Is it profitable to hedge/cashout bets before end of sport event?

[Gozie51]

In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

Cash out is the new introduction to allow bettors a choice for smaller percentage of their potential winning against their suppose potential winning. That is the risk of it all. Cash out is part of the gambling itself  because you gamble in between your potential winning to little amount or lose everything entire when your bet loses. This system IMO has given bettors the opportunity to go home with something if they are not greedy. I prefer the cash out and I have benefited from it.
The benefit is that, you are happier if you cash out while at the end you lose the slip if you have waited. Although, you gain the total potential if you win the slip and like I said it is a gambling between staying to the end and running away with something lower but if you are not sure of winning, is it not better to cashout?

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[Coin_trader]

There’s an advantage on cashout if you accidentally bet on a team in prematch then realized that the team is not performing well or they have incomplete roster on the actual game. I used it many times on my prematch bet on NBA. I sometimes bet on prematch to a team without checking the injury status of there star player and I was surprised on the actual game that they have incomplete roster, I used cashout when the team that I bet have a score lead during early game and take some profit/play safe. The game ended that my bet was supposed to be lose if I didn’t cashout.

Cashout perfectly works as take profit and stop loss on matches that you are not comfortable.

[Fredomago]

There’s an advantage on cashout if you accidentally bet on a team in prematch then realized that the team is not performing well or they have incomplete roster on the actual game. I used it many times on my prematch bet on NBA. I sometimes bet on prematch to a team without checking the injury status of there star player and I was surprised on the actual game that they have incomplete roster, I used cashout when the team that I bet have a score lead during early game and take some profit/play safe. The game ended that my bet was supposed to be lose if I didn’t cashout.

Cashout perfectly works as take profit and stop loss on matches that you are not comfortable.

It's a good strategy if the team is performing in the early period of the game, there are gamblers who do this while seeing that the pick that they bet with is on the favoring side, instead of waiting for the final outcome they choose to cash out during the live game and pocket decent amount of profits.

Like you, I also do this when I realized that the chance of my bet is slim. With or without any profits, I rather cash it out with some losses than completely lose my money.

[KTChampions]

What you are describing is called “sure betting”.

It is an offense on almost every casino. If you are not making any money by doing this, then it don’t make any sense because not playing would give you the same results.

Sure betting, arbitrage betting, chasing +ev games are usually not liked by the casinos and if they find out that you are making only these kind of bets, then they will probably ban your account

It always surprised me. If the casino offers (public offer) to bet on some coefficient, how can this be unprofitable for the casino? The better provides liquidity, on the other side of the bet there will always be an audience that will make the opposite bet and the bookmaker will always make money on someone. In the end, the bookmaker regulates this process by changing the odds. It is not clear to me what is the point of banning a better who provides liquidity (even if he is in the black on average, although I do not consider sure betting profitable).

[_act_]

It's a good strategy if the team is performing in the early period of the game, there are gamblers who do this while seeing that the pick that they bet with is on the favoring side, instead of waiting for the final outcome they choose to cash out during the live game and pocket decent amount of profits.

I do not believe this, assuming you have $50 you used to bet and want to win $100, if the team you took is winning 5 goals to nothing already at half time, do you know that out of the $100 that you want to win, just $80!or less that you can be able to cash out at 60 minutes to the end of the match, even as the match is ending with that massive goal difference, the amount you can cashout will be increasing but can not still up to $100 until the match has finished. If someone is winning already, he will not even have the mind to cashout.

[wiss19]

It's good to cashout your bet sometimes while other times you will regret the decision to cashout. It's a double-edged sword where you may cashout the bet and feel like a hero because you avoided a certain loss but on some days you will cashout a bet and regret why you did that after you see the slip winnng.

I bet on sports myself and yes bet cashout is a cool feature to have because when your team/player is not doing well, you can cashout the bet with some loss but don't lose it all. Also when the game is almost over like your player is 1 set and 5-1 down in tennis, you get peanuts as cashout but it's still better than zero.

It depends on the situation and it's even hard to cashout some bets live because the odds are changing all the time. Most of the time I end up cashing my bets placed on tennis when my player gets their serve broken.

[Zackgeno96]

The cashout function is normally with a loss of about 5%? Those odds will have to go up if you want to make a profit. This would usually only be possible if major differences have arisen due to, for example, a reserve team showing up. Normally you cannot make a profit with the cashout function. You can ask for the cashout but then you will have to accept a loss of about 5% or maybe a little more.

[passwordnow]

Will just stick to my bets and wait until it ends. Whether I win or not, that's okay since I'm firm with my picks and bets, and no need to use such features.
Because before I do a bet, I'll take my tea and do some research so no changes at all when I place my bets.

[nakamura12]

If you haven't bet after deposit and won on your first bet with a decent amount then yes it is profitable but if you still did it after a bet you made that lose then it is a good idea to prevent losing more money. For gamblers who didn't gamble decent amount of money then it is not a good choice and would only received less but still prevent from losing more and yet it will be much smaller from the last balance due to fee.

[Wiwo]

Our opinion maybe different, but I have seen cashout to have more disadvantage than having advantage for someone to make a profit.

No oops we are on the same page on this, indeed cash out is a disadvantage to the bettor but then we should classify cash out under risk management. Because cash out feature is used to minimize the risk of a total loss of stake amount, I guess if there is a score during the much unless it's the team you give the winning to that score the goal only then will you see a cash-out amount but if it the opponent that scores the goal even within the first minutes of the game, the cash-out amount will be zero. By then the sports bookie already knows there is the possibility of you losing the bet

[harizen]

I bet on sports myself and yes bet cashout is a cool feature to have because when your team/player is not doing well, you can cashout the bet with some loss but don't lose it all. Also when the game is almost over like your player is 1 set and 5-1 down in tennis, you get peanuts as cashout but it's still better than zero.

I don't know how the algorithm and system work but if the team you have bet is not doing well, I doubt the cashout feature will be available.

It's an advantage to the bookies that's why there's no way they will offer that at some point in the duration of the entire game.

The cashout will just be available if your team is instead doing well and they will offer you something to make you think twice if you will finish the game or not. It's because if you are close to winning or your probability to win has a decent chance, bookies will now offer you to take back your bet instead to somehow avoid paying you in your supposed potential win. It's like some game show where if you are close to winning, they will offer you to take home some amount of money and no need to finish the game.

[Joca97]

Cashout is profitable sometimes. Most of the people when making a parlay and have 1 match left to win their bet and they want at least half of the money they use a cashout so that they dont lose their winnings. Also sometimes odds can drop really low before match and if you betted on a bigger odd you can counter it and get instant money before match even.

[ralle14]

In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

That's the price we have to pay when securing our profits but there are gamblers that would rather guarantee those winnings instead of potentially letting them go to waste. It's not the best strategy but I still use cashout a few times since i've experienced so many bets and parlays that were close to winning then ended up losing but couldn't do so as cashout wasn't available or I don't have enough bankroll to hedge. I also don't recommend the strategy as i've been burned before but the option of cashing out for once is not bad to have as you'll experience a point where you'll take the winnings instead of stressing yourself out in the final moments of a match.

[Oshosondy]

Will just stick to my bets and wait until it ends. Whether I win or not, that's okay since I'm firm with my picks and bets, and no need to use such features.
Because before I do a bet, I'll take my tea and do some research so no changes at all when I place my bets.

I as well, I also believe people that will believe in cash out are people that have not used it before, people that have used it before know that the disadvantages in cashout are far more than the advantages.

Also anyone that make use of the amount of money he is able to afford to lose will not even think of cashout. There are even some situations someone will cashout unfavorably and yet the match will end up to be what he chose or be in favour of the team he staked for, but has he cashed out already and not able to win the total amount he supposed to win.

[hahay]

If the results may already be obvious to lose, then fixing or cashing in would be better. That is, if the result makes us lose 100% then it would be better if we take some that are available when it is still possible. But if the result is going to be a win, then it's very unlikely to cash in immediately, doing so would not be appropriate. But for me personally, to be honest, I've never done anything about this feature, because for me what I chose at the start was to let it work, then if when the match was in progress the odds changed or something else then I would re-bet and leave the first one.

[Fortify]

I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

It's impossible to give a definitive answer on such a vague question. It depends on the strategy and the amount of gains that the end user is seeking. If someone is looking for at least a 10% return on their bet and they're able to achieve this, then it might make sense to lock in such a gain if the bookmaker allows this (aka a cashout). It's also important to be able to judge whether the bookmaker has potentially made an error in judgement with regards to their automatically calculated statistics - you might judge that a game you're betting on looks incredibly risky or tenuous, so it can be wise to cash out before the opportunity vanishes. It can be a profitable strategy but you need to figure out a way to be consistent for it to work effectively.

[Smartvirus]

While some might find this profitable and some way to cut lose, I think I'll rather see the game to the end than cash in on a rolling bet. Like seriously, having cahoot options is directly an indication by the house that you've got some really good chance of winning the whole thing. It views your prediction as promising and so, why waste it on a piece of the pie while you could get the whole pie just because you want to cut lose.

When I place bets on a sportsbook, it doesn't matter how the game is going, nothing is ever certain until the final whistleis blown hence, I give my team the chance they need to either make me win or lose the game. I try to believe in my prediction and give it a go for some success and which evr way it turns, I get to accept the outcome. If I lose, then I'll get a better chance with other games in the far future.

It might be difficult to actually come by this decision but, its always easy if you gamble with your free cash or money you could afford to loose.

[Cookdata]

I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

This is more like Virtual betting and most often than not, you will always lose. Always stick to your plans and if they work you should thank your stars that your strategy worked out and if it didn't work, improved on them.

It is not as if the odds are stable, they fluctuate as the event is going on, lets's say the opposite odds you stake is 3.3 and all of a sudden it changes to 5.5 because they are losing and the remaining time is 7 minutes and the team need 3 goals to equalize, it is still possible to reverse that kind of odds in some situations, I have seen Real Madrid kill Manchester city on the last Champions League and everything turn around. My 0.3$ advice is to stick to your single bet till the end of the match except when you have different matches lineup and you want to cash out the ones you have won.

[Japinat]

You still didn't know the outcome, and you don't have the opportunity to cash out with a profit all the time.

It's either you minimize your losses or you take a win with a small profit, thing is, sometimes you miss the opportunity to win big because of that cash out thing, so based on my experience, I'm not using it anymore and I'll just trust my bet and hope it will win.

[TheGreatPython]

I was in a position before if I should cash out or not. The safe side was to take the profits but I didn't and got greedy.
This cashout feature is best to take advantage of long-term bets.

This is why being greedy is not always good because the more you want to earn more, the more your profits will get lower or worse is you will lose it all and end up with nothing but maybe to some they will just choose to lose than to earn small then regret if the outcome is a win.

I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.

If you are really confident that your pickings are right then why not wait till the event ends only to experience a full win but if you have a huge doubt and you think it will be risky to continue then you better cash out as long as you still have a chance or else you will heavily regret it once you lose. It's okay to minimize our profit but as long as the risk are also minimized. What is not good is if the risk is huge but the potential profit is small.