BetMGM Cash Out Feature

June 29, 2020

Safeguard your winnings…

Early cash out is one of the most popular sports betting features a sportsbook can offer. BetMGM introduced the cash out function a couple of months back and we have tested the feature.

One of the most obvious pros with using a cash out function is that you can safeguard your winnings before your bet is settled. The largest downside with early cash-out is that the potential winnings will be lowered as BetMGM will take a portion of the money as a way to reduce the risk when customers are cashing out early.

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BetMGM does not offer cash out options on all sports markets but the good thing is that all major sports leagues such as the NFL, NBA, MLB, NHL and more will offer cash out on almost every single event.

Examples on how early cash out can look like: $10 pregame bet on the Chieds -5.5 over the Cowboys.

✅ Chiefs lead the Falcons 16-0 at the end of the first half. BetMGM offers a $15 cash-out and you have the option to take the $15 or wait until the game ends with and walk away with $20 if Chiefs covers the -5.5 spread.

✅ Cowboys are up 24-16 at in the beginning of the 4th quarter and Chiefs must score 14 points more than Dallas to cover the -5.5 spread. With Cowboys now being the favorites to win BetMGM now offers a cash out of $3. You can either cash out the $3 and cover some of your losses or sit back and hope that Chiefs comes back and win with more than 5.5 points.

How to use the BetMGM cash out function

How to use the BetMGM cash out function

How to find and use the BetMGM cash out function
1 Click on the Visit BetMGM button below

This will take you to BetMGM where you can login or register a new account.

2 Register an account and make a deposit

Complete the registration process. BetMGM sign up form is one the easiest on the US market. Make a deposit selecting from the multiple deposit options. 

3 Find a game to bet on and place your bet

Search for a sports and game to bet on. Place your bets and let the action start to unfold. 

4 The Cash Out option is displayed in the My Bets section of the bet slip (in-play betting) or the Cash Out section (pregame).

Once the game is live you can decide to cash out before the final whistle. 

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BetMGM Cashout FAQ

What is a cashout function?

A cashout function is a feature offered by sportsbooks which gives you the option to cash out your bet before the bet is settled.

Why using the BetMGM cashout function?

Cashing out before the bet is settled is a way to safeguard your winnings.

Why you should not use the BetmGM cash out function?

The downside with activating the cashout is that your potential winnings are lowered. The cash out comes at a prize just like any insurance.

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Gus
Gus Anderson
Gus Anderson is a gambling wizard. As a kid he dreamt about becoming a Tennis, Hockey and Golf professional but ended up as a gambling professional focusing on Tennis and Hockey.