The best betting sites with a cash out feature provide you with complete control over your bets. If things start to take a turn, you’ll be able to pull your bets early.
In this latest guide, you’ll discover more about the best cash out sportsbooks, when you should consider cashing out, and how it can affect your active bonus.
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Table of Contents
- What is the cash out feature?
- The best betting sites for cashing out early
- Things to consider before picking your next sportsbook
- How to settle your bets early at a betting site
- Verdict: Let us help you find the best sportsbooks for cashing out early
- Cash Out Betting FAQ
What is the cash out feature?
The cash out feature is a simple but effective tool that provides you with complete control over your bets. We know as well as anyone that you can review the stats, take on board the latest basketball news, but still find yourself in a position where your bet isn’t going to plan. Cashing out allows you to take hold of the reins and decide whether it is worth seeing things through or pulling the plug.
If your bet is currently winning, but you don’t like how things are starting to look, then you can cash out and take home a portion of your potential winnings. This figure is calculated by your chosen sportsbook, and will increase in value based on the reduced likelihood of a comeback and the number of minutes still left to play. If your bet is losing, you’ll find that the value will continue to drop as time ticks by.
Plus, some of the best live streaming sportsbooks allow you to watch the action unfold in real-time that help you decide on what to do next regarding cashing out early.
Pros & Cons of Cash Out Feature
- Complete control of your bets
- Available on a range of markets
- Simple betting function
- Will void your live bonus
The best betting sites for cashing out early
We’ve been busy checking out some of the best sportsbooks who let you cash out early. Why not start your search for the perfect sportsbook with a closer look at some of our favorites?
DraftKings: Home to some of the most responsive cash out features
Pros & Cons
- Available on a range of bet types
- Feature is available on most sports
- Quick to activate
- Cannot be used on bets placed with bonus bets
DraftKings is a fantastic betting platform that allows you to close out certain bets before the final whistle is blown or the final strike has landed. Although only available on specific sports, you’ll find that you can soon secure your winnings or get out of your bets before things start turning south.The cash out is available on pre-game, live, future, and parlay bets, but cannot be used alongside any free bet bonuses.
When you come to cash out your bets at DraftKings, you’ll need to first head on over to the My Bets section. You can filter through open bets, click on the yellow cash out button, review the current value, and then click the green button to confirm. Your cashed out bet will then move to Settled and your balance will be updated.
FanDuel: Gain full control of your bets
Pros & Cons
- Clear cashing out markets
- Ability to settle before and during the match
- Simple process
- Odds change regularly and can alter the value
Over at Fanduel, you’ll find a great selection of betting opportunities that are eligible for settling early. The online sportsbook has made it incredibly easy for you to spot eligible markets, too – simply keep your eyes peeled for those with a gray CASHOUT box next to them.
Once you’ve created your bets and submitted your stakes, you’ll find that your bets have been added to your betslip. Here, you’ll be able to find a current settling value before your bets go live.
While in-play, you’ll find that odds change dynamically to suit the momentum of things. If you want to take home a portion of your winnings early or minimize your losses, you’ll need to head to the My Bets section, press the green Cash Out tab, and click to confirm. If accepted, funds will be added to your balance and your bet will be moved to Settled Bets.
BetMGM: A fantastic betting brand with automated cashing out options
Pros & Cons
- Easy to locate cash out bets
- Auto settled bet feature
- Competitive odds
- Unavailable on certain sports
This online sportsbook makes it incredibly easy to see when the cashing out option is available to you, regardless of whether your bets have started. If they haven’t started just yet, you’ll find that the cashing out value is displayed in the relveant section. If they have, you’ll be able to view the current value in the My Bets section of your account.
You also have two options when it comes to settling your bets early. The first allows you to cash out your bet at that exact moment. Alternatively, you can make use of the Auto Cash Out feature and set a value that you would be happy to close things out. Should your potential winnings reach this value, you’ll find that your bet is cashed automatically.
Of course, cashing out isn’t available on all sports, and it isn’t always guaranteed to work. BetMGM offers competitive odds throughout, but these will change frequently.
| Cash-out betting site | Live betting | Live streaming | Cash-out |
|---|---|---|---|
| DraftKings | Yes | Through separate app | Yes |
| FanDuel | Yes | Yes | Yes |
| BetMGM | Yes | Yes | Yes |
Things to consider before picking your next sportsbook
Here are few key things that can really help those of you looking to sign up to a new sportsbook who lets you settle your bets early:
Available markets
You’ll want to make sure that you’ve found yourself a cash out betting brand that covers the sports, fixtures, and events that you are interested in. Sites like FanDuel will actually highlight that cashing out is available on specific markets, making things ten times easier to see which betting sites will suit your own preferences.
Terms of bonuses and promotions
We have no doubt that you’ll soon be filtering through the latest soccer stories, checking out the best odds, and figuring out which selections to add to your bet slip. However, before you do all of that, it pays to check out the terms of any bonuses and promotions, too. Just remember that for the most part, your bonus bets will be voided if they are settled early.
Response times of the support team
There are a number of reasons why your cashed out bet request may not be going through. Whatever the issue may be, you’ll want to feel confident that support can soon get things resolved. For you, that means finding yourself a cash out sportsbook with a live support team.
How to settle your bets early at a betting site
Let us talk you through the process of how to physically cash out your bet.
- Click on one of the links found within our dedicated sportsbook reviews
- Work your way through the registration process by providing a few basic details
- Read through the terms and conditions, enter any promo codes, and submit
- Authorize your account by clicking on the link sent to your email address or enter the one-time code sent to your phone
- Head back to the site and make a qualifying deposit
- Visit the sports betting lobby, filter through eligible games, and place your bets
- Watch the action unfold, courtesy of a live stream
- Should you wish to cash out your bet, click on the ‘cash out’ icon
- Confirm that you are happy with the value of your bet before clicking ‘cash out’ again
- Your bet will now be moved to settled and any winnings will land safely back in your account
Verdict: Let us help you find the best sportsbooks for cashing out early
Hopefully, you’re now in a much better position to judge whether a cash out sportsbook is the right option for you. As you can see, these types of platforms provide you with greater control over your bets. When taking advantage of the banners on this page, we’d suggest keeping your eyes peeled for any platform that offers updated odds, a stream of betting markets, and a live streaming option. It also helps if you can find a betting site that has responsive support and a clear way to identify which matches are eligible to be settled early.
Cash Out Betting FAQ
🔍 Can I use bonuses when cashing out early?
Some of the best sportsbooks for betting on football, basketball, and other major sports will allow you to pick up plenty of bonuses to use across live betting markets. However, you will almost certainly find that your bonus bets will be deemed void if you cash them out early.
📈 Do cash out betting sites platforms have competitive odds?
Absolutely. The very best live betting sites have plenty of perks, including a range of available betting markets and fair odds throughout. When taking advantage of the cashing out feature, you’ll just want to make sure that your odds are the same as those you initially locked in.
📱 Can I visit the best betting platforms and cash out early on my phone?
Yes. Many of the best betting sites with cashing out options have now optimized the experience to suit smaller screens. In some instances, you’ll even find dedicated apps have been created to make the experience even more accessible and streamlined.