Updated: February 2023
✅Fact Checked by: Michael Savio
Introduced in 2018 alongside its top-tier mobile app, the cash out feature became a revolutionary tool that began sprouting up at other online sportsbooks.
The concept of cash out is simple—exit a bet before the final result. This can be used in two ways:
Using this tool, it’s pretty simple. Below, we’ll cover the following:
Simply put, ‘Cash Out’ allows you to get money back on your bet before the event on which you have placed a wager is over.
The amount of money you will get back will be determined at the time of cashing out. Naturally, the amount will depend upon the likelihood of that bet winning or losing – it could potentially be greater or less than the initial stake.
The ‘Cash Out’ option will be offered as part of ‘in-running betting’, also known as ‘in-play’ or ‘live betting’. These types of wagers are usually placed while the event to which the bet relates is actually taking place.
Examples include placing a wager on a football game that has already kicked off or betting on a horse race while the race is being run.
|Cash out before the end of the event if you feel your bet is not going to work out.
As the status of bets is updated in real time, sports bettors can wait for the next pass rush, basket made strikeout, or any ensuing play to determine the best and most opportune moment to cash out.
You’re not always going to get it right, but, you’ll certainly end up winning more bets than you did previously without the ‘Cash Out’ option.
FanDuel’s ‘Cash Out’ option will not be available for every bet. For all markets that support the Cash-Out option, you will see an icon that looks like this: If you decide it really is your thing, you can literally choose to make only ‘Cash Out’ wagers if you so desire.
The ‘Cash Out’ button on the bottom of the FanDuel Sportsbook page allows sports bettors to choose when they may wish to take advantage of the feature.
To be very clear, and don’t be confused, the FanDuel Cash Out Option has nothing at all to do with the withdrawal of your winnings.
Consult the FanDuel sportsbook review if you are looking for information on withdrawing funds and to check which withdrawal methods are available to you.
FanDuel’s Cash Out is simply a method of backing out your live in-play wager should you feel your bet may lose or your wager will become a losing one.
To all intents and purposes, cash out is kind of like bet insurance; getting out of a losing wager before it turns too bad and simply limiting the potential damage of a loss is the essence of the FanDuel Cash Out Policy.
After making your bet, you’ll want to visit your bet slip/bet history while the game progresses. On the page, if cash out is available, FanDuel online Sportsbook will offer it to you.
This feature can be used on most bet types, but FanDuel Sportsbook does have some discretion over when it’s available.
To trigger the cash out option, again, it’s pretty easy. When you’re on the betslip and see that cash out is available, you will be offered a " Cash Out Value" that you can click on this and begin the process.
FanDuel online Sportsbook will prompt you to ensure you want to cash out.
When they do this, confirm you want to cash out, and the funds will hit your bankroll immediately.
It is super important to remember that the cash out value can change instantly, depending on what is happening in the game.
If accepted by the FanDuel trading team (and most cash outs are), the full value of your cash out that was originally shown as your ‘Cash Out Value’ at the beginning of the process (remember the total you saw right before you clicked on the green button in ‘Active Bets’) will be transferred back into your FanDuel wallet instantaneously.
While the FanDuel cash-out option may seem like a complete win for bettors, it actually benefits FanDuel Sportsbook as well
Think about it like this—for example, if you have a three-leg parlay and you have won two legs, FanDuel Sportsbook will generally offer a cash out amount because they’re hedging their losses if the third leg also succeeds
So, instead of paying out parlay odds of +1200, they may only be paying something equivalent to +500, thus saving themselves money.
Also, suppose you exit a bet early because you’re losing. In that case, the chances are you’ll try to wager that money again, giving FanDuel Sportsbook another crack at winning and taking those funds or another portion of that.
Cash-out betting can be used to your advantage, but remember that there is an angle here for FanDuel Sportsbook.
We looked at a brief example above with the parlay wager, but let’s look at some other examples of cashing out early.
Deciding whether or not to cash out can be complicated, and the context of the game is what matters most. With that, we’ll create two FanDuel cash out examples below, one for winning and one for losing, to provide some insight as to what your thought process could/should be.
FanDuel’s ‘Cash Out’ does more than simply enable you to cut your losses. ‘Cash out’ aims to make sports betting a far more interactive experience than has ever been possible before.
The interactivity of the ‘Cash Out’ feature, allowing customers to take full control of their betting destinies, might well be the biggest selling point of the FanDuel initiative.
Players love the ‘Cash Out’ betting feature. It makes betting far more entertaining and enables the player to ‘close’ their bet, so that they can bet on another game.
It’s a win-win. Players get to bet again and FanDuel buys back the bet at better than market value.
Don’t be annoyed by a last-second 3-pointer, ‘Hail Mary’ touchdown pass, or bottom of 9th game slam ever again.
When this feature was first introduced, FanDuel came out with the ‘Cash In With Cash Out’ promotion limited to one wager-per-person (physically located in New Jersey) for those sports bettors looking to capitalize on a potentially losing wager, cash out their winnings, and earn $10 in site credit.
Simply by clicking the Cash Out button whilst in live betting mode, users were able to receive the free site credit.
In addition to FanDuel Sportsbook, other sites offer cash-out betting as well. What’s great about the cash-out feature is that the utilization of it is pretty much the same no matter what online sportsbook you play at.
The process is the same—go to your betslip/bet history, monitor your active wagers, and see if it’s available.
Some of the legal sports betting sites that also offer cash out include the following:
So, whether you’re using the DraftKings cash out, Borgata Sportsbook cash-out, bet365 Sportsbook cash out, the BetMGM cash out option, or even the Unibet Sportsbook cash out option, the way to go about using the feature is the same
Yes, FanDeul has an excellent cash out option for its customers. When you are satisfied with the amount of money your bet has accrued, you can decide to cash out whenever you please. If you are using a mobile device, the FanDeul Sportsbook mobile app will enable you to cash out your winnings without hassle.
Yes, you can. As a player, FanDuel has given you the go-ahead to close your bet whenever you choose to - even if the game is still ongoing. If the game you bet on is not going in your favor, you can cut your losses and exit the wager with FanDuel's cash out feature. Also, if the game is going as you predicted, you can lock in your winnings as well. It goes both ways.
No, it is not possible to stop the cash out process once the command has been given. FanDuel has created a very fast cash out feature which will carry out your wish immediately. So before engaging the cash out feature, ensure it is actually what you want to do.
You won't be allowed to take advantage of the Cash out feature until Fanduel decides it is time. The moment your bet qualifies for cash out, the sportsbook will offer you a "Cash Out Value". This value is displayed on your betslip in the Active Bets tab.
Go to the "Active Bets" tab on your betslip and look for the green cash out button. Click on the button and confirm that you want to cash out your bet. After confirming the action, it will be up to the Traders to decide whether your request should proceed or not. Although this rarely happens, a request can be denied if the Traders think the bet does not qualify for cash out. But If your request is granted, your wallet gets credited, and the bet will appear as "Cashed Out" in the Settled Bets tab.
You can only use the cash-out feature in states where FanDuel Sportsbook is legal. So, if you reside in Pennsylvania, make a bet, but then travel to North Carolina that same day, you won’t be able to since this isn’t one of the FanDuel cash out locations as it’s not a legal sportsbook there.
FanDuel cash out is calculated using real-time odds (live betting) while balancing risk. Unfortunately, there’s no standard formula to follow, but each sportsbook has its algorithm in place to determine a cash-out price at any given time throughout a game.
When cashing out on FanDuel, your stake will be considered in the amount. However, it’s important to remember that it has to do with where you’re wager is at. At times, cash out is unavailable at FanDuel altogether, but when it’s not, yes, your stake is considered
If you were wondering how to cash out early on FanDuel when it comes to a parlay, it’s the same process as any other wager. In fact, you can use FanDuel Same Game Parlay cash out, too. There really aren’t any wager types immune to cash out; it’s just a matter of whether or not the betting app offers it when you’re considering it.
There may be a few reasons who the cash out option ismay be unavailable: