Best Online Betting Sites with Cash Out

The cash-out feature has revolutionized online sports betting, giving you control over your on-going wagers like never before.

Whether you’re looking to lock in a win before the final whistle or use them as an ace up your sleeve when those so-called “sure bets” suddenly veer off course, cash outs can easily save your day - especially if you are a savvy bettor with a keen sense of game momentum.

But not all cash-out features are created equal. Some sites offer the full spectrum of cash out options, allowing you to cash out a percentage of your wager, implement automatic cash outs, or even edit your bet live. Others will only allow you to cash out select wagers in full.

Below we have ranked all the top cash out betting sites in the US, highlighting the key features and limitations of each to help you choose smartly.

As you can see in our mini-reviews above, betting sites that offer cash outs all have a different approach in how the feature works, and what you are allowed cash out.

In the table below, we compare how each sportsbook approaches cash outs, in order to help you easily choose the one that fits your preferences.

Cash outs in online betting are a game-changing feature that allows bettors to have greater control over their wagers. Unlike traditional betting, where you must wait until an event finishes to know whether you’ve won or lost, cash outs give you the option to settle your bet early.

By accepting a cash-out offer, bettors can lock in a portion of their potential winnings or recover part of their stake before the event reaches its conclusion.

The cash-out amount depends on real-time factors such as the current state of the event, the original odds, and the bet's likelihood of success at the time of cashing out.

Cash out payouts are often lower than the potential full win amount you would receive if you let the bet run to the end, but offer the security of a guaranteed outcome, and freedom to use your winnings right away.

The cash out feature is pretty straightforward to use, making it as easy as possible for bettors to end their bets within a moment's notice. However, there are plenty of complex and dynamic algorithms going on in the background, which calculate and adjust the payout of your bet hundreds of times during the match.

Key Factors Affecting Cash Out Offers

• Current Odds: If the odds shift in favor of the bettor, the cash-out amount increases. Conversely, if the odds move against the bet, the offer will decrease.
• Game Progress: The closer the event is to its conclusion, the more refined the cash-out calculation becomes.
• Risk Assessment: Bookmakers factor in potential swings in the game, particularly in sports like soccer or basketball, where momentum shifts are common.
  

Cash outs in online betting are not a one-size-fits-all feature. Different sportsbooks offer various types of cash outs to cater to the needs of diverse bettors. Below, we explore each type in detail, providing examples, as well as the pros and cons of using them.

The most straightforward type of cash-out feature, Full Cash Outs allow bettors to settle their entire wager early at the sportsbook's offered amount - effectively closing the bet. Once the cash out is accepted, you will immediately be paid out the agreed upon amount and the final result of your bet is no longer relevant.

Pros of Full Cash Outs:

• Guaranteed Outcome: Removes the uncertainty of waiting for the final result.
• Simple and Quick: No need to decide how much of your bet to withdraw—it’s an all-or-nothing choice.
• Effective for Risk-Averse Bettors: Ideal for those who prefer smaller but guaranteed profits.

Cons of Full Cash Outs:

• Lower Potential Earnings: You sacrifice the chance of winning the full amount if your initial bet succeeds.
• No Flexibility: Since it closes the entire wager, you don’t have the option to stay partially invested in the bet.
• No Promos: Any betting promotion associated with that wager (eg. bonus bets or parlay insurance offered) will become void.

Our favorite type of cash out, partial cash outs offer you even more flexibility, allowing you to withdraw a portion of your stake while leaving the rest active in the bet. Bettors can use this feature to secure some profit or minimize a portion of their losses while maintaining a vested interest in the outcome.

Pros of Partial Cash Outs:

• Flexibility: Allows you to balance security and risk by cashing out part of your stake while keeping the rest in play.
• Best of Both Worlds: You lock in some profit or recover part of your losses without completely giving up on your initial wager.
• Customizable Strategy: You can adjust how much of your stake to cash out based on your confidence in the outcome.

Cons of Partial Cash Outs:

• Reduced Total Winnings: The portion you withdraw means you’re giving up the full potential payout.
• Requires Judgment: Deciding how much to cash out can be tricky and might lead to regret if the final result goes your way.

The auto cash-out feature allows bettors to set predefined thresholds for cashing out and, when the sportsbook's cash-out offer reaches or exceeds the threshold, the system automatically settles the bet. This option is particularly useful for bettors who may not be able to monitor their bets closely during a game.

Pros of Auto Cash Outs:

• Convenience: No need to manually monitor the game or decide when to cash out - it’s automated based on your preferences.
• Emotion-Free Decision-Making: Eliminates the pressure of making split-second choices during the heat of the game.
• Ideal for Busy Bettors: Perfect for those who can’t watch the event live but want to secure profits or limit losses.

Cons of Auto Cash Outs:

• Missed Opportunities: If the cash-out offer surpasses your threshold before falling back, you might regret setting the amount too low.
• No Real-time Strategy: You don’t have the option to reassess your decision mid-game if conditions change unexpectedly.

A parlay cash out works in a similar way to regular cash outs, but it applies to multi-selection bets. Sportsbooks calculate a cash-out offer based on how many legs have been completed, the outcomes of those legs, and the likelihood of the remaining selections winning.

Bettors can choose to cash out early to secure guaranteed winnings or minimize losses, depending on the progress of their parlay.

Pros of Parlay Cash Outs:

• Secure Profits Early: Protect your winnings from earlier legs in the parlay, ensuring you walk away with a payout even if the remaining legs fail.
• Reduces Risk: Parlay bets are inherently risky, and a cash-out option can help you minimize the "all-or-nothing" nature of these wagers.
• Emotional Relief: Avoid the stress and heartbreak of seeing a single failed leg ruin your entire parlay.

Cons of Parlay Cash Outs:

• Reduced Total Payouts: The cash-out offer will always be less than the full potential payout, even if the remaining legs look promising.
• Timing Is Crucial: Deciding when to cash out is tricky, as you might regret it if the remaining legs all win.
• Lower Offers on Complex Parlays: If your parlay includes high-risk selections, the sportsbook might provide smaller cash-out offers compared to lower-risk combinations.

The Edit Bet feature enables users to modify various aspects of an active bet, such as adding, removing, or swapping selections, changing the type of bet (e.g., from single to parlay), or even adjusting the stake amount.

The feature is usually available for bets that are eligible for cash out, as the edit function relies on recalculating the new odds and potential payout.

Pros of Edit Bet:

• Correct Mistakes: Fix errors such as accidentally selecting the wrong team or including an unwanted leg in your parlay.
• Adapt to Changing Circumstances: Update your bets to reflect new information, such as injuries, team lineups, or weather conditions.
• Flexibility for Live Bets: Modify live bets to better align with the current state of the game, giving you more strategic options.

Cons of Edit Bet:

• Recalculated Odds: Changing your bet may result in lower odds and reduced potential payouts, as sportsbooks factor in the updated likelihood of success.
• Limited Availability: Not all bets are eligible for editing, and the feature might only be offered on specific events or markets.
• Requires Quick Decision-Making: The feature is often time-sensitive, particularly for live bets, so you’ll need to act quickly.

While they are a fantastic features for bettors, cash-outs are not guaranteed to be available in every situation. Several factors determine whether you’ll have the option to cash out a bet, and understanding these limitations can help you plan your strategy effectively.

• Type of Bet
  • Eligible Markets: Not all bet types or markets offer cash out. Common examples include single bets, parlays, and live bets. However, niche markets like prop bets or long-term futures may not support cash outs.
  • Specific Sports or Events: Popular sports such as football, basketball, and baseball typically allow cash outs, but smaller or less-covered events might not offer this feature.
• Game Status
  • Live Events: Cash outs are often available for live bets, but they may be temporarily disabled during critical moments in the game when odds are being recalculated. For example, during penalties, injuries, or timeouts DraftKings cash-outs are suspended.
  • Pre-Match Bets: Cash outs are usually available for pre-match bets before the event starts, but they may no longer be an option if the event begins and no live market is offered.
• Odds Fluctuations
  • Cash-out offers depend on constantly changing odds. If the sportsbook is adjusting odds due to new developments in the game, cash-out availability may be temporarily suspended.
  • For example, if a soccer team scores a goal or a player receives a red card, you might find your FanDuel cash out unavailable while they are recalculating odds.
• Sportsbook Policies
  • Platform Limitations: Not all sportsbooks offer a cash-out feature. Even among those that do, the rules and conditions for cash outs can vary widely.
  • Specific Promotions: Some bets placed using bonuses, free bets, or special promotions may not be eligible for cash outs.