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Paddy Power prepares cash-out service

New innovation will allow online sportsbettors to collect on a wager before the associated contest has finished.

Tuesday 26th November 2013

Online sportsbettors at Paddy Power that may become nervous about the outcome of their wagers as the minutes tick away will reportedly soon be able to take advantage of a new cash-out service. Pioneered by betting exchange operator Betfair, a cash-out service enables punters to collect on a winning wager before the associated contest has finished and is one of a set of new innovations Paddy Power is preparing to launch in the near future. “In November we'll be releasing the first of our cash-out products as well, which would be on football betting, and we expect that to launch over the next week or two,” Peter O'Donovan, Online Managing Director for Paddy Power, told investors last week.

Source: OnlineCasinoNews

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