Why has bookies not automate the same feature they enabled?

[promise444c5]

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.

What you’re describing isn’t direct automation, it’s a feature although the cash-out implementation will eventually be automated by the Casino. Something like having  a setting for your bets where you can set an auto accept cash-out at a specific price or timing you set for each bet.

I’m not sure if Casinos on the forum offers that but you can always ask support to get a clear answer regarding it.

[Odusko]

For a casino, cash out is more unnecessary and a lose for them more than it isa plus for the overall gambling business, this is why they can never accept that, and cash out is more of an advantage to the gambler than it is to the casino, just making things fair for those who do not have the balls to wait until the end of the game. So cash out will remain at the discretion of the gambler.

[Muba20]

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.

Yes, they will never do this. Because it has more disadvantages than advantages for both side. There are many gamblers who are very confident about their bets. They stick to their bets until the end. Therefore, if you do it automatically, you may get cashed out before it is completely finished at different times.  Also, if you give automatic cash out, uncontrolled chaos can be created in various areas. Because there are many gamblers who keep repeating small wins over and over again. And they keep cashing out small profits. On the other hand, big gamblers stick to their bets until the end. As a result of automatic cash out, the cash out system of these two types of gamblers is always manual, so that it never goes wrong, so the bookies do not make it completely automatic.

[Samlucky O]

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?

Well I don't think there is no gambler that doesn't know what cashout Option is. Every gambler must have been awear about that option except for those who are new to Gambling. Cashout Option is very good but bookie can not automate it. That will be a big loss to the company because many people will win always, and the casino is making money from loses. Well automating cashout will not work because it's a matter of individual differences, everyone will not like to cashout at thesame time. My cashout time and yours can not be thesame that's why automating it will not work.

[Bitcoin.com97]

They cannot do that because they will be at loss, and not everyone will want to cashout no matter what , for instance I don’t like cashing out, so if it’s automated , I will not like it , them many still trust their games and many may not want to cash out too , and I think it will be more disadvantage to them , since loses are more than winning, if few games has already won and they decided to settle peoples with the once that has already played and at the end it  still cut , the loses will be on them , so it’s not even adviceable for them to put such idea into consideration.

[rbynxx]

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

Why would they automate something that will break a rule for their bettors? If they automate it they'll be labelled unruly for that because there's no way they will know how much you'll really want to cash out in the first place. Well, it could be done but there could be some options that will trigger the outcome. For example, if the odd is x2 and you wanted to cash out early at 1.75x from your bet it will be automatically cashed out but keep in mind this could only be done before the game starts. I think they are doing it manually to respect the bettors. Been seeing that early cash-out option from most bookies nowadays but I know it's manual.

[Agbamoni]

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 fail to mention that cash out is an option offered by the bookies to the bettor. The bookies can't automate cashout because it is not their decision to make, but that of the bettor. What they can do is to provide a feature where bettors can set an automation for cashout. If the offer reaches a particular amount, the bet should be closed, whereas taking the available cash out offer at the moment.

[GeorgeJohn]

For a casino, cash out is more unnecessary and a lose for them more than it isa plus for the overall gambling business, this is why they can never accept that, and cash out is more of an advantage to the gambler than it is to the casino, just making things fair for those who do not have the balls to wait until the end of the game. So cash out will remain at the discretion of the gambler.

Do not think that gambling platforms do gamblers favour by providing the options of cash-out, sometimes the cash-out they will give you is not up to the amount used to stake the bet, Sometimes cash-out is been determined by total numbers of matches that played according to our predictions...the amount they give to cash-out is always been small and sometimes when you cash-out all the remaining games will play, so if the games play after you have cash-out, you and casino gambling platforms which person that the advantages is higher than the other.

[EluguHcman]

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

The cash out option can not be automated because it is an option that is left for the bettor to decide. So the bookie would not know that in the hell mind of the bettor.

Like you pointed out, cash out is only an interest when the bettor has opportunity to make significant profits while the game(s) is still on and not concluded yet.

So the question is... What is the significant amount and how do you think the bookie will know the opportunity option that catches your attention? Definitely null.
So instead of this strategy to be automated, it will remain manual to give the bettor that privilege to decide.

[mcdouglasx]

For a casino, cash out is more unnecessary and a lose for them more than it isa plus for the overall gambling business, this is why they can never accept that, and cash out is more of an advantage to the gambler than it is to the casino, just making things fair for those who do not have the balls to wait until the end of the game. So cash out will remain at the discretion of the gambler.

This benefits both parties to certain extents, depending on the conditions. It's not like the casino gives you that option simply because they're nice; they do it to recoup larger losses. It benefits the player if their withdrawal is successful, but if the opposite happens, it benefits the casino. On the other hand, I think automating it, or perhaps programming an automatic cashout under certain conditions, is a good idea. The closest thing I know is auto-cashout, but generally, there are conditions that apply in real time because not all bets are the same, nor are the conditions. Besides, sometimes they might not even offer that option.

[TopT3ns]

For a casino, cash out is more unnecessary and a lose for them more than it isa plus for the overall gambling business, this is why they can never accept that, and cash out is more of an advantage to the gambler than it is to the casino, just making things fair for those who do not have the balls to wait until the end of the game. So cash out will remain at the discretion of the gambler.

This benefits both parties to certain extents, depending on the conditions. It's not like the casino gives you that option simply because they're nice; they do it to recoup larger losses. It benefits the player if their withdrawal is successful, but if the opposite happens, it benefits the casino. On the other hand, I think automating it, or perhaps programming an automatic cashout under certain conditions, is a good idea. The closest thing I know is auto-cashout, but generally, there are conditions that apply in real time because not all bets are the same, nor are the conditions. Besides, sometimes they might not even offer that option.

Not all casinos are generous, some of them provide the cashout feature as a precaution to their own business. Cunning gamblers apply this to pocket the wagers when predictions begin to become doubtful. Although not every bookmaker is providing such option, automation under some circumstances could be a smart way out to players who tend to keep the screen as much as possible warm to sustain profitability.

[Fivestar4everMVP]

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 topic has been discussed before, but I can start looking for the thread right now, and beside that, I've always been of the opinion that things that has been discussed over the years can still he discussed again afresh so long as its still relevant in the ecosystem, this atleast will help forum newbies who were not yet registered on this forum when the other former discussion happened to get the opportunity to participate in the same discussion today and possibly learn one or two from it.

Now to the discussion, like my opinion was in the previous thread, sportsbooks automating the cash out option is very possible but it's to their own disadvantage, and this is why I think they can never automate this feature..
There are times, and I mean alot of times when after placing bets, the bettor may find him or herself very busy with other things that they won't remember to go online and check if the sportsbooks have offered any interesting cash out on any of the games they placed bet on, and because the bettor isn't online, the casino gets to keep their offer even on games where the bettor ended up losing, this helps the sportsbook gain more money instead of allowing of giving the bettor the opportunity to cut their potential loss short through automated cash out option.

[AmoreJaz]

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 fail to mention that cash out is an option offered by the bookies to the bettor. The bookies can't automate cashout because it is not their decision to make, but that of the bettor. What they can do is to provide a feature where bettors can set an automation for cashout. If the offer reaches a particular amount, the bet should be closed, whereas taking the available cash out offer at the moment.

That is true, not all bookies are offering cashout. So lucky if you find one. Because there's timeframe on how to avail such. Of course, if the game is almost over, I don't think the bookie will offer cashout. The reason why it can't be automated because it can easily be subject to abuse of the bettors. So it is the site itself that will restrict as up to when they will offer the cashout feature and not the gambler himself.

[alegotardo]

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 is because in that case you would hardly lose!
Think about it... in a sporting game many things happen, sometimes a bet starts out totally unlucky, in the middle of the game it becomes very positive, but then there is another setback that makes it bad again.
This happens with various aspects of the game and in various modalities, so if there is an automation that always checks out when the result is positive, in many scenarios you would come out winning, but if you were to monitor manually you could hardly have the right timing to seize these opportunities.

I think casinos profit much more by passing the pressure of choice onto us (bettors) and in the pressure of choice we often let the opportunity pass, and the house usually wins.

[Darker45]

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.

Make no mistake, this feature is offered by bookies but always to their advantage. If your bet is losing, this feature won't be made available. If your bet is winning, this is made available but with a lower profit, of course. That's for them to avoid paying the larger amount, which is most probable considering how the game goes. If the game isn't yet played, this is also mostly available, but you'll get back an amount smaller than your bet. That's easy profit for them.

Making it automated in the sense that you described sounds disadvantageous to them. I doubt they will add this feature, allowing the gamblers to lock in their desired profit.

[Fortify]

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?

How do you automate something that specifically relies on a player interaction in order to confirm? Cash out is always going to be offered at below the odds when the bet was taken, which means the player has reassessed the bet and determined that it's more likely to fail than they originally anticipated - so they are willing to accept lower odds to lock in the risk. You cannot cut the player out of this equation because it would only be done to the benefit of the bookmaker, meaning they trigger it to their advantage. It's really obvious when think about it in the slightest. Some bookmakers only offer the cash out function on certain markets because they're able to recalculate accurately enough, that's why it's not offered for all bets.

[stompix]

Because it's a pain in the ass to do it!

The whole system is already stretched with the delays on bets, the odds on live games, now you're adding a few more variables on top of that, which would again reflect in the odds bookies put out, to make it work flawlessly, you will need to invest a ton in it, same as trading websites do, but with the extra difficulty of tying it to live events not just trade settlements.

Nice in theory, I would definitely use it but probably not worth taking for most bookies.

Make no mistake, this feature is offered by bookies but always to their advantage. If your bet is losing, this feature won't be made available. If your bet is winning, this is made available but with a lower profit, of course.

Sorry, but you could not be further away from the truth.
I've been cashing out bets early for a decade, it never happened that one would not be available unless it was 2 -3 seconds for the finish!

[famososMuertos]

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.

The answer is simple: a bet (cashout) isn’t about convenience for you—it’s for the casino. Let’s say that after you place a bet, the casino runs the numbers and determines it can reduce its exposure; that’s when it offers a cashout. It’s not designed to benefit you, even though it might seem that way—it’s there to generate profit for the casino.

And that’s precisely why it doesn’t appear on every match or every bet you place. Some are either too complex to calculate in real time or simply don’t offer the expected margin.

So, while we often see it as a useful feature for bettors, in reality, it exists primarily to benefit the casino.

[maydna]

They know many gamblers are greedy and want full winning, if they automate the option, gamblers will not like it. Gamblers prefers to decides by themselves whether they will lose or win big so they will wait until the end. Gamblers will decide which is the best for them but a wise gambler will cashout before the game end and get their win money. They don't chase the full winning especially if they know the situation can getting worst and makes them lost.

[TopT3ns]

They know many gamblers are greedy and want full winning, if they automate the option, gamblers will not like it. Gamblers prefers to decides by themselves whether they will lose or win big so they will wait until the end. Gamblers will decide which is the best for them but a wise gambler will cashout before the game end and get their win money. They don't chase the full winning especially if they know the situation can getting worst and makes them lost.

Psychology of players is often put in a dilemma between satisfying maximum winnings or security of current capital. The ability to decide on the outcome in itself will leave one with much more emotional gratification. The fact is that, greed is the real killer hence astute gamblers will always feel stated about early withdrawals every time the scenario starts exhibiting an aura of bad uncertainty.