Cash out in gambling is still king | Bitcointalksearch.org

wheelz1200

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Quote from: Cryptomultiplier on December 23, 2024, 12:24:25 PM

I have witnessed a lot of gamblers complaining how they were almost lucky after placing a bet because they had a cash out option but would rather wait for the last match to be green, to no avail, and they would be left hanging at the end of the day, with lost funds and emotional stress.
I always advice them to cash out early with the last match pending, because if they cash out on time, there would be a better chance of staking another match/matches with a better potential to win big rather than loss so much more.

Although to cash out early isn't always a welcomed idea for many, still, it is a wiser choice that measures up to qualify as a responsible decision that would enable one properly manage gambling risk, maintain sound mind and emotional balance as well as financial stability to some degree.

*Do you think to cash out early really helps mitigate the risk of losing much or chasing losses ?

*Is the cash out option availability a number one requirement for you when joining a new gambling site ?

I dont think there is one right answer as to what someone should do. What is known its nice when a site will offer cash out odds because then it gives you a choice. In terms of should you is the age old question. For me it still goes back to my personal odds vs the sites odds. If i think that the odds are still in my favor then i will likely ride it out. But there are things that alter that like, are you down a bunch and this will get ypur bankroll back to healthy. If so its not a bad thing to bank the money. Usually if im in the green i let it ride no matter what.

shasan

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Quote from: gunhell16 on January 04, 2025, 07:14:51 AM

Aren't there other casino platforms that when they see their players withdrawing a large amount, they will first stop granting the withdrawal request and ask if it will pass their criteria before they give it the authority to withdraw funds from their casino.

And the others are no longer able to withdraw because they require a lot of documents from those who withdraw a large amount from the casino or rejection. But if it is the right amount,
other gambling platforms allow it.

You are right when any gambling site sees an unusual withdrawal amount for that user the gambling site stops the withdrawal and then manually checks the withdrawal. And when the withdrawal is checked manually they approve the withdrawal and when they think their might have something wrong they might need additional verification.

tread93

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Quote from: Cryptomultiplier on December 23, 2024, 12:24:25 PM

I have witnessed a lot of gamblers complaining how they were almost lucky after placing a bet because they had a cash out option but would rather wait for the last match to be green, to no avail, and they would be left hanging at the end of the day, with lost funds and emotional stress.
I always advice them to cash out early with the last match pending, because if they cash out on time, there would be a better chance of staking another match/matches with a better potential to win big rather than loss so much more.

Although to cash out early isn't always a welcomed idea for many, still, it is a wiser choice that measures up to qualify as a responsible decision that would enable one properly manage gambling risk, maintain sound mind and emotional balance as well as financial stability to some degree.

*Do you think to cash out early really helps mitigate the risk of losing much or chasing losses ?

*Is the cash out option availability a number one requirement for you when joining a new gambling site ?

Hey at the end of the day a win is a win, especially if you are counting on the money and can't risk losing I would say that the cash out option is most definitely king and something that you should take advantage of if you can't afford to lose that liquidity. It might not be as much as you would have won and sure you might end up kicking yourself later but hey its something that is nice to have the option on.

Woodie

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Not until you have a 100x winner and you decide to cashout on a 5leg betslip because favourite team was down at the break of the first half and went on to win the game Tongue

these things happen Roll Eyes

Jokes aside, but I do agree with you that if the cashout offers given are profit making, then for sure this is golden but where the offer are like 30% of your stake..am certainly not taking that offer unless am 99% certain that my winning chances are running on thin ice!

But still, cashout is king Cool

LUCKMCFLY

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Quote from: Dewi Aries on January 08, 2025, 02:57:46 PM

So that means as a gambler we must really be able to appreciate luck, namely by taking advantage of the opportunity to successfully get the win to then cash it in and enjoy it, and on the other hand yes you are right that it doesn't matter if we want to play more but the point is you must really know and understand the consequences so that there is no regret at all, that's the point.

That's right, things should always be done in the best way, the withdrawal of our winnings at the casino should be the first and only option that every player should have, this will avoid from every point of view the addictions, regrets, and different things that everyone goes through.

At all times we have the power to decide what we will do with the money we earn at a casino, how it will be used and how it can be taken care of, that is where the personal decision is respected, only something like withdrawal is recommended to always have better results and in the long term.

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Quote from: AYOBA on January 09, 2025, 06:33:57 PM

But there some people’s didn’t understand that there just after how they can just get cast out immediately and lift of gambling is not like that, we have to know how to control out emotions since is involved of financial and anything involved of financial we need to have emotional balance as well.

As they say, "intelligence is low when the emotions are high".

And many gamblers are on that state when they forget about cashing out because they are feeling the sensation of being excited as they gamble.

While winning, they think that it is going to have a full run and will make them more money. But that's not how it goes for the majority of gamblers, regret comes when they see that their balance is starting to dry low and continuing becomes a huge mistake for them.

AYOBA

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Quote from: Cryptomultiplier on December 23, 2024, 12:24:25 PM

Although to cash out early isn't always a welcomed idea for many, still, it is a wiser choice that measures up to qualify as a responsible decision that would enable one properly manage gambling risk, maintain sound mind and emotional balance as well as financial stability to some degree.

Yes off course cash out early is seriously not good ideal in gambling, but once some peoples introduce themselves in to gambling their all expectations is to cast out early, instead of them wait for them to get more experience about the the gambling so that they know how to avoid the risks.

But there some people’s didn’t understand that there just after how they can just get cast out immediately and lift of gambling is not like that, we have to know how to control out emotions since is involved of financial and anything involved of financial we need to have emotional balance as well.

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Quote from: Wiwo on December 23, 2024, 12:29:56 PM

I don't wait for the last match to play out before I call it a day with my bet, especially if the bet is almost at 80% played and winning, I am not lucky enough to win all bets so for that I am always on the lookout for any possible chances to take profits and cashout is my most favorite features when it comes to sports bets.

in bet you need to be smart, theirs some bet that will give you profit immediately you cash out during the time all your games are still playing whereas you have be given an option to cash out, what I know very well concerning gambling and other betting is that whatever your mind permits you to do, you should do it, sometimes it will favor you or not, betting can make you lose and also make you win, and you can make regular profit on gambling when you're fearless and you a determined any out come in your stake of bet.

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Quote from: bias on January 09, 2025, 04:17:33 PM

Quote from: Wiwo on January 07, 2025, 01:23:30 PM

Edited out

One of the most common thoughts/ assumptions for bookies, is that they will lose if you win a game with big odds. That's wrong.
If you win, the amount that others will lose is greater than what you will win. If you lose and others win, the bookie still wins because the amount that everyone bets on low odds is greater than the amount that they play on high odds. Now put all the other markets accordingly. Cards, corners, goals, etc all work under the same logic. Thus bookies, don't care at all who wins and how much because in reality, they never lose a cent.

You are right in that angle though, because the bookies are always at winning Rio regardless if we win the game or lose. After all, we are the only ones making the bets on such a casino, but then on second thought, there is always a point where the bookies will lose outrightly as long as the gambler loses also same to booties.

It's business and it will have its down turn at some point, I remember when some guys won an amount and the sports bookie the bet was placed on said the lack capacity to make the guy's payment, so not always the bookies will meet up.

Ryu_Ar1

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Quote from: Cantsay on January 07, 2025, 06:13:50 PM

Quote from: blockman on January 07, 2025, 06:08:07 PM

We all know how it feels and we're all investors as well. When the pump comes and we didn't cashed out some profits, we tend to regret in the end. And that's the same when cashing out our winnings when we're done gambling but chose not to because we think that we'll get more and that's how we all end up having that regret and that's what the title is saying, it's true that cash out is king.

There are times when the option appears when our ticket is running the last game and it’s in its last minute - in such situation I’m sure you’ll not be tempted to click on cash out because deep down you are going to think that they just want to make you cash out the available money so you’ll get to miss out on the rest if the game turns out to be good.

The only time we would feel deep regret is when we still had lots of games running not when it’s just one that’s in its last minutes.

In the end, it all comes back to the momentum in the match because after all, when the situation is still favorable for the bets we make, why cash out before completion because it will reduce the odds that are already perfect for victory. But on some occasions when there are some things that are not too favorable then indeed the cash out option can be possible to do.

All goes back to momentum and seeing the match that takes place in betting because in the last match there are always some things that are not wanted to happen especially when the match minutes have entered the last half or even the last minutes before the match is over so in the end the momentum and choices must be taken whether we want to stay or try to continue the bets we have.

bias

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Quote from: Wiwo on January 07, 2025, 01:23:30 PM

Cashout is another feature that sportsbooks have presented that has given betters multiple choices, when you talk of cash for a bookies it may be a total loss for them, but to a gambler, he is already at gain regardless of what the amount is as long as is a bit higher than your staked amount.

Often than not some gamblers make some statements like cashout is a trap by the bookies to divert their attention and make them take less than they deserve in total winning, not minding the fact that they also can lose it all.

So cashout for me is a great feature that every sport bettors should pay close attention to.

One of the most common thoughts/ assumptions for bookies, is that they will lose if you win a game with big odds. That's wrong.
If you win, the amount that others will lose is greater than what you will win. If you lose and others win, the bookie still wins because the amount that everyone bets on low odds is greater than the amount that they play on high odds. Now put all the other markets accordingly. Cards, corners, goals, etc all work under the same logic. Thus bookies, don't care at all who wins and how much because in reality, they never lose a cent.

348Judah

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This procedure may be the best for some gamblers while to some, it may not perfectly suit their taste, because they may not like to alter their match whenever they have set for them all, also, some will give their own personal opinion that cashing out may be the only reason for them to missed out of a winning opportunity, but i think that as we have seen already, everyone should make their own decision as they could afford to have it consequences in gambling.

Cantsay

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Quote from: Jaycoinz on January 08, 2025, 03:14:39 PM

Well it's true that you are not supposed to feel regret during such case but believe me you would definitely feel regret when it happens to you and I say this because I had same feeling with one of my bet which was remaining sporting cp to win and they had just some minutes left to play of which I was offered cash out but like you said you would definitely not be tempted to take it since they are already winning but at the very dying minutes they equalized them.

To be honest, you’re right - no matter how little or far you were from winning you’ll still have that feeling of regret; the “had I known I would have just settled for the little cash that was available for me instead of having to go with nothing”.

But the truth is that you can’t predict if that last game is going to cut everything. - imagine you bet on home to win in a football match and at the 87th minute Home was leading with 1 goal and then the casino gives you the cashout option I’m sure majority of us here will let the game end, but even in that game it’s possible for Away to score an equalizer and make you lose everything. If something like this happens I’m sure everyone would feel bad but not as much as when they gave you the option in game you were not even sure of right from when you selected it but still decide to ignore the cash out option.

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Quote from: Victorybit1 on January 08, 2025, 12:24:50 PM

My friends and I have this group chat we created about sports betting, it's basically like a community where we share games and ideas. After we all placed a bet on the same game it was going quite well but when I checked the last game it was the match between Inter Milan and ac Milan, the option selected was 1x, which is inter to win or draw. Then I remembered how formidable ac Milan can be when they are on the away side, I had to cashout immediately while my friends still decided to wait till the game plays out completely, inter Milan ended up losing the game. Cashout remains king in gambling, it can save you from losing money.

Then regret will come at the end, but you are lucky to have a strong feeling where to cash out the bet, if only you are like your friend waiting until the end of the match then there is a loss of money.
So the opportunity must be taken as well as possible, because in any match it will not be your victory and can even turn around the opponent who wins, I also experienced several failures where late cashing in this situation.

Jaycoinz

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Quote from: Cantsay on January 07, 2025, 06:13:50 PM

Quote from: blockman on January 07, 2025, 06:08:07 PM

We all know how it feels and we're all investors as well. When the pump comes and we didn't cashed out some profits, we tend to regret in the end. And that's the same when cashing out our winnings when we're done gambling but chose not to because we think that we'll get more and that's how we all end up having that regret and that's what the title is saying, it's true that cash out is king.

There are times when the option appears when our ticket is running the last game and it’s in its last minute - in such situation I’m sure you’ll not be tempted to click on cash out because deep down you are going to think that they just want to make you cash out the available money so you’ll get to miss out on the rest if the game turns out to be good.

The only time we would feel deep regret is when we still had lots of games running not when it’s just one that’s in its last minutes.

Well it's true that you are not supposed to feel regret during such case but believe me you would definitely feel regret when it happens to you and I say this because I had same feeling with one of my bet which was remaining sporting cp to win and they had just some minutes left to play of which I was offered cash out but like you said you would definitely not be tempted to take it since they are already winning but at the very dying minutes they equalized them.

Bushdark

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Quote from: Victorybit1 on January 08, 2025, 12:24:50 PM

My friends and I have this group chat we created about sports betting, it's basically like a community where we share games and ideas. After we all placed a bet on the same game it was going quite well but when I checked the last game it was the match between Inter Milan and ac Milan, the option selected was 1x, which is inter to win or draw. Then I remembered how formidable ac Milan can be when they are on the away side, I had to cashout immediately while my friends still decided to wait till the game plays out completely, inter Milan ended up losing the game. Cashout remains king in gambling, it can save you from losing money.

It is all depends on what we want from gambling and our fate to keep holding unto the final winning.
Since every gambler do not have the same fate which means what you want and the amount you are expecting from your bet is different from another person that bet on the same game you chooses.
Some people have the long suffering character to wait for a bet to finish before they take whatever outcome they see from the bet. Same with people that are very eagered to cashout, maybe because they have not really made some good amounts of profits from gambling. Every gambler should know what they want without trying to seek for the opinion of others.

Dewi Aries

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Quote from: LUCKMCFLY on January 07, 2025, 01:52:39 PM

Quote from: Dewi Aries on January 03, 2025, 05:29:39 PM

Basically it is difficult to get a lucky streak and even 2x is quite difficult, so this is the reason why cashing out is always recommended to be done early, because besides being able to prevent you from regret, this action will also be useful and give you the opportunity to enjoy the results of the victory you get.

Yes, it is as you say, the lucky streak is something that influences a lot when playing, our luck is undetermined, we do not know when we will have it, that is why every time we have that stroke of luck we have to make the most of it, and I recommend that you withdraw the money when you win, it does not matter if you want to play more, if you want to play more then you deposit a smaller amount and play with that amount, it is better to do it this way to guarantee profits when those strokes of luck that we are looking for occur, you have to enjoy what you do and enjoy what you win.

I think we all realize that getting a win is not as easy as turning the palm of your hand, and well that's the reason why greed is often prohibited in gambling, it doesn't mean you won't succeed in getting a bigger win but the problem is what if it turns out to be a loss? Cheesy

, that's the problem and from most cases it has been proven that gamblers are getting more and more blind when it turns out that their greedy process doesn't produce anything and instead makes them lose more money.

So that means as a gambler we must really be able to appreciate luck, namely by taking advantage of the opportunity to successfully get the win to then cash it in and enjoy it, and on the other hand yes you are right that it doesn't matter if we want to play more but the point is you must really know and understand the consequences so that there is no regret at all, that's the point.

Victorybit1

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My friends and I have this group chat we created about sports betting, it's basically like a community where we share games and ideas. After we all placed a bet on the same game it was going quite well but when I checked the last game it was the match between Inter Milan and ac Milan, the option selected was 1x, which is inter to win or draw. Then I remembered how formidable ac Milan can be when they are on the away side, I had to cashout immediately while my friends still decided to wait till the game plays out completely, inter Milan ended up losing the game. Cashout remains king in gambling, it can save you from losing money.

blockman

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Quote from: Cantsay on January 07, 2025, 06:13:50 PM

Quote from: blockman on January 07, 2025, 06:08:07 PM

We all know how it feels and we're all investors as well. When the pump comes and we didn't cashed out some profits, we tend to regret in the end. And that's the same when cashing out our winnings when we're done gambling but chose not to because we think that we'll get more and that's how we all end up having that regret and that's what the title is saying, it's true that cash out is king.

There are times when the option appears when our ticket is running the last game and it’s in its last minute - in such situation I’m sure you’ll not be tempted to click on cash out because deep down you are going to think that they just want to make you cash out the available money so you’ll get to miss out on the rest if the game turns out to be good.

The only time we would feel deep regret is when we still had lots of games running not when it’s just one that’s in its last minutes.

It all depends. If the game is live and I'm watching it and my heart is running and ticking, I'd probably click on that cash out and will take my money. Better be safe than sorry, but that's just me and some of the people here might do the same.

Jody.Drummer

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Quote from: Fredomago on January 08, 2025, 01:17:14 AM

Quote from: Cantsay on January 07, 2025, 06:13:50 PM

There are times when the option appears when our ticket is running the last game and it’s in its last minute - in such situation I’m sure you’ll not be tempted to click on cash out because deep down you are going to think that they just want to make you cash out the available money so you’ll get to miss out on the rest if the game turns out to be good.

The only time we would feel deep regret is when we still had lots of games running not when it’s just one that’s in its last minutes.

Most of the time you'll take that big risk thinking that you have that edge though there's no guarantee but if you trust your instinct whatever happens you'll not going to take that option and you will proceed with what you believe, win or lose as long as you understand and you are willing to handle that big risk behind,

cashout is an option if you know how to accept smaller profits compared to your actual desire securing the win and not a big fan of regretting after.

Basically we must be able to consider the actions that will be taken when dealing with gambling, because this determines our fate in the future. It is certain that losses are something that cannot be avoided, but apart from that we must consider the actions that will be taken again if we really want to continue gambling again because most likely the result will be the same, namely defeat or loss of money that is bet. And we should be ready for the risks that will definitely occur in gambling, including one of the responsible gambling. It is better if we can prioritize opportunities rather than our own desires, I am sure everyone who gambles when they succeed in getting a win has a desire to get a bigger win and actually it is okay to continue it, it's just that we need to be ready to accept the risk with the opportunity for victory that has been obtained can be lost again.

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