Pickswise Logo
HomeSports BettingSportsbooksBest Cash Out Betting Sites

Best Cash Out Betting Sites & Apps 2024

Written by: Phil Agius, Head of ProductionFact checked by: Luke Lindholm

Best Cash Out Betting Sites & Apps 2024

Table Of Contents:

The legalization of sports betting in numerous states has resulted in a significant increase in the number of sportsbooks in the market. In a quest to attract new customers, these betting sites are looking to offer features that sports bettors desire.

One of these features is the Cash Out option, which allows bettors to end their wager either pre-game or during the game to secure a profit. In this article, we will be evaluating the Cash Out betting sites based on several factors and showing you how to sign up for them to claim welcome offers.

🔥 Top 5 Cash Out betting sites

The table below contains the list of our top 5 Cash Out sportsbooks, along with the welcome offer that each provides and our score for the sportsbook. 

SportsbookWelcome Offer + CodePickswise Rating
FanDuel
Bet $5, Get $150 in Bonus Bets If Your Bet Wins
🏈🏈🏈		5/5
bet365
Bet $5 and Get $150 in Bonus Bets OR $1,000 Back If Your First Bet Loses
💰💰💰		4.9/5
Caesars
$1,000 First Bet on Caesars
🔥🔥🔥		4.8/5
BetMGM
$1,500 in First-Bet Protection
🦁🦁🦁		4.7/5
DraftKingsBet $5, Get $150 in Bonus Bets Instantly
👑👑👑		4.6/5

💸 Best Cash Out betting sites

This section will provide a brief summary of the important features of each of these top Cash Out betting sites. We’ll explain the factors that make these great sportsbooks and provide information on the new-user promos offered at each of them, so be sure to browse at your leisure!

This image has an empty alt attribute; its file name is Fanduel-1-1.png

#1 FanDuel Cash Out betting

FanDuel is a great Cash Out betting site thanks to a smooth mobile app that allows users to seamlessly navigate between the betting markets and their bets in progress. FanDuel has a tab labeled ‘My Bets’ which will display all of your current bets that are ongoing. With each bet, there may be a Cash Out option that would allow you to receive a potential profit while the bet is still in progress. Having fast Cash Out options can be a huge relief for new bettors, so if FanDuel Sportsbook sounds perfect for you, ✍ SIGN UP HERE ✍ for a new account. By using this link, you won’t need to enter a promo code.

🎁 FanDuel welcome offer

New customers can claim $150 in bonus bets from a $5 wager. Once your first bet settles, you'll receive your bonus bets so long as you meet the key terms and conditions. There is no odds restriction tied to your qualifying wager, so you can risk $5+ on any bet you'd like.

❓ Why you should bet with FanDuel

  • Fast Cash Out
  • Daily Fantasy
  • Same Game Parlay Markets
  • Daily Same Game Parlays with odds boosts

📍 What states is FanDuel available in?

AZ, CO, CT, IA, IL, IN, KS, KY, LA (permitted parishes only), MA, MD, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV or WY

This image has an empty alt attribute; its file name is Bet365-2.png

#2 Bet365 Cash Out betting

Bet365 is quickly garnering popularity in the US after being among the biggest sportsbooks in the rest of the world. bet365 was founded back in 2000 and has allowed millions of sports bettors in the UK, Australia and other countries to place bets at the sportsbook. When PASPA was repealed in 2018, bet365 expanded operations to the United States and has instantly become one of the best Cash Out betting sites due to its fast and reliable payment methods. If you’d like, you can BECOME A NEW MEMBER HERE 🎉 with bet365 and claim a juicy welcome deal without needing a promo code!

🎁 Bet365 welcome offer

New Bet365 customers can choose between two welcome offers. The first gives $150 in bonus bets from a $5 first wager, whatever its outcome. The second is first-bet insurance worth up to $1,000. You'll get your first bet back in bonuses if it doesn't win, up to the $1,000 maximum.

❓ Why you should bet with bet365

  • Impressive sports coverage and user-friendly platform
  • Live stream your bets
  • Early payout promotions
  • Good cash out options

📍 What states is bet365 available in?

AZ, CO, IA, IN, KY, LA, NC, NJ, OH and VA

This image has an empty alt attribute; its file name is Caesars.png

#3 Caesars Cash Out betting

Caesars Sportsbook is next on our list of best Cash Out betting sites. Caesars is extremely popular due to its Player Rewards program which provides some amazing benefits to current customers. For new customers, the Caesars sign-up bonus is among one of the best welcome offers around. Find out about Caesars Reward Credits system and an exclusive welcome offer you can earn by 🔗 USING THIS LINK 🔗 to create a new account with Caesars Sportsbook today!

🎁 Caesars welcome offer

Caesars is offering first-bet insurance to all new customers who sign up for a new account and place a first deposit of $10+. If your first wager loses, you'll get your wager amount back in a bonus bet worth up to $1,000. Just enter the Caesars promo code at sign-up.

❓ Why you should bet with Caesars

  • Rewards program with exclusive benefits
  • Odds boost page offering enhanced odds on select markets
  • Offer the biggest welcome bonus

📍 What states is Caesars available in?

AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, NY, OH, TN, VA, WV or WY

This image has an empty alt attribute; its file name is BetMGM.png

#4 BetMGM Cash Out Betting

Next on our list of best Cash Out betting sites is BetMGM Sportsbook, which allows the Cash Out option on select straight bets and parlay bets. BetMGM offers a huge selection of betting markets and competitive odds, making it extremely popular among bettors. With the BetMGM mobile app, sports bettors can monitor their wagers during the game to see if the option to Cash Out for early profit is available. In addition to offering the Cash Out option, BetMGM’s welcome offer is quite impressive, which you can claim now by CLICKING HERE 👈 to register for a new account right now!

🎁 BetMGM welcome offer

BetMGM Sportsbook's new-user promotion gives a $1,500 worth of first-bet protection. Make a first bet up to $1,500, and if that bet loses, you'll get it back in bonus bets.

❓ Why you should bet with BetMGM

  • Up-to-the-minute live betting markets
  • Easy-to-use mobile app
  • Promotions for existing customers

📍 What states is BetMGM available in?

AZ, IA, IN, KS, KY, LA, MI, NJ, OH, PA, VA, WV or WY

This image has an empty alt attribute; its file name is DraftKings-2.png

#5 DraftKings Cash Out Betting

Our final Cash Out sportsbook is DraftKings, which allows for early bet settling through the Cash Out feature. DraftKings is known for offering an exceptional experience via its mobile app, along with daily odds boosts that can lead to some big payouts. Get an amazing welcome deal from DraftKings when you JOIN DK SPORTSBOOK TODAY ⚡ and by using the link provided, you won’t need to enter any promo code when creating an account!

🎁 DraftKings welcome offer

New members who sign up for an account with DraftKings Sportsbook can claim $150 in bonus bets from just a $5 first bet, no matter the result of that first wager. You don't even need a DK promo code. After signing up and depositing $5+, you can wager $5 or more on any betting market without worrying if you win or lose, because you'll automatically earn 8 $25 bet credits from DK either way.

❓ Why you should bet with DraftKings

  • Variety of markets
  • Betting pools
  • Daily fantasy contests

📍 What states is DraftKings available in?

AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV or WY

🔢 How we rate Cash Out Sportsbooks

During our review of all of the Cash Out betting sites on the market, we made sure to grade the sportsbooks on the availability and key features of the Cash Out process.

SportsbookCash Out on Straight BetsCash out on Parlay BetsPartial Cash OutTime delay with Cash OutAuto Cash Out
FanDuel
✅✅❌✅❌
bet365
✅✅✅✅✅
Caesars
✅✅❌✅❌
BetMGM
✅✅✅✅✅
DraftKings✅✅❌✅❌

🤑 Cash Out on straight bets and parlays

With each of our Cash Out betting sites, the option to cash out exists on both straight and parlay bets. On straight bets, you may want to use the Cash Out feature to lock in a profit during the game. For example, the team you bet on may have a large lead at halftime and would allow you to earn an early profit if you wish to cash out. For parlays, you may have won a few legs of the parlay already and want to make sure that you make some money in case your last leg doesn’t win. Cashing out would allow you to do just that.

Partial Cash Out

The Partial Cash Out feature available at some of the Cash Out betting sites allows you to cash out a portion of your wager while leaving some of the stake still active. The benefit of this feature would be receiving some profit early, while still having action on the game. 

Time Delay with Cash Out

When using the Cash Out option, it’s important to know that there is an active time delay. This means that while the game is ongoing, your payout may be adjusted when you click the Cash Out button. The Cash Out request may be rejected and new odds apply, so pay attention if this occurs to you.

Auto Cash Out

A few of the Cash Out betting sites allow for Auto Cash Outs, which means that you can set a trigger on the Cash Out option if the value reaches a certain number. For example, you may be looking to cash out of a wager during the middle of the game, but only if the Cash Out value reaches $50. With Auto Cash Out, your bet will automatically be finalized if and when the profit amount hits your desired number.

🤔 How to choose a sportsbook for Cash Out

There are many factors to consider when selecting a Cash Out sportsbook, most simply being if the Cash Out feature is available. Our list of best Cash Out betting sites all offer Cash Outs on straight and parlay bets, which means these are all great options.

I would also encourage you to consider how often you might actually use the Cash Out feature, which depends on your risk tolerance. If you are the type of bettor that wants to ensure a profit whenever possible, you will want to pick a Cash Out betting site that allows for frequent and partial Cash Outs. If you tend to let your bets ride all the way to the end of the game, you may not need all of the added features of some Cash Out betting sites.

⚖️ Are these Cash Out sportsbooks legal and legit?

Yes, all of our Cash Out betting sites are legal and legit. Online sports betting was legalized in the US in May 2018 and has since been granted legal status in several states across the nation. As long as you meet the minimum age requirement of 21 years and are physically present in one of the eligible states, you are eligible to register with a sportsbook and begin making and cashing out bets now. See the full list of states available for legal sports gambling below:

FAQs

What is the Cash Out feature?

The Cash Out feature allows bettors to settle their wagers early, locking in profits or cutting their losses based on the likelihood of the bet being a winner.

Yes, using the Cash Out feature at sportsbooks is legal anywhere where online sports betting is legal. For specific details regarding the Cash Out feature, it is best to read the terms and conditions of each Cash Out sportsbook.

The Cash Out value at each sportsbook may vary based on the pregame odds, live odds, and the mathematical calculation used by each Cash Out betting site.

Phil Agius

Head of Production

Phil has been writing about the NFL and a host of other sports for the UK's top daily betting paper the Racing Post for more than 20 years. An incurable Browns fan (1-31 survivor), he also specialises in all kinds of motorsport betting including F1, MotoGP, IndyCar and NASCAR.

Social accounts:

philagius