DraftKings 'Cash Out Suspended' - What does it mean?
When betting on DraftKings Sportsbook you may have encountered the 'Cash Out' Feature on your betslip. Allowing you to end a bet early before the outcome of the event is decided, Cash Outs offer you the chance to lock in profits or mitigate your losses on an ongoing match.
However, if you're here, you most likely have encountered a problem when trying to cash out your bet: The usually yellow Cash Out button is greyed out with a 'Cash Out Suspended' message.
But what does this suspension mean for you?
A suspended cash out means that, at the moment, you're unable to end your bet early at the offered amount, as the live market for your bet - or one of your picks in the case of a parlay - is currently on hold by the bookmaker.
Why are Cash Outs Suspended on DraftKings Sportsbook?
Cash outs on DraftKings Sportsbook can be suspended for a variety of reasons, all boiling down to uncertainty or volatility in the game's outcome that affects the bookmaker's ability to set a fair cash-out price. These reasons can include:
🌀 Live Game Volatility | In the heat of the game, odds can fluctuate wildly due to key player injuries, penalties, or sudden weather changes. Bookmakers need time to adjust the odds accordingly. |
🔧 Technical Updates | Sometimes, the platform needs to update odds or perform technical maintenance, leading to a temporary suspension of cash out options. |
⚖️ Regulatory Compliance | Legal and regulatory frameworks may require suspending cash out options to ensure fair play and adherence to betting laws. |
No matter the specific reason, it is important to understand that the early cash out option offered by DraftKings Sportsbook will not be available to customers 100% of the time, as bookmakers reserve the right to withdraw the cash-out option at any time.
Is DraftKings rigging my bet by not letting me cash out?
While it might feel to some players that cash-outs being suspended are a way for the platform to undercut your winnings, the truth is much less nefarious than that.
Most of the times cash outs are suspended only momentarily, while the oddsmakers are able to recalculate odds to adjust to major events in the game, or while they wait for a key moment to play out before re-opening the live markets.
When Can I Cash Out My Bets on DraftKings Sportsbook?
Cash outs on DraftKings are a flexible feature designed to give bettors more control over their wagers, but they're not available for every bet or at all times. For those wondering when they can take advantage of this feature, it's primarily available for selected betting markets, including pre-game, live, futures, and parlay bets.
However, the availability of the cash out option can vary greatly depending on the specific event you've wagered on and even your geographical location.
It's worth noting, though, that not all bet types offer this exit strategy. Specifically, player props are generally excluded from direct cash outs unless they are part of a parlay—and even then, cash outs on the parlay are only available if the player prop games have already been completed.
Typically, cash out options are most commonly available for Moneylines, Spreads, or Over/Under wagers
DraftKings Cash outs are most likely to be available in the following conditions:
- The Event Is Not Too Close to Conclusion: If the game is in its final moments, the likelihood of the cash out option being available decreases significantly.
- The Market Is Still Open: For most bets, if the market you've bet on is still open and not suspended for any of the reasons mentioned above, you should be able to cash out.
- You're In a Winning Position: This isn't a hard and fast rule, but often, if your bet is looking like it'll pay off, the cash out option is more likely to be available—provided none of the suspending factors are in play.
The best way to determine if your bet is eligible for a cash out is to look at your bet slip or visit the 'My Bets' section on DraftKings. If your bet qualifies, you'll see a yellow Cash Out button, signaling that you can opt to settle your bet before the conclusion of the event.
It's important to keep in mind that cashing out is essentially a bet in itself—it's a decision you make based on your prediction of how the rest of the game will unfold. Sometimes, holding on a little longer could mean a bigger payout, but it also comes with the risk of losing it all.
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DraftKings Cash Outs Suspended FAQ
If you are getting the message "Cash Out Suspended" when you try to cash out your wager, this means that DraftKings Sportsbook is currently not allowing players to prematurely end their wagers on this particular event.
DraftKings Sportsbook may suspend their cash outs for many different reasons - outlined previously in this article - but most of the times suspensions are only temporary, while the bookmakers are able to adjust their lines to new game conditions, or while instances of great volatility resolve themselves (Ex. Injuries, penalties, play reviews).
Cashing out a parlay bet on DraftKings Sportsbook can be particularly tricky. Due to the compounded nature of these bets, even a single suspended market within your parlay can affect the availability of a cash out option for the entire bet. This is because the overall odds of the parlay, and thus the cash out value, depend on all individual selections within the parlay being active and not suspended.
Whenever you get the DraftKings "Cash Out Suspended" message on your parlay, check which of your selections is currently suspended. Once that market is resumed, you should be able to cash out your parlay once again.
Unfortunately, if you are getting the greyed out "Cash out Suspended" button on your bet there isn't much more you can do but wait.
If the cash out is suspended because of an action in the game or because the bookmakers are in the process of updating the odds, then the availability of the cash out option will probably return shortly.
If, however, the game you bet on is in its dying stages or your wager has little to no chance of winning, then its probably time to call it a day and walk away, as there is little chance the option to cash out will return.
Possibly! Most of the times, Cash outs are only suspended temporarily in order to give the bookmakers the time to adjust the odds.
However, in some occasions - especially around the end of the match - they may choose to suspend the cash out on your bet permanently, as that particular live market is closed.
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