Cashout as a strategy

[suzanne5223]

Based on experience, and the bookmaker commission for closing the betting early. I think the cashout strategy is never a good strategy for gamblers, and ever since i learn that the betting i closed early always comes to be a winning bet if i choose to leave till the match ends. I have always chosen to clear my mind whenever i bet on a game, and see cashout as no option.

[Agbe]

Based on experience, and the bookmaker commission for closing the betting early. I think the cashout strategy is never a good strategy for gamblers, and ever since i learn that the betting i closed early always comes to be a winning bet if i choose to leave till the match ends. I have always chosen to clear my mind whenever i bet on a game, and see cashout as no option.

I don't like pressing the cash out button when betting instead I like the full risk. If I loss let it be and of I will all glory to God and my patient. Impatient can also made some gamblers to cash out before time. Casinos are also using the cashout option to reduce the full pay you if the gambler win the bet. And if such happened, and the amount to win is big, the gambler would be very much angry and sometimes they cry. Gamble what you can afford to loss and take the risk to complete the bet.

[Patikno]

Personally, I believe cashing out can only be used as a strategy for gamblers who can accept the consequences. This strategy is only suitable for gamblers who are easily satisfied, even if they lose a portion of their winnings. However, for gamblers who can't tolerate this, this strategy will have a detrimental effect on them. This recently happened to a friend of mine. He couldn't accept not receiving his full winnings. Initially, he was hesitant to cash out, but then he tried to convince himself to do so. After some time, he changed his mind (feeling dissatisfied), and then tried to find a way to get the winnings he should have received. Instead of seeking a profit, what he ended up with was a total loss.

Well, I know my friend gambling way wasn't good, and it seemed like a gambler chasing losses too much, but what we need to learn is the "Impact of cashing out", and you should accept the consequences of your decision when cashing out. If you are not ready to do it, then you better not, because it will have a bad impact on you, just like what happened to my friend.

[Muba20]

The cash out feature is good advantages for the gambler but sometimes this feature becomes one of the reasons for the gambler's discomfort. The gambler often worried whether he will cash out or not. Sometimes the gambler loses after cashing out and sometimes he loses without cashing out. Those who can use the feature correctly benefit from using it. If someone wants to reduce the risk of their betting, this is a safe strategy for him. Although in this case, the bookmakers try to profit more from the gambler. Because even though they are ahead in betting, there is not much return given in the case of cash out, which is why most of the time gambler become confuse.

[Z_MBFM]

At some point in gambling, being conservative to taking near winning cash out is far better than a total loss of your entire bet, from what you explained, if your team is winning. You are at 80% play time, but your top player got kicked out, at the point the bookmaker will start lowering your total available cash out amount since your risks of conceding goals are increasing.
It is left for you to either take the risk to wait for your total payout, or possibly lose out on all, is left for you to decide as a bettor. But for me, I will definitely cash out unless I am already 2 or more goals ahead in the match.

In fact, no one can say which bet he will lose and which bet he will win, so cashing out is not always a good decision. However, if someone gets the opportunity to cash out an amount that he can be satisfied with, then in that case it is better to cash out without taking the risk. However, many times it is seen that the amount of cash out that is given is 20-30% of the original bet amount, then cash out should not be done because we know that gambling means risk and bets are placed according to that risk, so in that situation, one should definitely take the risk. However, if the offer is 2x or more of the bet amount, then one should think about cashing out.

[Kelvinid]

Based on experience, and the bookmaker commission for closing the betting early. I think the cashout strategy is never a good strategy for gamblers, and ever since i learn that the betting i closed early always comes to be a winning bet if i choose to leave till the match ends. I have always chosen to clear my mind whenever i bet on a game, and see cashout as no option.

I don't like pressing the cash out button when betting instead I like the full risk. If I loss let it be and of I will all glory to God and my patient. Impatient can also made some gamblers to cash out before time. Casinos are also using the cashout option to reduce the full pay you if the gambler win the bet. And if such happened, and the amount to win is big, the gambler would be very much angry and sometimes they cry. Gamble what you can afford to loss and take the risk to complete the bet.

All are just saying, "Just gamble the amount that we can afford to lose." But see what happens? Most gamblers are in debt. They are not gambling with their personal money, but they are borrowing to sustain their addiction. Because instead of making ourselves enjoy it, we are cursing it.

In gambling, we don't know how to control ourselves, and we no longer find enjoyment. Many gamblers become lucky and win big, but because of their greed, it turns into nothing, and they go home empty-handed.

[Africolo]

The first thing you need to understand is that the bookmaker charges an implicit commission for closing early. The amount they offer will always be less than the actual probability of your bet winning at that moment. In short, we accept an unfair payout in exchange for eliminating risk.

The strategies I would recommend are:

1- You bet on a team, they're winning, but their best player gets sent off and the opposing team is laying siege to their penalty area.

2- If you only have a few minutes left and the profit is already 80% or 90% of the total prize, sometimes it's not worth worrying about that remaining 10%.

3- Don't act out of nervousness. If you do this systematically, you'll lose money in the long run.

A good exercise is to note down how much you would have earned if you hadn't cashed out for a month. If the figure is much higher than your actual earnings, you're being too conservative.

As a good gambler it perfectly find to take big risks for bigger wins but at the same time instead of loosing everything at the longrun it's better off you take the cash out that is shown to you than loosing everything, what I do most times is to monitor my games and once I see any possibilities that I won't win it and I'm showed cash out I immediately collect as long it's higher than the amount I staked the bet with I'm good to go.

I had an experience once that I was shown 80,000 naira out of 120,000 naira and I refused to cash out hoping I will win it all and I lost at the end and regretted why I didn't cash out the 80,000 naira, since the chances of winning is 50/50 once I see a reasonable amount I do cash out. Gamblers that are very satisfied with the little amount of money they win are the ones that cash out which I happen to fall under that category, such risks I don't take once I see a tangible amount I cash out immediately.

[leonair]

At some point in gambling, being conservative to taking near winning cash out is far better than a total loss of your entire bet, from what you explained, if your team is winning. You are at 80% play time, but your top player got kicked out, at the point the bookmaker will start lowering your total available cash out amount since your risks of conceding goals are increasing.
It is left for you to either take the risk to wait for your total payout, or possibly lose out on all, is left for you to decide as a bettor. But for me, I will definitely cash out unless I am already 2 or more goals ahead in the match.

In fact, no one can say which bet he will lose and which bet he will win, so cashing out is not always a good decision. However, if someone gets the opportunity to cash out an amount that he can be satisfied with, then in that case it is better to cash out without taking the risk. However, many times it is seen that the amount of cash out that is given is 20-30% of the original bet amount, then cash out should not be done because we know that gambling means risk and bets are placed according to that risk, so in that situation, one should definitely take the risk. However, if the offer is 2x or more of the bet amount, then one should think about cashing out.

The opportunity to cash out 2x is not always available. The issue of cashing out is effective when it is seen that there is a certain loss. So it is not bad to get some money back than to lose the whole money. I disagree with you on one point that is that 20-30% money is also a big thing. It cannot be ignored. It is possible to win even bigger with this money by cashing out this amount. So if it is seen that my loss is certain, then isn't it a good opportunity to cash out that amount and get the opportunity to bet on it again? I take the issue of cashing out quite seriously because it works well many times and gives us a lot of good opportunities.

[Mr Reporter]

Based on experience, and the bookmaker commission for closing the betting early. I think the cashout strategy is never a good strategy for gamblers, and ever since i learn that the betting i closed early always comes to be a winning bet if i choose to leave till the match ends. I have always chosen to clear my mind whenever i bet on a game, and see cashout as no option.

I don't like pressing the cash out button when betting instead I like the full risk. If I loss let it be and of I will all glory to God and my patient. Impatient can also made some gamblers to cash out before time. Casinos are also using the cashout option to reduce the full pay you if the gambler win the bet. And if such happened, and the amount to win is big, the gambler would be very much angry and sometimes they cry. Gamble what you can afford to loss and take the risk to complete the bet.

Well this statement where you said you don’t like pressing the button of cash out when you are betting….to me I feel if a preson cash out his bet on time just because he want all the money I feel that more of greedy people well it even more greedy because you might get at the community and still lose….well as for me i feel pressing the cashing out button is really not bad, some might still want to correct so please am…

[Mate2237]

There is nothing wrong with cashing out because, from my personal view of this cash out stuff, if you look carefully it better you cash out no matter the amount given to you if the amount is more than your stake.Greed is one thing that makes people not to cash out when the amount of money the casino is given is more than the stake. One thing that has been emphasized on this forum has been that gambling is for the purpose of enjoyment and Entertainment.




Gambler's should not be too greedy and take what ever that the Casino is offering, because the essence of cash out option was for those who can't wait for all the games in a bet slip to finish before collecting money. And also to avoid regrets due to loses which may arise in a game.

[Wapfika]

There is nothing wrong with cashing out because, from my personal view of this cash out stuff, if you look carefully it better you cash out no matter the amount given to you if the amount is more than your stake.Greed is one thing that makes people not to cash out when the amount of money the casino is given is more than the stake. One thing that has been emphasized on this forum has been that gambling is for the purpose of enjoyment and Entertainment.




Gambler's should not be too greedy and take what ever that the Casino is offering, because the essence of cash out option was for those who can't wait for all the games in a bet slip to finish before collecting money. And also to avoid regrets due to loses which may arise in a game.

It’s true that taking cashout is not a bad idea since it was introduced due to the gambler demand to take profit in case they want to risk the profit they already earned through the bets that already settled as won on their parlay.

The struggle between taking or not gives the major debate to this feature which shouldn’t be a big deal if we will just accept both outcomes depending on our decision.

There’s no wrong or right decision to take cash out. Taking profit is always a good idea rather than losing it all.

[Questat]

There’s no wrong or right decision to take cash out. Taking profit is always a good idea rather than losing it all.

You have to understand that cash out isn’t only there for taking profit. Sometimes it’s offered to minimize losses, not to maximize your winnings. So it doesn’t always work the way people expect.

The problem is when it starts affecting our mentality. If we get used to using cash out all the time, we might think we’re avoiding losses by doing it. But the outcome isn’t always what we expect. What if the bet was supposed to win but we got scared and cashed out early? In the end we might just blame ourselves for it.

[AmoreJaz]

There’s no wrong or right decision to take cash out. Taking profit is always a good idea rather than losing it all.

You have to understand that cash out isn’t only there for taking profit. Sometimes it’s offered to minimize losses, not to maximize your winnings. So it doesn’t always work the way people expect.

The problem is when it starts affecting our mentality. If we get used to using cash out all the time, we might think we’re avoiding losses by doing it. But the outcome isn’t always what we expect. What if the bet was supposed to win but we got scared and cashed out early? In the end we might just blame ourselves for it.

If you have the feeling that you have the advantage to get some profits even if the game is not yet over, then, do it. Because every game has no assurance and so, much better if you can take advantage of it even with small profits. Because in some cases, pushing your luck up until the end, will cost you all of the possible profit because you can easily end up losing all that chance in one failed match from the line-up.
I've done such move if I know that I am not very sure with the next match and I am seeing that at least I already have some profits. So the effort is not totally wasted.

[xenomorfo]

I have calculated the strategy of withdrawing funds per month, I think as long as I do it more or less two months, it seems that I do not have a Conservative view or attitude in the world of gambling, that is the ideology and I do not need to defend it.

As long as I carry out strategies for withdrawing money in online gambling, I actually get things that don't make sense to me, try to get minimal monthly income.
In short, I carried out gambling activities with the balance I spent, but the profit I got was only 20% of the winnings, meaning the profit was smaller than the capital spent.

It doesn't make sense, in my opinion. This is impossible, also because gambling requires luck. It's not just a question of skill or strategy.

Try it, I'm not saying it's impossible, try it, but be aware that it might not end the way you think.

[davis196]

1- You bet on a team, they're winning, but their best player gets sent off and the opposing team is laying siege to their penalty area.

2- If you only have a few minutes left and the profit is already 80% or 90% of the total prize, sometimes it's not worth worrying about that remaining 10%.

3- Don't act out of nervousness. If you do this systematically, you'll lose money in the long run.

1.This is what most gamblers do, when they watch a game. If there's a possibility for their team to lose at the end, they cashout before the end of the match. This is the main reason why the cashout feature was introduced by most sports betting platforms. It gives flexibility, but it comes at a cost.
2.This also applies to the first situation.
3.This is pretty self-explanatory. If the gambler isn't nervous or panicking, he won't cashout before the end of the match. Fear and panic are the worst advisor.
I also do believe that the furious competition between the bookies would soon cause most sports betting platforms to remove the cashout fee, making the cashout feature more affordable for the sports bettors.

[Cityhunter34]

I’d rather go with the 2UP option than cash out. There are casinos that offers some options whereby a player can actually take home part of the winning price even when one or two games goes bazaar. Although the amount would also be reduced but not as much as when you go ahead to cash out a game that you could’ve ordinarily won if you had some more patience and confidence in yourself.

Can remember how many times I’ve taken the cashout options which I eventually ended up regretting. These experiences has made me to decide that I’d never opt for the cashout option no matter what the game might look like, even if game feels like it’s gonna be destroyed in a space of minutes and the only option were to be the cash out option  I’ll simply let the game play and see how it eventually ends.

That is exactly my decision too. Honestly, this is the best decision because there is nothing bad than seeing yourself losing a huge amount because of cashing out in die minute, no matter any condition you find your bet never in any way think of cashing out, just zero your mind and have patience after all gambling is not a reliable source of income. So we should try as much as possible to gamble responsibly with small amount because most times we often get carried away by cash out due to fear of losing big amount.

[Somegory]

Based on experience, and the bookmaker commission for closing the betting early. I think the cashout strategy is never a good strategy for gamblers, and ever since i learn that the betting i closed early always comes to be a winning bet if i choose to leave till the match ends. I have always chosen to clear my mind whenever i bet on a game, and see cashout as no option.

I don't like pressing the cash out button when betting instead I like the full risk. If I loss let it be and of I will all glory to God and my patient. Impatient can also made some gamblers to cash out before time. Casinos are also using the cashout option to reduce the full pay you if the gambler win the bet. And if such happened, and the amount to win is big, the gambler would be very much angry and sometimes they cry. Gamble what you can afford to loss and take the risk to complete the bet.

Not bad, but people who takes their profit before the game ends are smarter, they understand what "half bread is better than none" means, atleaste they don't walk away empty handed and this habit is better than waiting for the game to end when you can actually end up with nothing, but I understand you, everyone have their own risk tolerance so we all can't do things the same way.

[Cointxz]

Not bad, but people who takes their profit before the game ends are smarter, they understand what "half bread is better than none" means, atleaste they don't walk away empty handed and this habit is better than waiting for the game to end when you can actually end up with nothing, but I understand you, everyone have their own risk tolerance so we all can't do things the same way.

Not always true but you’re not wrong on this opinion. My take on this is you shouldn’t place a bet that you can’t afford to lose so that you will not use the cash out button whenever they offer you a slight profit.

I do understand that some people can’t handle risk but there’s also gambler like me that it’s okay to lose my bet since I want to make my bet to conclude since that’s the purpose why I bet.

We have different opinion on how we handle risk so there’s no wrong answer here on how you use cash out.

[Agbe]

Not bad, but people who takes their profit before the game ends are smarter, they understand what "half bread is better than none" means, atleaste they don't walk away empty handed and this habit is better than waiting for the game to end when you can actually end up with nothing, but I understand you, everyone have their own risk tolerance so we all can't do things the same way.

Not always true but you’re not wrong on this opinion. My take on this is you shouldn’t place a bet that you can’t afford to lose...

That is the main point here. Before a gambler bet a game, he must have determined from his heart that he most win the game and if the bet cut, he would take it. Though I am not saying it is bad to take the percentage that appears to cashout but if you cashout and the full game played, what will you feel? It would be painful so why can't we risk the game at onse.

[Webetcoins]

Sometimes I apply that to do a cashout. The last minutes can sometimes be frustrating when our bet turns around. But the key to applying that advice is to consider the right timing. If the timing is too early, even if we win, the offer from the bookmaker will not be good enough. Maybe only 50%-60% of the total winnings should be. 
Whereas when it is very close to the end of the match, the betting site may lock or close the cashout option. We have to consider and calculate the timing well.

Indeed. Hedging your bets is not a bad idea.

I don't cash my bets, but I do place counter bets to hedge against the loss. For example, if I have under 200.5 runs in a cricket match. Later, the market drops to 180 runs, then I will bet over 180.5 some amount. This way I can't lose both the bets but there is a chance to win both if the final score is between 180-200.

Some bookies also offer extra markets: if the normal line is 180.5, they might offer 2.5x for over 190, which you can use to hedge as well.