Topic: Have you ever lost a bet in this way? (Read 534 times)

I see it as some kind of insurance and while some people would like to do something like that you are lowering your profits willingly for an scenario that does not come that often, as I said before this to me seems like a bad deal, if we make the calculations we will see that you are better off not taking this option, however it can be a life saver for those that made a huge bet and they do not want to risk it, but in that case you should make smaller bets instead of wanting for the casino where you play to offer an option like this.

Until the match is over, you do not know how it would be better to proceed - take the money right away or wait for it to end, right? And those matches that ended as they should, but at the same time you withdrew money before the end, are also losses in terms of profit, right? So what's the point of this if you don't know what to do at any given moment? Your know best choise only when event is in hisory already )

The cashout feature was also integrated on Betnomi and it actually a great feature if manage properly but it could also be a disaster though.

Some bookmakers manipulate the odds sometimes, that's why I don't rely on the odds when making my betting decision and it better to trust one's instinct than cashout the game in the middle of the road. Besides, gambling is a game of chance logically it can't be profitable always.

About to be won can still lose especially if the game is close, and also, no gambler would cash out at a lower value of the actual potential win if the bet is likely to win, like 90% chances. The cash out feature is indeed useful because it's a way to secure a win and to minimize the loses but I stop using it as it's more fun to stay at the normal way of gambling which is a win or lose situation only.

Cashout bet in gambling is similar to trading cryptos at times. Cashout bet is pretty much difficult to predict in terms of football games where the pitch is quite large and every player should contribute equally to win the game. Whereas in games like NBA or Cricket, cashout will play a really good role depending on the time and the players on the field. I have once lost a minimal percentage in a game between LA Lakers vs Miami Heat where Heat were pretty close to winning the game but lost on the final minutes.

I am not sure what caused the situation of losing the game, but it was one among the earlier cashout bets I did when I was not really good at gambling. I supported LA and bet on them but while the game was slowly shifting towards Miami, I cashed out to prevent further losses but to the contrary on the final minutes LA won and I lost a few bucks.

I would never wait till the end of the game or wait for the game to end if there are key players on the opposite team. The key players like Lebron could change the game altogether and its probably very risky to bet against them. So the same goes with Cricket too. We never knew the finals of World Cup would end up in a Super Over where both NZ and England were too good with playing in the finals. So it's always better to cashout on what you think the likelihood of the game would be rather than waiting and watching them by ourselves.

I do even have that kind of behavior when I do know that the team I had bet on would able to win the match, I do go away from my pc and turned back into it and decided
later on to cash out my winnings but Im in shocked when the match turns out to be a lost on my part when suddenly the opposing team do really make out some score in
last minute which it do really give out that kind of feeling where you do regret on not to secure out at least and since you are already being confident into your bet to
win then people would have the same behavior in most cases.This feature is best but people are way too greedy.

The thing sometimes matches don't go always as planned which is the reason why the "Cashout" option is the best and last option there is. There some matches where a guaranteed win doesn't look like it at the last minute as the opponent's team have scored or even win.

I also have experience it myself where I thought the game was gonna end in favor of what team I've bet on and later found out that they've lose which made me lose all my money instead of having it back or at least have some left by using the Cashout option.

It is there for quite some time at sportsbet.io and they recently removed the partial cashout option though. It's added at stake for a while and now even Bitsler is planning to add it. I am not sure of others as I don't bet too much on sports at other sites.

I usually don't cash a bet if it is going the right way, if it is going the other way I usually cash it out because there is a panic kind of situation for me. Even worst are the times when cashout is not available due to odds being suspended for the event.

Cashout is a useful feature only if you know when to use it and when not to use it, cashing out bets which you eventually win and not cashing out the ones you lose is a dreadful scenario and it happens with many gamblers. There is a small fees/edge when cashing bets, so don't cash it if the bet is about to be won.

I have experienced the same thing you described in your OP and didn't use cashout, so I paid for it greatly. I had a bet on a football team to win. They were leading with a two-goals difference and everything went as expected until one of their players got sent off. With about 20 minutes left in the match, their opponents scored two goals and the match ended with a draw. That cost me a few hundred euros of profits.

But cashouts have also worked in my favor a few times in the past. I remember one match where I had a winning X2 bet on a team. It was the 2nd half, and the game was a tough and ugly battle. My team began to struggle and an important defender got injured after losing a duel against an opponent player. He was taken off the field to receive treatment, but they didn't have a suitable replacement due to other injuries and suspensions. He was struggling to stay on his feet, so there were two options:

- He could return and continue the match limping on his leg.
- The team could make a sub and introduce a youngster from the youth ranks.

I didn't like either of those two options so I cashed out my bet when I noticed what was going on. The player eventually returned for a few minutes and was later subbed out. Not long after that, his team conceded a goal and lost the match. The youngster who came on wasn't to blame for the goal, but still. 

Not like totally take back the same amount that you bet.
Something like 10 percent of the whole bet only.
Like in Basketball when the team you are betting with is losing with a large margin but there is so much time left with a possibility to upset the game with enormous effort.
Did anyone tried to cashout at that moment?
Most of the experience I have read here are from the winning side.

That is part of gambling, and I think that what's makes gambling fun and addictive. The thrill and sudden turn of events. You'll never know what can happen last minute of a match, sometimes all you have to do is take the risk. I always fall on the same situation where I wish I could've bet more or  I could've cashed out my winnings and now it is too late. That is the real essence of gambling to take risk, just always follow what your guts say.

I am not fond of online betting, but if I made them, I would wait for the completion of the event without the early closing of the bet. Bookmakers offer too unprofitable odds, it is better to take a risk and win the entire bet. And you need to understand that you cannot win all the bets and you cannot "understand" which one will lose and close it ahead of schedule.

No one forces you to make use of that feature but at least bookies do give out such option for you someone to take.Its not on bookies concern
if you do have some halfhearted towards your bets because its up to you if you would make use of that cash out feature or not.
It true that this is business and its just normal that they would really be setting out something on not to hurt up their pockets.
Its just not relevant to treat up that way on where gamblers could abuse such thing which is impossible.

This is all gambling sir. Anything can happen even if the result is 2:0 until 92 min and im the end it is 2:2

I think that happened pretty recently in a year or so back i dont know if everton newcastle played but i think everton played for sure
But there is a meme going around how can i tell my kids it was 92 min the ref said 3 minutes of additional time and game ended 2-2

So that said anything can happen sometimes cashout should be taken earlier.

As a bettor we have the guts that we think we can make this game favor on us like you're watching your favourite soccer team, then they scored by 1-0 and you have the trust that your fave team could defend their score and can't let their opponent score for their team will give you a confidence to not cashed out while on game. And i bet there is no such betting excercises which you can get your winning cash while the game was still not finish like we say even you and your friend are used to put a bet on that simple game, you can be able to claim your winning price after game

I still have doubt that this feature will lead to the bettors begins confused about what he did and will I guess distract the bettor's mindset. Instead, bettors had an actual plan but in actuality, bettors might feel halfhearted or not even sure of the bet, instead of having potentially won, it will distract by this feature, this is only my own opinion. But it seems good and I agree with this feature at the end.
On my mind, there are pros and cons to using this feature.

Well, I dont regret it because when you picking a team and bet, it should a final decision, and do not cash out your bet.
What if you will win? Then you have been already cash out your bet? You will also perhaps regret those things that you have made a wrong decision. Place a bet of what you can afford to lose and not always feel regret while seeing that you have a loss. That is how gambling will work, it is very risky but once the luck will be with you, you will never know that you already gained profit.

It's a new feature for some but this can also help attracts bettors to stay on their site, the cash out option is very attractive especially for bettors that are constantly betting, they will find it useful. Cash out implies the word "minimize".. why? because it with this feature, you can minimize your loses or you can also minimize your winning if you cash out at a profit.

No, i will not regret about that. Shit happens, you know. Especially it's often happens in poker, when you have some "monster"-hand, like AA or KK, you're going ALL-IN and someone calls. This guy has any kind of shit on his hand, this doesn't matter. And finally, he get some combos like two pair or set and you still with your one pair of AA or KK. This happens to often, I would say.

So my asshole now is immune to such kind of shit, after a lot of games in Hold'em 

I know when to stop, and most of the time that's what saves me from losing a lot of money. I would have cashed out in a heartbeat without really losing too much from that instance except a few % of the potential winnings but that's it. It's hard to push your luck when luck already came knocking on your door; you'll never know just what's next for you.