What Is Cash Out in Sports Betting?
Cash Out lets you settle a sports bet before the event finishes. Instead of waiting to see whether your wager wins or loses, you can accept an amount offered by the sportsbook and close the bet early.
Say you place $50 on an NFL team at +150 odds. A win would return $125, including your original stake. But your team takes a commanding lead in the third quarter, and the sportsbook offers you $95 to cash out.
You have two choices: accept $95 and secure a $45 profit, or keep the bet open and collect $125 if your team wins.
How Does Cash Out Work?
Cash Out is available on selected wagers at most major US sportsbooks. If your bet qualifies, you’ll see an offer in the active bets section of your account.
The amount depends largely on the current likelihood of your wager winning. An NFL team taking the lead could increase the offer, while an injury or a comeback might reduce it. The sportsbook can also suspend Cash Out while the odds are being updated.
The amount displayed is your total return, not your profit. If you placed a $50 wager and accept an $80 offer, you’ve made $30.
Some sportsbooks also offer partial Cash Out, allowing you to settle part of a wager while keeping the rest active. This is particularly useful for parlays and futures, where a bet’s value can change substantially before the final result. Once a full Cash Out is accepted, the wager is settled. What happens afterward no longer affects your payout.
Which Sportsbooks Offer Cash Out?
All five sportsbooks featured in our LiveSportsOnTV comparisons offer Cash Out on eligible wagers, although there are differences in how the feature works.
| Sportsbook | What makes it different |
|---|---|
| BetMGM | Auto Cash Out lets you set a target amount |
| FanDuel | Full and partial Cash Out on eligible singles and parlays |
| Fanatics | Partial Cash Out and special FanCash rules for eligible Bonus Bets |
| Caesars | Documented early settlement for selected singles and parlays |
| BetRivers | Cash Out on eligible wagers; exact US partial-settlement availability not confirmed |
BetMGM – Set Your Own Cash Out Target
BetMGM offers Auto Cash Out, which lets you choose an amount you’d be willing to accept before the wager finishes.
For example, if you’ve placed $100 on an NFL team at +200, your potential return is $300. You could set an Auto Cash Out target of $200 and let the sportsbook attempt to settle the wager when that value becomes available.
BetMGM expanded its Cash Out capabilities ahead of the 2026 football season, including additional support for college football and live Same Game Parlays.
Auto Cash Out isn’t guaranteed to execute, even if the offer briefly reaches your target.
FanDuel – Keep Part of Your Bet Running
FanDuel supports partial Cash Out on eligible singles and parlays.
Rather than settling an entire $100 wager, you may be able to cash out a portion and leave the remainder active. The settled portion is no longer affected by the game’s result, while the rest can still win or lose.
FanDuel’s rules also explain that a request can fail if the market is suspended or the odds change before it is processed.
Fanatics – Cash Out and FanCash
Fanatics also supports partial Cash Out, but its treatment of promotional wagers is worth understanding.
Under its FanCash program, certain eligible bets placed using Bonus Bets can be cashed out for FanCash rather than withdrawable cash.
FanCash can be used for eligible rewards and betting credits, but it isn’t the same as money you can withdraw to your bank account.
Fanatics also excludes cashed-out wagers from earning FanCash under its standard earning rules, and cashing out can disqualify a wager from certain promotions.
Caesars – Cash Out Before the Final Leg
Caesars’ published Massachusetts sportsbook rules include a useful example involving a three-leg soccer parlay.
A customer bets $5 on West Ham, Everton and Tottenham. West Ham and Everton both win, leaving Tottenham as the final selection.
Under the example in Caesars’ rules, a Cash Out offer can become available before Tottenham’s match begins and remain available during the game, provided the relevant betting market stays open.
The customer can accept the offer instead of waiting for the final result. The rules also state that the amount is non-negotiable and can change before the transaction is completed.
BetRivers – Cash Out on Eligible Bets
BetRivers also offers Cash Out, although the availability depends on the wager and market.
Its exact current US partial Cash Out conditions are less clearly documented publicly than those of FanDuel and Fanatics. We therefore wouldn’t assume the same settlement options are available.
For BetRivers customers, the most reliable way to check eligibility is to look for a Cash Out offer on an active wager.
When Is Cash Out Worth It?
The important question isn’t simply whether the sportsbook is offering more than your original stake. It’s whether the amount is reasonable compared with the remaining value of your bet.
Suppose you have a wager that will return $200 if it wins. Based on the current odds, you estimate its chance of winning at 60%.
The simplified expected value is $200 × 60% = $120
If the sportsbook offers $130, cashing out could be attractive because you’re receiving more than your estimate of the bet’s value. If it offers $100, you’re accepting less than that estimate in exchange for eliminating the risk.
The calculation is only as good as your probability estimate, and sportsbook odds include a margin. Nevertheless, it provides a more useful starting point than simply looking at the profit shown on the screen.
Cash Out can also be reasonable when circumstances change. An unexpected starting pitcher in MLB, a late NBA injury or a quarterback being ruled out could affect your original assessment of a wager. Just remember that the sportsbook may already have adjusted its offer to reflect the news.
Cash Out vs. Hedging
Cash Out isn’t the only way to reduce your exposure. You can sometimes hedge by placing a separate wager on the opposite outcome.
For example, suppose you have $100 on an NFL team at +200, giving you a potential return of $300. The opposing team is now available at +150.
A $120 wager on the opponent would produce an $80 combined profit regardless of which team wins, assuming the two bets cover every possible outcome under compatible settlement rules. If your original sportsbook offers $170 to cash out, that guarantees a $70 profit instead.
Hedging would be more profitable in this example, but it requires another $120 in available funds. You also need to account for the available odds and settlement rules, particularly in sports where a draw is possible.
Why Can’t I Cash Out My Bet?
Even when Cash Out is available on a wager, the sportsbook doesn’t guarantee that it will remain available throughout the event. FanDuel specifically mentions injuries, pitching changes and certain periods between plays as situations where Cash Out can be suspended. You might see an offer disappear during a potentially game-changing NFL drive, for example, and return at a different amount after the next play.
Other reasons include ineligible markets, technical issues, changing odds and wagers approaching settlement. If you submit a Cash Out request, wait for confirmation that it has been accepted. Pressing the button alone doesn’t mean the bet has been settled.
How to Cash Out a Bet
-
Open your sportsbook account and go to My Bets or Active Bets.
-
Find the wager and check whether Cash Out is available.
-
Review the offer, remembering that it includes the returned stake.
-
Confirm the request and wait for successful settlement.
About the author
Senior Sports Betting Analyst
Dan Anderson is a Senior Sports Betting Analyst at Livesportsontv.com, specializing in NFL odds, bankroll management, and sportsbook promotions with over a decade of industry experience.