FanDuel, one of the leading sports betting providers in the American market, has a feature that distinguishes it from other sportsbooks. To have a better chance of winning, you can stop your bet early by using FanDuel’s Cash Out option.
The DFS-turned-sportsbook operator implemented FanDuel sportsbook’s cash-out feature when it debuted its mobile betting App in 2018. This feature allows sports bettors to reduce their losses and increase their winnings.
How FanDuel Cash Out works
The basic principle of “Cash Out” is that it allows consumers to receive their bet money before the conclusion of the event they have wagered on. When cashing out, you will order the amount of money you will receive back.
The amount will also be calculated, as you would expect, by the current probability of that bet winning or losing. The amount you receive back if you use FanDuel’s early withdrawal option may be more or less than the original bet.
For example, you can bet on the Super Bowl using your FanDuel NY account. You can use the online bookmaker’s cash-out tool to reduce your losses and at least recoup some of the wagers if it looks like the game is not going in your favor.
SBK’s cash-out feature is accessible during live betting. These bets are placed on an event that is happening at the time. Players see these bets as an entertaining method of winning Cash on FanDuel.
For example, you can bet on an NFL game that is in progress after analyzing the kickoff, affecting how you anticipate the game will unfold, and employing the Cash-out gives you the option to cancel a bet if it does not go as planned.
The Cash-Out Process
Simply put, the player has the option to withdraw his bet before the conclusion of the game. The bettor can minimize his losses and stop the bet if it appears that a certain loss is imminent. The player may also lock in his winnings if he is ahead in the game.
Before the event’s conclusion, you have decided that; you can cash out and settle a bet for a certain amount. You will be presented with a “Cashout Value” if your wager qualifies for a cashout. The Active Bets area of your bet slip will clearly show this value.
First, view the active bets. Open the “Active Bets” tab on the bet slip after placing a bet, and you will see the green Cash Out button with the corresponding Cash-Out value for any bet eligible for a Cash-Out.
Next is to check the cashout, where you will be asked to confirm that you want to cash out your bet after clicking on the Cash-Out option. To finish, you do the review and approval of the merchants, analyze the withdrawal request when you confirm it, and decide whether to approve or reject it.
What happens next?
If accepted, the money will be quickly transferred to your wallet as a win, and the bet will appear as “Cashed out” in the settled bets tab. The status of the bet determines how much you can naturally cash out.
According to FanDuel, its value depends on “whether you are ahead or behind and by how much.” Real-time updates to Cash Out options throughout the game allow players to strategically choose when to take their winnings and go or cut their losses.
You can cash out not all bets on FanDuel, and those bets have a button at the bottom of the page.