Cash Out is a term that might be new to sports bettors in the US. However, Cash Out isn’t a new feature for all sports bettors. This is a popular sports betting feature all around the world. Cash Out is great for bettors that are not confident in their live bet or want to limit risk on a wager.
Cash Out allows sports bettors the opportunity to get paid for a wager before the result of the event is complete. Bettors will usually choose to cash out early from a wager for two reasons.
A bettor can take partial winnings if a wager looks good early but doesn’t seem as though it will end with a win. Similarly, a bettor can cash out early on a losing ticket so they don’t lose the entire amount of the wager.
Sometimes it’s best to take the money while it’s available on a bet that seems as though it might not end up a winner.
When can a bettor choose to cash out?
Bettors may cash out of a wager during the lifespan of the bet(s). A single game cash out will take place before the event ends. Cashing out of a parlay must take place before the last game is over. A futures wager may be cashed out until there are no more wagers taken on the event.
Bettors should note that sportsbook operators may have different rules for cashing out. Bettors should check in advance to see which kind of wagers will offer a Cash Out feature.
Some sportsbooks offer Cash Out for moneyline wagers, point spread wagers, parlays and futures bets. The option to Cash Out is particularly useful if a bettor has a futures wager on a long shot that doesn’t seem fit to finish as strong as they start.
How to cash out?
The Cash Out feature is only available for sports bettors in the US that place wagers online. Bettors can visit the active bets area of their account online to see the current price available to Cash Out.
If the bettor likes the Cash Out price being offered they simply click the Cash Out button then confirm that this is the correct action. Once complete the money will appear in the player’s financial account.
Who can cash out?
Cash Out is a sports betting feature that’s associated with mobile sports betting in overseas sportbooks. Cash Out is currently only available when placing sports bets online in the US even if the sportsbook operator has a landbased outlet at a casino or racetrack.
Online sports wagering can take place on a desktop, tablet, or mobile phone.
Where can bettors find the Cash Out option?
The cash out feature only exists at some online New Jersey sportsbooks. Currently, only DraftKings Sportsbook, FanDuel Sportsbook, SugarHouse Sportsbook, and 888 Sportsbook offer the Cash Out feature.