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Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 14. (Read 8226 times)

hero member
Activity: 1750
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Leading Crypto Sports Betting & Casino Platform
Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.
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.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
If you are greedy, you often end up empty handed. That gambler from the OP was sure about making $11k out of nothing. In other words, he wanted to take all the money bet on the Jaguars, and thought it was easy. It wasn't. Even if you are so rich that you can bet over a million in one bet, don't think you are so smart too. You don't. And now all those brave gamblers that placed their bets on Jaguars are sharing your money between them.

Thinking that you can outsmart the house by placing an almost sure bet with 99% winning chances, only to find out that it will turned to the other side and the house are the one who outsmart you, they simply take away millions out of your pocket while thinking that you can just as easily cash out some thousand if in the event you got the winning team.

There's always an unusual outcome and gambling is a full of risk venue to think that you can make an easy money, always have that extra research before concluding or deciding to how you will place you bet.

I think that no one actually outsmarted him, it was just bad luck. Also the money that guy lost, $1.4 million, it didn't go to the house, did it? More than 90% of the money lost by that unfortunate guy went to the bettors who bet on the Jaguars, and the multiplier on their bet was huge, I think it was 99.00 or something.

Is there bad luck/luck? Grin Well with the same result 50% people are happy/sad Wink
The bet was not made on an exchange so it is not said that the bet was automatically "backed" by someone who has played on Jaguars... classic bookmaker's arbitrage bets work in another way.
legendary
Activity: 3500
Merit: 2246
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If you are greedy, you often end up empty handed. That gambler from the OP was sure about making $11k out of nothing. In other words, he wanted to take all the money bet on the Jaguars, and thought it was easy. It wasn't. Even if you are so rich that you can bet over a million in one bet, don't think you are so smart too. You don't. And now all those brave gamblers that placed their bets on Jaguars are sharing your money between them.

Thinking that you can outsmart the house by placing an almost sure bet with 99% winning chances, only to find out that it will turned to the other side and the house are the one who outsmart you, they simply take away millions out of your pocket while thinking that you can just as easily cash out some thousand if in the event you got the winning team.

There's always an unusual outcome and gambling is a full of risk venue to think that you can make an easy money, always have that extra research before concluding or deciding to how you will place you bet.

I think that no one actually outsmarted him, it was just bad luck. Also the money that guy lost, $1.4 million, it didn't go to the house, did it? More than 90% of the money lost by that unfortunate guy went to the bettors who bet on the Jaguars, and the multiplier on their bet was huge, I think it was 99.00 or something.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I usually use gamble money that I afford to loss. Also try to limit my bankroll and not keep my gambling balance above a certain level. Because my gambling thought may change at any time. The gambler who keep big money undoubtedly have good betting knowledge. Those who can take such big bets are rich enough. They took risks and will take risks in the future. Such a big risk is not possible for any ordinary gambler. The strategies of those gamblers will not be similar for ordinary gamblers like us.
You have done your best to limit your money and always maintain the balance in your account. A wise gambler must be able to do this and not be swayed by the temptations of successive promotions so that we don't risk losing money. And even though we use strategy, we must also avoid using money to gamble and reduce the risks that can arise from gambling.

The best thing from this story to me is the lesson we learn from this story since the gambler who lost such an amount went overboard, and took too much of a risk to have staked such a huge amount on a single bet selection.

So the lesson is what makes the whole story essential for our discussion since we don't even know the authenticity of the story since there is no verifiable link shared along with the story, it can be a staged story without any real individual involved.

But then we can't outwrite the many lessons from the various comments and replies this has made this discussion really exciting because 1.4 million on a bet is something unbelievable to many of us.
Actually, from all of our replies, we can get a lot of lessons as you said and share many stories about our experiences. We may find it difficult to know the authenticity or continuation of the story because we also can't contact the person who experienced it. But we can learn from that story to avoid the same experience as him. And we have to spend less on gambling so we don't have the same experience as him.
hero member
Activity: 1708
Merit: 522
Leading Crypto Sports Betting & Casino Platform
-snip-

Maybe for once I mean maybe you can collect a huge amount of winning from the house if you are so lucky but eventually if you will keep betting and keep coming back without any limitation with your bankroll, you'll just finding your self giving it back to the house and with losing streak you might deposit most if not all your savings and lose it with the house.

I like your opinion with the gambler who can minimize losses. It's the best practice not to lose huge and if luck permits, you may win some and you can stop playing with some winning amount in your pocket.
Yes, that's right, I also mean that friend, the same as you have said, because if you take advantage of winning to continue playing, the end result will only disappear, the worse can be bigger than the previous win.
One way to win for sure when you beat the house is to quit gambling forever when you hit a big hang win because then the winnings won't come back to the house.
But I'm not sure any gambler can do that. Grin
The average gambler has a high spirit of greed so that if they succeed in winning they will use their winnings to play and produce even more wins, but without realizing it is this kind of thing that easily destroys gamblers.
sr. member
Activity: 2296
Merit: 348
Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.
You are right that it might not be a lesson for him since he might have a very big bankroll for gambling, but it surely is a lesson for everyone else to understand that gambling is purely based on luck, so if someone with 1.01 odds can lose, then anyone with any bet can lose or maybe win if they are lucky enough but the house edge will mostly make you lose.

And what you said isn't actually true. What makes you think that he wouldn't have lost any of the other bets if he did more betting in the same time? And how can someone make any profits if they are playing with 1.01x odds and losing millions of dollars in the middle since house edge is always there?
hero member
Activity: 1106
Merit: 526
Leading Crypto Sports Betting & Casino Platform
Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.
As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
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.
I think it is better to have the mindset of losing event though you intend to win, this way if the outcome of the bet does not go in your favour you can easily move on.
Gambling is always associated with losing more than winning, since the casino is designed to function that way the house is always placed at an advantage and it will take high luck to win over the house, take the ops in this situation,, for example he risk such amount because of his conviction of winning the bet, but as thing will turn in reality with casino he ends up losing a very huge amount on a sure game.
hero member
Activity: 2548
Merit: 769
Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.
As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
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 find a way to get easy money. Thus, he received a lesson that he no longer needs.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
If all numbers were tallied to find which odds players lose most of their money, it has to be these safe looking odds like 1.01!
And tbh its careless if you ask me betting  on such !!
But if you prefer such game types you need to always check what the prematch odds were like and who was the favourite, because if its the favourite and the team is winning most of the time the market gets closed for such but should it be open...proceed with caution.
1.4million dollars gone, ouch, should have bought a lambo and remained with some money in the bank Tongue
Damn. It's hilarious how the bets that appear to be the safest can actually be the riskiest. Folks. Every one of us has made the mistake of trying to play it safe only to end up losing everything. If so, why? When we know the chances are stacked against us, why do we feel the urge to take a chance anyway? Perhaps it's because it's in our nature to seek out exciting new experiences. We seek the thrill of gambling although knowing full well the risks involved. To what extent, though? Are we being careful when we bet on those supposedly "safe" odds, or are we just fooling ourselves?
legendary
Activity: 2716
Merit: 1383
The best thing from this story to me is the lesson we learn from this story since the gambler who lost such an amount went overboard, and took too much of a risk to have staked such a huge amount on a single bet selection.

So the lesson is what makes the whole story essential for our discussion since we don't even know the authenticity of the story since there is no verifiable link shared along with the story, it can be a staged story without any real individual involved.

But then we can't outwrite the many lessons from the various comments and replies this has made this discussion really exciting because 1.4 million on a bet is something unbelievable to many of us.
Regardless of whether this event happened or not many lessons can still be learned from it, but one of the most important has to be the importance of money management on everything that we do, even something as simple as making a bet requires the use of our money management skills, and if for some reason we refuse to use them then the consequences can be incredibly severe as a single mistake can be more than enough to lose so much money that recovering from it could take us years or even our entire lifetimes.
hero member
Activity: 2282
Merit: 589
Sometimes saying it's easier than doing it directly, like betting using money you can afford to lose, but if you can't control yourself, it will all change quickly from using money you can afford to lose to being greedy.
Because in every gambling gambler sometimes will experience successive defeats and at that moment a feeling of emotion will appear in your mind after that you will try to deposit several times to catch up with the defeat.
At that time you will find it difficult to control yourself and regret when you cannot control your emotions. As in the case of the man who lost 1.4 dollars because he could not control himself.
The factors you mentioned above will trigger gamblers to bet high to recover losses from consecutive losses, if forced to continue betting then you will lose self-control due to the emotional impact of the impact of losses, they will bet beyond the capacity limit for gambling funds, they even deposit funds another to bet again. So if we experience a losing streak, don't force a bet on the same day, sometimes on this day everything we do will experience higher losses.
hero member
Activity: 1834
Merit: 879
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If all numbers were tallied to find which odds players lose most of their money, it has to be these safe looking odds like 1.01!
And tbh its careless if you ask me betting  on such !!
But if you prefer such game types you need to always check what the prematch odds were like and who was the favourite, because if its the favourite and the team is winning most of the time the market gets closed for such but should it be open...proceed with caution.
1.4million dollars gone, ouch, should have bought a lambo and remained with some money in the bank Tongue
hero member
Activity: 1498
Merit: 504
As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.
I usually use gamble money that I afford to loss. Also try to limit my bankroll and not keep my gambling balance above a certain level. Because my gambling thought may change at any time. The gambler who keep big money undoubtedly have good betting knowledge. Those who can take such big bets are rich enough. They took risks and will take risks in the future. Such a big risk is not possible for any ordinary gambler. The strategies of those gamblers will not be similar for ordinary gamblers like us.
Sometimes saying it's easier than doing it directly, like betting using money you can afford to lose, but if you can't control yourself, it will all change quickly from using money you can afford to lose to being greedy.
Because in every gambling gambler sometimes will experience successive defeats and at that moment a feeling of emotion will appear in your mind after that you will try to deposit several times to catch up with the defeat.
At that time you will find it difficult to control yourself and regret when you cannot control your emotions. As in the case of the man who lost 1.4 dollars because he could not control himself.
hero member
Activity: 1260
Merit: 765
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As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.
The best thing from this story to me is the lesson we learn from this story since the gambler who lost such an amount went overboard, and took too much of a risk to have staked such a huge amount on a single bet selection.

So the lesson is what makes the whole story essential for our discussion since we don't even know the authenticity of the story since there is no verifiable link shared along with the story, it can be a staged story without any real individual involved.

But then we can't outwrite the many lessons from the various comments and replies this has made this discussion really exciting because 1.4 million on a bet is something unbelievable to many of us.
sr. member
Activity: 980
Merit: 311
As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.
I usually use gamble money that I afford to loss. Also try to limit my bankroll and not keep my gambling balance above a certain level. Because my gambling thought may change at any time. The gambler who keep big money undoubtedly have good betting knowledge. Those who can take such big bets are rich enough. They took risks and will take risks in the future. Such a big risk is not possible for any ordinary gambler. The strategies of those gamblers will not be similar for ordinary gamblers like us.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.
hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform

That's why this thread keeping more replies because all gamblers can have a lesson after reading this and we a all know that every on of us are in different country and have a different value for our money like in my country which is 1.4 million dollars is huge money because 1 dollar is around
Exactly,  a lot of lessons have been learned from this incident and what makes it more touching is the fact that the amount lost is quite a significant amount that many think is enough money to change someone's life, this thread has been one of the threads that thought me how not to bet on sure odds since there are no odds that is 100% sure.

And also I have learned to minimize staking amount per time, this is because,  if the gamblers have a hard proper limit application, he or they won't have gone ahead to stake such an amount and that could have reduced the total amount I lose, from the replies of many members I have learned from the diverse experience of other in the forum and what they're thinking about the risk taken by the ops in question.
Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.
As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
If gamblers do not take into account the risk associated with each game, I am afraid that they will never be able to make money in gambling. The gambling houses know exactly that and they make full use of this situation when a gambler invests more in any bet. Even a bet with odds of 1.01 favors the gambling house because even if the gambler wins this easy bet, he or she will get the minimum amount of profit.
In fact, this is what happens to most gamblers. Not all gamblers can even make money from gambling because the percentage of losses in gambling is greater when compared to wins.
Gamblers can limit the number of losses and not get big losses, we can consider them winners because the biggest advantage in gambling is being able to minimize the amount of money lost.
If someone can win and get a certain amount of money but can't set a limit to play, then they will return to defeat and the losses will be even greater.
So far no one can beat friend's house, even if someone says they can beat house, I think it's just a fairy tale.

Maybe for once I mean maybe you can collect a huge amount of winning from the house if you are so lucky but eventually if you will keep betting and keep coming back without any limitation with your bankroll, you'll just finding your self giving it back to the house and with losing streak you might deposit most if not all your savings and lose it with the house.

I like your opinion with the gambler who can minimize losses. It's the best practice not to lose huge and if luck permits, you may win some and you can stop playing with some winning amount in your pocket.
hero member
Activity: 2548
Merit: 769

That's why this thread keeping more replies because all gamblers can have a lesson after reading this and we a all know that every on of us are in different country and have a different value for our money like in my country which is 1.4 million dollars is huge money because 1 dollar is around
Exactly,  a lot of lessons have been learned from this incident and what makes it more touching is the fact that the amount lost is quite a significant amount that many think is enough money to change someone's life, this thread has been one of the threads that thought me how not to bet on sure odds since there are no odds that is 100% sure.

And also I have learned to minimize staking amount per time, this is because,  if the gamblers have a hard proper limit application, he or they won't have gone ahead to stake such an amount and that could have reduced the total amount I lose, from the replies of many members I have learned from the diverse experience of other in the forum and what they're thinking about the risk taken by the ops in question.
Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.
hero member
Activity: 1708
Merit: 522
Leading Crypto Sports Betting & Casino Platform
If gamblers do not take into account the risk associated with each game, I am afraid that they will never be able to make money in gambling. The gambling houses know exactly that and they make full use of this situation when a gambler invests more in any bet. Even a bet with odds of 1.01 favors the gambling house because even if the gambler wins this easy bet, he or she will get the minimum amount of profit.
In fact, this is what happens to most gamblers. Not all gamblers can even make money from gambling because the percentage of losses in gambling is greater when compared to wins.
Gamblers can limit the number of losses and not get big losses, we can consider them winners because the biggest advantage in gambling is being able to minimize the amount of money lost.
If someone can win and get a certain amount of money but can't set a limit to play, then they will return to defeat and the losses will be even greater.
So far no one can beat friend's house, even if someone says they can beat house, I think it's just a fairy tale.
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