Best Cash Out Betting Sites USA

Cashing out your bets is a relatively new concept that many players are already taking significant advantage of. Here we will take a look at the top cash out betting sites, explain what they offer, and what makes them the best. 

The Best Cash Out Betting Sites List 2022

Below we’ve ranked what we believe to be the best cash out betting sites available – we’ve also highlighted what makes them leaders in the field and why they stand out from the crowd.

  • BetOnline – The best cash out betting sites with excellent promotions
  • XBet – An excellent sportsbook focusing on the top events
  • MyBookie – One of the best betting sites with cash out and excellent live betting 
  • BetUS – A fantastic beginner sportsbook with easy to navigate menus
  • Bovada – One of the biggest cash out sportsbooks on the planet
  • Sportsbetting.ag – Excellent live betting and cash out on this site
  • BetNow – Get huge odds and competitive cash out betting here
  • Everygame – Excellent sportsbook with good US sports coverage
  • GT Bets – Take competitive odds and excellent bonuses on this site
  • BUSR – A cash out betting site with a fantastic live in-play section

Best Cash Out Sportsbooks Reviewed

1. BetOnline – The best cash out betting sites with excellent promotions

Super Bowl Lines

BetOnline have put together an excellent service that players are going to love. This site is all about getting a good deal, so look out for solid promotions and bonuses, while the odds on offer add to that by being highly competitive compared to the market. 

Live betting is strong here, and you can cash out your bets in that section if you wish to. This is available across many sports and markets, and the site is also known for offering an extensive service when it comes to that. 

There is a welcome bonus for new BetOnline players, which is a 50% matched deposit offer, available up to $1000. However, this offer comes with a 10x wagering requirement, and if you would like to use the offer, you need to use the BetOnline promo code BOL1000. 

BetOnline Pros

  • Get up to $1000 as a new player
  • Excellent player promotions and bonuses
  • Very competitive odds
  • Great range of sports and markets

BetOnline Cons

  • Welcome bonus on matched to 50%

2. XBet – An excellent sportsbook focusing on the top events

XBet Promos Page

XBet is a site dedicated to the very most significant events on the planet. These are listed on the site and have quick links that take you directly to the betting markets you need, so navigation of the site is straightforward to follow if you want these events. 

Elsewhere, a big positive of the site is the odds on offer here. These are very strong and seen as some of the best available, which is excellent news for those playing here. Sports coverage is strong, too, so there are plenty of choices. 

New players can claim the XBet welcome bonus, a 100% matched deposit offer of up to $500. The offer comes with a wagering requirement of 7x that players will need to fulfil before withdrawing funds. Simply enter the XBet promo code XB100 when depositing.

XBet Pros

  • Get up to $500 as a new player
  • Excellent odds available
  • Quick links for easy navigation
  • A site that dedicates itself to the top events in the world 

XBet Cons

  • Live betting on the site is a little complex

3. MyBookie – One of the best betting sites with cash out and excellent live betting 

MyBookie Sportsbook

MyBookie is a site that gives players what they want and always includes the latest market trends as part of its service. This is the case with live betting, cash out and mobile betting, all of which MyBookie is known for covering well. 

With this live betting platform, MyBookie is one of the best betting sites with cash out. On top of that, something else we love here is the available bonuses, not just the welcome bonus, but a range of great existing customer bonuses. 

New players can claim a hefty welcome bonus here – a 100% matched deposit offer that is available up to $1000. The offer is strong but does come with a 10x wagering requirement which means this is one of the more considerable requirements on the market. To claim, simply enter the MyBookie promo code INSIDERS when prompted.

MyBookie Pros

  • Get up to $1000 as a new player with the welcome bonus
  • Excellent live betting platform with cash out
  • Great player bonuses are available 
  • Strong mobile betting 

MyBookie Cons

  • High 10x wagering requirement attached to welcome bonus

4. BetUS – A fantastic beginner sportsbook with easy to navigate menus

BetUS homepage

BetUS have put together a solid service, and they have certainly thought about new players at the heart of what they have on offer. The site is simple and easy to use, so even if this is your first betting site, you will be okay finding your way through here. 

This is not all they are about, though. The site offers excellent sports options, there are some reasonable offers you can claim as an existing customer, and the odds here are strong, so this is a well-rounded service that you can stay with, even if you are not a beginner. 

The welcome bonus is a little complex – with sports, you get 100% matched up to $2500 with a 10x wagering requirement, and the casino gets you 25% matched up to $625 with a 30x wagering requirement. 

BetUS Pros

  • Get up to $2500 on sports as a new player
  • Excellent site for navigation, easy to understand for beginners
  • Great range of sports to bet on
  • A range of existing customer offers to claim

BetUS Cons

  • The welcome bonus may be complex for some

5. Bovada – One of the largest cash out sportsbooks on the planet

Bovada sportsbook

Bovada is one of the biggest names in sports betting worldwide, and they have put together a sportsbook that has the size to match that. If you want choice, either from sports, leagues or markets, you will certainly get that here. 

On top of this, they have excellent cash out options for players to enjoy. Odds here are very strong, some of the best online, so you know you are getting a good deal when you bet. To further enhance this, look for regular customer offers too. 

New players can claim the Bovada welcome bonus, a 50% matched deposit offer available up to a maximum of $1000. We like this offer because it comes with a small, 5x wagering requirement, which is great to see and helps players get through it quickly.  To claim the bonus, use the Bovada promo code BVD1000 when making your first deposit

Bovada Pros

  • Play with one of the biggest sportsbooks available in the world
  • An excellent welcome bonus giving up to $1000 in funds
  • Fantastic cash out options on offer
  • The site offers a great deal with odds and offers

Bovada Cons

  • Live betting options are not as strong as some sites

What is Cash Out in Betting? 

You may have heard of the term cash out but never used it and don’t know what it is. Cash out is where you take the offer of ending your bet based on the situation at that exact moment while your game or event is taking place. 

Cash out sportsbooks will create an offer for you to end your bet, this may give you a profit or a loss depending on the situation, and you can take this if you want. And the leading sportsbooks also offer cash out through their betting apps.

Get it right, and you can cash out and be paid a profit on a bet that loses. Get it wrong, and you will take a lower amount from your sportsbooks while watching the bet go on to win, missing out on the original total amount. 

Benefits of Cashing Out Sports Bets 

Cash out has become incredibly popular with players, and the simple reason for this is that there are many benefits to cashing out on your bets. Here are some of the benefits you can enjoy from the top sportsbooks with cash out. 

Secure A Profit

Cash out gives you the chance to secure a profit on your bet, so you know you are ahead, regardless of what happens in the future. Of course, this may not work out occasionally, but if you are looking to get in a winning position and take it, cash out allows you to do that. 

Cut Losses

Rather than securing a profit, you can also look to cut your losses on bets you place which don’t go well. Even if the cash out amount is small, it is money back into your account, rather than losing your total stake, ideal if you think the bet is heading towards being a loser. 

Take The Best Deal

With cash out, you can choose to take the best deal on the table if betting on a long competition. For example, if you like the draw your selection has, let it ride, but cash out before that game if you think they have too much to do. 

How Cash Out is Calculated 

Cash out is calculated by sportsbooks using a formula based on your bet, plus the current odds of your selection. This may be slightly different with some sportsbooks, but essentially, the cash out figure is roughly worked out using the calculation below. 

You place a bet of $100 at +500 on the moneyline.

If the bet wins, you receive $600 in full

At half time, your team is up, and their odds have changed to +200

The cash out on this would be around $300 for you to take, and if you are looking to cash out, this is the figure you should be looking to take. 

Can You Cash Out Live In-Play Bets? 

Sportsbooks offer cash out in many ways, and one of the differences comes with live in-play bets. The best cash out sportsbooks will allow you to bet in-play and then cash out that bet if you wish – however, not all sites will allow you to do this. 

If you like to bet in-play, and you might want to cash out in play in the future, look out for this and make sure that the cash out sportsbooks you are looking at will allow you to do this, including through their gambling apps.

How to Know the Best Time to Cash Out

This is the million-dollar question for all players who enjoy cashing out on bets. The key for players is knowing that you will sometimes get this wrong, which is a risk you have to be prepared to take. 

Try and put together a strategy for cash out betting sites so that you do the same thing regularly, rather than changing it up all the time. Do this, and when you do get it wrong, at least you know it is part of the strategy you have, rather than an individual decision you have made. 

Tips for Cash Out Betting

If you are looking to cash out, then here we have five tips for you to follow, regardless of whether you are new to cash out betting or experienced. 

  1. Create A Strategy

Don’t go into cash out betting without a strategy. When you are sat on the best cash out betting sites, make sure you know what you will do in the future. Running without a plan will leave you making quick decisions and causing panic. 

2. Expect To Lose Out

There will be times when you get this wrong, and you need to expect that. Whether you cash out for less, or you don’t cash out, and the bet loses, you will make a wrong decision. But, like with losing bets, learn to accept this and look at the bigger picture. 

3. Don’t Be Short-Changed

Work out what the cash out value should be based on the currently available odds. If your cash out amount is much less than this, it does not make sense to cash out on the bet from a value point of view. 

4. Understand The State Of Play

When you are on the best betting sites for cash out, make sure you understand exactly where your game is. If streaming, make sure you are up to date, watch the score, see how long is left and how the game is going, and then you have everything needed to cash out if you wish to. 

5. Categorize Each Bet

When you place a bet, split them into categories based on whether you think the bet is one to cash out or not. If you make the decision not to cash out, stick with it. The bets you do want to cash out need to be watched closely so that you can jump in at the right time. 

Conclusion

There are many fantastic cash out betting sites that offer players the chance to step in and take their bets based on the current state of play. These all offer you the opportunity to make decisions and potentially win when you are not going to and these include the top offshore sportsbooks.

We have taken a look at cash out sportsbooks, and of those on offer, BetOnline is the one to stand out and look to be the very best on offer. They have an excellent in-play section with strong cash out options, and away from this, their service is of a very high standard. 

And remember, sign-up with BetOnline and use the promo code BOL1000 to claim your $1,000 welcome bonus.

FAQs

What does cash out mean in sports betting?

Is cashing out a bet a good idea?

How is cash out calculated?

Which betting sites have cash out?