EURO 2024 has treated us to a feast of football. This is especially true if you’re an avid punter, given the frequency of games has provided regular opportunities to try and turn a profit.
While back-to-back games can potentially lead to exponential profits, it also raises the question of whether the automatic cash-out feature being offered by bookmakers is a worthwhile idea.
What is Auto Cash-Out in Betting?
The auto cash-out option automatically transfers your winnings to your account once they reach a set amount you specify in advance. It’s one of a range of automaton features that can be found in slot games. For example, the autoplay feature, which comes with its own pros and cons, allows a player to set how many spins they want to play without having to hit the spin button for each one. They decide their bet amount, then the number of spins, and away they go.
Auto cash-out mirrors this concept with users able to set a specified cash-out amount which, if reached, will immediately be added to their balance. In this instance and in real-world terms, here is what it might look like if you’re betting on football.
So let’s say your auto cash-out limit is £50, and you bet £100 on England to beat Germany at odds of 4/6. England then take a two-goal advantage into half-time and your cash-out limit goes above £50. Your bookmaker will now settle the bet and deposit £50 into your account.
What Are the Advantages?
One of the biggest advantages is that auto cash-out helps you avoid potential losses if the game’s outcome suddenly changes for the worse.
It’s 1-0 to England. And of course it’s Jude Bellingham!#BBCEuros #Euro2024 #SRBENG pic.twitter.com/pegZuDdP5D
— BBC Sport (@BBCSport) June 16, 2024
For instance, if Gareth Southgate’s men fail to control the game in the second half – which has historically been their Achilles heel – and Germany stage a comeback, it’s not a problem for you, because you’ve already secured a portion of your winnings.
The other advantage of auto cash-out is that it takes emotion out of the decision if you are unable to watch the game live. So let’s say Germany outplayed England in the first half and the Three Lions’ two goals came against the run of play. Here, cashing out would be the wisest option.
However, if you were watching the game, you might be tempted to let the bet play out and secure your full winnings despite real-time evidence suggesting otherwise.
You could say that auto cash-out ensures you don’t fall prey to regrets.
Any Negatives?
The most obvious negative is that you forfeit the opportunity to win the full amount of your bet if the result remains unchanged.
In this case, that would be fractionally over £66, which would see you lose out on an additional £16 profit. While this specific loss is nominal, it could be particularly galling if your stake and odds were higher.
Verdict
The key to successful betting is striking a balance between discipline and strategy. So often we see advantageous positions of profit surrendered because we were unable to walk away when the evidence suggested it was the best course of action.
REDEMPTION! 🇦🇱
Klaus Gjasula with the LATE equaliser for Albania after his own goal put them behind #Euro2024 | #CROALB pic.twitter.com/5OBkfWjbZx
— ITV Football (@itvfootball) June 19, 2024
With this in mind, the auto cash-out feature is undoubtedly a net gain for betters who want to maximise profits over the long run.
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