Why would a sportsbook offer a Cash Out? If you review the above bet-sip — an offer made by DraftKings Sportsbook on a Los Angeles Rams future from the 2018 NFL season, you’ll see that the offer was for $212.07 when the potential win was $230 (actually $100 profit on a $130 bet). The bettor can sock $212.07 into his account long before the $230 would have come in if he waited; The sportsbook almost certainly will save $18 by paying the bet out early. While it may be enticing to lock up a profit or cut your losses, more often than not a bettor should pass on accepting a Cash Out offer from a sportsbook. When you place a wager, you know the amount you can lose and you should give yourself maximum time (the full game or event) to win the bet and not forfeit ahead of time. Most online and mobile sportsbooks in the legal U.S. market now offer a form of Cash Out or Buy Out on active wagers. DraftKings, FanDuel, PointsBet, BetMGM, and many other legal U.S. sportsbooks offer the Cash Out feature.
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