Understanding the cash-out option | Bitcointalksearch.org

stompix

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Quote from: freedomgo on January 15, 2025, 12:57:10 AM

Quote from: stompix on January 11, 2025, 09:20:28 AM

Bookies that offer cash-out are offering it in almost all situations when your best is still available, even if you're close to losing or winning.

Looks like we’re using different sportsbooks. I’ve never experienced being able to cash out when my bet is about to lose, my bookies are pretty clever about it. They usually close the line, so I have no choice but to take the loss. But when I’m winning, they suddenly get generous, tempting me to cash out early. LOL

Depends on who you use, although it's a bit surprising, both stake and betfair allow me to cash out even when I'm at a loss.
I remember managing to cash out something like 50 cents on a $10 for a horse on Betfair, from a favorite he turned into 15/1 in the middle of the track, and it withdrew from the race like 100 meters after my cash-out, it was clear like the sky that it won't win.

But I don't see why bookies won't allow it, after all, it's just a bet they take, you cashin out means you're betting on losing, multiply this by a hundred thousand bets and players and chances and it will spread even, the bookies will still have the same money as some will lose some will win but they will be able to grab an extra fee.

Haunebu

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Quote from: freedomgo on January 15, 2025, 12:57:10 AM

Looks like we’re using different sportsbooks. I’ve never experienced being able to cash out when my bet is about to lose, my bookies are pretty clever about it. They usually close the line, so I have no choice but to take the loss. But when I’m winning, they suddenly get generous, tempting me to cash out early. LOL

This is really, really strange. Literally every sportsbook and exchange that I used provided a cashout option when live betting in many markets whether I was winning or losing which is why your situation is odd.

They almost always offer a cashout option even when I am losing since they ultimately gain some profit at the end. I advise you to shift to better books asap.

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Quote from: stompix on January 11, 2025, 09:20:28 AM

Bookies that offer cash-out are offering it in almost all situations when your best is still available, even if you're close to losing or winning.

Looks like we’re using different sportsbooks. I’ve never experienced being able to cash out when my bet is about to lose, my bookies are pretty clever about it. They usually close the line, so I have no choice but to take the loss. But when I’m winning, they suddenly get generous, tempting me to cash out early. LOL

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Quote from: LUCKMCFLY on January 14, 2025, 09:52:04 AM

Quote from: Fredomago on January 10, 2025, 06:06:40 PM

Yes indeed, if you can take that break it's better to enjoy your earnings instead of being greedy and try to win more as most the time the outcome is not in your favor, unlike if you managed to quit while you still have some earnings that kind of enjoyment gives contentment with your gambling, not all have that same opportunity to win and if you'll not going to be wise then you'll find yourself regretting your action not to cash out your suppose profits.

This is what all players should do to have balance in their lives, the fact of resting does not mean that they will lose shape, some may think that they will lose that touch that they already had, no, it is quite the opposite, sometimes a rest is needed for things, that is the only way to go further, getting tired and exhausted sometimes does not lead us to anything good, for this reason we should consider all these things, rest, withdraw money, and many things like these that give us benefits and we can enjoy.

I don't know how gamblers feel when not using all the features of the casinos the attain balance feelings in gambling, as a gambler, or bettor one should make time to withdraw as much as one deposits, so when there is any available balance into your Bank account, this is how to stay above urges that come from having surplus balance, I have a bad experience last time, I won 0.004BTC from sports bet, and instead of withdrawing I hard the feelings to let the funds be on my stake account and while I was at that, a few hours later when I visited my sports betting section on stake, I saw a match that I could bet for on live games, that was how I wagered my total balance of 0.004BTC, I lost the game, because few minutes into my bet the other team made a goal score that places my bet at risk.

Since then, I prefer to take out any available Cash out if I can take it out, and never look at the game again, regardless, cash out is one feature that has favored the players most and as we have always mentioned here in the forum, we don't need to be greedy that means at any opportunity one should take what is available and not allow greed to take over them so much.

LUCKMCFLY

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Quote from: Fredomago on January 10, 2025, 06:06:40 PM

Yes indeed, if you can take that break it's better to enjoy your earnings instead of being greedy and try to win more as most the time the outcome is not in your favor, unlike if you managed to quit while you still have some earnings that kind of enjoyment gives contentment with your gambling, not all have that same opportunity to win and if you'll not going to be wise then you'll find yourself regretting your action not to cash out your suppose profits.

This is what all players should do to have balance in their lives, the fact of resting does not mean that they will lose shape, some may think that they will lose that touch that they already had, no, it is quite the opposite, sometimes a rest is needed for things, that is the only way to go further, getting tired and exhausted sometimes does not lead us to anything good, for this reason we should consider all these things, rest, withdraw money, and many things like these that give us benefits and we can enjoy.

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Quote from: freedomgo on January 06, 2025, 03:43:49 PM

Quote from: Pi-network314159 on January 06, 2025, 03:06:38 PM

there are times when you stake high and the game is about to lose, and instead of you to lose it all, the cashout will help you to recover some amount that would have been lost,

I'm just curious, based on your experience, how often are you right in these situations? You predict that your bet is likely to lose, but you still manage to cash out some money. On the other hand, bookmakers often offer cash-out options when you're on track to win, yet you sometimes take the smaller profit because you're not fully confident you'll secure the victory.

Yeah the cash out options are always tempting when the game is actually playing according to your prediction but there’s still time for the game to change, they’ll then offer you a very mouthwatering cash out to see if you’ll consider walking away with the cash out, that’s if you’re not absolutely confident about the outcome of the game in the remaining minutes of the game or the other games that are yet to begin. But when the game is about going bazaar, even if you get a cash out option, it’ll not be as mouthwatering as it was when the game was going well.

Frankolala

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Quote from: freedomgo on January 06, 2025, 03:43:49 PM

Quote from: Pi-network314159 on January 06, 2025, 03:06:38 PM

there are times when you stake high and the game is about to lose, and instead of you to lose it all, the cashout will help you to recover some amount that would have been lost,

I'm just curious, based on your experience, how often are you right in these situations? You predict that your bet is likely to lose, but you still manage to cash out some money. On the other hand, bookmakers often offer cash-out options when you're on track to win, yet you sometimes take the smaller profit because you're not fully confident you'll secure the victory.

It's better to take little profit than to be greedy and end up losing it all. As long as you are already in profit with the cash out offer, I am cool with it. Having the mindset of winning big has made a lot of gamblers lost more than what they expected. However, if it's an amount that you can afford to lose, you can take the risk to see the end of the last game.

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Quote from: stompix on January 12, 2025, 07:47:21 PM

And it can stop you from winning the max on your parlay too, as I said it's a double edge sword, nothing is just black and white.

Yeah. Cash-out is an amazing feature in my opinion if you know how to use it properly and effectively. I missed out on some big wins because of it, but I saved way more money in comparison thanks to using it properly.

Quote from: freedomgo on January 13, 2025, 10:16:22 AM

As for cashing out after placing a bet before the game even starts, it’s pretty normal for the amount to be lower. It’s almost automatic profit for sportsbooks.

True. However, there are times when the line moves in our favor thanks to which we can cashout before the game ends and hedge the other side for guaranteed profits.

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Quote from: Odusko on January 13, 2025, 03:07:13 AM

Quote from: freedomgo on January 13, 2025, 02:53:58 AM

Quote from: Odusko on January 13, 2025, 02:50:00 AM

Ohh if you already had two winning games on that ticket and with odds of 1.4 + 1.44 it means you are already winning and your cash-out balance should be a little above your bet amount right now, I don't know how other bookies calculate their cash percentage, but if it stakes you should already be in profits.

When you cash out, it already includes your original bet. So, if the cash-out offer is lower than your initial stake, it simply means you think you’re winning, but the bookies see it differently. It’s simple logic, if you’re ahead, they’ll offer less than the potential winnings, but if you’re losing, they’ll offer less than your original bet.

freedomgo I think you may have slightly misunderstood my earliest comment about available Cash out below your original bet amount, what I was referring to is that, when you just placed your bet, you have available Cash out even though none of the games have been played, stake offer's such offers but it will be below you staked amount until your games start playing out and you be in winnings, stompix did also mentioned that he had such available Cashout offer immediately after he placed the bet, and I am sure the amount will be lower than his staked amount.

You used the word "winning," so your bet hasn’t technically won yet. The way you view it might be different from how the bookies see it. As long as the game is still ongoing, there’s no guarantee a team will win, even if they’re ahead. The type of game might also factor into how cashouts are calculated.

As for cashing out after placing a bet before the game even starts, it’s pretty normal for the amount to be lower. It’s almost automatic profit for sportsbooks. In reality, we’re just fooling ourselves if we think incorporating cashouts into our strategy is beneficial when it actually just adds unnecessary stress over time.

Odusko

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Quote from: freedomgo on January 13, 2025, 02:53:58 AM

Quote from: Odusko on January 13, 2025, 02:50:00 AM

Ohh if you already had two winning games on that ticket and with odds of 1.4 + 1.44 it means you are already winning and your cash-out balance should be a little above your bet amount right now, I don't know how other bookies calculate their cash percentage, but if it stakes you should already be in profits.

When you cash out, it already includes your original bet. So, if the cash-out offer is lower than your initial stake, it simply means you think you’re winning, but the bookies see it differently. It’s simple logic, if you’re ahead, they’ll offer less than the potential winnings, but if you’re losing, they’ll offer less than your original bet.

freedomgo I think you may have slightly misunderstood my earliest comment about available Cash out below your original bet amount, what I was referring to is that, when you just placed your bet, you have available Cash out even though none of the games have been played, stake offer's such offers but it will be below you staked amount until your games start playing out and you be in winnings, stompix did also mentioned that he had such available Cashout offer immediately after he placed the bet, and I am sure the amount will be lower than his staked amount.

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Quote from: Odusko on January 13, 2025, 02:50:00 AM

Ohh if you already had two winning games on that ticket and with odds of 1.4 + 1.44 it means you are already winning and your cash-out balance should be a little above your bet amount right now, I don't know how other bookies calculate their cash percentage, but if it stakes you should already be in profits.

When you cash out, it already includes your original bet. So, if the cash-out offer is lower than your initial stake, it simply means you think you’re winning, but the bookies see it differently. It’s simple logic, if you’re ahead, they’ll offer less than the potential winnings, but if you’re losing, they’ll offer less than your original bet.

Odusko

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Quote from: stompix on January 12, 2025, 07:47:21 PM

Quote from: Odusko on January 11, 2025, 05:32:01 PM

The moment you place a bet, you have available Cash out which will be a little lower than your staked amount, taking Cash should be best when your bet is already at winning, that is the only time the cash-out amount can be higher than you staked amount and also having his chances to win put you at advantage over the bookie.

I had two winning games on that ticket, 1.4 and 1.44, the cash-out option was still under the bet amount, I think I might have to adjust that formula a bit, but I will also need to check if the ods for the other games have changed, it seems a bit unlikely that a 1.7 parlay would still be under.

Ohh if you already had two winning games on that ticket and with odds of 1.4 + 1.44 it means you are already winning and your cash-out balance should be a little above your bet amount right now, I don't know how other bookies calculate their cash percentage, but if it stakes you should already be in profits. Anyway man good luck and hope you will share your experience in this bet if all the games have been played out, we can share more experiences on this discussion.

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Quote from: stompix on January 11, 2025, 09:20:28 AM

Quote from: freedomgo on January 06, 2025, 03:43:49 PM

On the other hand, bookmakers often offer cash-out options when you're on track to win, yet you sometimes take the smaller profit because you're not fully confident you'll secure the victory.

Bookies that offer cash-out are offering it in almost all situations when your best is still available, even if you're close to losing or winning.
For them is the same thing, it's just another bet, just as you took the first parlay now a cash-out is a bet you're taking to think that your team will either lose or win, and the rewards are just the modified odds between the events.

Speaking of cashing out early, this is from my under 1.5 experiment right now:

No match has been played yet, the first starts in about a quarter but if I were to cahs-out I would only get half of my bet.
This is one of the disadvantages when playing with these odds, you're forced to wait for the first win no matter what.
I'm actually curious what happens if Friebug wins.

Keep us updated how the odds evolves after the first win as it will be interesting to see. I rarely play parlays anymore but when I played them; I would sometime hit take the cashout if I had like 3/5 matches right already. Often it would go wrong in the last match and I don’t think it is bad idea to cashout some profit already.

stompix

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Quote from: Odusko on January 11, 2025, 05:32:01 PM

The moment you place a bet, you have available Cash out which will be a little lower than your staked amount, taking Cash should be best when your bet is already at winning, that is the only time the cash-out amount can be higher than you staked amount and also having his chances to win put you at advantage over the bookie.

I had two winning games on that ticket, 1.4 and 1.44, the cash-out option was still under the bet amount, I think I might have to adjust that formula a bit, but I will also need to check if the ods for the other games have changed, it seems a bit unlikely that a 1.7 parlay would still be under.

Quote from: Victorybit1 on January 11, 2025, 11:32:22 AM

Greed is one thing that doesn't allow gamblers take this offer when they get it. Using the cashout option would save you from losing your stake completely.

And it can stop you from winning the max on your parlay too, as I said it's a double edge sword, nothing is just black and white.

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Quote from: stompix on January 11, 2025, 09:20:28 AM

Quote from: freedomgo on January 06, 2025, 03:43:49 PM

On the other hand, bookmakers often offer cash-out options when you're on track to win, yet you sometimes take the smaller profit because you're not fully confident you'll secure the victory.

Bookies that offer cash-out are offering it in almost all situations when your best is still available, even if you're close to losing or winning.
For them is the same thing, it's just another bet, just as you took the first parlay now a cash-out is a bet you're taking to think that your team will either lose or win, and the rewards are just the modified odds between the events.

Speaking of cashing out early, this is from my under 1.5 experiment right now:

Cash-out is one feature in betting that has helped gambler's lot more than it did to the bookies, because a lot of time my games remain the last game on the ticket offer and I won't look twice before taking a Cash out move on because waiting till the end of the game can be a wait that ends in disaster, so caution and opportunity needs to be taken seriously while betting.

Quote

No match has been played yet, the first starts in about a quarter but if I were to cahs-out I would only get half of my bet.
This is one of the disadvantages when playing with these odds, you're forced to wait for the first win no matter what.
I'm actually curious what happens if Friebug wins.

The moment you place a bet, you have available Cash out which will be a little lower than your staked amount, taking Cash should be best when your bet is already at winning, that is the only time the cash-out amount can be higher than you staked amount and also having his chances to win put you at advantage over the bookie.

Victorybit1

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The cashout option is as simple as abc, it doesn't have much technicalities involved. Many gamblers don't take advantage of the cashout option because they think that they are cheating themselves by using it. Remember that no prediction is certain, so waiting for a game to play out completely can be very risky. Greed is one thing that doesn't allow gamblers take this offer when they get it. Using the cashout option would save you from losing your stake completely. Cashouts are a way to mitigate losses, although every sportbook has a different value of what they offer you.

stompix

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Quote from: freedomgo on January 06, 2025, 03:43:49 PM

On the other hand, bookmakers often offer cash-out options when you're on track to win, yet you sometimes take the smaller profit because you're not fully confident you'll secure the victory.

Bookies that offer cash-out are offering it in almost all situations when your best is still available, even if you're close to losing or winning.
For them is the same thing, it's just another bet, just as you took the first parlay now a cash-out is a bet you're taking to think that your team will either lose or win, and the rewards are just the modified odds between the events.

Speaking of cashing out early, this is from my under 1.5 experiment right now:

No match has been played yet, the first starts in about a quarter but if I were to cahs-out I would only get half of my bet.
This is one of the disadvantages when playing with these odds, you're forced to wait for the first win no matter what.
I'm actually curious what happens if Friebug wins.

Fredomago

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Quote from: LUCKMCFLY on January 08, 2025, 01:28:29 PM

Quote from: Fredomago on January 05, 2025, 07:47:30 AM

It's far better to take that option of cashing out, when opportunities and capabilities is on your position, take that chance and then enjoy your profits.

This will always be the best option when playing in a casino and even in sports betting, there is no other option, withdrawing the money you win is the healthiest thing in the world, even I who am poor sometimes with things I prefer to withdraw and if I feel like playing more I prefer to make time by depositing again a balance much lower than the previous one just to get the idea out of my head, but once I have the money in my hands, sometimes it is much healthier not to make deposits and play during the day, because the joy of winning goes away if we lose what we deposit, sometimes things are like that.

Yes indeed, if you can take that break it's better to enjoy your earnings instead of being greedy and try to win more as most the time the outcome is not in your favor, unlike if you managed to quit while you still have some earnings that kind of enjoyment gives contentment with your gambling, not all have that same opportunity to win and if you'll not going to be wise then you'll find yourself regretting your action not to cash out your suppose profits.

Jaycoinz

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The cash out option is basically to opt out of a running game and take whatever offer the sportsbook gives at that moment depending on how well your predictions are going. There's isn't anything complicated about this at all and there's no much technicalities involved. The cashout option has saved a lot for gamblers from losing, only greedy gamblers don't take advantage of this. I don't always wait till my ganes play out completely, it's more reasonable to cashout especially when the profit is a lot higher than my original stake, a win is a win no matter how small it might be.

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Quote from: Distinctin on January 05, 2025, 05:58:18 PM

Well, making money is the ultimate goal, so if you think what you have is good enough, then proceed to cash-out option. At the end of the day, profits will be profits, regardless of the amount. Just stick to it, otherwise it woul end up blaming yourself why you decide to bet more when you have gained already what you are looking for.

Yes, although I start from something very simple, as long as there are profits everything is good, it does not matter that it is not a lot of money, because Sometimes we take as a premise to withdraw when the amount is really good (high) but that is already the decision of each person, because I have experienced a lot of losses, profits, and how I act when I expect a large amount to be made at the casino, it does not work for me because in the end I end up risking and losing everything , so it is much better for me to do it that way, it does not matter how little, the important thing is to have our money.

Topic: Understanding the cash-out option (Read 1012 times)