cash out or let it ride? - page 4. | Bitcointalksearch.org

Gozie51

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Quote from: NAPK1NS_RA3 on May 02, 2024, 09:02:04 PM

I cashed out haha, yeah Milwaukee lost so it was the right decision, the cash out went up a lot so I just took it

It was looking like it when I checked their stats. Moreover, the odd happen to be the highest in the list of your games. Bucks is at the top then I would fight to retain the spot.

Anyway you are lucky to have cashed out because by now it would have been regrets for you. Greed is the reason that some gamblers don't win as much as they should have, ordinarily if you had left it then you would have been counting your loses. Congratulations to you for taking such step of cashing out.

Marykeller

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Quote from: NAPK1NS_RA3 on May 01, 2024, 11:52:56 PM

EDIT: I CASHED OUT!!!

That's good to know that you later cashed out because an opportunity like this doesn't usually come always. You can choose to wait until the end of your bet game and later lose to it. It has happened to many several times and they got depressed after they have lost the bet of making them wealthy for life.

My advice to you as you have cashed out huge amounts in gambling is never to try to bet with a huge amount from the amount won because you won't be this lucky of winning $50k again. However, use the $50k wisely so that you won't complain about how you won $50k from gambling and you didn't do any useful thing with it, other than gambling

Mrbluntzy

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Staked $1500 and cashed out $40, 000 ++, that is not a bad profit if you ask me. So many gamblers are even wishing to be this lucky. I showed this post to my friends and one said he can not risk up to $1500 in just one bet and if he does make such a mistake, he will be so quick to cash out even if he only made 100% profit. OP, you already won a huge amount and there is not need to look back even if all the games later became successful.

AHOYBRAUSE

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Actually, the picture didn't make any sense so I consider it a fake.

How can the total win amount be 96k and he can cash out 50k with 3.75 odds of the parley missing, it doesn't make any sense, mathematically and logically
A reasonable cash out amount would be 20k, but never ever 50k. He wouldn't even get a 50k cash out if the odds of the missing game would be 2.0, yet again 3.5 is absolutely impossible.

The total odds of his won bets multiplied together are 17.16 x 1500$ = 25700$, also you get less when you cash out, so 20000$ , as I said.

Conclusion, just a troll.

STT

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Quote

EDIT: I CASHED OUT!!!

Kinda glad to hear that, I like a happy ending. I would have liked to also consider the option of 90% cashout 10% let it ride and so on. All depending on your own finances at the moment but most people should cash out the majority of their winnings to have certainty of a win in their main risk. Its also the case people are focused and lucky on a bet in brief periods rather then extended consideration of changing factors, ie. you might be right at start but nobody is correct always and the decision to close a bet should perhaps be even more cautious then the initial bet itself.

A few people dont need the money at all and can just make another bet another time and they will be fine on the money side either way so why go for cash if not required I guess would be fair also.

Poker Player

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I see that most responses would have opted for cashout, just as the OP eventually did. I probably would have done the same but I don't understand sports betting much. In poker I would have kept the bet depending on the odds. If I know that in the long run out of every 2 times in a similar situation I will win double it makes sense to stick with the bet if I know I will win every 2 times frequency or less, every 1.9 times, 1.8 etc. If you want it in percentage, it makes sense to continue the bet if the probability of winning is greater than 50%. If out of 100 times 50 I stay at 0 and 50 I win 100K, I'm as if I stood up. But only if I have a 51% chance of winning, it is profitable for me. And the higher the probability, the more profitable it is.

Here we would have to take into account to what extent the probability that we sign has a margin of error, because frequently there is a subjective intuition in the assignment of probabilities, and the economic situation, because if 50K is a lot for me the best thing to do is to secure the money.

bangjoe

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Quote from: milewilda on May 02, 2024, 02:13:24 PM

Quote from: usekevin on May 02, 2024, 02:07:00 PM

Quote from: bangjoe on May 02, 2024, 01:59:17 AM

To cover a much greater risk it is best to withdraw some, one loss will destroy your parlay bet sir and you will lose everything, so I think it's better to cash it out than regret it, unless that amount of money is not much for you or is just considered pocket change from the income you have, A person's situation will affect how the decision goes, someone will be greedy or not it depends on how he lives finances every day, it's relative, but for me that much money I would have taken to buy some necessities or play another time for a crazier bet, I think you are pretty good at this bet, congratulations sir.

The gambler who want money in the gambling should ready to take risk in the gambling,mostly discussed point the gambler should take the gambling responsibility.If you had get the profit of 20 percentage from the capital,it was better to withdraw the funds.Because the loser in the gambling the person who try to solve all his financial problems in one game.Enjoy the minimum profit from the gambling and make sure you are not going to addicted to the gambling site by conquering the minimum profit from each game.

Because when the gamblers had loss the funds by playing the game to get huge profit from the greedy.The final result will be the negative one,this leads to the gamblers to suffer from the loss.Finally the gamblers will get addicted to gambling and end with more profit at the end.

Also we do know that gamblers who do truly seek out for fun and thrill then they would really be definitely be finishing out on what they had started on where not all gamblers who would really be continuing and let it to finish are considered greedy or to those who do mind about money because whenever we do make out on such decisions on certain conditions then this would really be added up on the thrill on which this situation
could really be able to pump up your blood knowing that you had already made out some money with this parlay. Take it or leave it or let it ride would really be the main thing that you do have in mind.

Just like on what others been saying that i've been through with this kind of situation specially on early cashing out on where it is really that too tempting on pressing out that option
because the main thing that we do have in mind is that it is already that a sure profits or money for us.

The thrill of a significantly increased money value like that will actually give you more pleasure, where in the first position the prediction we made is correct and we get a profit that is not even imagined before.

I don't know what option OP took after several people gave their opinions, did he pull it or leave it and what about the final result of the parlay bet, I'm very curious and really want to see it, it's just much more interesting now, but I haven't seen OP show it back on the forum, or maybe I missed it?

michellee

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Quote from: 0t3p0t on May 03, 2024, 12:46:43 AM

If I were you I will cashout 90% of that money then if you find yourself lucky enough to place another bets for the next league you could use 10% for that. That is for me a sure and safe return and I will never waste that opportunity to lose it all again so much better to play safe. Here in my country that amount of money is huge so why not take profit right?

It's better to cash in immediately while we still have the opportunity to do so. No one knows if we can win more money from gambling and if we have seen a profit from the bet we placed, we should not delay cashing it out. It's better to get some money than none at all.

If our profit is greater than the amount of our bet, that means we have made a profit and must withdraw it immediately. But other people will make different decisions because they may still believe that the results of the match will give them a bigger win. After all, that is money we can take and should not waste.

But if there are people who don't want to cash it, we should just let it go because that is their decision. We can only suggest it and the rest will be his responsibility.

lienfaye

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Quote from: NAPK1NS_RA3 on May 02, 2024, 08:57:13 PM

thanks for all the responses everyone, I did end up cashing out, when Lillard was confirmed to be playing the cashout went up a good bit so I couldn't help it

turns out I made the right decision! next stop, Cancun!

Good for you. Because regardless of the result, you still have a good sum of money so there's no regret. Sometimes it's better to choose the safe side rather than to take risk then will end up having regrets because your expectation didn't happened.

If i'm in such situation no doubt I will choose the same way too. Because even there's only one left game, the result is still uncertain therefore cashing out is the best decision.

Nwada001

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Quote from: NAPK1NS_RA3 on May 02, 2024, 09:02:04 PM

Quote from: dansus021 on May 02, 2024, 08:59:10 PM

are u had luck in a year and put it on that game Grin

is that a winning streak $1,500 to return nearly $100,000 If I were you Im going to cash out 85% of it and let it ride the rest dude you literally generate 100K that is a lot of money and don't let the greed eat your body right now I mean if you win again you probably earn more but cash out is also needed in my opinion. Grin

Tho if you had the confident cash out 85% and you can still play with the 25% and if you had the luck to you probably can earn 100K again in the next game hahah

I cashed out haha, yeah Milwaukee lost so it was the right decision, the cash out went up a lot so I just took it

Indeed, you are one lucky dude, as this could have been another thread of someone who asked for public opinion if he could cash out the game or not, and why still calculate the risk? It turns out the game played in his favour, and he lost both what could have been cashed out and what he was expecting.

50% of the total winning is really better than risking it all; that amount is a big profit. Calculating with the amount you used to wager on that game, you made the right decision in my opinion, although others will argue otherwise.

Odohu

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Quote from: NAPK1NS_RA3 on May 01, 2024, 11:52:56 PM

$1,500 to return nearly $100,000, the Milwaukee Bucks are the last leg, would you cash out for just over 50% of the payout or let it ride? Let me know below. I cannot properly hedge this parlay so I can either cash out or let it ride.

EDIT: I CASHED OUT!!!

You did the right thing which is exactly what I will do if I was in your shoes. I will not be able to forgive myself if I come this close of winning huge and missed it because of greed, which is the only thing that can make someone not to cash out unless the person is extremely rich. A win of $49.5k with a $1.5k bet is $48k profits, I will take this and bounce instead of waiting to win $96.5k. Do you know you can even decide to bet the remaining match with $20k after cashing out and you will still be in good profits, although I do not support you doing this.

As soon as I'm offered up to 50% of my target win as cashout and depending on how much we are talking about, I will cashout and wait for the next bet. I have lost count of how many times the last game killed my bet, so I don't take chances now.

danherbias07

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Quote from: NAPK1NS_RA3 on May 02, 2024, 08:57:13 PM

thanks for all the responses everyone, I did end up cashing out, when Lillard was confirmed to be playing the cashout went up a good bit so I couldn't help it

turns out I made the right decision! next stop, Cancun!

Very nice! I didn't like the way the Milwaukee Bucks are playing and I may have also cashed it out if ever I were in the same position as you. You did the right thing and I bet there's no regret, not even a little after you see how the Indiana Pacers dominated the game against the Bucks. It's an eyesore actually because I expected it to be a bit of a close game but we could now say that the Bucks badly need Giannis to win their games. They played hard in Game 5, but that's it. The Pacers adjusted well and it made them win the first round.

Congratulations on your big parlay. How I wish I can end up in the same position someday. Well, the sports never ends, there will always be a chance.
Cancun!

Samlucky O

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This thread is just exactly thesame as mine who I create some time ago which is cashout or wait till the end?. For me I think cashing out is good knowing truly the money is not your own and you made your way to that level, it is a golden opportunity to cash it out. Since you are left with only game, you should just take it. Most people has fall victim of this several times and have regretted there after. If you wish to let it ride on its your choice but if it doesn't play as you wish, you shouldn't blame anyone for not advising you. Or better still if you are disturbed that the remaining game will play then you have to cashout the running game and use some portion of the money you cashout to play the remaining games atleast if it play, you stand a chance of wining two tickets but if it doesn't play you have already made some profite in the first game.

0t3p0t

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If I were you I will cashout 90% of that money then if you find yourself lucky enough to place another bets for the next league you could use 10% for that. That is for me a sure and safe return and I will never waste that opportunity to lose it all again so much better to play safe. Here in my country that amount of money is huge so why not take profit right?

Litzki1990

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You are a gambler and you must have specific goals as to how much capital you will spend on your gambling activities. Let's say you are running your gambling program with a total of $300 and divide this $300 into three parts and gamble in three steps. You should keep $300 in your account for gambling in three steps and cash out the remaining dollar the profit you made because you already have enough capital to gamble. If you decide to use the profit from gambling to use that profit again as capital, then if the result of gambling ever goes against you, you will lose your past capital and part of the profit later. If this happens, you will definitely be disappointed, so you should cash out your profit in advance so that you don't have to be disappointed later.

Porfirii

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My most sincere congratulations to the OP for the (very) big win.

I tend to say that I wouldn't change my initial plan and that improvising while betting is not a good thing, but in this case you definitely made the right option because you got your prize with almost no discount. I mean: you had more or less 50% of probability to simply double a very big prize already, and this is a bet you can make whenever you want in the future, so not a big deal.

I'm used to parlays where you can't cash out early (in my country this is the tradicional way to play "la quiniela"), and prizes grow exponentially after every win, so the last match really makes the difference between still a good sum of money, and winning several millions. Anyway, that was not your case, so congratulations again for your good decision.

moneystery

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Quote from: NAPK1NS_RA3 on May 02, 2024, 08:57:13 PM

thanks for all the responses everyone, I did end up cashing out, when Lillard was confirmed to be playing the cashout went up a good bit so I couldn't help it

turns out I made the right decision! next stop, Cancun!

that's right, that's the best decision, because 50% of the reward is also a large amount of money, so it won't disappoint you if you withdraw the money. but congratulations in advance for your successful bet, hopefully the money will be a blessing for you.

Hirose UK

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I also sports betting fan who also likes the multi-betting method, this will give much larger odds than what can get if only bet on one betting option at time.
But what get is return that is worth taking, the cashout shows profit that is really quite large and this is challenge for every gambler who experiences it.
If it were me, I would do cashout because if we fail or lose in the last match then we won't be able to enjoy the huge amount of profits that are right before our eyes.
Opportunities like this are very rare and I sure that from all the many bets you will rarely find an opportunity or chance like this.
But back to the mentality of every gambler, if you believe and believe in success then that is reason to continue and of course you have to be prepared to lose that amount of money if you fail.
It just that today for the last match you seem to have failed because the one who won the match was the Pacers, and by the way, congratulations on the right decision by making cashout, enjoy your victory.

CODE200

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Quote from: NAPK1NS_RA3 on May 02, 2024, 08:57:13 PM

thanks for all the responses everyone, I did end up cashing out, when Lillard was confirmed to be playing the cashout went up a good bit so I couldn't help it

turns out I made the right decision! next stop, Cancun!

So glad for you that you did the right decision, Bucks is such a deceptive team to bet on, they're good at times but when you need to be good because you've placed a bet on them, they suddenly fumble. Congratulations for a well done decision to get out while you still can. I think that it's for the best that you did, I don't think that anyone would do it otherwise unless they're a insane and the risk is making them get high somehow. Financial tip for you though, make sure that you're not going to be losing all of that wins for your vacation trip, there's no way that you'd want to be ending that trip in a sudden depression because you've spent all of your money from the Cancun vacation and it's also easy to get lost in there when it comes to spending especially with how huge winning you've got, you will have this subconscious thinking that you've got a bottomless wealth.

NAPK1NS_RA3

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Quote from: dansus021 on May 02, 2024, 08:59:10 PM

are u had luck in a year and put it on that game Grin

is that a winning streak $1,500 to return nearly $100,000 If I were you Im going to cash out 85% of it and let it ride the rest dude you literally generate 100K that is a lot of money and don't let the greed eat your body right now I mean if you win again you probably earn more but cash out is also needed in my opinion. Grin

Tho if you had the confident cash out 85% and you can still play with the 25% and if you had the luck to you probably can earn 100K again in the next game hahah

I cashed out haha, yeah Milwaukee lost so it was the right decision, the cash out went up a lot so I just took it

Topic: cash out or let it ride? - page 4. (Read 1090 times)