I suspect it was before City dropped points at Liverpool and Spurs/Arsenal drew, at one point on Saturday Spurs went top. Your cashout price now would be around £40K I reckon.

How do the bookies arrive at the £29,000 figure and after the weekend results what would it be now? If only we had a betting expert on here.

I'm led to believe that they add profit margin on to cash outs as well as the original bet

 

So in reality your paying the margin twice

 

Doesn't mean a lot on a single occasion but over the course of time it adds up

I could have took a bet on Bolton getting relegated at 8/1 a few months ago, but it's not in my nature wanting my own team to sink.

I could have took a bet on Bolton getting relegated at 8/1 a few months ago, but it's not in my nature wanting my own team to sink.

If you'd had put £2m on it you could have saved the club. #shitfan

If you'd had put £2m on it you could have saved the club. #shitfan

Just cant bet on Bolton losing, two mates had hefty bets on the Whites losing the first leg against Trashmere, I was astounded when they showed me the slips before the game.

i bet against us once

 

20 quid on tranmere at 15/2

 

fa cup replay i think

 

thought it meant i couldnt lose

 

all went well til we equalised in the last minute of normal time

 

then lost in extra fcuking time

 

i hate bolton wanderers

Just cant bet on Bolton losing, two mates had hefty bets on the Whites losing the first leg against Trashmere, I was astounded when they showed me the slips before the game.

I can't either or oddly back us either. It's like wanting a Bolton win and financial gain is just too much to ask:)

I've backed Bolton at 3/1 to finish bottom.

i bet against us once

 

20 quid on tranmere at 15/2

 

fa cup replay i think

 

thought it meant i couldnt lose

 

all went well til we equalised in the last minute of normal time

 

then lost in extra fcuking time

 

i hate bolton wanderers

Did the same, didn't go the match obviously

 

We scored with the last kick to go to extra time to lose the bet then they scored within the first minute of extra time to lose the game anyway

 

It really was a message to say don't bet against your own team dickhead

What odds to win the Prem this year then relegated next?

If as you have pointed out Leicester are close to evens then why cash out at 3/1? (£29k instead of £100k)

Surely you could have got £40k laying on bet fair or even on eBay selling the bet privately

£29k just seems cheap looking at were the market is at

I think transferring the bet to someone else could invalidate the bet. You get into murky waters, with the bet being a debt of honour in the first place !

 

Laying the bet off with bet fair involves a lot of money.

 

I remember when Garp (RIP) had his big bet in the Super Bowl and held his nerve,

Garp is where I got the old 'never ever cash out, ever!!' advise from

 

As I said it's more relevant to the regular gamblers who are in it with high stakes

 

If your 25 team acca is cashing out at £400k from a 50p stake with only 1 team to go then it's not quite the same thing

The only people who say never cash out are bookies.

 

Wonder why?

i reckon even Garp would cash out on a 5000/1, it's a novelty bet.

The only people who say never cash out are bookies.

 

Wonder why?

 

Wrong.

 

Bookies actively promote the cash out facility.

 

Why would they do that?

I lost 3.6k before xmas, goals galore result, Burnley equalised in 95th minute at Cardiff, own goal too, I had Cardiff to win, set of Welsh Cunts.

 

I think if they offered my 2.5k for a 5 quid bet Id have cashed out, another trip to Barbados paid for.

My mate cashed out for £50 at half time a few weeks a go

 

The fucker ended up coming in for £2k - he was devastated

 

Idiot

I cashed out 240 of a 320 btts/result treble bet about 45 seconds before Fulham equalised against us.

 

One of the best parts of the season.

i reckon even Garp would cash out on a 5000/1, it's a novelty bet.

He wouldn't

He wouldn't

 

correct

I lost 3.6k before xmas, goals galore result, Burnley equalised in 95th minute at Cardiff, own goal too, I had Cardiff to win, set of Welsh Cunts.

 

I think if they offered my 2.5k for a 5 quid bet Id have cashed out, another trip to Barbados paid for.

 

You didn't lose £3600.

You lost your stake money.

 

The £3600 was a notional dream

It is simple maths.

 

If Leicester are evens to win the league and the bloke cashes out his 100k potential for £29k, the bookies are going to win.

 

The reason proper gamblers do not cash out is that you are taking poor odds.

 

Gambling is about understanding the odds of something happening better than folk setting the odds. The issue comes when you winnings are so high they can make a real difference to your life.

 

Bookies will be loving these stories, Leicester winning they league will be a massive winner for them, plus all these stories will mean even more people chasing such high odds wins again next season.

Another one.

 

http://www.bbc.co.uk/news/uk-england-coventry-warwickshire-35747633

Another one.

 

http://www.bbc.co.uk/news/uk-england-coventry-warwickshire-35747633

So this bloke can now pay off his mortgage, so I reckon that's a fair enough cash out. Stress free for the rest of his life now (provided he stays on that house)