Topic: cash out or let it ride? - page 7. (Read 1012 times)

Know your risk appetite. If you can let go the current profit and accept losing the amount you staked, then go for it. Been in such situation wherein out of my 5 bets, only one have failed which made me lost the whole wagered amount. Personally, it made me regret being greedy because to me, the profit was already decent and it was just me having desire to win more than to be contented at that time. Keep in mind how gambling works; no assurance of winning. If you'd be unlucky on the last match then be prepared to lose it all. Whether you pull out or push this bias, it all depends to you and no action will be invalid simply because everything relies on your decision as gambler. Just be mindful of the consequences.

I think the ball is in your court and only you have the final say in this and it all depends on your level of risk taking, how far your can risk your stake of $1500 are you willing to risk it a little further? My advise is for you to cash it out because the main purpose of  gambling is to win money and make profits and with the games won so far you have made a huge profit already so instead of being greedy and losing everything if the remaining game eventually cuts its better to walk away with the money already won. Or would you rather lose everything than go away with $49565? There is every chance of losing the game because gambling has a 50/50 chance of winning so it’s better to cash out and walk away with the available money.

I believe this will never happen to me because I wouldn't dare to bet $1.5K in the first place.

Since $49K is really big for me, I would cash out without think twice, I'd rather to double my money by investing in Bitcoin even though I need to wait for 2-3 years rather than go for 50/50 (it's actually not 50/50 since you're choose the underdog team).

Exactly what I’m thinking when I read this comment. I remember this user keep posting bet amount that usually cost half million or more on single bet. Right now he is having a confusion deciding whether he will cashout or let it ride an amount that is way lower than his previous bets that resulted to lose.

He experienced the worst so I’m confused on the hesitation here on what to choose. For us normal gambler considering the bet amount. Taking the sure x33.33 of his bet is no brainer decision to cashout rather than risk it all.

Don't understand the last match but if you believe you'll win then you can continue, but with $50K in sight, do you cash out or leave it?

If you're asking here I would definitely say cash out rather than let it go because we know this is a huge amount that I've never won... So what's the thought of cashing out since the opportunity is right in front of you.

50,000 quid? I would cash them out in a second, wouldn't even think about it. Even less creating a thread here to ask for advice. If I think about it in equivalent hours worked, it is a lot of hours worked, and if it were a smaller amount I would still think about it, but with this one I do not risk staying with 0 in order to have 50,000 more.

Without thinking I would choose to cash out from risking $1500 to almost $50,000 what if the last match you choose loses you will lose the chance of getting that $50,000, so think twice before you regret it.

I know you are a reliable gambler, you can say the pope because you always bet a large amount of winnings, but this time it may not mean much to you even if there is a little regret later, right? For us it's worth it and can even change lives financially.

I never saw how this happened to me, because until then I would not bet large amounts.

Cashing out is better mate.

I'd get that $50k and would certainly be trying to bet on other games. It would be nice to have that full $96k win, but $50k is $50k no matter what. If you want, you can cash it out and bet on the same event live so no matter what happens, you still have something in the bag and could get some extras if your bet hits. There will be some regrets if you cashed out and your bet turns out to be a win, but it's a lot more difficult to bear the regrets of not cashing it out when you have the chance and losing it all.

Depends on a lot of factors but usually I tend to cashout because if you lose on your last bet you wished you would have cash out before that game and that's why I like to have something instead of nothing but if I have a game that I have high confidence that I can win it , then , I will let the entire bet until the end and see what happens.

Probably just go for cashing out, there's no way that you're going to not regret holding out to the very end when you know that there's an opportunity for you to get out but you didn't take it, it's all up to you though, are you the kind of madman that wants to take the risk for a bigger win or you want to play it safe and think for yourself that you've got so far already that it's not a bad idea to get out now. Remember that you can do 40 more parlays if you cash out now compared to losing everything. I hope you do whatever is the best for you, it's your money after all, just choose if you want to celebrate or reminisce, the latter being the saddest one because there's regret in it too and all the could've been scenarios with it.

The last leg on your parlay contain the most risky among the matches that you included on your parlay. We are talking about guaranteed 50K here while you are risking losing it all just to get additional 50K for a 3.75 odds?

You can just put that 50K from your cashout on a match that has 50% chance of winning rather than a match with 3.75 that payout only x2 of your bet. The cashout value is really high considering the remaining odds on your parlay is high.

Just cash out or if you want to keep betting. Place that 50K of your on that same match with 3.75 odds. This way you will have more return rather than continuing this parlay.

Seeing the amount of money you can get, you should immediately cash out before everything changes. If everything changes, you won't be able to see those big numbers and will only be sad and regret it.
It seems like you often get wins like that and you shouldn't be confused about the decisions you can make. This amount is already very large compared to the betting money you made so you should immediately cash out.
Even if you wait until the match is over, you will get even more money, but that won't always give you a big win. You need to think wisely in your behaviour so that you can cash out before everything changes.

The chances the last game is going to be won looks slim to me so i would rather let it Cash out because i know that if i let it ride and sadly i lose the game i will be filled with too many regrets so i will rather do that which will still be beneficial to me and not let greed set in, it's better i get over $49k than loose $1500 when i did actually had the chance of cashing out ever ×5 of the amount i staked, i mean the cash out amount is such a decent one that is a perfect ROI if you are looking at it from that perspective.

Staying safe enough to not appearing like you are looking greedy will help a long way to remain profitable in this and if you cash out out but eventually the game became a winner i still think there's no need for regrets because either ways you were still profitable.

Possibly a little bit of both. I'd also be intrigued if I had the opportunity to turn $1,500 into $100,000. Would I do it? Probably not, but it depends. Is $1,500 an amount I'm comfortably losing and is it a frequent betting amount for me? If yes, I'd go for it; if I'm already out of boundaries and it's a huge sum of money that simply occurred to have due to a lucky streak, certainly not. You could also opt to bet less than $1,500, such as half of it or as much as $1,000. You'd still yield great returns if you win, and if you lose, you wouldn't have lost all your money.

Is this guy bragging with his bet or he's asking for a real advice? He probably knows what he's doing, asking the sports betting noobs on the forum for advice seems more like a joke.
I would also cash out, this is the most logical thing to do. I wouldn't risk losing 49K just because Milwaukee couldn't win against Indiana Pacers.
I'm not a basketball fan and I think that 3.75 seems like pretty high odds.
And by the way, good luck with trying to withdraw that 49K or 100K profit from Stake.

Its simple, I bet $1,500 in a parley to win close to a hundred thousand dollars, and the total number of games on that parlay is 5 games (for example), and luckily, 4 out of those 5 games have played, and by now, I am offered a cash out of around or over $45k out of a total potential win of close to $100k, man, what exactly will hold or stop me from accepting the cash out offer?, I will gladly accept the cash out offer and never look back to know what the remaining game played, whether I should have won it if I let it ride, or lost it, I don't mind, what matters at this point is that, my bet of $1,500 gave me a profit of over $43.5k, I will be so happy with this amount, after all, this is not a business or a job with any form of financial guarantee or sort, this amount can vanish in any Second if that last game (for what ever reason) fail to go the way planned or thought or predicted that it should go, for this reason, I (again) will accept the cash out offer without looking back, after taking the cash out, i will look for another opportunity like this one to bet on, and possibly continue to the winning streak.

But on the other hand, we all are different, my comment is based on what I myself will do if I was in the same position, you may think, or see other reasons to believe otherwise, so the final decision is always on you, for the consequences is also on you to bear.

 How would you let such huge sum ride,I'll better cash out than let it ride,it's just like having a bigger opportunity to win and you decide to walk away from it and let it be.who does that this is $1500.
Letting it ride will only make you loose all this money got,if you don't want to cash out why then coming this far

I'd cash out, cashing that out is a guaranteed 3000% increase on my funds, but knowing you post history, I have a feeling that you'd wait it out and see what happens.

if you are not going to cash out, update us once the last game is over I am curious to know what's the result of your bet.

if you check his previous post, the guy seems to be a high roller, so this bet of his is quite normal for him to make.

OP is a pro with sports betting, so he already knows what to do in that situation.
I dont believe that he is not able to hedge this parlay hehe, 100% he wont cash out the parlay, but he will watch the game and be ready to bet on the Pacers.
He wont lose any money, no matter what is the result - he will definitely win something in the end.

This last game might be tough for you to come out of it and it has the highest odd so far in your games that you have already won meaning, the odds and cash out that they have given to you favours you. At the time closer to the game, the cash out value may reduce, take your decision now.

To analyze a little of this game, bucks is still on the top of the table with Indiana behind at 47 while bucks is at 49 points. Bucks on aggregate before this match that is the match between Indiana pacer is 2/3. So if bucks being at the top of the table while on the aggregate they are behind by 2/3, they would give in their best not to lose this match, therefore they would be aiming for a win to equal at 3/3.

My candid advise for you is to quickly cash out what you have been given and not to be greedy on it. That is what you will not regret but what you will regret is losing all.