Topic: Can you stake it all put of over confidence in your club - page 7. (Read 1433 times)

Your friend is lucky because he is not ashamed in front of you and many people, as you can see? just because he wants to prove to other people what team will going to win, He's going to bet such a huge amount? Imagine the risk of what he did, one wrong move could have lost his money in just a seconds but it looks like he's lucky because he won, he's proven to you that the team he's proud of is right,
But if the team he is proud of loses, your friend will face a big problem, because of his overconfident, he will lose a lot of money and he will be ashamed of you and the other people who are waiting for him to win or not.

Not really, I am not a big fan of placing large bets on a single game. Betting 5k is a lot of money and there is no certainty that our bet is actually going to pay off. In this position I would always prefer to bet 1k each on 5 different matches instead of putting it all on one game. Spreading out my bets helps me a lot to reduce my overall risk and I think that it made me more money in the long run. I can understand your friend that has a strong conviction about a game and wants to profit from it. But when it comes to my hometown, I always feel a bit biased and don't know if I fully evaluate all the risks correctly. When placing most of our money on one single bet, it only takes one failed match to wipe out our bankroll. In the end this is something everybody needs to decide for himself, you are either comfortable taking these high risks or not. For me, the risks are bit too high and I prefer to accept lower returns with also lower chances of losing my bankroll.

Yes, I believe that their are many gamblers out there that can do that, as long as they have confidence in the team they are supporting to win the game, but the major problem attached to taking such risk is that, mostly, when you stake such huge amount of money like that, it's always a money you can't afford to lose, so if it goes wrong, like the results doesn't goes your way, it's affect you as a person psychologically, so it's very important you stake with an amount you can afford to lose, so that psychologically, even though it doesn't goes your way it wouldn't affect you.

I mean a lot of people lost money on that game for sure, there is no doubt that people did not expected United to win, and yet they did and that's a great thing to see, I feel like that's important for a lot of people. I believe that we are going to see a lot of results similar to that, and in the meantime we should be probably expecting to not have that type of games all that commonly.

I do not really put it all in, never have, not going to do it for any game at all, doesn't matter how big or small the chances are. Just this season, we have seen Bayern lose to a third division team, and beat a bundesliga team 8-1, no idea how they could do it on the same season but it happens and we should be not really all that interested in how that works.

I bet for my favorite club but not too big I bet as much as I can afford to lose because I can never guarantee which team will win I like a club but there is no guarantee that the team will win. so we should always be sensitive when it comes to gambling so that we can accept losses very easily otherwise they keep giving us mental pressure. so i wll tell that it is really foolish to bet big amount for fan club with confidence

I can tell if this that yes alot of people usually do this and it's not like they aren't matured or responsible enough to do so but they did that because,they had so much passion and love for their Fans and also they do that cause they can as well afford to loose that said amount.
But this is the reality of life that you should be discipline in your dealings so it's not advisable to put over confidence to this as most times it might results in something not confidential anymore.By the way ,me I don't see it as a foolish move,but hehad so much faith in his Fans which has led him stake such amount .

It simply matters to be on the winning sides this season. Currently, my favorite team doesn't have the strong balance of enabling winnings but it becomes obvious to place wager on them once they're not having weaknesses and unable to humbled their opponents. Everyone wants winnings for their clubs because most of them have pushed the trigger to place wager on them due to the love and support they have for the club. Over confidence in a club, probably the pointed club is having their best performance and they don't relent from making the long good moves.

As we would say in poker, he made a bad move that worked out well. Gambling everything on his team for emotional reasons when the odds were against him by 7 to 1 is clearly a bad play. Also, from what the OP describes I imagine that that 5k he bet was money he needed, probably all he had in savings, not extra money you can afford to lose, which is how it should be done.

I tell you how those kinds of stories end up, with the OP's friend repeating the play and losing it all. And the next time probably borrowing to lose it all. Badly, they usually end very badly.

Your friend is brave enough to bet that amount in one match. But even though I love my favorite team, I'm not careless enough to be able to bet so big on just that one match. I will think about what the worst impact is and how best to minimize the chance of a significant loss by not gambling more than the bankroll limit that I have previously set. Because only careless and naive people want to bet very big on their favorite team in one match and not think about the impact of the bet, and I don't want to be that kind of gambler.

The team is an important factor, not all teams are worth such risk. But as you said he did that out of love for his team, he didn't analyze the game. Yet he won. That's a shocking part of the story, he'd feel better and happier. I think that's what gambling is about, doing what others won't think of trying. People who gambled on Man U to win before the game started may have lost hope after conceiving two goals. Another factor is that he had to prove it to his friend. I've made such a statement in the past, but didn't wager on the prediction, but the player scored as I said to a friend.

Most times when watching a football match, the settings and performances of some players, a viewer will easily detect who will score or not. Maybe the same thing happened to the Op's friend, he has observed some moves from his team and had the trust they'll win, regardless of the scores. Gamblers need to follow their instincts, not all the time. Most times we feel like a complete failure after appearing fully sure of a specific prediction, which ends up returning void. It's a win-or-lose thing, but some mistake ends up getting annoying. Imagine after telling your friends, a particular player will score, and he didn't. They wouldn't listen when next we want to talk to them on a game. However, gambling is a risk, and we must accept it.

Even though your friend got away with a big win through Man United's comeback, it's always a bad idea to put too much trust in a team based on your feelings because comebacks mostly depend on luck and more factors could be involved behind their win.

You don't simply go all in on the team you follow, if you do go that route you'll later learn the reality and fade your favorite team when it matters.

Did your friend stake $5000 or was it in another currency? I think it’s a bad idea to gamble with emotions involved. He got lucky but betting on your football team because you support them will cause you to lose money. We have had this discussion before and my opinion on betting on and against your football club remains the same.
https://bitcointalksearch.org/topic/m.63801572.

Nope, I like to support my local clubs and sadly the best local club I have has never even come close to a title. We're glad to see them in the first league but honestly they're not that good. Their results are unreliable at best and usually just disappointing. I can't count on my local club too much when it comes to bets but I'd still support them in other ways. To be honest I know betting in crypto doesn't earn them anything extra so I do it guilt free. But to put money in bets towards them would be not that wise financially. I'd rather buy some tickets to see their matches.

I would assume it must have been a reflex decision for him because it could happen to anyone where you see a gambler suddenly takes a rash decision to stake on a game and such decision will even make you think they are going crazy. If he had lost that money, he would have packaged his shame and lose home  , because it was really a huge risk he took to stake his money on a live game which the opposite team are already wining with two goals. I can take such a risk but will totally get upset if the game go against me.

I've been into that point but even if you get the best analysis with confidence for that club you are betting and supporting on, you have no control over the situation that has full of twists.

Dude, you've just triggered your friend. I know that it's like a joke to you but you poked him and put the best of him to prove you that he's right. Anyway, there are gamblers that can really bet everything that they have but I won't be into that state anymore. I'm older and have got other things to think of, so it doesn't matter if someone calls me not a real supporter and fan of the club or team that I am supporting. What matters to me is that you didn't worked for my money, I've worked hard for it. And that's why I am the one to decide where I'll be placing it and how much I am going to bet with it. And for that reason, I won't be foolish enough to make mistakes that I am going to regret later on.

I don't think that I will have that much confidence in any club that I will be able to invest a huge amount of money in. When I know football is unpredictable sometimes and anything can happen, there seem to be many surprises, like when weak teams have beaten strong teams. How can I develop that strong confidence for any team, whether my club  I supports it or not? 
 
In this situation where your friend staked in Manchester United to win and qualify with 5k and he won the bet, I will just say that your friend was just lucky. It is not that he had much confidence that Manchester United would win Liverpool and qualify for the next round; if he had much confidence that Manchester United would qualify, he should have staked more than the amount he staked.

I was one of the bettors (I think others on the NBA thread also did this) who risked betting on the Cleveland Cavaliers to win the NBA Championship way back in the 2016 NBA Finals after the team was down 3-1. It's nearly impossible to bounce back from that situation especially in the NBA Finals and against the prime Golden State Warriors which has the biggest record they did on that season, 73 wins and 9 losses only. But in the end, they won and I won't forget that moment.

Isn't it a foolish move? Isn't it because I'm a fan of that team? No. As a bettor, I just want to take advantage of the odds since betting on the Warriors doesn't give you any more profits and everyone was betting for the Warriors then I have no choice but to take on the Cavaliers. Aside from that, I know the Cavaliers can still pull the win and won't give up. I also added some bets for them after they won Game 5 and were downed by 3-2.

And the rest is history...

Things doesn't always turn out the way he think let me just say he is lucky to have such winning otherwise is not possible even after 0:2 against them and yet they equalized the match was like a miracle and he won. Normally I can't even try shit to bet a game that was already 2 against my favorite team, okay what if the game didn't go as planned what could be his aim or benefits betting the game qualify. Or was there any change in player that made him to have taken such decision to bet with huge amount and what if the game didn't play meaning he could have lost 5k.

I am a die-hard Arsenal fan and always play Arsenal on my ticket. This is because of the passion for the team. To me, this is a way to show my support for the team. Even when Arsenal don’t win, I am not worried about my stake. My concern is that my team lost and that forms the basis for my worry and not the money I lost.

In my opinion, this is not a foolish move. If it is then gambling itself is foolish because you don’t know what the outcome would be. It is very common to see the uncommon happen in gambling. I always tell my friends to follow their minds because statistics don’t work in gambling. Every game comes with its risk so relying on previous games to make decisions might be misleading. For instance, maybe the previous game was influenced by an injury or red card and the current game might not have an injury, penalty or even red card so the outcome might be different.

I would say with all honesty that that move was not just a foolish move, it was absolutely and extra foolish move, but thank goodness it turned out well for him.
I think many a times, many people out of showing support for their favorite football club or any sports team, take really nasty and uncalculated risk which if lost, the person might end up landing him or her self in the hospital out of shock, disappointed and depression.

The last time I showed over confidence in a football team and stake $3000, my business money as well as my entire savings, I landed myself in the hospital, I would have died because the trauma of that lost was so heavy on me, I never did expected that there could be any possibility that I would lose that money, I believed it to be a very easy win for me, and the most painful part is that, its even with a very low odds, but sure luck wasn't on my side, the team I showed full confidence in lost the match, and that was how I lost a whopping $3000, I didn't gambling for over 11 months after I got discharged from the hospital, and I promised myself never to make such silly mistake again, as to allowing my confidence in any team or club; drive me into betting more than what I can afford to lose.