Cash out or wait till the end | Bitcointalksearch.org

ethereumhunter

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Quote from: masulum on November 22, 2022, 08:08:13 AM

Quote from: Lucasgabd on November 18, 2022, 09:40:11 AM

idk, doesn't sound so hard for me
it comes to putting on a balance "your desire to earn more" vs "your fear of losing what you got"

there are way harder decisions to make in life like deciding if you marry or by a bicycle.

For me, not a matter of difficult or not. but more often decide to stop an making a cash out with a specific target. For example, if I start with $50 I will stop when I reach a minimum of $300. However, this does often trap me in bad results, because often when I reach $200 my winnings are forfeited. LOL.
But this can be a good point when we have to stop rather than not having a target when to stop because it can drain all the winnings.

Maybe when we can make the big winning on gambling several times, we should immediately stop and cash out before it's all gone in the next round. This often happens to us after we earn a lot of money or win a large amount. And, of course, we will regret it after we lose a lot of money because we already have time to withdraw the winning money. But what happens is that greed makes us continue to gamble and in the end, we only experience defeat instead of getting a lot of wins.

masulum

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hmph..

Quote from: Lucasgabd on November 18, 2022, 09:40:11 AM

idk, doesn't sound so hard for me
it comes to putting on a balance "your desire to earn more" vs "your fear of losing what you got"

there are way harder decisions to make in life like deciding if you marry or by a bicycle.

For me, not a matter of difficult or not. but more often decide to stop an making a cash out with a specific target. For example, if I start with $50 I will stop when I reach a minimum of $300. However, this does often trap me in bad results, because often when I reach $200 my winnings are forfeited. LOL.
But this can be a good point when we have to stop rather than not having a target when to stop because it can drain all the winnings.

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Quote from: Betwrong on November 22, 2022, 04:37:05 AM

Quote from: adzino on November 17, 2022, 12:53:19 AM

This is called gambling. High risk, high reward. When you saw that you were up by $700, you weren't satisfied and thought you could make more profit. You decided not to cash out your profit. So you were taking more risk to get more profit. But things didn't go your way and you ended up losing everything. Now think, was it worth taking the risk? How much more profit you would have made if you took the risk? If it was for like few more bucks, then no, you shouldn't have waited till the end and should have taken your profit. If it was like a few thousand more bucks, then yeah, I would say it was worth the risk since you initially placed only a $70 bet.

^^This is pretty much what are my thoughts about OP's situation. His initial bet, $70, is the key here. He was aiming to win 10x of his bet, and he wouldn't be fully satisfied with $389, or about 5x of his bet. $389 can't be a big money for someone placing $70 at once, so, you are trying to get what you really want, and you are ready to get nothing, and you don't want to stop halfway and get something which is not satisfying for you anyway.

For a small time gambler for sure this kind of amount is ready for cashing out for me its enough good profit because we know its gambling not all the time we have the chance to win twice or more at the same time in just one single game, sometimes this winnings can cause to brings back again with the 70 USD again as capital or less if op does not take a good run, but if you are a big time gambler and just a spare money and willing to take a risk its ideal to play more.

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Cash out is a very interesting option imho. I have seen it many time, but never used it. The button "cash out" really plays dirty on emotions. It always forces me to hesitate. Even if I made a silly bet like 1.10 and I am about to get money, this "cash out" always makes me think, but if (for example) other team scores on last seconds and I will lose my bet. I find it funny, that this option always offer you to take back less than you have placed, even though you are about to win and win much more than your bet.

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Quote from: adzino on November 17, 2022, 12:53:19 AM

This is called gambling. High risk, high reward. When you saw that you were up by $700, you weren't satisfied and thought you could make more profit. You decided not to cash out your profit. So you were taking more risk to get more profit. But things didn't go your way and you ended up losing everything. Now think, was it worth taking the risk? How much more profit you would have made if you took the risk? If it was for like few more bucks, then no, you shouldn't have waited till the end and should have taken your profit. If it was like a few thousand more bucks, then yeah, I would say it was worth the risk since you initially placed only a $70 bet.

^^This is pretty much what are my thoughts about OP's situation. His initial bet, $70, is the key here. He was aiming to win 10x of his bet, and he wouldn't be fully satisfied with $389, or about 5x of his bet. $389 can't be a big money for someone placing $70 at once, so, you are trying to get what you really want, and you are ready to get nothing, and you don't want to stop halfway and get something which is not satisfying for you anyway.

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If a gambler is not the greedy type then its better to always cashout before the end of a match especially during uncertainties times where the end is slightly unpredictable or the margin between the opponents is very small, there might be a drop as well frombthe expected odd but is just a simple application of wisdom in gambling and there are many reasons that might have led to this kind of decision.

1. When you begin to notice a drop in performance ofbthe team you selected

2. When they game is not already in favour of the side you supported

3. When a tragic event happoens at the cause of the match with one of the key performing players you confidence on

4. When your team receives cards either yellow or red

5. When you have already make some earnings with the first set predicted but not sure of the last result.

Lucasgabd

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Quote from: RockBell on November 17, 2022, 03:28:16 PM

It's a very difficult decision to make because the outcome is either the risk is worth taking or you lose. Sometimes, waiting until the very end or cashing out, as the OP said no risk no gain, but cashing out will put you on a much safer side and ensure that you don't lose all of your money, but it depends on the game. For instance, the Premier League match between Manchester United and Chelsea is an example of a risky one, but the way Manchester United played made it clear that they actually had the upper hand over Chelsea.

idk, doesn't sound so hard for me
it comes to putting on a balance "your desire to earn more" vs "your fear of losing what you got"

there are way harder decisions to make in life like deciding if you marry or by a bicycle.

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Quote from: RockBell on November 17, 2022, 03:28:16 PM

It's a very difficult decision to make because the outcome is either the risk is worth taking or you lose. Sometimes, waiting until the very end or cashing out, as the OP said no risk no gain, but cashing out will put you on a much safer side and ensure that you don't lose all of your money, but it depends on the game. For instance, the Premier League match between Manchester United and Chelsea is an example of a risky one, but the way Manchester United played made it clear that they actually had the upper hand over Chelsea.

But if you can already see the temporary win you get and it gives you twice your bet amount, you can choose to stop and take the money before the situation changes. But there are also types of gamblers who don't cash out or take the winnings but instead wait until the match is over. That's because the amount of money won will be even greater, but it has a big risk too, especially if we don't know whether the course of the match will remain the same as before or there will be changes in the middle of the match. And as wise gamblers, we must know when to stop.

RockBell

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It's a very difficult decision to make because the outcome is either the risk is worth taking or you lose. Sometimes, waiting until the very end or cashing out, as the OP said no risk no gain, but cashing out will put you on a much safer side and ensure that you don't lose all of your money, but it depends on the game. For instance, the Premier League match between Manchester United and Chelsea is an example of a risky one, but the way Manchester United played made it clear that they actually had the upper hand over Chelsea.

milewilda

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Quote from: adzino on November 17, 2022, 12:53:19 AM

This is called gambling. High risk, high reward. When you saw that you were up by $700, you weren't satisfied and thought you could make more profit. You decided not to cash out your profit. So you were taking more risk to get more profit. But things didn't go your way and you ended up losing everything. Now think, was it worth taking the risk? How much more profit you would have made if you took the risk? If it was for like few more bucks, then no, you shouldn't have waited till the end and should have taken your profit. If it was like a few thousand more bucks, then yeah, I would say it was worth the risk since you initially placed only a $70 bet.

This is gambling on where you do need to make out choices, decisions will really be depending or basing up on how much risk you would really be able to put on and this is where choices do been mold up.
Each of these decisions does really corresponds results and if you do choose up on cashing out midway then its your choice but bare up on the money that you had gained up which is only a fraction
and its impossible that you wouldn't think about the whole winning amount and this is where emotions do really take place.If you are really that not being mindful about huge wins
then pretty sure you would be sticking out on cashing out early as long you do able to see that you are really that gaining.

Lucasgabd

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Quote from: piebeyb on November 16, 2022, 10:10:49 AM

Quote from: MAAManda on November 16, 2022, 09:36:43 AM

Quote from: DaNNy001 on November 11, 2022, 05:25:59 AM

So what would you would advise as a gambler? is it better to collect the cash out or wait for the full cash

I think we have the same problem here. Some time ago I also placed a sports bet on Stake for several matches and the odds were more than 15. In the early matches my chosen team always won the bet, but in the last 2 matches, my prediction was wrong and then I lost it all.

My advice as a gambler here is: Be aware that a win is still a win regardless of how big or small the win is. Always remember that it is better to make only $10 or $20 on a $100 bet than to expect $200, $300 or more on a $100 bet which is definitely a higher risk.

Recently I applied what I said above, and the result? I get enough wins, even though the presentation is 10% - 15% of the initial capital.

"Win is win, and lose is lose. It's better to win only 1% of the initial capital than to lose all the money."

human nature is greedy and never satisfied that's what I feel when curiosity keeps wanting to look for something bigger but in the end all my money runs out, that's why in gambling it is necessary to control myself in gambling don't be too greedy take a little win that's enough as long as consistent will be beautiful in time Cheesy

do you have a process to avoid greed (or maybe not avoid but deal with it?)
what are some useful tools and strategies not to fall prey of your desires and be able to manage emotions after big wins and big losses?

these are some interesting question that come to my mind from time to time.

adzino

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This is called gambling. High risk, high reward. When you saw that you were up by $700, you weren't satisfied and thought you could make more profit. You decided not to cash out your profit. So you were taking more risk to get more profit. But things didn't go your way and you ended up losing everything. Now think, was it worth taking the risk? How much more profit you would have made if you took the risk? If it was for like few more bucks, then no, you shouldn't have waited till the end and should have taken your profit. If it was like a few thousand more bucks, then yeah, I would say it was worth the risk since you initially placed only a $70 bet.

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Quote from: nullama on November 16, 2022, 08:01:11 PM

Quote from: harizen on November 16, 2022, 06:57:45 PM

~snip~
That's not what OP means. OP is not keeping the money literally.

There's a "cash out" option in sports betting where users have the option to take the money before the game settles. It's an opportunity to get a win or minimize the loss once a game is about to end.

It's the part where a good decision has to consider. But the majority here even me want to take the full risks and decide to wait for the final result.

No one ever knows the future, so there's never a 100% sure answer.

But at the end of the day, if you just won big, it's usually a good time to stop and take all the winnings. If you keep playing, eventually your money will run out as the odds in the casino are against you.

It is not that easy when you are really feeling the game and keep winning. I know that most gamblers, even when they win big they keep betting because they can't control themselves. Only those people who are really in need of money think of stopping. I sometimes can't control myself, so in the end I lose my winnings, but sometimes I also tend to run away when I've won enough.

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Quote from: Sanitough on November 16, 2022, 04:25:36 PM

Quote from: DaNNy001 on November 11, 2022, 05:25:59 AM

Menh it is no easy to be a gambler. Well that the life
"NO RISK NO GAIN"

recently I placed a bet on different soccer games and I staked it with about $70 on accumulated odd of 10.36 which came out a total of $725.

After placing my bet I later check back on the games in my account to monitor the success of my predictions and I opened the betslip and I was given a cash out of about $389 and the matches remaining was just one game so I decided not to take the it...i decided to be a brave gambler and wait for the last game to be concluded and then collect the full money

But the last game didn't turn out the way I wanted it and I lost that $389

I have faced similar situation before and most times I often collect the cash that comes as a cash out then the result of the Last match turns out correct and instead of having the whole money I miss out and get a little chunk of it..

So what would you would advise as a gambler? is it better to collect the cash out or wait for the full cash

Well, it’s not all the time that you may get lucky and came out with your last bet correct, most of the time our last bet might be somewhat regretting because it will only make us lose everything we have. So always secure your profits first and foremost, and you can only do that if you stop betting and cashout your funds so you can go home at peace and enjoy your profits.

I can vouch for this , I have this experience that I gambled for 3 hours and triple my Money , but then suddenly Wifey called and I need to Go home immediately so i decided to put allt he money in single bet(I am playing local card game that time ) so telling my co players that this is my last game as I need to go home quicker and guess what? my bet fails and I go home with nothing , this is why we must not put our luck to the limit because all we can get is losses .

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Quote from: nullama on November 16, 2022, 08:01:11 PM

Quote from: harizen on November 16, 2022, 06:57:45 PM

~snip~
That's not what OP means. OP is not keeping the money literally.

There's a "cash out" option in sports betting where users have the option to take the money before the game settles. It's an opportunity to get a win or minimize the loss once a game is about to end.

It's the part where a good decision has to consider. But the majority here even me want to take the full risks and decide to wait for the final result.

No one ever knows the future, so there's never a 100% sure answer.

But at the end of the day, if you just won big, it's usually a good time to stop and take all the winnings. If you keep playing, eventually your money will run out as the odds in the casino are against you.

We are talking about sports betting here and somehow, a strategy can be applied. Different from usual casino games where you will purely rely on their random algorithm and obviously, the house is really designed to give advantages to the casino.

You can't just say for a regular bettor that they need to stop after a big win and take all their winnings.

Anyways, the topic is not about stopping gambling. This is about what will be our possible approach when the "cash-out" option appears.

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Quote from: nullama on November 16, 2022, 08:01:11 PM

No one ever knows the future, so there's never a 100% sure answer.

But at the end of the day, if you just won big, it's usually a good time to stop and take all the winnings. If you keep playing, eventually your money will run out as the odds in the casino are against you.

Yes no one know about the future. But the thing is that we can handle the our assets by good management.

Like you are saying we should get out our funds if we win. Naturally human is greedy. He thinks he will get more if he will bet again and again but at the end he face problems of funds lost.

nullama

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Quote from: harizen on November 16, 2022, 06:57:45 PM

~snip~
That's not what OP means. OP is not keeping the money literally.

There's a "cash out" option in sports betting where users have the option to take the money before the game settles. It's an opportunity to get a win or minimize the loss once a game is about to end.

It's the part where a good decision has to consider. But the majority here even me want to take the full risks and decide to wait for the final result.

No one ever knows the future, so there's never a 100% sure answer.

But at the end of the day, if you just won big, it's usually a good time to stop and take all the winnings. If you keep playing, eventually your money will run out as the odds in the casino are against you.

harizen

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Quote from: seoincorporation on November 16, 2022, 10:12:45 AM

Quote from: DaNNy001 on November 11, 2022, 05:25:59 AM

So what would you would advise as a gambler? is it better to collect the cash out or wait for the full cash

If you keep the money in the casino could be a big temptation to place more bets, if you can hold the money without betting then wait for the full amount to withdrawal, and if keep the money there makes you place more bets then withdraw it by batches.

I have seen a lot of times users losing all their money because they decided to keep the money on the casino because they wasn't able to withdrawal. So, isn't a wise move to keep the money in the casino.

That's not what OP means. OP is not keeping the money literally.

There's a "cash out" option in sports betting where users have the option to take the money before the game settles. It's an opportunity to get a win or minimize the loss once a game is about to end.

It's the part where a good decision has to consider. But the majority here even me want to take the full risks and decide to wait for the final result.

Mahanton

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Quote from: MAAManda on November 16, 2022, 06:03:01 PM

Quote from: Altryist on November 16, 2022, 02:53:41 PM

If you play until you run out of money, this is a bad habit, it's an obvious sign that tells you that you are doing something wrong. In this case, it is worth clarifying what amount we are talking about. If you give yourself $10 for entertainment and don't care if you win or lose, that's one thing. But if we are talking about several hundred dollars, then this is already a problem worth thinking about.

I think the first experience of all gamblers is gambling just for fun, now the problem is not all gamblers stick to the principle of gambling for fun. As an example, myself and OP have the desire to win more. The question is, are you also a gambler? if indeed you are a gambling addict, I think you understand what the OP is talking about here.

Gambling is indeed for fun but even to those who are fully aware into their minds on how they should really be dealing with it but still they do fail on doing so because of emotions and sudden changes up of mindset.
When you do gamble then you are really that susceptible into this kind of situation where you would really be changing up those emotions and moods on the time you've been playing which even if you do have
that kind of thinking when you arent still playing but those things would really be changing up when you are on midway and i could really say this basing up on experience.
If you are longing for more profits then you would really be thinking about finishing up the game and still prefer on getting that full winning amount.

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Quote from: DaNNy001 on November 11, 2022, 05:25:59 AM

Menh it is no easy to be a gambler. Well that the life
"NO RISK NO GAIN"

recently I placed a bet on different soccer games and I staked it with about $70 on accumulated odd of 10.36 which came out a total of $725.

After placing my bet I later check back on the games in my account to monitor the success of my predictions and I opened the betslip and I was given a cash out of about $389 and the matches remaining was just one game so I decided not to take the it...i decided to be a brave gambler and wait for the last game to be concluded and then collect the full money

But the last game didn't turn out the way I wanted it and I lost that $389

I have faced similar situation before and most times I often collect the cash that comes as a cash out then the result of the Last match turns out correct and instead of having the whole money I miss out and get a little chunk of it..

So what would you would advise as a gambler? is it better to collect the cash out or wait for the full cash

Since this wasn't your first, you would have collected that very option given to you by the casino.
We really don't know how to manage greed in gambling and first when the option of giving a bettor a chance to opt out of a game when one is left was introduced, I thought the gambling industry would lose more but seeing this ga like this has really proven me wrong beyond every doubts

One thing I've learnt so far in the gambling industry is doing away with every win, no matter how little it is. I always told myself that every win is a win, no matter how little it might seem because I've always believed that half a bread is better than none.

Topic: Cash out or wait till the end (Read 5672 times)