Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 27.

Fredomago

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Quote from: maydna on March 20, 2023, 05:33:03 AM

Quote from: Fredomago on March 19, 2023, 06:32:36 AM

Quote from: maydna on March 19, 2023, 02:30:34 AM

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

An outcome of un-control gambling activities, I agree that betting with emotions can triggered your aggressive approach and without luck the outcome will always in favor of the house, though despite of a high chance winning pick the gambler who bet this huge amount still lose his money, it can be an easy money if shit didn't happen on him.

But we all know that inside gambling everything is possible and that will serve as a good example to prevent thinking that you can easily come out with decent benefits, as the outcome may turn against you.

And instead of getting that huge defeat, we should always try to control ourselves so we don't think that using big money can give us big wins. Using big money will not guarantee that we can get big wins, but what is certain is that we can experience big losses, especially if we lose control.

Betting on emotions only accelerates the loss of money instead of trying to enjoy the moment of gambling. And we certainly will not be able to accept if we experience defeat. Therefore, try not to continue the game if your emotions start rising. Immediately stop playing and leave the casino.

You need this kind of limitation in order to not to proceed if you already feel that your emotions is the one who's dominating inside you, it will prevent you in losing a huge amount of money and like what you have said, the entertainment is no longer present but it's already been replace by lust and desire to win the game.

With how huge the amount that is being wasted with such a mistake, I can see if that happened to me. Regret and depressions will take place.

batang_bitcoin

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Quote from: Wiwo on March 17, 2023, 01:37:20 PM

Quote from: batang_bitcoin on March 17, 2023, 12:19:43 PM

If this gambler is truly rich and this is just like a $100 from his $1k bankroll then he'll remain positive. But for us, even we're just watchers of this story, we truly feel terrible for the lost that he has made. There's a connection for the emotion of the gambler and I'm sure that even if he's wealthy to lose this amount, he'll still feel that he should have done something better with that money. I don't think it's all about the thrill but yeah, there can be ahe point in our lives when we're thrilled to do something and since we're gamblers, we want to do the YOLO mentally and even if we know that it's not gonna be favorable for the result, we still push for it because of the thought that's being built on our minds and asking the question of what if.

No matter what the level of the gambler is, losing a high amount such as 1.4 million dollars is never a small amount and he will definitely feel it no matter what his bankroll is it is better to apply caution even though you rich.

-This case of the gambler is an acute stage of addiction and if care is not taken the gambler is already running into debt judging from his sense of game judgment and howselectst the oddsand mountainnstakese.

Yeah, a commoner like me would be feeling embarassed even if I'm not known online. It just so freaking depressing if I'm the one who has lost that amount because $1.4M is such a huge amount that's gonna make my life good for a long time or maybe a life time.
But I guess I'm still a dollar or a quarter richer than of those gamblers that have lost a lot and living with their paycheck to paycheck lives and has got a lot of debts and are now in trap and don't know what to do. This is still a way better type of living rather than thinking of those mishaps that have been found and generated by their gambling addictions.

len01

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Quote from: tusandii on March 17, 2023, 03:04:05 AM

Quote from: len01 on March 16, 2023, 06:05:51 PM

regarding the defeat that must be prepared to accept, it would be better to use money that we can afford to lose and not be greedy. as told by the OP the guy is like greedy betting big amount just for 1.01 or $10k win, if win. responsible for our bet it would be better.

For gamblers like us, it is highly discouraged to bet as much as possible and of course we can never allow or easily make bets with that much amount.
But he dared to take risks and spend money because he is capable and can be responsible if he has to lose that much money.
To say that he is greedy, maybe he is not greedy in betting because let's see that the amount of bets that are issued is so large, but the winnings are not comparable to those that are issued for bets.
We all don't know what the point is in spending that much money to bet but it's all a choice and we can only shake our heads because there are those who dare to take big risks by betting quite large amounts.

maybe you don't understand a little, if that guy wasn't greedy, he wouldn't have spent a large amount of money for the odds of 1.01,
the reason I say the man is greedy is because he spends money on bets with large numbers just for the sake of winning that is not proportional to the amount of the bet. even though he can afford to lose but to lose a large amount, isn't that greed?

just try to do sports betting betting at small odds for example 1.01 and you place a bet of $ 100 or $ 500, won't you feel if you are too greedy in betting and it would be better if you bet $ 10 or $ 20 for each match.

mak013

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Quote from: maydna on March 19, 2023, 02:30:34 AM

Quote from: mak013 on March 18, 2023, 04:22:49 PM

Look at his bet more attentively. He don`t want to spend money or to get emotions. He tried to get easy money for small odds. But the gambling can surprise. He made all his possible to decrease risk and get money.
I always say that the gambling must be for fun. In all other situation you`ll get the moment of disappoint in gambling. And it will be a good situation if you willn`t lose all your money.

It is possible that he intended to chase big wins so he boldly gambled with big money but lost. It's fine to have money to gamble but if that money is from his savings, he will regret it very much and maybe he could end his life because of that big loss.

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

I don`t think it is so. And we know about this bet just because he lost it. I`m sure that there are lots of same winning bets.
Of course we can`t know the truth without information from this gambler and i don`t think that he`ll tell anything, but it possible that it isn`t all his money and he can make several such bets one time. And the other bets win.

maydna

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Quote from: Fredomago on March 19, 2023, 06:32:36 AM

Quote from: maydna on March 19, 2023, 02:30:34 AM

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

An outcome of un-control gambling activities, I agree that betting with emotions can triggered your aggressive approach and without luck the outcome will always in favor of the house, though despite of a high chance winning pick the gambler who bet this huge amount still lose his money, it can be an easy money if shit didn't happen on him.

But we all know that inside gambling everything is possible and that will serve as a good example to prevent thinking that you can easily come out with decent benefits, as the outcome may turn against you.

And instead of getting that huge defeat, we should always try to control ourselves so we don't think that using big money can give us big wins. Using big money will not guarantee that we can get big wins, but what is certain is that we can experience big losses, especially if we lose control.

Betting on emotions only accelerates the loss of money instead of trying to enjoy the moment of gambling. And we certainly will not be able to accept if we experience defeat. Therefore, try not to continue the game if your emotions start rising. Immediately stop playing and leave the casino.

Fredomago

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Quote from: maydna on March 19, 2023, 02:30:34 AM

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

An outcome of un-control gambling activities, I agree that betting with emotions can triggered your aggressive approach and without luck the outcome will always in favor of the house, though despite of a high chance winning pick the gambler who bet this huge amount still lose his money, it can be an easy money if shit didn't happen on him.

But we all know that inside gambling everything is possible and that will serve as a good example to prevent thinking that you can easily come out with decent benefits, as the outcome may turn against you.

klidex

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Quote from: mindrust on March 19, 2023, 02:38:49 AM

He was going to lose that money even if played dice to roll a number less than 99. (<95 probably because of the house edge) That's how gambling works in the end. Just because the chances are saying you are going to win 99% don't mean there isn't a 1% chance to lose. And wagering $1.4 million? I can imagine that was way more money than he could afford to lose unless he has multi hundred millions lying around him. Maybe he is will learn something from this expensive lesson and pass down his findings to the next generations and his children won't be as dumb as him.

Such an incident would not be the first and several times we must have heard of someone who lost millions of dollars in sports betting.
Indeed, in sports betting there will always be unexpected surprises like the 1% you said, like winning but in the end losing when the opposing team scores in the final minutes.
So this incident I think is natural because it has happened before and I don't think he lost 1.4 million dollars not a problem for him because usually gamblers bet using large amounts he is someone who is very rich who has a lot of money.
But after all someone who is rich but loses that much money, will definitely experience deep disappointment.

knowngunman

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Quote from: bitbollo on January 18, 2023, 06:43:29 AM

It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

To me this is absolute stupidity and waste of resources. For God sake, how on earth can you use $1.4m on 1.008 odd? What do you intend to gain? Don't tell me betting is about fun and pleasure. The person must be a psycho else no sane human will do such with that kind of money. If he's tired of possessing the money, he should have given it out to orphanage or better still invest in something meaningful. Buying Bitcoin with such amounts will change his life for better in the future. There's no argument that will justify and convince me of his gaffe.

mindrust

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He was going to lose that money even if played dice to roll a number less than 99. (<95 probably because of the house edge) That's how gambling works in the end. Just because the chances are saying you are going to win 99% don't mean there isn't a 1% chance to lose. And wagering $1.4 million? I can imagine that was way more money than he could afford to lose unless he has multi hundred millions lying around him. Maybe he will learn something from this expensive lesson and pass down his findings to the next generations and his children won't be as dumb as him.

maydna

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Quote from: mak013 on March 18, 2023, 04:22:49 PM

Quote from: maydna on March 17, 2023, 10:35:10 AM

Quote from: mak013 on March 17, 2023, 03:49:29 AM

Quote from: slapper on March 16, 2023, 11:14:08 PM

Can you believe it? $1.4 million, just for some thrills! Makes you think, doesn't it? Human behavior, it's a curious thing. Envision the heart-pounding moments of going all-in, then the soul-crushing blow when it's all gone. Talk about an emotional whirlwind!

As humans, we're always chasing that next big thrill, that sense of belonging. Sports betting, sure, it can scratch that itch. But remember, there's a catch! You gotta play it cool, or you'll wind up a sorry example for others. So, let's heed this gambler's tale, make wise choices, and share a good moment!

I don`t think that this situation is about emotions. The gambler decided that he find guaranteed income with minimal risks. But in gambling there are such situations.
PS. And now this gambler has lots of emotions of course, but i don`t think that they are positive.

If I were him and had a lot of money, I might do the same thing as him and spend a lot on gambling. Wealthy people may not think they are spending very much on many things, especially if they have other sources of income that are constantly pouring more money into their accounts. It is a natural thing for rich people that we may not be able to imagine how rich they are.

But we can get a valuable lesson from what he did so as not to use a lot of money and only gamble with the money we can afford. We must reduce the risk of losing money because we are not rich like them and have not become rich like them. But even though we are already rich, we don't need to gamble with a lot of money.

Look at his bet more attentively. He don`t want to spend money or to get emotions. He tried to get easy money for small odds. But the gambling can surprise. He made all his possible to decrease risk and get money.
I always say that the gambling must be for fun. In all other situation you`ll get the moment of disappoint in gambling. And it will be a good situation if you willn`t lose all your money.

It is possible that he intended to chase big wins so he boldly gambled with big money but lost. It's fine to have money to gamble but if that money is from his savings, he will regret it very much and maybe he could end his life because of that big loss.

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

mak013

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Quote from: maydna on March 17, 2023, 10:35:10 AM

Quote from: mak013 on March 17, 2023, 03:49:29 AM

Quote from: slapper on March 16, 2023, 11:14:08 PM

Can you believe it? $1.4 million, just for some thrills! Makes you think, doesn't it? Human behavior, it's a curious thing. Envision the heart-pounding moments of going all-in, then the soul-crushing blow when it's all gone. Talk about an emotional whirlwind!

As humans, we're always chasing that next big thrill, that sense of belonging. Sports betting, sure, it can scratch that itch. But remember, there's a catch! You gotta play it cool, or you'll wind up a sorry example for others. So, let's heed this gambler's tale, make wise choices, and share a good moment!

I don`t think that this situation is about emotions. The gambler decided that he find guaranteed income with minimal risks. But in gambling there are such situations.
PS. And now this gambler has lots of emotions of course, but i don`t think that they are positive.

If I were him and had a lot of money, I might do the same thing as him and spend a lot on gambling. Wealthy people may not think they are spending very much on many things, especially if they have other sources of income that are constantly pouring more money into their accounts. It is a natural thing for rich people that we may not be able to imagine how rich they are.

But we can get a valuable lesson from what he did so as not to use a lot of money and only gamble with the money we can afford. We must reduce the risk of losing money because we are not rich like them and have not become rich like them. But even though we are already rich, we don't need to gamble with a lot of money.

Look at his bet more attentively. He don`t want to spend money or to get emotions. He tried to get easy money for small odds. But the gambling can surprise. He made all his possible to decrease risk and get money.
I always say that the gambling must be for fun. In all other situation you`ll get the moment of disappoint in gambling. And it will be a good situation if you willn`t lose all your money.

Muba20

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I see gambling as a platform for taking risks, so I have no complaints about the odds or stakes. Because he was the owner of his money, he was proceeding according to his plan. So I can't blame him for his defeat. It is usually a part of gambling. Gambling should never become addictive or panicky which can drain the gambler's money.

Dunamisx

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Quote from: tjtonmoy on March 17, 2023, 05:51:55 PM

Even if the odds are in your favor, I always think of gambling as a 50/50 chance. It is gambling and that's why there isn't any 100% certainty that you will win for sure.
And to use that much money on a single bet is somewhat foolish to me. Low invest for higher profits should be the main motive in gambling, unless you are addicted to it or losing unknowingly.
And one more thing that I have to say, that why put that much on one bet? If it was me, I wouldn't do that. Was it a miscalculation? With odds like 1.008, I think not. Was it unfortunate? Yes, he was just unlucky and anything could happen anytime in life.
This is a great example to learn from.

It's not even much about the odds but rather the stake which is extremely high, there are some extent one can be in life to have warrant using that kind of amounts to gamble, it's either you stole the money or you're very rich and into money in this gambling business to have thought of using such amount for gambling, odds doesn't make one win or loose, it rather gives one clue on the next step in action to look before leaping.

so98nn

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Quote from: tjtonmoy on March 18, 2023, 11:46:28 AM

Quote from: BobK71 on March 18, 2023, 12:12:17 AM

The financial situation of the gambler who lost the bet is not the same as yours or mine. He would naturally be considered a big gambler. As a small gambler, the amount that we claim to be big but may not be much to those big gamblers. Moreover, he may have won large amounts by placing such bets in the past. In gambling winning or losing is the common feature so as much as possible to take bets with research and analysis that will be good for the betting life.

Make sense now. It is a big deal for us, but for him, it's a piece of cake. But the fact is, anything could happen in gambling, even the odds are on your side. Even with good analysis, you could still lose. As we can say that he is a big gambler, he will definitely have good knowledge on analysis. So the lesson to learn from this is already there. Proceed with caution. Grin

The response on this thread has got some different swag really.

Why not, it’s million dollar bet and everything was lost in a blink of an eye. That’s ridiculously crazy amount and yes guy must be rich enough to fund his account with that much amount of money.

I don’t think we need any other clue to understand whether gambler was rich or not. Lolz.

However, it was really stupid idea to go that way. Though odds were low, it’s a casino with proper algorithm set to keep up the casinos financial health on the higher side always.

Never underestimate the world of gambling. :-P

tjtonmoy

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Quote from: BobK71 on March 18, 2023, 12:12:17 AM

The financial situation of the gambler who lost the bet is not the same as yours or mine. He would naturally be considered a big gambler. As a small gambler, the amount that we claim to be big but may not be much to those big gamblers. Moreover, he may have won large amounts by placing such bets in the past. In gambling winning or losing is the common feature so as much as possible to take bets with research and analysis that will be good for the betting life.

Make sense now. It is a big deal for us, but for him, it's a piece of cake. But the fact is, anything could happen in gambling, even the odds are on your side. Even with good analysis, you could still lose. As we can say that he is a big gambler, he will definitely have good knowledge on analysis. So the lesson to learn from this is already there. Proceed with caution. Grin

klidex

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Quote from: Daltonik on March 17, 2023, 07:27:06 AM

Quote from: slapper on March 16, 2023, 11:14:08 PM

Can you believe it? $1.4 million, just for some thrills! Makes you think, doesn't it? Human behavior, it's a curious thing. Envision the heart-pounding moments of going all-in, then the soul-crushing blow when it's all gone. Talk about an emotional whirlwind!

As humans, we're always chasing that next big thrill, that sense of belonging. Sports betting, sure, it can scratch that itch. But remember, there's a catch! You gotta play it cool, or you'll wind up a sorry example for others. So, let's heed this gambler's tale, make wise choices, and share a good moment!

I don't think that he did and maybe continues to do it until now only in pursuit of thrills, although this is of great importance, I think that his bet was cold and as it seemed to him a calculated calculation, but to risk $1.4 million in order to get $14,000 is super greed.

A gambler who has a greedy nature will certainly always chase sensations that make him feel happy even though he has to take too big risks.
I said the man who bet 1.4 million is a brave man who is ready to take all the risks he will get, even though it is true that he lost, this will be a lesson for him not to do that again.
But what I'm thinking right now is if that man lost such a large amount because of greed, would he chase his losses or choose to stop gambling for a few months or even a few years.
Because gamblers are usually greedy, they will chase their losses more often and lose in a row.

traderethereum

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Quote from: BobK71 on March 18, 2023, 12:12:17 AM

Quote from: tjtonmoy on March 17, 2023, 05:51:55 PM

Even if the odds are in your favor, I always think of gambling as a 50/50 chance. It is gambling and that's why there isn't any 100% certainty that you will win for sure.
And to use that much money on a single bet is somewhat foolish to me. Low invest for higher profits should be the main motive in gambling, unless you are addicted to it or losing unknowingly.
And one more thing that I have to say, that why put that much on one bet? If it was me, I wouldn't do that. Was it a miscalculation? With odds like 1.008, I think not. Was it unfortunate? Yes, he was just unlucky and anything could happen anytime in life.
This is a great example to learn from.

The financial situation of the gambler who lost the bet is not the same as yours or mine. He would naturally be considered a big gambler. As a small gambler, the amount that we claim to be big but may not be much to those big gamblers. Moreover, he may have won large amounts by placing such bets in the past. In gambling winning or losing is the common feature so as much as possible to take bets with research and analysis that will be good for the betting life.

When someone uses big money to gamble, it could be that he is a big gambler who is used to using a lot of money but is not exposed to the public.
Only this time, he is told that he has lost and we know about it and assume it was a mistake or he was deliberately betting big money.
But those of us who are only small gamblers will think that money that big is not worth betting on because the risk of losing it will be greater than the wins we can get.
And yes, I agree this is a lesson for him and all of us that if we want to gamble, only use the money we can afford.

BobK71

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Quote from: tjtonmoy on March 17, 2023, 05:51:55 PM

Even if the odds are in your favor, I always think of gambling as a 50/50 chance. It is gambling and that's why there isn't any 100% certainty that you will win for sure.
And to use that much money on a single bet is somewhat foolish to me. Low invest for higher profits should be the main motive in gambling, unless you are addicted to it or losing unknowingly.
And one more thing that I have to say, that why put that much on one bet? If it was me, I wouldn't do that. Was it a miscalculation? With odds like 1.008, I think not. Was it unfortunate? Yes, he was just unlucky and anything could happen anytime in life.
This is a great example to learn from.

The financial situation of the gambler who lost the bet is not the same as yours or mine. He would naturally be considered a big gambler. As a small gambler, the amount that we claim to be big but may not be much to those big gamblers. Moreover, he may have won large amounts by placing such bets in the past. In gambling winning or losing is the common feature so as much as possible to take bets with research and analysis that will be good for the betting life.

tjtonmoy

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Even if the odds are in your favor, I always think of gambling as a 50/50 chance. It is gambling and that's why there isn't any 100% certainty that you will win for sure.
And to use that much money on a single bet is somewhat foolish to me. Low invest for higher profits should be the main motive in gambling, unless you are addicted to it or losing unknowingly.
And one more thing that I have to say, that why put that much on one bet? If it was me, I wouldn't do that. Was it a miscalculation? With odds like 1.008, I think not. Was it unfortunate? Yes, he was just unlucky and anything could happen anytime in life.
This is a great example to learn from.

Fredomago

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Quote from: Wiwo on March 17, 2023, 01:37:20 PM

Quote from: batang_bitcoin on March 17, 2023, 12:19:43 PM

If this gambler is truly rich and this is just like a $100 from his $1k bankroll then he'll remain positive. But for us, even we're just watchers of this story, we truly feel terrible for the lost that he has made. There's a connection for the emotion of the gambler and I'm sure that even if he's wealthy to lose this amount, he'll still feel that he should have done something better with that money. I don't think it's all about the thrill but yeah, there can be ahe point in our lives when we're thrilled to do something and since we're gamblers, we want to do the YOLO mentally and even if we know that it's not gonna be favorable for the result, we still push for it because of the thought that's being built on our minds and asking the question of what if.

No matter what the level of the gambler is, losing a high amount such as 1.4 million dollars is never a small amount and he will definitely feel it no matter what his bankroll is it is better to apply caution even though you rich.

-This case of the gambler is an acute stage of addiction and if care is not taken the gambler is already running into debt judging from his sense of game judgment and howselectst the oddsand mountainnstakese.

If he will continue to lose, then everything that he has will be taken away from him. Gambling addiction can bring him down, as there are many real scenarios that it happened with gamblers who regret their fate after losing everything that they own. We can't conclude if how that person will take his fate, either he uses this strategy again and place much bigger amount of bet to recover (hope for luck) or he will move away and forget about it and move on to his life in a different route.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 27. (Read 8226 times)