cash out is a hidden trap

[Finestream]

This is me noticing lot of bettors now treat cash out like a normal strategy.( correct me if im wrong)
For me, always using cash out is a bad habit, it feels like you’re not really confident in your pick and you don’t want to take the full risk.

I’ve read many topics about this, and some people even include cash out in their system but is that really a strategy, or just self-protection?

Cash out almost always favors the bookies. You rarely get full value. They control the amount, they lower it while the game is still open, and you end up taking less than what your bet could pay.

So if you’re always cashing out early, maybe it’s not risk management, maybe it’s just fear. And in the long run, that mindset helps the sportsbook more than it helps you.

What do you think, smart betting or just another trap?

[bitbollo]

Cashout on my view is just a tool like any other gambling tool. Moreover in most of the cases you can also "build" your own cashout option...

I can understand some issues (and some casino are clearly delaying or creating issue with this tool)
anyway this allow you to get an early payout but... this allow also many other things like to close early an event with a potential win.
it allow you to access to immediate cash (by refusing a small portion of your win).

[Yablee0]

What do you think, smart betting or just another trap?

Not every persons loves cashing out their games especially when they are sure their desired team can deliver. However, to me I learn cashing out my game's when I learnt one bitter lesson sometimes around last year, I will say the game was a sure bet just as they normally call it and truly it was but just as the game was about rounding up my team that I was hoping on later lost 3-2 to the other opposite team and made me lost  about $2k that I was about to take home and since that day I told myself that I will take the bowl by it horn .


Though cashing out in sports betting seem more like losing out your full potential win but in real sense I consider it my best option because a Bird at hand to me is worth more than a thousand in the forest that you're not sure off.

[crwth]

Isn't that a normal thing to do? You want to cash out because you want to stop or reap the profits^{(assuming you have it lol)}

It's definitely a case of psychological biases. The thing that you thought of as cashing out is

So if you’re always cashing out early, maybe it’s not risk management, maybe it’s just fear.

Fear, or in my interpretation, it's a lack of confidence ^{(based on what you said)}. It's definitely not that, and it could be your bias, but not everybody else's bias. It can be a smart move, you know.

[Finestream]

it allow you to access to immediate cash (by refusing a small portion of your win).

This is really the problem. When you cash out, deep inside you’re already doubting that your bet will win. That’s the main reason you do it, because you’re not confident anymore.

So what happens is, instead of getting your full potential win, you only get part of it. Then when the bet actually wins, you end up regretting it, because you were aiming for something bigger in the first place. I mean, who really wants to aim small?

For me, cash out only feels good when the bet actually loses after you take it. But when the bet wins, it just hurts.  

[stadus]

Fear, or in my interpretation, it's a lack of confidence ^{(based on what you said)}. It's definitely not that, and it could be your bias, but not everybody else's bias. It can be a smart move, you know.

That could be it, it’s really about lack of confidence sometimes. But it’s not something we can really plan in advance. I mean, if it’s a small amount, then it’s easy not to cash out, because even if it loses, we can live with it.

So here’s the best scenario I can imagine. What if you have a parlay with x1000 odds and you only bet $10. Now you’re already down to the last leg, and you can win big, but the casino offers you $8k cash out. I think almost anyone who’s not a high roller would be tempted to take that. Even me, probably. So it’s really hard to judge early. Experience will always tell you differently when you’re already in that situation.

[bitbollo]

Wrong. You can also use cashout for your bets.
Likewise If I gamble in underdog and he is winning... the odds get down -> I can cashout also if he doesnt win!
If I am in doubt I would not cash out.

Without cashout you had to edge your bet by gambling on the opposite side.... I hope this is clear as explanation...

it allow you to access to immediate cash (by refusing a small portion of your win).

This is really the problem. When you cash out, deep inside you’re already doubting that your bet will win. That’s the main reason you do it, because you’re not confident anymore.

So what happens is, instead of getting your full potential win, you only get part of it. Then when the bet actually wins, you end up regretting it, because you were aiming for something bigger in the first place. I mean, who really wants to aim small?

For me, cash out only feels good when the bet actually loses after you take it. But when the bet wins, it just hurts. 

[mitchr4]

I don't think cash out is a trap. There are times when cashing out just makes sense. Like when not sure about your bet or something unexpected happens in a live game that could ruin your bet. Cashing out at that point is the smartest way to save your money instead of losing it all at the end. The real problem isn't cash out itself, it's how people use it. If you're going to cash out, do it because it makes sense, not because you're scared. That one decision can make or break your bet.

[danherbias07]

What do you think, smart betting or just another trap?

I have to disagree because it can be a safety button too.

I think the "cash out" button saved me many times from losing the whole bet. You are right about not getting the full value of the win, but what if the bet loses in the end? Is it really just being weak/cowardly, or is it just the right instinct that made you realize that you should pull out your bet?

For me, the cash-out button is there for a good reason, and it's for someone who thinks that their team/player is going to lose as the game goes on because of circumstances that happened during the live game. There are times the odds don't react as fast as the live games, so it's an opportunity for a gambler to pull out his bet with some winnings glued to it. Sudden injuries, losing momentum, or the other team gaining more confidence. Those events can happen fast during live games.

[CryptoHeadlineNews]

This is me noticing lot of bettors now treat cash out like a normal strategy.( correct me if im wrong)
For me, always using cash out is a bad habit, it feels like you’re not really confident in your pick and you don’t want to take the full risk.

There is usually this popular saying that goes "A bird at hand is far better than a thousand birds in the sky", which implies that what you have at the present should be prioritize and value more than what you imagine in the future. Because despite the fact that casino don't usually give a reasonable amount during cash out, it still doesn't mean that if you were privileged to stake $10 on 15 multiple games to win $2500, and eventually 10 games have played and remaining just only 5 games left to be played and you got offered $500 as cash out. It's still a very huge some of money, which is far better than just losing everything. And that's the reason why in most scenarios, I always play a duplicate bet always, so that if I cash out one, I can still be able to leave the other to play til the end.

[Ziskinberg]

I think there’s nothing really wrong with the cash-out option. The real issue is timing. If someone is consistently profitable using cash-out, then good for them, they can say they found a working strategy. But truth be told, most of us don’t have that level of skill or discipline. You need to monitor games closely and time your exit properly, and that takes a lot of time and focus. It’s not for everyone. If you just want to gamble with less stress, it’s better to keep things simple. Personally, I don’t even think about cashing out. It just adds pressure and makes me overthink every move.

[Eternad]

It depends on how you view it but it’s an offer which is useful to get out if you are not confident to your bet anymore due to actual scenario of the game or if the remaining match on your parlay is already risky compared to what you will get guaranteed.

You will only feel it’s a trap if you avail it and suddenly the match won but what happened if the match lose?

Also, as if user are forced to use that feature in every bet. We are still in control whether we will use it or not so I doubt it’s a trap.

[Outhue]

This is me noticing lot of bettors now treat cash out like a normal strategy.( correct me if im wrong)
For me, always using cash out is a bad habit, it feels like you’re not really confident in your pick and you don’t want to take the full risk.

I’ve read many topics about this, and some people even include cash out in their system but is that really a strategy, or just self-protection?

Cash out almost always favors the bookies. You rarely get full value. They control the amount, they lower it while the game is still open, and you end up taking less than what your bet could pay.

So if you’re always cashing out early, maybe it’s not risk management, maybe it’s just fear. And in the long run, that mindset helps the sportsbook more than it helps you.

What do you think, smart betting or just another trap?

Why should anyone be confident in their picks when this all choices are based on luck? Cashing out on the mid way is a good choice at times before things go horrible wrong, have you asked how many times that gamblers are been saved from a disaster ending game because they cashout very early? They are many.

Cashout is a protection for gamblers who want to risk more than they can lose, although I don't advise this type of strategy as a gambler but I have seen people do this multiple times, every one is free to choose what works best for them, you don't have to prove why cashout is bad to anyone, I don't use it myself and I won't advice against it.

[swogerino]

This is me noticing lot of bettors now treat cash out like a normal strategy.( correct me if im wrong)
For me, always using cash out is a bad habit, it feels like you’re not really confident in your pick and you don’t want to take the full risk.

I’ve read many topics about this, and some people even include cash out in their system but is that really a strategy, or just self-protection?

Cash out almost always favors the bookies. You rarely get full value. They control the amount, they lower it while the game is still open, and you end up taking less than what your bet could pay.

So if you’re always cashing out early, maybe it’s not risk management, maybe it’s just fear. And in the long run, that mindset helps the sportsbook more than it helps you.

What do you think, smart betting or just another trap?

That depends on the point of view and for some people maybe it is true. For me though it is quite the opposite, the cash out option is very good as it can save you for merciless last game loses which can be devastating. Imagine you have gotten right 9 out of 10 games in a parlay and you let the last game run which result in the losing of you ticket, that is something you don't recover that easily and your confidence goes down dramatically. It happened to me a couple of times and for me it was so bad that I started copying other people bets and using that cash out option massively whenever I had the chance. The best thing for a gambler who is not sure of himself or has seen his confidence crushed by a last game loss is surely that cash out option and I think it is against the bookies. Sure you get a bit less money but you have a choice to get it.

[TopTort777]

For me, always using cash out is a bad habit, it feels like you’re not really confident in your pick and you don’t want to take the full risk.

You bet on a favorite in game/match or your favorite team or athlete, and you see it is being destroyed by opponent from the very beginning. You can obviously lose your bet (or a miracle can help you to win), or you can cash out and save some money. Where in this example a person is not confident in his pick? A person was confident until event has started, stats showed his bet will win, intuition showed he is right with his bet, but from the start everything started to go wrong. I would say that his is a smart move to cash out instead of watching and waiting until you lose your bet. What do you think?  

[Findingnemo]

~
What do you think, smart betting or just another trap?

It is a conservative option, I have been given an option to leave with half the potential win that is guaranteed but if I ignore and go through the risk then I might win it full or lose it half so for me I will take the half and leave with no regret at all that is smart for me and for others it may not be.

It is everyone's individual choice and it is a strategy from casino to reduce their bankroll from getting wrecked if the player got lucky so it's not a trap but almost win win for both sides.

[iBaba]

What do you think, smart betting or just another trap?

Not every persons loves cashing out their games especially when they are sure their desired team can deliver. However, to me I learn cashing out my game's when I learnt one bitter lesson sometimes around last year, I will say the game was a sure bet just as they normally call it and truly it was but just as the game was about rounding up my team that I was hoping on later lost 3-2 to the other opposite team and made me lost  about $2k that I was about to take home and since that day I told myself that I will take the bowl by it horn .


Though cashing out in sports betting seem more like losing out your full potential win but in real sense I consider it my best option because a Bird at hand to me is worth more than a thousand in the forest that you're not sure off.

I have a friend who faced a similar situation like yours. He was betting between his team and the opponent who were playing against his team on an away. His club was winning to his own prediction from the first half of the game and barely about 15 minutes to the stoppage time they lost the match to the other side who were playing away with them and my friend’s mood changed immediately from being the most happiest guy in the room to the saddest.

I thought what happened that made him so sad was more of the outcome of the game unknowingly that he has placed a game he almost cashed out but thought he should let it get to the end so he can withdraw his full reward which ended in more disappointments and lost of resources. Since that day, I’ve also learnt that it is not all cash out decisions that are done out of fear but some cash out decisions are truly necessary and timely at that.

[blomen]

like everything else in casinos, the cash out option also has an advantage that benefits the casino. this advantage isn't a bad thing, because when you place a bet, you're already willing to give a certain amount of money to the casino. the odds are never in the customer's favor anyway. i think the “availability” of cash out or other options is a good thing, because whether we use them or not is entirely up to us. even if i know i won't get a fair amount of money if i give up on my bet, i'm fine with being given the chance to get that money. i see it as an extra right.

[_act_]

Cash out is not an hidden trap for me.

I do not make use of it unless it is a long parlay. If it is just a bet with one or two matches, I do not make use of it.

It is good to know that cash out should not be a strategy like you said, it is only existing for gambling sites to gain more money from people. When a match is not favoring you, the money left to cash out is not favoring also.

[Cointxz]

You can be on advantage by using cash out so I don’t consider it as hidden trap. Even though if you use it on match that won afterwards you still get a guaranteed profit or cut loss by the time that you are scared to play through.

The problem is not about the cash out rather the way you place bet by not 100% sure to play the game.

You will only consider cash out if you are in doubt.