Cash-out is a great feature available with most online sportsbooks in New Jersey.
Basically, it allows you to either take your winnings and run before the event has finished, or alternatively cut your losses if the bet is going south.
Should you decide to take cashback the amount of your wager that you will get back depends on the time you accept cashback.
It is determined by the sportsbook on the current likelihood of the bet winning and real-time market prices.
Take a smaller profit early if your bet is winning at the time of cash out or settle for at least some of your stake back if it is looking like your bet is going to lose.
Cash-out is available on a wide range of sports. Watch out for the Cash Out icon in your bet slip!
If cash out is available you normally have a choice. Cash-out the whole of your wager or just part of your bet. Clicking cash out in your bet slip will automatically show you how much you will get back at that moment in time.
Be aware that Cash Outs do get suspended during high activity such as a goal being scored. This is due to large movement in the prices. Always make sure your cash out has been accepted.
If your request to cash out your bet is successful the amount will be credited back into your sportsbook account.