Wager Mage
Wager Mage
Photo: Tima Miroshnichenko
Put simply, to cash out means that you can get money back on your bet at any time during the event you've bet on, not just when the event is over. The amount you get back depends on the point during the event which you cash out, and because of that, you may actually get less out than the money you initially laid down.
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Read More »There is no doubt that bookmakers benefit significantly from cash out. This is primarily for emotional reasons. Human beings can be fearful, and when there is no guarantee that what they forecast will happen or when a significant amount of money is on the table, many may take the safest option and claim the money that is on offer to them. Whether that sum is less than what they would get if they lasted the distance does not matter; less money is still better than no money at all to the punter. For the bookmakers, this means they can pay out less if the cash out is taken. Of course, the reverse is also true and there is a risk to bookmakers too. Early cash outs can mean that they can pay out for bets that go on to lose because events play out in a certain way. For bettors, there are further benefits to the flexibility of cashing out, especially when it comes to simple enjoyment. The cash out option is another exciting part of betting, and it offers freedom and a chance for them to test their insight into whatever sport they're betting on. Going into the final minutes of our hypothetical City v Liverpool game, a bettor who is given the option to cash out can use their expertise to assess the game so far and draw a conclusion: will City see the win out, or have Liverpool been good enough to hit back? Those with the smartest insight into the teams and the specific game at hand will have the best chance of using the cash out option to their advantage.
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Read More »Third and finally, trust your instincts. Everyone's an expert: from your mate down the pub to the pundit on TV, absolutely everyone has their own opinion and will not be shy about expressing it - whether you want to hear it or not. It can be helpful to listen to other people's thoughts and advice, but if you have done your homework and analysed the game in a way you are confident with, trust your own thoughts. There are few things more annoying for punters than listening to someone else and finding out they were wrong.
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