Cash out in gambling is still king - page 2.

DaNNy001

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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.

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.

aylabadia05

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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.

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.

Hewlet

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

*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.

bitbollo

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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"...

iv4n

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

*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.

serjent05

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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.

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.

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

*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.

tvplus006

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

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.

SuperBitMan

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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.

Die_empty

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

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

The idea of cashing out and using the money to stake another game sounds reasonable to me since it increases your chances of going home with something no matter how small. But there are at least two outcomes to any decision you make in life. Cashing out of course will help reduce the risk of much loss but it also reduces your chances of winning big. Loss chasing is a different behavior. loss chasing is when you keep gambling because you want to recover a loss to the extent of losing control or gambling above your budget. Somebody can cashout and still use the money to chase losses.

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

I am not a high risk gambler and I always cash out at a single opportunity. Yeah, cashing-out option I will have to consider before signing on a sports betting platform.

cabron

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There are matches that you think you are sure you gonna win but when the match is going on, it can change your mind and you may lose more if your dog is losing, you still can csh out also while losing. So yeh it can save a few of your funds.

While you're winning somehow, the gambler gets hopeful to win it all, especially in parlay so it's hard to decide but it's chance in case the score becomes a tie. Soccer sucks when the score is 1:1

Alphakilo

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

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

Cashing out is the risk management style of some people who bet on games. For some of the others they have a different one and would prefer to wait it out until the game ends. Yet, we would be wrong to conclude that those who do not cash out will more often than not lose or chase their losses if eventually that is the case. There are good wins that have come out from those who waited it out you know.

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

No. You want to know that you are joining a gambling site that will not scam you with KYC requirements and whatever ambiguous rules they have that are used to withhold the funds of their customers when they request for withdrawal.

BABY SHOES

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

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

If you think wisely then cashing out early is to reduce the risk where you have a chance to win the bet without having to go to the end, if the goal is to chase losses, it means that you have lost big before.

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

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

No... this is not the main requirement for me to join a new gambling site... but this is an option offered by the bookies in every sports bet, whether the casino is new or old, you still have this option, right?

Mia Chloe

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Cashing out is a two way thing sometimes it could turn out a plus on your end other times it could turn out a minus on your end too. I think most times it's better to use it to your advantage as a calculated risk instead of placing so much dependence on luck. Take for example you place a $100 bet and you bet on away to win on soccer and the home team has literally 3 goals against the away team with no goals.

In a situation like this it's ok to cash out if the game is almost at a close because the odds of the away team winning is just to thin to continue staking on. Anyways some gamblers have the policy of not cashing out or closing bets till the end of the game.

Orpichukwu

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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.

SmartGold01

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What happens is if you wanna gamble there should be a target or focused about what you are doing or your basic interest in gambling. Let say if your interest is for the winning ( income) you should focused on that, but if your interest is for the fun then no need of cashing out while you are gambling. The thing is, if you can't endure waiting for the match to run till the end then you cash out, but if you can or trusting yourself about your predictions then fine wait while the game keep running.

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Quote from: Oshosondy on December 23, 2024, 01:11:32 PM

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

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

If you have a long parley and you have won huge amount of money and it remain one or two matches but can cash out huge amount of money, it is better to cash out.

If you have just one match and is currently being played and not favoring you in a way that the cashout amount is less than your stake amount, it is better not to cashout.

This is a good decision so that you can still get some wins that exceed your bet amount, and if the amount of winnings obtained is quite large then cashing it out is the right decision. Because emotions and greed can arise which will change your winnings and your bet amount will be lost if you don't cash it out immediately, and that is a regret that will make you regret and can't sleep because I have experienced it and it is a valuable lesson.

And also if you are just starting out and have not made a profit but have reduced your bet amount then it is better not to cash it out because you will cash out money that has been eroded by losses.

Richbased

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

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

It depends on the target of the gambler because some people place bets that the possible outcome will amount to the actual amount they needed to attend to something they want, so giving them a cash out option make not really make any sense to them since the cash out amount may not literally solve what they needed to use the money for, if it greens. However, the cash out option has helped a lot of gamblers achieve some winning from gambling since they will not wait till the full events in their bets are concluded but it doesn't mean that the introduction the cash out option made gambling become easier because there are also some gamblers that regretted cashing out their bets and all the events ended up playing accordingly in the end. But to be honest, cash out really helped to reduce the risks of losing entirely in gambling.

Crypto Library

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

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

I have two experiences in this regard, but I will say that early cashing out is not only possible to reduce losses, although the suggestion I will give indirectly affects early cashing out. I always think that when we sit down to gamble, there will be a strategy in advance that after losing a certain amount, we will stop gambling like that day or a certain amount if we win that we will stop gambling like that day. And in this case, I always think that those who gamble regularly will keep their expectations low in terms of profit booking. In this case, indirectly speaking, if you cash out early but stay within the limit according to your strategy, it is okay.

Oshosondy

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

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

If you have a long parley and you have won huge amount of money and it remain one or two matches but can cash out huge amount of money, it is better to cash out.

If you have just one match and is currently being played and not favoring you in a way that the cashout amount is less than your stake amount, it is better not to cashout.

Hispo

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

*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 believe cashing out indeed helps gamblers to have more options when comes to risk management and bankroll management. There will be always gamblers who like to go with the all-or-nothing mentality, but it is not the case for all the people within this market which is so vast.

As for me, having a cashing out option for bets is a must have for bookies or casinos I decide to give a chance to, the whole point of choosing a casino/bookie is to find one which give us as many options as possible to adjust our risk and stake to a level we feel comfortable with. If people want to go all-or-nothing, that is their business and there is nothing wrong about it, though people like me which like to mitigate risks when possible and not to allow greed to completely take over, those options are very important.
I have already read too many stories of bettors who lost all their wager because they allowed greed to take over them and, in the end they ended up with nothing, having the option to cash out earlier.

It depends on the personal point of view of each one of us, I guess.

Topic: Cash out in gambling is still king - page 2. (Read 286 times)