FanDuel Cash Out – What It Is and How to Use It

How Does FanDuel Cash Out Work?

The fundamental premise behind ‘Cash Out’ is that it allows users to get money back on their bet before the event you have wagered on is over. The amount of money you get back will be sorted at the time of cashing out. Additionally and unsurprisingly, the amount will be determined on the current likelihood of that bet winning or losing. If you decide to use the FanDuel cash out early option, the money you get back could be greater or less than the initial stake.

For example, you could have a FanDuel NY account and place a bet on the Super Bowl. The match doesn’t look like it is going your way, so you can use the cash out feature on the online sportsbook to cut your losses so you at least get something out of the wager.

The cash out feature is offered as part of live betting or in-play betting. These are wagers that are placed on an event that is currently taking place. For example, you could bet on an NFL game that has already kicked off after you have assessed the beginning. This may influence how you feel the game will go, and using cash out gives you an option of getting out of a bet if the match doesn’t start how you thought it would.

Cash out allows you to settle a bet before the end of a sporting event if you feel your bet is not going to win. Because the status of the wagers is updated in real-time, sports bettors can wait for the next significant action to take place, such as a basket made or field goal attempted to determine the most opportune moment to cash out and cut your losses.

Like with any form of gambling, you won’t always be correct. However, by choosing the ‘cash me out’ option, you will win more bets than you would if cash out on the app wasn’t an option. Please be aware that FanDuel’s ‘Cash Out’ option is not available for every bet. However, if you are only interested in using this option, you can choose to make just ‘Cash Out’ wagers if you wish.

The FanDuel sportsbook website and the app have an active bets tab alongside a cash out button at the bottom of the homepage.

How Do I Activate Cash Out Option?

When you are perusing the active bets section, you will notice a green cash out button with the attached cash out value if it is available. When you click this green button, you will be asked to confirm that you are looking to cash out your wager. Once you are happy to proceed, the sportsbook will either accept or reject your cash out request.

When FanDuel has accepted your cash out request, the value of the money you will receive will be what was initially shown as your ‘Cash Out Value’ in the beginning of the process. This money will then be transferred instantly into your FanDuel account.

When Can You Cash Out on FanDuel?

You cash choose to cash out your wager throughout the game you have bet on. Once you have submitted your wager, if you think it isn’t going well, click on ‘My Bets’ to open all your ongoing wagers. You can then click on the event you want and choose to cut your losses.

Cash out is typically offered on the FanDuel sportsbook at any time once the event has started. The odds will constantly change to reflect what is happening during the match. Your preferred payment option you have chosen from the available FanDuel payment methods will be automatically selected to transfer any funds to your FanDuel account.

How Does FanDuel Calculate Cash Out?

It boils down to what they deem the fair and accurate value of the bet. Is it the same process for any potential profits or for mitigating losses.

FanDuel will consider aspects such as the current odds for the outcome, the action happening on the field during the event, and the likelihood of the final outcome based on similar situations that have occurred in the past. The amount that is shown next to the cash out option is the final offer at that precise time, but things can change quickly in sport and so the amount will also change.

You can see how much you have won by looking on the settled bets tab when you choose to cash out. Online sports bettors on FanDuel can also see their associated cash and early cash settlements on various tabs. If you see a FanDuel cash out unavailable message, contact customer support.

Pros & Cons of Using FanDuel Cash Out

As with any decisions you make with the FanDuel sports betting site or the FanDuel Casino, there are cases for and against why you should do something, and using cash out is no different. First, let’s take a look at the positives of using FanDuel cash out:

Pros of FanDuel Cash Out

• You will guarantee yourself some profits instead of waiting for the final outcome
• Using cash out gives you more control over your bankroll and betting funds. You will know exactly how much money you are locking in if you opt to come out of the wager early.
• You can cut your losses if the bet isn’t going how you thought it would. Sport, by it’s very nature, is unpredictable. That makes trying to consistently win bets challenging. If you have have a fall back option, which is what cash out provides, it is worthwhile.

There are certainly some strong arguments for using the FanDuel cash out option. However, there are a few drawbacks as well.

Cons of FanDuel Cash Out

• The sports betting site may not offer you a good payout deal. In this instance, it could be worth taking a chance and waiting for the match to end.
• If you cash out because the bet is going wrong, it could then turn the other way after you have already cashed out. This will leave you with a sense of regret.
• You might start second guessing your choices instead of going with your gut instinct.

Ultimately, the final decision rests with you and what works best in terms of financial choices. There could be circumstances where it is perfect to use cash out, but there will also be scenarios where just waiting and hoping for a positive final outcome will also be the best bet.