Cash out is one of the most powerful features available to Canadian sports bettors. It gives you the ability to settle a bet before the event finishes, locking in a profit when your bet is winning or cutting your losses when things go sideways. No more watching helplessly as a late goal or last-minute touchdown wipes out your bet.
Since Ontario's regulated market launched in April 2022, cash out has become a standard feature at every major licensed sportsbook. The concept is simple: the sportsbook offers you a real-time settlement price based on current odds. You can accept, reject, or in some cases partially cash out. The decision is entirely yours.
We have tested the cash-out features of every major Canadian sportsbook, comparing speed, availability across markets, partial cash-out options, and the fairness of cash-out pricing. Below are the 6 best sportsbooks for cash out betting in Canada for 2026.
Best Sportsbooks for Cash Out Betting —
How Cash Out Works
Cash out is essentially a real-time settlement of your bet. The sportsbook calculates a cash-out value based on the current odds, your original stake, and the probability of your bet winning. Here is a practical example.
You place a C$50 bet on the Maple Leafs moneyline at −140 (potential profit: C$35.71). By the second period, the Leafs are up 2–0. Your bet is now very likely to win, and the sportsbook offers you a cash-out of C$75. You can either:
• Accept the cash out: Take C$75 immediately (C$25 profit). Your bet is settled.
• Reject and let it ride: If the Leafs win, you receive C$85.71 (C$35.71 profit). If they lose or tie in regulation, you lose your C$50 stake.
• Partial cash out: Lock in C$37.50 of the cash-out value while keeping half your bet active.
The cash-out value fluctuates constantly based on the live odds. As your bet becomes more likely to win, the cash-out offer increases. As it becomes less likely, the offer decreases and eventually reaches C$0 if your bet is almost certain to lose.
Full Cash Out vs. Partial Cash Out
Understanding the difference between full and partial cash out is crucial for using this feature effectively.
Full Cash Out
You settle the entire bet at the offered price. Your bet is closed and the cash-out amount is credited to your balance immediately. This is the standard cash-out option available at all 6 sportsbooks on our list.
Partial Cash Out
You settle a portion of your bet while keeping the rest active. For example, if the cash-out offer is C$100, you might cash out 50% (receive C$50) and let the remaining 50% ride. If the original bet wins, you still receive half the original potential payout. Partial cash out is only available at 888sport, LeoVegas Sport, and Caesars.
Partial cash out is particularly useful when you want to guarantee some profit but still have a chance at the full payout. It is a middle ground between cashing out completely and riding the bet to its conclusion.
When to Use Cash Out
Cash out is a tool, not a strategy in itself. Using it wisely requires understanding when it adds value and when it does not. Here are the situations where cash out makes the most sense.
Lock In Profit on Accumulators
If you have a 4-leg parlay and 3 legs have won, the cash-out offer will be substantial. With one leg remaining, the risk of losing your entire bet is real. Cashing out to guarantee a profit on a parlay is one of the most common and sensible uses of the feature.
React to Game-Changing Events
A key player injury, a red card, or a significant tactical change can shift the probability of your bet winning. If you placed a pre-match bet and the game situation has changed dramatically, cashing out lets you act on new information that was not available when you placed the bet.
Cut Losses Early
If your bet is losing but not yet dead, cashing out for a reduced amount can be smarter than losing your entire stake. For example, if you bet on the over 5.5 goals in a hockey game and it is 1–0 midway through the second period, the cash-out offer might be C$10 on a C$50 bet. Recovering C$10 is better than losing C$50.
When NOT to Cash Out
Avoid cashing out on every winning bet. The sportsbook builds a margin into every cash-out offer, meaning the expected value of cashing out is slightly lower than letting the bet play out. Over the long term, compulsive cashing out reduces your overall return. Reserve the feature for specific strategic situations, not as a default habit.
Cash Out Availability by Sportsbook
| Sportsbook | Full Cash Out | Partial Cash Out | Auto Cash Out | Markets Covered |
|---|---|---|---|---|
| 888sport | Pre-match & live singles/parlays | |||
| LeoVegas Sport | Pre-match & live singles/parlays | |||
| TonyBet Sport | Pre-match & live singles | |||
| Caesars | Pre-match & live singles/parlays | |||
| TooNieBet Sport | Pre-match & live singles | |||
| NorthStar Bets | Pre-match & live singles |
Auto Cash Out Explained
Auto cash out lets you set a target cash-out value in advance. If the cash-out offer reaches your target, the bet is automatically settled without you needing to be watching the game. This feature is available at 888sport and Caesars.
For example, you place a C$50 bet with a potential payout of C$200. You set an auto cash-out trigger at C$150. If at any point during the event the cash-out value reaches C$150, the sportsbook automatically settles your bet and credits C$150 to your balance.
Auto cash out is useful when you cannot watch a game live but want to protect your position. It removes the emotional element from the cash-out decision and ensures you lock in profit at a predetermined level. The downside is that you might miss out if the bet ultimately wins and would have paid out more than your auto cash-out target.
Frequently Asked Questions
Cash out is a feature that lets you settle a bet before the event finishes. The sportsbook offers you a real-time value based on current odds and your bet's likelihood of winning. You can accept the offer to lock in profit or reduce losses, or reject it and let the bet play out to its conclusion.
The cash-out value is based on the current live odds, your original stake, and the probability of your bet winning at that moment. If your bet is likely to win, the cash-out offer will be close to the original potential payout. If it is losing, the offer will be lower than your original stake. The sportsbook includes a small margin in every cash-out offer.
Partial cash out lets you settle a portion of your bet while keeping the rest active. For example, you can cash out 50% of the offered value and let the other 50% ride. This guarantees some return while maintaining a stake in the original bet. Partial cash out is available at 888sport, LeoVegas Sport, and Caesars.
Auto cash out lets you set a target value in advance. If the cash-out offer reaches that target at any point during the event, the bet is automatically settled. This is useful when you cannot watch a game live. Auto cash out is available at 888sport and Caesars.
Yes. Most sportsbooks allow cash out on parlay (accumulator) bets. The cash-out value on a parlay increases as each leg wins. Cashing out a parlay is one of the most common and strategic uses of the feature, especially when you have one leg remaining and want to lock in guaranteed profit.
It depends on the sportsbook and the specific bonus terms. Some bonuses restrict cash out on bonus bets or may not count cashed-out bets toward wagering requirements. Always check the terms and conditions of your active bonus before using cash out. Free bet bonuses generally allow cash out on the profit portion.
888sport offers the most complete cash-out feature with full, partial, and auto cash out across both pre-match and live markets for singles and parlays. Caesars offers a similar range. LeoVegas Sport has excellent partial cash out but lacks auto cash out. TonyBet, TooNieBet, and NorthStar offer full cash out only.
Yes. Cash out is available during live in-play betting at all 6 sportsbooks on our list. The cash-out value updates in real time as the live odds change. During fast-moving sports like hockey, the cash-out offer can change significantly within seconds, so act quickly when you decide to cash out.
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Gambling is entertainment, not a way to make money. Set a budget before you bet and never wager more than you can afford to lose. If you or someone you know has a gambling problem, contact ConnexOntario at 1-866-531-2600 or visit connexontario.ca. You can also reach the Responsible Gambling Council at responsiblegambling.org. All licensed sportsbooks offer self-exclusion tools, deposit limits, and session time reminders. You must be 19+ to gamble in Ontario. Please play responsibly.