Top 3 Non GamStop Bookmakers With Cash Out Function
Cash-out sports betting has been available online at almost all top sportsbooks outside GamStop on gamblingpro.pro for several years now. In this article, we’ll first look at the best betting providers with a cash-out feature. We’ll then show you how early payouts work, including the mathematics involved. We’ve also prepared a series of tips and strategies for you that should make it easier for you to consciously use the cash-out feature in the future.
Top 3 non GamStop bookmakers with cash out function
Below, we’ve compiled what we believe to be the three best non GamStop bookmakers for cash-out betting. Now, let’s take a look at the three platforms specifically positioned for sports betting with cash-out functionality:
Spicy Jackpots
Spicy Jackpots scores particularly well in the Premier League with one of the best live betting offers you can find. In addition, the betting odds are usually a bit higher than on other platforms.
When it comes to outright winner bets, we’ve found that the early sale strategy is only of limited use, as offers for non-favorites only become truly attractive once the probability of an outright victory has reached a sufficiently high level. However, the approaches presented for the Premier League are particularly outstanding, especially due to the combination bets available. You can also read full review of Spicy Jackpots Casino.
CasinoJoy
CasinoJoy is particularly recommended for Premier League betting because it focuses primarily on football.
Accordingly, Premier League bets are the most popular here, and customer support is correspondingly competent and fast, which should play into your hands, especially when it comes to cash-outs, where speed is of the essence. Anyone who plays combination bets with favorite picks and speculates on a cash-out can’t go wrong here, especially since CasinoJoy often offers the most attractive Premier League odds, especially for favorite picks.
Wreckbet Casino
Last but not least, we’d like to recommend Wreckbet Casino. This provider scores highly with consistently good odds, which is why cash outs are available almost everywhere.
Another big advantage: You can quickly find your way around the website, benefit from all relevant Premier League markets, receive a top bonus as a new customer, and can pay with PayPal, which is something that many users miss at major online bookies.
An early cash out renders the calculation of value bets absurd!
Let’s rewind a step in sports betting theory and return to the question of when exactly a bet should be placed if the goal is not just a short-term profit determined by luck or bad luck, but rather a long-term profit. Namely, whenever there is sufficient value in the bet. This is also referred to as a positive expected value. Anyone who places 100 bets with a positive expected value will ultimately make a profit, as the turnover from the winning betting slips offsets the stakes on all the slips – including the losing ones – so that the final result is a profit.
If you don’t know how value bets are calculated and betting odds are converted into probabilities at non GamStop bookmakers, you absolutely must read and internalize the accompanying basic guide. Without this knowledge, you lack any foundation for long-term success in sports betting. And if you’ve understood the basic article, then you should now understand why the cash-out function is, mathematically speaking, a declaration of bankruptcy. It completely invalidates the preliminary calculations of value bets!
To explain this, let’s look again at the example of Leicester fan John Pyke. He placed a bet of 50 British pounds at odds of 5,000.00, which in itself was a bet that was anything but serious in terms of money management. Nevertheless, it may have been justified in terms of value, because at odds of 5,000.00, a probability of 0.02% that the bet will ultimately come true is enough to create a positive expected value. The problem is: with this probability, you would have to play this bet at least 5,000 times for it to statistically come true once. That would mean you would have to bet 50 pounds 5,000 times, or invest 250,000 pounds. Even if you set the probability of the sensational championship win at exactly 1%, the bet would have to be played 100 times. So, John Pyke would have had to invest £5,000 to win, although we all know that with a 1% probability, there’s no chance of getting a win in exactly 100 attempts. There could just as easily be 100,000 attempts without a win. Only when the number of cases reaches the millions, or even better, the billions, will the statistics settle down to the aforementioned 1%. It’s like a six-sided die: in six throws, it won’t show every number once, but in a billion throws, it will show every number approximately 16.67% of the time.
In short: Although the goal ultimately proved John Pyke right to some extent, this kind of betting behavior still results in a loss. And a significant one at that.
What made the matter all the more annoying, however, was the fact that the fan ultimately sold the bet. And that also means that he was ultimately cheated out of his value. If one assumes that only once in 100 cases does Leicester even find themselves in a situation where they are still top of the table at such a late moment in the season, which makes a cash-out possible in the first place, and then assumes that the fan always sells in these situations, then the high odds of 5,000.00 that ultimately tempted him to place this bet are completely irrelevant. A cash-out of £29,000 on a £50 stake would ultimately correspond to odds of 580.00. And that, in turn, would mean that the bet only has value if a probability of 0.2% can be assumed instead of 0.02%.
While this may not make much of a difference in these dimensions, these are also extreme examples. If you limit yourself to conventional bets, an example might look something like this:
You’re betting on an away loss for Bayern Munich in the upcoming Premier League match, facing an underdog. The bookmakers have offered odds of 10.00 for Tip 1. You placed a €10 stake, as you estimated the probability of the underdog’s home win to be at least the required 11%. Let’s say you assumed a 15% probability in your calculations.
Let’s say the underdog is actually leading 1-0 at halftime. Bayern come out of the locker room and push for an equalizer, have their first chances to score, but are yet to convert. The score remains 1-0. A €10 stake at odds of 10.00 would normally yield a profit of €100. The bookmaker offers you a cash-out of €42 in the 55th minute (note: this is merely an illustrative example and by no means an average cash-out offer in these situations!). You get cold feet because an equalizer is in the air and sell the bet. So, for a €10 stake, you received €42, or a profit of €32. It would have been as if you had placed the bet at odds of 4.20.
And this is where things immediately become clear. For a bet at odds of 4.20 to even be considered, a probability of occurrence of 24% is required. However, your calculations have now arrived at a 15% chance of the underdog winning. This means that, in the long run, with this cash-out behavior, you will end up with a negative expected value for a bet that originally had value. And that, in turn, means that all your analyses will ultimately be for nothing if you fall for this bookie “trick” and allow yourself to be robbed of your value for what seems like a quick buck.
Nevertheless, there are ways in which the Cash Out function can be used very effectively and profitably.
