Cash Out Option Now Available on BetMGM Sports!
What is the Cash Out feature on BetMGM Sports?
BetMGM Sports offers the option of an early Cash Out for some straight and parlay bets. When you choose to cash out, a portion of your potential winnings will be collected in advance of the final outcome. The Cash Out amount is based on the live action at that particular moment.
Using the Cash Out feature, you can:
- Safeguard your winnings ahead of the final result
- Minimize losses
- Increase your account balance immediately without deposit
Example:
You place a $10 pregame bet on the Patriots -2.5 over the Falcons.
- Scenario 1: At the end of the first half, the Patriots lead the Falcons 24-0. Since this increases the likeliness of your bet being won, we offer a Cash Out of $16. You have the option to either take a sure $16 or wait until the end of the game to collect your full amount, hoping the Patriots will still cover the -2.5 spread
- Scenario 2: After three quarters, the Falcons take a commanding 28-3 lead. Since it seems more likely now that your bet will be lost, we offer a cash out of $3. You can now take $3 to make sure that your entire stake isn’t lost, or you can wait until the end of the game in hopes the Patriots will come back
The Cash Out option is displayed in the MY BETS section of the bet slip (live betting) or the CASH OUT section (pregame).
BetMGM Sports does not guarantee to offer "Cash Out" at all times. After clicking the "Cash Out" button, the system checks the availability of the respective bet. If the bet is frozen or already closed or the respective odds have changed, the "Cash Out" can be rejected. Odds changes can be accepted in advance by activating the respective option at "Settings."
PROMOTIONAL PERIOD:
1. This Sports Promotion is available to qualifying customers from 9:00 a.m. EST 8/13/19 – 8:00 p.m. EST on 12/31/19. If we decide to withdraw this Sports Promotion, this will not impact any qualifying bets you have placed during the Promotional Period before such withdrawal takes place.
WHO QUALIFIES FOR THIS SPORTS PROMOTION:
2. This Sports Promotion is open to players located in the state of New Jersey at time of wagering, aged 21 years or over opening a new Online or App BetMGM account through BetMGM.com), between 9:00 a.m. EST on 8/13/19 – 11:59 p.m. EST on 12/31/19.
3. Employees of the promoter, any advertising agency or web company connected with the promoter or any such person's agents or members of their families or households, are not eligible to participate in this Sports Promotion. The Promoter reserves the right to verify the eligibility of all participants.
4. Please note that Online and App customers claiming this Sports Promotion will not be eligible to receive any other “New Customer” free bet sports promotion offer.
HOW TO CLAIM THIS SPORTS PROMOTION:
5. To claim this Sports Promotion, you must deposit a minimum of $10 in to your account and place, as your first real money bet after opening your account, any sports wager with -200 odds or greater. Only the first $500 of the first wager are eligible for this promotion.
6. A bet will not be considered a Qualifying Bet for the purposes of this Sports Promotion if for any reason it becomes Void.
7. On placing your Qualifying Bet, if your bet loses, you’ll become eligible to risk-free, free bets back up to $500.
8. Maximum eligible free bet back (upon loss of first sports bet) for this wager is $500.
9. If your Qualifying Bet loses, you’ll receive free bets back in denominations of 10% of the total number of free bet earnings you’re eligible for. Anything under $50 will be given back in $10 free bet denominations
- Example 1: If you deposit $500 and place a $500 wager at -200 odds and this wager loses, you’ll receive $500 in free bets.
- The free bets will be broken down to ten (10) $50 free bets
- Example 2: If you deposit $250 and place a $250 wager at -200 odds and this wager loses, you’ll receive $250 in free bets.
- The free bets will be broken down to ten (10) $25 free bets
10. All free bets will be automatically credited to your account within 24 hours of the end of the event.
11. Free bets are limited to one per person, household (IP address) and/or computer
RESTRICTIONS ON YOUR FREE BET:
12. Free Bets can only be redeemed via Online or App and must be used as a single bet within 7 days of them being credited to your account. If you attempt to place a free bet for a lesser total stake than the value of your free bet, the remaining value of the free bet will be forfeited. (Example: if you have a $10 free bet, and place an $8 wager with that free bet, you will forfeit the remaining $2.)
13. Free bets cannot be redeemed for cash at any time.
14. Free bets cannot be redeemed on any Poker, Casino, Live Casino, Games or Slots.
15. Free bets do not count towards qualifying for any other promotional offers.
16. Please note that the value of your free bet will not be included in any winnings.
17. Your free bet is not returned if your free bet wager becomes void.
18. You cannot “Cash Out” your free bet(s).
19. The same Maximum Pay Out restrictions set out in our General Website Terms & Conditions will equally apply to this Sports Promotion.
IMPORTANT TERMS:
20. This Sports Promotion cannot be used in conjunction with any other BetMGM Sports NJ Promotion or any other bet (i.e. cannot be part of a parlay or teaser).
21. Users that have played under the playMGM Sports NJ app name are not eligible for any welcome offers under the name BetMGM Sports NJ app name, unless otherwise noted in the terms & conditions of that specific promotion.
22. We reserve the right to change or end any Sports Promotion, if required for legal and/or regulatory reasons.
23. If you have made one or more qualifying bets in relation to this Sports Promotion and your betting levels are subsequently restricted by us, we will make sure that this will not materially affect your ability to satisfy the conditions to qualify for this Sports Promotion (if applicable) or to fully benefit from the free bets available.
OLG Internal Control Trigger Based applies to this promotion.