Betfair has released its new ‘Auto Cash Out’ functionality, which will be made available for its UK and Ireland Exchange customers.
The new cash out feature allows players to ‘lock-in a profit’ automatically on Betfair Exchange’s live markets.
Launching the new feature, Betfair customers will now be allowed to take an ‘active cash out position’ on Exchange markets.
The feature will allow Betfair players to set their own cash out profit level, locking in a guaranteed return for their placed wager, should the customer choose the Auto Cash Out function.
Detailing the launch of Auto Cash Out, Betfair development teams stated that they wanted to bring flexibility for its Exchange customers, combined with a new engaging dynamic in industry cash out functionalities.
“Betfair consistently strives to bring products to our customers that improve their experience and give them as much control as possible over their bets.” Betfair detailed to SBC
“Auto Cash Out allows customers to choose the profit they’d like to make ahead of the event and we ensure their bet is ‘Cashed Out’ when their selection hits a price that locks in their chosen profit. It’s perfect if a customer thinks their horse will have a fast start but won’t last the distance, or their team has a tendency to throw away a lead.”
Auto Cash Out has been released following a successful trial with select UK and Ireland players.