Ken EdwardsFanDuel Sportsbook has introduced a bold new feature that will ensures it keeps one step ahead of the mobile sportsbook competition in the lucrative New Jersey sports-betting market. Last week, FanDuel launched to its mobile app and also released on its website, a "Cash Out" option.
FanDuel Introduces Innovative New ‘Cash Out’ Option
Last week, FanDuel launched to its mobile app and also released on its website, a ‘Cash Out’ option that will give sports bettors the opportunity to cut-their-losses and increase their winnings.
Can it really be true?
Can I really cash out of my wager if it looks like its going to turn sour?
The answer is a definitive ‘yes’.
Let’s see how the ‘Cash Out’ feature works.
What is The Fanduel Cash Out Feature?
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 and naturally, the amount will depend upon the current 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 match 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 made updates in real time, sports bettors can wait for the next pass rush, basket made or 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, however, 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. 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. For more details about the Fanduel cashout rules Visit our Fanduel Casino Review
Check Out NJ's Other Sportsbooks With Cash Out Options
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 to simply to limit the potential damage of a loss is the essence of the FanDuel Cash Out Policy.
When can you Cash Out on FanDuel?
Importantly, not all wagers will be available for Cash Out, however, most live in-play wagers will be. Cash out merely allows you to ensure your profit early or cut your losses live.
In order to check, your bet will only be eligible for a Cash Out if you are offered a ‘Cash Out Value’ and it will be cleared displayed on your betslip in the FanDuel Sportsbook ‘Active Bets’ tab.
When is the Cash Out Option Available and how do I trigger it?
When viewing ‘Active Bets’ you will see the green Cash Out button with the associated Cash Out Value if it is available. When clicking on the green Cash Out button, you will be asked to confirm that you are seeking to Cash Out your wager.
Once you have confirmed your cash out, the FanDuel trading team will either accept or reject your Cash Out request.
How much money do I get back when I use FanDuel’s Cash Out offer?
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’ in 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.
‘Cash Out’ Puts the Power in your Hands
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 they can bet on another game. It’s a win-win. Players get to bet again and FanDuel gets to buy 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.
FanDuel have introduced a ‘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 $10in site credit.
Simply by clicking the Cash Out button whilst in live betting mode, users can receive the free site credit.
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.
Can I cash out early on FanDuel?
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.
Can I stop a cash out action once activated?
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.
Are all bets eligible for Cash out?
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". You can find this value displayed on your betslip in the Active Bets tab.
How do I use the cash out feature?
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.