Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 16. (Read 8226 times)

The sum announced is really a tough thing to lose, so that gambler must have been a millionaire. If not, then its too strange... However there are such cases when a person loses not only what belongs to him, but also what he borrowed. I hope that guy will recover the money if he is in charge... As for millionaire gambler, that's just usual situation, there are people who spend millions with the same ease as we spend hundreds.

As a gambler, one thing you need to know. that in every gamble, everything carries a risk. that is, you must be prepared to lose the money you risk. in this case, sports betting. so it's not a matter of being a victim of defeat, because you are faced with the choices you make in the betting session. sports betting can also involve an element, one might say a kind of technique. here we will need your insight, knowledge, and foresight in every bet. plus, instinct.

At the very least, you need a process we call analysis. in every consideration, we will be faced with two teams that will compete, looking for all the latest information, comparing them, looking for weaknesses in each other, then deciding the bet. yes, the process is not simple if you want to minimize losses. if the gamble isn't ideal. as in the case of this thread, at 1.01 odds. you can look for other options. even if you can, you are looking for other bets that are more ideal in any way including the odds. yes, in essence, as I said at the beginning. As a gambler, you must be prepared for the risk of losing.

in the past, something like 4 years ago I saw this type of options, but the annual returns that the casinos that offered this gave were very small, there was no big difference with what the banks offered, so in my opinion I did not see any advantage in putting money into that type of investment, imagine the person having to stay a year to only make a profit of 3% to 5%, this is something that is not worth taking the risk, because the person is leaving money in the casino for a year, and a big risk


this is another high-risk investment, I know that any investment in cryptocurrencies is risky, but in the case of casino tokens the risks are much greater, I don't see much use in casino tokens, honestly there is no advantage in any casino create your own altcoin, knowing that there are already many casinos that are offering the same things and accept many altcoins as a deposit, why would anyone want to go to a casino that has their own token when that person can go to another reputable casino and play with bitcoin ? why would people invest in a casino token? the price of the casino token depends on the performance of the casino, we all know that every year there are many casinos that offer the same things


in the case of sports betting, it does not depend on luck, it depends on knowledge about the games, in sports betting, relying on luck is a serious mistake, even if the person bets on a game where he has an odd of @1.11 thinking that he will be lucky, that person you can lose a bet because you need to analyze several things before placing a bet on a game, for example: the person may think: "team Z always wins, today it will play against the worst team, so the odd for team Z is at @1.11 then team Z will win " but the best players on team Z will not be playing and for people who know team Z well will already know which team Z will lose, in sports betting there is no such thing as counting on luck

There are still casinos that offer gamblers investments. You can visit Blackjack.fun, BetFury.io, and Owl.games. After you register and log into your account, you will find an offer to become an investor and there are many coins you can make as an investment, including bitcoin. But I don't know what the percentage of investment in the casino is. Perhaps, you can visit the casino's ANN threads to ask their representatives. Giving gamblers a choice of investment programs is an alternative that can be given to members so that they can invest besides gambling.

Exactly mate and I do agree with you on this very one about changing of techniques and I always encourage people to try out new techniques especially when the current technique no longer work for them rather than trying to steak to a failing technique simply because you want to prove to peiole what doesn't actually matter to you and also to them.

This very incident should be a big lessons to most regular gamblers that nothing, absolutely nothing is guaranteed in gambling and people can get easily disappointed and I do feel for this player because no matter how much money  he has, he would definitely feel the huge figures that has left him.
People should learn from others mistakes and not wait for it to get to them.

I do remember that some casinos offer gamblers to invest in their bankroll. I am not sure if there are casinos left that offers it or maybe what you say is true that we may not heard it or there's no casinos left where you san invest. Maybe asking someone could help if there's still casinos that offers investment or not.

talking about investing in casinos, yes, there used to be a method like this, but recently I know that there are casinos that provide benefits for investors who want to invest in their tokens, like Moonbet, maybe you can see it there.

back on topic.
in gambling there is no guarantee that it is safe or certain, all bets still depend on the luck we will get. even if you are a big gambler if you are unlucky you will lose huge amounts of money like that guy lost $1.4 million on sports betting.
so there is no definite result and no guarantee is safe.

Here, what you say about earning "easy" money - this should always be checked.  Usually this is how, promising to get quite a lot of money, without putting any effort or work adequate to the amount, scammers deceive naive citizens.  And among ordinary people there are a huge number of naive fools who believe scammers.  And they lose their hard-earned money.  However, it is not always easy to check the intentions of someone who promises a big win.  Sometimes people affected by such a loss of money claim that they voluntarily made a bet or simply trusted someone with their money under the influence of some kind of hypnotic state.  And at such a moment, they were not even fully aware of the logic that they were doing wrong or even making a gross mistake.  All these are mysteries of the human psyche. 
Because then they all know what a stupid thing they did. 
But it's' too late.

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.

It depends on the type of gambling, there is sports betting and there is also slot games.
If you are doing sports betting, which actually is the topic of discussion on this thread, if you lose your bet, there is always a reason why you lost, and if you win, there is always a reason why you won, some gambling requires strategy, as without strategy, your gambling activities would be as one running round a mountain with the intention of climbing, but eventually, he keep running round the mountain without actually climbing it.

And for casino games, like slot, this is a game where the gambler solely depends on luck to win, if the gambler did not win, it is an already established idealogy that the gambler wasn't lucky at that moment, this can be called a reason as well.

We do need to learn from experiences of others.  Not obviously the games but their lives troubles, success, and many more.  We can also set some people as examples such as when a person got addicted, what is the effect of gambling addiction to oneself and his family.  By learning those things we can be aware of ourselves the things we need to avoid and the things we need to do to make ourselves resistant to gambling addiction.


I do agree that gambling is always about the risk but winning or losing it is all random.  So I can't say that there is no way to earn in gambling.  You earn profit if you win but obviously you lost money if you lose.

gambling is not something that you need to learn from somebody because somebody that lose in gambling cannot give you any reason why it lose in gambling even though the person so so make profit it cannot give you the reason why the profit occur, the only thing I understand there is that gambling is a grace

Are you talking about gambling investment? I remember, back in the day, there were some casinos that used to accept investments for their bankroll and used to pay interest over that based on the amount invested, and I remember that such investments were pretty popular at that time and everyone used to suggest investing in casino bankrolls.

I'm not sure but I think there are no casinos that offer this anymore or maybe I just didn't see or heard of any. Nowadays, casinos are more popular and have high rollers so the revenue is high, they probably don't need any investments for their bankroll I guess.

Gambling is always about risk, there's no ways to earn in gambling for sure, but there are ways to lose money in gambling, and some ways lead to money losses for sure. So the best way not to lose money in gambling is to know when to stop. Many people think that it works when a person wins much. But the worst thing is that it works also when a person loses much, but can't stop, hoping that there will be a win soon...

Gambling is a risky activity and at that no matter what lesson you think you have learned, the odds can still be against you and if the luck is not there losing can not be avoided.

-This story only thought us one big lesson which is, not to rely on sure odds to make drastic decisions by staking high amounts, and not every sure game is a winning game.

Yeah, given that the odd is like that and the chance of winning for that team is almost certain. But it's a match, and this is gambling for which we still have that little chance that the game might change and there will be some turnover for which happens truly unexpectedly.

Yeah, very plausible to every sports that we're following and betting. Even if you are 100% sure that the bet might win, always set that thought in your minds that things could really turn the opposite surprisingly.

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.

for casinos we really need techniques but this thread discusses sports betting gambling which does not require technique but analysis, all gamblers will indeed take lessons from each of their defeats but the fact is that many gamblers don't learn that there are just continuing to play and spending all the money and assets they have he has then become an addict, especially if you want to make sports bets you have to understand and analyze matches before betting

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

It is like someone giving you money to pay bills, but because you are addicted to gambling, you will bet it all in and are  100% sure that you will win it and the profit will be yours, but it turns out not to be so and in the end you lose it all. The mindset of the person on this is always about profit, not risk or loss. Though I have this mindset, I do not use it because I have already lost a lot of times using it.