Topic: Is it profitable to hedge/cashout bets before end of sport event? - page 3. (Read 1505 times)

Well gambling is no do or die affair. Its certainly not where you hope to make that huge capital for an investment or pay up some debt although, some gamblers gets lucky. The main idea for me when it comes to cashing out on a bet is, should you feel you've profited and that is, "when Cash Out is higher than your stake" and you know you can't bare it should the bet be lost, best to cash out and be at peace with yourself.
That's highly profitable to me. There is nothing wrong or bad in it and should it turned out that, you cashed out too early, then what the hec! You profited on the stakes and that okays.

Depends on someones emotion and on how they would really be reacting into that because not all would really be falling into the same decision whenever they do already see some gains.
Most of cases where bettors do really wait up until the game ends or totally able to see on whose the winner without the need on cutting off their winnings or do make out some early cash outs.
If you are really that tending to hedge out as much as you could even though it is really just small then its your choice but in most cases or situation where people do really
tend to wait up until the game ends and wont matter if they would receive full or would totally lost out their bet.

Stake used to provide with some special promotions. The recent one being the Watford Early Payout. Placing a bet on Watford, and if it manages to make a goal in the first half you'll get your bet to be a win even when if the match result is a loss. Placing bets on these kind of matches will be interesting and decrease the chance of losing. These bets doesn't require any early cashout.

It's situational. If you are a long time gambler, then you have to set aside emotions and think statistically. Else you will end up broke and probably lose your home :p  On the other hand, if you are a one-time gambler, and in it for fun on weekend ball games then of course the answer is No. Enjoy the game and your fiverr on Mets.

Seasoned bettors should always hedge if it's turning a profit. I also recommend following other methods like Unit system(limiting your bets to 1 unit, usually 1 unit= 1% of the entire bankroll), spreadsheet to keep a record of your bets, look for arbitrage(follow oddsjam or look for it on your own).
Good luck!

Cash out is available when the odd favors me or the chances of winning my bet is bright in my betting site, unfortunately the pay is too low thus I don't bother to cash out, I will wait till the outcome of the bet irrespective of the outcome of my bet it's either lose or win, of course I will only place bets whose chances of winning is sure, if a gambler cashes out continuously before the end of a bet in the long run the profits won't be reasonable at all, I don't think it's wise idea to cash out during the bet that is why I choose No on the poll. Meanwhile if the odd or accumulated bets is huge and the gambler had almost won the bet with few games to having bet with a small fund it's advisable to cash out.

It's instinct or maybe fear if you see that the outcome won't favor your bet, cashing out with losses may let you recover portions of your original bet, but in the other side, if you cash out too early and the pick wins that's something that will keep on lingering inside you, it's a case to case in a different perception of each bettors.

Same as you, a win, still a win. Even it's just a little portion withdrawing. It would allow you to save time and if you are looking for
another game to bet, you can proceed without waiting for the game to complete.

It would really be that regretful because if a certain bet had completely won and you had cashed out early then it would really be giving off that kind of feeling that you should have wait a little further to utilize or maximize overall profitability.Its up to someones choice if they would really be having those kind of choices because profits is profits and wouldnt matter if its less on the overall potential winning.
For me i dont really have this kind of betting on where i do cash out on early because it would really be just a waste if i wouldnt really fully make my bet to be finished specially on a certain game.
There's no thrill on it if you do just simply cut it off but well its a personal choice but in general sense if we do talk profit then it is definitely a profit but much less in overall.

There are 2 reasons for cashing out before the end of the event IMO.
First is to minimize lose and 2nd one is because we have made a profit already.
So cash out bets before the end of the match can be profitable but can be something that make us regret it.
It should be always depending on the situation and our prediction about the on going match.

If in fact it is so, this would prevent you from being able to fold just when you are against the house, this is one of the things for which you must decide when to fold or risk it all and put into context the old but very famous saying that is: "Go for all or nothing" many players in fact take the risk, some lose and others win, but that already depends on the personality and decisions of each one.

In my personal opinion I think that it is always better to have something than nothing, some players prefer to go for everything, but many times they lose, and I think that nobody likes to lose and when it comes to money it is not an option that helps much.

I really doubt that many people have been able to make profits by cashing out their bets each time they have been about to win. Sportsbooks usually offer amounts for cash outs way lower than that the player should get at a fair game.
For example if I play heads or tails with you, but after throwing the coin I offer you 0.5$ while you have bet 1$, do you think you can make any profits on the long run by taking them and losing $0.5 each time instead of winning $2 half-time? Even if was offering you to take back your whole $1 stake you won't be able to make profits because it would just be the same as a blank round. Now if I only offer this option when I see you've won and I refrain from offering it when I see you've lost, do you think you will make profits on the long run by taking it?

Well, I also think the same, in a parlay if the person sees that things have changed an opco it is not cowardly to withdraw half, sometimes it is good to keep something and not be left with nothing, for me when I see that I am winning and that I have recovered something to remain in my positive balance I do not doubt it, because sometimes it has happened to me that I have lost, most of the time it happens to me, so I learned that at least when you are having something safe it is good to take it, of course I respect the decision of each person and how they can act in these cases, but due to my experience I do take it and assure me, it has never happened to me that when I retire the results are given, so it has been a good move.

If I agree with you, this is something like in trading, that when you are winning, you should stretch that profit and not do as others do, that when they reach their top, they simply withdraw and stop winning, something like this can be applied here, the only thing is that there is no pattern that can indicate certain trends, unless very accurate statistics are used, but in the same way everything is based on probability, and here, as in trading, he can get carried away by his emotions, and this can make him lose or, failing that, win. I think that here all the security that the bettor has has to do with a lot, and being very clear about the objective so that he does not falter in decisions.

Whenever your brain and together with your emotion would really play out then you could really make decisions on point or suddenly even if you had already make yourself do have plans been set earlier.
It cant be assured that it wont be changing out and as you said that it makes everyone anxious in seconds and made out sudden actions which we know that it isnt really part of our considerations.
Speaking with hedge/cashout before the end of a certain game or event isnt a bad idea, profit is profit right? But majority will surely be waiting up for the entire game to be over
and would maximize potential winning as they could.

People as a whole and in general are simply awful at calculating risks. That's why sportbooks have huge computing resources invested in trying to determine how to price odds at any particular time based on as much information as possible. It goes for practically anything in life and is true of us all - we are extremely good at overestimating what we think we know quite frankly. Cashing out a bet is a dynamic situation where you cannot give a yes or a no. Should you cash out a bet where the winning team is 5 goals up in a soccer match? Hell no. Should you cash out a basketball game where you're getting a slight profit but in a super close game? Maybe. It also depends on your personal strategy - are you all in and embracing losses, or seeking to grind a profit where possible? Are you gambling with fun money, or trying to make something a bit more serious out of it?

I see that this feature is not always present. I am thinking that we should not waste the opportunity of using it once we saw it appears because it's always better to reduce the risk and win a little lesser than continue with an increased risk which you can end up as a loser at the end of the game. I think that it's more regretful if you go home empty.

Also, what you mean to say there is to follow every match that we bet on and not the results because results are only shown at the end of the game. The importance of it is that we will know if we should continue and won't use the cash out option or we should stop now or else lose because the game seems to be against with us.

You should understand that there is something called :

1. Personal Preference
2. Practical Advice

Some people can panic and they can try and get as much as they can and at the same time this might give them less amount that they could have won but at the same time they cannot just follow the rules and the regulations considering the brain is an excellent organ and still amazed me how it makes everyone anxious in seconds.

Practically evaluated system generally shows that though it depends on the situation but it's not 🚫 profitable always and some players should try and away from it as well since their anxiety can get in the way { by practical opinion I mean the articles I read regarding the experiences of various betters on Google}

because this feature can sometimes help bettors to reduce the risk of greater losses, so many bettors will look for bookmakers who have this feature, but to be honest you as a bettor must really follow the results of the match every minute otherwise the expected potential will not work as expected, but unfortunately as I know sometimes this featured not available on all matches.

Yeah I also think its better to trust your own bet and stick to it. By counter betting you can decrease your potential profit which is not cool. I think you should think throughly while making your first ever bet. In that way you will be more cool headed. But some people love math behind it so they tend to maximize their chance to be in better position. Those people love counter betting.

You wouldn't know how valuable a cashout option is until you have plenty of matches that are in order with one unknown outcomes yet to be played or in the process. Cashout is helpful when plenty of games you find difficult to predict goes as you planned only for the last match to be doing the opposite, you wouldn't have a choice than to cashout the predicted you already known. However, I don't like the downside of it because your winnings will be slash leaving you with a few bucks. I know it's a favour from Bookmakers for letting you have an option to cash out instead of waiting for the last game and getting disappointed but they should be fair and remove just the last odd and not take almost half of your win.

In my case, I prefer to stick with my initial bet and that's it. I don't think it's profitable but as a kind of insurance for lock in profits as has been mentioned, but at the cost of potential profitability. It is a way of minimising both profits and losses.

As OP says I also don't see this profitable thing. But its not supposed to be profitable at all. It is when you are sure (you should have no doubts left that you lost bet) of losing and you get some money back. I see it as somekind of insurance as well. This is definitely similar to it. You lose money by insurance but in negative event you receive return. People who do insurance are ones that have lot to lose. People who counter betting also are similar.