Is it profitable to hedge/cashout bets before end of sport event? - page 4.

STT

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Quote from: nullama on July 30, 2022, 03:52:46 AM

It seems a bit odd to cash out before the game ends. I mean, it's usually fun to watch the game anyway, so might as well wait for it to end before checking the betting results.

But I guess you can make betting more efficient that way, just seems less fun

Some people bet multiple games across a day or their schedule to watch a game changes. I might bet in free time between jobs but then I have to go, do I leave the bet open or close it for a certain profit of the win. Its useful both to bettors and helps liquidity for live betting, its probably often profitable for the company also. I often close a bet when I think team prospects have peaked, most of the profit is there and if theres other reasons I cant pay full attention its ideal.

dunfida

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Quote from: arallmuus on August 01, 2022, 03:13:19 PM

Quote from: Slow death on August 01, 2022, 02:44:46 PM

in this scenario the best choice is to cashout because the person would already have a profit instead of taking the risk of lose everything

Taking risk is always part of the game though. Yeah it could be profitable to cashout regarless of the result for the next game on the slip because it would have already been profit but honestly whats the point of adding X amount of games in the betslip if you are going to cash it out before the last game is played?

Pretty much should stick to only the games that you are confident on winning instead of adding random games on it then hope that it will win before you hit the cash out button

I would rather prefer on losing a bet on a game where i do enjoy on watching rather than on losing a bet on a game which i dont really have any idea.I did able to experience for how many times on doing bets
which is really out of the scope of my knowledge or we could say its completely zero.Yes, you could feel some excitement when you do win but when you lose then you cant just accept it but it would really
differ since people does have different approach and reactions when it come to this situation but in overall it would really be depending on you whether you cash out early or would
really wait up until the game finishes.

arallmuus

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Quote from: Slow death on August 01, 2022, 02:44:46 PM

in this scenario the best choice is to cashout because the person would already have a profit instead of taking the risk of lose everything

Taking risk is always part of the game though. Yeah it could be profitable to cashout regarless of the result for the next game on the slip because it would have already been profit but honestly whats the point of adding X amount of games in the betslip if you are going to cash it out before the last game is played?

Pretty much should stick to only the games that you are confident on winning instead of adding random games on it then hope that it will win before you hit the cash out button

Slow death

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Quote from: karabiber on August 01, 2022, 01:35:23 PM

I don't make such bets because i don't want to minimize the profit i can make. For me there is only one outcome, lose or win, so the odds of winning or losing are high. I think i have no choice but to do this in betting. The purpose of my betting is the desire to reach big wins anyway, so i don't do much strategy. Of course i bet by calculating my losses. I recommend this to you too. Please bet calculating that you will have big losses.

It's a good way of thinking, but there are cases for example where a person bets on a game with an odd of @2.45, the team that the person bet on is winning, but after some time the game is tied, at that time the odd drops to @1.60 and in the game statistics we have a scenario in which the team we bet on is being pressured and is playing defense, in this scenario the best choice is to cashout because the person would already have a profit instead of taking the risk of lose everything, but if the person posted it at the Asian handicap 0.25 with an odd of @1.50 and the game is in a draw, then in this scenario even if the team we bet on is playing defense the best thing is to let the game end

in my case I use cashout a lot, this option is very useful in certain scenarios, but there have also been times when I cashed out and the team that bet on it won the game and I got angry. this is another annoying side of it

molsewid

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Quote from: Despairo on July 23, 2022, 04:36:11 AM

Honestly I'm not a fan of cashout of my bet since I'm betting many events and too lazy to monitoring my bet during watching the events lol. That would make me to not focus on the events, so I can't enjoy it since I'm more looking about my profit. I think a professional gambler who make money by betting a sports will use this kind features, but for me as a gambler who only gamble for fun didn't use this.

Yeah, it will be very time consuming monitoring that. But cashing out is kinda not good I think? if you will going to cashout the amount you are going to win might be lessen, if I'm not mistaken cashing out will reduce your bet amount of course, the hight the bet the more you will get more earning. But if you want to secure your money, cashing out is good, we can't predict what will happen next,it may come up with losses too.

karabiber

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I don't make such bets because i don't want to minimize the profit i can make. For me there is only one outcome, lose or win, so the odds of winning or losing are high. I think i have no choice but to do this in betting. The purpose of my betting is the desire to reach big wins anyway, so i don't do much strategy. Of course i bet by calculating my losses. I recommend this to you too. Please bet calculating that you will have big losses.

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Quote from: Boristhecat on August 01, 2022, 05:22:48 AM

Quote from: Darker45 on July 29, 2022, 10:50:15 PM

I cannot remember having made a cashout before a match ended. If I made a cashout, probably for only 1 or 2 times. But I remember contemplating on doing it a number of times. That's when you can see that a comeback is possible. But I normally just stick to my bet until the end.

In the case of counter betting, I made a few only because I was convinced that the team I placed a bet on earlier is probably gonna lose. So it was not about the odds really. It wasn't about making profit. It was simply about trying to recover my potential loss.

Sometimes events in the game develop in such a way that a comeback becomes really very likely (for example, the removal of a player from a team that has an advantage) and theoretically it makes sense to make a cashout. But bookmakers take into account such changes in the situation much faster than ordinary players, so it is difficult to cash out with good odds, usually they are already very unprofitable. But if we are talking about a premonition based not on facts, but simply on intuition, then this works.

If you are good in analyzing the possibilities of changes in the direction of the game, then you will be able to enjoy this kind of feature, bookies are not just doing business without basis, they are putting odds according to how their system works, by knowing the situation just like how you provide your example, it's a wise decision to pullout your bet while you are still in lead if you see that a key player is out.

Most of the time, you still have a good amount to cash out if your team is still on a good lead. It's a perfect timing to withdraw and enjoy even it's just a small amount of earnings. Small is better than nothing, right?

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Quote from: Boristhecat on July 23, 2022, 04:20:41 AM

I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

I don't see the benefit of this kind of risk hedging. Sports betting is attractive because it gives a chance to win a lot of money.

If you are confident in the correctness of your choice, then why hedge risks?

If you are not sure of the correctness of your choice, then why are you betting on an event at all?

Such hedging not only minimizes gains but also maximizes losses. From the point of view of the mathematical theory of probability, this is (in my opinion) an absolutely meaningless action. This has nothing to do with risk management strategy.

Yes, hedging can give the player the idea that they have secured themselves from trouble ... However, this is a false certainty.

Boristhecat

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Quote from: Darker45 on July 29, 2022, 10:50:15 PM

I cannot remember having made a cashout before a match ended. If I made a cashout, probably for only 1 or 2 times. But I remember contemplating on doing it a number of times. That's when you can see that a comeback is possible. But I normally just stick to my bet until the end.

In the case of counter betting, I made a few only because I was convinced that the team I placed a bet on earlier is probably gonna lose. So it was not about the odds really. It wasn't about making profit. It was simply about trying to recover my potential loss.

Sometimes events in the game develop in such a way that a comeback becomes really very likely (for example, the removal of a player from a team that has an advantage) and theoretically it makes sense to make a cashout. But bookmakers take into account such changes in the situation much faster than ordinary players, so it is difficult to cash out with good odds, usually they are already very unprofitable. But if we are talking about a premonition based not on facts, but simply on intuition, then this works.

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Quote from: dwminer1 on July 29, 2022, 04:55:19 AM

for example, in the last match on the coupon your team is not doing well. Sometimes it benefits the player, sometimes the bookmaker.

Cashout is usually disabled when your team is not doing well. Why they will allow a user to cash out if their bet is now losing? It will just be open once our team is doing well and likely to take the win but still they are behind on the match as it progresses.

Cashout is not really big help to me. If you bet on that team, then just wait for the result. It's like giving up the odds we have chosen why we bet on that in the pre-game. If we lose, then just accept it and try our best next time. If we win, that's good.

Treat our sports betting as how we do it usually. Cashout will not be created in the first place if it will just give bookies a disadvantage.

Peanutswar

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Some of the sports bet casino have this kind of feature like allowing their users to make a withdrawal of their funds before the match starts as a consideration but still not as the amount you bet there's a deduction but sometimes because of the changing of the odds it is close to the deposit you made, and it depends on the situation if you see the game it is already in favor with the opponent you bet and have the chance to withdraw it is good because you avoid losing more.

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Quote from: dothebeats on July 30, 2022, 05:32:06 AM

I just stick to my bets all throughout the event. Besides, I only bet small amounts just to add thrill to me watching these events unfold. Idk about the others, but I just accept the outcome whatever it is. Just do better on the next bet and hope for the best, I guess. On people who are maximizing their bets however, they can freely do this though it will be tiresome and boring as the event continues.

Almost everyone who spend on sports bets spend small amounts so to thrill their watching experience. I used to cashout before the end of the event when the winning chance of the team lowers. Here if I wasn't able to get back the amount I've spend on the bet, I'll just leave it. In such a way many bets have won at the end of the event.

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I just stick to my bets all throughout the event. Besides, I only bet small amounts just to add thrill to me watching these events unfold. Idk about the others, but I just accept the outcome whatever it is. Just do better on the next bet and hope for the best, I guess. On people who are maximizing their bets however, they can freely do this though it will be tiresome and boring as the event continues.

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Quote from: Darker45 on July 29, 2022, 10:50:15 PM

In the case of counter betting, I made a few only because I was convinced that the team I placed a bet on earlier is probably gonna lose. So it was not about the odds really. It wasn't about making profit. It was simply about trying to recover my potential loss.

Yes to regain your potential loss and be safe of total lose, I do cash out to have my money back and no need to wait all the way till you lose totally.

Quote from: nullama on July 30, 2022, 03:52:46 AM

It seems a bit odd to cash out before the game ends. I mean, it's usually fun to watch the game anyway, so might as well wait for it to end before checking the betting results.

It is not odd bro when you see that you may lose your bet and you have the choice to opt out, you do that and bet again next time. If you see a clear winning that you are sure of and the team is already leading with still holding good possession then you don't bother cashing out

Quote from: nullama on July 30, 2022, 03:52:46 AM

But I guess you can make betting more efficient that way, just seems less fun

How will losing your money become fun when you are playing with money? You are playing with money and so you want to double it, losing your money is not fun.

nullama

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Quote from: Darker45 on July 29, 2022, 10:50:15 PM

I cannot remember having made a cashout before a match ended. If I made a cashout, probably for only 1 or 2 times. But I remember contemplating on doing it a number of times. That's when you can see that a comeback is possible. But I normally just stick to my bet until the end.

In the case of counter betting, I made a few only because I was convinced that the team I placed a bet on earlier is probably gonna lose. So it was not about the odds really. It wasn't about making profit. It was simply about trying to recover my potential loss.

It seems a bit odd to cash out before the game ends. I mean, it's usually fun to watch the game anyway, so might as well wait for it to end before checking the betting results.

But I guess you can make betting more efficient that way, just seems less fun

Darker45

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I cannot remember having made a cashout before a match ended. If I made a cashout, probably for only 1 or 2 times. But I remember contemplating on doing it a number of times. That's when you can see that a comeback is possible. But I normally just stick to my bet until the end.

In the case of counter betting, I made a few only because I was convinced that the team I placed a bet on earlier is probably gonna lose. So it was not about the odds really. It wasn't about making profit. It was simply about trying to recover my potential loss.

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Quote from: STT on July 29, 2022, 04:06:20 AM

Cashout can work just fine so long as you know when the progress of the game is about to change abruptly, mostly we dont know this information but I find sometimes the rhythm of the game is not recognized or reflected and its relatively profitable to cashout at that moment and reduce your risk or walk away if your time is limited perhaps. Its a good option to have and often convenient for anyone who does many bets and cant wait around for the game end.

I think that it's not easy to tell if the game can change abruptly but for that, one might need a good amount of skill and knowledge. This is why many will not use the cashout feature and can just accept whatever outcome they will be getting. They can then assume that they are only unlucky if they will lose and lucky if ever they won.

If we know that our time is limited or we are going to be busy after some time then it would be better to not play gambling for a while as that can affect our games. If you are that type person that simply can't wait for the game to end, not because you will be doing something else then maybe sports betting is not for you.

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Quote from: STT on July 29, 2022, 04:06:20 AM

Cashout can work just fine so long as you know when the progress of the game is about to change abruptly, mostly we dont know this information but I find sometimes the rhythm of the game is not recognized or reflected and its relatively profitable to cashout at that moment and reduce your risk or walk away if your time is limited perhaps. Its a good option to have and often convenient for anyone who does many bets and cant wait around for the game end.

I think when the event occurs then there will definitely be a set time limit, so if you want to make a withdrawal to secure your profit, I think it's very good because you can get a profit before it's too late to make a withdrawal and of course this depends on the user who wants to immediately make a withdrawal of money or want to continue to other gambling.

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Personally, I rarely use the cashout option, but still, this option is sometimes useful. Situations in some sports events can be very dynamic and it is good to be able to cashout when, for example, in the last match on the coupon your team is not doing well. Sometimes it benefits the player, sometimes the bookmaker.

STT

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Cashout can work just fine so long as you know when the progress of the game is about to change abruptly, mostly we dont know this information but I find sometimes the rhythm of the game is not recognized or reflected and its relatively profitable to cashout at that moment and reduce your risk or walk away if your time is limited perhaps. Its a good option to have and often convenient for anyone who does many bets and cant wait around for the game end.

Topic: Is it profitable to hedge/cashout bets before end of sport event? - page 4. (Read 1491 times)