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Topic: Cash out in gambling is still king (Read 188 times)

legendary
Activity: 3416
Merit: 1225
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*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 ?

The root of not cashing out early is greediness and not being satisfied with the winnings. You should make it a habit to be satisfied even if the profit is not that huge if you want to make money from playing.
Its not everyday that you can win and cash out and enjoy the game; you cash out, have some drinks, and be happy on the thought that you beat the house.
You only go all out if you can take the loss, be okay with the loss, and understand that the longer you play, the higher the chances that the house can take over and beat you.
full member
Activity: 658
Merit: 172
*Do you think to cash out early really helps mitigate the risk of losing much or chasing losses ?
If you can cash out early, you will save yourself from loosing money. You can cash out and then replay the outstanding game with your choice. Even if you loose in such a situation, you will know that you did not loose all the money you won. if you win as well, it becomes a double win. This option does not occur to people because they have no idea about this strategy, but I think it can help.
sr. member
Activity: 924
Merit: 365
Since having a cash out will give you some money higher than the amount bet with, why not cash out to save yourself the regrets of not having some cash with you. A half-bread is better than none.

Cashing out seems to be the best strategy some gamblers take, to have some money with them than nothing. It doesn't seem nice, you lose everything, to what you would have simply avoided by cashing out on time before the last game finishes
full member
Activity: 252
Merit: 57
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For those who can't risk cashing out the game while it's still running, sometimes what's best practice for such a kind of bet is to always try and place it on two slips; the amount to be risked will be higher, or you can just share the amount you use in staking the one slip to stake the two slips.

By so doing, there is a good amount that shows for cashout; the person can cash out one of that game and wait for the other one to finish playing. Even if it ends the other way, they won't completely lose that very day unless the game starts cutting from the first few games of the day.
Yes the idea is taking, of course I think is actually good for a gambler to split the game into two slips so that Incase if you want to Cash out it will enable you Cash out one and leave the other one to play finished. While most people's normally end up regretting at last after they have cash and the game finally play is because they didn't reason this idea before placing their bet. just like me ever since I experience  such thing in gambling I'm always calculative whenever I am playing gambling, so that Incase if I Cash one I would still have one as extra.
sr. member
Activity: 546
Merit: 268
If you keep a balance in your gambling account, you will definitely want to make unnecessary bets at times. Suppose I win five bets out of six bets in a week and all my balance is in the betting account, in this case I can't control myself easily or for my own good I must cash out from the gambling account so that the balance is not enough and unnecessary bets later on. But if I keep 10% or 15% of the balance without cashing out completely, it will be easier to make a deposit to the gambler's account later and make my next bet easier.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Of course the most important aspect of gambling is if you manage to cash out anything.

But the sad sad reality is that most people will never manage to cash out anything from gambling. Most deposits completely end up back to the casino. And the vast vast majority of people leave losers. Only a tiny fraction of those walking out of a casino walk out with profit. Maybe 10%.

So those saying they're good at gambling are always lying. Because if you keep playing it's a statistical impossibility to not become a loser over time due to house edge.
hero member
Activity: 1708
Merit: 553
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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 think the best known casinos sometimes have a cash out option and sometimes they don't, but if we look at the various situations where it could make sense, I think it's about the number of games you have played and how much you would lose if the last bet goes wrong. I think what makes a lot of sense when there is a lot on the line because a multi bet with maybe four or five games, watch the last one and decide how it goes. The way the game goes has the most impact on my decision. If you see that the team that is supposed win such that you win your multi bet is under pressure heavily, maybe taking out the bet via the cash out option is the way to go. If the game is on the fence, then either take it as a lottery ticket from there on depending how much more the payout would be, but if it goes well and only a lucky punch could destroy your bet slip, then either take the thrill or cash out. But the dynamic of the game, if you can follow it, is the most important indicator for me.

Now if you play one of these mega crazy multi bets and you are at 8/9 correct answers already, I don't know. Maybe it is important to consider how much you have staked as that contributes a lot to the multiplier. If you can like 10x your money and you bet with $5, then maybe it is ok to take take the risk than if you do it with $50.

But I am not a friend of huge multi bets anyway. Of course if you hit it, then it is fun but I think in most of these multi bets that have more like maybe five to six games on them, most people don't play with too large amounts.
sr. member
Activity: 756
Merit: 356
*Do you think to cash out early really helps mitigate the risk of losing much or chasing losses ?
Yes, I think so. The amount given for cash out is bigger than the amount staked so no matter what time you cash out, you're at a profit except you cashed out when the game was going negatively for you.
I don't blame people who don't cash out because it's not that simple. Sometimes it's a single game with an option that is sure to come. Imagine a team like Barcelona not being able to score a goal against Leganes at home. If that was your last game you won't cash out because there's no way you'd think Barcelona won't be able to get a goal at home against Leganes.

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

I won't say "number one requirement", but that's something I look out for. I don't cash out much so I can't say it's my number one requirement. 
sr. member
Activity: 1022
Merit: 363

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 ?



There's no need for us to wait for last match before to decide to cash out since seeing our stats if we are already winning or losing is enough for us to decide on what next thing to do. Since deciding to continue until the end of whole event is crazy and usually I don't bet all all matches around.

For question cash out early help to mitigate the risk of losing well yes for sure it is since you are just helping your self to avoid experiencing more painful defeat especially if you are having a rough day.

We should cash out when there's a chance to do it since its so bad to regret when  losing it if you choose to continue then lose at the end.
sr. member
Activity: 490
Merit: 346
Let love lead
I don't really love following my games one after another, it's another emotional turmoil for me. It's better staking it and visiting my bets when the last match has played for the day or the last match of the bet has played. I check if I've a win or not.

This helps me not to stake more than I planned too soon since regularly visiting your stakes can make you gamble more based on the outcome of your stakes. Moreover, if at the end of the day I visit my bets and there's a reasonable cash out, I can decide to take away profits if I need the funds to handle one or two concerns or to leave the bets for the next day games to play out.
legendary
Activity: 3318
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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 ?

There are other threads asking about that too and I think that the cash out leaves a lot of space to the casinos to abuse on this option. Most of the well known casinos will only offer you selective cash out options, for example where I play if I find a ticket with a lot of games that came through and only few are missing the cash out option disappears magically and I cannot withdraw. It is a shame because I use multi tickets with 25 games and odds of well over 80.000x sometimes and the cash out should be like 15.000 to 20.000x when only 3-4 games remaining and that should also serve as a teaser to the player, I would take that x20.000 any day and sleep tight rather than waiting all games to finish in order to get the maximum odd, casinos know this and play hard on us with such option. It is king but it is more of a trap I would say.
hero member
Activity: 1974
Merit: 502
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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.

I'd love to cash out once opportunity comes for a win, but not all gamblers as lucky as you because luck isn't for everyone else. However, looking into fun and excitement there's no wonder we're really having huge chances to experience same thing as others do with sports betting. Though we can't win exactly towards our target scores, at least we got good company as well.
hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
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.

Well good for mate. But for me it depends on the game and the circumstances or what I feel would play out, I have made many cash out of which many the actual game still turn out to play in full and believe sometimes greed would actually make you feel a little regret to why you cash out the game, that's from my own experience by the way. But on a general scale I think the percentage of gamblers that would agree on cash out is definitely more than the regular gamblers that take the full risk.
hero member
Activity: 1540
Merit: 772
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.
I confirm that and I will also support it. Securing profits from gambling more quickly is a decision that is sometimes difficult for gamblers to make, but this method is very wise so as not to lose more. Forcing himself to gamble when he is in a winning position, this gambler must know that he must be prepared for all the consequences, including total loss. But I don't know any gamblers who can really control all that well.
full member
Activity: 490
Merit: 225
*Do you think to cash out early really helps mitigate the risk of losing much or chasing losses ?
the nugget that says "never you fail to take profit no matter how little it is" is one that have huge application in this.

even though cashing out might be tricky sometimes and the rest of the games that is remaining might look like those that might end up playing, the fact that it is still uncertain if that will happen is one reason why you should always cash out except you are ready to face the trauma that comes with waiting till the end and end up finding out that things did not go out as expected. greed is a huge bastard that ought to be overcome while playing your bets because it is the number one reason why people don't like the idea of cashing out along the way. even though cash out is ideally set out by gambling platforms to distract people from getting the complete pay out, it is still a win win case for both parties.
legendary
Activity: 3276
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this is not a mistery Grin but unfortunately not often used by players or just an option offered by bookmakers.
nowadays is becoming something common at least in crypto bookmakers thanks to exchange and other p2p betting sites.
Without... its a serious issue for any gambler. if this option is used wisely it allows to achieve huge profits without any "settlement"...  
legendary
Activity: 3346
Merit: 1191
*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 ?

Well, when we cash out, we lose a chance to win more, but at the same time, we have a chance to keep the money we deposited and maybe some profit. We all know that greediness is the number one enemy of all gamblers, so cashing out with some small profit is always good... if you can do it. I am a degen, too many times I wanted to win even more (after winning x5 at least of my deposit), but it didn't end up well. So if you can & really want to withdraw it and give it another chance some other day with the same deposit.

If some casino holds withdrawals for any reason it's not good, nobody wants to feel that... so yes, the cash-out option and the speed of withdrawals matter to all of us! Nobody likes to wait.

legendary
Activity: 3052
Merit: 1281
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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.

This is dependent on whether the bettor is confident enough that his bet will win.  But obviously if the bettor is not that sure, cashing out early is the best option.  I also think that it is better to win a smaller amount of money that aiming to get bigger win but busting in the end.

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

Not really, I like exploring the available games on the site to feel the difference in how the game flows (possibility of winning) compared to the previous gambling site I played with.
legendary
Activity: 2268
Merit: 1655
To the Moon
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...

So what's the point of making new bets if you've given up on winning before, limiting yourself to a portion of it. I think that for most people, the goal will still be to get the full amount of winnings, and not to get crumbs from the potential amount of winnings. This is similar to trading, when a position is closed too early and the opportunity to make a good profit is lost.
member
Activity: 112
Merit: 61
It is only a greedy person that will hate or dislike cash out, if you are not greedy as a person you will cash out when a good amount of money is given to you, I know of a man in my town he was so poor however he was a gambler so he placed a game and the game played remaining 1 so they gave him cash out of 4 million he refused to take saying he wants the remaining 1 game to play so he can take 11 million and the end of the game it didn't play he lost the family where so angry at him that even made his wife to divorce him.
If you see a good cash out and refuse to take it then you are greedy the only cash out you are not advise to take is when the money give as cash out is same amount you used to play.
My uncle cashed out his game of 12 million when they gave him cash out of 6 million he collected it to you no that the next game did not play as predicted so please if you see a good amount given as cash out please accept it.
And yes cash out reduce the risk of lost in gambling and as a gambler is best we embrace it.
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