Betfred Cash Out Explained

These are the full terms for the Betfred Cash Out and were accurate as of 26/09/2018.

Cash Out Offer applies to Betfred.com and Mobile.

By cashing out, you are agreeing to close your bet at the amount offered to you. Once you have cashed out, the amount you have received for the bet will not change. This is irrespective of whether the remaining selections subsequently win, lose or do not compete.

Cash Out is currently available on horse-racing (both win and each way), football, tennis and golf. Cash Out is not currently available on all markets. For pre-event markets, an icon will be displayed in the coupon alongside all such markets which support Cash Out. The Cash Out facility is also available on many football bets placed in-play.

All bets available to Cash Out at any moment can be found in the Cash Out Statement page.
The amount you are offered to Cash Out is based on your original bet, the status of any selections which have already completed, and the current market price(s) of your unsettled selection(s). This may be greater than or less than your original stake.

If your bet is eligible for Cash Out, then with the exception of horse racing (see rules 7 & 8) an offer will become available as soon as your bet goes in-play. For multiple bets, this will be as soon as the first leg goes in-play. You will not be able to Cash Out until an event within your bet has started.

You will not be able to Cash Out of a horse-racing bet in-running.

A horse-racing single will not be applicable for Cash Out at any time. You can still Cash Out of any horse racing multiple or accumulator between legs.

If you place a bet in-play and your bet is eligible for Cash Out, you will be able to Cash Out immediately.

The Cash Out facility is accessed via the Cash Out Statement page. The bets available to Cash Out at that time will be displayed along with a Cash Out amount by each bet.

The Cash Out amounts displayed in the Cash Out Statement page do not update automatically. To update the Cash Out amounts, you should refresh the page. Note that after refreshing the page, you may not refresh again for a further 10 seconds.

After choosing to Cash Out any bet, the confirmation screen which then appears will display the newly updated value and therefore may have changed from that shown in the Cash Out Statement page. The value displayed in the confirmation screen will be the actual amount offered to you. This  will supersede any amount previously displayed in the Cash Out Statement page.

In the Cash Out confirmation screen, you are permitted a grace period of three seconds, during which any change in the odds used to calculate the Cash Out amount will be disregarded and the amount you are offered will not change (unless any market involved within your bet becomes suspended – see rule 17). You may still choose to take the amount offered after more than three seconds have elapsed. However this will only be accepted provided the Cash Out amount has not changed. If the Cash Out amount has changed, whether increased or decreased, you will be offered a revised Cash Out amount in the confirmation screen.

The three-second grace period is intended to help the customer experience. Betfred accepts no responsibility for the slow connection of any customer’s internet, which may prevent the customer being able to accept a Cash Out offer within that time.

If you choose to take the offer, the Cash Out request will be subject to a seven-second delay if any of your selections involved are currently in play.

If, at any stage during the Cash Out process, a market involved within the bet you are attempting to Cash Out becomes suspended, Cash Out will not be permitted at that time.

After completing the Cash Out process, the funds will be returned to your account immediately. Your bet will be settled and the final outcome of your bet will have no effect on the amount returned to your account.

Cash Out will not be available if any unsettled selection in your bet is not eligible for Cash Out.

Cash Out will not be available if any market within the bet is suspended.

If any market within the bet has closed but is awaiting settlement Cash Out will not be available.

Cash Out will not be available if there are no longer any potential returns due from the bet. An example of this is that any selection in a straight accumulator bet has lost.

Cash Out will not be available if the Cash Out amount is calculated to be less than £0.01.

Cash Out will not be available if your bet was struck using a free bet. Free bets cannot be used for Cash Out purposes.

Where a customer has selected Singles within the multiples area of the bet slip, Cash Out will not be available until the last selection has gone in play.

Cash Out may not be available if any selection included within the bet is a promotional price. For example a price push.

Any offers (e.g. Accumulator insurance), bonuses or consolations (e.g. on a Lucky 15 bet) will not apply where a customer has taken Cash Out.

Betfred cannot guarantee that Cash Out will be available on any bet which is intended to be eligible for Cash Out. The Cash Out amount is calculated using the current bet price of the selection(s).

Therefore if we are unable to offer in-play betting or if for any other reason betting is not available on a market involved within your bet, then a Cash Out amount cannot be calculated so Cash Out will not be offered.

Betfred accepts no responsibility for any technical reason, human error, or loss of live connection from a third party which may result in the customer being unable to Cash Out.

Betfred reserves the right to suspend or disable the Cash Out feature at any time..

If you choose not to Cash Out or you are unable to Cash Out, your bet will be settled. The settlement will be based on the outcome of the completed event(s).

The amount offered via Cash Out is subject to the maximum payout limits. See Betfred’s General Rules – Maximum Payouts.

If Cash Out is completed on any bet where there is an obvious error in the odds used to calculate the Cash Out amount, or where a market involved in the bet has been incorrectly settled, or where for any reason there is an obvious error in the Cash Out amount, the bet will remain cashed out and will be resettled at the Cash Out amount which was correct at the time of the Cash Out request.

Should such circumstances occur, every effort will be made by Betfred to inform all customers affected as soon as possible.

In accordance with Betfred’s General Rules, if for any reason there is an obvious error in a bet price being displayed, any bet taken at this price including multiples will be deemed void. Should this situation arise, any Cash Out transaction made on such a bet will also be deemed void.