Sports Betting: When Should You Cash Out of a Bet?

Рет қаралды 14,442

Күн бұрын

One of the toughest decisions for some sports bettors is deciding when they should take a cash out offer or let their bet ride. Jack is here to break down the math behind Cash Out and also offer you a cautionary tale.
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0:00 - Intro
0:52 - What is a Cash Out Offer
2:31 - Is Cash Out a Good Idea
4:08 - Beating the Cash Out
5:15 - A Big Money Cash Out
8:22 - Cash Out Benefits

Пікірлер: 74

@JoshWarner-xn2on 2 ай бұрын

Even if many bettors out there know these things, anyone can come away from this video entertained or more educated. Job well done here, Jack.

@deacon2464 2 ай бұрын

It's called gambling for a reason, regardless of how much of an edge you feel you have. Sometimes it works out and sometimes it doesn't. For Teflon Don, $4800 on a $5 wager is still an amazing ROI

@dougdolbear7028 2 ай бұрын

Maybe so, but if Teflon Don routinely makes bad decisions like this then his ROI will quickly become a negative number.

@TommyLloyd-lg3to 2 ай бұрын

I was following this story on Twitter. Never saw anyone break down the numbers, thank you for this

@ghostmane2643 2 ай бұрын

My heart just broke for this man.

@hugemistakegaming 2 ай бұрын

He made 4,600 dollars on a 5 dollar risk. That is a 2,300 unit profit. He did great.

@qpdbqpdb1 2 ай бұрын

He cashed out which is a stupid decision. Don’t feel bad for him. He chose to take the guaranteed money

@Cardhour 2 ай бұрын

Moral of the story, always put in the same crazy parlay twice, one to cash out and one to let it ride in case something like this happens lol.

@jferg8956 26 күн бұрын

Sounds good in theory but let’s be real majority of people is not doing that

@matthewedwards9423 25 күн бұрын

No, the moral of the story is to have enough funds on Betfair ready to hedge.

@jferg8956 25 күн бұрын

@@matthewedwards9423 how do you hedge against a home run lmao under is usually at least a -700 s that’s idiotic

@matthewedwards9423 25 күн бұрын

@@jferg8956 Handing 25% of your equity to the bookmaker is idiotic. If you have a $50k+ roll on an exchange, or at least the ability to load those kind of funds up at short notice, and you have access to home run markets, then you can hedge at least some, if not all, of your action. He's offered $12k here. If he declines that and instead bets against for $50k at odds of -700 (what is that, 1/6?)he's at least getting a large percentage of that £12k (over $8k), and it cost him $50k instead of $200k. He doesn't even need that much more than $50k even at 1/6 to reach his cash out offer. Literally every dollar he hedges is gained ev compared to the value of his cash out.

@daveclark6324 2 ай бұрын

Great explanations and a great story as an example! I was excited for Teflon Don when you showed the Betts homer and then came the end of the story. 🤦‍♂ Dang it!

@alainrouleau 2 ай бұрын

Wow, crazy story and great explanation in terms of cashouts. Thanks!

@davidfish1 2 ай бұрын

Love the casey at the bat reference at the end😂

@jackoneill76 2 ай бұрын

One way of looking at it is that not taking the initial cash out was equivalent to placing a regular bet of $12k on that game. For somebody who initially wagered $5, these $12k were likely at least 5-times his “bankroll” (if one could even use that word here). Even for a recreational gambler, $12k should’ve been a large enough sum of money to make this a no-brainer cash out. Had he not been offered that initial cash out, but been presented with the something around $5k, then one might’ve argued that it’s an amount one is willing to risk. However, refusing the first and then taking the second one is just outright stupid.

@ThePatriots010304 2 ай бұрын

Which is why sportsbooks are in business. 99% of sports bettors are too emotional and can't do math.

@jsim596 2 ай бұрын

Totally agreed. If the amount you're being offered to cash out is an amount you could not responsibly afford to place as a standalone bet, I believe you should always cash out. I think it's useful to think of marginal value vs. linear value in situations like that. You also don't have an infinite time horizon to get paid off on letting all your lottery tickets ride. The time to think about pure value is before you place the lottery ticket bet (i.e. don't do it).

@Votd66 Ай бұрын

Truly amazing video. First video watched and can already tell this will be one of my favorite channels of all time. Subscribed.

@Unabated Ай бұрын

Thanks for finding us - plenty more to explore!

@abirosak Ай бұрын

A well structured video with a story!

@hurricanefan191 2 ай бұрын

Great video man. Subbed 🤝

@Unabated 2 ай бұрын

Appreciate it!

@finotti3509 2 ай бұрын

What an incredible story!!!! I can't wait till I get my turn!!!

@RalGee1133 2 ай бұрын

Great story! Thanks for sharing.

@PitOneGaming 2 ай бұрын

Awesome channel!

@Unabated 2 ай бұрын

Thank you!

@rickyrekk5008 2 ай бұрын

Great story man i love your channel !(ps: i subbed)

@Unabated 2 ай бұрын

Thanks for subbing. 💪

@Brayness 2 ай бұрын

In my experience, it seems like Fandeul almost always offers a 100% refund if the lines have not moved against you

@anthonyscerbo8274 2 ай бұрын

I’ve even noticed they will let you cash for 100% refund if the line moves 2 Pennies. (-110 to -108) if you took -110 you could still cash at 100%

@ThePatriots010304 2 ай бұрын

Lack of emotional self-control and the inability to do math is a dangerous combination.

@jackoneill76 2 ай бұрын

Doesn’t even take any math at all to realize that he’s placing a $12k bet. He likely never would’ve even considered the possibility of taking that amount out of his bank account to bet it on a single game. But that’s the gambler’s fallacy: for them, it’s as if they had somehow “lost” the $200k and “thrown away” that money. And then, after deciding that risking over $12k is perfectly within his financial capabilities - then suddenly a bit under $5k becomes such a precious sum that he can’t go without.

@m.hughmungus121 2 ай бұрын

this is essentially America's inner city crime problem

@mistersharp1982 2 ай бұрын

Nice content even if you are able to cut down the house advantage you are going up against MGM Properties, William Hill/Caesar's, Westgate and Circa sports and they are sure to you into a negative expectation value.

@midnitebo 2 ай бұрын

I would PUKE if what happened to Teflon Don, happened to me, based on his decision. Although, you can hardly cry about winning that much money on such a little bet.

@qpdbqpdb1 2 ай бұрын

He dug his own grave lol

@broncorik2268 2 ай бұрын

Only 2 at bats left im cashing the f out without a doubt. $5 to 12k is a great night and the chances to hit a home run is not great . I bet you if he didn’t cash out mookie wouldn’t have hit a HR

@djmavstar 2 ай бұрын

Crazy how i seen teflon tweets live

@stephenouma 2 ай бұрын

I've cashed out of too many bets I should have won, just hedge for a guaranteed profit 😅😂😂😂😮

@hybridnation5860 21 күн бұрын

Same 😢😂

@zachpauley7975 2 ай бұрын

Thats Heart Breaking probably still bothers him to this day

@modernman7576 2 ай бұрын

I mean he made good value on a $5. It's hard to not let it ride at that point but still good return regardless

@mitkgraal6019 2 ай бұрын

Disgusting return

@mitkgraal6019 2 ай бұрын

He will never hit this ever again

@joebimtv 2 ай бұрын

Great video. But I would have cashed out 100 times out of 100. It would have hurt seeing Betts hit the home run, but it's still $12,000 of free money in exchange for $5.

@doctorflush878 2 ай бұрын

What about NASCAR before stage 2 ‘cash out” ?

@m.hughmungus121 2 ай бұрын

Kenny Rogers made a song on what to do

@JarrettSugar 2 ай бұрын

Ur right

@meljohn2202 2 ай бұрын

Omg i would be sick

@TJ-xt6dg 2 ай бұрын

Ouch! 192k gone

@euffemgrain 2 ай бұрын

He should have done a round robin😊

@bigmouthrob2957 2 ай бұрын

Where the picks

@JarrettSugar 2 ай бұрын

Hard rock sports book offers free full cash out there the purple book

@jimbojones9118 2 ай бұрын

Only if the lines haven't moved against you. Otherwise the cashout will be less than your placed the bet for

@buenoshumos420 2 ай бұрын

I miss the Time when Is right to cash out... There are none?

@Unabated 2 ай бұрын

Using cash out pregame to bail out of a wager where new information moves against you is the right time. Using cash out in-game is never the right time.

@jimbojones9118 2 ай бұрын

Only cash out if it is life changing money

@chriskurtz8744 2 ай бұрын

My thoughts, I only wagered 5 dollars. I'm one player away. 12k won't change my life, 4k won't. Just let it ride once you're that close.

@Top10TipsforSportsBetting Ай бұрын

Never use cash out.. it’s a really bad habit and you pay house edge.

@daytimestudios3678 2 ай бұрын

Taxes man 😂

@hybridnation5860 21 күн бұрын

O My Goodness if I got an Offer for over 12K on a 5 $ bet bs a dude hitting a Homer adding on 180+K or 0 ima take the 12 K hahaha

@hybridnation5860 21 күн бұрын

Then watch the Homer hit 😢😂🎉 but hey It is what it is. I won 😅

@Horseracingtip 2 ай бұрын

Poor teflon Don. Hang in there.

@honorarymancunian7433 2 ай бұрын

Nooooooooooooo

@gamechangertmc3994 Ай бұрын

Listen cash out is best if you ever had your time ticket busted by an extra time Winner

@ThyUnit. Ай бұрын

$5 come on man let that ride, you are only losing $5

@primeva7579 2 ай бұрын

As a logical thinker, im sure taking the 12k on a $5 bet would have been beneficial

@Mowersplus84 23 күн бұрын

He waged $5 and they offered him nearly $13,000 even after mookie got a single and then a fly out. It's a no-brainer you take the 13k especially when you know how hard even a three-leg parlay is to hit