Best Betting Sites for Cash Out

All the top betting sites that offer cash out

Cash out betting sites

The days of waiting for a game to end to receive your winnings are behind you. Today, the possibility to cash out your winnings at any time is standard practice for most online betting sites.

'Cash Out' only refers to closing a bet, and is not the same as a withdrawal. If you are looking for information on that, check our payment methods page.

Top 7 Cash Out Betting Sites

Caesars Sportsbook

  • Partial & full cash out options
  • Highly reputable gambling brand
  • Many boosts and promo offers
  • Perfect for betting on major US sports
  • Limited market selection
  • Different promos in each state
Sign Up Bonus
Risk Free Bet up to $1,500
Claim Go to website

AZ/CO/IN/IA/IL/LA/MI/NJ/TN/VA/WV only. NV bonus is Bet $50, Get $50.

Website: williamhill.com/usFounded: 1996
Owner: Caesars Entertainment, Inc.Headquarters: Reno, Nevada, U.S.
Caesars Sportsbook home
Caesats Sportsbook live
Caesars Sportsbook app

Overall Rating

Author: Ben Smith Ben Smith

Caesars Sportsbook is a rebranded version of William Hill, which is one of the oldest bookmakers in the world. With a history dating back to 1934, the company has established itself in the UK with its high-street offering and more recently the online betting site which is now expanding into new markets. In 2021, William Hill was acquired by Caesars, and a rebrand was completed in August of that year.

The Caesars Sportsbook & App are legal in Arizona, Colorado, Illinois, Indiana, Iowa, Louisiana, Michigan, Nevada, New Jersey, New York, Tennessee, Virginia, Washington D.C., and West Virginia.

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FanDuel Sportsbook

  • Same Game Parlays & Cash Out
  • Top iOS & Android betting app
  • Leading odd and betting features
  • Numerous promos and offers
  • Separate DFS account
  • Slow customer service
Sign Up Bonus
Risk Free Bet up to $1000
Claim Go to website

AZ/CO/CT/IL/IN/IA/LA/MI/NJ/NY/PA/TN/VA/WV only.

Website: sportsbook.fanduel.comFounded: 2009
Owner: Flutter Entertainment plcHeadquarters: New York City
Fan Duel Sportsbook
Fan Duel Sportsbook App
Fan Duel Casino

Overall Rating

Author: Mason Kelliher Mason Kelliher

Often compared to the DraftKings Sportsbook - the other big US betting site that started with fantasy sports - we think that the FanDuel Sportsbook is slightly better because they have one of the best betting apps on the market, plenty of daily promos and boosts, and a ton of betting options, many of which are eligible for same game parlays and cash out. Overall, FanDuel is certainly one of the biggest and best foreign-owned betting sites in the USA.

The FanDuel Online Sportsbook & App are legal in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, New York, Pennsylvania, Tennessee, Virginia, and West Virginia.

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PointsBet

  • Huge variety of betting options
  • Full and partial cash out
  • Daily boosts, free bets & rewards
  • Single Game Parlay for US Sports
  • No phone support
  • Online casino only in MI & NJ
Sign Up Bonus
2 Risk Free Bets up to $2000
Claim Go to website

CO/IL/IN/IA/MI/NJ/NY/PA/VA/WV only.

Website: pointsbet.comFounded: 2017
Owner: Pointsbet Holdings LtdHeadquarters: Denver, CO
Points Bet Sportsbook
Points Bet App
Points Betting

Overall Rating

Author: Mason Kelliher Mason Kelliher

As one of the fastest-growing betting sites in the world, PointsBet boasts the best odds for US Pro Sports, unique ‘Points Betting’ & ‘Name-a-Bet’ options as well as daily free bet & boosted odds offers. With many different ways to bet, a super simple betting app, & additional features like parlay betting, cash out & live betting, PointsBet is perfect for beginners & more experienced bettors.

The PointsBet Online Sportsbook & App are legal in Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, New York, Pennsylvania, Virginia & West Virginia.

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BetMGM

  • Edit or cash out your active bets
  • Accepts Skrill deposits & withdrawals
  • Many promos including weekly free bet
  • Among the best one-game parlays in the US
  • $20 minimum withdrawal
  • Limited customer support
Sign Up Bonus
$1000 Risk Free Bet
Claim Go to website

AZ/CO/DC/IL/IN/IA/LA/MI/MS/NV/NJ/NY/ OR/PA/TN/VA/WV/WY only.

Website: betmgm.comFounded: 2018
Owner: MGM Resorts InternationalHeadquarters: Paradise, Nevada
Betmgm home
Betmgm app
Betmgm live

Overall Rating

Author: Ben Smith Ben Smith

BetMGM is the online gaming platform of one of the most recognizable American hospitality and entertainment companies, MGM Resorts. The site was created in collaboration with Entain (formerly GVC Holdings), which is the owner of top European betting sites such as Coral, Ladbrokes, and Bwin. With Jamie Foxx as the face of the brand, BetMGM is serious about being one of the biggest betting sites in the US, and there is no doubt that its app, betting markets, and features make it a world-class operator.

The BetMGM Online Sportsbook & App are legal in Arizona, Colorado, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Virginia, Washington DC, West Virginia, and Wyoming.

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Bet365

  • Bet builder for NFL, NBA, soccer, tennis
  • Full, partial, auto cash out & edit bet feature
  • Best live sports streaming options
  • Huge betting market selection
  • Not widely available
  • No odds boosts
Sign Up Bonus
Bet $1 & get $200 in Free Bets
Claim Go to website

New customers only. NJ only.

Website: bet365.comFounded: 2000
Owner: Hillside (sports) ENCHeadquarters: Stoke-on-Trent, England
Bet365 betting USA
Bet365 app
Bet365 sportsbook usa

Overall Rating

Author: Ben Smith Ben Smith

Widely considered one of the best sportsbooks on the planet, Bet365 has brought its offering to the US. Starting with New Jersey, and soon to be available in New York and Colorado, Bet365 brings with it the best overall selection of sports betting that you’ll find anywhere. The parlay builder, Asian lines, and live betting offering are among the main features that attract users all over the world to Bet365.

The Bet365 Online Sportsbook & App are legal in New Jersey.

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Unibet

  • Many betting options for non-US sports
  • Cash out available for many sports
  • Easy to use, great for beginners
  • Stats & play-by-play graphics for live betting
  • First withdrawal can be slow
  • Lacking regular promos
Sign Up Bonus
$500 Risk Free Bet
Claim Go to website

$500 in PA/VA only. $250 in AZ/IA/IN/NJ.

Website: az.unibet.com, ia.unibet.com, in.unibet.com, nj.unibet.com, pa.unibet.com, va.unibet.comFounded: 1997
Owner: Kindred GroupHeadquarters: New York City
Unibet Sportsbook
Unibet App
Unibet Casino

Overall Rating

Author: Ben Smith Ben Smith

Since launching in Europe in 1999, the Unibet Sportsbook has gone from strength to strength & is now widely regarded as one of the best & most innovative betting sites in the world. Unibet’s key strengths are its usability, range of bets, generous promotions, live betting options, & expert betting tips. With a transparent support team & controls to promote safe & responsible gambling, Unibet is undeniably one of the best sportsbooks for Americans.

The Unibet Sportsbook & App are legal in Arizona, Indiana, Iowa, New Jersey, Pennsylvania & Virginia.

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BetRivers

  • Live streaming for smaller sports
  • Buy Out options for active wagers
  • Match stats, tips & predictor
  • Good variety of betting options
  • Boosts & promos are infrequent
  • Crowded, unattractive sportsbook
Sign Up Bonus
100% Deposit Bonus up to $250
Claim Go to website

AZ/CO/CT/IL/IN/IA/LA/MI/NJ/NY/PA/VA/WV only.

Website: betrivers.comFounded: 2019
Owner: Rush Street InteractiveHeadquarters: Chicago
Bet Rivers Sportsbook
Bet Rivers App
Bet Rivers Casino

Overall Rating

Author: Mason Kelliher Mason Kelliher

BetRivers is powered by Kambi (same as Unibet & 888sport) meaning there's plenty of betting options and good odds. Despite this, BetRivers also has much room for improvement. The BetRivers sportsbook is crowded, hard to navigate and the BetRivers app is slow and clunky. Still, with a decent sign up bonus, live streaming, sports tips and predictions, and a solid online casino, BetRivers is a nice addition to your online betting site portfolio.

The BetRivers Sportsbook & App are legal in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, New York, Pennsylvania, Virginia & West Virginia.

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Frequently Asked Questions About Cash Out

Cash Out is a relatively straightforward concept, but there are still some things you need to understand. Most of that can be found in these FAQs.

🔎 What is cash out?

Cash out is a feature that lets you secure a win or limit a loss, by closing the bet before the event is over. This is almost always done at a reduced rate, but hey, at least you can guarantee some winnings and avoid losing it all if something really unexpected derails the end of a game.

ℹ️ Which betting sites offer cash out?

Almost all betting sites today offer a cash out feature, but our top choices are:

  1. Caesars Sportsbook
  2. FanDuel Sportsbook
  3. PointsBet
  4. BetMGM
  5. Bet365
  6. UniBet
  7. BetRivers

💡 Why should I use a cash out feature?

If you are happy with the settlement offered by the betting site, then you should cash out. This should be the case if the team you backed in a single bet is winning with little time left, or your accumulator is set to win with just one event left to run. Or, you might be happy to cash out for a loss if your bet isn't going well and you don't want to lose your entire stake.

❓ What is partial cash out?

The partial cash out feature lets you cash out part of your bet while letting part of it continue to be in play. The betting sites may have a slider that lets you determine how much you want to cash out and how much of the bet you want to keep active.

⏱️ Can I cash out before an event starts?

Only a handful of betting sites, including Bet365 and Unibet, allow you to essentially cancel your bet via cash out before the event has started. Of course, the odds will need to be the same as they were when you placed the bet.

❌ When is it a bad idea to cash out?

If the cash out settlement offered does not reflect the true value of the bet, then you shouldn't cash out. It might even be better to simply back the other team or athlete where applicable, and that way you are still hedging.

Cash Out Betting Sites

Cash out a great feature from several points of view. It can be used for both securing a win early, or limit a loss if the bet you placed is going down the hill. This makes it very useful in many scenarios.

Different betting sites offer the cash out feature to different extents.

Different betting sites offer the cash out feature to different extents. Therefore, we at Bookiesbonuses have listed our absolute favourites among the betting sites’ cash out features. If you are a fan of using cash out, check out the betting sites in our list.

cash out betting sites

Best betting sites for cash out

Caesars Sportsbook Cash Out

Risk Free Bet up to $1,500

  • Full and partial cash out
  • Easy to use

Caesars Sportsbook offers both full and partial cash out, on both single bets and multiples. Which is great, because it means you're somewhat covered on just about everything.

Claim $1500 offer

AZ/CO/IN/IA/IL/LA/MI/NJ/TN/VA/WV only. NV bonus is Bet $50, Get $50.


Bet365 Cash Out

Bet $1 & get $200 in Free Bets

  • Take control and close your bet completely or partially
  • A great betting site for Cash Out

The world’s largest betting site, bet365 was first with the Cash Out function and is still one of the best. The Cash Out function is available for all single and combination bets at bet365. The function applies to both pre-game and live bets. At bet365 you also have the opportunity to close bets partially which only a few other betting sites offer. To add to that, Bet365 has the best automatic cash out on the market. With the automatic cash out you can set a fixed sum and if the value of the cash out reaches it, your cash out will be made automatically.

Claim $200 offer

New customers only. NJ only.


PointsBet Cash Out

2 Risk Free Bets up to $2000

PointsBet has pioneered some incredibly innovative sports betting - specifically through their PointsBetting system. Bu they are also one of the few betting sites that allows partial cash outs on your bets.

With their incredibly handy slider tool on the cash out menu, you get to pick exactly how much of your bet you want to pull, and how much you want to let ride to see what happens. It's a great way to cover your initial wager and still hope for profit.

Claim $2000 offer

CO/IL/IN/IA/MI/NJ/NY/PA/VA/WV only.


Full cash out vs partial cash out

The standard practice for bookmakers when it comes to the cash out feature has been to only offer a full cash out. This means that you can receive a suggested amount of money if you close your bet. And it is either all or nothing. 

Some bookmakers, such as Caesars and PointsBet offer their customers a so-called "partial" cash out. This means that you can close part of your bet while letting the remaining part live.

An example of this is a soccer bet where your team is up 1-0 at half-time. You placed a $10 bet before the game at +300. If you let the bet stand, you would win $30. You still think they will win, but the betting site offers you a partial cash out, where you can cash out your initial wager of $10 and still have a chance to win $15, instead of $30. This is a partial cash out, since you let part of the bet stand while cashing out the other part. Not. bad way to cover a loss on any potential game changing events.

Pointsbet partial cash out

PointsBet lets you decide how much you want to leave on your wager

Whether a partial cash out is worth it or not, is of course situational. But it is always nice to be given as many options as possible when it comes to betting. The more power in your own hands, the better.

Partial cash out betting site

PointsBet Cash Out

You decide how much to cash out

  • Full and partial cash out
  • Cash out in the sportsbook
  • easy to use slider

PointsBet has got a huge following and a great reputation. Mainly due to the fact they offer a sportsbook with a great welcome offer and unique features. PointsBet offer you both full and partial cash out through a simple slider tool, and the feature is available on desktop and mobile device, via website or betting app.


Cash out in betting apps

In general, there is no difference between cashing out on a desktop or in the app on your smartphone

Some betting sites might offer a more comprehensive version on the desktop, but those days are mostly behind us. 

Today, the paradigm is “mobile-first” and to that end, bookies tend to offer even more things on the mobile in terms of offers and features to give them an edge.

Best Cash Out Betting App

FanDuel Cash Out

Risk Free Bet up to $1000

FanDuel undoubtedly has one of the sleekest and easy to use mobile apps for both iOS and Android.

And when it comes to using their cash out feature on the betting app, the simplicity sets it apart once again as the top mobile betting app.

Claim $1000 offer

AZ/CO/CT/IL/IN/IA/LA/MI/NJ/NY/PA/TN/VA/WV only.


Cash out Strategy

As a general rule, cash out is always to the betting sites' advantage. Over time, they make more money by offering the cash out option and hedging their potential loss if your bet would have paid out. 

That is because they pay out less in relation to what your bet is “worth” at the point of cashing out. There are, however, some instances where a cash out-function can be valuable.

Parlays

Let’s suppose you have placed a 5-leg parlay on four NBA upsets and one “safer” bet. The four upset games are played on Saturday and somehow you are correct in all the games. 

That means you have 4/4 with one game remaining on Monday. If you have the possibility to cash out, now is the time. The winnings from the cash-out, although less than if your 5-fold wins, has a lot of value. The risk vs. reward, in this case, outweighs the amount you might lose. 

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