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    All Forums | NBA Betting Forum

    CASH OUT OPTION HELP!!!

    ms2326
    vicky98
    Lakers-182
    rangerz2478
    St2ee
    Participants:
    Search
    Views: 2957
    Posts: 12
     
    ms2326
    ms2326
    Prospect
    Participation Meter
    Joined: Apr, 2014
    Posts: 151
    Posted: Apr. 12, 2014 - 4:35 PM ET #1

    Can anyone explain how the cash out option works? I currently use topbet and they do not offer that feature. I have found that bet365 offers this. Can someone please give me a few scenarios (lets say NBA) when the cash out would be used? THANKS!!!
    Reply
    To remove first post, remove entire topic.
    Can anyone explain how the cash out option works? I currently use topbet and they do not offer that feature. I have found that bet365 offers this. Can someone please give me a few scenarios (lets say NBA) when the cash out would be used? THANKS!!!
     
    vicky98
    vicky98
    Banned
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    Joined: May, 2010
    Posts: 13070
    Posted: Apr. 12, 2014 - 5:00 PM ET #2

    Quote Originally Posted by ms2326:

    Can anyone explain how the cash out option works? I currently use topbet and they do not offer that feature. I have found that bet365 offers this. Can someone please give me a few scenarios (lets say NBA) when the cash out would be used? THANKS!!!

    Reply
    Quote Originally Posted by ms2326:

    Can anyone explain how the cash out option works? I currently use topbet and they do not offer that feature. I have found that bet365 offers this. Can someone please give me a few scenarios (lets say NBA) when the cash out would be used? THANKS!!!

     
    Lakers-182
    Lakers-182
    Prospect
    Participation Meter
    Joined: Jan, 2014
    Posts: 143
    Posted: Apr. 12, 2014 - 5:22 PM ET #3

    I use bet365The Cash out option constantly changes the whole game depending on the score, its very useful, like last night I had Cavs-4 and I cashed out when they were up by 13, then they went on to lose, So i still won my bet. 

    This is my very small bet I placed to show you. Its a bet on Clips 3Q -1.5 as you can see I can cash out for a profit because I screenshotted this when they were up by 2. (screenshot - https://gyazo.com/c2b968684161fec5c2740234bf8d641b)

    Then I cashed out for 2.22 profit(screenshot - https://i.gyazo.com/498b12a2a7f4a66f68ef237b5bbceb66.png)

    It also comes in handy when you want to cut your losses.

    Reply
    I use bet365The Cash out option constantly changes the whole game depending on the score, its very useful, like last night I had Cavs-4 and I cashed out when they were up by 13, then they went on to lose, So i still won my bet. 

    This is my very small bet I placed to show you. Its a bet on Clips 3Q -1.5 as you can see I can cash out for a profit because I screenshotted this when they were up by 2. (screenshot - https://gyazo.com/c2b968684161fec5c2740234bf8d641b)

    Then I cashed out for 2.22 profit(screenshot - https://i.gyazo.com/498b12a2a7f4a66f68ef237b5bbceb66.png)

    It also comes in handy when you want to cut your losses.

     
    ms2326
    ms2326
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    Participation Meter
    Joined: Apr, 2014
    Posts: 151
    Posted: Apr. 12, 2014 - 5:37 PM ET #4

    thanks lakers i appreciate it. Does it work with parlays as well? Say I have a 4 team parlay and the first 3 happen but the 4th has not started yet... can I cash out and take the 3 team parlay as if the 4th ended in a push?
    Reply
    thanks lakers i appreciate it. Does it work with parlays as well? Say I have a 4 team parlay and the first 3 happen but the 4th has not started yet... can I cash out and take the 3 team parlay as if the 4th ended in a push?
     
    Lakers-182
    Lakers-182
    Prospect
    Participation Meter
    Joined: Jan, 2014
    Posts: 143
    Posted: Apr. 12, 2014 - 5:46 PM ET #5

    Quote Originally Posted by ms2326:

    thanks lakers i appreciate it. Does it work with parlays as well? Say I have a 4 team parlay and the first 3 happen but the 4th has not started yet... can I cash out and take the 3 team parlay as if the 4th ended in a push?
    yes you can
    Reply
    Quote Originally Posted by ms2326:

    thanks lakers i appreciate it. Does it work with parlays as well? Say I have a 4 team parlay and the first 3 happen but the 4th has not started yet... can I cash out and take the 3 team parlay as if the 4th ended in a push?
    yes you can
     
    rangerz2478
    rangerz2478
    MVP
    Participation Meter
    Joined: Oct, 2007
    Posts: 17830
    Posted: Apr. 12, 2014 - 6:11 PM ET #6

    Quote Originally Posted by Lakers-182:

    I use bet365The Cash out option constantly changes the whole game depending on the score, its very useful, like last night I had Cavs-4 and I cashed out when they were up by 13, then they went on to lose, So i still won my bet. 

    This is my very small bet I placed to show you. Its a bet on Clips 3Q -1.5 as you can see I can cash out for a profit because I screenshotted this when they were up by 2. (screenshot - https://gyazo.com/c2b968684161fec5c2740234bf8d641b)

    Then I cashed out for 2.22 profit(screenshot - https://i.gyazo.com/498b12a2a7f4a66f68ef237b5bbceb66.png)

    It also comes in handy when you want to cut your losses.


    2.22 was your PAYOUT, not your profit. On your $10 bet, you profited $2.22 which is essentially 1.22 profit. 
    Reply
    Quote Originally Posted by Lakers-182:

    I use bet365The Cash out option constantly changes the whole game depending on the score, its very useful, like last night I had Cavs-4 and I cashed out when they were up by 13, then they went on to lose, So i still won my bet. 

    This is my very small bet I placed to show you. Its a bet on Clips 3Q -1.5 as you can see I can cash out for a profit because I screenshotted this when they were up by 2. (screenshot - https://gyazo.com/c2b968684161fec5c2740234bf8d641b)

    Then I cashed out for 2.22 profit(screenshot - https://i.gyazo.com/498b12a2a7f4a66f68ef237b5bbceb66.png)

    It also comes in handy when you want to cut your losses.


    2.22 was your PAYOUT, not your profit. On your $10 bet, you profited $2.22 which is essentially 1.22 profit. 
     
    Lakers-182
    Lakers-182
    Prospect
    Participation Meter
    Joined: Jan, 2014
    Posts: 143
    Posted: Apr. 12, 2014 - 6:14 PM ET #7

    Quote Originally Posted by rangerz2478:


    2.22 was your PAYOUT, not your profit. On your $10 bet, you profited $2.22 which is essentially 1.22 profit. 
    I don't know what you mean? Also I use £ as i'm from the UK :)
    Reply
    Quote Originally Posted by rangerz2478:


    2.22 was your PAYOUT, not your profit. On your $10 bet, you profited $2.22 which is essentially 1.22 profit. 
    I don't know what you mean? Also I use £ as i'm from the UK :)
     
    rangerz2478
    rangerz2478
    MVP
    Participation Meter
    Joined: Oct, 2007
    Posts: 17830
    Posted: Apr. 13, 2014 - 2:34 AM ET #8

    Quote Originally Posted by Lakers-182:

    I don't know what you mean? Also I use £ as i'm from the UK :)

    Whatever currently you wanna use doesn't make a difference. You essentially sold your $10 bet for $12.22 so you only PROFITED $2.22. I assume bet365 offers these "cash outs" at a less than market price to take advantage of people who don't know any better. Personally, I think you'd be far better off simply betting the other side on a hedge compared to "cashing out" or whatever they wanna call it. 
    Reply
    Quote Originally Posted by Lakers-182:

    I don't know what you mean? Also I use £ as i'm from the UK :)

    Whatever currently you wanna use doesn't make a difference. You essentially sold your $10 bet for $12.22 so you only PROFITED $2.22. I assume bet365 offers these "cash outs" at a less than market price to take advantage of people who don't know any better. Personally, I think you'd be far better off simply betting the other side on a hedge compared to "cashing out" or whatever they wanna call it. 
     
    rangerz2478
    rangerz2478
    MVP
    Participation Meter
    Joined: Oct, 2007
    Posts: 17830
    Posted: Apr. 13, 2014 - 2:34 AM ET #9

    * whatever currency 
    Reply
    * whatever currency 
     
    St2ee
    St2ee
    Captain
    Participation Meter
    Joined: Apr, 2010
    Posts: 7961
    Posted: Apr. 13, 2014 - 3:51 AM ET #10

    Dumb. Soooo dumb. Cash that option
    Reply
    Dumb. Soooo dumb. Cash that option
     
    St2ee
    St2ee
    Captain
    Participation Meter
    Joined: Apr, 2010
    Posts: 7961
    Posted: Apr. 13, 2014 - 3:53 AM ET #11

    Not trying to be rude, it's just such a bad idea. It's like switching from playing blackjack to let it ride
     Your odds are just taking a sh it kicking
    Reply
    Not trying to be rude, it's just such a bad idea. It's like switching from playing blackjack to let it ride
     Your odds are just taking a sh it kicking
     
     
    Lakers-182
    Lakers-182
    Prospect
    Participation Meter
    Joined: Jan, 2014
    Posts: 143
    Posted: Apr. 13, 2014 - 5:44 AM ET #12

    Quote Originally Posted by rangerz2478:


    Whatever currently you wanna use doesn't make a difference. You essentially sold your $10 bet for $12.22 so you only PROFITED $2.22. I assume bet365 offers these "cash outs" at a less than market price to take advantage of people who don't know any better. Personally, I think you'd be far better off simply betting the other side on a hedge compared to "cashing out" or whatever they wanna call it. 
    I still don't know what you mean because I stated that I profited 2.22 in the first place, and they don't off cash outs at less than market price at all
    Reply
    Quote Originally Posted by rangerz2478:


    Whatever currently you wanna use doesn't make a difference. You essentially sold your $10 bet for $12.22 so you only PROFITED $2.22. I assume bet365 offers these "cash outs" at a less than market price to take advantage of people who don't know any better. Personally, I think you'd be far better off simply betting the other side on a hedge compared to "cashing out" or whatever they wanna call it. 
    I still don't know what you mean because I stated that I profited 2.22 in the first place, and they don't off cash outs at less than market price at all
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