OK, so Mike hasn’t “cashed out” in the sense he wants us to believe. He has finally had to admit he has made a loss. Something which experienced punters who understand how the game works knew anyway.
Given how much the horse drifted after its poor run, I suspect he has “cashed out” for a fraction of his stake. No one would have had any problem with that if he had admitted it at the time and said at what price he “cashed out”.
There have been plenty of other occasions, an example being on pages 3 and 4 of the Derby 2024 thread. I only attach it to show it is not just me who has an issue with his “cash outs”: