Tdansmith 2096 Posted September 29, 2017 Share Posted September 29, 2017 2 minutes ago, The Fish said: I cashed out because I felt happy enough with the return (£62 from a small stake) and both the games that could still change were on a knife edge. Southampton were all over Man Utd and there was only 1 goal in it. Burnley Huddersfield was 0-0 and I think if it was 1-1 from early in the 2nd half I might have stayed in. I'll also put big accas on (9 matches +), with the intention of cashing out at half time if the pot is comfortably bigger than my stake. e.g. I cashed out for £8 from a 50p, when the acca could have returned £3k. Sure enough a few minutes after I cashed out for a relative pittance the scores changed and the cash out sum dwindled into nothing. £8 is fuck all looking at the possible pot, but a big % profit on my stake. Cash in does my head in, especially if i cash in then the full bet comes in, it's happened a few times for me but not for big money. Could you imagine if the £3 K came in and you cashed out for £8 Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted September 30, 2017 Share Posted September 30, 2017 13 hours ago, The Fish said: I cashed out because I felt happy enough with the return (£62 from a small stake) and both the games that could still change were on a knife edge. Southampton were all over Man Utd and there was only 1 goal in it. Burnley Huddersfield was 0-0 and I think if it was 1-1 from early in the 2nd half I might have stayed in. I'll also put big accas on (9 matches +), with the intention of cashing out at half time if the pot is comfortably bigger than my stake. e.g. I cashed out for £8 from a 50p, when the acca could have returned £3k. Sure enough a few minutes after I cashed out for a relative pittance the scores changed and the cash out sum dwindled into nothing. £8 is fuck all looking at the possible pot, but a big % profit on my stake. Mugs approach. Link to comment Share on other sites More sharing options...
Meenzer 14042 Posted September 30, 2017 Share Posted September 30, 2017 Winning money is lame Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted September 30, 2017 Share Posted September 30, 2017 Stripping the value out of bets for short term profit ensures long term losses Link to comment Share on other sites More sharing options...
The Fish 8989 Posted September 30, 2017 Share Posted September 30, 2017 17 minutes ago, TheGingerQuiff said: Stripping the value out of bets for short term profit ensures long term losses I'd wager that I've won more money from cashing out than I would have won had I left it in. Link to comment Share on other sites More sharing options...
The Fish 8989 Posted September 30, 2017 Share Posted September 30, 2017 (edited) I feel I've made my point and so I'm going to cash out now, before you reply. Edited September 30, 2017 by The Fish Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted September 30, 2017 Share Posted September 30, 2017 (edited) 24 minutes ago, The Fish said: I'd wager that I've won more money from cashing out than I would have won had I left it in. Even if that were the case it wouldn't be sustainable Edited September 30, 2017 by TheGingerQuiff Link to comment Share on other sites More sharing options...
Meenzer 14042 Posted September 30, 2017 Share Posted September 30, 2017 3 hours ago, TheGingerQuiff said: Stripping the value out of bets for short term profit ensures long term losses Depends on your strategy. Link to comment Share on other sites More sharing options...
The Fish 8989 Posted September 30, 2017 Share Posted September 30, 2017 8 hours ago, TheGingerQuiff said: Even if that were the case it wouldn't be sustainable I dont cash out every bet and I don't bet as a means of keeping the lights on, so I'm all good lil buddy. Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted September 30, 2017 Share Posted September 30, 2017 1 minute ago, The Fish said: I dont cash out every bet and I don't bet as a means of keeping the lights on, so I'm all good lil buddy. Bookies dream Link to comment Share on other sites More sharing options...
Tdansmith 2096 Posted September 30, 2017 Share Posted September 30, 2017 3 hours ago, TheGingerQuiff said: Bookies dream I think having a dream is the reason bookies exist. Link to comment Share on other sites More sharing options...
adios 717 Posted September 30, 2017 Share Posted September 30, 2017 The bookies' dream is to have pretty much everyone gambling with them. Yes, probably even the Quiff. Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted October 1, 2017 Share Posted October 1, 2017 Of anyone I thought you'd be banging the value drum! I'm absolutely shit, no discipline. Link to comment Share on other sites More sharing options...
adios 717 Posted October 1, 2017 Share Posted October 1, 2017 I just assume @The Fish is having a bit of fun and isn't intending to pay the mortgage with the winnings any more than he would expect with the lotto. So the aim is for him to maximise his enjoyment, which from listening to him on the podcast he gets a laugh out of cashing out early. And he gets that way more frequently than if he'd let it ride. I also assume bookies take some sort of "vig" for cashing out early because they can prey on people's aversion to risk, but the act of cashing out early in itself doesn't reduce your expected value. Link to comment Share on other sites More sharing options...
The Fish 8989 Posted October 1, 2017 Share Posted October 1, 2017 2 minutes ago, adios said: I just assume @The Fish is having a bit of fun and isn't intending to pay the mortgage with the winnings any more than he would expect with the lotto. So the aim is for him to maximise his enjoyment, which from listening to him on the podcast he gets a laugh out of cashing out early. And he gets that way more frequently than if he'd let it ride. I also assume bookies take some sort of "vig" for cashing out early because they can prey on people's aversion to risk, but the act of cashing out early in itself doesn't reduce your expected value. Is the right answer. I usually bet to make the Saturday 3pm matches I wouldn't normally care about, interesting. Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted October 1, 2017 Share Posted October 1, 2017 So why cash out then? Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted October 1, 2017 Share Posted October 1, 2017 9 minutes ago, adios said: I just assume @The Fish is having a bit of fun and isn't intending to pay the mortgage with the winnings any more than he would expect with the lotto. So the aim is for him to maximise his enjoyment, which from listening to him on the podcast he gets a laugh out of cashing out early. And he gets that way more frequently than if he'd let it ride. I also assume bookies take some sort of "vig" for cashing out early because they can prey on people's aversion to risk, but the act of cashing out early in itself doesn't reduce your expected value. Not sure how cashing out is in any way a laugh or entertaining. If it's not about making money or attempting to then surely letting your live bets run makes more sense for entertainment purposes. Link to comment Share on other sites More sharing options...
The Fish 8989 Posted October 1, 2017 Share Posted October 1, 2017 (edited) 12 minutes ago, TheGingerQuiff said: So why cash out then? ... because a guaranteed £60 is better than a potential £120, from a small stake. I've had fun choosing my bets, I've gone back and forth about if and when I should cash out, and then I've won sufficient money to be satisfied with. Not particularly outrageous, is it? Edited October 1, 2017 by The Fish Link to comment Share on other sites More sharing options...
adios 717 Posted October 1, 2017 Share Posted October 1, 2017 5 minutes ago, TheGingerQuiff said: Not sure how cashing out is in any way a laugh or entertaining. If it's not about making money or attempting to then surely letting your live bets run makes more sense for entertainment purposes. You get a small dopamine boost regularly instead of a large dopamine boost rarely. Link to comment Share on other sites More sharing options...
adios 717 Posted October 1, 2017 Share Posted October 1, 2017 1 minute ago, The Fish said: ... because a guaranteed £60 is better than a potential £120. I've had fun choosing my bets, I've gone back and forth about if and when I should cash out, and then I've won sufficient money to be satisfied with. Not particularly outrageous, is it? I don't bet sports but I can totally understand this. It gives you even more entertainment because you're sweating the cashout as well as the results. Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted October 1, 2017 Share Posted October 1, 2017 4 minutes ago, The Fish said: ... because a guaranteed £60 is better than a potential £120, from a small stake. I've had fun choosing my bets, I've gone back and forth about if and when I should cash out, and then I've won sufficient money to be satisfied with. Not particularly outrageous, is it? But why not just put a bet on with potential returns of £60 and let it run? It'd have a statistically better chance of landing than your £120 one offering you a £60 cash out. Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted October 1, 2017 Share Posted October 1, 2017 4 minutes ago, adios said: I don't bet sports but I can totally understand this. It gives you even more entertainment because you're sweating the cashout as well as the results. Sorry, I can understand somebody thinking this but not a pro poker player. Astonishing. Link to comment Share on other sites More sharing options...
The Fish 8989 Posted October 1, 2017 Share Posted October 1, 2017 Just now, TheGingerQuiff said: But why not just put a bet on with potential returns of £60 and let it run? It'd have a statistically better chance of landing than your £120 one offering you a £60 cash out. Part of it is seeing if I'm a good judge of results. So if I put on a reasonably small stake but a large acca I'm "invested" in a stack of results. I also put on bets like a double with both teams to score, or a team to win by more than x goals, so cash outs are just a way of having some measure of snatching a win from the jaws of defeat. Link to comment Share on other sites More sharing options...
adios 717 Posted October 1, 2017 Share Posted October 1, 2017 (edited) 7 minutes ago, TheGingerQuiff said: Sorry, I can understand somebody thinking this but not a pro poker player. Astonishing. I understand that most people who bet, bet for fun, not profit. I don't bet for fun. Edited October 1, 2017 by adios Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted October 1, 2017 Share Posted October 1, 2017 Suit yourselves I still don't get how cashing out is more fun than seeing your bet through though. The relief/anxiety of "have I done the right thing?" can't be as entertaining as still being in with a shot of your full payout Link to comment Share on other sites More sharing options...
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