Can you drain water from above ground pool and keep the pool up?

Unless you had the pool installed with a bottom drain there is not a drain on an above ground pool. You'll have to pump the water out using a sump pump or siphon it out using a garden hose. Please note having a bottom drain in any pool does not indicate that it is an actual drain as in house Plumbing. The Word "drain" or "main drain" is used most likely for lack of a better term. The only way to drain any pool is to use a portable pump and pump the water out.

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