Topic: Why do bookies allow cashouts?  - page 2. (Read 1116 times)

The bookies know the gamblers can become greedy when they see their temporary winning so gamblers will delay their winning and expect to win huge money in the end of the match. But sometimes that will not happen and makes gamblers lose all of their money so bookies can takes the money while the gamblers regret it. The bookies gives the opportunity to gamblers to cash out their winning so gamblers can realize that they can get their win money. But not many gamblers realize that opportunity instead let it be like that until the match end. If gamblers can be wise to the situation, they will take the chance to cash out their winning and leave the casino to enjoy the money. That is what we need to do if we see the winning.

Indeed, the cash outs feature is there for a reason and there wouldn't be any feature that a casino will introduce that would not benefit them. So whatever you see in a casino, be it auto spin or bonuses or cash out, know that in one way or the other, the casino has built the system to benefit them first before you, the player. But then I think gamblers too can benefit, even if it's small.

And yes, the cash out amount is always lower than the real amount that you win if your game comes true. So to me, I see it like a little win for gamblers. Because if your game doesn't come true, you will lose it all. If you decide to cash out at that point, you  still get something for yourself. Might not as much as what you expected or what you budgeted, but it's something.

So emphasis on don't play with, the amount that you can't afford to lose. Is either you risk it till the end and see if you win it all or you just cash out, probably lower than what you used to play the game, but it's something.

The cash out feature will definitely increase the casino's profit. So don't get too excited when you see a cash out feature, it's casino advantage seventy percent, your advantage thirty percent, as a gambler.

the idea is designed to favour gamblers  so that you can get to win even before the game comes to an end and in the same way also, cashing out might deny you of your potential win placing the bookies at a good profit. Depending on how you look at it, cash out could be a good thing and at the same time a bad thing to iether bookies or the gambler. You know that feeling that comes when you're given the opportunity to cash out even when you're a bit sure that the rest of the games that's pending will still come out well? It's a way of playing with your emotion and that way, they reduce the amount they will loose as long as you cash out without waiting for your altimate potential win which if you're able to remain patient till all the games plays to completion will land them in a potential huge loss.

Actually, the cash-out feature does exist for a reason, and it’s designed to increase the profitability of the casinos.

We might think it benefits us, but it actually favors the house. The cash-out amount they offer is usually lower than the real value. For example, if they allow you to cash out $100, the actual value of that bet could be around $120--that’s just a rough estimate to show that we don’t really gain an edge through this feature.

The reason why I believe that casinos offers cash out to gamblers is to minimize their loses, I doubt that it's really because they want the gambler to take some profits. If a gambler who bet 20 matches has been lucky so far on 18 matches, they wouldn't want him to get the remaining 2 and collect the total win that is why they make the deal. As you're gambling to win the casino is also gambling for you to lose, so if you're a potential winner they'll want to minimize the win. If I've been lucky so far I'll not want to cash out, I'll rather see the ticket through to the last match. That is why it's important to gamble with the amount that you can afford to loose.

I believe it’s both for the casino and the player that there could be a limit to what they lose/gain with the gambler's bet. I think it could be attractive to have that in a casino to cash out if they feel/know that they can lose, and it allows the gambler to get some winnings. I think it is made for the players so they can stay and stay in the casino.

This cash payment may only apply to physical gambling, because for online gambling I don't think there is anything like this even though for example the online casino center is close to our house and then at some point we get a win I don't think they provide cash payments. Another statement is that online casinos do not necessarily have physical casinos, but on the contrary physical casinos most likely have online casinos whose purpose is to cover more people to visit their casinos. If you look at the benefits, it is different, maybe online casinos tend to be bigger.
I myself have never actually visited a physical casino, but with some videos that I have seen with two women who gamble and manage to win they get some cash for their correct guesses. And during my online gambling I have never seen anyone receive their winnings by cash payment, all tend to go into our account number first.

Yeah most definitely Casinos do that due to their inability to pay up gamblers with a win and subsequently it's one of their strategies to inform you indirectly that they can't offer you the amounts of wins you have attain so what they do is to issue you to csshouts even before the main games start. It's funny how they are always bent on this, normally you'll be thinking they want you to make alot before the main game but mind you they don't care about what winnings and loss if a gambler and thats why they make this strategies to let the gambler gamble more so they can make so much profits for themselves.

This is about two possible reasons why casinos provide the cash out feature before the session ends, as you believe OP either the casino can't afford to pay or because the casino really cares about the fate of the gambler by giving the option to cash out before significant regrets occur, but I think it is unlikely that the casino is afraid to pay out the gambler's winnings if all the bets executed are successful, because anyway it is unlikely that the casino will give the gambler the opportunity to bet on more chances at the same time if they can't afford to pay (except for disreputable casinos).

That means I am pretty sure that one of the biggest reasons casinos do is because they care enough about the fate of the gambler, the other is because when for example the casino doesn't provide the opportunity to cash out early and the gambler loses in the last few steps then of course there is a chance that the gambler will not return to play at that casino, there is always someone who thinks that way.

Bookies allow cash outs to limit their losses I assume. Anytime they make you an offer you can bet that they’re getting a little something out of it. At the same time that doesn’t mean it isn’t worth it for a gambler to take advantage of the offer to lock in some profits even if it means giving the bookie another source of revenue.

If you started very early in the past to play betting, taking you for instance. Here in my countryside, When I started gambling, I noticed that cash-out option wasn't then available, but later it became available. Furthermore, when online gambling hasn't become this popular as it is today, when I used to go to book my games in a physical betting shops, I often hear off people then complain, if there had been way they could have cashed out when almost all their games had played and remaining few or one they're no longer sure if it will play and various reasons they wanted to cash out.

Therefore, I believe betting platforms at some point became aware of this complaints by its customers and try to make betting more flexible and within the gamblers control other than how it used to be before, Not only that it's also of beneficial to them because they don't have to pay off a whole big money, had a game been in the money.

Both the gambling platforms and its customers enjoy this offer and also make the process easier for participants.

Straight to the point and very well said, kudos on this well thought out comment, the part I like the most is that part that states that even bookies are gamblers themselves, this is something I completely to.

Right from time, and in several of my previous posts and comments, at every given opportunity, I've always emphasized on the fact that a gambler's win is the casino's loss, while a gambler's loss is likewise the casino's win, so, using this context, I guess its OK to say that in reality, gambling is simply a game or match between the casino and the users playing on that casino, though casinos are known to have a better edge of winning in the long term over their opponent(the user).

So, in the end, cash-out in betting is just as you have explained it, it's the casino trying their luck on cutting their potential loses to player, though often times, it's not always in their favor, just same way cash-out, if accepted or ignored, doesn't always end well for the gambler.

That's what they want ypu to do take that profit.  They can always limit theor downside risk or theor exposure if they are cutting in half you potential winnings.  Like the saying goes, just cutting your losses.  They don't need to win all the time but if they lose big enough a couple times it could put them in a bind and lose their entire house cashroll.

The simple answer to this question is because the bookies are gamblers too, cashouts are more like a distraction to lure your attention a away from a potential win, when a game has a high chance of going your way there offer you a tempting cash out so you can just take it but the tricky thing is sometimes taking those cashouts might be a good decision because you don't actually know if the games would go sideways. Gamblers go through the pain of regret after cashing out a game that plays out well, to me that's greed. You should at least consider the fact that you made profit.

Doesnt matter on what are the things that on bookies mind on why they would really be offering such thing about having that early cash out feature on which they would really be that showing on when you are already that halfway on your parlay bets. We cant really be able to say that they are trying out to minimize that full payout thing when you do hit up all those wins on your betslip but actually this is really that an advantage i should say because at least the bettor would really be having the chance or having the moment that they could be able to secure out some profits specially on the moment that they will really be that starting to be skeptical throughout their bets. You could be having the option on going out and secure on whats currently been offered or whatever the number it would be.

It would really be just that up to you, whether you would really be that up to you whether you should really be that cashing out early or not. You arent that forced on whatever the actions you would really be taking.
If you dont like such feature or option, then just simply ignore it out but pretty much sure that one day you would really be that making use of this one since t here would really be those moments that you cant really be so sure of your betslip specially on parlays. You will really be appreciating about its existence. 

There are gamblers who used strategy and take this feature in their favor though not a guarantee, but they make something decent cashing out and making secure the profit and not to wait for the actual outcome of the game, though in the essence of your gambling it's lessen the amount of your possible earnings.

Depends from how a gambler set things out when he start playing, it's always your choice in how to maximize your profits.

The feature has become popular, so everyone wants to have it. However, it still depends on the bookmakers since they are the ones setting up the odds during live games and pre-games. Mathematically, we have a disadvantage when using the cash-out option because our real chances of winning are often higher than the amount we receive if we cash out.

Only those who consider math as a critical factor understand this, but it's quite complicated, so many bettors don't bother checking. They simply think that by cashing out, they’ve either secured a win or minimized a loss.

For me, the most obvious answer is only one. Competition among the bookies.
One bookmaker started offering this cashout option and many sports bettors started moving to this bookmaker. The other bookies also implemented cashout option in order to keep their customers. This is a normal business practice. No business in the world wants to lose customers. I don't think that the bookies are suffering from financial loses by adding this feature. The bookmaker revenue is calculated via a complex formula, but I can't find that formula anywhere on the internet. Basically the bookmaker is always winning, the outcomes of the sports events and the amounts of money, that were cashed out by the players don't matter.

Instinct can make their prize better, or bring it down completely, each decides for themselves, thanks for sharing your points on it!

That's the main point it's not just for the gambler but also beneficial for the house if ever a gambler decides to stop before the game ends,  they reduced the potential earnings of the gambler,  though also an advantage for the if they end the session if the game ends against their favored, it's a unique offers which can be maximize by each gamblers,  but for sure there are still many who doesn't use this featured as they mostly trusting their instinct and aiming for huge amounts of money  to win.