BetMGM Cash Out Feature
June 29, 2020
- Safeguard Winnings
- Enhances the betting experience
- Lower payout
- Does not count towards bonus wagering
- Not available for Free-bet wagers
Cash out feature adds another layer of excitement to your betting experience.
The feature is limited to straight and parlay bets and 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
This will take you to BetMGM where you can login or register a new account.
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.
Search for a sports and game to bet on. Place your bets and let the action start to unfold.
Once the game is live you can decide to cash out before the final whistle.
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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