Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 26. (Read 8226 times)

If I understand you well, then you are correct, except for the part you said it's their money, and if they lose it, or whatever they do with it, it's none of our business - one thing you must realize is that, this people or person do have families that depend on them, the decision they make in terms of finances will determine whether this family will continue to depend on them or will turn to depend on the society, when they depend on the society, it will directly or indirectly affect you and I because we all put together are the society, this is why we are told to be our brother's keeper.

They do have the finances, then why it is really that a big issue or in main talks about for a certain person who do lose up big? just because it wasnt really worth for those amounts to be spend that way?

Just let them be on what they do tend to do so because its their money and its none of our business if they would be spending up millions of dollars on each bet.Its impossible that they arent aware
on the risks involved on the time that they do put up their bets.

They do have the money so it wont really be not shocking if ever they would lose bigtime.

If this story is fiction that was deliberately made up by a casino, why does the story have to be this dramatic, at least the story will be different. for example, a gambler won a bet with a nominal value of $ 1.4 million with a small capital. that way, it will trigger gamblers to try to get the same luck.

After all, the essence of the story the OP shared in this thread is the message between the lines. that said, there are no easy bets, even lower odds always have risks. which means, nothing is without risk in every bet even though the probability that we have is very high. well, actually you can learn the contents of this story, or try to research it. In the link the OP shared, a guy bets $1.4 million at odds @1.01. which means, the guy has a high probability of winning in his betting session with 99% win. unfortunately, in that link, the previously unseeded team was able to make an epic comeback. in the end, the man lost the money he gambled.

Well, in a sports match is it natural for a strong team to have the potential to be conquered by a weaker team, as happened in this man's case. So, regardless of whether it's true or not. the important point, the essence of what the OP conveyed. he advised, to be careful when making bets even though low odds have a high probability of winning. however, there will always be risks.

Such gambler is not a new comer in betting. He must have been trying his hands on it for long and in fact considering the amount used, he may be a steady winner that has seen gambling as a business and increasing his stake is not a problem. For real risk takers in gambling, it is a chance to increase there wealth, for example the rap star, drake has huge appetite for gambling and has done several with stake.com also winning very big wager

In fact, those who bet such large amounts are usually not a average gamblers. They certainly have a big earning source. That may be one of his smaller bets that has been revealed. Moreover, if that person had won that particular bet, it would not have been revealed. He knew very well that there could be a loss in gambling but the chance was very low at that particular bet probably that man takes the bet according to this thought. After all he was a experienced gambler and as a gambler perhaps he had no regrets.

If 1.4 million is his spare money, then it's not a big deal for a gambler lover. When gambling always have it in mind that it a win or lose situation, it's either you gain or you loss.
Stake what you can afford to loss to avoid heart attack and don't be greedy while gambling.

It could be that it is like what you say because we don't know what really happened. That's why we can only speculate about what happened to him and we really don't expect him to gamble big money even though he is very rich. But it's true, he could have won a big win before but he didn't tell the public or those of us who didn't know he had a big win from the previous bet.

By having limits in gambling, we can know how many bets we can place and not take risks by placing bets we cannot see. Apart from that, we must also have self-control in gambling to suppress emotions that can escalate at any time and avoid big losses.

If that person only had that amount in his savings but used it for gambling instead, he would regret it greatly and would fall into a deep depression due to gambling. We have to be able to prevent that from happening to us.

There is an old saying that goes "think wrong and be right", but in this case I think that you are going too far away in your suspicions

Although I won't deny the possibility that this news was originally shared in order to exploit psychological flaws and encourage people to think about gambling and, therefore, gamble more, I don't think that it is just a fabrication. It is improbable, but possible, that this kind of big wins and losses happen from time to time, specially taking into account that a few millionaires like to gamble ridiculously high amounts of money for the shake of fun.

Here is an example that changed my mind and may help you change yours too: I used to consider that reality shows were totally orchestrated, scripted, until I realised that, if I was the manager of the television producer, it would be much easier for me to find people who already were the way I wanted, rather than hire actors to perform the way I wanted.

That said, it is much easier to find a unique case of a 1.4 million loss in order to create a discussion on gambling, rather than "fabricate" it to encourage discussion.

But it is possible that this whole story about such a huge loss may well be just a fabrication in order for people to discuss gambling itself more. 
And more people would gamble.  And by the way, these players, purely psychopogically, would make big bets, more than they did before.  There is also an option that such a loss is negotiable and the losing player did not really lose such a lot of money. 
So it is not clear what is true here, and what is just fiction and lies, which are actually hidden advertising of gambling.  Or, it may be a hidden advertisement of a particular casino or bookmaker. 

So I would not trust such information about a colossal loss at 100%

We won't be having this discussion right now if this person won the bet, I don't feel sorry for him because he was ready to lose the money, every one percent chance of winning a gamble doesn't clarify the winning, also it's hard to believe that this person is someone who is been greedy, he is rich because the money he lost is enough to change the life of many, he won't dare throw that away to gambling if he has no other big money like what he lost.

But if you gamble on sports betting, you will find that you have a good chance of winning by predicting a match well.
And that's why you must keep learning to analyze by gathering more info about the match to choose the right team.
And even though your prediction may not meet your expectations this time, you can still predict for the next game.
We also can't predict exactly. After all, we won't know how the match will go because maybe in the middle of the match, we will see changes from each team.

Indeed, gambling should not be addictive or panic because it can drain all the money you have.
But unfortunately 80% of gamblers are definitely addicted and actually become addicts, especially for those who have more money, it will easily become a gambling addict.
Nothing can stop friend's gambling addiction because it is innate because you are happy when playing gambling so curiosity continues to arise to make someone unable to stop gambling.
Even though this is not a good thing, in reality gamblers spread all over the world will sooner or later experience it.

Whether he do go all in or he could really afford on taking or making up millions of dollars on the bets he do make.We do know that there are really people on this world whose really that extremely rich which they do bet out on amounts which would really boggle up our minds on how the heck they would be able to afford on losing those amounts considering that dealing with gambling does impose huge risks no matter how small the odds are but it wont really be giving out assurance that it would really be resulting into a sure win.Always have that small chance for everything to turn around which is something not that recommendable
if we do speak about all in bets.

winning in gambling is something that come with love because it does not come with your own personal prediction your prediction is not accurately cannot learn how to predict again so I believe that whoever that is lucky enough to win a gambling that is based on its own lock that moment so there is no place someone can say that they stole the prediction and predictions there Ender always be perfect so I don't think that such is it in life is such happened I think is a fallacy

That's why odds whether they're at the lowest, you may still potentially lose that bet. And having that much money seems to be freaking out when you seem to have nothing else to do with it. It's just rich problems and I don't think that I'll come up to that point in my life that I'll be doing that even if I'm sure with my bet that it's well-researched. Still, I don't trust that since gambling is genuinely unpredictable and games have a lot of unexpected outcomes.

You should really do it because if you don't, you won't notice that you're losing more from what's expected on your budget.

Sometimes we think that it is very easy for us to make a winning just like we usually think. Gambling is always unpredictable that is why we need to know.what we are doing so that we will not go and use our money that we supposed to use for a better thing for something that will make us lose completely. Indo try my best to make sure I gamble responsibly.

Correct, 1.4 million dollars is a lot of money regardless of where you are around the world, so you could have easily started a business or buy some real estate with that money and you could have obtained way more profits than with that bet, which leads me to think that the person making that bet had some gambling issues, as even if a person has a lot of money they do not get there by making those kind of bets, so most likely the person which made that bet lost all the money they had at the time.

There was a time and a place I also made some 10k bets on odds below 1.1 .

That was some excitement I can I can tell you, until I lost one of these. 

It's only fun as long as it lasts, haha.
I remember 1 bet, thats actually the biggest comeback in Dallas Mavericks history, I bet against them.

Or 1 time I backed Federer against Tsonga, he lost the first set , then I backed him at 1.6 to win the match. 2nd set easy, 3rd set 5:1 and then it all fell apart. Tsonga had odds of 500 and 800:1 at betfair and I didn't do it, didn't want to waste 3$ of my 2000$ win. Would have cleared 2k on bot sides of I make the trade. Would, should, could.....

Biggest miss and lesson of my life. Don't let greed take over.

Betting these odds with these amounts is a risky dance.

I can't imagine myself betting away such an amount I'm one bet, in fact, if I have that amount of money I will retire because, in my part of the world, 1.4 million dollars is quite a big amount.

-Ops may not feel it that way, since he seems to be a big bag holder and money is not the problem for him but I am sure this situation will affect his physical and mental health for some time before gets get over it.

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