At its core, cashout gives you control to settle a bet early but it’s not always straightforward. For example, during a combination, even with one or two wins, the remaining risk often is bigger than potential gains.
A casino not being straightforward as a result of the available cash out to give to an event solely depends on the likely outcome of that particular event because if it involves a game that has the chances of playing accordingly but due to fear of the unknown can make you decide to cash out such bets, Sometimes, the cash out amount is manipulative because some matches can be playing as predicted but the cash out amount can be lower than if that event was not included in your game. The cash out option has made gambling become more fun because you can still have the privilege of taken some part of your money even when the result is going in opposite direction.
Topic: Understanding the cash-out option - page 3. (Read 1012 times)
In making use of this available option of cashing out or not, we can also classified gamblers under this into two categories, some that always make use of this option of cashing out more frequently or occasional and the other kinds of gamblers, who don't change any of their final decision on gambling and don't consider using the option of cashing out, because they may not be interested in having a biased mind towards what they have already concluded, it is clear to us that every gambler has his own way or pattern of gambling, just as we have seen from the two categories given.
The cashout option is very simple, there isn't anology to it, all you have to do is accept the cashout offer at any given time or allow the game to play out complete...this is a choice you must make as a gambler, the cashout option gives you some sort of leverage, you have the opportunity to opt out whenever you want without losing everything you staked or matter of fact gaining more than the original amount you staked with... cashout is only considered to be a loss when the offer is lower than your stake, but if your cashout has a little percentage increase consider It to be a win.
Moreover, cashout can minimize losses or secure partial wins, but it demands focus, quick decisions and understanding odds changes making it difficult for those short on time.
You didn't Include the expected payout if the 1.5 game was to hit well, that being said I will never cashout a 1.5 goal market option if it's the last game just as I wouldn't cashout any game at all. I've been making bets from money I do not need and it's been fun for over a decades now. Lose or win I don't feel a thing.
Well, from my experience if the game was 1.5 at the start and it's still 1.5 then for a cash-out of $60 000 the total possible win would be $100 000, ussulay a 10% mark-up.So, would you still take the risks for the last game?
And actually, since this is quite funny, assuming you will take the bet since, well it's gambling, would you place a $60 000 bet on a 1.5 game?
Nope! I wouldn't except the odd is 1.50 - that's watery 50% profit if it hits. The safest bet for me still remains 1.50 single odd.
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You didn't Include the expected payout if the 1.5 game was to hit well, that being said I will never cashout a 1.5 goal market option if it's the last game just as I wouldn't cashout any game at all. I've been making bets from money I do not need and it's been fun for over a decades now. Lose or win I don't feel a thing. Well, from my experience if the game was 1.5 at the start and it's still 1.5 then for a cash-out of $60 000 the total possible win would be $100 000, ussulay a 10% mark-up.So, would you still take the risks for the last game?
And actually, since this is quite funny, assuming you will take the bet since, well it's gambling, would you place a $60 000 bet on a 1.5 game?
As for the question previously addressed, it wasn't a question, I just gave you an example of why cash-ing out makes sense at least for me, so I just looked over at my betfair stats and I have 19 cash-outs on horses in the last 6 months, none of the horses won in the end, so it would all have been lost money, money I could bet on something else.
Well, I was going a bit to the extreme to make the point but bad things do happen, I sometimes check
https://oddspedia.com/dropping-odds
and there are plenty of changes, some due to money flow but some due to news about the said game, then there could be the other way around, you won 9 out of 10 you have a cashout option of 60 000 and there is a 1.5 game waiting, you still take the risks?
https://oddspedia.com/dropping-odds
and there are plenty of changes, some due to money flow but some due to news about the said game, then there could be the other way around, you won 9 out of 10 you have a cashout option of 60 000 and there is a 1.5 game waiting, you still take the risks?
This question was directed to Yahoo but I'm gonna answer it since I didn't understand the one directed to me.
You didn't Include the expected payout if the 1.5 game was to hit well, that being said I will never cashout a 1.5 goal market option if it's the last game just as I wouldn't cashout any game at all. I've been making bets from money I do not need and it's been fun for over a decades now. Lose or win I don't feel a thing.
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Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
Many have always misunderstood the real meaning or motive of cashing out, some gambler even don't know how to use it, I am happy that this posts explains every thing to the understanding of even the dumbest person.
You are very correct with every thing including the last part of your post, it's unfortunate that those with very busy schedules can't or won't be able to utilize the opportunities cash-out offers in sports betting, as using this feature requires the gambler to be online at all time, most especially while the game he has betted on is being played live, an opportunity for a profitable cash-out may appear and may not last long before it disappears, and if not accepted at the right time, it's gone for ever.
Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
Some gambler regret when they have used the cash out option but they forget that it would have also gone against them if they had waited. A gambler that I know vowed not to use the cash out because he left early on a bet slip that had potential of a jackpot. Cash out users are not suppose to be angry when such happens because it is double edge.
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
Yes timing but we can't also be accurate with cash out no matter how we try to be prompt with it. The reason is sometimes you exit a bet through cash out and just with the next game you regret exiting because your game would have been successfully if left. So tight schedule or a discipline gambler on cash may not be accurate given the time of exit or continue play. I think luck is also operational in cash out.
Great topic op. Personally, I am a fan of the cashout feature despite it clearly favoring the sportsbooks because of its potential to reduce losses in the short-term and long-term. Was hilarious reading some posts in this thread about how books don't allow us to cashout when we are losing.
Hedging will always be superior in comparison, but you need enough funds to cover the other side too. If you aren't focusing on minimising losses, it's best to not cashout.
Hedging will always be superior in comparison, but you need enough funds to cover the other side too. If you aren't focusing on minimising losses, it's best to not cashout.
Personally, I used the cashout feature many times, and while it’s a powerful and useful option, it’s all about confidence, timing and live analysis during the game or between halves. At its core, cashout gives you control to settle a bet early but it’s not always straightforward. For example, during a combination, even with one or two wins, the remaining risk often is bigger than potential gains.
I had some moments when early cash-outs protected me from losses, especially in unpredictable games, but I also cashed out too soon and regretted missing bigger payouts. It’s a gamble in itself. Strategies like cashing out on matches that lead early or teams prone to late game surprises can work.
Moreover, cashout can minimize losses or secure partial wins, but it demands focus, quick decisions and understanding odds changes making it difficult for those short on time.
I had some moments when early cash-outs protected me from losses, especially in unpredictable games, but I also cashed out too soon and regretted missing bigger payouts. It’s a gamble in itself. Strategies like cashing out on matches that lead early or teams prone to late game surprises can work.
Moreover, cashout can minimize losses or secure partial wins, but it demands focus, quick decisions and understanding odds changes making it difficult for those short on time.
Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
I’ve read everything you shared, and you’ve explained it well - thank you!
Regarding the last part I quoted, that’s exactly what many posters in the cash-out thread overlook. They assume that cashing out equals securing profit and gives them an advantage. But, as you’ve highlighted through examples and conclusions, cashing out can often have a negative impact on overall betting. It might seem like a safe move, but in the long run, it limits potential gains and can hurt profitability.
I shared a story where a friend cashed out too soon and regretted it later while his friend trusted his instincts, remained in the bet and won big.
I have a friend that cashed out $5 from a bet while the person he gave the game failed to cash out for the meantime and his cash out accumulated to $600 and my friend was very pained when he found out he cashed out too soon.
However, fear can really make us cashout small money while the whole games would have been successful if we allowed it, but it will hurt the gambler if he was opportune to cashout million dollars but didn't because he trusted the games and he or she eventually lost it. On this scenario we all need to follow our instincts.
Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
I am particularly interested in the fact that cashout minimizes losses even though chances are high that the amount to be paid out will be reduced significantly, in some cases not even enough to cover the initial amount staked, but it's better than going home empty handed. This strategy is suitable for risks averse gamblers like me. Cashout allows gamblers to control their bets and take profits if they are very uncertain about how the bet would end. Cashout is not entirely a bad idea, risks conscious gamblers can now manage how much they lose.- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
Only applicable on matches that goes not in your way or something happened during the match that will affect the result of the game such as star player injured and so on.
However, Using cash-out regularly just because you cant accept the risk of losing meaning you are betting what you can afford to lose which is not good in general. We are betting because we are confident on our bet and at the same time we are just having fun which means we can accept whatever the result is.
Making a big deal for the use of cash out means you are betting with a strong attachment to your money.
What he said should be additional knowledge in a case of disbursement in gambling, in the benefit of being quite generous to share his knowledge and it is good enough for us gamblers who less understand how to respond to every question about this, I also shall him and thank you for the delivery of @stompix.
A lot of gamblers see the cash-out option as something very positive, as if it ends the risk right there. But what if cashing out early actually ruins the chance to hit a bigger jackpot? That’s a perspective most gamblers don’t talk about much because they tend to focus only on the benefits.
You have applied your mathematical knowledge into identifying if there is a precise strategy towards cash out. But trust me many persons will still think whatever they think towards cashout. This will not change their view on their personal definition on cashout. If they are in the position to take the offer, their decisions still stand.
Anyway, i understand what you have point out so far.
People who understand how he must develop and receive knowledge outside of what has been understood before is an intelligence to accept all opinions of many thoughts, fools are people who do not want to know the thoughts of others or the opinions of others, they will insist What's in his mind is true or wrong according to others.Anyway, i understand what you have point out so far.
What he said should be additional knowledge in a case of disbursement in gambling, in the benefit of being quite generous to share his knowledge and it is good enough for us gamblers who less understand how to respond to every question about this, I also shall him and thank you for the delivery of @stompix.
I am looking at hedging options which will most likely net me more of a win then taking a cashout option. This is definitely a worst case scenario though and 1 that likely is never going to happen lol. If cashout pays more then hedging somehow, then I guess in this unlikely scenario I would consider cashout.
Well, I was going a bit to the extreme to make the point but bad things do happen, I sometimes check
https://oddspedia.com/dropping-odds
and there are plenty of changes, some due to money flow but some due to news about the said game, then there could be the other way around, you won 9 out of 10 you have a cashout option of 60 000 and there is a 1.5 game waiting, you still take the risks?
Depends on what the odds were prior to the accident, but realistically you're never going to get anything close to 5.0, and if that happened, the bookies would offer you a cashout less than your bet amount or no cashout at all, knowing that the last game is sure to bust. The only time you should contemplate cashout in this circumstance is if it is more than 40% of the potential payoff; otherwise, go bang for bang and wait for the final game to play out.
I consider that even half or a quarter is better when I know there is no chance of them pulling out, I do this in horse racing, I see the horse running around and wasting energy I know he's going to burn out 3 furlongs before the end, and I will take that 20% out, to date not even once has one horse that I cashed out during middle race managed to actually come back and win it. I don't know if I saved 20% in total but I still did save some.
There are even funnier things the other way around, I had a 2.5 favorite drop before the last fence to 1.002, cast-out was impossible since he was the last horse in the race, and the horse that never missed a fence in his 7-year career fell when alone in the race
Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
I am particularly interested in the fact that cashout minimizes losses even though chances are high that the amount to be paid out will be reduced significantly, in some cases not even enough to cover the initial amount staked, but it's better than going home empty handed. This strategy is suitable for risks averse gamblers like me. Cashout allows gamblers to control their bets and take profits if they are very uncertain about how the bet would end. Cashout is not entirely a bad idea, risks conscious gamblers can now manage how much they lose.- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
Only applicable on matches that goes not in your way or something happened during the match that will affect the result of the game such as star player injured and so on.
However, Using cash-out regularly just because you cant accept the risk of losing meaning you are betting what you can afford to lose which is not good in general. We are betting because we are confident on our bet and at the same time we are just having fun which means we can accept whatever the result is.
Making a big deal for the use of cash out means you are betting with a strong attachment to your money.
Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
I’ve read everything you shared, and you’ve explained it well - thank you!
Regarding the last part I quoted, that’s exactly what many posters in the cash-out thread overlook. They assume that cashing out equals securing profit and gives them an advantage. But, as you’ve highlighted through examples and conclusions, cashing out can often have a negative impact on overall betting. It might seem like a safe move, but in the long run, it limits potential gains and can hurt profitability.
I shared a story where a friend cashed out too soon and regretted it later while his friend trusted his instincts, remained in the bet and won big.
I have a friend that cashed out $5 from a bet while the person he gave the game failed to cash out for the meantime and his cash out accumulated to $600 and my friend was very pained when he found out he cashed out too soon.
One big lesson - always play to win, if you must take cashout, don't settle for less than your staked amount. Let the game burn instead..
I'm the thick skinned gambling guy - we don't take cashout, we don't settle for less than our expected payout. We hit or we miss and play again.
I will not take the cash out either as I play to win. Why even make the bet if you're just going to cash out? I think most that cash out are those that are all in and get scared, so they'll take a small win or loss and try again. I'm the thick skinned gambling guy - we don't take cashout, we don't settle for less than our expected payout. We hit or we miss and play again.
If you are a scared player, you probably shouldn't be gambling. Cashout is for the weak IMO.
Let's do a quick scenario, you have a 20x parlay, you have won the first game you last game is Raptor vs Haws and you took the 2.0 on the Raptors, then you open the news and see that Barret and Poeltl got in car crash, the Raptors are suddenly 5.0, you still let the bet play or you cash out?
Depends on what the odds were prior to the accident, but realistically you're never going to get anything close to 5.0, and if that happened, the bookies would offer you a cashout less than your bet amount or no cashout at all, knowing that the last game is sure to bust. The only time you should contemplate cashout in this circumstance is if it is more than 40% of the potential payoff; otherwise, go bang for bang and wait for the final game to play out.
Bottom line, cash-out is not only a double edge sword that can
- minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
I am particularly interested in the fact that cashout minimizes losses even though chances are high that the amount to be paid out will be reduced significantly, in some cases not even enough to cover the initial amount staked, but it's better than going home empty handed. This strategy is suitable for risks averse gamblers like me. Cashout allows gamblers to control their bets and take profits if they are very uncertain about how the bet would end. Cashout is not entirely a bad idea, risks conscious gamblers can now manage how much they lose. - minimalize losses, protect part of your bet and allow you to create a strategy in the last second
- will reduce your profits, will have a negative effect on your state of mind if you missed a big payout
But most importantly is requires timing and discipline, making it impossible for people with tight schedules to execute correctly.
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