Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 12.

lienfaye

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Quote from: erep on April 18, 2023, 04:12:36 PM

Quote from: Fivestar4everMVP on April 18, 2023, 02:33:12 PM

but a mere $11,000, what is $11,000 compared to $1.4 million dollars?

We must be wise in managing gambling funds and must be able to control ourselves from greed, many gamblers experience high losses due to emotional factors and greed to win bets.

That's true. It's not worth to risk millions just to win $11k. Greed and the over confidence that the result would be on his favor are the mistakes that he committed and can't turn back anymore because it happened already.

The reason why it's important to keep in mind that gambling is risky and the outcome is not guaranteed. So don't risk your money if you can't bear facing losses incase the result is not what you expected it to be.

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Quote from: Mr.right85 on April 18, 2023, 06:08:39 PM

It was a bad bet but, not one without consideration I suppose its the gamblers betting style and must have been building his fortune around this style of betting.
Betting on live events and in favour of a team that is already at advantage with some obvious seeming wins.

Unfortunately, it doesn't always go down this way. There is always risk until the whistle goes out for a game over.

A $1.4k bet against an $11k win is just way too low to risk. Let's hope this gambler has hot more from where that came from else, the gambler is done for.

He is a high roller for sure that can miss the money. This bet also clearly shows that there is no « surebet » and that there is no value at all in placing bets on this low odds. In fact all odds below 1.5 are low for me as I prefer valuebets.

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Quote from: erep on April 18, 2023, 04:12:36 PM

Quote from: Fivestar4everMVP on April 18, 2023, 02:33:12 PM

but a mere $11,000, what is $11,000 compared to $1.4 million dollars?

Comparison of profit predictions with betting capital is irrational because risking big risks for low profits, I don't care how easy it is to make money in gambling but anything high risk must be considered before betting because even though he has predicted profits but the win is not on his side and his predictions are wrong, millions of dollars lost on single unreasonable bets.

It was a bad bet but, not one without consideration I suppose its the gamblers betting style and must have been building his fortune around this style of betting.
Betting on live events and in favour of a team that is already at advantage with some obvious seeming wins.

Unfortunately, it doesn't always go down this way. There is always risk until the whistle goes out for a game over.

A $1.4k bet against an $11k win is just way too low to risk. Let's hope this gambler has hot more from where that came from else, the gambler is done for.

Fivestar4everMVP

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Quote from: erep on April 18, 2023, 04:12:36 PM

Quote from: Fivestar4everMVP on April 18, 2023, 02:33:12 PM

but a mere $11,000, what is $11,000 compared to $1.4 million dollars?

Comparison of profit predictions with betting capital is irrational because risking big risks for low profits, I don't care how easy it is to make money in gambling but anything high risk must be considered before betting because even though he has predicted profits but the win is not on his side and his predictions are wrong, millions of dollars lost on single unreasonable bets. We must be wise in managing gambling funds and must be able to control ourselves from greed, many gamblers experience high losses due to emotional factors and greed to win bets.

You are right, but in terms of high risk bet, from my personal experience in betting, I honestly do not consider the game(what ever type of sports it is) the gambler in question placed bet on, to be high risk, remember the game in question had an odd of just 1.01, I do not consider this a high risk betting, the gambler was just unlucky, that's all .
And do not forget also that in betting , no matter the risk level , whether high or low, the chances of winning or losing is always 50/50.

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Quote from: milewilda on April 18, 2023, 05:22:35 PM

We are all starting on being inexperienced which means that those are initial reactions that we would definitely be able to encounter or would be felt off on the time when we are losing specially into those start up days.
It would really be just that a normal approach or reaction but on the time that you would really be having the experience then handling out various situations wont really be something that would be making you impulsive.
Since you do have already the idea on whats going on then you would really be acting according on what it should really be done or on how to handle it out.This is why we should bare up in mind
that no matter how low or small the odds is. there's always a chance on hitting it up, this is why it never been recommendable on making some all in the type of bet.

The major big lesson from this gambler's incident is never to stake too. Purchased on our confidence in a club since we can't be certain of what we will meet at the end of the game and also not to be too greedy for winning because the ops displayed some element of greed in his approach.

Most and all of us here have learned a lot of lessons even from others' comments here you can see that some of the comments are based on the many lessons from these signaller's events.

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Quote from: Wiwo on April 18, 2023, 02:28:58 PM

Quote from: mak013 on April 10, 2023, 12:36:32 AM

In gambling you always can lose. It is possible that this gambler has a strategy with lots of big bets with small odds. But even in such strategy he has tp remember that it is possible to lose. In such situation it can be a lesson for us - what is money management. But the same time it is possible that it is all his money and he decided that he has found a way to get easy money. Thus, he received a lesson that he no longer needs.

One quality a gambler should develop is the ability to embrace losses with a good mindset because this will result in how the gambler act after that some gamblers have failed to properly manage their losses and that can affect their general well-being since some due to their inability to handle lose have resulted into addiction because of excessive chasing of loses which lead them into addiction.

But then if a gambler have a better understanding and the background knowledge of how to handle losses it will be easier for them to handle such losses when they occur.

We are all starting on being inexperienced which means that those are initial reactions that we would definitely be able to encounter or would be felt off on the time when we are losing specially into those start up days.
It would really be just that a normal approach or reaction but on the time that you would really be having the experience then handling out various situations wont really be something that would be making you impulsive.
Since you do have already the idea on whats going on then you would really be acting according on what it should really be done or on how to handle it out.This is why we should bare up in mind
that no matter how low or small the odds is. there's always a chance on hitting it up, this is why its never been recommendable on making some all in type of bet.

erep

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Quote from: Fivestar4everMVP on April 18, 2023, 02:33:12 PM

but a mere $11,000, what is $11,000 compared to $1.4 million dollars?

Comparison of profit predictions with betting capital is irrational because risking big risks for low profits, I don't care how easy it is to make money in gambling but anything high risk must be considered before betting because even though he has predicted profits but the win is not on his side and his predictions are wrong, millions of dollars lost on single unreasonable bets. We must be wise in managing gambling funds and must be able to control ourselves from greed, many gamblers experience high losses due to emotional factors and greed to win bets.

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Quote from: pawel7777 on April 18, 2023, 02:05:06 PM

Quote from: Plaguedeath on April 18, 2023, 09:58:08 AM

If he can afford to lose that amount of money, why not?

A rich people can generate more money and they don't really care if they lose it, even though for most people that amount of money are life changing for them. I don't think bet with huge amount money in small odds is a gambling addiction, usually a gambling addict prefer to bet on a quick game like slots where he can play for 24/7 or they will bet on high odds if they play sports book.

If you were rich enough to not care about losing $1.4 million, then why would you even care about trying to win a lousy $14k? Doesn't make much sense, does it?
And if you got rich on your own, especially if you got there with your hard work - you'd probably have much more respect for money not to splash it out in such a way.

That being said, the guy had an access to a liquid $1.4m, so he was not an average Joe either. So who knows...

Exactly on point, and by the way, the person was not going to win $14,000 but $11,000, this is if I am right with my calculations though.

I have said it here before that, it would take some one with already a good experience in gambling to wager such an amount on a single bet, he or she is sure not a novice to gambling, and speaking of having respect for money, this like you said, depends on how the money was made, and I also think that emotional (could be spiritual or physical emotion) state of the person at the time of bet also has an important role to play, because I believe that even though money was made easily, its still not a reason to risk such a huge amount in a single bet, not even to win millions or dollar, but a mere $11,000, what is $11,000 compared to $1.4 million dollars?

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Quote from: mak013 on April 10, 2023, 12:36:32 AM

In gambling you always can lose. It is possible that this gambler has a strategy with lots of big bets with small odds. But even in such strategy he has tp remember that it is possible to lose. In such situation it can be a lesson for us - what is money management. But the same time it is possible that it is all his money and he decided that he has found a way to get easy money. Thus, he received a lesson that he no longer needs.

One quality a gambler should develop is the ability to embrace losses with a good mindset because this will result in how the gambler act after that some gamblers have failed to properly manage their losses and that can affect their general well-being since some due to their inability to handle lose have resulted into addiction because of excessive chasing of loses which lead them into addiction.

But then if a gambler have a better understanding and the background knowledge of how to handle losses it will be easier for them to handle such losses when they occur.

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Quote from: Plaguedeath on April 18, 2023, 09:58:08 AM

If he can afford to lose that amount of money, why not?

A rich people can generate more money and they don't really care if they lose it, even though for most people that amount of money are life changing for them. I don't think bet with huge amount money in small odds is a gambling addiction, usually a gambling addict prefer to bet on a quick game like slots where he can play for 24/7 or they will bet on high odds if they play sports book.

If you were rich enough to not care about losing $1.4 million, then why would you even care about trying to win a lousy $14k? Doesn't make much sense, does it?
And if you got rich on your own, especially if you got there with your hard work - you'd probably have much more respect for money not to splash it out in such a way.

That being said, the guy had an access to a liquid $1.4m, so he was not an average Joe either. So who knows...

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Quote from: Odusko on April 14, 2023, 03:37:07 PM

Quote from: ufaiz50 on April 13, 2023, 06:03:29 AM

That must be really hurtful. Imagine you are aiming to earn only $14,000 and you lose your entire $14M that really was painful to read, what more if you are that player who lose it. If I can remember there are also some users who are using this strategy on the crash game but they didn't place a million bets but maybe around $10,000 and aim for 1.01x or 1.1x though that was a low odd there's a chance that you could lose from it.

It doesn't make sense to risk such an amount on just 14k rewards and anything less than a $20 million winning is not worth risking such a huge amount on betting on it just imagine the look to say you lost 1.4 million chasing a 14k profits, it's not reasonable and I am sure something is wrong with ops to have taken such risky attempt and now lost everything.
I think this is a clear case of gambling addiction and from the case, one can see that the player is already highly addicted and there is a possibility that chasing previous losses is what has fueled his quest to risk more.

No amount is too small, 14k usd is not too small as well to have as an interest, but gambling is not an investment, rather us risk taking which also include having fun in a pleasurable moment, maybe OP got this whole misconception by going for the risk in giving all the entire money within his reach into gambling to earn more, but to be sincere such amount is too much to use in gambling except if one can afford loosing as much as that amount.

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Quote from: Odusko on April 14, 2023, 03:37:07 PM

It doesn't make sense to risk such an amount on just 14k rewards and anything less than a $20 million winning is not worth risking such a huge amount on betting on it just imagine the look to say you lost 1.4 million chasing a 14k profits, it's not reasonable and I am sure something is wrong with ops to have taken such risky attempt and now lost everything.
I think this is a clear case of gambling addiction and from the case, one can see that the player is already highly addicted and there is a possibility that chasing previous losses is what has fueled his quest to risk more.

If he can afford to lose that amount of money, why not?

A rich people can generate more money and they don't really care if they lose it, even though for most people that amount of money are life changing for them. I don't think bet with huge amount money in small odds is a gambling addiction, usually a gambling addict prefer to bet on a quick game like slots where he can play for 24/7 or they will bet on high odds if they play sports book.

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Quote from: Fredomago on April 15, 2023, 06:55:32 AM

Gamblers need to be more careful, as we all know how addicting this business and if you are careless, you will find yourself losing a lot, maybe not the same with OP, but a lot for a small gambler like you.

Caution must be prioritized, but what is more important is self-control and having limits for betting or playing so that we are not trapped in becoming a gambling addict.
Gambling addiction is a bad thing because you will not only lose a lot of money but also lose everything and even someone who becomes addicted to gambling will do everything to get money so they can continue betting.
This kind of thing is a concern and is very dear to most people.
But because in gambling no one can control except ourselves, gambling addiction can actually be avoided when we have an awareness of the badness of being an addict.
That way we can take better care of ourselves so that we don't become gambling addicts.

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Quote from: Odusko on April 14, 2023, 03:37:07 PM

Quote from: ufaiz50 on April 13, 2023, 06:03:29 AM

That must be really hurtful. Imagine you are aiming to earn only $14,000 and you lose your entire $14M that really was painful to read, what more if you are that player who lose it. If I can remember there are also some users who are using this strategy on the crash game but they didn't place a million bets but maybe around $10,000 and aim for 1.01x or 1.1x though that was a low odd there's a chance that you could lose from it.

It doesn't make sense to risk such an amount on just 14k rewards and anything less than a $20 million winning is not worth risking such a huge amount on betting on it just imagine the look to say you lost 1.4 million chasing a 14k profits, it's not reasonable and I am sure something is wrong with ops to have taken such risky attempt and now lost everything.
I think this is a clear case of gambling addiction and from the case, one can see that the player is already highly addicted and there is a possibility that chasing previous losses is what has fueled his quest to risk more.

If this crazy, crazy, but at the same time fabulously rich player really has a gambling addiction, then the loss of such a huge amount of course should have at least slightly cooled his crazy head.

But it still seems to me that this bet had some kind of guarantee or was just a marketing option to popularize this crazy player in the media.
But at the same time, he did not lose money on the fact of the contract itself, possibly secret from the public. It is clear that the whole city where this bet was made, or the whole country in general, knows for sure about such a loss.
They know because journalists simply cannot ignore such an interesting but also very stupid and scandalous event. People talk a lot about such events, including to each other in simple everyday conversations. And this is an ideal option for promoting a person to the stage of universal recognition, albeit with condemnation. But in this case it does not matter, because bad advertising is also advertising.

So I really don’t know how much to trust the information that such a player completely lost his $ 1.4 million?

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Quote from: EarnOnVictor on April 14, 2023, 03:19:32 PM

Quote from: doomloop on April 13, 2023, 01:38:10 PM

Quote from: ethereumhunter on April 12, 2023, 08:35:11 AM

Quote from: Jody.Drummer on April 10, 2023, 10:47:48 AM

The condition is still possible for both of them because we also don't know whether he is a billionaire or not Cheesy

If indeed he spends all that money on one bet and he really loses everything then surely it will give him a long headache but on the other hand if it is a billionaire then they will be fine and will probably just laugh like Neymar did recently where he lost quite a lot in just over an hour.
But as you said, there is a positive side to this and of course this can also be a reminder that in gambling even if the odds are very small it doesn't mean it's something that can be won easily because something like this could happen.

If he were Neymar, maybe he would laugh again but we only know that he has already lost a lot of money playing gambling, so we have to stay away from spending a lot of money like him. After all, we're not billionaires (I mean, we're not billionaires yet Grin

).

So we better just take the positives for us so we don't play gambling with lots of money. And even though there is a possibility for us to win and it turns out we win, we must be able to stop ourselves from continuing the game and stop immediately before everything changes.

Neymar is an official partner of Blaze, so he probably gets to gamble that much money on the platform itself only to lure the audience that watches him toward the platform. That is one of the newest marketing techniques that most of the platforms use, Stake has got a lot of partners including Sergio Aguero, Drake, etc.

It's probably the best practice not to gamble with a lot of money if you can't really afford it. Getting inspired by these celebrities and gambling with a lot of money will only cost you money while they just gamble for fun using the platform's own money.

I'm with you on this, many of those stars are influencers, they are only doing their jobs in connivance with their paymasters and they are only showing us the charade proofs. But in practice, they lose nothing. As those might have truly tricked many in the past, the recent reality and exposure in this regard have made it light to the wise.

And truly, gambling is not good with heavy risks, we should risk sensibly no matter how much we have to spare for the casino. It's good to go with a good strategy and plan and always manage our gambling portfolio efficiently.

You needed such kind of discipline in order not to waste too much time, energy and money for your gambling activities, getting your point with regard to those influencers, they are paid advertisers and what do we expect from them, everything is scripted and even they are showing that they are winning or losing at the end of the day they will receive their paychecks and will just find other company to provide services.

Gamblers need to be more careful, as we all know how addicting this business and if you are careless, you will find yourself losing a lot, maybe not the same with OP, but a lot for a small gambler like you.

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Quote from: ufaiz50 on April 13, 2023, 06:03:29 AM

That must be really hurtful. Imagine you are aiming to earn only $14,000 and you lose your entire $14M that really was painful to read, what more if you are that player who lose it. If I can remember there are also some users who are using this strategy on the crash game but they didn't place a million bets but maybe around $10,000 and aim for 1.01x or 1.1x though that was a low odd there's a chance that you could lose from it.

It doesn't make sense to risk such an amount on just 14k rewards and anything less than a $20 million winning is not worth risking such a huge amount on betting on it just imagine the look to say you lost 1.4 million chasing a 14k profits, it's not reasonable and I am sure something is wrong with ops to have taken such risky attempt and now lost everything.
I think this is a clear case of gambling addiction and from the case, one can see that the player is already highly addicted and there is a possibility that chasing previous losses is what has fueled his quest to risk more.

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Quote from: doomloop on April 13, 2023, 01:38:10 PM

Quote from: ethereumhunter on April 12, 2023, 08:35:11 AM

Quote from: Jody.Drummer on April 10, 2023, 10:47:48 AM

The condition is still possible for both of them because we also don't know whether he is a billionaire or not Cheesy

If indeed he spends all that money on one bet and he really loses everything then surely it will give him a long headache but on the other hand if it is a billionaire then they will be fine and will probably just laugh like Neymar did recently where he lost quite a lot in just over an hour.
But as you said, there is a positive side to this and of course this can also be a reminder that in gambling even if the odds are very small it doesn't mean it's something that can be won easily because something like this could happen.

If he were Neymar, maybe he would laugh again but we only know that he has already lost a lot of money playing gambling, so we have to stay away from spending a lot of money like him. After all, we're not billionaires (I mean, we're not billionaires yet Grin

).

So we better just take the positives for us so we don't play gambling with lots of money. And even though there is a possibility for us to win and it turns out we win, we must be able to stop ourselves from continuing the game and stop immediately before everything changes.

Neymar is an official partner of Blaze, so he probably gets to gamble that much money on the platform itself only to lure the audience that watches him toward the platform. That is one of the newest marketing techniques that most of the platforms use, Stake has got a lot of partners including Sergio Aguero, Drake, etc.

It's probably the best practice not to gamble with a lot of money if you can't really afford it. Getting inspired by these celebrities and gambling with a lot of money will only cost you money while they just gamble for fun using the platform's own money.

I'm with you on this, many of those stars are influencers, they are only doing their jobs in connivance with their paymasters and they are only showing us the charade proofs. But in practice, they lose nothing. As those might have truly tricked many in the past, the recent reality and exposure in this regard have made it light to the wise.

And truly, gambling is not good with heavy risks, we should risk sensibly no matter how much we have to spare for the casino. It's good to go with a good strategy and plan and always manage our gambling portfolio efficiently.

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Quote from: wiss19 on April 14, 2023, 10:08:42 AM

Quote from: ufaiz50 on April 13, 2023, 06:03:29 AM

That must be really hurtful. Imagine you are aiming to earn only $14,000 and you lose your entire $14M that really was painful to read, what more if you are that player who lose it. If I can remember there are also some user who are using this strategy on the crash game but they didn't place a million bet but maybe around $10,000 and aim for 1.01x or 1.1x though that was a low odd there's really a chance that you could lose from it.

Though Crash might seem to be the easiest game to get a 1.01x or 1.1x, it can be deadly as well. I've seen it happen myself, though my bet wasn't really big as I was just trying the game at a new casino that I signed up and I was playing with a bonus, I've seen it crashing even before starting, and that is when people lose everything they've betted on the game.

The best thing is simply to have a limited budget for your gambling activities, if you are well-doing, you can have a daily budget, and if you don't earn that much but still love gambling, you can have a weekly or a monthly budget which if you lose, you won't gamble more in that week or month.

All types of casino bets and sports betting can turn scary when you're not lucky, believe me.
Because if you are lucky in any type of game you will get a profit, even if it is not a big win, but if you are in a lucky situation, you always get small wins which can accumulate more.
Like you when you have a bad day at gambling, you play in this type of Crash game, for sure your balance will run out quickly and always fall before pressing the cashout button.
But if you're lucky, of course you can always press the cashout button before you fall.
On the other hand, sports betting still depends on luck.

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Quote from: ethereumhunter on April 14, 2023, 09:37:55 AM

Quote from: Jody.Drummer on April 13, 2023, 12:20:37 PM

Yes because investing in cryptocurrency is different from gambling, and the difference is very significant. But becoming a billionaire in crypto will also be seen by how much capital we invest, because if we have little capital, it will be a little difficult even though the bull run season occurs.
Having a lot of money to invest in cryptocurrencies has been my dream, and I hope that one day I can invest more money than I can invest now.
You are right, even though we are billionaires, we must be able to limit our money to gamble, because if not with good financial management, how much money we have will run out.

Apart from the capital factor, becoming a billionaire in crypto also depends on choosing the right coin so that it can provide big profits, especially when the market gets a big pump. And being a billionaire is not a condition that can make us use a lot of money to gamble especially in gambling, we have the possibility to lose a lot of money. It's better for us to use the money to invest in many things to spread our investment to get a lot of profit.

And gambling really has to be with money restrictions because if not, we will experience many losses. We certainly regret we have experienced many losses but unfortunately, the money has disappeared at the gambling table.

Yes it is, choosing the right coin is something we should think about before investing. Because if you invest in a coin that even one of the billionaires will go bankrupt, that's why in this case we have to do a very good analysis. The first coin I recommend is bitcoin, there is no doubt with bitcoin.
Maybe I would say gambling is not suitable for people who are controlled by emotions and cannot manage their finances well, because we know that gambling always invites emotions which if we cannot control them will end badly for us.

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Quote from: ufaiz50 on April 13, 2023, 06:03:29 AM

That must be really hurtful. Imagine you are aiming to earn only $14,000 and you lose your entire $14M that really was painful to read, what more if you are that player who lose it. If I can remember there are also some user who are using this strategy on the crash game but they didn't place a million bet but maybe around $10,000 and aim for 1.01x or 1.1x though that was a low odd there's really a chance that you could lose from it.

Though Crash might seem to be the easiest game to get a 1.01x or 1.1x, it can be deadly as well. I've seen it happen myself, though my bet wasn't really big as I was just trying the game at a new casino that I signed up and I was playing with a bonus, I've seen it crashing even before starting, and that is when people lose everything they've betted on the game.

The best thing is simply to have a limited budget for your gambling activities, if you are well-doing, you can have a daily budget, and if you don't earn that much but still love gambling, you can have a weekly or a monthly budget which if you lose, you won't gamble more in that week or month.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 12. (Read 8226 times)