|By PR Newswire||
|October 3, 2013 06:54 AM EDT||
LONDON, October 3, 2013 /PRNewswire/ --
THE BENEFITS of Betfair's 'Cash Out' facility to lock in a profit on horse racing multiple bets was highlighted in all its glory today when one UK punter opted not to accept a last leg 'Cash Out' offer of £53k, instead choosing to take his chance on a £282k payout.
The Sportsbook customer invested £72.50 in total with his bet comprising of a - £10 accumulator, 6 x £1 five folds, 15 x £1 four folds, 20 x 50p trebles and a 50p Lucky 63 - and while collecting over £12k winnings he must be ruing a missed opportunity.
His first five selections all won but he was let down by his last pick, and in the cruellest of fashion, as the uncommunicative Kings Warrior refused to leave the stalls in the 3.55 at Sailsbury.
Betfair Spokesman Barry Orr commented today: "He must have felt like the luckiest man alive when the first five selections all came in and it's probably the cruelest way lose a potential 282k payout"
"The temptation to take the 'Cash Out' offer of £53k must also have been very strong as he still would have bagged a lovely profit on his £72.50 investment but I'm sure he's still celebrating the £12k win while a little wistful of what might have been"
The punters selections were:
1. Indian Outlook 3.25 Sligo @ 17/5 - SP 9/2 - Won
2. Intrinsic 3.10 Newcastle @ 15/8 - SP 15/8 - Won
3. Breaking The Bank 3.20 Salisbury @ EVS - SP 2/1 - Won
4. Cambridge 3.35 Nottingham @ 14/1 - SP 16/1 - Won
5. Rufoof 3.45 Newcastle @ 13/5 - SP 3/1 - Won
6. Kings Warrior 3.55 Salisbury @ 5/1 - SP 13/2 - Lost
Notes to the Editor:
Cash Out is a brilliant In-Play feature that puts you in control of your live bets. Take your winnings or cut your losses? It's your call. All at the touch of a button.
Exclusive to Betfair, you can Cash Out your Racing Multiples . After your first leg has won, Cash Out is available in between races.
You can Cash Out your Multiples bets too - across sports - as soon as the first leg goes In-Play.
Whenever you want to Cash Out, simply hit the yellow 'Take' button. You can Cash Out on any bet where you see the symbol on your Betfair betslip
About Betfair: (http://www.betfair.com)
Betfair is the world's biggest international online sports betting company and pioneered the first successful betting exchange in 2000. Driven by cutting-edge technology, Betfair enables customers to choose their own odds and bet even after the event has started. The company now processes over seven million transactions a day from its four million registered customers around the world. In addition to sports betting, Betfair offers a portfolio of innovative products including casino, exchange games and poker. Betfair currently employs over 2,000 people worldwide. The company holds betting licences in Gibraltar, the US, Tasmania, Italy and Malta.