Unable to Withdraw Funds - Reasons Preventing Cashout at DraftKings and FanDuel
In the heat of a sports game, your sportsbook may temporarily halt the cash out option on your wager. This sudden pause can be frustrating, but it usually happens when the oddsmakers need to reevaluate the game's progress and update the odds in real-time. This article is here to help you understand why cash out disappears and what you can do to ensure you're ready whenever it happens again.
Major sportsbooks like DraftKings and FanDuel have clauses about cash-out in their terms and conditions. They have the right to suspend the market and even refuse your cash-out request. Rest assured, the situation where you can't cash out isn't a common occurrence.
Let's dive into the nitty-gritty of cash-out suspensions and explore your alternatives so you can make the most of any cash-out offers and master your overall betting strategy.
Cash Out Suspended Reasons and Solutions
The cash-out markets usually go live once the game kicks off. However, there are a couple of scenarios to consider:
NFL Medium Frequency
- Your parlay bet involves different games that aren't playing simultaneously.
- Your sportsbook offers a pre-game cash-out option, but it's rare.
NBAMedium Frequency
If your bookie offers a pre-game cash-out,Consider it an alternative to canceling any bet you might change your mind about. We must stress: don't rely on pre-game cash-out offers—if you place a bet, it's usually final, and canceling a wager is often impossible or requires interactions with customer service.
SoccerHigh Frequency
The more frequent scenario is the first one. For NFL, soccer, MLB, NBA, and UFC betting, you can expect cash-out offers during your first few games, before your next few, right up to the last game on your parlay. However, if one of your picks loses, you won't receive any cash-out offers since your entire parlay is now void.
MLBLow Frequency
Why is My Cash Out Suspended?
NHLMedium Frequency
You had a cash-out offer in your grasp a few seconds ago, but suddenly the markets are on standby, and you can't cash out your active wager. The most likely culprit is that something significant has happened in the game you've wagered on, causing the oddsmakers to recalculate the odds.
UFCHigh Frequency
Here are the most frequent reasons why your cash-out offer may be suspended:
TennisHigh Frequency
- During a dangerous drive (NFL)
- After a touchdown (NFL)
- During a field goal attempt (NFL)
- During a major review (NFL, NBA, Soccer)
- In overtime (NBA, Soccer, UFC)
These reasons also apply to other scenarios like fouls, penalties, injuries, VAR reviews, or weather conditions. Keep in mind that some sports may experience cash-out suspensions more frequently than others; for instance, tennis betting has an exceptionally high frequency of suspended cash-outs since the matches can shift rapidly, making it difficult to generate quick odds during play.
- During a dangerous drive- After a touchdown- During a field goal attempt- During a major review- In overtime- During the buzzer-beater attempt- When a timeout is called- During critical moments in the fourth quarter- In overtime
Cash Out Suspended at DraftKings and FanDuel
- After a goal- During a penalty/dangerous freekick- During VAR reviews- After a possible red card challenge
DraftKings
- During a home run review- When the bases are loaded- During a pitching change
To cash out on DraftKings, navigate to My Bets and head to the Cash Out tab. You'll see your ongoing bets, and a yellow button with a cash-out offer will be displayed if one is available. By clicking the button and accepting the offer, you'll successfully cash out your wager.
- During a penalty shot- After a goal- In overtime periods
However, if the button is not yellow and there's no offer, the market is temporarily frozen. Just sit tight for a few moments while the books re-evaluate the odds on your bet, and then your cash-out function will turn yellow again. Our experts found that DraftKings has some of the most generous cash-out offers, and you can maximize them through its iOS and Android apps. The only areas in which DraftKings could further improve are in indicating which betting markets have cash-out functions and implementing partial cash-out functionality.
- During a KO attempt- When a fighter is on the verge of submission- During referee interventions
FanDuel
- When the ball is in play- At match point- When challenges are called
Comparatively, cashing out on FanDuel couldn't be easier. Open your Active Bets to check your cash-out offers. A little green Cash Out button will appear, displaying your offer. When the button goes gray, the function is temporarily disabled. Just like DraftKings, FanDuel has quick reload times, and their powerful software doesn't need more than a few seconds to regenerate real-time odds. If your cash-out button is gray and says Cash Out Unavailable, you only need to wait a few seconds before the function will reactivate, giving you another shot at selling back your bet.
What sets FanDuel apart is the option to make a partial cash out, allowing you to lock in a portion of your returns while keeping the rest of your bet running. This feature gives FanDuel users more flexibility to optimize their cash-out strategy. Another nifty tool is the FanDuel Reuse Selections button, through which you can quickly create a replica of your current bet slip, make edits, and place a new bet on the fly.
Legality of Suspending Cash-Out Markets
Sportsbooks are within their rights to suspend cash-out markets or disable cash-out functions for certain bets. These rights are outlined in the terms and conditions that you agree to when signing up for a sportsbook. In extreme cases, they might even rescind cash-out offers due to errors or mistakes, although this is extremely rare.
In rare, early days of VAR in football, rescinding cash-out offers due to VAR errors was more common. A player scored a goal, the odds were recalculated, and bettors cashed out their wagers based on the new odds. But then, the goal was reviewed, and if it was disallowed, the sportsbooks had to take the cash-out money back.
Nowadays, sportsbooks generally wait for VAR reviews to be concluded to avoid such embarrassing situations for both operators and bettors.
Alternatives to Cash-Out Betting
If cash-out is suspended or unavailable, consider the following alternatives:
- Hedging Bets: Place additional bets on different outcomes to reduce potential losses or lock in profits without using the cash-out feature directly.
- Pre-Game or Futures Betting: Place bets before the game or on future outcomes where cash-out is not an option, allowing for strategic betting choices without mid-game interruptions.
- Manual Live Odds Monitoring: Keep a close eye on the live betting market to decide the best moments to place new bets or hedge manually instead of relying on automatic cash-out.
- Betting Exchanges: Utilize platforms where bettors can sell their bets to other users, providing a kind of peer-to-peer cash-out alternative.
- Setting Personal Limits and Strategies: Develop a clear staking plan and target profit or loss amounts before placing bets, decreasing the need for reactive cash-outs during the game.
In conclusion, sportsbooks temporarily freeze cash-out options during games to manage fairness and accuracy amid rapid odds changes caused by game interruptions. Embrace these alternatives to cash-out betting when it's unavailable, and you'll be well on your way to a successful sports betting journey.
- In certain sportsbook terms and conditions, the cash-out option may be temporarily suspended or even refused.
- Major sportsbooks like DraftKings and FanDuel have clauses about cash-out suspensions in their agreements.
- The frequency of cash-out suspensions varies by sport; for example, in soccer, it's relatively high.
- NFL, NBA, MLB, and UFC betting also see cash-out offers frequently before and during games.
- For NFL games specifically, cash-out suspensions may occur during dangerous drives, touchdowns, field goal attempts, and major reviews.
- Tennis matches can have an exceptionally high frequency of suspended cash-outs due to their fast-paced nature.
- Cash-out suspensions can also happen in other scenarios like fouls, penalties, injuries, VAR reviews, or weather conditions.
- When cash-out is suspended, it's usually due to a significant event in the game triggering oddsmakers to recalculate the odds.
- To cash out on DraftKings, navigate to My Bets and go to the Cash Out tab.
- The cash-out button on DraftKings changes from yellow to gray when the market is temporarily frozen.
- In some cases, DraftKings may have generous cash-out offers that can be maximized through its iOS and Android apps.
- FanDuel allows users to make a partial cash-out, keeping a portion of their returns while keeping the remainder of the bet active.
- When the cash-out button on FanDuel turns gray, indicating unavailability, just wait a few moments for the function to reactivate.
- If cash-out options are unavailable, consider hedging bets or pre-game/futures betting as alternatives.
- Manual live odds monitoring, betting exchanges, and setting personal limits and strategies can also serve as cash-out alternatives.
