THERE'S always a lot of talk about whether you should cash out a bet and my preference is to look at cover options.
So how do you feel about a Coral punter from Aberdeen who won £49,989 for a £5 stake when he cashed out on a League Cup accumulator – but missed out on a £273.000 jackpot after his final selection went on to win? To be fair I'd feel gutted but thrilled all at the same time.
Amazingly, the 37-year-old punter predicted nine shock results on Tuesday and just needed Portsmouth to beat Derby on Wednesday to scoop the windfall. His other teams were Burton, Shrewsbury, Hartlepool, Ipswich, Northampton, Notts County, Birmingham, Brighton and MK Dons and it was a fairly remarkable line.
He made the decision to take advantage of Coral's cash-out facility prior to kick-off rather than risk Derby drawing or losing with a big stake at a short price. Pompey of course won 2-1 meaning his decision cost him more than £220k.
Coral spokesperson Nicola McGeady said: “Our cash-out option gives punters a deal or no deal type opportunity to take a sum of money rather than let their bets play out and risking going home empty-handed. The customer had a difficult decision to make before kick-off but didn't want to risk being left with nothing.
“Although the result didn't go his way many others would have done the same thing in his shoes and although he didn't win the jackpot he has still scooped a life-changing amount of money for a fiver.”
I wonder if he'll enter my Line of the Week contest in the Daily Record?
In December 2020 we sadly 
I would have begged steal or borrowed to cover that bet,
I’m sure he feels sick
To be honest i would be fairly sick too, hard to believe he couldn’t even borrow money to cover the bet, surely he would have found someone.
Paul Durcan, he maybe didn’t know he had that option.
I think you mean Derby not to lose
L1, indeed I do.
Derby were odds on to win, so Derby D/C would have been very poor odds. He’d have had to stake a huge amount of money to fully cover the bet. Without the benefit of hindsight, I think he did the right thing.
im a pompey fan and if I was waiting on us I think I would of cashed out to be honest lol
And that would have been around 1/6 so not really a good option
As Alan points out the cover bet would be huge … what was he meant to do remortgage his home overnight …
Personally I’d feel a little bit ished with myself for not taking the risk, (given the end outcome) although 50k off a 5er is a life changing amount (for me and i’m sure many others at least), which would give a huge feeling of gratitude.
I have definitely cashed out before which has benefited me; i’d hate to be on the other side of the spectrum.
I have been on the other side of the spectrum.
Many a time i’ve had winnings snatched away from me at the last moment. Again, (personally) if i was this dude, i would definitely have waited for the in-play market to change, but then at my own peril see that 50k drop in a different circumstance.
one huge bit of advice i was given (on here no less) was about taking winnings at a point where you have really exceeded your profit expectations. i was advised to take an amount at 400% more than my initial stake.. It was great advice at the time.
I have been a bit too hopeful since, and therefore suffered quite an amount of times where i could have cashed out for a decent profit, but for the last or second last bet to fail on me.
I guess it all comes down to what your expectations are from the bets that you place, in overall hindsight i feel the guy did well to cash out before kick off.
I apologies for the essay, been on the juice tonight!
Good Luck to all with your punts.
Forwards!
I understand why he cashed out, the only thing I would question is why pick all those games on the Tuesday knowing that youd be waiting on a team the day after. If hed have done an acca with all those sides in for the Tuesday he would have benefitted from a bit more than 50k
£5 to fifty grand nice work for a Tuesday night
Can you imaging telling the wife if derby had won and he lost the lot
Enjoy your winnings feller
I normally do not take the cash out option because I belive if I back it I believe it will win
However in these circumstances having to wait 24 hours for the last games it would have been so tempting to cash out
Enjoy your winnings big man but as suggested earlier just back them all to win on one night.
Good Luck
MK Dons. If he was watching the Sky Soccer Special he must have thought that his bet was a loser. They were 1-0 down and other final scores were coming in.
Must have been an amazing feeling when he realised what had happened. Look on that result as the one that made you rich. Don’t think what might been if you had not cashed out. Enjoy the win but try to keep to level stakes for future bets. :)
Quite often on this site people ask for advice about cashing out when part of a bet has won. There were a few over on the racing page yesterday asking for advice. One punter had a hundred pounds double on two of Johnb’s horses. He asked for advice as he had the first winner at around 3/1. Someone advised cashing out and putting £100 onto the second horse. A fair thing to do but the double was left to run and came in, resulting in £2400 being paid.
When it’s someone else’s money it’s difficult advice to give. I would hate it to go wrong and then the punter blames me for giving bad advice. Who knows how good a person is who tells the person what to do.
At the end of the day the only person who can choose whether to stick or twist is the gambler who put the bet on. I know most people will blame only themselves for losing out, but for the amount this chap had i would sit on the fence.
I would be delighted with 50k cos’ how many times has one team let us down.Imagine his bet had lost and he didnt cashout….then he would be SICK
Congrats to the man, we don’t know his circumstances so fair play to him.
Everyone likes to give advice but the advice is very rarely taken.
How many of us got married?
Donald, you’re spot on. He just won £50k – that’s more than most have picked up ever.
With 49K on offer there is no way I would have let it ride.
Cover if possible and if not cash-out.
So many times the cash-out facility has proven the ‘sods law’ theory in the negative. ie you cash-out and the bet wins, you let it ride and it loses……or maybe it is just me.
JamesB81, to be fair the cover price unless he waited inplay would have been pretty short. I reckon most people would happily have taken £50k for a fiver.
MrF, you wait for the in-play and Derby could have scored in the first minute.
On reflection I’d have probably used the scaled cash-out, ie. about 75% and let 25% ride. That is presuming that Corals offer that facility, (I use bet365 and see it there).
Mr F the cover would have been practically impossible.
Even at the best odds I could find archived, on the 12th, Derby DC was @1.25 before the game. This would mean Betfred would have to have accepted a £218,500 bet and then either outcome would have landed around £54500 (just 4500 or so more).
I don’t think I have ever said this, but cash-out was a great option!!!
Jaseson, if that’s what the price was you’re right. His only chance would have been waiting and doing at 1-0 Pompey. I think he did the right thing.
99% off people would off took the £50k..Fair shout to him.& he wasn’t greedy. I just hope he sticks to those sort of stakes with his windfall.
Now I think you mean rather than risk Derby drawing or winning. I think the best thing to do would have been take the cash out then put 10-20 thousand on Portsmouth and that’s a bit of the best of both worlds.
Would they have taken a 10k bet ,not so sure myself .
Duncan, they’d have taken any size of bet to offset potential losses.