Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 13. (Read 8226 times)

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.

Indeed both are very different. Playing gambling, whether using crypto or fiat, will still give you two choices: winning and losing. While investing, we can have the opportunity to make a profit even though we can also experience losses if we choose the wrong coin.

And the losing gambler can get depressed even though he is a billionaire because of the large amount of money he has used. But he should prefer to invest in other things than to gamble and hopefully he will realize his mistake and can invest in making a profit.

That's the difference between us and those celebrities. They have a lot of money and are even given money to promote so they can gamble freely. At the same time, we don't have a lot of money and can only play enough gambling, whereas we also can't expect too much to be able to win a lot of money. So we should limit ourselves to gambling.

There's actually some people out there who are not contended on what they have, one of the reason I think why they do that is for example they wanted to buy something and don't want to spend money, what they'll do is do this strategy for an instant money but of course if the luck is not on his side just like on the story of the Op I think that would be a life changing too imagine losing $1.4m, there's a lot of things you can do with that money.

Having 1.4 million dollars as my own money is already a life-changing amount for me, I will never in my life use such an amount of money to try and gamble, it's either this person is a multi-millionaire or he is such a greedy fellow.

I've read a lot of comments on here and it seems we are all talking about the same thing over and over again, I think it is time to lock this thread down, for good. OP you can do this yourself you don't have to wait for moderators

Yes, there have been lots of suggestions and feedback given so this thread has a discussion of topics that are always spinning (it's clear there are answers needed).
If mods don't lock this thread soon then OP can lock it soon.
Moreover, the case of what was told by the OP has been around for a long time, so there is no discussion of other important points.
If you want to learn, you can, because the thread is only locked, so new users can still read all the information.

You are wrong with the numbers mate, it is 1.4  million dollars, and not 14 million dollars as you assumed, and also, the player would have won $11,000 and not $14,000 had it been the game went through in a win, it's a painful loss indeed, and I hope the victim, and we ourselves have learnt from it.

With the above said, I think it's time the mod lock this thread, I see nothing else meaningful that is related to the topic being discussed here, just can candid suggestion.

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.

Gambling and Investing in cryptocurrency are two completely different things. Money that is usually placed in gambling may or may not be returned. Investing in crypto on the other hand can give you higher returns. But it is difficult to say when that will happen. Moreover, to invest in a good project, an investor must spend a lot of money. If someone wants to own a lot of money by investing in Shit projects then he can fail there too. But gambling is different where you get a chance to get more than keeping less money and also fear of losing.

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.

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.

As you can see the OP bet big like this because he can afford to lose his bet money and he must have thought about the risk before betting, even though his hope was that it was impossible to lose the bet because the odds were low x1.01 but no one knew that he lost a lot the money in the bet. Humans can never be separated from greed because it has been inherent since birth so it's not strange with it.

Sometimes we need news about this to be a lesson for everyone not to take things for granted with low odds and be too sure of victory, we must understand that any bet always carries a risk and that is where we are wise before betting. For example, spending money on bets according to a budget that we can afford to lose, don't be tempted by low odds, let alone bet out of ignorance.

We have the opportunity to become billionaires from crypto especially if the bull run and altcoin season come back soon and make all our coins get their peak prices again. But if it is from gambling, I think it will be difficult for us to get rich because only a few people can become rich because of their luck.

But even though we are already billionaires, it's better not to play gambling using a lot of money because gambling can cause you to lose money. We can save money or use it to open a new business. It can provide benefits in the future if we can manage it.

Everyone knows he is a billionaire because he has millions of dollars in gambling accounts, it doesn't matter whether he is a billionaire due to intelligence or luck from inheritance, we must consider the losing factor of the bet based on the discussion related to this thread, if you are a billionaire do you agree to bet 1.4 million at odds lower than 1.08, meaning if you win get $11k from that bet, sometimes lose because of bad decisions without considering the high risk of each bet and the loss can't be related to bad luck because he ignored the high risk to get a profit that is not proportional to the amount of the bet.

Is a billionaire by born a billionaire? Maybe he was like us but he became a billionaire very easily due to his intelligence or luck. But not all are like that there are some who are rich by inheritance. When people have enough money, they will not hesitate to spend. Similarly, If we rich our betting amount of money will also increase. This is not unusual as it happened on the gambler's side. So I don't think the mentioned gambler's loss was not bad decision but his luck doesn't favor him.

I like it when you say we are not billionaires yet, but I believe that with a long process we will become someone who will be called "billionaires" even though we don't know when the time will come. 
By becoming a billionaire, we will be able to gamble with more money than what we can spend now. I wouldn't be able to sleep losing that much money now, and if I were a billionaire I wouldn't have anything big happen after losing that kind of money. We must be able to make this motivation so that we can be like them, yes, even though we don't really have great wealth like them, but at least it exceeds the wealth we have now.

There should be no security concerns if one is playing online, whether they win or lose unless the casino platform management themselves breach the security and privacy of the users and use their information illegally to blackmail or threaten them for money, but you can barely find such cases considering there are a lot of people using such money in gambling platforms.

The only concern for them should be their losing habit and they need to control that if they want to stop losing significant amounts of money every day. Losing millions or dollars every day can make anyone bankrupt no matter how much money they have.

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 ).

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.

Yep. It is the best way in gambling for fun. But it seems that this gambler made gambling a way of income and in such situation it is difficult if you don`t use money management. Such situation is normal for gambling, the most interesting moment is about bank of the gambler and the quantity of such bets. But we willn`t know about it i think.


The same time no one said, that all his bets were with the 1.01 odds. I just talking that it is possible lose for strategy of low odds bets.
And of course it is a lesson for other gamblers that there is no guarantee even with such odds.

Gambling security certainly plays a huge role in the life of any gambler. 

But if a player makes very small bets and just plays for fun and does not plan to get some really big winnings, then the issue of security is of course not that particularly important. 
But when the amounts of bets and winnings begin to amount to thousands of dollars, then of course you should take care of your safety. 
I'm not saying that the one who won more than a million dollars, as discussed in this topic, then here you should already hire bodyguards and security for operations with such a large win, or some kind of financial transactions with a rate of the same size as the one that  lost this "strange gamer" about which everyone writes from this topic.

We need to seek for our own safety whenever we are making bets on a Gambling platform to ensure that we take the proper risk in order not to fall Victim to loses. Greed is one reason that used to make people to make loses and if we add not serious, we are going to end up losing big eventually without opportunity to get our money back.

Financial management is one of the major problems many rich kids have these days, since they are both thought the value of money by the parent who may want to pamper their kids with money while the young always result in to broken adults who can easily waste a lot of money on meaningless and highly risky things such as gambling, this has been the resultant effect of many young age addiction problem.

So teaching financial value to our kids is very important same as sex education and the rest is another value-oriented lesson that is better learnt at a young age, so from this story, the big lesson is effectively learnt and going forward, everyone of us will apply this to our daily life and adventures including gambling.