"CASH OUT" - NOW or NEVER?

[White Feather]

I am not sure if the above topic has been discussed in PL forum?

 

Prior to Covid, I placed my bets in my local bookies - Ladbrokes and BETFRED.

When the dreaded Covid hit our shores and lockdown was introduced, I decided to open a few accounts with online bookmakers for the first time ever, as all bookmakers shops closed.

 

Over the last couple of years I had the opportunity to "cash out" and at the start I was very wary of it? but I have made decisions on accepting "cash out" and other times I have let my bet(s) run.

 

The results have been mixed - accepting "cash out" and bet goes on to win - refusing "cash out" offer and bet losses, a few of them being football accas.

 

Saturday 11^th November, I placed a £5 e/w double - odds were 18/1 and 20/1 - the 18/1 shot wins and bet 365 offer me a "cash out" of £106 - potential returns £2,225 - I decide to let my bet run - my 20/1 shot is running in the November handicap paying 4 places - my horse finishes 8^th - so e/w double is gubbed.

 

I would be interested to know from PL forum what your thoughts are on "Cashing Out" your bet(s)?

I understand it can go one way or another? Is it a benefit to punters or is it another way for the bookies to cover there potential losses?

 

Thank you in advance.

 

[LEE-GRAYS]

On the whole I have made more by cashing out but have had fingers burned a couple of times