If you’re gonna CASH OUT, Why PARLAY in the first place?

[sheenshane]

But when you cash out and it still wins? That’s where the real regret kicks in.

Which is more regrettable: not cashing out and having the bet lose anyway? That’s even more regrettable.

If you can win or lose that kind of amount you cashed out regularly, then I don’t think it should be something to regret.

Let’s say the cash-out offer is $100, but you have the potential to win $1,000 if you don’t take it. For me, I’d let the game finish since the outcome is still uncertain anyway, and I’d go for the $1,000. I can live with losing $100, but letting a $1,000 chance slip away? That’s not something I could easily pass on. That’s my mindset as a gambler.

Well, there's nothing wrong with your decision, that's your strategy.
If you occasionally place parlays in hopes of a life-changing payout while keeping losses manageable and controlled, that can be a reasonable entertainment choice as long as it fits within your budget and isn't used to solve problems.

We know gamblers are always on the lookout for an opportunity when their luck strikes.
If you believe that the amount you wager on a parlay is what you can afford, and instead of cashing it out, you enjoy your earnings while continuing to gamble in hopes of a big payout, that can lead to issues.

[Reatim]

Well, this is like a regular method for me and I don't find it stressful in any way. If for example I stake on a single game of 2:00 odd and maybe I received a cash out offer while the game is still on, the amount offered will not be same as to when I staked on a parlay of 10 games which about 7 or 8 games has already played successfully, the reason that make me take cash out is if I lose confidence in the remaining games. The method is not challenging for me.

you wanted to take a risk in the first place so why not see it through? is probably what op thinks??? but you can only probably do that if you are not concerned with your money and you are still somehow wishing for some kind of miracle lol

[Darker45]

If the remaining legs look shaky, I guess that's when the cash-out option is best used--that is, if that's still available. Oftentimes, the cash-out option isn't anymore available the moment the bet is most likely losing.

A parlay is indeed hard to win. The odds are highly rewarding. The risk is high, too. I guess these are the reasons why cash-out is an attractive option once most legs are already in green and the bet has already multiplied. If you aren't confident of the remaining bets, that's the best way to go. But if you're more than confident the remaining bets are winning, then you should wait for all games to finish.

[Harkorede]

I hate to cashout, but I have done so a lot of times the to be honest, the most reason why I do cashout is if the final leg is just rather too far from other one that have been settled, while making parlays I usually prefer to picks games that play within close intervals, lets Football for instance I usually do just Saturday only bets, or sometimes including a few Sunday matches, so If all my bets for Saturday gets settled and only one leg is left for Sunday, I'm most likely to cashout and move on, except the cashout offer seems rather ridiculous to me.

[Peanutswar]

People make a parlay because of the bonuses given the casino its increases the number of multiplier and even you have a lower bet amount still you can make a huge profit at least if you hit those parlays but again its a number of bets in a slip you must need to hit them all, if you miss just single bet you will lose your parlay, so its a lock in if you win or not. Others thinking its their last bet that they are willing to give a shot if they win good additional earning to them if not they will slide it on because its just a last risk before making a withdrawal. Just having a side quest risk to the players wanted to have a finishing bet.

[jcojci]

Well, this is like a regular method for me and I don't find it stressful in any way. If for example I stake on a single game of 2:00 odd and maybe I received a cash out offer while the game is still on, the amount offered will not be same as to when I staked on a parlay of 10 games which about 7 or 8 games has already played successfully, the reason that make me take cash out is if I lose confidence in the remaining games. The method is not challenging for me.

you wanted to take a risk in the first place so why not see it through? is probably what op thinks??? but you can only probably do that if you are not concerned with your money and you are still somehow wishing for some kind of miracle lol

We know that miracles can come anytime. But we can not expect that will happen too many times because luck will not stay with one person for a long time. Usually, the luck comes in one round and gives us the win then leaves. If we are not aware of this, we may continue gambling and expect to make more profit. But if we are aware that luck can not stay in the next rounds, we will not chase the next winning but we will stop gambling, no matter if we win small or big.

[Ruttoshi]

So again, why bother with a parlay if you’re just going to cash out early? Doesn’t that kinda show you’re not really in it for the challenge? I mean, if the parlay hits, that would’ve made your day. And if it loses, that’s fine too since you already knew the risk. But when you cash out and it still wins? That’s where the real regret kicks in.

It all boils down to the gambler and the amount that he is aiming to win. If you play a single bet with little amount of money, you get little profits but parlay can give you a chance to increase that profits that you were to get from a single bet.

Also in parlay, you have the option to cashout when your bets are going as predicted, which means that you have nothing to lose by cashing out. If you don't cashout and the game turned out against you, that's the biggest regret. I have stopped betting on parlay, because it doesn't give me a rest of mind since I have to monitor the matches that I bet on. 

[Strongkored]

Why do people even go for parlays if they’re planning to cash out later?

Initially, bettors likely won't aim to cash out because their initial goal is truly to maximize profits with parlay bets.
But people can change their minds when they see the potential profit figures, and reading news about the remaining matches can also change their mind, leading them to cash out.
I don't think that's unusual, as every bettor has a different risk tolerance and a different amount of satisfaction.
I would also probably cash out if I saw $1000 profit rather than waiting until $2000 which is probably not achievable.

[Fortify]

Why do people even go for parlays if they’re planning to cash out later? I’ve seen a lot of threads about cash outs in sports betting, and most of the time it’s about parlays based on their experience.

What I’m trying to say is, we already know from the start that parlays are hard to win. But we still take the shot because we want that big payout from a small stake. Then suddenly, when a few legs hit and the remaining games look shaky, the bettor decides to hit cash out to secure a profit, even though it’s not the payout they were really aiming for. Isn’t that kind of stressful?

So again, why bother with a parlay if you’re just going to cash out early? Doesn’t that kinda show you’re not really in it for the challenge? I mean, if the parlay hits, that would’ve made your day. And if it loses, that’s fine too since you already knew the risk. But when you cash out and it still wins? That’s where the real regret kicks in.

People are driven by emotions and we are inherently bad at calculating odds. That makes for a volatile mix when you can take guaranteed money half way into the parlay or risk losing the rest. If you are getting a decent payoff there is no shame in walking away with the cash at any point. The world is dynamic and you might have second thoughts or think of a new angle that you hadn't accounted for when placing the bet, or you might decide a key player is out which could change the advantage from your favor. There are plenty of legit reasons why you might choose to close a multi bet down early and there is nothing wrong with that. However I would tend to let it ride and ignore it to the end if all results happen in a short time period.

[alani123]

When gambling is done for fun, which is the healthy aspect, anyone's play style is their own business. Some things might not always make sense in terms of EV but... The real question is why not. Maybe someone got bored of waiting and wants to cash out to pay some beers for his friends with profits.

Maybe it's compulsion. Maybe the initial parlay was too risky and they're lucky to have gotten that far. Whatever it might be. Gambling on sports is still a game of chance and sometimes weighing your risk can also be a good choice because even with sports there's no guaranteed strategy and there's also a house edge that can and will get you down over time.

[Slow death]

So again, why bother with a parlay if you’re just going to cash out early?

In parlays, people analyze games based on the data they have available at that time: injured players, who might play, who will be on the bench and who will start, what the best starting XI for each team is and many other things.

It turns out that not all games take place on the same day; some games will be played days later. So, if you placed 10 games with total odds of @50.00, bet $1, win 7 games, and have $18 available to cash out. Then, you hear that the key players in one of the three remaining games won't play, the right thing to do would be to cash out $18, because that's already a very decent profit. Even if you were placing single bets with a starting capital of $1, it would take a long time to get $18.

[Porfirii]

-snip-

Isn’t that kind of stressful?

So again, why bother with a parlay if you’re just going to cash out early? Doesn’t that kinda show you’re not really in it for the challenge? I mean, if the parlay hits, that would’ve made your day. And if it loses, that’s fine too since you already knew the risk. But when you cash out and it still wins? That’s where the real regret kicks in.

Many people bet mainly to feel the thrill of the game, even if they neglect that feeling and focus on the money. That's why they make this kind of decisions, they enjoy that stress. If that's the case and you know it, it is much better to be aware and accept that you gamble for fun, and act accordingly. And never let that thrill-seeking lead to make decisions that are too risky.

I think that I'm in between: I accept that I bet mainly for fun, but when I make a decision, for example in a multibet, it is final. What you say about cashing out and thinking what could've been if you didn't is too stressful for me. Much better to stick to the plan, for a greater peace of mind: at least, you did what you rationally thought since the beginning, and that's right even if it wasn't the best choice in hindsight.

[Dr.Bitcoin_Strange]

Well, this is like a regular method for me and I don't find it stressful in any way. If for example I stake on a single game of 2:00 odd and maybe I received a cash out offer while the game is still on, the amount offered will not be same as to when I staked on a parlay of 10 games which about 7 or 8 games has already played successfully, the reason that make me take cash out is if I lose confidence in the remaining games. The method is not challenging for me.

you wanted to take a risk in the first place so why not see it through? is probably what op thinks??? but you can only probably do that if you are not concerned with your money and you are still somehow wishing for some kind of miracle lol

Yea, I understand the OP's point of view but in betting you don't just keep bent to one direction even when you know that the end of it might not be favorable owing to the fact that in betting, situations can change rapidly, that's why even the bookmakers continually changes the odds of their game. If they (the bookie) are so sure of their own initial odds, why then do they continually change it while the game is live? So, all of these are something we should consider too, if I bet on a parlay and I have a strong confident that the game will play out, I will not take cash out but if the situation changes, I will definitely take cashouts too.

[livingfree]

When gambling is done for fun, which is the healthy aspect, anyone's play style is their own business. Some things might not always make sense in terms of EV but... The real question is why not. Maybe someone got bored of waiting and wants to cash out to pay some beers for his friends with profits.

Yes, it could be related to timing and that's why some chose to cash out even if some potential wins are still there.

It won't be hurt to get some beers or do something with that cash that's ready to be withdrawn. Even not getting the entire amount for the odd that's bet for.

An experienced bettor will choose the lesser risk and much more guaranteed profit.

[DaNNy001]

Interesting question, bettors have their preference, some prefer to combine a lot of games which is parlaying and others prefer to select just a few amount of games and stake a huge amount..as a bettor that's aiming to cashout it's better to go with a short bet slip.. parlays can reduce the value of your cashout but this doesn't mean that you can't get lucky to get a high cashout offer from playing parlays

[Russlenat]

parlays can reduce the value of your cashout but this doesn't mean that you can't get lucky to get a high cashout offer from playing parlays

It doesn’t work like that. Whether it’s a parlay or not, it’s still the bookies’ decision on how much they can offer, since they’re monitoring the game just as much as we are. If we see that the value they’re offering is good enough for us to decide to cash out, then that’s when we’ll take it.

But keep in mind, bookies use a system and they’re very good at calculating probabilities. If they offer a cash-out value that’s hard to resist, there’s a good chance your bet would have ended up winning.

[₿itcoin]

Look, you do not cash out early in a parlay to stay away from challenge, you do it to manage risk. Parlays act for the high outcome - high stakes caper in sports bet. When hardly some legs have won & the rest of them pop up kinda shaky, by cashing out you done up yourself with a gain rather than take a risk to win all in a long shot. so its not a copout, i will call it a strategic walk. So, in case you could afford the stress & dealing with it is fun, i prefer choose the max payout. However when you are anxious with winning & keeping it at that, then yeah cashing out is a good bet.