Community Influence on Cashing Out or Holding On in Sports Betting

[Adbitco]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

Why make the bet if you are just going to be a coward and cashout? Who cares about others opinions, did they bet on the same game? Are you sharing the money with them? IMO, don't make the bet if you don't have the courage to follow through until the end. If you get down to the last leg you can hedge the bet and give yourself some guaranteed profit, but never cash put early from fear.

Smiles.. your comments made me flash back to a friend of mine who never gambled for the first time and it happened that he followed me to stake same matches which I does, but annoying thing there is that I asked him to wager with amount he can afford to lose without him asking me to pay back if he loses it, a long the line the matches kicked off and we seen about 5 matches already played remaining the two last matches. Oh my God, I wasn't able to breath freely from him since there was option to cashed out, what I did Is that if he didn't have that courage to wait or didn't believe on the game then you better switch it off so I can breath as well and he did cashed out and guess what all the game played.

The thing is that, while gambling we always have this doubting belief or heart that what if the games cut off what would be there, that is why it's always advisable to gamble with the amount that wouldn't affect them even though they lost the match they will still be alright without attaching bad feelings.

[danherbias07]

I'd probably cash out and take advantage of the profit. I am not that brave enough to continue especially when I see that it's already money that I can get for free. The cash-out button is there for a reason and those are for gamblers who are satisfied with what they will have instead of risking it more for a few bucks to be added to their winnings.
I don't really care if it's a friend who is suggesting to continue on because it's my money that is at risk and he/she will not be the one losing in case those last two picks will fail. I've done that many times although it's my own predictions, it's not that I don't trust my own picks but like I said, if there's profit available then we have a choice to take it now or not. I pick the former.

[Fiatless]

I believe that you should make the decision on whether to withdraw money from the game yourself, without looking back at the opinions of other people. After all, in this case it is not entirely clear who is playing - you or your friends or those people whose opinions you trust? It may well turn out that your advisers themselves are not sure of their decision and your desire to shift responsibility for your actions to other people may be wrong. If you have a strategy and a game system, then you should make the decision yourself.

A gambler's decision should not be influenced by this pressure, as you pointed out. You should make the decision because, in the end, no one shares your losses. This peer pressure typically occurs when there is a cash out option available, and I believe this is why the original poster started this thread. Nothing about gambling is certain, so even those who offer advice are unsure of how things will turn out. Encouraging people to cash out is based on the notion that it is preferable to seize a certain small win than to depend on a bigger win that may not materialize. Individuals, myself included, are sacred of losing everything.  

[ethereumhunter]

I decide by myself when I want to cash out because only me that will see my bet slip so I will decide based on the situation. If I don't see the chance for the team that I choose to win but I see the chance to cash out, I will do that without waiting for a long time. I experienced delaying to cash out in the past and makes me lose the money because the team I pick lost the performance against the opponent. The money is not too big but that makes me regret not to cash out in the right time so I learned from that. I feel the pressure to cash out when two more games still waiting for the end result. But if those two bet slip have a chance to cash out, I will immediately doing that before the situation change.

[Peanutswar]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

On the first statement of sharing your bet slip I guess it doesn't mean at all because if you win the game, you win there's no rituals or what so ever those are just speculations of other people now its up to you if you want to share your slip or not. If you think those wins already considered as count for the day you can now easily pull it out before the game starts at the end of the day its your decision and not with your friends those are their opinion possible they are right still there's a chance they are wrong but the call for the pulling out the bet is on your side.

[bitbollo]

Gambling choices must be personal. Everyone must think about their decisions. Take your slice of the cake...

I don't think there can be a rule for all cashouts. You always have to evaluate case by case. There can be many reasons for one solution or another.

[Marykeller]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

That would depend on the two more games at hand before thinking of adhering to a friend's advice or to what your mind tells you to do. But the main decision of the game lies on you whether to have your booked games cash out before the bets slip or not.

Whatever decision you take then, remember you are the one who will live up to it, not someone else. That's why you ought to think twice before following the advice of friends to cash out or relying on yours to hold to the end of the bet slip.

Most of the time, many people have lived on the regrets of both scenarios of why not cash out on time when they had the opportunity or why they hold on to the last bets is over.

You see, both mentioned scenarios can either fall to one advantage or disadvantage. And the person who has the bet will be the one to live with the memory, not their friends. That's why it's important to be mindful of the decision or opinion you follow to your bets because you are the one who will live up with the end result of your bet slip

[Tmoonz]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

The best advice is the one you give yourself as to this regards considering the fact that if the opinions of others are considered and in return things happened the way you personally felt you should done otherwise there will definitely be so much blame my point is that one should only consider such community opinion if they are inline with your own personal opinion as not to blame any with the final result, I can never consider any public opinion if am in this kind of situation, although any one can come up with his or her opinions as to this regards, that is my feedback.

[swogerino]

Gambling choices must be personal. Everyone must think about their decisions. Take your slice of the cake...

I don't think there can be a rule for all cashouts. You always have to evaluate case by case. There can be many reasons for one solution or another.

I agree with that. Everyone thinks that his bet is better than the others and he goes for it, some people in some cases and I also have done that after several lost bets I started copying other people bets and that is normal. I think that if you do your own research for the certain teams you want to bet on, a simple good search in reading latest 5 games in flashscore app you can have a good insight of what is happening, add some tipping websites for the games you want to bet in to get another round of insights and based on this information I think it is very easy to go for a choice. I don't think there is a better way than this yet everyone has his own ways.

[Coin_trader]

In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

I only place bet on matches that I’m interested to watch meaning I have deep knowledge on the bet. I will not follow others opinion on this type of bet which I have high confidence since I want to play through my bet until the end.

Maybe I will hear opinion if I bet on a match that I just follow from a colleague but I rarely do this tho. I don’t get the point of following other opinion towards your bet since sports betting is more on proving that your prediction was right in able to enjoy the game.

There’s no entertainment if you are just copying others decision.

[Fivestar4everMVP]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

This is a tricky question if I mustnt lie, but all the same, every question have its own answer, and I will try to answer this based on my own personal knowledge.

First and foremost, it is very important for a gambler to fully understand that he or she is solely responsible for what ever betting or gambling decision he or she takes, those who advice it won't bear the consequences of the gambler doing what he or she was advised to do, but the gambler alone will bear it.

So, putting the above in full consideration, I will and always advice gamblers to learn to make their own decisions and stand by it, and be ready to fully face what ever be the consequences and blame absolutely no one.
If you as a gambler decide to share your bet slip online, and majority or maybe everyone advice you to take the cash out, think for yourself and decide whether you want to take the cash out or not, because in the end, it's either your win or your lose, do not allow people push you into taking a decision you will later wish you did not take, they won't regret for you, it's your regret and your lose at the end of the day.

[Cryptomultiplier]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

I don't really care about other people's opinion when it comes to a bet because they do not know better as to how the results of my effort would turn out.

If in this kind of case where I shared a bet slip to the community and I get such response to cash out before the matches end, it is left for me who has been paying attention to the results so far and who has a better understanding of the last games to decide on what to do, but when I didn't pay attention to the scores so far and get a response from the community to cashout before the game ends, i can decide to oblige seeing that i wasn't at all attentive.

[YOSHIE]

In this case do you give in or hold out based on their opinions?

Two understandings, firstly, if the bet is placed based on a friend's slip, I will survive whatever risks occur at the end of the match, secondly, if it is a bet based on my personal slip, I also hold on until the end even though there are still two matches left tomorrow.

The point is: I gamble based on my instincts and am a professional at gambling, if I have placed a bet on a particular sport I don't want to turn back, even though the bet still has two or three more matches left, I stand my ground, Friend's idea is accepted, if it is before the bet is placed, if the Bet button has been pressed, for me there is no more story, I just wait for the final result of losing or winning.

I have given up on changing the basic bet to the second bet, based on a friend's slip and what happened, my initial bet was correct and the friend's betting slip was not correct, it happened several times, on that basis I no longer trust any slip, even though their slip is correct.

[mirakal]

IIn this case do you give in or hold out based on their opinions?

If we think someone can help us make a decision, it’s smart to listen to them. But if not, let’s not waste time and just figure out what’s best for us. Cashing out is a solid option if we see more wins than losses; being greedy and holding onto everything isn’t worth it when we don’t know if the remaining bets will be winners.

In gambling, we can’t just focus everything on the positives—we also need to play strategically, especially when we have the favor already. The key is to make a profit here, even if it’s small, rather than walk away empty-handed.

[traderethereum]

That will be your decision to choose. If you thinks you are confidents with your analysis and believes your team can win, you can wait until the match is end. But the risk that you can get is anything can change so your percentage to win will decrease and effects to your lose.
If we can cash out before all games on the slip ends, it is better to cash out and enjoy the money. We don't know for sure the ends of the games and the pressure will be higher with emotion involved.
My friends will give the best suggestion for me and if they see there are no big chance to waiting for the games end, they will tell to cash out.

[Davidvictorson]

You see, both mentioned scenarios can either fall to one advantage or disadvantage. And the person who has the bet will be the one to live with the memory, not their friends. That's why it's important to be mindful of the decision or opinion you follow to your bets because you are the one who will live up with the end result of your bet slip

You ar right and that was what I had in mind when I created the topic for this discussion to gather the opinions of others. I kept asking myself the main question is if the person can live the consequences of sticking with his own decisions and losing or following public opinion and losing. I think the best is to listen to oneself and if the person believes in his picks and is confident in his analysis the opinions of others wouldn't matter. And if he lost, at least it would be on his own accord.

[Jawhead999]

The gambler itself should have an exit plan.

Let's say the gambler want to bet parlay of 5 match, they should pick the most easiest to hardest, so in case you're not really sure with the last match, you can cash out your bets. Don't put the hardest bet in the beginning because you might lose your bet and you will not able to make decision in the future.

[pawanjain]

In sports betting specifically football is your decision to cash out or wait it out until the end of the game based on the opinions of other people if you shared your bet slip with them while the game is on?

Some people after they have placed their bets on several games may be so excited to share their bet slip with their gambling community who helps to monitor if games they bet on are winning or they are losing. In some cases if all the other games were a win and it remains like two more games on the slip, they may feel pressured to cash out based on the opinions of their friends. In this case do you give in or hold out based on their opinions?

I prefer to stay with my instinct and if while the game is on my gutt feeling says to cash out then I do.
In most cases, I do hold it out until the end of the game. I share my bets only after the game ends and results are out.

[Dr.Bitcoin_Strange]

Except we have an agreement to share our bet slips on our community forum and members can decide the decisions about cash outs, I don't think that it's necessary to share it. If you bet with your own money, then you should make the decision whether to cash out by yourself. You can choose to ask for opinions if you're not sure whether to cash out or not, the point is that it's supposed to be your choice even if you ask for opinions. I think that people should have their strategies about cashing out, personally I don't like cash outs that is why I bet with the amount that I can afford to loose.

You are right, if it's a bet that one actually staked by themselves, then there's no need to get influence by anyone's opinion on accepting cash outs offers. Only when I actually did a general bet with my friends, that's when I can have a biased decision on that but apart from that, it's my game and I decide for myself if I must cash out or not.

[Ambatman]

People even if they deny it one way or the other are influenced and shaped by their environment.
Most times people give in to the suggestion of their friends or the public when they themselves are feeling that the community might be right.
If they sure of themselves, then they have already made up their mind before the end of the game.
Well it depends on the individual or circumstances
Personally don't share my bet slip but could be influenced if there's a news that came, which I feel might affect my slip.
I would change and make modifications based on it and if not
Well I stick till the end.