Cash-out is bad value – don’t fall for it! How about this for a scenario; If you wrongly bought an item from a supermarket for $10, would you expect them to offer $7 when returned? The answer is no because a full refund is standard. If you buy something at an online store, the policy is your money back if not satisfied.
Let us do the same scenario with bookmaker cashout. You make an eight-team accumulator, and the first seven have won. At this stage, you have $1000 going on to the final selection at odds of 2.00, meaning you get $2000 if it wins. However, you start to get jittery and want to cash-out before the final-leg. Instead of offering $1000, the bookmaker offer is $700 to settle!
CASH-OUT IS BAD VALUE
Using the scenario above, do you not realise how absurd it would be to accept $700? If you had not made the final pick, the payout would have been $1000!
If you have open bets, bookmakers will attempt to stick the cash-out option in front of your face. Ask yourself, is it for your benefit? The answer is no because the intention is to fleece customers further.
This option is not just with accumulators. If you made a single bet the same applies. Bookmakers pay around 70 cents on the dollar, meaning it is bad business for the customer.
In our opinion, Cash-out is for insecure gamblers. By making such a transaction, customers are making it easy for bookmakers.
Do the maths, and apply logic to any betting transaction!
BETTER ALTERNATIVES TO CASHOUT – Cash-out is bad value!
Even suckers can learn to be more efficient! Rather than put yourself in such a position, consider these alternatives using the example above;
That eight-team accumulator we mentioned, split into two bets. Rather than bet $10 on all eight teams winning, bet $5 on the first seven and another $5 on all. Better still, bet $7 on the first seven and $3 on all. The $7 on the first seven gives the same return ($700) as the cash-out. On top of that, you still have the $3 on the eight-team accumulator which pays another $600 if winning.
Another alternative is to make a system bet such has 7/8. The number of bets would be eight so stakes are 1.25 per line ($10 total stake). Assuming all odds are the same, missing out by one would still pay $125. It does not matter which leg went down, and getting all eight correct pays €1000.
IF YOU MUST CASH-OUT
If you find yourself in a position were you must cash-out the final leg, try and get a higher return. The options we have in mind are;
Use a betting exchange to lay the final leg of your bet. Even if you have to give higher odds and pay commission on any winnings, chances are you would get substantially more than the €700 offered by the bookmaker.
Alternatively, shop around competitor sites for better odds about your final leg not winning. If your last bet was a tennis player, it should be easy to bet the opponent at best odds. In the case of a football game, search for better odds about the double chance. That is the other team and draw!
FORUMS & ARTICLES PROPAGANDA
Bookmakers love to promote when someone cashed-out a large sum before the final leg lost. It makes them look like the saviour and gets nervy punters buying-in to bad habits. It is a PR stunt, and they forget to mention how others did not cash-out and took the whole amount!
Punters are generally speaking stupid – it doesn’t mean you need to be one of them!