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

[Boristhecat]

I think it is tremendously convenient. I consider it a kind of "insurance".

because:
-it allows you to ALWAYS get a win regardless of the final result.
-it allows you to immediately invest in another bet that could guarantee a greater profit.
-it allows you to get protected from "black swans" and unpredictable results.

I personally always accept a cash out in most cases and I always try to bet on bookmakers that offer this gambling option.

- but after all, events do not always develop in your favor, so you can’t talk about “always” winning
- is it reasonable to do this as you have already invested in the event and it is going according to your plan (since you can cash out)?
- but this comes at the cost of diminishing the payoff if you were to risk continuing, +- no difference.

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

But why do casinos introduce such an option if they are struggling with it? In my opinion, this option works for the benefit of the casino, which is why the casino actively offers it to players.

Well, if the team you bet on.... is starting to lose.. then it is profitable if you "cashout" before the game ends, because you would have lost everything if they have lost. It is very difficult to "switch" bets in Live games, because the odds change so quickly... and if you have a slow internet.. and the site lag, then it is almost impossible. 

I like to cashout early on "Multi bets".... when I won a few of the first matches and I receive more than I bet, but you have to sit there and time it 100%... 

But what's the point in initially making long multibets if you are satisfied with a shorter multibet? Maybe you should initially make them in the size that suits you completely? After all, cash out eats up a significant percentage of the profit, that is, for example, you had a bet 10 events long. You won 6 and decided to cash out - you will receive a win worth about 5 events (one event will be eaten by the cash out).

[milewilda]

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.

There are some who do really love to hedge and doesnt really care if they would miss out bigger profits or earnings from that particular bet as long they are on greens then that what matter the most.
In my case and most people on here on which we do really wait up for the entire game to be finished but we know that not all bookies do give out that kind of early hedge or cashout but there are some
which do really allows. Nothing more satisfying whether its a win or lose when you do actually watch the full game rather than getting those profits early but well its up on someones choice
whether they do it or not.

[chaser15]

It is an offense on almost every casino.

It's the opposite. Bookies might always be glad if most of their bettors are doing cashouts.

Cashout is like a counter strategy for bookies. They are adding more gambling options to the bettors and that's the start of being under their spell.

I don't see any advantage that cashout can give but only minimizing your losses. If aiming for profit, why become contented on the cashout amount in the first place, we bet expecting to get the return/profit based on our chosen odds.

We should trust our every bet until the very end.

[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.

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.

Yes. For those bets that we've made, there's no cash out if you think and believe that you did bet the right one. Anyway, at the end of the day, we all have our own strategies that will make us feel better and have a good outcome depending on how it will go.
So, if it works for them, then they'll just repeatedly do it but if not, they'll stop doing it and will just start to stick with their bets until the match is over without doing anything like cashout.

[KennyR]

Majority prefer using the cashout option than placing bets over the opponent where the odds can be seen rising. In quite few matches I've done this not because the odds rose, just because the winning probability kept going down. Other than this I prefer placing bets above 2 and when opportunity arises the same amount is placed on the opponent on odds above 2. This will help me profit little and I never experience loss unlike the match result.

[harizen]

Yes. For those bets that we've made, there's no cash out if you think and believe that you did bet the right one.

The cashout feature will just be an option for me and I won't even bother to TAP or HIT it regardless of the game situation. It's good to win the amount that you expect in return. In the first place, we choose those odds out of our fearless forecast on upcoming sports.

Always hang on to our bets, trust those and patiently wait for the results.

If we won, then good. If we lose it, then move on and prepared for another round.

[TopT3ns]

Majority prefer using the cashout option than placing bets over the opponent where the odds can be seen rising. In quite few matches I've done this not because the odds rose, just because the winning probability kept going down. Other than this I prefer placing bets above 2 and when opportunity arises the same amount is placed on the opponent on odds above 2. This will help me profit little and I never experience loss unlike the match result.

at least you can make a profit instead of having to suffer a loss because until now the opportunities at gambling sites have been reduced so that the profit you get is slightly reduced but at least the guess you choose is correct because if you choose higher ods you may not necessarily get a win.

[ralle14]

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.

That happened to me as well, when teams are neck and neck sometimes you'll experience that gut feeling to cash out then they ended up winning at the very end missing out some extra profit. There's also times that it goes the other way around and cashout would be the better option.

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).

The cashout feature on crypto bookies can be annoying at times though, for example you bet on a team pre live with odds of 1.80 then later on you'll see the live odds of your team slowly go down to 1.70 or 1.65 but the cashout amount they'd give would still be at a slight loss instead of a slight profit.

[Mauser]

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.

So far I have never closed out / hedged a bet to save some money. I understand the strategy behind it, but I don't like it. Usually I only place bets when I am really convinced that one team is going to win and I want to stick with my bet to get the most out of the winnings. During some matches I realise that my prediction was wrong and I will likely lose money, it could be a could strategy to try and close out those bets to try and minimise the money I lose. But in sport games everything can happen, even a losing team can get lucky and score a goal in  the last 30 seconds of a match.  I read in some articles that bookmakers try to convince gambler to close out their very high risk / high reward bets. They are happy about all the unrealistic bets as long as they are losing and it's free money, but once there is a chance for such bets to succeed they become afraid to lose a lot of money. That is why I would not hedge my bets if the bookmakers would approach me. Gambling and betting is fun, I am trying to maximise my winnings not reduce my risk.

[TopT3ns]

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.

So far I have never closed out / hedged a bet to save some money. I understand the strategy behind it, but I don't like it. Usually I only place bets when I am really convinced that one team is going to win and I want to stick with my bet to get the most out of the winnings. During some matches I realise that my prediction was wrong and I will likely lose money, it could be a could strategy to try and close out those bets to try and minimise the money I lose. But in sport games everything can happen, even a losing team can get lucky and score a goal in  the last 30 seconds of a match.  I read in some articles that bookmakers try to convince gambler to close out their very high risk / high reward bets. They are happy about all the unrealistic bets as long as they are losing and it's free money, but once there is a chance for such bets to succeed they become afraid to lose a lot of money. That is why I would not hedge my bets if the bookmakers would approach me. Gambling and betting is fun, I am trying to maximise my winnings not reduce my risk.

This way of gambling, in my opinion, is very dangerous because when the value of the money you bet is very large and is immediately lost due to making the wrong choice, maybe the best way for now is to gamble with fixed and regular value or capital so that it is most likely to provide victory even though there is no guarantee at least your game is safe because it does not use high capital so that it makes the risk lighter.

[BobK71]

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.

That happened to me as well, when teams are neck and neck sometimes you'll experience that gut feeling to cash out then they ended up winning at the very end missing out some extra profit. There's also times that it goes the other way around and cashout would be the better option.

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).

The cashout feature on crypto bookies can be annoying at times though, for example you bet on a team pre live with odds of 1.80 then later on you'll see the live odds of your team slowly go down to 1.70 or 1.65 but the cashout amount they'd give would still be at a slight loss instead of a slight profit.

Agree, It basically depends on your desire. Depending on the game conditions, you can cash out if you want to reduce your risk. But I think if your betting is slightly behind then the amount of cash out will be much less. So since it's a betting platform you have to take the risk. So I usually don't cash out.

[passwordnow]

Yes. For those bets that we've made, there's no cash out if you think and believe that you did bet the right one.

The cashout feature will just be an option for me and I won't even bother to TAP or HIT it regardless of the game situation. It's good to win the amount that you expect in return. In the first place, we choose those odds out of our fearless forecast on upcoming sports.

Always hang on to our bets, trust those and patiently wait for the results.

That's right, if you truly see that the bet you've made is really a good one then there's really no need for you to tap that. You just need to be patient and wait until it's finally okay.

If we won, then good. If we lose it, then move on and prepared for another round.

Exactly, there is no other thing that we must do but to move on and let that settle in. Whether we lose or win, that's how it goes and that's how gambling works for each bet that we make.

[Yamifoud]

This job is only for professionals, it will only make our job complicated, so if you are an ordinary gambler, all you have to do is to enjoy betting on a team that you think will win. What OP is saying is like a gambler becoming a trader, I don't do that though I'm aware of what OP is talking about.

[3meek]

I guess these schemes can be done by real professional gamblers... Sometimes even during the game there are doubts about the desired result, and here you also need to think about the tactics of the two teams... And it also happens very often that the bookmaker closes the possibility of selling the bet, most often when it becomes unprofitable for you... So it seems to me that such a hedge is an additional risk...

[KTChampions]

This job is only for professionals, it will only make our job complicated, so if you are an ordinary gambler, all you have to do is to enjoy betting on a team that you think will win. What OP is saying is like a gambler becoming a trader, I don't do that though I'm aware of what OP is talking about.

I think professionals avoid such moves. Compared to trading, this is analogous to fixing a loss as soon as your position is in the red or fixing a minimum profit as soon as the price goes in the right direction. In this way, you completely cut yourself off from the opportunity to make a significant profit and get only crumbs.

[_act_]

The cashout feature will just be an option for me and I won't even bother to TAP or HIT it regardless of the game situation. It's good to win the amount that you expect in return. In the first place, we choose those odds out of our fearless forecast on upcoming sports.

It would really be painful if a gambler thinks he is losing, use cashout to take his few money that remains from the amount he used to bet, but after, the team taken to win equalize and won the match. It is truly just good to leave the match until it has finished.

This job is only for professionals, it will only make our job complicated, so if you are an ordinary gambler, all you have to do is to enjoy betting on a team that you think will win. What OP is saying is like a gambler becoming a trader, I don't do that though I'm aware of what OP is talking about.

There is nothing like professional in sport gambling, it is basically a game of luck after you analyzed and take the right team to win, even if some people you called professionals are gambling, they do not go for cashout because they would have followed all the right rules of gambling, using small amount that will make then not even think if cashout.

[virasisog]

This job is only for professionals, it will only make our job complicated, so if you are an ordinary gambler, all you have to do is to enjoy betting on a team that you think will win. What OP is saying is like a gambler becoming a trader, I don't do that though I'm aware of what OP is talking about.

I think professionals avoid such moves. Compared to trading, this is analogous to fixing a loss as soon as your position is in the red or fixing a minimum profit as soon as the price goes in the right direction. In this way, you completely cut yourself off from the opportunity to make a significant profit and get only crumbs.

Yes, it isn't an ideal move for professional gamblers. It couldn't even maximize the profit. As an ordinary gambler, I also prefer betting fairly by just enjoying the entire game. This strategy isn't an effective way of increasing our gains so it would be better to focus on the game and just wait for the final result.

[Boristhecat]

I guess these schemes can be done by real professional gamblers... Sometimes even during the game there are doubts about the desired result, and here you also need to think about the tactics of the two teams... And it also happens very often that the bookmaker closes the possibility of selling the bet, most often when it becomes unprofitable for you... So it seems to me that such a hedge is an additional risk...

But people bet on almost all possible outcomes (this is the work of bookmakers to make them do this), so if selling a bet is unprofitable for you, then it is beneficial for another player. The bookmaker cannot play against anyone in particular, as many people are playing at the same time. And in any case, I didn't notice it - these opportunities (as well as the opportunity to bet live) are closed for a very short time, mainly when there is a dispute and it is checked using VAR. After the uncertainty is removed, the opportunity to bet/sell bet returns.

[_act_]

Yes, it isn't an ideal move for professional gamblers. It couldn't even maximize the profit. As an ordinary gambler, I also prefer betting fairly by just enjoying the entire game. This strategy isn't an effective way of increasing our gains so it would be better to focus on the game and just wait for the final result.

I have used cashout many times before, I later realized that it was not profitable for me, I remember a match the opponent scored and I later cash out the money in some losses, but later the team I supported won, but I cash out the money in loss. During matches I do also check the amount to cash out, the betting sites I was using only do it in a way to favour them and not favoring the gamblers, this is how it would also be on other betting sites, cash out is not advisable to be used, it is good to just stake and leave the whole match without using cash out.

[STT]

Cashout can work just fine so long as you know when the progress of the game is about to change abruptly, mostly we dont know this information but I find sometimes the rhythm of the game is not recognized or reflected and its relatively profitable to cashout at that moment and reduce your risk or walk away if your time is limited perhaps.  Its a good option to have and often convenient for anyone who does many bets and cant wait around for the game end.