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Best Cash Out Betting Sites for 2022 – Over $5000 in Bonuses Available at Online Cash Out Sportsbooks

David Nugent profile picture
Updated 7 days ago on
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Most of the best sportsbooks now offer online cash out betting as a permanent option. It’s a useful feature too, providing bettors with the opportunity to settle a wager and walk away with a small profit before an event has even finished – perfect for when your final parlay looks in jeopardy.

In this article, the team at Basketball Insiders has detailed exactly what the online cash out betting option is and when best to use it. We’ve also ranked and reviewed the best sportsbooks to use for cashouts and we’ll show you how to get the biggest possible bonus when you sign up.

Top 10 Cash Out Betting Sites
BetOnline Casino logo 100% up to $1,000 Casino Bonus Star Rating Get Offer
XBet logo 100% Up To $500 - No Code Required Star Rating Get Offer
MyBookie logo 50% Deposit Bonus up to $1000 Star Rating Get Offer
Bovada logo Up to $1,000 Welcome Bonus Star Rating Get Offer
BetUS logo 125% sign up bonus. Bet $1000 Get $1250 Free. Star Rating Get Offer
Sportsbetting AG logo 100% Welcome Bonus Up To $1000 Star Rating Get Offer
Betanysports logo 35% free play up to $700 Bonus Star Rating Get Offer
GTBets logo 100% First Deposit Bonus of $500 Star Rating Get Offer
JazzSports logo $1000 Welcome Bonus + Free NBA Live Streaming Star Rating Get Offer
EveryGame logo 100% up to $500 - INSIDERS Star Rating Get Offer

The Best Cash Out Betting Sites List 2022

Here are the best cash out betting sites available in the US:

  1. BetOnline – Overall best cash out betting site
  2. XBet – One of the top cash out betting apps; generous welcome bonus
  3. MyBookie – Early outs available across all sports; great odds
  4. Bovada – Best options for horse racing with competitive odds
  5. BetUS – Among the best US sportsbooks for extensive betting offers & top odds
  6. Sportsbetting.ag – Best odds guaranteed and attractive cash out deals
  7. Betanysports – Horse racing specialist boasting a wide selection of payment methods
  8. GTBets – Popular cash out sportsbook promising fast payouts
  9. JazzSports – Top sportsbook: deep markets & 24/7 customer support service.
  10. Everygame – Offers both full and partial cashouts; generous promotions

Best Sportsbooks that Offer Cashout Reviewed

To help you have a quick scan through the top five sportsbooks for 2022, we have these short reviews for you. Each review includes the basic information of every sportsbook, some pros as well as cons.

1. BetOnline: One of the Best Cash Out Sportsbooks Overall

BetOnline - cash out betting site that's great for eSports

BetOnline is more than just a betting platform. It has built its reputation by offering customers nothing but the best betting experience, thanks to its enticing promotions, cutting-edge technology, and competitive odds.

BetOnline features in-game lines for all major sports and leagues, including MLB, NFL, NHL, NBA, rugby, tennis, and soccer, among others. Plus, the online cash out betting option is available on all the aforementioned sports.

Live betting at BetOnline provides you with the chance to wager on all of your favorite markets and sports quickly and easily. The sportsbook has a professional support team, and new players are entitled to a welcome bonus of up to $1,000 so long as they sign up using the correct BetOnline promo code.

What we like:

  • Reputable cash out sportsbook
  • Massive bonuses and promotions
  • Huge bet limits
  • Fast payouts within 48 hours
  • Cryptocurrency deposits accepted

What we don’t:

  • A few payment methods

2. XBet: A Cash Out Sportsbook with Great Bonuses

xbet betting

XBet is another safe and trusted betting platform that accepts players from the US. The sportsbook has existed since 2007, and all of those years in the business have helped to create a top online sportsbook.

The Xbet betting site prides itself on top-notch customer care service, great promotions, generous bonuses but most of all, instant deposits, a variety of cash out options on parlays, and fast payouts. Basically, Xbet covers all bases.

Once you sign up at the sportsbook using the Xbet bonus code, you will be able to choose your sign-up deal and receive a welcome bonus of up to $500. And once you become an existing customer, you’ll be eligible for other offers like parlay free bets, monthly parlay prince, and refer a friend bonus.

What we like:

  • Honest and honorable ever since its establishment in 2007
  • Achievable bonuses and promotions
  • Accepts residents of all USA states where betting is legal
  • No negative payout record

What we don’t:

  • Offers a relatively small welcome bonus compared to most USA bookmakers

3. MyBookie: The Easiest Cash Out Betting Site To Use

MyBookie betting

MyBookie is one of our top-rated cash-out betting site. Its priorities have always been instant and easiest deposits, simple cashouts on regular and parlay bets, same-day payouts, and the best customer care service.

The sportsbook also offers a wide range of generous bonuses which can be unlocked using the MyBookie promo codes. Currently, all new customers who sign up will receive a bonus of up to $1,000 once they deposit for the first time. Existing bettors can claim offers like reload deals and horse rebates, too.

With all these bonuses plus top sports markets such as tennis, golf, and soccer betting available, MyBookie has shown itself to be an elite sports betting site and one that often ranks highly with our team. The fact that it features more cash out betting lines than any other sportsbook that we investigated is another top selling point to add to the list.

What we like:

  • One of the more established cash out betting sites
  • A dedicated loyalty program
  • 24/7 customer support service through email, live chat, and phone
  • Great deals on every deposit
  • Withdrawal requests processed between 24 and 48 hours

What we don’t:

  • Does not offer a massive array of sports markets compared to its competitors
  • Just a few deposit and withdrawal methods are available


4. Bovada: One of the Top Cash Out Betting Sites

Bovada Betting

Since opening its doors to US punters, the Bovada sportsbook has been a go-to option for all major events on the American sporting calendar.

It is a perfect sportsbook for betting on big races, massive games, and huge gaming parties. From obscure events to major sports from across the world, Bovada is the answer to all of your betting and gaming questions. Besides the great depth of betting markets available, the Bovada promo codes also offer generous bonuses and promotions across all sports and markets.

Whether you love eSports, football, tennis, rugby, basketball, or any other sports, you will find Bovada a perfect betting site and, of course, cash-out betting is available across the board – you can cash out on practically any parlay you make (up to a point).

What we like:

  • Deepest markets among cash out betting sites
  • A generous welcome offer of up to $4,500 in Bitcoin bonuses
  • A dedicated mobile betting platform
  • Supports Bitcoin deposits and withdrawals
  • More niche betting markets are available

What we don’t:

  • The welcome deal is only available to Bitcoin users
  • Card deposits attract a minimum fee of 5.9%

5. BetUS: One of America’s Longest-serving Cash Out Betting Site

BetUS - a much-respected cash out sportsbook

BetUS is a safe, fast, trustworthy, and reliable sportsbook that accepts US players. The betting platform is dedicated to delivering the most competitive odds and up-to-date sports analysis, with up to the last minute betting opportunities.

BetUS covers a wide range of events and games. The sportsbook section includes both popular sports and more niche markets like entertainment, politics, novelty, and financials. And, as with sports, the opportunity to cash out is available for all.

BetUS promo codes are also among the best sportsbook payouts, entitling new players to up to a 200% crypto bonus once they’ve completed the registration process. The package also includes a 150% sports and 50% casino bonus. Existing gamblers can get their hands on the likes of cashback deals, crypto sports bonuses, and matched bonuses, too.

What we like:

  • Plenty of regular bonuses and promotions
  • A committed VIP program
  • A mobile-friendly website and great software
  • Covers all sports and events, including niche markets like politics and entertainment

What we don’t:

  • The welcome deal is only available to Bitcoin users
  • Card deposits attract a minimum fee of 5.9%

6. Sportsbetting.ag: Best Odds Guaranteed and Attractive Cash Out Deals

SportsBetting.ag Homepage

Sportsbetting.ag has everything a bettor might want in a sportsbook. It is one of the best betting sites with cash out for bettors You may gamble on a wide number of sports, and their selection of casino games is extensive.

As if the name weren’t a giveaway, you can wager on just about any sport imaginable at Sportsbetting.ag. There are, of course, all of the major professional sports, like NBA, NFL, MMA, soccer, baseball, golf, and tennis, but there are also lesser popular markets like rugby and cricket to bet on.

The Sportsbook’s live betting stands out among other cash out betting sites. Bets can be placed on odds as they change with each new action in a game.  You can wager live on various parts of the event, including odd/even totals, spreads, the highest scoring half, money lines, and more. And, as you might expect, the option to cash out is available whenever you choose to do so.

SportsBetting is well-known for offering huge welcome bonuses to new customers. The sportsbook offers a variety of deposit bonuses that match your initial bet up to a specified limit, and new bonus codes are often added.

Sportsbetting.ag also features several payment options, including cryptocurrencies and standard payment. methods. You also won’t be disappointed with the sportsbook’s customer service.

What we like:

  • An all-inclusive betting sportsbook
  • Limits on deposits and withdrawals are fast
  • Impressive payout times
  • A wide variety of bonuses

What we don’t:

  • Website interface could do with a little update
  • No eWallets

Top Online Cash Out Sportsbooks Comparison

The following table shows all the top cash out betting sites in the US. It is designed to help you compare the different sites within the shortest possible time and make an informed decision in terms of where to place wagers.

Sportsbook Number of Sports Live Streaming Bonus Payment Methods
BetOnline 12+ No Up to $3,000 on the first three deposits and a 100% crypto bonus Bitcoin
XBet 16+ No Up to $500 in sports bonuses Bitcoin, MasterCard, Person 2 Person, Visa, Bitcoin Cash, Litecoin
MyBookie 8+ No 50% sports welcome bonus Bitcoin, Person to Person, Visa, MasterCard, Bitcoin Cash, Ethereum, Ripple
Bovada 29+ Yes Up to $4,500 in Bitcoin bonuses Match Pay, Bitcoin, Bitcoin Cash, Visa, MasterCard, Litecoin, Zelle
BetUS 26+ No 200% crypto bonus Bitcoin, MasterCard, Visa
Sportsbetting.ag 12+ No Up to $1,000 in bonuses Bitcoin Cash, Litecoin, Ethereum, Bitcoin, USD Coin, Stellar, Ripple, American Express, Visa, MasterCard, EcoPayz, Bank Wire Transfer, Money Order, Discover, Person 2 Person
Everygame 18+ No Up to $200 in bonuses EcoPayz, MasterCard, Visa, American Express, Bank Wire Transfer


What is Cash-Out in Betting?

Online cash out in betting is where a sportsbook will provide you with the opportunity to settle your wager before the events that you have bet on end.

As your events progress, the bookmaker will constantly be updating your cash out price based on your chances of winning. A cash out bet will be a perfect option when placing accumulator bets that include different selections.

If your wager looks like it’ll win, the sportsbook will provide you with a value that is close to your initial returns. But if your wager looks like it will lose, the bookmaker will give you a lower value. That is good news for you since it means that you will win something instead of losing the entire wager.

What Is A Sportsbook Cash Out Bet? Should You Take One?

There is only one risk associated with cash out betting. And that is, you could lose out on potential profits if you cash out and your bet wins in the end.

Currently, there are three main types of cash out bets which include partial cash out, auto cash out, and full cash out.

Benefits of Cashing Out Betting Sites

There’re various benefits that come with using cash out betting sites. Here are the main benefits that the best betting sites with a cash out option have to offer:

Secure Big Profits

If your betting strategy is to target big profits, then using the cash out option to secure them can prove to be powerful. Imagine the pain you will go through when you lose a huge parlay bet just because your last selection failed. Cashing out such a wager will help you avoid this drama.

Cut Potential Losses

Luck is a huge factor in gambling. You can research and prepare for a bet well, only to see it destroyed by unusual occurrences such as freak injuries or bad referee mistakes. The cash out option allows you to have full control over variance since you can cut any potential losses or secure your profits.

It’s Easy and Simple

All sports betting platforms aim to offer easy processes when it comes to betting. Online cash out betting is one of the simplest procedures that offshore sportsbooks and betting apps offer. The cash out option is straightforward to use. In most cases, you will only need to press a button.

Also, you can take advantage of the auto cash out option that allows you to cash out your wager automatically. This is a great option for you since your request applies even if you aren’t online or logged into your account.

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How Cash Out Betting is Calculated

A cash out bet is subject to different rules, terms, and conditions depending on your sportsbook of choice. You’ll find a comprehensive list of cash out terms and conditions on every sportsbook that offers this feature. It is always important to read the terms and conditions before placing your bet so that you can know what you are getting.

Let’s take a football bet as an example. You placed a bet on a team to win, and by half-time, it is 1-0 up. Before the game, you placed a $10 bet at the odds of 3/1. If you allow your bet to stand, you will receive $30.

But with about 20 minutes to go, your team is 2-1 down. If you hadn’t decided to use the cash out option, you would have lost the full bet of $10. But since you cashed out before the end of the match, you managed to receive $5 on top of your original stake.

Can You Cash Out Live In-Play Bets?

Yes, you can cash out live in-play bets. In fact, the cash out option works perfectly on this type of betting. In in-play or live betting, you will see the odds frequently fluctuate, allowing you to make the best decisions. It is possible to make a profit within the first minutes of a soccer game.

However, you should be careful when making your selections and placing bets since in-play betting is more volatile. The prices change constantly, and markets are suspended regularly. But if you are keen enough, cash out in-play can be very profitable.

How to Know the Best Time to Cash Out

The main aim of placing a bet is to win some cash. Before sportsbooks started to offer cash out services, the only way to make some money was for your bet to settle as a winner. But with cash out, you can actually win without the original wager winning. The best time to use the cash out feature is when you feel like the wager is about to lose.

To pick the right time to cash out, you need to keep track of your wager by watching the event or through live updates. Top cash out betting platforms offer live updates or live streaming services to allow their customers to cash out their bets at the right time.

Tips for Online Cash Out Betting

Up to this point, you have already made a decision whether or not to use the cash out option. A good decision would be to use the feature when it is necessary. There are a few more tips that can help you take full advantage of the cash out option and enjoy the benefits that it offers. These tips include:

  • Use Other Betting Features: You can enjoy the full benefits of cash out when you combine it with other sportsbook features like live streaming, bet builders, and push notifications.
  • Cash Out at the Right Time: Do not convince yourself that cash out is the best option to win money. You need to do it at the right time and when it is necessary.
  • Use Cash Out to Fix Your Mistakes: Do not be afraid to use cash out to fix some of the mistakes that you might have made when placing your bet. Anybody can make a mistake, including a pro bettor. So if cash out can help you fix your mistake, why not use it?
  • Take Advantage of Cash Out Offers: Most of the top cash out betting sites offer some generous cash out offers. It is worth receiving a small profit than losing everything. And on top of that, you can receive a bonus that can help you boost your bankroll.
  • Pick a Recommended Sportsbook: To enjoy the best cash out betting experience, you need to pick a recommended betting site from the sports online betting cash out sites available on the list above.

Best Cash out Betting Sites: Conclusion

Particularly for those among you who like to place parlay bets at sportsbooks, the cash-out feature is a valuable – perhaps even necessary – tool to utilize, especially if you’re hoping to turn a profit in the long run.

The reason BetOnline is our top pick for the best cash out betting site is partly due to the fact that there were more lines with the cash-out option on this site than on any other we studied, but it is also due to the fact that it had deep markets and provided the finest cash out betting advice.

BetOnline Bonus Code
BetOnline Sports logo 50% up to $1000 Welcome Bonus Star Rating Get Offer


What does cash out mean in betting?

Is cashing out a bet a good idea?

How is cash out calculated?

Which betting sites have cash out?

How do you cash out sports betting?

David is a vastly experienced sports writer who is a huge fan of soccer, football and basketball. He also covers online casino guides and reviews.