Topic: Sports betting and cashing out early..discussion on house rules (Read 438 times)

Yes in case of sports betting for a match Odd does not change for any team till the start of the match but when the match starts the odds go up and down according to the performance of the two teams.  In this case, if a team can score more goals, their odds are greatly reduced.  And the Odd of the team that lags behind increases a lot.  In this case if you bet for the team which is ahead then you can cash out the bet with a good profit before the end of the match.

Gambling sites that has cash out do reduce the amount at times. I have gambled on many gambling sites but I have stopped using cash out since many years ago when I know it is not necessary using it. I mean for me. But when I was still using it, if the match is no more favoring you, the gambling site will remove it. If the match is neither yet favoring you and the gambling site, you will see an amount to cash out but lower than the amount you use to bet. If anything happen that the other team is leading, either the cash out amount is significantly reduced like you bet with $50 but able to cash out $3 to $7. Later the cash out will be disable. There are times that it will be disabled for reasons that I am not sure of.

Just like in your case, there are times when your stake could be a reason you wouldn't want to cash out and I see that to be a very valid reason as it's only when you are seeing that you are in profit and you see that you aren't sure of the remaining games, the. Crashing out becomes a good option to explore. Especially when it has to do with you winning huge already on a very small stake such that it can be considered over 10x  already which is a good and fair, id in trh match reaming you begin to see some from of uncertainties then it's ideal to cash out.

Cash out amount is an amount of money that can be calculated directly with a math formula.
This formula is directly linked to the amount of your bet, initial odd of your selection and/or currenct odd of the other option (or options!) you are betting against.
In some cases, casino can just offer 0. Likewise there are no counter bet. In some cases they can just try to "push" for your cashout (providing a nice cash out).
Of course each bookmaker has their rules (that have slight differences)

https://www.oddsmonkey.com/matched-betting/calculator/ here you find an example with some explanations.
But I suggest to have a look on betfair exchange (even just on youtube) since this is the best place for understand cashout. There you can find the state of the art for these kind of gamblings. Beeing able to read ladders and their markets is a great add on for your gamblings...

First of all, you should understand that cashing out your betting on sports is not something or an option that is always available to gamblers, the casinos (respectively speaking) are at liberty of making this option appear and disappear for the gambler at any time they sole please, this i am saying is from my own pure experiences.

Many a time, I've checked my betting tickets and saw the option to cash out, i ignored it and closed the site, when I returned to check the ticket again maybe a few minutes later, I discover that the cash out option is no longer available.

So, in cases where the casino gave you a cash out option before a major incident occurred in the middle of the match, if you do not hurry to accept the cash out offer immediately, you might return the next minutes and discover that the option has been taken back by the casino, I don't think they can reduce the cash out amount, but they usually will simply withdraw it.

In most casinos the payout is changed at the end of the game, for example in the final 70'-90' or extra minutes, this happens if the team we are betting on wins with a score of 1-0 or higher points, this often happens, bets for high points will be lower and bets on points that don't have a chance of scoring will be higher, this can happen for various reasons, one of which, as you said, is injury.

However, some cases that occurred were also unexpected, for example team A scored 1-0 to B without a goal, but in the 70' minute until the end of the bet (Draw) and team B could go higher, but what happened was unexpected in the second minute. additional team B scored a goal and the match ended in a draw, If we change the bet for a clear series of big wins for us, this often happens, which means the change in bet is made by the casino and it is paid.

They’ve got real-time data feeds, so if an injury happens, the odds adjust instantly, just like the cash-out amount. It’s tough to outsmart them since they’re always ahead of us, even during live games. They use advanced technology, including AI, to make sure they get the latest information and quickly reflect it in the betting odds.

Cash-outs are always influenced by the live in-betting odds.
Let's assume you bet on your team at 2.0, the live betting would be 1.5 your cash-out would be slightly half of the possible winning if they lose a player and the in-play odds change so will your cash-out option, making the sum you can take out before the end of the game way lower. Cashing out is just a math thing, it has two variables, the bet you put at the start and the current live bet, the closer the live bet is to 1.001 (so statistically a sure win) the closer your cash-out sum is to the initial bet.

Also, there will slight delay for every action on live betting, you'll not be able to bet exactly the moment you see a goal being scored on live tv.

Just like trading, while the motion is going on and some chart changes because of some news that could impact the whole market in the short time you are to secure some profits as fast as possible, that's why trading alerts is good and also stop losses, as for gambling while watching the game you are at an advantage of securing your gains if you are getting the bad feeling that this isn't going your way.

I will only let my money ride if I am not watching the match because I am busy or for other reasons, this is a plus advantage when gambling on sports matches, you can get your answer before the match ends, I know someone who could have won a lot today if he likes taking profit before football matches ends, it is really bad to place bet on sports and not watching the game, because there is a chance that you will can make another decision fast before it is too late.

One the thing I've learned in sports bet is things can change really fast, before you know what's happening you are down massively. As for me I got nothing to worry about, because I risk so little on gambling overall, whatever happens is what I can handle.

If it's a near-end game then I doubt they will adjust the odds. But it's midway through the game and let's say halftime in basketball the odds could definitely change in either favor of the opponent or the plus-minus changing that will also change the handicap.
I think I have been in this situation but I forgot how much difference will change whenever a star player is hurt but yes, you will see the handicap could go way below your expected amount. Now, if they are on the big lead, it's possible that you might not feel the changes but if it's a close game and every offense is relied on the injured player, it will definitely be a different story.
The thing about sports bookies are, they are way updated than us, they know what is happening inside either the star will return or not and that means they can change the odds quickly to their advantage.

As long as there's money to bet on whether before the game starts or during live games, it won't matter to me. But I just really prefer to get along with those bets before it happens. With that, I can prepare with my own analysis on how it's going to be and I don't have to be pressured at all. There's a different feeling when we do that especially if you're the type of guy that mostly bet during the live games and there are already some happenings within the game.

That is true, that's why I get along with whatever bet that I've already placed and deal with it afterwards if I lose, I'll just accept it as a normal thing. But I'd be happy if the twist like this in the very last minute happens favoring my bet.

I also bet before the game starts, it's the best style I know for me not to bet with impulse attached to live betting. But note, betting odds may not always change before the match starts, still, it changes depending on the bookie and their recently realised factors, like a certain player suddenly comes out of the injury and will be among the line-up to the match.

What will not change is the bet you've already placed, the odd's term is binding and it's the subsequent bettors the updated changes will affect. But for the live matches, of course, the condition changes live, and so will the odds change. The one you saw in the last 1 minute may not be the same again and this is also why the cashing out offer given to bettors varies rampantly that time.

Cashout offers are strictly based on odds arrangements, if the game is playing out well according to the prediction of the gambler the cashout is going to be of high value depending on the odds factor. So many things can affect the odds value, the players, the formation of the team and how the game is being played. The bookmakers use these factors I made mention of to reduce or increase the odds in their favour, it's left for you as the gambler to make your final decision either to cashout or take the risk of waiting for the games to play out.

You make the decision, if you prefer to stick with the risk then you can allow the game to end on its's own without interrupting the cash out. It also depends on the club aswell, if the club is made up of multiple stars in it and the  replacement for the injured played is definitely good but may not be quality enough as my favorite player whom i deemed fit to keep the game running, despite the odds reducing i will not take the option of cashing out but whereas the team are poor in substitutes i will quickly take out the profits before it is too late to do so. Not just about injured players but also in regards to card offesnses (Red card) if i am given the optioni to pull out i will definitely without compromising.

exactly!! When the odds are off, the cash out gets deactivated and you have no other choice than to wait till the game is over... I'd say, the casinos will always run on a huge loss if that process wasn't regulated IMO.
Every casino has an announcement/warning stickout/banner by the side that tells you whatever happens in there. Unless the user wagers on a single game all the time, without even wasting atleast 5 minutes on prediction, then the fact that some gamblers don't have an idea about changes in the odds is a fallacy.
Certainly it will. There are a lot of things involved in cases like this. If It doesn't suit your description, cashing out would still be a better option regardless.

It's true that anyone who is an active gambler will know that odds do change, but it's also possible that some can still be gamblers who place bets on sports and still don't notice those common odd changes because they just place their bet with the available odds, which display at the time of the booking, and don't have time to be checking on the live odd display again or if there has been any change made to it.

I think you're missing the point here.  So if I place a bet for a team I believe is going to win, and things look like they are going well in my favor, but the game is close-ish, and then lets say the best player gets badly hurt and has to be removed from the game and then I feel that the other team just might be able to make a comeback now, or perhaps I believe that they certainly will, well then it could make a heck of a lot of sense to cash out while your bet is "in the black", otherwise you risk losing everything.

Appreciate all the replies everyone.

It works exactly like live odds as far as I know, usually you only have cash out option for matches offering live odds by the way, so as live odds usually take into account this kind of event, I think cash out options also take that into account for offering an amount to cash out. Amounts offered are usually not very interesting nonetheless, it's usually better to keep his bet until the end, because some upsets can always happen fortunately.

Cashout amout is based on the current live odds for your pick. The change on the cashout amount is updated real time since it corresponds to the live odds set based on the actual condition of the match.

What I’m not sure is whether the casino adjust the odds if a significant player injured on the live match or they will just use the same stats for prematch to determine odds based on the current score.

AFAIK bookmaker use system to determine odds which means there’s a possibility that an in-game injury might not be reflected immediately. CMIIW

What I think is let's say you betted on behalf of your favourite teams and then having the best player injured while the match is on its not an obstacle to the odd but it will when the player is changed for another and he isn't playing with that same energy so in that note there would be alterations in catching out and the bookies don't have any right to do otherwise via any adjustments and all that but if your game was just as predicted for the match then you can catch out but the betting sites or Casinos don't have a say in adjustment of the game to fit anyone's demands.

The casino will adjust the odd when something happen in the match. I often see this when I want to place a bet and make me to adjust the odd. Maybe that happen in some casino and if you really want to find out, you must check one by one to know more. I

But in that scenario, I think cashing out will be better before the situation change so we will not have a chance to take the money. You need to be wise with the current situation so you can still take benefit from that and withdraw the money if that can reach the minimal payment on the casino.

In live bet, any factors that make the team become favorite will affect the odds when the team lost one or more factor(s).

If the favorite player benched or received red card, I'm sure the odds will be adjusted since losing a favorite player especially in the beginning. There were few case where the underdog team can beat the favorite team just because the favorite team lose one player, but the impact is really big.

In cases like this, if the strong team has a player that sustain injury, replaced or lose a point, definitely some bookies will adjust the odd of the team and it will also reduce the cash out amount.
I usually stake on accumulator of 10 - 15 games or more and after the first games have successfully played, I might see a high amount of cash out but if the other match is played and maybe in that game more than one players sustain injury, the odd for their next game reduce and the cash out shrinks too.

Not up for this debate, because only those who don't know gambling won't know that odds changes over time, even before a match ends or before starting the match, odds are constantly changing, online betting have make things more easier for gamblers now, when you are in a good position you need to avoid greed, most times my favourite picks would have turned bloody but I secure the profit before the match ends, fee times it went well but I don't care, gambling is too risky to have some crazy confidence on.

That is true for esports, when there have been a losing team that's obviously about ending the game, they're giving that losing team good odds. Sometimes, I spot into those games and they're really rewarding when you're a risk taker. And that's the reason if you know what you are betting to, you have to trust your guts and believe the analysis that you're doing with them. Come backs are very normal in esports but it's a different thing with the traditional sports although it also happens but it's very common if it's with the games in esports that we're gambling with.

During my younger days, I was almost on to that. Whether professional or just regular gambler, the opportunities in esports are way better than the younger generation.

If it's live betting then yeah, definitely. Especially if it was a player change, that's like one of the key aspects to consider during a match, not to mention we're talking about their supposedly best player here. Though to be fair the opposite could also happen and odds would still change. E.g. the worst performing player got kicked out cause, well, he's performing bad. Pulling him out 100% changes the odds, might depend on who gets swapped out though.

Also again, cashing out depends on your stance (and whoever actually replaced the player).

In as much as it's the best team against the mediocre team that's in a point or two goals ahead then a removal of one single player due to injury to be replaced by another won't have an significant course on the odds.

The sportbook will only have to adjust the odds size increasing it and probably fluctuating the cash out on and off only when the a player in the winning team in the game is sent out through a red card and that one man short now gives some advantage to their opponent which will now assume the pressing role while the winning team falls back to defensiveness to protect their points.

Subsequently, assuming it's the mediocre team that's leading with a goal or two and their key player got replaced out of injury then the odd is bound to change quickly since the key man is no available and there seems not to be any significant threat from them against the elite side.

The reaction timings of the live odds from each bookie are noticeable enough. I sometimes try to follow a live feed of a specific match and they'd post the live odds from 4-5 bookies from start to finish.

Unfortunately, they're one step ahead, and even if they update their odds slower than the other bookies they still have a safety layer through the bet acceptance and add a 3-5 second delay before our bet goes through.

I'm not really sure about this. but what I experienced was that the Cash Out amount would not change when the remaining match time gap had a fairly long time difference. like 1 full day. the change in the Cash Out amount seemed to occur when the line up of players from both teams began to be officially published. that was a few hours before the match started.
As I said, I'm not really sure because each bookmaker might have a different system for managing the Cash Out amount given based on the chances of each team. but I experienced this.

This is interesting and one that many sports bettors may be wondering about. In most sportsbooks or online casinos that offer live betting. Withdrawal options are usually not predetermined. But it will be a movement based on live betting. This can change quickly during a game, so if a team's star player is injured during a game and the intended outcome changes, Financial disclosures are likely to be adjusted almost immediately to reflect the new reality.

Most of the modern sportsbooks use very complex algorithms that change their odds and offers in real time. Consider your example. So when the best player of a given team is injured by point or two, then the odds will begin to tilt in favor of bad team and money spent there's a value to it because it goes down as well. It is a constantly changing environment. Thus, what one feels before an injury might be miles away from how they feel right after. Withdrawal strategies can be a lifesaver for a bettor in such situations. This is because it allows you to lock in some profits or minimize losses if things go wrong. suddenly get worse It is a tool that helps bettors place their bets. But the casino also wins because it allows for the possibility of betting throughout the game. Even when the tide turns all of a sudden. The only difference might be how fast the sportsbooks adapt to such changes. Bigger or more tech-savvy sportsbooks will innovate fast while smaller sportsbooks will take their time. However, by and large Changes to the withdrawal plan happen pretty fast.





That's wonderful, and I have experienced pretty much the same thing with sports betting too. Bookies treat live bets differently on some bookies. Especially when the name of the sport or football has been put. Sometimes sportsbooks will allow live betting through most matches but as you said "There are many cases where they will be closed quickly." Especially when I say the team is in losing mode.

One thing that is noticeable in esports betting is that the hype can happen quickly. This is often faster than in traditional sports, in games like League of Legends or Counter-Strike. One well-executed play or moment can turn the whole game around. This uncertainty makes the withdrawal option more valuable. This is because you may want to lock in profits while you still can. If you bet on a team that looks like it will lose. But you saw that they were able to come back and bet live at that time, like say what you did. It might be a good strategy. Especially if you know how that team plays under pressure. It also makes me wonder how bookies decide when to turn off the withdrawal option during live shows. I think it depends on the platform. Difficulty of the competition and odds that are boosted in real time. Esports is still relatively new to the gambling industry. So there may be a gap in bookstores compared to traditional sports. Is anyone else here trying to make money competing in esports? I would like to know if experiences are shared on different platforms.



Yeah, really interesting. I agree with the live betting odds are an overall state of the game rather than the situation of the individual player. In my experience, Profit margins can go a little bit higher when something completely unexpected occurs like when the key player is red or injured. Unless that's very visibly followed by a noticeable change in power on the scoreboard and then or throughout the game process it wouldn't all suddenly rise.

The interesting thing about live betting is that it is very dynamic. as you said Odds providers like Ultraplay and Betradar provide real-time data that most sportsbooks use. So there is a more consensus platform throughout the game. But the uncertainty in that game Whether through a sudden comeback or a change in strategy. It can lead to a big change in odds, for example in esports, even if a team falls early. But one clutch game can turn the tables in a big way. Especially if bettors feel the team can regain momentum. Using an odds provider ensures that most platforms have standardized odds. But when the odds are locked or when the sportsbook is updated at key times it can be slightly different. Have you noticed any differences in timing on different platforms? It would be interesting to hear whether some bookies respond faster or slower to energy changes compared to others.

From what I recall during my live betting sessions it's similar to players getting ejected, the odds should adjust but not by much until there's a noticeable momentum shift in the match, and suddenly the opposing team starts scoring points to take away the lead.

The live betting odds are a bit different IMO, during the match, it's more about the state of the game than the situation of the players because they can always go back and keep playing.

I doubt there are differences between the live odds of these bookies when they mostly use the popular odds providers like Ultraplay, Betradar, etc.

It's the same with the esports that I am following but not at all times they're the same. Some bookies are closing the games as soon as it starts but then I was able to place some bets during the live games when a team was about to lose and the odds are quite high and I've taken a gamble and a come back has happened and that losing team was able to give me a win. Most casinos are allowing that to cash out when you're able to win and I think as long as the game hasn't ended yet and there's the withdraw option, you're free to do that. Otherwise, when it's locked on, you cannot do anything anymore with that.

From my experience so far, cashing out options do changes because when the olds change the bet also affected as well, that is why during booking when you select games (matches) that is about to start and you placed bet if there are any changes they betting sight will say " do you want to accept odds changes in this match"? And if yes then automatically the game moves with the current odds and if "no" then you can't stake less until you accept the current odd. Hence, the odd affect the cashing out if the odd reduces the cash out options also reduce, in fact the overall performance of the games are solely controlling your cash out.

Well, that's going to be a good option for the ones who only bet in favor of a team because of one player, but if you're good at sports betting then you'll do your research about a whole team instead of just one player.

Sometimes good players don't perform that good and mediocre players perform better than the good ones in some games and that's why one should not only focus on a single player but a whole team in general.

I've never cashed out early in any of my bets because when I'm pretty sure about a team and I've done my research well then I don't panic even if that team performs bad at initial stage of the game. Even if I lose some bets that's okay but I'll let it there instead of cashing out early.

I have heard this particular question about this whole  cash out adjustment setting because of lately i had a major disappointment in a game i was supposed to cash out in an online sportbook locally but I was denied cahsout for some reason due to one of the games which was abandoned although they were already winning but was later abandoned. The game was this Belgium team Royal Antwerp and on that particular game there were already wining by a huge margin but funny enough this same game was played on another sportbook site and that one allowed a cashout and the two was same scenario although the one which cash out was paused the potential winning was upto $1.2k which was around 2million naira which the original stake i used wasn't even upto a dollar 1000naira to be precised.

from what I have observed the odds are constantly changing, before and during the game, this means that even before the game starts when there is some bad news about a team, something like a good player getting injured, the odds are immediately changed and this happens in all bookmakers almost immediately.


Well, in this scenario, when people cash out, they are not happy, because in most cases people manage to get many games right and the total odds become very high, but when there is only 1 game left and there is a scenario of a good player being injured and the total odds drop a lot, this creates frustration in the bettor, all the player's effort becomes devalued just because of one event.

I assume your question is directed to a live bet event, and sometimes I'm parlay bet where some of your selected matches have already played and the ones left are either yet to start or have already started, and due to the number of games that have already played, there is a cashout made available for you.
 
If the next game is already on and there is an injury that occurs in the process that increases the chance of the other team to win, the cashout option might entirely be removed or it will be reduced by some percentage; it also happens in a live bet.

It's not even supposed to be an assumption; if the team's capabilities aren't feasible and the game play becomes shaky in any point in time, regardless of If the best player in the team is injured or sent off the pitch, the odds will drop and the cash out limits will be reduced automatically. Everything is made to update changes in milliseconds with a very high refresh rate - you might be a little bit hesitant to cash out and all of sudden, the cash out button is locked. Why does that happen then?

well, it depends on the person involved.. I've dealt with several customers that'd rather lose everything than cash out in mid games. They always love to get the shedloads, but in most cases, they lose everything but not the lesson learnt.

When a significant event happens in the game which alters the possible outcome the cash out amount can be changed or is temporarily removed pending when changes will be made to it.

If we follow the situation as you described and the winning team were heavily favoured then their going ahead will not cause much of a change in the cash out amount or even cause the cash out option to be enabled.

It will depend on how much of the total amount is offered and the odds of the slip playing out successfully.

The number continues to change if you watch it live. I tend to try cashing out when I was winning and when I successfully cashed it out, the amount changed. I'm sure it would have been lesser if the opposing team scored another.

When I saw this happen I made a quick decision especially in the parlay where the next match you are watching is that the team you are rooting for is losing. I guess that's the effect as you see it coming, you are quick to decide what to do.

In as much as the bet has been printed out, the casino can not edit the odds again for those that has already bet on such game. Maybe the casino can later reduce the odds for future gamblers that would want to add such matches to their games. This is why it is good when we bet early maybe few days before the real match. The odds always reduce as the time towards the match is getting closer. I am a kind of gambler that like cashing out when I've seen that the probability of the team I have added to my sport bet is 50 50 and I can either lose the bet or win. So I always minimize my loses while trying my best to maximize my winnings is my major aim as gambler.

I thought you saw the outcome and determined  ...no offence but sure it changes continously ,maybe I should have added significantly at the mid region

Your opinion is really nice and I was also thinking towards that direction. The fact here is that odd do changes as the time goes on in a match, there are factors that changes odd in a match.
1)  if the big team has a small odd and the small team has a Small odd, immediately the small team start wining the game, the big club odd starts increasing. Or vise versa.

2)  if they have not started scoring goal in that match  as long as 45munits and above, the odd will start reducing.

3) the last one so far accordingly is that if someone has been changed in the match, it can change the odd

Really sport booking site's are very fast to update the odds as the game plays and even more match game's keeps changing in odds constantly, infact you are the first person that I will hear mentioning such thing as the odd are not updated immediately because that is against what we have always experience.


Sport bookies are very fast and ahead of the player in whatever ways you may thinks and for that you will definitely have to be extra Smart when using cash out botton the reason is that, the moment the game change, the odds are taking away and you may not have it available to you again depending on what the results of the live games.

It varies tbh because there is nothing set in stone in sports betting especially when it comes to live betting. The odds are dynamic because even bookies don't know what's going to happen over the course of the game. That is why, when an event occurs (there are thousands of events that could occur) during the match that may alter the results or performance after the event. It's a standard practice across sportbooks that I have played at.

The odds of the outcome cannot be easily determined immediately after  those kind of event, there's a need to monitor flow, but in most cases it's likely to reduce , it change range is likely to be on  how the game turns out, I mean it's just a single person there might not be too much change in the odds but generally even without  any injury the odds could change towards the mid and close time framewhich depends on performance form both side. Afterall, the bookmakers will always want to lure you to click on that button   so they have to play with your mind too.

The odds on live betting are dynamic and the fac that the main players gets hurt it change the odds for sure, for exampme, if Argentina is playing and Messi get hurt that will send down the odds on Argentina. And users can take advantage of this by cashing our or by placing bets once this kind of events happens.

I like to bet that way, following the odds and placing the bet in the right time.

Because of what you have said I think it will be based on the team because there are some teams where the injury to one particular star player can ruin the entire expected performance of the team, even absence of these players when there is team call-up affects the odds because of how very much influential they are considered. There are some other teams that injury to one player will not mean anything because of the quality that the other players possess, for such teams, I don't think any odds will be affected.

Bookmakers decides the odds and yeah it's possible the odds might change in the mid game drastically if the dynamics of the game also changes but in most of the games it won't be affected that much cause the entire team is not really based on single player's performance and they might have the star value but they might have someone who can perform similar or at least closer to make the absence insignificat in very small time.

I do not believe in cash out because I have used it before several times and I noticed that why using it if all are bet of chances and I saw many of its disadvantages at the time while betting. But I am using small amount of money to bet on small odds like using $10 to bet on 1.5 odd. But when a user posted on this forum how he supposed to win huge amount of money but he did not cash out and lost the money made me know that situations are different. Example is if I using $10 to bet on bet with winning of $1000 but I won $300 already and I can cash out and avoid the remaining 1 match, I may think otherwise and cash out instead. But the way I am betting, I can not cash out.

Odds are calculated based on time and events, and just as the others have pointed that sport bookmakers have a way of controlling the odds and if you follow the live bet page you will see how the odds keep changing, sometimes when you see an avaliable cash out, there is no need to give waste time because as the match proceeds so the odds keep changing along the line, sometimes you have to make up you mind not to wait until you realise you total profits before you cash out.

Although not many sport bettors make use of cash out because regardless of the amount available in the cash out balance, they believe in they overall analysis and will followup the game until it ends for them to know what is they faith.

It depending either you betting on ore match or even in live games, the most important thing when it comes to cash out and odds calculation is that it has to do with time and advantages that present themselves during the game, but left for the gambler to decide either to take the cash out or not.

It all depends on how good the club is, injured players and readjustment of players can certainly cause a change in the odds value but in a situation whereby a team has a high advantage of winning their opponent the change won't be at a significant value. I always tell people that the bookmakers are also gamblers, they carefully monitor the games and make adjustments in favour of themselves and against the gambler. Cashing out isn't always a bad idea, most gamblers get too greedy about it, even if the game ends up playing out after you must have cashed out always consider the fact that you made profit.

I always bet before the game starts but when it comes to major leagues in the weekends in soccer or in Champions League I always watch at least one game while I follow the live betting there, seeing how the odds change and watching live the game contemporary at the same time can sometimes give you an advantage, you for example may see that a certain team is having a lot of opportunities scoring goals and they miss all of them, you pretty much know where to bet especially if that team is in disadvantage you can bet on draw or them to win the game and take profit from some really nice odds, as soon as the game changes an that team scores 2 goals coming in as a winner you can directly use the cashout button which many casinos give that available to use and that is the case where people should take advantage from.

If the bet have been played before the match started and the slip had been printed as well, there is no need to worry over the changes that may occur over the game before the end of the match, because there is nothing going to alter on the amount we are eligible to win, but for those that didn't started from the begging and the match odd was for instance 2.1 and later turned 1.4 after which the key player was injured and was replaced or could no longer perform well, this will only affect those booking their bet after that and not those who already have placed their bet, this is my own opinion.

It varies, I bet mostly before the game starts and the odds mostly are locked on how much they are. But when the game is live, the odds really changes as per my experience so it differs sometimes and it depends to the bookmakers. So I think when you lock on a bet before the game starts, the odd sticks the same but if they open the betting during the live game, they're also adjusting the odds depending on the situation of the game.

If it is a good club or team, the odd may not change. Also know that even if the odd changed in a way the winning team odd slightly increases, know that as the time is going, the odd will continue to decrease while the cash out amount will be increase unless the losing team score.

Know that if the best player is removed, he will be replaced by another player. I have not noticed anything significant in the odd before but I did noticed changes in odd and cashout if an important player received red card.

If the team will become weak if the best playeris injured and removed from the field, know that those betting sites are very wise. The match you are watching is some seconds slower than what is in real life, they will pause the odds and cash out immediately, make analyses by themselves and use it to set the new odds and cash out. Do not be surprised if the amount to cash out dropped significantly or become unavailable for that time.

Edit:
Casinos are not bookies, bookmakers or sport betting sites.

I'm not writing this to ask the opinion really of whether you gamblers think it's something you should do or not necessarily, but more so the rules and the effects of it.

Let's say your team is up a point or two with plenty of time left and the odds heavily or just mostly favor that team winning.  Now let's say their best player gets hurt, which greatly changes the odds of the outcome.  Do casinos adjust the cash out amount for events like this right away, or is it something set in stone?  I'm assuming they would adjust mid game, but I simply don't know and I'm curious if it varies from casino to casino. 

Obviously in a scenario like this cashing out can make sense then since you don't feel as confident, nor would anyone, if you lose your best player.