FanDuel Introduces Innovative New ‘Cash Out’ Option

Updated: January 2024

✅Fact Checked by: Michael Savio

At FanDuel Sportsbook, you’ll have access to one of the best features of any online betting website - The FanDuel Cash Out Option

Introduced in 2018 alongside its top-tier mobile app, the cash out feature became a revolutionary tool that began sprouting up at other online sportsbooks.

The concept of cash out is simple—exit a bet before the final result. This can be used in two ways:

1. You’re winning your bet but want to exit it early so you don’t risk the outcome.
2. You’re losing your bet and want to escape a bad beat and salvage some of your original wager.

Using this tool, it’s pretty simple. Below, we’ll cover the following:

• How to cash out on the FanDuel app
• FanDuel cash out eligibility
• FanDuel cash out calculator
• FanDuel cash out rules
• Other online sportsbooks that offer live betting cash out
• And more

Simply put, ‘Cash Out’ allows you to get money back on your bet before the event on which you have placed a wager is over.

The amount of money you will get back will be determined at the time of cashing out. Naturally, the amount will depend upon the likelihood of that bet winning or losing – it could potentially be greater or less than the initial stake.

The ‘Cash Out’ option will be offered as part of ‘in-running betting’, also known as ‘in-play’ or ‘live betting’. These types of wagers are usually placed while the event to which the bet relates is actually taking place.

Examples include placing a wager on a football game that has already kicked off or betting on a horse race while the race is being run.

Cash out before the end of the event if you feel your bet is not going to work out.

As the status of bets is updated in real time, sports bettors can wait for the next pass rush, basket made strikeout, or any ensuing play to determine the best and most opportune moment to cash out.

You’re not always going to get it right, but, you’ll certainly end up winning more bets than you did previously without the ‘Cash Out’ option.

FanDuel’s ‘Cash Out’ option will not be available for every bet. For all markets that support the Cash-Out option, you will see an icon that looks like this:

If you decide it really is your thing, you can literally choose to make only ‘Cash Out’ wagers if you so desire.

The ‘Cash Out’ button on the bottom of the FanDuel Sportsbook page allows sports bettors to choose when they may wish to take advantage of the feature

How Does FanDuel Cashout Work?

To be very clear, and don’t be confused, the FanDuel Cash Out Option has nothing at all to do with the withdrawal of your winnings.

Consult the FanDuel sportsbook review if you are looking for information on withdrawing funds and to check which withdrawal methods are available to you.

FanDuel’s Cash Out is simply a method of backing out your live in-play wager should you feel your bet may lose or your wager will become a losing one.

To all intents and purposes, cash out is kind of like bet insurance; getting out of a losing wager before it turns too bad and simply limiting the potential damage of a loss is the essence of the FanDuel Cash Out Policy.

When Is The Cash Out Option Available? 

After making your bet, you’ll want to visit your bet slip/bet history while the game progresses. On the page, if cash out is available, FanDuel online Sportsbook will offer it to you. 

This feature can be used on most bet types, but FanDuel Sportsbook does have some discretion over when it’s available.

How Do I Trigger The Cash Out Option?

To trigger the cash out option, again, it’s pretty easy. When you’re on the betslip and see that cash out is available, you will be offered a " Cash Out Value" that you can click on this and begin the process.

FanDuel online Sportsbook will prompt you to ensure you want to cash out. 

When they do this, confirm you want to cash out, and the funds will hit your bankroll immediately.

It is super important to remember that the cash out value can change instantly, depending on what is happening in the game.

How Much Money Do I Get Back When I Use FanDuel’s Cash Out Offer?

If accepted by the FanDuel trading team (and most cash outs are), the full value of your cash out that was originally shown as your ‘Cash Out Value’ at the beginning of the process (remember the total you saw right before you clicked on the green button in ‘Active Bets’)  will be transferred back into your FanDuel wallet instantaneously.

Why Does FanDuel Let You Cash Out Early?

While the FanDuel cash-out option may seem like a complete win for bettors, it actually benefits FanDuel Sportsbook as well

Think about it like this—for example, if you have a three-leg parlay and you have won two legs, FanDuel Sportsbook will generally offer a cash out amount because they’re hedging their losses if the third leg also succeeds

So, instead of paying out parlay odds of +1200, they may only be paying something equivalent to +500, thus saving themselves money.

Also, suppose you exit a bet early because you’re losing. In that case, the chances are you’ll try to wager that money again, giving FanDuel Sportsbook another crack at winning and taking those funds or another portion of that.  

Cash-out betting can be used to your advantage, but remember that there is an angle here for FanDuel Sportsbook.

We looked at a brief example above with the parlay wager, but let’s look at some other examples of cashing out early.

• You bet $10 on a pre-game wager of the Patriots -3 over the Steelers. At halftime, the Patriots are winning 21-0. Since the spread is three points and the Patriots lead by 18 (through the lens of the spread), you’re in an excellent position to win. The sportsbook could then offer a cash out price of, for example, $18.  
• Let’s look at the same game but from a losing angle. Say the Patriots are down 28-3 at halftime. Well, you’re wagering is not looking great, as they’re behind by 28 points when looking at it through the spread. Thus, you can cash out for $2.22 instead of your $10 wager.

Deciding whether or not to cash out can be complicated, and the context of the game is what matters most. With that, we’ll create two FanDuel cash out examples below, one for winning and one for losing, to provide some insight as to what your thought process could/should be.

• You bet $120 on the Ravens' moneyline of -120. They head into halftime with a lead of 21-17, but right before halftime, Ravens quarterback Lamar Jackson was injured, and he may not come back into the game.Yes, you were winning your bet when this happened, but the quarterback is injured, and his replacement isn’t as good. You look at the cash out page and see that you can cash out for $175 (your $120 wager and $55 in winnings). You should consider cashing out because the lead isn’t that large, and the quarterback is leaving the game.
• You bet $100 on the Seahawks moneyline of +150 against the San Francisco 49ers. It’s the start of the fourth quarter, and the Seahawks are down 28-21. However, on the first snap of the quarter, 49ers running back Christian McCaffrey came up limping and headed to the sideline. At that point in the game, he’s had 180 total yards and two touchdowns. You look at the cash out, and you see that you can exit the bet now, but you’ll only get $40 back from your initial $100 wager. In this case, we’d recommend passing on cashing out because the Seahawks, in this example, have shown they can score with 21 points, and a big part of the 49ers’ offense just went to the sidelines. Ride it out and hope for a turnaround.

FanDuel’s ‘Cash Out’ does more than simply enable you to cut your losses. ‘Cash out’ aims to make sports betting a far more interactive experience than has ever been possible before.

The interactivity of the ‘Cash Out’ feature, allowing customers to take full control of their betting destinies, might well be the biggest selling point of the FanDuel initiative.

Players love the ‘Cash Out’ betting feature. It makes betting far more entertaining and enables the player to ‘close’ their bet, so that they can bet on another game.

It’s a win-win. Players get to bet again and FanDuel buys back the bet at better than market value.

Don’t be annoyed by a last-second 3-pointer, ‘Hail Mary’ touchdown pass, or bottom of 9^th game slam ever again.

FanDuel Sportsbook’s Introductory ‘Cash-out’ Promotion

When this feature was first introduced, FanDuel came out with the ‘Cash In With Cash Out’ promotion limited to one wager-per-person (physically located in New Jersey) for those sports bettors looking to capitalize on a potentially losing wager, cash out their winnings, and earn $10 in site credit.

Simply by clicking the Cash Out button whilst in live betting mode, users were able to receive the free site credit.

In addition to FanDuel Sportsbook, other sites offer cash-out betting as well. What’s great about the cash-out feature is that the utilization of it is pretty much the same no matter what online sportsbook you play at. 

The process is the same—go to your betslip/bet history, monitor your active wagers, and see if it’s available.

Some of the legal sports betting sites that also offer cash out include the following:

• DraftKings Sportsbook
• BetMGM sportsbook
• Unibet Sportsbook
• Borgata Sportsbook
• bet365 Sportsbook

So, whether you’re using the DraftKings cash out, Borgata Sportsbook cash-out, bet365 Sportsbook cash out, the BetMGM cash out option, or even the Unibet Sportsbook cash out option, the way to go about using the feature is the same