Some bookies also use it to attract customers in this competitive world, you can imagine those bookies that do not offer such compared to those who do, people will, of course, prefer those who offer it especially when they have reasonable offers when you are winning. For instance, some bookies may offer to give you $850 at a point when the total winning may be about $1,000. Is that not fair enough?
some gamblers will also definitely consider their chances of winning. if the offer is attractive with good benefits, of course, gamblers will also be interested in the guaranteed victory that can be obtained instead of continuing to wait until all the games are finished. of course, gamblers will consider their chances. if it is still quite high, gamblers will likely ignore the cashout offer. I don't know clearly who will benefit more from this feature. but gamblers and bookies must calculate their advantages and disadvantages. 
Topic: Why do bookies allow cashouts? - page 5. (Read 1122 times)
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Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
I've experienced this kind of offer in other risky activities even before starting gambling on sports betting and I believe it is a risk being taken by both you and the bookies. They majorly do that to lure you to accepting a low pay if the betting is more feasible that you will win, but at the same time, they are taking a risk because if it turns out that you lose the bet, they've already missed the opportunity to gain all your money.Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
Some bookies also use it to attract customers in this competitive world, you can imagine those bookies that do not offer such compared to those who do, people will, of course, prefer those who offer it especially when they have reasonable offers when you are winning. For instance, some bookies may offer to give you $850 at a point when the total winning may be about $1,000. Is that not fair enough?
I wonder why I should not take that offer if I bet only $350 for instance. And this is still your choice, you may wait till the end of the games to claim all, but most times in this situation, I go for the nice pay before the match ends, especially if the chance of winning is not so high.
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Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
It works in casino advantage most of the time. You’re right on assumption that casino want to cut payment amount since they are only paying very small portion for a cashout bets while some user do struggle sometimes and become greedy on deciding factor matches on the parlay that result on a half baked decision on gambling.
I remember the days that cashout is not yet implemented on bets. Players need to do counter bet just to breakeven the active bets that placed wrong but right now player can just use the cashout button to quickly cancel bet with minimal loss if the game is not yet started. I think this is one of the advantage of cashout of players aside from take profit when the last game has low win rate.
Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
casino will not be short of funds to pay bets. I think it's just a feature to trick gamblers into betting. especially if you have already made some bets and have seen the profits, there are only a few matches that have not come out but the situation is still unclear whether you will win the bet or not.that's to test the steadfastness of the gambler, the situation can benefit the gambler or not, but if you think the chances are better, I'm sure the gambler will stay in his bet.
It surely is not just well wishing. With every results, the odds for the betor to win keeps on increasing and there would be a time when it would be better to pay off a compensation amount to the betor than to risk paying a full win. They won't be doing it manual and there are algorithm and formulas to calculate what to offer at what point of time.
This is not something every of them do so it is also a plus feature many of the gamblers would enjoy. It would also be a marketing strategy for the bookie.
This is not something every of them do so it is also a plus feature many of the gamblers would enjoy. It would also be a marketing strategy for the bookie.
It's because the gamblers are asking them to add this feature, if there are not many request, they will not do it.
Cash out is a form of gambling too since you might made correct decision or wrong decision, which the bookies think it's nothing wrong since they could benefited from people who cashout when all of the bets were actually correct.
Imagine if the casino don't have cash out feature, many users will demand it.
Cash out is a form of gambling too since you might made correct decision or wrong decision, which the bookies think it's nothing wrong since they could benefited from people who cashout when all of the bets were actually correct.
Imagine if the casino don't have cash out feature, many users will demand it.
Well, I have always asked myself this question several times, but guys, I also want to get your opinion.
For gamblers who are really into sports gambling, you are aware that some casinos offer you a cash-able amount, which is usually some percentage of the potential winnings on your ticket. These cash-out offers are usually presented if you stake in an accumulator (for example, up to 20 selected games), and luckily, if 15 or 18 games are already successful in your accumulator,the casino will offer some percentage of the cash out of the potential winning amount.
Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
For gamblers who are really into sports gambling, you are aware that some casinos offer you a cash-able amount, which is usually some percentage of the potential winnings on your ticket. These cash-out offers are usually presented if you stake in an accumulator (for example, up to 20 selected games), and luckily, if 15 or 18 games are already successful in your accumulator,the casino will offer some percentage of the cash out of the potential winning amount.
Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
That's how business works when you are 90% successful and they assume that they can cut you off with 50% of total winnings which most people will accept so the casinos won't lose the remaining 50%.
Why, is it just to save them from potential loss but you have the deciding authority whether you want to go on and take the risk or gonna settle in with what you're offered, myself will take out the money cause all it takes just one loss in Parlay.
Bookies win money with that option, they let users cashout less than the full amount they would have to pay if the bet win, and that way they save some money by paying a percent of the bet and not the full amount.
Most gamblers are emotional, and will cash out before the game ends, and that's is good for the casinos. But sometimes this feature could used against the casino, for example, if you bet in the underdog, and that team have a nice start, you can cashout a descent profit. That's a wise way to use that feature, but you need luck on your side for that.
I have lost money many times using the cashout option and this makes me agree with you. Maybe the bookies understand that people tend to cut short their winning while allowing the losing bets to finish hoping it will change. When I bet a game and the game is working perfectly well, there will be a very big temptation to cashout especially when I'm offered amount far bigger than my capital. On the contrary, when the game is going against me and the cashout is very small, there will be no motivation to cashout the game. This is the psychology behind the cashout system which is cutting short winning games and allowing losing games to run. The bookies profit from this mostly. Most gamblers are emotional, and will cash out before the game ends, and that's is good for the casinos. But sometimes this feature could used against the casino, for example, if you bet in the underdog, and that team have a nice start, you can cashout a descent profit. That's a wise way to use that feature, but you need luck on your side for that.
Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
Why do casinos do that? it all depends on your POV, I've an accumulation of 2 POVs here:
1. Negative POV Towards Casino
We assume that the casino is afraid of the betting slip that we have, or creates an option to cash out to create more worry about the accumulation of matches on our betting slip.
But, is that really true? I don't think so, because the house will always win, whatever your winnings they will definitely pay out and they're not afraid of losing money, especially the mainstream casinos.
2. Positive POV Towards Casino
Have you ever gambled on traditional platforms? At the beginning of my gambling journey, I did it on a traditional platform, and there I didn't find a cashout option for our running bet slip. So, I think casinos today see that as an opportunity to add to their edge and be a differentiator that makes people go to their casinos that are full of advantages.
I look at this cashout option from a positive side, because I still stand for "the house always wins", they will never be afraid of losing or even they will not be able to lose.
Feature of cash out is useful to both a Casino and a gambler it's like a win-win for both parties because the former would part away with some cash out of the total sum a gambler is suppose to win the latter would prefer to cash out from a bet that is potentially lose, personally I do cash out in an accumulated soccer bet after winning some bets and discovered uncertainty in the remaining games thus to be on safer side I cashed out while I earned.some little profit its better than losing the whole lot, while the Casino is helping the gambler to reduce a risk of losing out, though at times it's painful to see a cash out bet latter becoming a winning bet unfortunately nothing can be done to salvage the situation
Cash outs are great, it protects the player and sportsbook from potential losses.
I’ve mostly used cash outs when I have an accumulator, usually both teams to score, four games. Sometimes I need one goal to win and I’m not sure if it will happen so cash out seems a good option.
The bookie then pays out less than if you won the full amount with the extra goal.
I’ve mostly used cash outs when I have an accumulator, usually both teams to score, four games. Sometimes I need one goal to win and I’m not sure if it will happen so cash out seems a good option.
The bookie then pays out less than if you won the full amount with the extra goal.
Bookies win money with that option, they let users cashout less than the full amount they would have to pay if the bet win, and that way they save some money by paying a percent of the bet and not the full amount.
This. They won't be paying the max money that bettor is about to win and that's why options like this is also made by them to save money, and more money if the volume of wins from many bettors are there.
As they know that not all bettors have the balls to keep on pushing and let all of the money slide to their wins until it's finished. This is an advantage on them that they'd only pay a portion of it and a huge less from the amount that the bettor should win.
On the other side, if the bettor don't want to continue with the bets anymore, that's actually a good option if they just wanna go home with the money.
Yeah this is what i know too, as bookmakers generally use the cashout to manage their risk and ensure profitability. So they just allows the users to receive less than the total amount that they can pay out, at the same time they are limiting their risk of large payouts in case the bet does go through. Many known gamblers knew this feature may come in very handy for casinos, since it helps save a lot of money and keeps a person from paying expensive fees. Emotional gamblers are particularly vulnerable in this regard. The money can be made off easily due to their emotions and that too helps the casino. However, a checkout method may prove to be clever as well. Take the case in which you have bet on underdogs and they do well. Now, you can lock in the profit once you make money quickly. I personally think that this can be a good option, but it consumes certain time and involves some luck, thus being somewhat of a double-edged sword in gambling.
Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
Do you know that so far the numbers of people who are losing money in gambling is actually pretty much higher than winning and sincerely if this option isn't provided there could be declined
Analysis has proven before in statistical method that total number of losers in gambling is higher than the one who benefited in gambling, so any gambling websites most put a clause that they will benefit on it, so that's why I do tell people to make research of any site before they go into it.
Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful? Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss? The casino offers cash out when they are not even sure that the ticket will play out successfully, why?
I think they do this because they do not want to pay you your full amount that you were supposed to win. What I noticed is that the cashout amount is also not that big. If you were supposed to win $100 when all the games play, they are going to offer you $30 and you will decide to take that because you think half bread is better than none then it favours the casino as they have saved more than 70% of the money that they were supposed to pay you. Some people reject the cashout option and then go on to lose. The next game they play, this make them to take the option and as more people take the option, it saved the casinos from too much expenses. I would take out the cashout option if I was in this situation because when gambling, things can go wrong with the last few games and it will make you lose everything if you did not accept the cashout option.
there are many reason behind that.
- first of all, they reduce the risk of loss (or at least they mitigate the amount to pay). It's much better for them if you get a lower odd.
- this allow people to play more! more you play.. The more you loss
- nowadays thanks to exchange markets actually anyone could cashout any amount even trivial... sportsbook must have on their options menu...
- first of all, they reduce the risk of loss (or at least they mitigate the amount to pay). It's much better for them if you get a lower odd.
- this allow people to play more! more you play.. The more you loss
- nowadays thanks to exchange markets actually anyone could cashout any amount even trivial... sportsbook must have on their options menu...
Whether there is cash out or not, the fact remains that it is gambling. Cash out now plays with emotions in one way or the other. I don't like that feature, it makes you to blame yourself for either your loses or your win. It is more burden to the gambler. Take for instance;
You have 10 matches in accumulator and 8 already played and you are given cash out.
You have 10 matches in accumulator and 8 already played and you are given cash out.
- If you don't cash out, you blame yourself for losses which would have been also.
- If you cash out and the game later plays, you will blame yourself for not being patient and get 100% win.
Nah they aremt gambling against the gamblers. They rather payout a small amount because knowingly the gambler who wins is likely just to reset that amount on the same platform. So they cut theor loses under the guise of offering "free" money to the gamblers. I'm not saying it's a bad for someone to cash out but that feature isn't to entice gamblers to stay on that site.
This is right. But what you meant is that the gambling site only use it to entice the gamblers. You made a typo error and typed isn't which makes it the opposite of what you meant. Cashout can be used by those that are addicted to gambling or those that are betting with high amounts of money. If you bet with low amount, you will not be panicked not to talk of cashout. 
Or are they doing it to help the gambler take some profit so that even if the game bust, the gambler wouldn't be in total loss?
I think all kasinos are like that and have their own goals, but if the goal is to help players get profit I doubt it.we know that all casinos will definitely offer promotional features and bonuses, occasionally I see advertisements circulating that they will guarantee their players to be able to win with a certain capital with certain requirements, but I think that's just a strategy that is indeed intended to achieve profit for them (the host) not for the players.
but I think the casino offers cash to limit their losses if they can't stop playing, the choice given by the casino to the player is to cash out or continue is a choice that I think most people or gamblers prefer to continue, but it's not the casino's fault because it's each individual's choice.
The cash out option that's provided by gambling platforms are sometimes beneficial to the to gamblers are the other times, plays to the advantage of the platforms.
Of course it is going to be to the advantage of the gamblers sometimes, but since it is all the gamblers vs the bookie, on average and in a longer stretch of time, the house would always win.My advise to anyone that's tryna use it is make sure you'll not regret it cashing out even if the remaining games ended in the favour if your predictions.
Cashing out is very dicey, even if your remaining games look likely to be successful, it could still fail. I just follow my guts and when i do and it goes wrong, i never regret the outcome. Jump to: