Deal or No Deal - the “CASH OUT” option
Making wise decisions to ensure a return
When engaging in a Multi Bet, it is crucial to recognise that achieving success and securing a profitable win does not necessitate the triumph of every individual component of the bet. Contingent upon the number of legs within the Multi, you may receive a 'Cash Out' offer on a single Fixed odds bet at the completion of each successful leg. This feature enables bettors to collect a return prior to the finalisation or conclusion of the event on which the bet was placed. Settling early can be a win-win situation. It is judicious to conduct an analysis and evaluate the pros and cons.
In the event that you successfully land two or three legs (or more) within a given multiple bet, you should be able to ascertain whether a cash out offer has been extended and the value of that submission as determined by the betting agencies. To begin, it will be quite low. However, it is contingent upon the total return and the bookies own risk management criteria, which determines how close you may come to taking a larger lump sum. The offer is subject to change based on the pricing algorithms of the remaining "Live" legs. These algorithms automatically adjust the payout in real time. An inverse relationship exists between the price of a horse and the value of an offer. As the price decreases, the offer decreases in value. Conversely, as the odds increase, the offer increases incrementally. If you continue to participate and win another leg, the offer will expand to the next level as their risk grows, continuing to rise in value.
Bookies understand their customers can get trigger-happy, so they make sure those early cashouts are much lower than they should be. Often, it is a sound strategy to wait until just before the final leg of a race to cash out. This ensures that you receive the highest possible cash-out offer before the final leg concludes. There are no definitive guidelines when evaluating your optimal course of action. It is highly dependent on your initial investment stake and your desired profit margin. For instance, if the initial investment is $10 and the Cash Out offer reaches $200, but the potential overall return is $1000, you must decide whether a 190% profit is preferable to continuing and risking a potential loss. It is challenging to determine with certainty, as greed can be a factor when closing in on a big return, as well as your level of comfort with the remaining legs.
As a general rule, once you reach approximately 25% of the projected total return, it is advisable to carefully consider accepting the offer and reallocating the funds for potential future investment opportunities. The level of risk is directly proportional to the number of legs involved, but the potential reward may also be higher. In order to successfully accept a cash out offer, it is essential to closely monitor the events and the current progress to determine if the offer presented aligns with your objectives and is advantageous. When you are certain of your capabilities and committed to seeing it through to completion, this consideration becomes less relevant in the evaluation of potential offers.
Some of our most substantial returns have been the result of our unwavering commitment to seeing the Multi through to its conclusion - a strategy based on sound research. But be advised - selecting a higher priced fixed odds winner in the final leg with a low probability of winning solely to enhance the potential payout of a Multi bet, is not a prudent strategy. It is not necessarily the case that a larger cash out offer will be submitted, as the algorithms will appropriately adjust the offer in accordance with their established criteria. A mid priced final leg selection would be more prudent and would increase the cash out offer to a reasonable level. In essence, any profitable return on investment is preferable to relinquishing your investment to the bookmakers. Exercise good judgment and maintain a well-defined understanding of your desired objectives.
Where possible we will provide live updates on any suggested King Multibuster bet that are still live and closing in on a reasonable return, weighing up the possible outcome and the most logical options. Ideally, based on our approach, more then one Multi may still be live, therefore we need to consider whether to cash out one or more and take a profit, while possibly allowing at least one Multi to ride through to it's conclusion.