Caesars Sportsbook cash-out option.

[mama whoiscrying]

Is this feature only available on the online Caesars sportsbook app? Or do they do this at the counter as well. Have a fairly large return possible on tonight's NFL game.

I've done it once online and it worked out well for me but not sure if this is an option for counter tickets as well.

Any help or knowledge about this is appreciated.

Thanks

[d2bets]

Get some cash. Hedge instead.

[mama whoiscrying]

Get some cash. Hedge instead.

I totally understand your point and agree however sometimes with the Cash out option on my app they offer quite a bit more than I could make by hedging. I was just trying to save myself a drive today to see if anyone knew If they offered it at the counter as well.

[pologq]

i would hedge before or even live bet hedge. these cash payouts can look a lot better than they really are at times.

[jjgold]

Biggest suckers in world cash out
It’s there for books to clean up
Never ever do it
Massive ripoff

[mama whoiscrying]

I don't know. Kinda tough. Last time they offered just over 3300 for a ticket that had 4000 payout. I took it and it worked out.

[biggie12]

I totally understand your point and agree however sometimes with the Cash out option on my app they offer quite a bit more than I could make by hedging. I was just trying to save myself a drive today to see if anyone knew If they offered it at the counter as well.

never ever would that be the case. I think you misunderstand how it works. Hedgin always better

[pologq]

hedging should always pay more than a cash out

[mama whoiscrying]

I am totally lost then and not understanding what you guys are trying to explain to me. A couple months back I had a $150 parlay that was paying just shy of 4100. I would have had to put 2200 down on the last leg to win 2000....after the game started I had a cash out option of 3300 and change on my app and I took it. I would have lost had I not taken their offer as the team that I originally had did not cover.

If I am missing something or doing this wrong please explain. How I understood it was that I would put roughly half down of what i could potentially win to sure that I would walk away with a decent payday. But when they are offering more for the cash out option why not?

[big joe 1212]

I am totally lost then and not understanding what you guys are trying to explain to me. A couple months back I had a $150 parlay that was paying just shy of 4100. I would have had to put 2200 down on the last leg to win 2000....after the game started I had a cash out option of 3300 and change on my app and I took it. I would have lost had I not taken their offer as the team that I originally had did not cover.

If I am missing something or doing this wrong please explain. How I understood it was that I would put roughly half down of what i could potentially win to sure that I would walk away with a decent payday. But when they are offering more for the cash out option why not?

Using the figures of 4100 if you win and you needed 2200 to hedge, I’d have to assume the last leg was about a -110 wager. If true, no way they’d offer you over a 3k cash out option for a 4100 pay day

[mama whoiscrying]

Using the figures of 4100 if you win and you needed 2200 to hedge, I’d have to assume the last leg was about a -110 wager. If true, no way they’d offer you over a 3k cash out option for a 4100 pay day

I get them all the time!

I'm guessing you're not familiar with it.
I've been within a few $100 of a 3000 pay out....they do it all the time.

Amazing with all the smart people on here that no one knew the answer to my original question.

App only. Not over the counter.

[allabout the $$$]

I get them all the time!

I'm guessing you're not familiar with it.
I've been within a few $100 of a 3000 pay out....they do it all the time.

Amazing with all the smart people on here that no one knew the answer to my original question.

App only. Not over the counter.

If your team takes the lead early yes I can see that. If your team is down they aren't offering you more than half.

There are different variables that come into play that would change the odds. If you don't want to take the risk of possibly cashing out for less then you would hedge to risk half.

[ThaWoj]

The cashout option is never going to be equal to or better than hedging. Like biggie said. Never.

[mama whoiscrying]

The cashout option is never going to be equal to or better than hedging. Like biggie said. Never.

Never. I'm sorry but you are absolutely wrong on this. It may be that way before or at the very beginning of the game but I've had them offer me cash out options up until nearly the final play of the game where the potential is very close to the original payout.

[mama whoiscrying]

Man this site is full of dumb f**** no wonder there's no one here anymore and they're all across the street

[mama whoiscrying]

Any man that puts BIG in front of his name is ABSOLUTELY the opposite.

[big joe 1212]

You are a dumb son of a bitch for even asking this question on here. Of course in person sportsbooks don’t offer cash outs.

Should you take a Cash Out?

While it may be enticing to lock up a profit or cut your losses, more often than not a bettor should pass on accepting a Cash Out offer from a sportsbook.
When placing a bet, you know what you’re getting into, or at least you should. You know the amount you’re wagering and you know the amounts you can win or lose. If these amounts are being properly managed within a bettor’s bankroll, winning and losing comes with the territory. By accepting a Cash Out, you’re limiting the amount you can win, and that’s going to add up in the long run.
You might be saying that you can also cut your losses. Yes, you can, but you’re also cutting off any chance the bet has to win. There have been plenty of incredible comebacks in sports. For example, the New England Patriots came back from down 28-3 with just over 6 minutes left in Super Bowl LI.
When you place a wager, you know the amount you can lose and you should give yourself maximum time (the full game or event) to win the bet and not forfeit ahead of time.
A bettor also has to think about the value that the sportsbook is getting. Sportsbooks wouldn’t offer Cash Out options if it wasn’t in their favor, and there is likely some juice baked into the Cash Out price to benefit them.
What sportsbooks offer Cash Outs?

Most online and mobile sportsbooks in the legal U.S. market now offer a form of Cash Out or Buy Out on active wagers. DraftKings, FanDuel, PointsBet, BetMGM, and many other legal U.S. sportsbooks offer the Cash Out feature. The feature may be called something else, such as a Buy Out, so be sure to read up on what is offered at the sportsbook of your choice.
In the U.S., the Cash Out feature is one that is exclusive to online and mobile betting. Brick-and-mortar sportsbooks are not known to offer Cash Outs.

[ThaWoj]

Never. I'm sorry but you are absolutely wrong on this. It may be that way before or at the very beginning of the game but I've had them offer me cash out options up until nearly the final play of the game where the potential is very close to the original payout.

Unless it's a bad line on their part there is no way. Ive seen instances where the cashout is pretty close to the equivalent of hedging.

The only time I could ever see what you're saying be true is if your team was up so much near the end that the cashout is only a short amount away from the original payout and the live line for the other side is juiced bad i.e. team is down 3 goals in soccer with 5 minutes left and they're offering 50-1 or 100-1 when the line should be more like 250-1

[cincinnatikid513]

Man this site is full of dumb f**** no wonder there's no one here anymore and they're all across the street

theres like 5 people across the street talking to themselves

[allabout the $$$]

Man this site is full of dumb f**** no wonder there's no one here anymore and they're all across the street

so then leave

[pologq]

books would not make money offering the full value of a win when allowing an early cash out. if you found a loophole or a foolish book, then good for you. i just have not seen it myself.

[jjgold]

Books only offer things for suckers
Most gamblers suckers

[d2bets]

Unless it's a bad line on their part there is no way. Ive seen instances where the cashout is pretty close to the equivalent of hedging.

The only time I could ever see what you're saying be true is if your team was up so much near the end that the cashout is only a short amount away from the original payout and the live line for the other side is juiced bad i.e. team is down 3 goals in soccer with 5 minutes left and they're offering 50-1 or 100-1 when the line should be more like 250-1

This man knows what he's talking about.

The only other cashout I'll entertain is a free one. At some books, if the line is the same as what you bet, you can cash out for free. Sometimes you like it when you placed it, but then it hasn't budged the way you though, so you bail. Otherwise, cashouts are invariably worse than if you simply bet the other side (which is usually unwise also). One other very narrow exception: the line on the other side is great, but you've reached the max wager at that book.

[pologq]

some books leave the cashout at the same amount as the wager for a bit of time after you place the bet. i respect that cause sometimes you do change your mind.

[d2bets]

some books leave the cashout at the same amount as the wager for a bit of time after you place the bet. i respect that cause sometimes you do change your mind.

Yes, exactly. They should offer that as long as the line hasn't changed.