Cash out: convenience, or the sportsbook keeping its edge?
Cash out lets you settle a bet before the result for a sum the sportsbook names. That sum is the bet's current value minus a margin the operator sets. In our worked example the gap runs from 6.7% to 10.0% of fair value. We have not read any operator's cash-out rules, so every operator cell on this page is marked not published.
Checked by the editorial team on
- 3 min read
- 8 sections
- 2 tables
- 4 FAQ
How the offer is built
Start with the potential payout and the chance the bet still has. Fair value is that chance times the payout. The offer is that value less the operator's share.
Formula: gap = fair value − offer. The chance is your own assumption, because the true chance is unknown.
To turn a price into a chance, use the odds converter and see implied probability.
A worked example
Take a stake of 50 dollars at decimal odds of 3.00, so the payout is 150. The offers below are hypothetical.
| Assumed chance | Fair value | Offer | Gap | Gap as share of fair value |
|---|---|---|---|---|
| 40% | 60.00 | 54.00 | 6.00 | 10.0% |
| 70% | 105.00 | 96.00 | 9.00 | 8.6% |
| 90% | 135.00 | 126.00 | 9.00 | 6.7% |
All amounts in Canadian dollars. A real offer can be higher or lower; we publish none.
Bottom line: an offer below fair value is the operator's margin at work, so compare it with the value you assume.
What operators publish
| Rule | bet365 | FanDuel | DraftKings | Date read |
|---|---|---|---|---|
| Partial cash out | Not published | Not published | Not published | — |
| Automatic cash out | Not published | Not published | Not published | — |
| Exclusions | Not published | Not published | Not published | — |
| Suspension of the button | Not published | Not published | Not published | — |
These are candidates; the licence is still to be confirmed.
How we checked
- We set out the pricing logic as a formula and labelled the chance as an assumption.
- We calculated three hypothetical offers ourselves and rounded to one decimal.
- We looked for operator cash-out rules and left all cells as not published.
Sources
- Reference notes on Canada, dated 2026-11-06
- Operator rule pages: not yet read
What changed
- : page created with the worked example; operator rules not yet read.
Before you bet
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FAQ
What is cash out?
Cash out is an early settlement of a bet: the sportsbook offers a sum now instead of waiting for the result. The sum depends on the current price and the operator's margin.
Is a cash-out offer fair value?
Not by design. Our worked example shows a gap between the fair value of a bet and the offer. The size of that gap is the operator's choice and we have not read what any operator says about it.
Can I cash out a bet at any time?
No. A button can be unavailable when a market is suspended or a bet type is excluded. Each operator's rule page lists the exceptions. We have not read them yet.
What are partial and automatic cash out?
Partial cash out settles part of a bet and keeps the rest running. Automatic cash out settles at a level you set. Whether a brand offers each is not published in our notes.