Cash Out Terms and Conditions

  1. PointsBet may, in its absolute discretion, offer the 'Cash Out' feature for selected products or bet types. By entering into a bet, you acknowledge that:

    • you may not be able to Cash Out your bet at any particular time, or at all; and
    • PointsBet may deny your request to Cash Out your bet for any reason whatsoever.

  2. Any Request to Cash Out may not be recalled or cancelled.

  3. PointsBet may choose to accept or deny your Request to Cash Out in its absolute discretion and without providing a reason or advance notification.

  4. If PointsBet accepts your Request, your original bet will immediately come to an end (will be 'Cashed Out'). The acceptance of a Cash Out request is an agreement to end the original bet early and does not represent a new bet.

  5. PointsBet will be deemed to have accepted your Request:

    • if you have made the request via the Internet, once the bet is marked as "Cashed Out" in the Settled Bets section of your account; or
    • if you have made the request via the telephone, once you indicate your agreement with the confirmation of PointsBet's acceptance of your Request as read back to you by the PointsBet representative.

  6. Once you have Cashed Out, your bet is final, and you may not reverse it.

  7. The Cash Out feature is not available on bets where a Bonus Bet has been used.

  8. The Cash Out feature cannot be used in conjunction with any other promotions or specials. No refunds or payouts will be redeemable or creditable on a Cashed Out bet.

  9. All Requests are considered to be placed and received in a state where sports betting is legal and PointsBet is regulated by the relevant gaming regulatory body in that state. PointsBet does not represent or warrant that any Request made by you on your Account or the acceptance by PointsBet of a Request complies with the legal requirements of any state or country other than those in which it is currently recognized by the respective state's regulatory body as an accredited gaming provider. You must satisfy yourself of (and assume full responsibility for) the legality of making a Request.

  10. PointsBet may decline your Cash Out request, void the original bet, which was Cashed Out, or demand repayment of any amount paid by PointsBet in respect of the original bet if:

    • The original bet or your Cash Out request was made after the relevant event's completion or result was known; and/or
    • PointsBet suspects fraud or other improprieties in respect of the original bet or your Cash Out request.

  11. PointsBet is not liable for any loss you may incur in connection with your use of the Cash Out feature or PointsBet accepting or denying your Request (including any loss incurred due to a delay in PointsBet accepting or denying your Request).

  12. PointsBet may, in its absolute discretion, change, suspend, restrict or cease to offer the Cash Out feature at any time and without providing a reason or advance notification, even where the Cash Out feature has previously been advertised to you as being available at a particular time or in connection with a particular event. PointsBet is not liable for any losses incurred by you in connection with such an action being taken.