Would you cash out?

Would you cash out?

  • Yes

    Votes: 15 55.6%

  • No, let it roll for a bit longer

    Votes: 7 25.9%

  • No. let it go to the end of the season

    Votes: 5 18.5%
  • Total voters
    27
C

ColchesterFC

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The guy that bet £20 on Leicester to win the Premier League at odds of 5000/1 cashed out his bet this weekend for £29000. I can see why he did it as it's a deposit on a house or a new car and a holiday but part of me thinks that he should have stayed with it for a couple more weeks especially as Leicester have some very winnable games coming up including Newcastle at home next up. Think I might have let it roll for at least another week before looking to cash out.

So a simple question, would you have cashed out the bet?
 
was talk that someone who had £50 on at 5000/1 cashed out for £72k too

Cashout offers horrible value so for me Id have looked to have traded some back using the exchanges I expect. Im a trader by nature though so often trade my betting positions and cant see why I wouldnt have done so here
 
Yeah would defiantly had bottled it and cashed out
 
ColchesterFC said:
The guy that bet £20 on Leicester to win the Premier League at odds of 5000/1 cashed out his bet this weekend for £29000. I can see why he did it as it's a deposit on a house or a new car and a holiday but part of me thinks that he should have stayed with it for a couple more weeks especially as Leicester have some very winnable games coming up including Newcastle at home next up. Think I might have let it roll for at least another week before looking to cash out.

So a simple question, would you have cashed out the bet?
Click to expand...

With a five point gap I'd have hung in there a bit longer
 
Not a fan of cash out ever but id ask for 15k for half the stake. Let the other £10 ride. Deal or no deal.


29000 is an awful lot of money though.....
 
HomerJSimpson said:
With a five point gap I'd have hung in there a bit longer
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I think I would have done the same but if it went wrong next weekend and they then only had a 2 point gap the cash out offer would possibly only have been half as much. I suppose it depends on whether you look at it as winning £14000 from a £20 bet next weekend or losing £15000 because you could've cashed out for more. And then also whether you would look at it as losing £71000 if they do go on and win the title and you've already cashed out.

Having said all that I still think I would have let it roll for at least one more week until after the Newcastle game. Newcastle need a win and will have to go for it and that should suit Leicester.
 
My ar5e would've gone weeks ago and probably cashed out for a few hundred😃
 
It's OK saying leave it to run a bit longer but literally a bad first half and Arsenal and Spurs in a winning position in the next game could see that £29,000 turn into say £8000 within minutes. The odds re-adjust second by second and once it's changed there's no going back. Leave that to run hoping to recover and another bad turn of events means you lose the lot. Sensible choice in my book but there again I often cash (whimp) out if I get 3 of my 4 matches in on a weekend and it offers me 20 quid!!! Hope Leicester do it though....what a story.
 
Fyldewhite said:
It's OK saying leave it to run a bit longer but literally a bad first half and Arsenal and Spurs in a winning position in the next game could see that £29,000 turn into say £8000 within minutes. The odds re-adjust second by second and once it's changed there's no going back. Leave that to run hoping to recover and another bad turn of events means you lose the lot. Sensible choice in my book but there again I often cash (whimp) out if I get 3 of my 4 matches in on a weekend and it offers me 20 quid!!! Hope Leicester do it though....what a story.
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What are the run in for Leicester, Arsenal and Stoke
 
I've never cashed out as I don't think it's right. I'd let it ride and enjoy the full value of the bet when they win it.

If they don't I've lost £50.

£29k is a decent return from £50 stake but that only equates to 580/1, 10% of its actual value with 9 games left.

Would you have backed Leicester at that price to win the league after the season they had last season?
 
Last edited by a moderator:
Based on what has happened so far this season, where is there any logic at all at looking at future fixtures and trying to predict who's going to beat who?

£20 won him £29K, whatever happens now I hope he lives with the thought that he's done the right thing.
 
On the one hand, surely you'd want to get the full value for your bet and see it all the way to the wire but on the other hand £29,000 is a shed load of cash. If you lose for the original bet what a ride you'd have had
 
Three said:
Based on what has happened so far this season, where is there any logic at all at looking at future fixtures and trying to predict who's going to beat who?

£20 won him £29K, whatever happens now I hope he lives with the thought that he's done the right thing.
Click to expand...

You are right on both counts. You can't predict anything this season and £29k is a lot of cash for a £20 stake and so I hope he's happy with the decision. However if Leicester do hold on, won't he always then have the "what if" Hard call and you don't know if he needs the cash now in which case it's undoubtedly the right decision
 
What are Leicester currently, 3 to 1 or something?
I'd be tempted to stick 9K on them to win, if he wins he gets another 27k,if he loses he's still got 20k more than he would have had if he'd not cashed out.
 
The bookies have enough statisticians that they know they are getting a good deal out of anything they are offering. But I would 'bottle' it as well.

Only ever bet what you know you can lose. But at that point you stopped betting £20 and are betting £29k.
'Deal or no deal' in real liefe, but at least without Noel and the other 19 ready people who 'feel' what their bro contains.
 
Three said:
What are Leicester currently, 3 to 1 or something?
I'd be tempted to stick 9K on them to win, if he wins he gets another 27k,if he loses he's still got 20k more than he would have had if he'd not cashed out.
Click to expand...

They're around 6/4 now.

I don't like cash out, it preys on he weak.
 
Stuart_C said:
They're around 6/4 now.

I don't like cash out, it preys on he weak.
Click to expand...

saving bookies a fortune, every time theyre in danger of a big pay out they buy out way below true value so never have the real liability exposure, its amazing how high the take up on cash out is (and people rarely do the maths to see how bad a deal they are getting, just are happy to have won)

5/4 top price leicester now, all the 11/8 went yesterday
 
Stuart_C said:
They're around 6/4 now.

I don't like cash out, it preys on he weak.
Click to expand...

I wish I'd of been week yesterday, cash out at 2-0 was only 3 quid less than what I'd won if Robbie hadn't messed up.
 
Stuart_C said:
They're around 6/4 now.

I don't like cash out, it preys on he weak.
Click to expand...

Leicester still have 9 games left, almost a quarter of the season.

Personally I would say that taking £29K now from a £20 bet is not weak, just sensible. It's Leicester after all, not Man City or Arsenal
 
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