Why do bookies allow cashouts?

[sunsilk]

Bookies win money with that option, they let users cashout less than the full amount they would have to pay if the bet win, and that way they save some money by paying a percent of the bet and not the full amount.

This.

They won't be paying the max money that bettor is about to win and that's why options like this is also made by them to save money, and more money if the volume of wins from many bettors are there.

As they know that not all bettors have the balls to keep on pushing and let all of the money slide to their wins until it's finished. This is an advantage on them that they'd only pay a portion of it and a huge less from the amount that the bettor should win.

On the other side, if the bettor don't want to continue with the bets anymore, that's actually a good option if they just wanna go home with the money.

Yeah this is what i know too, as bookmakers generally use the cashout to manage their risk and ensure profitability. So they just allows the users to receive less than the total amount that they can pay out, at the same time they are limiting their risk of large payouts in case the bet does go through. Many known gamblers knew this feature may come in very handy for casinos, since it helps save a lot of money and keeps a person from paying expensive fees. Emotional gamblers are particularly vulnerable in this regard. The money can be made off easily due to their emotions and that too helps the casino. However, a checkout method may prove to be clever as well. Take the case in which you have bet on underdogs and they do well. Now, you can lock in the profit once you make money quickly. I personally think that this can be a good option, but it consumes certain time and involves some luck, thus being somewhat of a double-edged sword in gambling.

Emotionally, I think that's how it becomes a double-edged sword. If given the decision of the winning sports bettor is to take the money and withdraw and walk away.

But then, the bet that he's going for is about to win, that's how it is hitting him badly because of the larger profits that he's about to make.

Although the profits are already secured but the thing is that, it's just lesser than the potential full winnable amount. IMO, that's still win if the profit is taken out.

[Beparanf]

Bookmakers are also gamblers too everything is set and designed to make sure they win, once there is a slight change in the odds of a running game placed by you and let's assume it's going quite well the cashout will be slightly increased, it's a push or tempting offer from them to cashout cause there's a high possibility that you might win the game..many have fallen for this cashout trick...

I really like this part because this true. Not a typical gambler but rather a casino is a professional gambler that gamble with a huge advantage against players due to house edge.

A friend of mine placed a bet with 1000 to win 50k, it was going quite well and the cashout was increased to 15k..he started having doubts so he cashed out the game and it turned out that the entire game was successful

Is this a single game or a parlay game? A 15K cashout is too small for the potential win he can get. I’m sure that the match is doing well that’s why casino offer a profit on cashout.

This is why you shouldn’t check your bet whenever you are watching live games so that you will not be tempted to cashout when casino offer a tricky cashout.

[Peanutswar]

Just recently seen this but few casino offering this kind of user friendly feature for those people who knows the possible outcome of the game it's a good thing because they can now make a cutloss to their game insteading lossing all you have an option to partially have at least with your wage amount, other casino just offer once you put already your money it's all about winning or lossing the game. This feature not offering full payment cash out to their players of course so they can still earn with this feature or be like consider as fee.

[Fivestar4everMVP]

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?

The two answers you gave above might just be it, but for the former, I won't say that the casino is scared, they are not scared, but simply offering you (the gambler) and themself (the casino) the opportunity to save some cash.
This simply means that, if you the gambler accept the cash out offer, and the ticket generally end up not winning, you have saved yourself some money, that is, you gained your staked amount back plus maybe a small profit.

But if on the other hand, you accept the cash out offer and the ticket generally end of winning, the casino having paid you less than the amount in the tickets potential win, have saved themselves some money which they can possibly use for other expenditures.

I can't say or explain in full and understandable details why casino offer the cash out, but what I do know and believe is that, this feature contributes to making sports betting more interesting and exciting.

And point of correction, cash outs isn't only offered for parleys(multi-bet ticket) alone, single bets also get a cash out offer as well, though not every single bets.

[Frankolala]

Just recently seen this but few casino offering this kind of user friendly feature for those people who knows the possible outcome of the game it's a good thing because they can now make a cutloss to their game insteading lossing all you have an option to partially have at least with your wage amount, other casino just offer once you put already your money it's all about winning or lossing the game. This feature not offering full payment cash out to their players of course so they can still earn with this feature or be like consider as fee.

The cash out option is in favor of both the gambler and the bookie because if the gambler decided to cash out, it shows that he appreciates the little profits that he has already made on the games that came out as predicted and that gives him an option to walk away with his little profit or continue playing. It is just like a gambler gambling in a casino and is on his winning streak and decided to continue playing because he feels his luck will continue shinning instead of walking away.

On the other hand, the casino will also be prevented from paying huge should incase all the game comes out as predicted. But from my own point of view, the cash out feature is more in favor of the casino.

[Maslate]

Just recently seen this but few casino offering this kind of user friendly feature for those people who knows the possible outcome of the game it's a good thing because they can now make a cutloss to their game insteading lossing all you have an option to partially have at least with your wage amount, other casino just offer once you put already your money it's all about winning or lossing the game. This feature not offering full payment cash out to their players of course so they can still earn with this feature or be like consider as fee.

The cash out option is in favor of both the gambler and the bookie because if the gambler decided to cash out, it shows that he appreciates the little profits that he has already made on the games that came out as predicted and that gives him an option to walk away with his little profit or continue playing. It is just like a gambler gambling in a casino and is on his winning streak and decided to continue playing because he feels his luck will continue shinning instead of walking away.

On the other hand, the casino will also be prevented from paying huge should incase all the game comes out as predicted. But from my own point of view, the cash out feature is more in favor of the casino.

Yes, no question it does favor the casino.

As to this article, these negative factors are being discussed. So the conclusion is that this option would only make us addicted.

Highlights
•
Cashing out is a popular gambling feature that has been linked to problem gambling.
•
In our sample, 51.8% of participants reported using the cash out feature.
•
Using the cash out feature was associated with motivations to gamble to make money.
•
The cash out feature was associated with increased psychological vulnerabilities.
•
Motives for cashing out were to cut losses, gain money, and related to risk level.

Those sentences that were bolded are the most alarming because they're associated with how we feel when gambling using the cash-out option. So, I guess it's not really helping us at all. Instead, it only makes us emotionally involved until we get too attached to it, leading us to make decisions we might regret in the end.

[AB de Royse777]

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.

Many times I cashed out and then found if I would not cash out then the slip would be lost and there are other times when I cashed out by panicking but then the slip was still a winner.

Cashout is a good feature that benefits both the sportbook and the better.

[Woodie]

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.

This is the reality of gambling, with or without this feature the bookies still win no two ways about it!

But I guess the cashout feature is to allow players to get something out from a bad bet , the cashout feature can also be seen as a way to avoid paying out maximum payouts as gamblers get out what they can especially if cashout is generous..but in any case this should be seen as a feature to invite players to the platform as not every bookie has integrated this feature.

[Charles-Tim]

Many times I cashed out and then found if I would not cash out then the slip would be lost and there are other times when I cashed out by panicking but then the slip was still a winner.

These have also happened to me before several times. But when I started using low amount of money to gamble, I stopped it.

Cashout is a good feature that benefits both the sportbook and the better.

I have many friends that are wasting money on gambling. They use the feature several times but they continue to lose money. We have even discussed it before few years ago that cashout does not worth it. But some people can have different opinion. Example is a match that is having 5 odds while only one match remains. If the person bet with $10 and want to win $100 but because it is remaining one match, the cash is around $60. That is helpful. But what that matters most is someone habit for gambling. If the person cashout the money but if he is an addict, he will still continue to lose money later. It may even be that day that the person will lose all the money.

[Dr.Bitcoin_Strange]

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 just LOL, you can say it's a way to fool some gambler but I don't think it's to fool all gamblers. You are right that even with or without cash out option, the betting site still remains at top of the winning side.
Cashout is an option that allows the bettor to take a small percentage from the potential winning and from my own experience, it has benefited me severally, sometimes I will stake $5 and the potential winning could be $95 and after some leg has played successfully from my accumulator, my cashout could be $30-$50 and I will just take the cashout and leave. So, from my experience and in my opinion, I don't see it as being totally useless.

I know about a few people and have heard stories about some gamblers that had a huge cashout amount because their potential winning was really huge and so the cashout offer was significant too, some of this gamblers refused to accept the cashout and they still lose their bet, while some took the cashout and the game busted.

[tread93]

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.

I agree I think that it is definitely to mitigate their own losses in the chance that these bets hit since such a large percentage has panned out their like “shit we better just pay this guy and bounce or else we will have to pay wayyyy more” lmao

[Huppercase]

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?

There many reasons why Casino give cashout to gamblers but the major one is to favour casino from paying huge amount of money later when you win the bet. For example that you made, if you have 15 out 18 games played and your potential maximum profit if $2000, if you agree to cashout in 15 winning and let go of the rest games, they will offer you $400 in some cases or even lower, they are also betting on perhaps you will win so they can save up $1600 they will have to pay you when you win yhe total 18 events.

I don't care if I'm giving cashout or not but when I see uncertainty about my games, I do accept it because it's better for me to see my wager coming home than lose it without having another money to rebet. I gave lose 13/14 games one time and I had the option to cashout but I didn't because the amount was low but it's better I have money back than lose it all.

[GiftedMAN]

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?

Going with my own experience, I think cash- out in gambling is another way of reducing the potential amount of money to be won by a bettor by offering him a peanut as a tempting offer when there is a probability of a possibility win in the bettors running ticket.

Gambling companies do this to reduce reduce the possibility of bettors winning huge amounts because the amount to be cashed out is increased when there is progress in the running games.

It takes patience and courage for bettors to resist the urge to cash out when they are shown some reasonable amount has cash out so betting companies will always be at the winning side when the bettors who couldn't wait for all the games to end and be paid full amount takes part of the money as cash out.

[promise444c5]

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.

This is the reality of gambling, with or without this feature the bookies still win no two ways about it!

But I guess the cashout feature is to allow players to get something out from a bad bet , the cashout feature can also be seen as a way to avoid paying out maximum payouts as gamblers get out what they can especially if cashout is generous..but in any case this should be seen as a feature to invite players to the platform as not every bookie has integrated this feature.

Well each casinos knows how they do  and run their things entirely,the setup used by A might be different from B... Thus, in my opinion I think the cash out feature is not for Bad bets but uncertain bets which are likely to still  come out as profit but in a 50-50 chance, that's why the cash out might be very low compared to what to win... if its  a bad bet they won't even open the feature. Besides, they aren't losing either you cahout or not if there's a win you get your reward, if there's not they get part of your reward (that's if you cashout) and if you won but already cahout they still have part of your reward so it a win-win for them .

[Promocodeudo]

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.

It's actually important for gamblers to already accept the risk before involving themselves because lot of people think gambling is just place to come catch big fish and leave just as it's to someone who goes to River to fish and go home. People should make adequate research on how to site works before going into it to gamble and accept the fact that we winning and losing is sure but losing ratio is extremely higher.

Thats the fact, gambling is risk itself and I believe many gamblers understands this, once you have the mindset of putting your money in an uncertain stuff, you should have been aware that the move that you're considering to make is a risky one, anyone thinking that gambling is an avenue to make huge money easily doesnt understand what gambling is all about.
People just go into what they don't really know without getting a versed information about it because of how inquisitive they are to make money, many gambling companies has categorically stated it in their site that gamblers should gamble responsibly that's to say that there are things you must know before being a gambler, your risk level should be lesser despite how sure and tempting some odds seem to be, a gambler has to be discipline in other not to incur much loss, as for the losing aspect it is everly inevitable and I think it should be in the mind of gamblers at all time.

[letteredhub]

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.

The win-win situation TBH appears to be unequal between the gambler and the bookies. They stand to reap more and this they know too well therefore leading to their initiation of the cash out feature into the system to reduce their losses in a bet they supposed to have paid out huge money if they were to pay in full amount to the last game in the bet ticket.

For instance, a gambler cashed out $100 on 3 different occasions in bets for which the total potential win is $1000 respectively. Unfortunately for him on the third ticket the games played completely as predicted but he has already made a cash out. The maths is that the gambler made $300 meanwhile he could have earned $1000 if he hadn't crashed out in the middle of the games, thereby losing $700 to the casino or gambling site. I have read many real life stories where gamblers cashed out a stipend for a bet he could have won millions if he was patient enough to have it all to the end of the games. Casinos uses this features to deny us of huge wins when they have a feeling that the game is going to play fine because they always have privy to upper level informations ahead of us before we do.

[Saint-loup]

For me it's a way to encourage people to bet more, by giving them a false sense of security, because in the long run they will at least lose the same percentage of their bankroll as without using the feature(and then a bigger amount if they wager more) and even more than that if the cashout option gives a lower RTP, which is rather common AFAIK. For example you can compare below the RTP you will get at a blackjack game(99.49%) by playing normally and the one you will get if you take the cash out offer(96.00%).

[topbitcoin]

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?

You've answered that yourself in my opinion.
But let's talk about the “thinking of the casino” that offers that to its gamblers, honestly what is the background to such an offer.

As you said, it is possible that the casino does not want the bettor to get all the winnings, because in such bets the odds offered are very large, of course even with small capital you will get a big win, and trying to offer a withdrawal presentation before all bets are completed, a tempted gambler might take that percentage.

The second is flexibility, where the bettor has the right to withdraw even if the bet has not been completed completely to anticipate losses and get nothing when one of the bets afterwards loses, so in conclusion there are two negative and positive ways of thinking and make sense.

[Distinctin]

For me it's a way to encourage people to bet more, by giving them a false sense of security, because in the long run they will at least lose the same percentage of their bankroll as without using the feature(and then a bigger amount if they wager more) and even more than that if the cashout option gives a lower RTP, which is rather common AFAIK. For example you can compare below the RTP you will get at a blackjack game(99.49%) by playing normally and the one you will get if you take the cash out offer(96.00%).

This is more reliable information. We talk with numbers here, and this hits the truth. Sometimes, we are too optimistic that we ignore reality, which is not good as it will only mislead us on our sports betting journey. Of course, bookies are there to give us fun with the betting odds, but we should not forget that their main goal is to be profitable, so anything they offer, including this cash-out option, has an edge for them. We might think we outsmarted them when we cash out, but in reality, we don’t because cashing out means you’re just minimizing your losses or potential wins.

[GigaBit]

Cashing out seems to me to give gamblers an opportunity where the gambler can exit if he wants to. When a gambler is ahead to win it gives him the opportunity to cash out but it is less and when he loses then the gambler is able to withdraw his money through more losses. I never like to cash out in gambling because I have had past experiences where I felt that cashing out is a kind of loss for the gambler. However, since winning or losing in gambling is uncertain, we cannot guarantee any for sure. Moreover, when it comes to gambling, there is absolutely no chance for us to avoid risk. I have won many bets after cashing out to avoid losses. It is completely uncertain.