Why do bookies allow cashouts?

[Dr.Bitcoin_Strange]

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?

[Ruttoshi]

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.

[Charles-Tim]

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.

[uneng]

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.

[Orpichukwu]

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.

[Rruchi man]

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.  

[SmartGold01]

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.

[stompix]

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.

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.

[Richbased]

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?

Literally, for me the reason why casino companies offers cash outs is to make it easy for gamblers because since the introduction of cash out features in gambling, gamblers are not too greedy again to wait till the whole events in a ticket plays accordingly. Regardless of the fact that some people also regrets when they cash out and finally the events they cashed out on still plays accordingly but I commend gambling sites and companies for providing the cash out features if not so many gamblers can even bet games for years without winning but with the availability of cash out features now it is possible to at least win a little from the whole potential winning in the ticket especially for those that bets on running games (that is tickets that the events can run from 2 days and above).

 Providing the cash out features is the only way I think that gambling companies have giving gamblers a little avenue to make a winning from their bets because even if someone cashed out a bet and it still played accordingly, the gambler isn't at lost in toto because he has also gotten some amount of money from the ones already cashed out.

[Spaceman1000$]

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?

I think is a two way thing, first is to allow you as a gambler take a percentage of your total win if you're not sure about the success of the remaining games in the bookings you've made, in the other hand the casino company are trying to cut cost, because if you don't take the cashout they've given to you, and the entire game comes out successful, then it a bigger loss to them, so the cashout is a kind of a bait they are using on gamblers for you not to see the bigger picture of your win.
However you can reject the cashout and the game might not go the way you've planned, so it still entirely depends on the gambler to make his choice, the casino can only react to the options you choose.

[milewilda]

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.

In most cases yes, but we cant really be able to deny that we are on a situation that we are winning up lets say 7/10 of our bets and seeing that cash out thing will really be that an advantage
for you to get out on profits on the time or moment that you do see that next 3 games is a little bit disadvantageous or having those kind of doubts about the outcome. Everything would really be that
depending or according into someones choice when it comes into this manner.Even though lets say that that bookies are always at advantage (which is constant or standard) but we cant be able
to deny that those kind of feature thing could give out that kind of option on which bettors would really be loving to have or really they do look positive towards them.

Bookies would really be making things look interesting as much as they could so that they could be able to hook up bettors on making up their bets. On the time that they do know
that they could cash out early on mid-way then they would really be seeing it to be positive rather than on negative, but if you are someone who is really that hating up bookies/house that much
then you would be having these kind of insights on which we know that this is really that involving that deeper understanding on which sometimes its irrelevant.

[Wiwo]

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.

I totally disagree with you on the statement that cash out is way to fool the gambler because that is opposite what cashout is all about, and I can liken cashout to be a form of winning but not in total accumulated percentage on the odds, let me go further to make you understand..

Last week, I staked a bet with a total amount of 50 USDT and while the game was far gone into the second half like about 70 minutes, I was already having a $150 available cashout whereas the total potential winning was around $200, so I cashout out the 150+ USDT, I am at a gain of $100 if I minus my staked amount, so am I not at gain?

[Weawant]

Basically such is a way of giving the gamblers an edge even so they don't have to loose out totally in case the games doesn't go as they did planned, so the casino have to suffer the loss, it could also be a way of attracting some.more gamblers ro their own casino because not all casinos do offer this so the few who offers it, some gamblers may use it as a strategy to gamble, so what they do is, they wait till they see a cash out that is above their stake then they cash out.

[Questat]

There's big competition in the gambling industry, and having this kind of feature makes it attractive to new gamblers. Not all bookies have this feature, so those who offer the cash-out option might have an edge over others. However, this cash-out option doesn't give gamblers an advantage, as there's no way they'd implement something that gives us an edge. They live and operate by the juice or commission they make on winning bets, so mathematically, they always end up on the profit side, no matter what feature or promotion they add to the platform.

[Tmoonz]

I would say that one of the reasons why bookies allows cash out to gamblers is that they want to give gamblers the avenue or an assurance that they can have part of their potential winning even without waiting till the end of their games. I know of some people who got in to most of this gambling platforms simply because they have this cash out features hence it is another way of the betting company to increase the numbers of user in their platforms or betting sites. Moreso, it is also a way of the company to cut losses of paying in full in a situation where the game didn't play out completely.

[Fiatless]

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?

Reputable casinos have enough funds to pay big wins. Therefore, I might dispute the assumption that they are avoiding losses through cashouts. To me, cashouts are just meant to give gamblers different options so that gambling can be more exciting. Having different options to choose from can make sports betting less boring. In physical casinos, there are always arguments or suggestions about cashing out or risking the game.

Some people are not high-risk takers; cash outs give them a chance to express their behavior. I am an example of low risk take and I am always comfortable with cashing out no matter how small the money might be. It could also be a means to make gamblers feel that they can make decisions concerning their games.

[alani123]

Bookies understood there was a huge gap in the market in terms of betting because if you made a bet and your odds were improving at winning, but there was still some time for the market to close, maybe you'd want to cut your risks and withdraw your initial with minor cuts to your potential winnings.

Or alternative you'd want to lock in some loss by selling your position to someone willing to take the risk. This way the bookie makes money on the arbitrage also, perhaps even more than letting someone open a new position because regardless of the outcome they still win more based on the margin between how more cheaply your bet could be sold from a new position.

So now the bookie with the biggest cashout feature has a huge comparative advantage at offering much more flexibility to punters.

Now with betting markets being opened also, where positions can be traded on a free market, bookies have another form of competition that is even more competitive to their traditional model. So they have to adapt as well.

[GeorgeJohn]

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.

You're right, because the objectives of casino owners is to make a profit, and the essence of establishment of casino is to ensure that stand firm and not to lose their capital, the money we do win in casino gambling site include other gambling is a personal funds someone used to establish gambling, so they will be desperate to make profit not for you as gambler to make  profit, when you lose in gambling the platform rejoice.

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

Analysis has proven before in statistical method that total number of losers in gambling is higher than the one who benefited in gambling, so any gambling websites most put a clause that they will benefit on it, so that's why I do tell people to make research of any site before they go into it.

[Charles-Tim]

I totally disagree with you on the statement that cash out is way to fool the gambler because that is opposite what cashout is all about, and I can liken cashout to be a form of winning but not in total accumulated percentage on the odds, let me go further to make you understand..

I also perfectly disagree with you. My posts is based on if you are a gambling addicted, be it you use cashout or not, you will continue to lose in betting anytime you have money. If you are the type of person that is always losing in gambling, cashout is not there to help you. It. Looks like something good but it is only not what most of you thought it is.

Last week, I staked a bet with a total amount of 50 USDT and while the game was far gone into the second half like about 70 minutes, I was already having a $150 available cashout whereas the total potential winning was around $200, so I cashout out the 150+ USDT, I am at a gain of $100 if I minus my staked amount, so am I not at gain?

What is the outcome of the match? If the match ended, would you have won the $200?

I have experience about what cashout is, it is rubbish and commonly used by people that use high amount of money to bet. I do not even check the match I bet on and I use small amount of money to bet it. If it happens that I am watching the match, I do not cashout. With what have seen about it, it is rubbish and only for the betting site to make money like nothing added nothing deducted.

[AmoreJaz]

I would say that one of the reasons why bookies allows cash out to gamblers is that they want to give gamblers the avenue or an assurance that they can have part of their potential winning even without waiting till the end of their games. I know of some people who got in to most of this gambling platforms simply because they have this cash out features hence it is another way of the betting company to increase the numbers of user in their platforms or betting sites. Moreso, it is also a way of the company to cut losses of paying in full in a situation where the game didn't play out completely.

I believe this option is a win-win situation for both sides. If the gambler changes his mind, he has option to withdraw via cash out option before the game finishes and for the side of the bookie, they won't pay the full amount if the gambler luckily won the bet. Well, let us put it this way, both sides have benefits on this option. I have selected such option also several times and I won't regret doing such. So for me, the bookie is just giving another option to the gambler, whether you will opt for it or not.