Author: Tony MacDonald
Published: 15:55 24/07/2015
Popular online sportsbook Betfred has become the latest bookie to add a cash out facility to its range of betting features.
The Betfred website has undergone improvements this week and the cash out feature is the first in a line of products set to be released in the coming weeks. Betfred has also added Chroma Sports-powered interactive horseracing cards, giving punters access to a race predictor, head-to-head results and course information.
A Betfred spokesperson had this to say following the launch “We are delighted to offer a cash-out facility that has been developed in-house, Cash-out is just one of many exciting developments that are about to be rolled-out."
What Is Cash Out?
With CashOut you no longer have to wait for your bet to finish to pocket a profit at Betfred. Just choose the bet you want to CashOut and you'll be paid the amount regardless of the outcome of the event. This means you can now lock in profits and limit losses when using Betfred to place your bets via desktop, mobile, tablet, and on both iOS and Android apps.
CashOut is available only on selected Betfred markets and bets including the vast majority of in-play bets for football. It can even be used on accumulators, so in some cases punters may be able to take a return even if not all selections are winning.
Betfred’s launch of cash-out comes one week after BetVictor launched its version of the popular in-play betting tool with the pair joining the likes of William Hill, bet365, Ladbrokes, Betfair, Coral and Paddy Power in offering the now essential sportsbook functionality.