Have you ever lost a bet in this way?

[Russlenat]

Cashout is a useful feature only if you know when to use it and when not to use it, cashing out bets which you eventually win and not cashing out the ones you lose is a dreadful scenario and it happens with many gamblers. There is a small fees/edge when cashing bets, so don't cash it if the bet is about to be won.

About to be won can still lose especially if the game is close, and also, no gambler would cash out at a lower value of the actual potential win if the bet is likely to win, like 90% chances. The cash out feature is indeed useful because it's a way to secure a win and to minimize the loses but I stop using it as it's more fun to stay at the normal way of gambling which is a win or lose situation only.

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[hulla]

I used to gamble in a different way till we got introduced with a feature called "Cashout" which wasn't there for few years on crypto gambling sites.

The cashout feature was also integrated on Betnomi and it actually a great feature if manage properly but it could also be a disaster though.

Now, whenever you make bets, not some average or tipped ones but high confidence bets, you see that you've already won and the odds that you placed your bet on (which could be higher than, let's say 1.50x) and it has dropped to 1.01x, will you use your "Cashout" feature and leave / lose a few % of profit just because you fear that the game can still change? Or you'll just go with the flow and let the game run, and you'll wait till the end to get complete profit?

Some bookmakers manipulate the odds sometimes, that's why I don't rely on the odds when making my betting decision and it better to trust one's instinct than cashout the game in the middle of the road. Besides, gambling is a game of chance logically it can't be profitable always.

[KTChampions]

I am not fond of online betting, but if I made them, I would wait for the completion of the event without the early closing of the bet. Bookmakers offer too unprofitable odds, it is better to take a risk and win the entire bet. And you need to understand that you cannot win all the bets and you cannot "understand" which one will lose and close it ahead of schedule.

The thing sometimes matches don't go always as planned which is the reason why the "Cashout" option is the best and last option there is. There some matches where a guaranteed win doesn't look like it at the last minute as the opponent's team have scored or even win.

I also have experience it myself where I thought the game was gonna end in favor of what team I've bet on and later found out that they've lose which made me lose all my money instead of having it back or at least have some left by using the Cashout option.

Until the match is over, you do not know how it would be better to proceed - take the money right away or wait for it to end, right? And those matches that ended as they should, but at the same time you withdrew money before the end, are also losses in terms of profit, right? So what's the point of this if you don't know what to do at any given moment? Your know best choise only when event is in hisory already )

[Silberman]

Wouldn't cashout option defeat the purpose of betting in the first place, I don't gamble with bet but I believe that what you are saying is defeating the purpose of betting which is leaving it all to the team that you bet on to make you some profit, gambling needs guts and resolve and cashout option is a cowardly act.

I see it as some kind of insurance and while some people would like to do something like that you are lowering your profits willingly for an scenario that does not come that often, as I said before this to me seems like a bad deal, if we make the calculations we will see that you are better off not taking this option, however it can be a life saver for those that made a huge bet and they do not want to risk it, but in that case you should make smaller bets instead of wanting for the casino where you play to offer an option like this.