Have you ever lost a bet in this way? - page 2.

Boov

sr. member

Activity: 868

Merit: 256

Quote from: adzino on March 05, 2021, 03:57:12 PM

Your last example created some confusion. First of all, this is the first time I am hearing about something called "cash out" feature. From what I understand is that you will be given a chance to "cash out" your winnings, but will receive on 1.01x as the payout. This makes no sense, even further when you are talking about sports bet. You are saying that you can always cash out before the game ends, giving you less profit. If that is the case, wouldn't people be able to "abuse" this feature? Like place high bets, and then just use the cashout feature to make some guaranteed small profit. Or did I get this all wrong?

I don't really take a bets for my cash out in the first place because I wanted it to be used for some expenses like with daily fair going to work. One time I've tried making a lucky pick at gambling casino, but I lost everything so one day I never use the winnings for another possible chance. Highest bet could potentially put your investment at risk, better take your cash out instead of wasting everything.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Quote from: Botnake on March 05, 2021, 04:24:37 PM

Quote from: adzino on March 05, 2021, 03:57:12 PM

Your last example created some confusion. First of all, this is the first time I am hearing about something called "cash out" feature. From what I understand is that you will be given a chance to "cash out" your winnings, but will receive on 1.01x as the payout. This makes no sense, even further when you are talking about sports bet. You are saying that you can always cash out before the game ends, giving you less profit. If that is the case, wouldn't people be able to "abuse" this feature? Like place high bets, and then just use the cashout feature to make some guaranteed small profit. Or did I get this all wrong?

First of all sportsbook are not stupid to put this feature that would kill their money.

The cash out option are well calculated and it always favors the sportsbook, I'm sure there's a better explanation on cash out option maybe not in this forum, just search somewhere so you'll understand, or maybe the best thing to do is to try betting and use this feature.

Yes, there is, and it all explained very well in this article.
https://www.gamblingcommission.gov.uk/for-the-public/Safer-gambling/Consumer-guides/Betting/Understanding-the-cash-out-option.aspx

But there are some casino that has on this feature, but of course, I understand if there is a casino that not willing to give to this feature. Everything to them is money. Sometimes they don't care about their bettor's sides. But it doesn't mean they untrustworthy.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: adzino on March 05, 2021, 03:57:12 PM

Your last example created some confusion. First of all, this is the first time I am hearing about something called "cash out" feature. From what I understand is that you will be given a chance to "cash out" your winnings, but will receive on 1.01x as the payout. This makes no sense, even further when you are talking about sports bet. You are saying that you can always cash out before the game ends, giving you less profit. If that is the case, wouldn't people be able to "abuse" this feature? Like place high bets, and then just use the cashout feature to make some guaranteed small profit. Or did I get this all wrong?

First of all sportsbook are not stupid to put this feature that would kill their money.

The cash out option are well calculated and it always favors the sportsbook, I'm sure there's a better explanation on cash out option maybe not in this forum, just search somewhere so you'll understand, or maybe the best thing to do is to try betting and use this feature.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Your last example created some confusion. First of all, this is the first time I am hearing about something called "cash out" feature. From what I understand is that you will be given a chance to "cash out" your winnings, but will receive on 1.01x as the payout. This makes no sense, even further when you are talking about sports bet. You are saying that you can always cash out before the game ends, giving you less profit. If that is the case, wouldn't people be able to "abuse" this feature? Like place high bets, and then just use the cashout feature to make some guaranteed small profit. Or did I get this all wrong?

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Strongkored on March 04, 2021, 01:48:57 AM

I have heard about the "Cashout" feature but until now I have never bet on a gambling site that has this feature, so I have never experienced anything like you OP have experienced.

Where do you actually bet then? Because, most of the sportsbook have this feature nowadays. Maybe you aren't in sports betting and only gambling on casinos.

Quote from: Strongkored on March 04, 2021, 01:48:57 AM

There will definitely be regrets when we make a wrong decision so that it will affect the results obtained, but if I bet on a site that has a Cashout feature I would prefer to stay until the end of the game regardless of the outcome.

Yes, but it does not hurt to cash out a bet you see is going wrong. I give you an example, I made a bet on Djokovic in the French Open, against Nadal and once the match started, I had my hand on my head because it was just a one-sided match and there was no way Nadal was losing it. I realized that after the end of 1st set and cashed out my bet, of course, I got much less than my stake but still way better than losing the whole amount.

When you clearly notice that you made a blunder, it is a good option to cash-out your bet(s) and get out of the game. I often use this feature in the NBA games I bet. I wish UFC odds were offered live and I could cash my bets after a round or two because it feels painful to watch the fight and see your money go but not able to cash-out.

StartupAnalyst

sr. member

Activity: 728

Merit: 317

Crypto Casino & Sportsbook

I try never to regret the result of an action. After all, betting should bring pleasure and not other emotions. I also sometimes use the Cashout function. And I have never had any regrets about it. There were a couple of times that I did Cashout and my bet was going in. But here I think it works the same way as with trading. If you start to have a feeling of FOMO, it's better to stop betting or trading for a while. But you have to understand that trading is for earning, and betting is for emotion.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: ?? on ??

Well that depends on individual luck, I gamble in some sites and once in a while I use the cashout features if the cashout amount is manageable and gambling is a risk and luck I will just take what I have and move on most especially if am not too certain about my wining the bet.

It is what usually a bettor must do. If he's not confident anymore and he's too careful about the next games that he'll bet on because of the risk. He has to cash out and take whatever you could take on your balance but you can leave a small amount for you to continue.
Because of the fees, some will regret withdrawing it and that's the lazy part that we can understand but you shouldn't let yourself hang without getting anything back from your own wins and bankroll.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: hahay on March 05, 2021, 09:14:00 AM

I personally have never taken advantage of the "Cashout" feature so I can be sure that I have never experienced defeat that way. I have been accustomed to leaving the bet when I have put in money and will never check the bet until all the matches are over, even though actually when I just put money in the bet then basically I can "cashout" if suddenly I don't have the confidence to continue betting but again, it's just gonna cost me and I'm just going to leave that and let the bets go their way.

That's a good attitude, it requires some discipline but not all people can do that actually. Me being a gambler, sometimes I am too emotional especially if I'm watching the game, instead of enjoying the game, we feel different when we have bet on it and especially if we are risking a decent amount.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

I personally have never taken advantage of the "Cashout" feature so I can be sure that I have never experienced defeat that way. I have been accustomed to leaving the bet when I have put in money and will never check the bet until all the matches are over, even though actually when I just put money in the bet then basically I can "cashout" if suddenly I don't have the confidence to continue betting but again, it's just gonna cost me and I'm just going to leave that and let the bets go their way.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: iamsheikhadil on March 05, 2021, 06:16:52 AM

Quote from: coolcoinz on March 04, 2021, 07:45:22 PM

What I do in such situations depends on how I feel and whether I'm there watching the game. If I have a bad feeling about the game and have an option to cash out early, I do it. If I feel like going with the flow and testing my luck until the end, I do it. It's hard to say if I'd prefer to cash out early or not because it's just too situational.
I lost money by not cashing out early. I'm sure there aren't many players who didn't.

True, sometimes we try to have an OCD type of attitude when it comes to strategy in gambling and how to handle its ways. Majority of the time, we will be breaking our rules and just act out on our urges (whether to cash out early, betting big, or just losing it even when there's a clear win-win situation) and I feel the best way to go around it is to accept that we will just do what our heart says, so why not accept it. Then whatever it's the result, we won't regret as we followed what our heart said!

I following our hearts mostly result to a loss, our emotion dictates what we feel if we let that emotion to dictate us, for me, it's wrong because I have a lot of experience that I lose when I follow my heart, I learn that we should have the ability to control our emotion and always follow our mind over the heart.

Game plan is created by our minds, not our hearts.

iamsheikhadil

full member

Activity: 1022

Merit: 133

Quote from: coolcoinz on March 04, 2021, 07:45:22 PM

What I do in such situations depends on how I feel and whether I'm there watching the game. If I have a bad feeling about the game and have an option to cash out early, I do it. If I feel like going with the flow and testing my luck until the end, I do it. It's hard to say if I'd prefer to cash out early or not because it's just too situational.
I lost money by not cashing out early. I'm sure there aren't many players who didn't.

True, sometimes we try to have an OCD type of attitude when it comes to strategy in gambling and how to handle its ways. Majority of the time, we will be breaking our rules and just act out on our urges (whether to cash out early, betting big, or just losing it even when there's a clear win-win situation) and I feel the best way to go around it is to accept that we will just do what our heart says, so why not accept it. Then whatever it's the result, we won't regret as we followed what our heart said!

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: maxreish on March 04, 2021, 11:43:25 PM

Yep, many times I have experienced to lose on my sports bet because the other team scored on final quarter. Of course, there is a regret feeling inside but I know that sports games are also unpredictable. Even you bet in the best team, you can't really know what will gonna happen to the game itself.

And countless times thar Ive been tricked also with those low odds team offered. Sometimes, lowest odds can't be trusted, too.

It is so true. If we already make a good analysis for each team and select one team with a big chance to win, the situations can change as the team can get more power when they can collaborate with the other players. I agree that sports games are unpredictable, so we need to gather more information, and we can know each player's ability in that game to help us analyze better. Be an underdog team can give them a chance to win as their tension will not too high depend on their opponents to play with their best performance.

Rushik

newbie

Activity: 3

Merit: 0

Quote from: Stedsm on March 03, 2021, 03:47:24 PM

have you ever lost a bet in this way?

The goal bet in the last minute I had, for me not disappointed but, the annoyance that was in my lot, I placed a bet on Team A:2 and Team B:1, the reality in the fight with the result of 2:2, I can only reflect and be disappointed, but I did not cancel the bet that I had placed.

owengtam09

full member

Activity: 1330

Merit: 248

Quote from: Stedsm on March 03, 2021, 03:47:24 PM

I used to gamble in a different way till we got introduced with a feature called "Cashout" which wasn't there for few years on crypto gambling sites. Now, whenever you make bets, not some average or tipped ones but high confidence bets, you see that you've already won and the odds that you placed your bet on (which could be higher than, let's say 1.50x) and it has dropped to 1.01x, will you use your "Cashout" feature and leave / lose a few % of profit just because you fear that the game can still change? Or you'll just go with the flow and let the game run, and you'll wait till the end to get complete profit?

Now, my main question,
What if you didn't cashout your potential winnings and then suddenly, the game changes and let's say that you placed a bet on a Soccer match between Team A and B and you believe that Team A will be the winner (based on less odds and past performances), the score is 1-0 and time is 89 minutes. Now, if Team B manages to score one goal at the last minute and set the score to 1-1, won't you regret that you were so close that you must've cashed out your bet, but lost big due to that last-minute goal? This happened to me a few times and I bet it may also have happened with many of you. So, have you ever lost a bet in this way?

Gambling has uncertain luck, we may feel confident at the first minute of our bet because we think that the team you just bet on would win the game then suddenly last minute the game flip over. It happened to me also when I was betting on a basketball team before I thought that the game is already mine but I was wrong. LOL

GreatArkansas

legendary

Activity: 2506

Merit: 1394

I also tried this on NBA before. I am betting on the overall winner for the game. And cashout is already available upon you to put your bet and I think few minutes before the game ends.
Honestly, if I am cashing out before, profit is already a profit, even small before, I will not regret anymore after cashing out, even I will get more profits if I didn't cash out, I will be happier since I don't lose at all.

maxreish

sr. member

Activity: 1330

Merit: 326

Yep, many times I have experienced to lose on my sports bet because the other team scored on final quarter. Of course, there is a regret feeling inside but I know that sports games are also unpredictable. Even you bet in the best team, you can't really know what will gonna happen to the game itself.

And countless times thar Ive been tricked also with those low odds team offered. Sometimes, lowest odds can't be trusted, too.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Stedsm on March 03, 2021, 03:47:24 PM

Now, my main question,
What if you didn't cashout your potential winnings and then suddenly, the game changes and let's say that you placed a bet on a Soccer match between Team A and B and you believe that Team A will be the winner (based on less odds and past performances), the score is 1-0 and time is 89 minutes. Now, if Team B manages to score one goal at the last minute and set the score to 1-1, won't you regret that you were so close that you must've cashed out your bet, but lost big due to that last minute goal? This happened to me a few times and I bet it may also have happened with many of you. So, have you ever lost a bet in this way?

You have nothing to do with that, you are playing gambling which is really full of risks and it depends on you if you want to make it more profitable for you.

Sometimes it also depends on you on how you will act depending on your patience, skills, and discipline.

If you don't want to regret for something then you should play safe if you want that.

If you feel that you are lucky enough then try to take advantage of the odds and bet what you can afford to lose.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: Natalim on March 04, 2021, 05:48:03 PM

Quote from: Saint-loup on March 04, 2021, 02:34:56 PM

This is not a very recent feature, it exists on gambling sites since very long time AFAIK. You have to manage that like a crash game or a trade : you must choose a target price/odds before playing and only changing it if you think parameters are really not the same anymore.

Crash or trade needs fast reaction on what is happening, in sports betting, you can still have more time to think .
This is mostly applicable for huge betting odds due to parlay bets, if you have 10 legged parlay and you hit the 9 already and the last game has not started yet, you can still think whether you'll cash it out already or wait until the game is completed to see if you win.

For example of this 10 legged parlay you hit 9 and you can cashout $1,000 while if you win you will get $3000.

What would you choose, the decision making will then come and it's a hard decision for sure as if you cash out, you'll be happy if your parlay end up a losing bet but if you won, you might regret.

OP wasn't talking about parlays as I understand but it's the same management, you should only change your initial target if you think parameters aren't the same anymore, otherwise that shows you aren't playing rationally

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: Fredomago on March 04, 2021, 03:31:21 PM

Quote from: Stedsm on March 03, 2021, 03:47:24 PM

I used to gamble in a different way till we got introduced with a feature called "Cashout" which wasn't there for few years on crypto gambling sites. Now, whenever you make bets, not some average or tipped ones but high confidence bets, you see that you've already won and the odds that you placed your bet on (which could be higher than, let's say 1.50x) and it has dropped to 1.01x, will you use your "Cashout" feature and leave / lose a few % of profit just because you fear that the game can still change? Or you'll just go with the flow and let the game run, and you'll wait till the end to get complete profit?

Now, my main question,
What if you didn't cashout your potential winnings and then suddenly, the game changes and let's say that you placed a bet on a Soccer match between Team A and B and you believe that Team A will be the winner (based on less odds and past performances), the score is 1-0 and time is 89 minutes. Now, if Team B manages to score one goal at the last minute and set the score to 1-1, won't you regret that you were so close that you must've cashed out your bet, but lost big due to that last minute goal? This happened to me a few times and I bet it may also have happened with many of you. So, have you ever lost a bet in this way?

I personally experienced this one, regretting since you almost won the match with some decent money but instead of cashing it out you continue and thinks that maximizing your win is far better than the early possible earnings which is much lower than your expected earnings.

Greed really affects it out, unless you are experienced gamblers who knows that when opportunity knocks grabbing it is the first thing to do.

And like what how you explained from your first statement, cashout feature is not there before, good to see that it was introduced and many disipcline gamblers can do enjoy this function, allowing them to take early earnings and use it again with other avaliable games to extent their chances to have more possible profits.

I always experience this kind of situation whenever I have the attitude of not being contented of my profit. Just like you, i always aim for the highest possible amount of profit. Whenever I take the profit I always yhink of putting it back and playing again because I believe that my luck is good that time. Many times, because of my greediness attitude is that I didn't able to get my earnings thus I end up losing all of my funds and capital. I guess right now, I didn't know what could possibly change me but I can say that I learned from my mistake and I able to overcome that kind of attitude and avoid the negative mistakes from my pasts

coolcoinz

legendary

Activity: 2814

Merit: 1192

What I do in such situations depends on how I feel and whether I'm there watching the game. If I have a bad feeling about the game and have an option to cash out early, I do it. If I feel like going with the flow and testing my luck until the end, I do it. It's hard to say if I'd prefer to cash out early or not because it's just too situational.
I lost money by not cashing out early. I'm sure there aren't many players who didn't.

Topic: Have you ever lost a bet in this way? - page 2. (Read 534 times)