Cash Out in Betting: Costs & Strategy — Full Breakdown & Transcript

[00:01] Closing bets means that before the sporting event we 've bet on concludes, or even before it begins, we have the opportunity part of our potential winnings without worrying about the final result.

[00:15] Keys to closing bets: The world of sports betting, like any game of chance, involves an inherent risk that we must accept from the moment we start playing. However, in recent

[00:28] have added the option to cash out bets with the aim of minimizing that risk and partially securing winnings. Although it sounds great, all that glitters is not gold. So, in this video, we'll explain what

[00:43] closing a bet entails, the consequences it has, and in what cases it's advisable to do so. We have this option from the moment we place the bet until, usually, minutes before the event ends. The amount offered when closing will

[00:55] vary depending on the odds at that moment. At first glance, it seems simple and a very attractive option in any situation. For example, if we bet on the home team to win and they take the lead in the

[01:08] first few minutes, we can close the bet... The idea of ​​taking half and making a profit without suffering sounds tempting, right? Well, reality is much more complex than it seems, and below we'll explain why. A common mistake among

[01:21] amateur bettors, as we mentioned, is to close a bet. It seems like a very practical mechanism to use whenever possible, but this very common errors people make when they start betting.

[01:36] and show them a less bad option so the player To understand what we mean, let's understand how recreational bettors differ from professional bettors.

[01:50] Recreational or amateur bettors are those who play occasionally and for fun, and are characterized by being impulsive and Professional or semi-professional bettors,

[02:03] on the other hand, play regularly and even dedicate themselves to it, using a studied methodology and through rational analysis prior to each event. For this reason, recreational bettors bet to pass the time; they are not

[02:17] pre-established reasoning, which is why they make more mistakes. Mistakes arise from not fully trusting their own judgment; they let emotions guide them, causing them to close bets as soon as they see an opportunity, no matter how small the

[02:30] winnings. These types of players see the " close bet" button as very useful, but what they don't realize is that they are giving money away to the bookmakers because, in the long run, they will lose money and their bets will cease to be profitable.

[02:42] Bookmakers are large companies with many people behind them studying how to make more money; they are constantly improving their algorithms and offering encourage the participation of new players. For these reasons, they know very

[02:55] well what they are doing, what they are saying, and how they are saying it, so we must always take this opportunity once again to remind you that the world of sports betting is a game and, therefore, it must be taken as such. Betting

[03:09] responsibly and not risking more money than you can afford to lose is the first rule and should never be forgotten. Returning to the topic of closing bets, this option is sold as a way to have more control over your bet and to be

[03:22] able to get paid out early. It is a clear and very profitable advertising ploy were and it would benefit the players, it would take us five years to promote it, so let's see why cashing out isn't a

[03:35] profitable long-term option. To begin with, you have to keep in mind that when you place a bet, you're already giving money to the bookmaker, whether you win or lose. The odds of a bet show the probability of

[03:47] if we added all the options, for example, 1X and 2, it should give us a result of 100%, but it does n't. The added odds always total more than 100%, so the bookmakers always charge an implicit

[04:02] upfront commission, which is usually between 2 and 8 percent. It's guaranteed to make money, no matter what. If that weren't enough, by pressing the cash-out button, we're giving away even more money, specifically between 5 and 8%. Plus, the

[04:15] amount they offer us when we cash out will always be less than the value of the odds our bet has at that same moment. On the other hand, there's the progressive depreciation of the average odds, which will eventually transform the

[04:27] option, since you're in a strategy that isn't Profitable in the long term, it's important to keep in mind that when we close bets, we're earning less money than we expected. The odds of 1.9, which seemed very attractive before the event, can

[04:39] drop to 1.5 or lower when we close the bet. This is an odds we probably wouldn't have regularly closing bets, we're gradually lowering our average odds. Let's look at a practical example to see this more clearly. Imagine we have

[04:53] a history of 100 bets where we usually place bets at average odds of 1.8. This gives us a target threshold of 55.55%, meaning that a success rate higher than 55.55% will yield

[05:08] betting strategy, our success rate is approaching 63%, so our betting system is profitable in the long run. If we start closing bets frequently, as we 've seen before, our average odds

[05:23] will begin to drop from 1.8 to 1.6 and then to 1.5, which means the target threshold will rise, approaching dangerously low. If our system has a 63 % success rate, as the

[05:37] target threshold increases, it will become increasingly difficult to make a profit. profitability, and in the long run, we won't be profitable. Fear will eat away at our profit margin. Remember, if your long-term profitability is

[05:50] positive, the fewer bets you close early and lose, the fewer you'll win. If you trust your judgment and make a decision, you must stick to it. That's why it's so important,

[06:03] want to be profitable in the long run, to respect your betting system. Developing a betting system that is profitable in the long term and has a win rate higher than 55 % is extremely difficult. So,

[06:16] making a habit of systematically closing bets will jeopardize your profitability. Increasing your success rate is much more costly than thoroughly analyzing each situation and avoiding hasty closures.

[06:28] This is one of the factors that differentiates the two types of players we mentioned earlier: the amateur player is an feelings and makes a bet impulsively without analyzing the consequences. A

[06:41] professional bettor is, by definition, a profitable bettor, so they know how to put placing sports bets in order to achieve their long- term goals. When is it advisable to close a bet? Having said that, we want to make it clear that closing

[06:56] bets is an option that, although not recommended a priori, can be interesting in certain situations. We might see some large accumulators or high odds. In those cases where

[07:08] we construct an accumulator of several selections or a single bet with a reasonable profit margin will be a probabilities of winning will be very small. A clear example would be a

[07:22] bet with only one or two events remaining, and we have already secured a large part of the profit in long-term high-odds bets where, depending on how the bet can give us a good chunk of money. Risk of withdrawal or loss in bets

[07:37] that we are following the event live: If there is an injury to an that the winning bet could advisable to close it earlier. A good example would be a match that

[07:50] is in the The final minutes are over and the opposing team is attacking, and our team is down to 10 men. A good reading of the match will be key to determining whether it's a good option or not. Common sense, although it seems

[08:02] obvious, is rarely used to think rationally before closing a bet. To determine whether it's good to close or not, you need common sense and a good understanding of the situation the bet is in. You always have to keep in mind that

[08:14] the amount you close the bet with still has value, giving you 90 or 95 percent of the expected winnings, or at least that what you'll lose by closing is less than what you 'll gain if you close. If the

[08:27] winnings at closing are less than what you lose, it doesn't make sense. placing bets online, it was impossible to modify anything, nor was it possible at a certain point to secure profits if the

[08:41] minimize losses if the bet went badly. All of this is now possible with the cash out feature offered by several bookmakers. Now, our final recommendation: we want to end this video by making it clear that

[08:54] cashing out is a valid option, but it must be used with... Common sense, and never our betting strategy, is key. There's no foolproof way to decide when to close bets, so we 've outlined some of the

[09:08] most common situations where closing would be advisable. However, in normal situations, leaving aside FVM Bets or similar sites, you should only close bets when doing so has value.

[09:20] After all, if you want to be a profitable and successful player, keep in mind that we are human and driven by emotions. Therefore, remember that a bet that was lost in the final minutes is something that sticks in your mind

[09:33] and is remembered with anger, but it doesn't mean you'll lose more matches than you win. It's more of an emotional perception than a rational one, which can be influenced by statistical analysis. The rational side of the

[09:45] bettor is paramount; there's a lot of psychological work involved. times you've lost in the final minutes, you've won 50 bets without bookmaker. You have to lose the fear of failure; the recreational bettor wants to win.

[10:01] On the contrary, the professional wants to win more money than they lose and have long-term profits. They accept that they will have losses; nobody is 100% successful, but they will try to minimize their losses. If you want to

[10:13] dedicate yourself to the world of betting, you need a methodology, discipline, and rules, and you can't let emotions get the better of you. In each match, you have to start fresh, forget past bad experiences, and

[10:26] use the "close bet" button with your head.