Why do bookies allow cashouts? - page 8.

stompix

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Quote from: Dr.Bitcoin_Strange on August 15, 2024, 04:05:46 PM

Why does the casino do that? Is it that they are scared of paying off that potential win if the game is finally successful?

It's math, they are offering you a percentage of the winning, they are not risking paying way more than that, and at the same time, they don't have to deal with customer hedging their bets. It might sound like the bookies are giving you more chances but in the end, it's a thing of probabilities so in the long run with thousands and thousands of games they will still win the same amount.

Quote from: Dr.Bitcoin_Strange on August 15, 2024, 04:05:46 PM

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?

Lol, no! At most, they offer a new feature to tempt you into taking huge odds combinations in the hope of picking the winning ones first and the losing ones at the end of the ticket.

SmartGold01

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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, I mean the interest of people to gamble could have reduced gradually why because whenever they had a running game this option could actually be a booster to them to be able to have at least some favorable amount from the cashing out option which could also trigger you to gamble the next day if such option could be out to reduce the rate at which lost is becoming common.

Rruchi man

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Quote from: Dr.Bitcoin_Strange on August 15, 2024, 04:05:46 PM

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?

Sports betting platforms will do the cashout offer for different reasons, but one that I could think of right now is to show some kind of commitment to the gambler that they are interested in them winning as well, not because they are scared to pay the gambler in full. I don't think the winnings of one gambler can possibly wreck a betting platform.

Betting platforms may also be doing it as a way to play on the emotions of some gamblers who are either impatient to wait for their whole bet to play out or even too greedy to want to win everything on a bet. You know that it is a thin line that separates the two.

Orpichukwu

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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.

uneng

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Not sure if casinos are scared of paying off winners, because theoretically the casino always win on long run. I think it's an extra feature the casino makes available for gamblers, so players can feel they have more control over their bets. To win a sequence of matches is hard enough, so it's fair that the casino allows gamblers to quit after winning a considerable portion of the total bet. For me it works like a mental game, where the gambler has to choose between going till the final consequences or being more conservative on his approach, getting satisfied with a minor prize and avoiding further risks.

The possibility of cashing out adds an extra psychological factor to the betting activity which the gambler has to deal with.

Charles-Tim

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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.

The cashout is only existing in a way to make bettors to lose. On some gambling sites, before the match starts, you will be able to cashout. But not all your money that you will be able to cashout. If the club you bet on is winning, the cashout will be available in a way that you can not take all the winning. Cashout is rubbish and for the advantage of the bookies.

Ruttoshi

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I think that the casinos are offering cash out to limit their own losses should incase the game did not cut, for them to be at the safe side. This will enable the gambler to have a choice on either cashing out the amount offered or continue with his bet.

I would not say that casino has the interest of the gambler in mind because they don't care and would prefer that the gambler losses his bet. Otherwise, I would have said that they are giving you the cash out offer let it not be that your games that outcome came out as predicted was in vain.

Dr.Bitcoin_Strange

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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?

Topic: Why do bookies allow cashouts? - page 8. (Read 1122 times)