Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 22.

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Quote from: btc78 on March 23, 2023, 09:54:44 PM

Quote from: erep on March 23, 2023, 03:45:19 PM

Quote from: Silberman on March 23, 2023, 03:24:32 PM

While anyone can do whatever they want with their money at the same time I doubt this was just spare change for this gambler, think about it, even if that person had 14 million on the bank losing 1.4 million is the equivalent of losing 10% of his capital in under an hour, if an investor or a trader was losing that amount of money they will be in complete panic, so the only way someone could consider that amount spare change is if they had more than 100 million dollars, and the amount of people that have that money are very limited around the world.

Although some speculate he is a billionaire but of course he will be disappointed from the result of the bet, no one will be willing to accept that gambling loss because he has predicted high odds of winning but his prediction is wrong and he has to lose the highest betting balance, so we can draw conclusions from this case that don't bet high because slot betting and sports betting no one can predict accurately.

who will be not disappointed losing million dollars lol, specially in single bet? maybe they can afford losing a million willingly if this happens for the whole day but for single betting even the richest man in the world will hurt here.
but losing this big? for us this will be our entire life asset and means losing our life lol.

I think the same, I mean if someone invested a fortune in bitcoin and then suddenly its price went down to the point they lose 1.4 million dollars they would not be worried at all as they know that money can be recovered as soon as there is a correction or once the bull market comes, but losing that amount in a single bet would be too painful as they know they would have no other way to recover that money except by working hard for a long time.

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Quote from: Wiwo on March 27, 2023, 01:01:30 PM

Quote from: BobK71 on March 26, 2023, 11:45:27 PM

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling. Above all, I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

Well, I can't really say the same, because I have seen a gambler who is not wealthy but still managed to bet high amounts and most of his fortune comes from gambling and he can make bets of millions of our local currency.

-I don't know if he really has any other investment to qualify as being a rich person, but he has a set aside a huge amount that he gambled with, but his life is really unstable due to that.

Yes, from the amount of the bet, we can see the ability of gamblers, whether they have the ability to gamble in large amounts or vice versa. But I also often see them push themselves and hope their luck comes at the right time. Those who don't have enough money to force themselves to bet large amounts of course is a mistake, because after all this is a gamble full of luck. This should be avoided, never force yourself to bet large amounts when we are unable to do so, because then a lot will surely be sacrificed.

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Quote from: BobK71 on March 26, 2023, 11:45:27 PM

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling. Above all, I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

Well, I can't really say the same, because I have seen a gambler who is not wealthy but still managed to bet high amounts and most of his fortune comes from gambling and he can make bets of millions of our local currency.

-I don't know if he really has any other investment to qualify as being a rich person, but he has a set aside a huge amount that he gambled with, but his life is really unstable due to that.

klidex

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Quote from: DevilSlayer on March 26, 2023, 09:05:43 PM

Quote from: klidex on March 26, 2023, 06:20:24 PM

Quote from: ethereumhunter on March 26, 2023, 12:10:24 AM

Quote from: klidex on March 25, 2023, 04:04:12 PM

Here in gambling for me the rich or the poor are the same, the only difference is the number of bets that will be made and in the end it's all about luck and self-control, it's very important for us to remember that even though someone who is very rich can lose a large amount as told by the OP, it's because controlling yourself is very difficult what's more if you have a lot of money in your pocket, it will be the biggest temptation.
So that small gamblers can control it more because in the bankroll he has only a small amount that must be controlled so that gambling can last a long time.

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.

Usually, when the level of self-control decreases, gamblers don't realize that after getting a loss, they only think about disappointment after losing, and sometimes gambling addicts, after feeling disappointed, think about chasing losses, which will have worse consequences for losing even more.
Sometimes rich gamblers usually have a high level of self-control, but one day he will return to take revenge for his losses.
For example like I have $1000 in my bank and I have lost $100 in gambling, I thought it's ok to lose $100 I still have $900, But after a few days I went back to gambling to risk $200 thinking to get back my previous loss because I lost $200 that's fine I still have $700 in my savings and so on.
So self-control at that moment maybe a rich man can control him but not sure after a few days if he can control himself again because the disappointment of losing millions of dollars is always on his mind.

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.

Betting with a small bankroll is betting with small bets, it is indeed better even if you have a lot of money but this method can make you feel disappointed in your mind.
Maybe everyone says this easily but when you have a lot of money sometimes someone loses control to keep using a big bankroll and when you lose it will definitely cause disappointment that disturbs one's psychology.
In the end, all of this returns to their respective mindsets to continue to ignore this problem or take it seriously and apply it to every bet.

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When it comes to gambling, we need fo settle some vital facts before we start playing facts like how much we are willing to lose but that can only be applied to gamblers who are still stable and not addicted, because in ops case it shows that he was a addicts that make the matter worst for him to handle his level of excess.

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Quote from: Jossque on March 26, 2023, 06:12:32 PM

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.

For sure there are many gamblers who got caught in the act here, placing a huge amount of money for Denmark since the chance of winning is high, just like the scenario with what OP's story, it was a huge lead after the first half something that you will not think that you will still lose the game, especially if you are in this kind of tournament where pro players and squad mostly knows how to protect and play the game with decent leads.

But like what mostly happens, that kind of shit can trigger your bet to lose. Nothing is guaranteed till the last seconds are still running in the game.

Dunamisx

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Quote from: hZti on March 27, 2023, 03:58:36 AM

Could be that the game was rigged if the betting company knew that they could easily make 1.4 Million dollar if they would rig the game. However it is way more hard to rig a game than people actually think. The most easy solution is actually that he was an idiot that felt smart when playing with this high amounts of money. The real question is why he had 1.4 Millions to spend if he does so bad choices in gambling.

Did you just say rigged, well I can't concluded on the reputation of the kind of casino he uses but as far as am concerned most gambling casinos don't do that, there's nothing to rig once after you've taken placed your bet and staked on it, they give you a printout slip serving as your winning ticket in case it comes, ordinary gambler on a low class cannot use such huge amount to gambles without having an alternative backup.

hZti

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Could be that the game was rigged if the betting company knew that they could easily make 1.4 Million dollar if they would rig the game. However it is way more hard to rig a game than people actually think. The most easy solution is actually that he was an idiot that felt smart when playing with this high amounts of money. The real question is why he had 1.4 Millions to spend if he does so bad choices in gambling.

RILWAN

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The player was confirmed to have had a past history of gambling addiction and has wasted much more amount than the 1.4 million dollars in the last loss, but then I wondered why he is still having access to such huge funds when their knows he has a gambling problem, it shows the have not been proper rehabilitation for the ops.

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Quote from: BobK71 on March 26, 2023, 11:45:27 PM

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling.

Like the one who has lost $1.4M dollars, he's certainly a rich guy that wouldn't bother to lose that amount. If I was rich, I might do that as well with confidence based on the given odds. But then, it's not always a holiday, and even if with that odd, you are unsure of the outcome of the game that you're betting for.

Quote from: BobK71 on March 26, 2023, 11:45:27 PM

Above all I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

There's still a huge gap between rich, middle, and poor gamblers. I might be on the latter part and I do gamble only when I feel it and it's not always on the go. And I'm too delicate with the amount that I bet for because it's not that easy money that I'm betting.

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Quote from: Jossque on March 26, 2023, 06:12:32 PM

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 often happens when at big football events like this, for example yesterday's world cup saw morocco destroy a lot of betting markets, because morocco always manages to qualify for the semifinals beating teams from underdog countries. since then I have never made a big bet with low odds even though it is the most favorite but I am always looking for other matches that are more probable for example matches in the league not in big matches like the world cup or European cup and others.

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Quote from: Reatim on March 26, 2023, 10:00:52 PM

Quote from: Jossque on March 26, 2023, 06:12:32 PM

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.

and still , this is why its called gambling because there is no complete assurance , things can change any time and result will vary in the end of game and that is not will come in the beginning in which proven here , imagine a favorite team and took the advantage in first half but ending be a loser ?
that is so sad for those who put a bet in this team but losing badly.

in sports betting anything can happen and usually it will give a surprise in the final round, that's sports betting.
low odds for me are not a definite result. we need more research before believing in low odds.
even though low odds seem convincing, let's see how many cases of people are deceived by low odds and end up losing.
for sports betting at least we have to be more thorough in doing research before placing a bet it will be better than just believing in misleading low odds.

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Quote from: capedbaldy on March 25, 2023, 05:58:36 PM

Quote from: DoublerHunter on March 25, 2023, 04:30:19 PM

^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.

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.

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling. Above all I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

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Quote from: Jossque on March 26, 2023, 06:12:32 PM

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.

and still , this is why its called gambling because there is no complete assurance , things can change any time and result will vary in the end of game and that is not will come in the beginning in which proven here , imagine a favorite team and took the advantage in first half but ending be a loser ?
that is so sad for those who put a bet in this team but losing badly.

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Quote from: serjent05 on March 26, 2023, 04:39:10 PM

Quote from: erep on March 26, 2023, 03:52:08 PM

Quote from: Wiwo on March 26, 2023, 02:12:59 PM

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.

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.

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.

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.

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Quote from: klidex on March 26, 2023, 06:20:24 PM

Quote from: ethereumhunter on March 26, 2023, 12:10:24 AM

Quote from: klidex on March 25, 2023, 04:04:12 PM

Here in gambling for me the rich or the poor are the same, the only difference is the number of bets that will be made and in the end it's all about luck and self-control, it's very important for us to remember that even though someone who is very rich can lose a large amount as told by the OP, it's because controlling yourself is very difficult what's more if you have a lot of money in your pocket, it will be the biggest temptation.
So that small gamblers can control it more because in the bankroll he has only a small amount that must be controlled so that gambling can last a long time.

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.

Usually, when the level of self-control decreases, gamblers don't realize that after getting a loss, they only think about disappointment after losing, and sometimes gambling addicts, after feeling disappointed, think about chasing losses, which will have worse consequences for losing even more.
Sometimes rich gamblers usually have a high level of self-control, but one day he will return to take revenge for his losses.
For example like I have $1000 in my bank and I have lost $100 in gambling, I thought it's ok to lose $100 I still have $900, But after a few days I went back to gambling to risk $200 thinking to get back my previous loss because I lost $200 that's fine I still have $700 in my savings and so on.
So self-control at that moment maybe a rich man can control him but not sure after a few days if he can control himself again because the disappointment of losing millions of dollars is always on his mind.

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.

klidex

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Quote from: ethereumhunter on March 26, 2023, 12:10:24 AM

Quote from: klidex on March 25, 2023, 04:04:12 PM

Here in gambling for me the rich or the poor are the same, the only difference is the number of bets that will be made and in the end it's all about luck and self-control, it's very important for us to remember that even though someone who is very rich can lose a large amount as told by the OP, it's because controlling yourself is very difficult what's more if you have a lot of money in your pocket, it will be the biggest temptation.
So that small gamblers can control it more because in the bankroll he has only a small amount that must be controlled so that gambling can last a long time.

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.

Usually, when the level of self-control decreases, gamblers don't realize that after getting a loss, they only think about disappointment after losing, and sometimes gambling addicts, after feeling disappointed, think about chasing losses, which will have worse consequences for losing even more.
Sometimes rich gamblers usually have a high level of self-control, but one day he will return to take revenge for his losses.
For example like I have $1000 in my bank and I have lost $100 in gambling, I thought it's ok to lose $100 I still have $900, But after a few days I went back to gambling to risk $200 thinking to get back my previous loss because I lost $200 that's fine I still have $700 in my savings and so on.
So self-control at that moment maybe a rich man can control him but not sure after a few days if he can control himself again because the disappointment of losing millions of dollars is always on his mind.

Jossque

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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.

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Quote from: erep on March 26, 2023, 03:52:08 PM

Quote from: Wiwo on March 26, 2023, 02:12:59 PM

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.

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.

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.

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Quote from: erep on March 26, 2023, 03:52:08 PM

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.

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.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 22. (Read 8226 times)