Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
June 27, 2024

Best Betting Sites With Cash Out

They say you can’t win them all, but what if you could never fully lose a sports bet again?

The cash out early feature provided by most legal US sports betting sites is one of the top tools online bettors have at their disposal for building a bigger bankroll.

The popular option gives bettors the opportunity to close out an active wager before the outcome is determined. Based on the live betting odds at the time, cashing out early allows bettors to secure partial winnings or cut their losses.

Various types of cash out options, known as full, partial, and auto, give bettors added layers of flexibility in guaranteeing money makes it back into their balance.

While the cash out feature has become commonplace for traditional bet types, depending on the sportsbook and sport, early cash outs may also be available on prop bets, parlays, futures, and live bets.

Along with highlighting the best cash out betting sites, this article covers how cash out betting works, the different types of cash out bets, and when to use the cash out option.

What Is the Cash Out Option at Sportsbooks?

Depending on how events unfold following your bet placement, the cash out value of the wager may be worth more or less than the amount originally staked.

Similar to stock trading, bettors may elect to close out profitable or struggling bets once the cash out amount offered reaches a certain percentage. Along with safeguarding winnings and minimizing losses, the cash out option is also utilized to increase your account balance immediately without making a deposit.

Scenario 1: At the end of the first half, the Bills lead the Jets 21-0. Since this increases the likelihood of your bet winning, the online sportsbook offers a cash out of $160. You have the option to take a sure $60 in profit or wait until the end of the game in hopes the Bills will still cover the -1.5 spread to collect the full amount of $190 ($90 profit).

Scenario 2: After three quarters, the Jets have a commanding 27-3 lead. Since it seems more likely now that your bet is going to settle as a loss, the sportsbook offers a cash out of $15. You can take the $15 to make sure that the entire $100 stake isn’t lost, or you can risk running the bet to zero by waiting until the end of the game in hopes the Bills come back.

Top 5 Best Cash Out Sportsbooks

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

bet365 Sportsbook

4.5/5
  • Minimum Deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now

Fanatics Sportsbook

4.4/5
  • Minimum deposit $5
  • Generous Welcome Bonus
  • Variety of Special Features
  • Big Sports Market Coverage
  • Limited banking options
  • No Desktop Betting
  • Few Special Offers & Promotions
10 daily 100% Bonus Bets up to $100
Play Now

Only a handful of online sportsbooks give the cash out feature the respect it deserves. The sports betting sites listed below offer a mix of competitive odds, clearly defined cash out enabled bets, cash out specific promos, various cash out types, and live streaming options.

Additionally, the best cash out betting sites can all be accessed by web browser or mobile device. Android and iOS users can download mobile versions of the online betting sites from their respective app stores. The cash out betting apps mentioned all pass the vibe check with ratings hovering around 4/5 stars or better.

1.🥇bet365 Sportsbook

Bet365 Sports Lobby

bet365 is one of the only two legal online sportsbooks to offer full, partial, and auto cash out methods to its bettors (more on the different types a little further down), making it by far one of the most customizable experiences for bettors who frequent the cash out button.

To cash out using the partial or auto options, click on the cog to the right of the cash out button. Two tabs will appear. For the partial cash out, move the slider to choose how much to cash out. Bettors setting the auto cash out parameters need to enter the cash out value at which you want to automatically take some or all of your money off the table.

The online betting site checks all the other boxes, including two dozen sports to pick from, live streaming capabilities, existing customer promos involving cash outs, and some of the most coveted odds in the business, which means higher cash out offers.

The only downside to bet365 is it’s available in eight states, those are currently CO, IN, IA, KY, LA, NJ, OH, and, VA. After adding Ohio and Virginia to the bet365 roster, the online sportsbook is turning its attention toward Kentucky and Pennsylvania. If you happen to be one of the lucky ones, visit the bet365 link here.

bet365 welcomes new users with a generous offer of $200 in bonus bets just for placing a $1 qualifying bet. A minimum deposit of $10 is required. Existing customer bonuses incorporating the cash out are offered on baseball, basketball, football, hockey, and soccer. If a team gets up enough runs, points, or goals, the wager settles as a win, regardless of the final result.

bet365 Sportsbook

4.5/5
  • Minimum Deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

2.🥈Betway Sportsbook

Betway sportsbook may be the least-known name on the list of best cash out betting sites, but it’s one of the only others to offer full and partial cash out options. The cash out betting site can be found in eight states (AZ, CO, IA, IN, NJ, OH, PA, VA) and accepts a variety of convenient deposit methods, including PayPal, Skrill, and Venmo. The betting app must be downloaded individually for each state.

Betway only offers roughly a dozen sports to wager on, but this frees up their attention to focus on hockey, soccer, and tennis live streams and legit gamecasts, the likes of which are on par with BetMGM, and far superior to bet365.

To onboard new bettors, Betway offers a welcome bonus bet of up to $250 refunded in bet credits if the first wager falls flat. To qualify, the initial bet must be a minimum of $10 and placed on odds of at least -300 within seven days of opening an account.

Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

3.🥉 DraftKings Sportsbook

With 28 sports to pick from and 21 states to make picks in (AZ, CO, CT, IL, IN, IA, KS, LA, MA, MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY), DraftKings sportsbook offers more betting markets in more places than FanDuel, its main competition for the most popular online sports betting option.

Despite a weak 20 percent deposit match welcome bonus and FanDuel doing a better job of telling bettors if a bet is eligible for cash out or not before confirmation (shown in the bet slip), DraftKings earns the nod for the variety of existing cash out customer promos, including some of the lowest thresholds for a winning bet.

During the basketball season, DraftKings ran what felt like a daily promo for an auto cash out on any moneyline bet of an NBA team that went ahead by 10 points or more. A similar bet with MLB teams runs less frequently but requires just a two-run lead to auto cash out.

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

4. BetMGM Sportsbook

BetMGM MLB Games

Available to bettors in 20 states (AZ, CO, IA, IL, IN, KS, LA, MA, MD, MI, MS, NJ, NV, NY, OH, PA, TN, VA, WV, WY), BetMGM sportsbook gets the bump over the rest of the field for its extensive list of sports markets which stands at 31, and being one of the few sports betting sites to offer an EditMyBet feature. Similar to cashing out early, the EditMyBet option requires decision-making on in-play bets. Bettors can increase stakes as well as add, swap, or remove unsettled selections. bet365 also advertises having a version.

BetMGM brings bettors into the fold by offering a welcome bonus second chance first bet of up to $1,000. If the qualifying wager settles as a loss, the amount staked will be returned in bet credits. Click here and enter the promo code GAMBLEUSA to claim the bonus bet.

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

How Cash Out Betting Sites Work

Some cash out betting sites may refer to the cash out option as a buyout or early settlement. Whatever an online sportsbook chooses to call it, cash out betting is a straightforward process with similar steps to complete. To cash out, you must be in the state you placed the bet.

To check if a cash out early amount is being offered on a placed wager, visit the open bets or my bets section of your sports betting site, and look for the cash out button at the bottom of the wager ticket. If available, this is where you can confirm your desire to cash out. The cash out offer will be deposited in your account immediately. The transaction can’t be reversed.

Step-by-step process:

FanDuel Cash Out Information

Cash Out Betting Types

Finding online sportsbooks, besides bet365, offering the full, partial, and auto cash out features can be difficult. New Jersey residents looking for all the ways to play cash outs should also consider Betfair. The online sportsbook has the full complement of cash out options which we’re about to dive into the differences of.

Full Cash Out

The most common type of cash out is the early full cash out. It’s also the cash out option that has been discussed in the article to this point. If you’re happy with the amount being offered, go ahead and confirm the cash out.

Partial Cash Out

Online sportsbooks like Betway and Smarkets allow bettors to close out a portion of their original bet and let the rest ride on the finish. The partial cash out is different in that instead of just a full cash out button, there’s usually a sliding bar between cash out values that can be set. Once it’s been decided how much of the initial bet to cash out, leave the bar on that number and click the cash out button to split the stakes. Other sports betting sites provide bettors with the option to specify the amount of the cash out.

Auto Cash Out

The auto cash out is a rarely seen option, but one that will most likely become the norm in the not-so-distant future. Most auto cash outs are currently set by bookmakers and offered as existing customer promos. The auto cash out is similar to the full cash out but allows bettors to set the criteria for automatically fully cashing out an in-play wager, thereby removing the hassle of needing to monitor the cash out price and manually completing the process of closing out a bet.

Should I Cash Out Early?

As any sports fan knows, it’s not over until the talented lady sings. A contest can dramatically change from one moment to the next. The cash out early option gives bettors some degree of control by helping to reduce the variance. In layman’s terms, the cash out feature makes luck less of a factor.

There may be some range-setting strategies involved with cash out betting, but for the most part, it’s a personal preference. Risk tolerance and the reasons for placing a wager are going to be different for every bettor. Ultimately, the final decision comes down to your confidence in riding out the bet.

The cash out option is also a viable alternative if you need to cancel a misplaced bet before a contest begins and the sportsbook prohibits it. Keep in mind, cashing out early will eliminate any bonuses previously applied, including odds boosts or bonus status.

There are some circumstances where taking the cash out offer is unnecessary. If you’ve backed a side to win and they’re leading by a substantial margin later in the contest, the cash out offer is still going to be slightly less than your payout would be if you let the bet run its course.

How Do Sportsbooks Calculate Cash Out?

The cash out option has a considerable element of give and take between the bettor and the bookmaker. To make sure they aren’t caught out offering a cash out value that is out of line with the competition, oddsmakers will temporarily suspend betting markets until in-play events are complete and traders have had a chance to adjust prices accordingly. The cash out function is disabled when markets are suspended.

The amount offered is derived from live betting odds at the time, with extra juice taken out by the sportsbook as a convenience fee. Essentially, the bettor is giving the cash out betting site some return, while reducing their risk by collecting some money no matter what. The profit will naturally be less than the maximum amount won if you let the bet play out.

DraftKings Cash Out Example

Best Sports to Cash Out

The best sports to bet on in conjunction with considering the cash out option are those that have sizable and swift point swings, or plenty of time to make decisions in between odds adjustments. Sports like fighting and horse racing can be difficult for bettors and sportsbooks to keep up with.

Top Football Cash Out Betting Sites

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

bet365 Sportsbook

4.5/5
  • Minimum Deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

Thetop football cash out betting sites come from the list provided above. Not only does bet365 offer some of the top odds on NFL underdogs, it has the full assortment of cash out betting options and specific promos.

For bettors leaning toward NFL favorites, BetMGM may be the play. In addition to being one of the leading names among the line setters, BetMGM properly highlights cash out available wagers before placing bets and provides a quality gamecast. Take a peek for yourself by clicking on our page links.

Cash Out Feature Not Working

There are various reasons the cash out feature may not be working.

Make sure to check the terms and conditions to confirm a specific market is supported before placing a bet. Some sports betting sites make it easy on bettors by providing a notification next to the odds or within the bet slip. The further you get away from traditional bets on popular sports, the less likely you are to come across cash out opportunities.

The cash out feature could also be unavailable if you placed the wager using a bonus bet or while taking advantage of another offer or promo.

If you want to cash out but are seeing a message saying the option has been suspended, it may mean something has recently occurred in the contest. Certain events like an injury, score, or change of possession can drastically change the probability of an outcome occurring. It can be difficult to cash out a wager that contains several selections.

Depending on the score and the amount of time left in a contest, the cash out feature may no longer be available. Online sportsbooks reserve the right to remove the cash out option at any time.

Can You Revert an Early Cash Out?

Reverting an early cash out is not possible. Once a cash out has been accepted, the bet is settled at the confirmed price. The immediacy at which the money is sent to your account makes the transaction impossible to reverse.

Pros & Cons of the Cash Out Feature

The pros of the cash out feature are many, and the cons few.

The cash out option is mainly used as a money-saving tactic by big odds bettors to be able to cut losses quickly. For strategies that include multiple bets targeting risky odds, taking advantage of the early cash out is essential. Bettors can keep the wagers that have a chance and cut bait with the rest. The money saved can add up significantly over time. The cash out function is also a way to cancel a misplaced wager or add money to an account without making a deposit.

Besides the cancellation of any applied bonuses and difficulty in timing the cash out to maximize the feature, the only other downside to cashing out is oddsmakers are trying to sell you a compromise at a favorable price for them.

Tips to Get the Most Out of Cash Out Betting Sites

Getting the most out of cash out sports betting sites starts with finding the best odds available. This betting strategy requires having accounts with multiple sportsbooks to ensure a chance at improved odds. Better prices mean more room to work with when mulling over cashing out.

Being informed is a close second in giving bettors a leg up. Knowing when a team may be showing early signs of performing better or worse, gives bettors a chance to adjust before oddsmakers can correct.

Sports betting platforms that provide worthwhile live-streaming options are always a plus. Nothing beats having eyes on the event. Gamecasts and box scores may not be telling the complete story.

Common Pitfalls With Cash Out Betting

Common pitfalls associated with cash out betting revolve around not being able to control one’s emotions. Nervous bettors may bail on an eventual winner too soon for partial profit if things aren’t going as planned early. Overconfident bettors often wait too long to cut losses on a bet doomed for the dumpster, eventually losing the entire amount.

Cash Outs vs. Bet Hedging

Bettors on the verge of a massive payday may choose to hedge their original bet by taking the opposite side, thus guaranteeing their money back at worst. There may be some margin for middling a profit either way, but that does risk a reduction of the maximum payout possible. Don’t get too slick. The cash out feature will be disabled on any bets where both sides are being played.

Hedging bets can eat into winnings and involves paying the vig twice, so it shouldn’t be done on a whim. There should be a specific reason for deploying the betting strategy, and it needs to include the expected profit being more than enough to cover the cost of hedging.

FAQs

  • What is the cash out feature?
    The cash out feature lets bettors close out unsettled wagers based on the live betting odds to ensure partial profits or minimize potential losses. Various cash out methods, including those of the partial and auto varieties, add a layer of customization to the function.
  • What sports betting sites let you cash out early?
    Nearly all sports betting sites let you cash out early using the traditional method of doing so immediately and in full. However, only a handful of online betting sites, like bet365 and Betway, provide partial or auto cash out options not in the form of existing customer promotions.
  • What is the best sports betting site to cash out with?
    bet365 is the best sports betting site to cash out with for every reason imaginable, including a long list of sports to choose from, competitive odds, multiple cash out methods, cash out specific promos, live streaming, and an EditMyBet option.
  • Do sports betting sites have cash out specific bonuses?

    More sports betting sites are beginning to offer auto cash out specific bonuses to existing customers. If a side gets up enough runs, points, goals, etc, the wager settles as a win, regardless of the final outcome.

AUTHOR
Damjan Jugovic Spajic

A soccer and eSports fan who always roots for the worst possible teams, Damjan is a resident writer and contributor at Minimum Deposit Betting Sites. With over 5 years of experience in the online casino and sports betting industry, he largely focuses on writing reviews and testing out bookmaker transaction processes.