Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 15. (Read 6572 times)

But there are still probability that he is just a normal person that used others wealth to bet and he thinks that he can won it or uses someone funds like ive seen here that someone used the company fund to gamble but if he do this for sure he is addicted to gambling as he done this. I really hope that he is okay right now and just forget that he lost that big because it has a huge instances that he got depressed.

They feel disappointed because they are too much attached to their bets, which means they only see the situation that they win and they do not have any scenario of losing in his mind. As a gambler we should know that gambling is purely probability game, we should have different scenarios in our mind so that if they certain scenario happens; we know what we will do. We should fix our attitude for us to not be in situtation like we feel disappointed, anger and regret because of our loses in gambling. Great attitude serves as the blueprint of our success in gambling, we can easily have good gambling psychology is we start fixiung our attitudes.

I also advice that we should not bet huge amount of money in certain bets because it makes us too attach for that bet. Our psychology usually get fucked up when we focus on just winning by betting our hard earned money. Accepting risk is the key, we will not be disappointed even if we lose our bets.

Today we have once again seen how deceptive the odds are. In the Denmark - Kazakhstan match, Denmark failed to win the match despite being heavy favorites. Denmark was given odds of 1.06. But Denmark lost the match 3-2 after leading 2-0 in the first half. From here we see again that there is no guarantee of any match. We need to understand again that matches should not be made according to the odds. Many people can lose big money because of simple matches because of low odds. As a lesson for us, I prefer not to bet on such matches because it makes no sense.

It is certain that the dude involved is a rich man, because it takes being rich to put out over a million dollars into one single bet, which he lost.

Now like you said, let's hope he has more of those Millions in his account, atleast, he could use that to console himself, until the wound is completely healed.
But if it be then that he went all in, that is, he placed that bet with every penny he had, since he believe that it is a sure game, then I must say that it's suicidal situation, and I just hope the dude is still very OK.

Some time I am confused aboutout some things such as we say the way the rich take lossesifferent from how an average gambler takes losses, but in reality, if you check the variables you will have concluded what makes for how losses are born people.

-But then in most cases what decide how individual react to betting result depends on their level of experience in the game over time, take someone that has been into football betting for several years and have had variousossehadevarious losses same can't be said of someone who is just new but has money to stake high amount.

I am sure the guy stated @OP is a rich man and probably that amount is just a drop to his wealth.  Probably that guy uses that strategy often and he is fully confident that nothing will go wrong because the team he is betting to win is leading by mile but sadly gambling has some unidentified variable that can change the result of the game. 

Even though I think the guy @OP stated is a wealthy person, I hope that he is not depressed over the losses.

Based on the above conclusions, he placed a bet because he had predicted the odds of winning and the odds were low that he would lose, but in sports betting there are no accurate predictions and he has lost all his bets, let's hope he is a rich man and still has another million dollars in his account, because Anyone would be stressed from losing millions of dollars on high bets and unfortunately he targets low profits on those bets.

Yes rich forks have a lot of money to throw around and wasting an amount that is enough to change someone financial life in just one bet with a very bad odds makes me. Wonder if the bet is actually done to win or if the ops placed the bet by mistake.

-Because we have a few situation where players make such life-draining mistakes of betting amounts beyond what their plan to bet with.

Yeah, rich guys are able to do so... Hope he is really rich and didn't take credit for this bet. There are several occasions with credits for staking, mostly bad stories  And, seriously, a person can also be a fan and trust his or her favorite team so much that they bet such sum on them...

Sometimes I have this thought that it's only rich guys that lost bigger in gambling because I read such things as being rich only makes you bet bigger since you have access to enough balance to gamble with.

-But then also we must acknowledge the fact that not only rich big bag holders have access to huge funds to gamble with, we also have some normal average players who have the heart to gamble high amounts or accumulate higher total bet amounts via their wagering total.

Getting into deep will be a big problem either you are a rich gambler or just a small time player, the chance of being tempted as time goes by will bring you to put more money into your bankroll, though if you manage to put good limitation with your day-to-day sessions will help you to enjoy and possible to earn if you will create good system to find good advantage according to your experienced.

But the chance is slim and if ever there are gamblers who can win against the house, there are still more that who can't control and lose a lot.

You've thought this through, fam! Yes, this game may be played. Making the best decision with the facts you have is key. I like the Asian disabled lifestyle since it offers many choices. As you suggested, pick the club with the best odds. Liverpool's 5.40 odds seem slim compared to City's 1.58. However, this chaotic game is unpredictable!

He acted irrationally by risking $1.4 million. Money distorts our thinking and makes us take unnecessary risks. As you correctly noted, skilled gamblers with plenty of money usually study and analyze before betting. Gaming is addictive, thus we must be careful to avoid it. In conclusion, gamble calmly, make informed decisions, and never risk more than you can afford.

If that happens to us while we still have a lot of money, we should realize that we need help from other people to save us from things that can further aggravate our condition. When we are addicted to gambling, we cannot imagine what can be lost because of gambling because all that is on our minds is gambling. And for now, that gratitude is getting bigger because we can still try not to get addicted to gambling, can limit gambling activities, and the most important thing is that we can still have money for other things.

And when one's restraint level begins to wane, that person should stop immediately before one suffers more defeats. And even though he is a rich man, he must stop immediately because it can trigger him to use more money. After all, he knows he still has a lot of money to gamble. To overcome this, we may limit depositing money for gambling so that when we lose control, we can immediately find out and get out of gambling. But it won't mean anything if we keep depositing another amount.

Actually it doesn't matter whether they are rich or poor gamblers because if they allocate a funding limit for gambling then they will not add other funds for gambling, even though poor gamblers have limited funds so not much money is bet on gambling, the important point is that they have to control themselves and not greedy in gambling.

^This is definitely right and I believed your thought, whether someone is rich or poor, the outcome could be determined by luck and self-control. It is possible that having a lot of money in one's pocket can be a big temptation, making it difficult to control impulses and avoid excessive betting. Probably smaller gamblers may have an advantage in that they have less money to gamble with, making it easier to control their bankroll and make their gambling experience last longer.

The truth is, we don't know it.

But the theory you say in this post makes a lot of sense. but actually, there are rules of the game that we must follow. which ones are appropriate for us to choose, and which ones should be ignored. me, can do two options, i can bet on 1x2 or, bet on asian version i.e. handicap. depending on needs, especially if it's doubtful in terms of my personal judgment and considerations. Plus, you don't have to choose a team if the odds available are not ideal. in fact, we can bet on the number of goals or other options and so on.

From my point of view, it depends on a team that is playing. Let's take the example, the Manchester City vs Liverpool match. odds for City @1.58, while odds for Liverpool @5.40. in conclusion, it's hard if Liverpool win this match. Another consideration, whether there are many goals in this match. referring to the Asian odds of City @-1, which means, I can choose various options in this betting session, depending on the results of my analysis and it doesn't matter that the team that will play is City vs Liverpool. meaning, anything is possible.

Let's refer to the guy who gambled his $1.4 million. does he lack consideration, analysis, insight, is it possible that he is gambling blindly. maybe, but the probability is very small. because the fact is, we, who are not professional gamblers plus a small bankroll, will always try to research and analyze before making a bet.
So the question is, why do gamblers dare to go all in with odds @ 1.01? there are no answers, everything is a riddle. but psychologically, our minds are driven in the opposite direction because the money that is at stake is irrational for us.

Yes, you really have to be grateful because you can still bet and indirectly because only a little is used for betting, it can prevent us from gambling addiction.
Following the rich people's way of gambling will only kill us because we have gambled beyond the limits that will make us lose everything.
If you have a lot of money and like to gamble, then addiction is clearly right in front of your eyes and it's only a matter of time until we experience interference, so all gamblers without exception must try to control themselves while gambling.
Actually not a temptation but more to curiosity and greed for victory.

But then again, we should be thankful that we still have a few bucks for gambling. And even though it will never be like the rich playing gambling and we can't compare it, we can still play gambling as usual. And actually, we have more chances to avoid gambling addiction, especially if we try hard to control ourselves and have stronger self-control than others.

But gambling can really give anyone, be they rich or poor, a bigger problem because the temptation of gambling is so strong. Without having good self-control, we will only fall into those temptations without being able to get out easily.