FanDuel Sportsbook has released a new option for sports betting players looking to finish their bet and move onto the next one immediately.
A feature many players are sure to enjoy, the FanDuel Cash Out allows players to settle a wager before a game ends, whether it is a win or a loss. No longer will online sports bettors have to wait until the game is over, even if the result of the game or wager is no longer in doubt.
How Does the FanDuel Sportsbook Cash Out Work?
Simply, a player can decide to pull the plug on their bet before the game ends. If it appears a sure defeat is in its way, the bettor can cut their losses and end the bet early. If a player is in front and wants to lock in their winnings, they can do that as well.
Cash Out allows you to settle a wager for a certain value before the event you have bet on has finished. If your bet is eligible for Cash Out, you will be offered a “Cash Out Value”. This value will be clearly displayed on your betslip within the Active Bets tab.
Step 1: VIEW ACTIVE BETS Having placed a bet, Open the “Active Bets” tab on the betslip, for any bet where Cash Out is available, you will see the green Cash Out button with the associated Cash Out Value.
Step 2: CONFIRM CASH OUT When you click on the Cash Out button, you will be asked to confirm that you wish to Cash Out your bet.
Step 3: REVIEW AND APPROVAL When you confirm the Cash Out, it's then reviewed by the Traders, who either accept or reject the Cash Out request. If accepted the funds will be transferred to your wallet as winnings instantaneously and the bet will show in the Settled Bets tab as “Cashed Out”
How much one can cash out for naturally depends on the status of the wager. According to FanDuel, the value of this option depends on “whether you're ahead or behind and by how much.” Cash Out options continue to update throughout the game in real-time, giving bettors the opportunity to strategically decide when to take the money and run or just cut their losses.
FanDuel's Cash Out is not available for every wager and qualifying bets feature a button at the bottom of the page.
FanDuel Introduces Promotion To Pair With Cash-Out Option
FanDuel sportsbook is ringing in the unveiling of its new feature by offering a “Cash In With Cash Out” promotion. The sportsbook is crediting players with a $25 no deposit bonus just for signing up and while wagering on an event.
FanDuel Joins Heavy Hitters Already Using Cash-Out Options
Many of FanDuel's direct competitors in the crowded sports betting market already employ cash out options for customers. DraftKings Sportsbook is the leader of sports betting in terms of revenue and utilizes a cashing out option. Sugarhouse Sportsbook, which ranks third in revenue, also gives players the choice to cash out. FanDuel ranks second in terms of revenue but is putting itself on par with other online sportsbooks in terms of amenities and features thanks to the new cash-out option.