Topic: Why do bookies allow cashouts? - page 6. (Read 1116 times)
I just see cashout option In The gambling site as a strategy or method that attracts more people to gambling or a way of promoting their site. Because not every gambling site that offers such option. People thinks that the cashout option is a way of escaping or minimising loses, and they prefer using such site for gambling hoping to cashout after some games has played, out of the Total number predicted. and funny enough not when you decide to cashout that it option will appear. The option usually come when you don't expect and when something doesn't work when you need it the most, then it can not be classified as a helpful option. So Invariably cashout is good at times but not Totally helpful but a betting promotion strategy.
That is because casino gives a chance for gamblers to cashout their bet before the match ends. But unfortunately, many gamblers have their greed and still want to wait until the match end but many of them fail to win the money.
The cashout offers will show to the gamblers and that will depends on gamblers to get the money or still wait. But that is the problem for many gamblers because they delay their temporary winning because they want to make a lot of money from their bet.
Gamblers needs to see the situation and if they thinks that they can not win from the match, it is better they cashout their bet rather than wait for the match end. They can get their winning although not too big and avoids the lose and they will still have a chance to wins in the next match.
The cashout offers will show to the gamblers and that will depends on gamblers to get the money or still wait. But that is the problem for many gamblers because they delay their temporary winning because they want to make a lot of money from their bet.
Gamblers needs to see the situation and if they thinks that they can not win from the match, it is better they cashout their bet rather than wait for the match end. They can get their winning although not too big and avoids the lose and they will still have a chance to wins in the next match.
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?
When it comes to the issue of "Cash-out" on sport betting platforms, I can boldly day that it's importance is vice versa, in the sense that Cash -out as a feature is what helps gamblers get a shared percentage of the proposed winning amount of they see that the game is not going the way they predicted and they see that they are likely to lose the entire money, and instead of losing it all, they go about cashing out, and likewise, so do the casino when they see that a game is likely to play, they always give a reasonable cash out, so as to lure the gambler to want to cash out due to the fear of the unknown. 
The reason could be both sides: they are trying to play fair by offering the gambler some compensation for trying so hard to predict games that have been played based on how they predicted them, and they are also trying to reduce the amount that they will possibly pay the gambler if the game ends up playing just as it was predicted.
On the other hand, the gambling platform is taking a risk and at the same time reducing how much they could pay out. Paying off through the cashout is also both ways. There is a high chance that some of those games might end up cutting up that bet slip, and if that happens, everything is lost, and if the casino pays for such a game, that could also be considered wasted funds.
On the other hand, the gambling platform is taking a risk and at the same time reducing how much they could pay out. Paying off through the cashout is also both ways. There is a high chance that some of those games might end up cutting up that bet slip, and if that happens, everything is lost, and if the casino pays for such a game, that could also be considered wasted funds.
I think so too,they are offering cash out to inorder for them to be on the safer end of not loosing and in the other end they are trying to play with the gamblers mind and fooling them with cash out so as for them not to see their loss coming in.is a very active strategic plan that would work perfectly for them to gain more from the gamblers bets.
Because from my instincts I presume if definitely the bettor wins such amounts following the predictions, they'll lose cause mostly casinos and betting sites are not comfortable loosing such huge amounts to a gambler and that's why at the first place they tend to give a fair price just in case your predictions were right so you won't be left with a choice to have it.
I believe that these cash out features are present to remove the money from the bet if we see that the team on which we placed the bet is losing. This was the actual purpose of cashing out from the point of view of a gambler. Now if we see from a casino’s end, then they do this in order to save them from the maximum loss that can happen if by chance the gambler wins the game. So yes, both parties take chances, and only one of them succeeds in making fewer losses.
About this context we think logically, after all the casino is built for business and of course generates huge profits, they will try to gain as much profit as possible and minimize expenses or losses.
By providing cashout to gamblers can minimize the amount of loss when gamblers win their bets, this has been arranged with system and how the calculation works cannot be calculated with certainty by us as gamblers.
But on the other hand, this actually also provides an opportunity for gamblers to be able to minimize failure, we can take money with certain profits without having to wait for all bets to be completed with win.
For example, when making multi bet in 10 matches, if for 8 or 9 matches we win then in the rest we can fail and lose everything, but by doing cashout we can gain profit faster without fear of failure.
By providing cashout to gamblers can minimize the amount of loss when gamblers win their bets, this has been arranged with system and how the calculation works cannot be calculated with certainty by us as gamblers.
But on the other hand, this actually also provides an opportunity for gamblers to be able to minimize failure, we can take money with certain profits without having to wait for all bets to be completed with win.
For example, when making multi bet in 10 matches, if for 8 or 9 matches we win then in the rest we can fail and lose everything, but by doing cashout we can gain profit faster without fear of failure.
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.
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.
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.
You have answered your question in your post:
This is minimizing the loss on the bookie's side. If they were able to see that you are able to hit 80%-90% of your picks in the bet builder, why would they want to risk paying you 100% when they can pay you right now? Imagine the last legs of that bet builder further multiplying your wins, I would rather offer to pay you for your winnings now than to let my losses further increase.
Bookies and other such platforms are not generous or anything like that when they offer to pay your winnings now. They would take all of your money in a heartbeat if they could.
Is it that they are scared of paying off that potential win if the game is finally successful?
This is minimizing the loss on the bookie's side. If they were able to see that you are able to hit 80%-90% of your picks in the bet builder, why would they want to risk paying you 100% when they can pay you right now? Imagine the last legs of that bet builder further multiplying your wins, I would rather offer to pay you for your winnings now than to let my losses further increase.
Bookies and other such platforms are not generous or anything like that when they offer to pay your winnings now. They would take all of your money in a heartbeat if they could.
Sportsbooks aren't afraid of taking hits or losses temporarily because they can quickly recover those back the next day. Overall, it's one more way for them to get more profit, they always take a good chunk of juice from those cashed out bets, and that's why cashouts tend to be slightly lower than your original stake even though the live odds are the same as your bet. It could help us dodge a bullet after one or two bad matches, but it'll always remain in favor of the bookies because you'll lose more than you should if you keep using it regularly. You could be missing out on a 10%-30% worth of winnings per bet if you don't ride your bets until the end and those reduced winnings easily add up.
Cashout or not cashout, the gambling site is still winning while most bettors are losing. I only guess the feature is available on the betting sites just to fool bettors. Cashout do not have any advantage for me at all.
(....)
I agree with this, some people don't know that when you cash out during the live game, the bookies or casino platforms are still making money off the spread, just like the odds.(....)
Maybe for the gambler, some cashing out if they already profit or some cashing out so the loses is not too much but behind that, casino or bookies are making money already because of the spread.
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?
It's like in a game show, casinos are offering you to maybe change your mind and take that cash out. So it's like playing mind games with you, are you going to stick with your remaining bets and keep it up, or will make the early withdrawal and regret your decision later?
And if you take it early, then your profits is going to be too small. So it's a win-win situation for them, and so it's really like a trick on you. But sometimes there are gamblers that are attracted to it and thinking that they might lose the next 2-3 games in let say multi-account betting.
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 highly doubt it's for the purpose of helping the gambler take some profits. Come on, this is a business and not a charity. They are avoiding a larger payout, that's why it is there.
Check the multiplier and it's way lower of a payment than how much it could bring when you finish the parlay. They know there are scared cat gamblers and they are trying to take advantage of them.
If one gambler doesn't have the courage to continue his long ticket then that's the option for him, the cash out button. I've known some gamblers who take advantage of this feature but they also know that the risk is just the same as making a parlay. If you are not that greedy then that is a good choice.
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?
The cashout option is not only activated when a gambler plays accumulation of up to 20 games but available even in singles. Now that we are clear on that, let me try to give my reason why cashout was introduced by many casinos. Well, the cashout option is itself gambling because it is a 50/50 game meaning you are offered a chance to sell your ticket or leave it running. The amount you will sell the ticket depends on the probability of the ticket coming out successful, the higher the probability, the higher the amount offered as cashout and vice versa. 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?
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 am not an avid sports bettor so what I might could be wrong but I assume they have this feature to attract gamblers since it allows them some control over risks on their bets, what I mean about this is they can cash out if they change their mind and that think the future matches are too risky. regarding the "are they scared of paying off a potential win if the game is successful" maybe there is some truth to it, I mean when a gambler decides to cash out and the remaining matches turn out to be all wins, the sportsbooks dodged paying a larger win since the gambler decided to cash out.
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.
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 am not an avid sports bettor so what I might could be wrong but I assume they have this feature to attract gamblers since it allows them some control over risks on their bets, what I mean about this is they can cash out if they change their mind and that think the future matches are too risky. regarding the "are they scared of paying off a potential win if the game is successful" maybe there is some truth to it, I mean when a gambler decides to cash out and the remaining matches turn out to be all wins, the sportsbooks dodged paying a larger win since the gambler decided to cash out.
They are allowing that because that's how their system works if you choose that kind of betting. They can even allow you to withdraw your bets as long as the match hasn't started but you'll not get the original amount that you have bet for.
That means that whether you choose to do that or not, they're always winning. Got that commission from losers and then transfers the portion of it to the winners.
Well, if that's the kind of market that you want to get into as you bet with the bookies, I think it's a brilliant feature that they're asking you to move on or stop. If the amount is considerably good for me, I'd stop and take the cash without any doubt.
That means that whether you choose to do that or not, they're always winning. Got that commission from losers and then transfers the portion of it to the winners.
Well, if that's the kind of market that you want to get into as you bet with the bookies, I think it's a brilliant feature that they're asking you to move on or stop. If the amount is considerably good for me, I'd stop and take the cash without any doubt.
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?
Aren't they still liable to pay you the whole winning amount when you do win? As far as I know that's how it goes (and I'm not really that big on betting and whatnot) and that something you get is pretty much just a deposit they make? Although right now I think it does make sense to put out cashouts like that, saves them the money, allows these patrons to still play with them and play even more for that matter, which makes them spend more money, and it creates business through word of mouth cause now these people who do were able to get these preemptive cashouts will tell their folks and everyone who would dare to listen about the bookies that allow them to make such moves. 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 is why they allow that. They aren't scared per se, it's just better from an economic standpoint and it's not like everyone's going to do that.
The closer you are to winning, the higher the cash out will be. So they'd offer you a percentage of your potential winnings because if you get to cash out only to find out later that you won the game, then they have paid you less. Yes i know you can cash out and also lose the game at the end, and in that case it is your win, but remember that a casino has so many players and since the cash out is also determined on the odds of the game that's yet to play, then in the long run it is to their favor.
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. Personally, I use it when I'm not sure of the last game and over 75% of the time I've used, it's always ended in my favor. Some people activate the cash out options out of fear to lose while others activate it when the possibility of winning the last games on the slip is lower than losing it. 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. 
~Snipped
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 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?
Cashout is a feature that mostly favors bookies because it offers them the opportunity to pay less than the intended amount if the game ends in the favor of the punter. It is worth noting that the bookies will never present a cashout offer if the bet is strongly going against the punter. It is only shown when you still have a decent chance to win the bet despite some shortcomings.
More often that not, Bookies benefit more from a cashed out offer — if the game plays, they pay out a teeny amount. If it doesn't, they only lost a tiny amount + got the player's stake as compensation / bonus.
That's not to say punters don't benefit fromnit because they do. I have used the feature multiple times m the only downside is that it is never in play when your bet is going bad.
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