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Cash Outs are a Rip

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aikman.tr

aikman.tr

Joined
May 31, 2022
Messages
1,121
Got bluejays -580

Risk 318 to win 377

Draft kings offer me $321 to cash out up 6-3 bottom of 7
U have to realize u still have 2 legs that need to win to get original full payout.

The books heavily juice the risk return after 1 leg has won.

Win a single -120 juice

Win a single event with 2 more legs to run,
Ur winning leg Is now -240


Would u have bet -240 on the 1st leg?
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
1,700
Watching Pirates/Dbacks - this is why people take cash outs.

2-1 top 9 Dbacks

Pirates tie with 2 out double

Come back and score 4 in 10th

Dbacks start b 10 with a fan interference HR

Damn - big swings in this game
 

KVB

KVB

Joined
Apr 11, 2023
Messages
11,583
Got bluejays -580

Risk 318 to win 377

Draft kings offer me $321 to cash out up 6-3 bottom of 7
They try to get people to bite at lower offers

If you want to bail out usually better off hedging/middling other side

Always get YOUR number. Not the number they steer you towards. Know what you're looking for and if it does get offered, I guess take it.

Problem is, they never offer enough, lol.

That's the vig.
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
1,700
👍🍺 ‘Cashing Out’ is like taking the insurance in blackjack. Only for suckers…..
Overall - I agree.

Only possible use I can see is someone betting big and locking up a profit vs absorbing all the risk and possibility of losing despite having an advantage at one point (basically opposite of insurance in blackjack where you bet knowing the house holds a significant advantage and are hoping to avoid an automatic loss).

For recreational gambler/small timer though - it’s not an advantage and you’re basically accepting shorter odds. Never a smart play - only reason that they should consider is if they are on tail end of a big parlay.
 
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