Why has bookies not automate the same feature they enabled?

[Dr.Bitcoin_Strange]

I don't know if anyone have previously or recently brought this topic up for discussion but if it already exist, please point it out so I can lock this one.

For the sports bettors in the house, I believe that you are already familiar with what cashout means in sports book, for those that doesn't know or doesn't use the option, cashout is an option in bookies that allows bettors to settle their bets even before the game ends.
Instead of you to be waiting for the final result of that game, the bookie would offers you an amount of money based on how your bet is currently performing. You could cashout out less than the amount you staked or above the amount you staked but not above your potential win.

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

[Frankolala]

They wouldn't automate it because it's not a most for you to cashout but optional. A gambler might choose not to cashout because he has confidence in his bet or he's gambling with the amount of money that he can afford to lose. If you want to cashout, you go for it yourself. What if it's automated and did the cashout for you when it's not of your will. It will be a disadvantage to both parties.

[Charles-Tim]

Gambling is not trading at all, it can not be automated. Even in prediction market that is more decentralized, it is not  automated. You have to be the one that will manually do it. The same thing goes to prediction markets, you also have to manually do it.

Would it not be an advantage, gambling will still be what it will be. That can not encourage those that do not want to use cash out. I have not seeing a reason cash out be automated.

[PX-Z]

..
So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

I think cash-out option is already automated by them or something like algorithm its for you to accept or not, say if your bet has higher chance to win so they will automatically offer cashout something like higher %% from your bet, and lower than your expected to win, it's a win-win situation for you, but you will feel regret if you end up winning and then accepted the cash out offer. And it's fair decision if you accept the offer yet your bet losses.

It's also the win-win situation for the sports bookies especially if it end up like the first example and still fair result even if the second example happens.

[Dr.Bitcoin_Strange]

I understand what you have all said but actually the reason I decided to create this topic is because lately I missed a cashout due to my absence at that moment. I was busy and unable to take cashout on that paraly before the game finally ended in lose. Had it been the bookie had an option where I could set the desired cashout amount that I want, definitely I would not have lose the bet because it would have automatically close the bet for me after reaching the price I set it to activate.

[CryptoHeadlineNews]

I don't know if anyone have previously or recently brought this topic up for discussion but if it already exist, please point it out so I can lock this one.

For the sports bettors in the house, I believe that you are already familiar with what cashout means in sports book, for those that doesn't know or doesn't use the option, cashout is an option in bookies that allows bettors to settle their bets even before the game ends.
Instead of you to be waiting for the final result of that game, the bookie would offers you an amount of money based on how your bet is currently performing. You could cashout out less than the amount you staked or above the amount you staked but not above your potential win.

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

Do you mean to automate the process whereby it automatically cash-out when it reaches a certain amount just like the limit order on Spot trading? Because to be frankly speaking, if that is enabled, it will be a welcome development into the gambling industry, as lots of people will not be losing that much anymore just like now that a person might be offered a very huge cash-out after 8 of his games have played out of 10, and remaining just 2 to be played, and if the remaining 2 doesn't play as predicted, he or she will end up losing everything. But in a nutshell,if this cash-out feature is automated, it will definitely have its positive and negative sides, because imagine if your prediction eventually plays as predicted and your game had already automatically cash-out long time ago, you will notice that you will end up losing the entire potential winning you were meant to win. So it's literally a two way thing. But it won't be a bad idea if implemented.

[yahoo62278]

I don't know if anyone have previously or recently brought this topic up for discussion but if it already exist, please point it out so I can lock this one.

For the sports bettors in the house, I believe that you are already familiar with what cashout means in sports book, for those that doesn't know or doesn't use the option, cashout is an option in bookies that allows bettors to settle their bets even before the game ends.
Instead of you to be waiting for the final result of that game, the bookie would offers you an amount of money based on how your bet is currently performing. You could cashout out less than the amount you staked or above the amount you staked but not above your potential win.

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

They only offer the option before the game starts or if you are winning your bet mainly. They hope you take the cashout and they save a few dollars. If your bet is losing, the cashout option is either gone or super low where you take a massive loss.
I'm not sure the exact conditions that makes them remove the ability to cashout but it is usually when you are behind on the bet from my experience.

[Nwada001]

I understand what you have all said but actually the reason I decided to create this topic is because lately I missed a cashout due to my absence at that moment. I was busy and unable to take cashout on that paraly before the game finally ended in lose. Had it been the bookie had an option where I could set the desired cashout amount that I want, definitely I would not have lose the bet because it would have automatically close the bet for me after reaching the price I set it to activate.

That's a good idea, but I don't see it as something that is necessary since there are options that could help you indirectly for that same purpose. Since you are not forced to play a certain number of games in a parlay, you could also reduce the number of games you compile if you can't monitor all of them together so that you don't need any auto-cashout to do the job for you, or you make use of providers that allow the option of paying winnings up to a certain amount each time you only lose one or two among all your selected games. There are also options like that; bookies won't want to add automated cashout like we have in some slot games.

[lodocus]

I think this could be a feature for these casinos, but if you’re going to automate it, I don’t think it would really count as a cash-out anymore. For example, let’s say you have a $100 bet, and if it wins, you’ll get $200. But you want the cash-out option to trigger automatically once it reaches $150. It’s not entirely illogical, but it seems unnecessary. Because then, what’s the point of placing the bet with the potential to win $200? Doesn’t it seem like you’ll only be able to win a maximum of $150 anyway? Except for extreme cases, a bet will likely hit $150 before it reaches $200.

[Findingnemo]

~
So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

You mean setup the criteria when to cash out? That means everyone will do that and cashout, so the players never lose, even if they leave with little rewards than the potential which means the bookie will lose in the net value that is the reason why we don't have a feature to cash the bets out automatically when you think that you got no chance to win that bet anymore.

[Upgrade00]

If there's enough demand for it, I think bookies will add it to their features. I would not mind having the option to automate the cash out, they could have multiple triggers like cash out if the game is winning at half time or the 75th minute or at any point in the game when the pick plays. If the user is active at the time they can always disable the automation.

I don't think there is enough demand from people for bookies to implement it. Most people will always feel that they could win more money and will hesitate to lock the cash out in.

[swogerino]

They can offer an automate feature like if a parlay ticket is right 6 out of 9 games, they could add an option that the gambler should choose as "auto cashout" when this condition is fulfilled otherwise it can remain in the gambler hand what to do with that bet. This feature is not yet enabled, most casinos offer an optional cash out option that is only active for example when the bookies predict that your ticket has a high chance of being a winning ticket compared to the remaining games you may have in that ticket. I agree an automation of such choice that you choose prior to place your bet would be a great option to be added to sport bettors.

[Alphakilo]

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

If the bookies automate the cashout options for a sports bettor, that would mean they ended the opportunity of a big win probably, for those who believe in waiting it out until the final results, but if the sportsbettor could use an automated cashout feature at a certain percentage it could make sense.
Also, some sportsbettors don't take the cash out because they don't follow up on the live results but just log in after all games must have ended to see if they were lucky, so automation of cashout might mean the sportsbook didn't want to spend more money to pay out winners or they want to lose more funds and be soon out of business, because not all cashout options linger till the end and imagine paying cash out to everyone that made a bet without a clear shot at winning or losing.
It would definitely be a disadvantage financially and customer wise, to the bookies, if they automate the cashout options.

[Btcdeybodi]

I understand what you have all said but actually the reason I decided to create this topic is because lately I missed a cashout due to my absence at that moment. I was busy and unable to take cashout on that paraly before the game finally ended in lose. Had it been the bookie had an option where I could set the desired cashout amount that I want, definitely I would not have lose the bet because it would have automatically close the bet for me after reaching the price I set it to activate.

Lol, you want gambling to be like trading where you do a stop loss? such feature cannot be automated in gambling and even if it should be, it's not the duty of the bookies to automate a cash-out, it's the gambling company that will do that. Bookies are only concerned in publishing odds and not to influence any outcome of a bet. Maybe some casinos might considered automating the cash-out feature but i doubt because many people will actually be making several winnings in the sense that as some as a cash-out approaches an amount that you set for yourself it automatically redeem by itself unlike when you will be thinking whether to cash-out or not.

[$crypto$]

How is it possible to automate the cashout feature option if the bettor does not want to, this is only an offer by the bookies, the decision is still in the hands of the bettor whether they will do it or not.

That for me the bookies will not lose with any feature because this has all been designed in such a way as to benefit the bookie while the bettor can only take this option if it is available, but so far the feature you are referring to does not exist in any casino that has a sportsbook.

[Moreno233]

When yiu talk about automating the cashout option, consider the possibility of effecting it and if it has any advantage or not. On the basis of feasibility, I don't see it working because the odds as well as the amount offered for cashout are constantly changing as the match is ongoing which makes automating the system extremely difficult. To compensate for this, the casinos brought partial cashout to enable the player take some money off the bet before it is settled completely. On the aspect of the advantage, automating the cashout does not really hold any serious advantage to both the casino and the player. Hence, I think the system is fine as it is now.

[Hispo]

...

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

I think it would defeat the purpose of betting in sports of those options were set in some automatical way.
Cashing out are similar to stop losses in trading, they are supposed to be set up specifically by the trader/bettor intentionally.
If the bookie took the liberty to take that freedom off the bettor, then betting would not be the same, it would not be so interesting as it is. Besides, there are a lot of people who do not like to cash out, they go for all or nothing, there are not middle grounds to them.

Though, if there was a way for bookies to earn money from automating cashing out, they would have implemented it already.

[Cantsay]

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

If they were to automate this process, it would put them at a disadvantage. Imagine allowing gamblers to set some parameters, like at what point in time the game auto cashes out, and when to let it play till the end. So many people are going to use it to reduce the losses they would have incurred if they were offline during the period the platform offered the cashout option to them.

I think flexible betting is the closest any bookie is going to give and then allow users to still get some money even if all their bets don't go as planned.

[Chinesebaby]

I don't know if anyone have previously or recently brought this topic up for discussion but if it already exist, please point it out so I can lock this one.

For the sports bettors in the house, I believe that you are already familiar with what cashout means in sports book, for those that doesn't know or doesn't use the option, cashout is an option in bookies that allows bettors to settle their bets even before the game ends.
Instead of you to be waiting for the final result of that game, the bookie would offers you an amount of money based on how your bet is currently performing. You could cashout out less than the amount you staked or above the amount you staked but not above your potential win.

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

This is a very good feature if implemented on casinos in general, whether crypto or fiat casino. As it will help save the number of loses gamblers make daily when all their predictions doesn't go as predicted after the entire 90 minutes of the game. But however, I think the reason why this feature has never been enabled is the fact that it seems there have never been much demand for it all this while among the gambling community. And now that their seems to be an interest in this feature,  will be glad if all the casinos on this forum can consider implementing this feature on their respective casinos in the next 1year from today. Because this is another marketing strategy which new gamblers will love to explore.

[Versatile_choice]

So, the main question is that, why does bookies not automate this option. Would it be a disadvantage to them if they allow it?

Yes, it could be a disadvantage to the bookies and also an advantage to them because some gamblers tend to make cash out due to fear or lack of confident, and after that the game would play just as Predicted. While sometimes gamblers might decide not to cash out due to the confident they have in the game but at the end the game will not play as they expected so if cash out is been automated it would affect the bookies and also the gamblers but I feel that cash out is supposed to be make optional because not everyone that can wait to get the full potential return if at all they will even get it.