Betsafe Cash Out – Steps & Tips

Author Katerina Gadzheva

Approved by Atanas Tanev

Updated:

19 September 2024

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As many gamblers like to have an extra degree of control over their bets, the ‘cash out’ has become an increasingly important feature. This very handy tool enables punters to withdraw their bet early at a specified price, based on the live odds at the time. It is a feature available at most bookmakers these days, and the Betsafe online cash out is not an exception. Betsafe is among the brands that have long offered it across many different sports and markets.

Try New Cashout

How to Cash Out at Betsafe?

To cash out a bet at Betsafe, the bet must be eligible. Most markets qualify, with Betsafe offering excellent coverage. However, this is not always the case so if you plan on using the feature place a qualifying bet and follow the steps below:

1. Find a selection from a sporting market that has ‘cash out’ in green text in the top right-hand corner
2. Click a selection from within this market to add it to your betslip
3. You can add additional selections to your betslip and combine them into a double/triple/accumulator bet.
4. All of them must however come with this ‘cash out’ label. Should one or more not, you will not be allowed to cash out

After placing a qualifying bet, the cash out will be active when the event (or first event in case of a multiple bet) begins. It will be disabled either when the event is over or when the bet (or one of the bets) is a confirmed loser. To cash a bet out between this time, the process is very simple:

1. Log in to your account and access your open bets
2. Select ‘confirm cash out’ or ‘confirm’ (a cashout request). There will be a price stated for this at the time, showing you how much you will receive if the request is accepted
3. Wait a moment for the cashout request to be denied/accepted. If accepted, which is standard, the money should appear in your account balance immediately

What is Betsafe Cashout?

Betsafe offers a cash out feature where punters can manually cash out the entire bet. All Betsafe cash outs must be done manually, there is no auto cash out, but it is also possible to make what is known as a partial cash out.

Partial cash out

Customers can use the partial cash out option on selected markets. They can cash out just a part of their bet, while leaving the rest of the wager to run as normal. Customers will have a sliding bar on qualifying bets, allowing them to choose how much of their original stake they wish to cash out.

Example: Say, for example, you placed a €10 bet. You could choose to cash out €5 of it at the offered price and let the remaining €5 to stand as normal, effectively hedging your bets.

Betsafe Cash-Out Terms

Cash out is such a popular feature mainly because it is so simple to use. Customers can just log in when a bet is live and opt to cash it out at a stated price. However, there are a few important terms that you should be aware of:

• All cash out requests need to be accepted by Betsafe before they are settled. This usually takes a few seconds.
• Betsafe have the right to reject a cashout request. Most commonly this occurs due to a change of odds or the suspension of a market (typically due to on-field action).
• The cash out price offered is liable to change at any moment.
• The cash out price offered can be higher or lower than the original stake.
• A successful cash out request is not considered a new bet, but an early end to the original wager.

Why Use Betsafe Cashout?

Betsafe’s cash out feature is widely available so customers will find it easy to withdraw their bet early even if they do not wager on the most common sports. Cash out requests are processed quickly and the prices offered are certainly in line with what we expect from a reputable and competitive bookmaker.

What are the Risks of Using the Cash Out Feature?

There is only one ‘risk’ to using a cash out feature. You may end up with lower returns if you cash out too early. Knowing when and if to cash out is a skill in itself, sometimes you will get it right, sometimes you will not.

As a general rule, it is not something we recommend using regularly as cash out prices are subject to a small house edge and in the long-term the bookie will benefit more than the player.

Can I Combine Bonuses with Cash Out at Betsafe?

No, cashing out a bet means it will neither qualify for a promotion/bonus, nor fulfil the requirements of an existing offer. This is a site-wide policy for betsafe bonuses (listed here), so ensure any bets tied to a promotion are not settled early.

When is the Cash Out Option Not Available at Betsafe?

Betsafe enables customers to cash out most bets, but there are some exceptions. Markets that do not qualify for cash out do not feature the ‘cash out’ green text like the rest. You are likely to find that cash out is unavailable for some less popular sports.

Also note that Betsafe cashout is not available for certain bet types, including the following:

• Bets placed using a ‘free bet’ bonus rather than cash
• Risk-free bets
• Accumulator bets if one or more of the legs are not eligible for cash out
• System bets

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