Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 28.

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Quote from: Silberman on March 13, 2023, 01:18:20 PM

Quote from: Fredomago on March 13, 2023, 04:15:42 AM

Indeed, we can only give our opinion, but it's still the gambler who can justify his action, we really don't know what happens after
and we can just assume whether he's rich, and he has the money or he can afford that such amount, he can only answer on his behalf.

All that matter is take this as a good basis when you are trying to place a huge amount thinking that with a high percentage bet you can
make decent money, even a less-chance of losing will hurt you if you mistakenly pick the game to bet on.

It is impossible to know the whole circumstances behind such an event but we can still learn some important lessons out of it, and probably the most important lesson we can learn is related to the risks we take, even if the risk of the bet seemed low it was still a risk so betting so much money was a mistake as the risk of losing was real, so even if we find ourselves in that kind of situation in which we think we have found a bet with a very ow risk we must never bet all our capital in a single event.

Even the previous OP has said, that of the gambler story that the OP told in this thread. there is a lesson for us gamblers, that there is no easy bet, even with lower odds there is always a risk in gambling. but in essence, it all comes back to each of us. because, as we know especially those who like to bet in sports betting. We will always encounter low odds, such as a very strong team fighting a weaker team. in theory, on paper the stronger team will win the battle. Unfortunately, in the world of sports, the outcome of every game cannot be predicted with certainty. which means, a strong team can be beaten by a weaker team. and sometimes, we get caught up in our gambles.

Fortunately, we don't gamble like the gamblers the OP described in this post. but what is certain, in every bet, it doesn't matter if the odds are low or high, everything carries a risk. and therein lies a unique part of the art of betting, regardless of winning or losing.

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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.

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

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 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 point of our lives that 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.

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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.

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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.

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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.

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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.

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Quote from: GxSTxV on March 16, 2023, 05:42:24 PM

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

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

Quote

One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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?

It was a very expensive and painful lesson. Betting 1.4 million dollars in a single bet is a significant amount of money that could make a huge difference in many people's lives. I can only imagine the profits he could have made if he had bet on the other team, considering that the odds for the Jacksonville team were only 1.008. However, sports betting is tricky and unpredictable and it’s also gambling as we know since there is no logic or momentum to who wins or loses. At any given moment even the worst player or team can perform better than the best player or team for various reasons. If you want to have fun gambling, it's better to put in some money without risking too much.
This amount of money is huge for any billionaire in the world, and investing it elsewhere or donating it to charity would be a better option than risking it and losing it all. Well that’s just my opinion and everyone has their way of thinking, but I feel sorry for him it's a tragic situation for this gamber.

Can you believe it? $1.4 million just for fun! Isn't that crazy? Human behavior fascinates. Imagine going all-in and then losing everything. That was an emotional rollercoaster!

Humans are restless, always seeking the next big thing or a home. Sports betting satisfies that demand. Note the catch. You must stay calm or set a negative example. If we follow this gambler's story, we'll have fun.

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Quote from: Lida93 on March 14, 2023, 01:30:29 AM

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

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

Quote

One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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!

A million dollar for a risk which returns doesn't amount to a significant figure based on the odds. The amount expected to be won doesn't worth the amount of risk exerted and maybe the said gambler didn't think this through because he might have felt it was a good odd for easy win since it was a 1.01 odd but the truth is that in gambling there are no easy win, do your analysis well before executing any bet no matter how attractive the odds might seem. Most of these small odds are deceptive odds that gambling platforms are using to manipulate gamblers as they get carried away by the odd size.

I am not sure we would be talking about this situation if the guy had actually won the bet. It must happen from time to time that someone is able to get a significant return on a risky bet, but it seems that the talk is about the poor guy that looses a fortune. I am sure there must be cases in which someone won 1.4M against the odds and do not get a thread here.

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Quote from: ethereumhunter on March 14, 2023, 06:04:38 AM

Quote from: len01 on March 12, 2023, 07:56:24 AM

Quote from: ethereumhunter on March 12, 2023, 01:02:19 AM

They have to change their minds that placing bets can help them win, but if there is no good analysis to find out which team has a better chance of winning than the opposing team, it will be difficult for us to win.

And I agree with only betting the amount we can afford because that is what we should do with all the bets we place. The risk of betting big money is losing all of it quickly, which is not a great way to enjoy gambling. But maybe it's still used for some people who gamble because they hope they can win a lot of money. And that person may be a millionaire willing to lose money at the gambling table.

and what I know is that analysis or prediction only brings us closer to the luck that we will get and that also doesn't necessarily win, sometimes in sports betting there are always unexpected surprises.

regardless of whether he is a millionaire or a billionaire, the most important thing is that maybe he is ready to lose the money he has bet on the sports betting. so that when he loses $1 million he doesn't feel lost. but somehow the feeling of regret must still remain in the man's heart.

And the better our analysis will provide an even greater chance of winning. That's why we have to learn about analyzing a match and we can look for sources that can be trusted to provide more detailed information. We must also estimate the surprise factor that usually exists during that game.

It's better to be prepared to accept defeat so that when we experience defeat, we won't be sad for too long because we realize that gambling will only result in winning or losing. And that loss can happen to every gambler so we don't try to chase victory.

in sports betting matches when the top teams meet the top teams it will be more difficult to predict and certainly requires quite detailed and in-depth research. because if it is wrong in predicting it will obviously make we lose. but usually in top team matches I usually only bet a small amount or don't bet at all. because it's really hard to predict and there will definitely be surprises that will happen.

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.

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

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

Quote

One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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?

It was a very expensive and painful lesson. Betting 1.4 million dollars in a single bet is a significant amount of money that could make a huge difference in many people's lives. I can only imagine the profits he could have made if he had bet on the other team, considering that the odds for the Jacksonville team were only 1.008. However, sports betting is tricky and unpredictable and it’s also gambling as we know since there is no logic or momentum to who wins or loses. At any given moment even the worst player or team can perform better than the best player or team for various reasons. If you want to have fun gambling, it's better to put in some money without risking too much.
This amount of money is huge for any billionaire in the world, and investing it elsewhere or donating it to charity would be a better option than risking it and losing it all. Well that’s just my opinion and everyone has their way of thinking, but I feel sorry for him it's a tragic situation for this gamber.

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Betting at low odds is very risky. Losing 1.4 million USD on a bet at 1.008 odds, that's a really big loss. But I think that the person who bet so much must have participated in gambling with judgment. Reasons 1.4 million USD is no small matter. That person dared to bet such a huge sum because of his gambling experience. People like us who exist but cannot participate in gambling with such a huge amount of money. Despite our experience here we would consider it risky to participate.

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

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

But a gambler must remember that gambling is not an easy matter. Earning money from here is the hardest to do. However, the gambler should consider the amount of the bet keeping in mind that the risk is higher at lower odds before participating in gambling. And this gambling can never be turned into addiction.

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Quote from: noormcs5 on March 16, 2023, 02:25:02 PM

No matter how much money you have, it is not the right decision to bet 1.4M on a bet with odds of 1.01. When you play a bet or do any financial business, you need to see the risk and reward ratio and do not enter in bets where the risk is too high and the reward is too low.

Some people may argue that how the risk is high when the odds are 1.01. This means that 99% chances are that you will win the bet. But then think it in another way around. You are risking 1.4M to get the reward of 0.01. Since, future is not certain and if the result went against you as it happened with the OP, then you will lose this big amount. It is way too risky and scary for me to lose a million dollar in order to earn a few hundred dollars.

Haven't read through most of the comments on this thread and also read the thread itself and after careful analysis of the facts presented, I think the gambler who uses the 1.4 million dollars to bet an odds of 1.01 is under the influence of something higher than his consciousness.

-Or maybe he made a lifetime mistake and did not know when he placed such bad bets, so many factors could have contributed to this outcome but I am sure the gambler is not in his right senses.

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Quote from: Silberman on March 16, 2023, 02:09:03 PM

Quote from: slapper on March 14, 2023, 08:21:45 AM

I am inundated with doubt. Is it possible that someone would knowingly bet on something so outrageous and then proceed to lose such a humongous amount of cash? It sounds ludicrous to the point of being incredulous! Nonetheless, one can never disregard the bizarre nature of the world we live in.

The inquiry you have made is of interest to me. Why would the OP initiate such a topic? Is it a clandestine plot to promote gambling, or simply an opportunity to regale us with their own experiences? Yes, we will never know! But one thing is for sure, perusing narratives about crazy financial losses always prompts me to re-evaluate my own fiscal choices. The notion that I might hit it big like the lucky winner of this preposterous wager is preposterous itself, of course!

Without a doubt this is the kind of thing that sounds ridiculous to us as we would never make such a bet and experiment such loss, but just because we are incapable of doing something, this does not necessarily mean that it is impossible, there are many people out there with more money than common sense which are not afraid to make such high bets as losing that money means nothing to them, and there are also people out there with no control over their gambling whatsoever that can also make those bets despite the huge risks they know they are taking.

No matter how much money you have, it is not the right decision to bet 1.4M on a bet with odds of 1.01. When you play a bet or do any financial business, you need to see the risk and reward ratio and do not enter in bets where the risk is too high and the reward is too low.

Some people may argue that how the risk is high when the odds are 1.01. This means that 99% chances are that you will win the bet. But then think it in another way around. You are risking 1.4M to get the reward of 0.01. Since, future is not certain and if the result went against you as it happened with the OP, then you will lose this big amount. It is way too risky and scary for me to lose a million dollar in order to earn few hundred dollars.

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Quote from: slapper on March 14, 2023, 08:21:45 AM

I am inundated with doubt. Is it possible that someone would knowingly bet on something so outrageous and then proceed to lose such a humongous amount of cash? It sounds ludicrous to the point of being incredulous! Nonetheless, one can never disregard the bizarre nature of the world we live in.

The inquiry you have made is of interest to me. Why would the OP initiate such a topic? Is it a clandestine plot to promote gambling, or simply an opportunity to regale us with their own experiences? Yes, we will never know! But one thing is for sure, perusing narratives about crazy financial losses always prompts me to re-evaluate my own fiscal choices. The notion that I might hit it big like the lucky winner of this preposterous wager is preposterous itself, of course!

Without a doubt this is the kind of thing that sounds ridiculous to us as we would never make such a bet and experiment such loss, but just because we are incapable of doing something, this does not necessarily mean that it is impossible, there are many people out there with more money than common sense which are not afraid to make such high bets as losing that money means nothing to them, and there are also people out there with no control over their gambling whatsoever that can also make those bets despite the huge risks they know they are taking.

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Quote from: Silberman on March 13, 2023, 01:18:20 PM

Quote from: Fredomago on March 13, 2023, 04:15:42 AM

Quote from: redsun114 on March 12, 2023, 11:44:33 AM

Quote from: Fredomago on March 12, 2023, 08:34:27 AM

We can't remove that fact that even he got a lot of money there's still some regret for him, thinking that it will be an easy win since the lead before he take the bet is something that not easy to break, but shit happens and the expected win turned out to be a loss for the person who bet on it, a huge amount of money that for us simple bettors will can't imagine how someone who can take that huge risk and willing to lose that big amount for a single bet pick.

Well, none of us really know if what he lost in that bet was only a portion of his capital or if it was the total of it. He could have been trying to get some money with a big bet and very small losing odds, or he might have been on a losing streak and that was the last bet of that streak that he lost when chasing his losses.

But the reality is, that we don't really know. All we know is that it is a big amount to lose, and even if he is very rich, which I really doubt seeing he chose a 1.01x multiplier, it still isn't something to lose and stay calm and easy.

Indeed, we can only give our opinion, but it's still the gambler who can justify his action, we really don't know what happens after
and we can just assume whether he's rich, and he has the money or he can afford that such amount, he can only answer on his behalf.

All that matter is take this as a good basis when you are trying to place a huge amount thinking that with a high percentage bet you can
make decent money, even a less-chance of losing will hurt you if you mistakenly pick the game to bet on.

It is impossible to know the whole circumstances behind such an event but we can still learn some important lessons out of it, and probably the most important lesson we can learn is related to the risks we take, even if the risk of the bet seemed low it was still a risk so betting so much money was a mistake as the risk of losing was real, so even if we find ourselves in that kind of situation in which we think we have found a bet with a very ow risk we must never bet all our capital in a single event.

I agree the learning is more important a good basis that even how high the chances of winning upset can always take place.
It's important to manage your bankroll and, like you mentioned, we can't tell the circumstances of whether the gambler who loses such an amount is really capable of letting it go and move forward.

Or, it's become a big mistake and a forever regret in his gambling participation. We never know but we need to learn from that experienced.

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Quote from: Haunebu on March 12, 2023, 10:36:22 AM

Quote from: mak013 on March 12, 2023, 05:17:10 AM

The only question i have is did the gambler had enough time to get profit enough to lose 1 million USD or not?

Do you really think that he would be willing to disclose whether he is in profit/loss after taking such a humungous hit? No one would unless they are dumb as hell. Personally, I feel that he is a whale who probably is still in profit overall.

I think there is no chance that @OP can disclose the person who lost that $1.4m since it is from the news and @OP has no way of contacting nor the player willing to disclose his statistics. Let us just be contented and think that the person who wagers $1.4m losses such an amount because of too much confidence disregarding variables and luck that affect the result of the game.

Quote from: Haunebu on March 12, 2023, 10:36:22 AM

He probably bet such huge amounts in the past and won more often than not. This is just my random assumption.

It is possible that it is his way of profit, by live betting on the winning side. But well, yeah we can assume, I think there is no wrong on that.

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Quote from: delfastTions on March 14, 2023, 01:34:31 AM

Quote from: Newlifebtc on March 13, 2023, 04:46:28 PM

Quote from: RILWAN on March 13, 2023, 04:40:07 PM

The fact is that, we are in a fallacy world and at that, we must nkt take every story of news seriously and all that we need from them is to get the informations that will help us make better decision in in our future endeavors because betting such a huge amou t is out of naormal reasoning.

When you define fallacy you are talking of information that is untrue or information that is not all the orderly arrangement so base on that I think that you are perfectly right for the information so therefore I believe that this is one of the things that affect jampolis or gambling so when someone knows the truth of gambling it is when it will be in a beneficiary to eat o

It is quite obvious that we here in this topic do not have a complete picture of the actions of such a player. Moreover, we do not know for sure whether such a bet was made at all and whether such a colossal loss actually took place.
And now I immediately have a question - why did OP open such a topic. Is this discussion of this insane loss just a covert advertisement for gambling itself here in our forum? Agree, after all, everyone who reads the posts in this topic somehow “turns on” to play, because, supposedly, someone is losing insane amounts of money.
What if I get lucky, like the one who won from such a bet?

I am inundated with doubt. Is it possible that someone would knowingly bet on something so outrageous and then proceed to lose such a humongous amount of cash? It sounds ludicrous to the point of being incredulous! Nonetheless, one can never disregard the bizarre nature of the world we live in.

The inquiry you have made is of interest to me. Why would the OP initiate such a topic? Is it a clandestine plot to promote gambling, or simply an opportunity to regale us with their own experiences? Yes, we will never know! But one thing is for sure, perusing narratives about crazy financial losses always prompts me to re-evaluate my own fiscal choices. The notion that I might hit it big like the lucky winner of this preposterous wager is preposterous itself, of course!

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Quote from: len01 on March 12, 2023, 07:56:24 AM

Quote from: ethereumhunter on March 12, 2023, 01:02:19 AM

They have to change their minds that placing bets can help them win, but if there is no good analysis to find out which team has a better chance of winning than the opposing team, it will be difficult for us to win.

And I agree with only betting the amount we can afford because that is what we should do with all the bets we place. The risk of betting big money is losing all of it quickly, which is not a great way to enjoy gambling. But maybe it's still used for some people who gamble because they hope they can win a lot of money. And that person may be a millionaire willing to lose money at the gambling table.

and what I know is that analysis or prediction only brings us closer to the luck that we will get and that also doesn't necessarily win, sometimes in sports betting there are always unexpected surprises.

regardless of whether he is a millionaire or a billionaire, the most important thing is that maybe he is ready to lose the money he has bet on the sports betting. so that when he loses $1 million he doesn't feel lost. but somehow the feeling of regret must still remain in the man's heart.

And the better our analysis will provide an even greater chance of winning. That's why we have to learn about analyzing a match and we can look for sources that can be trusted to provide more detailed information. We must also estimate the surprise factor that usually exists during that game.

It's better to be prepared to accept defeat so that when we experience defeat, we won't be sad for too long because we realize that gambling will only result in winning or losing. And that loss can happen to every gambler so we don't try to chase victory.

Quote from: Hamphser on March 12, 2023, 06:49:02 PM

Quote from: ethereumhunter on March 12, 2023, 01:02:19 AM

Quote from: Hamphser on March 11, 2023, 06:53:00 PM

This is where some bettors do really think off about on having that sure win bet which we know that as long there's a chance of losing no matter how small it would be or how less the risks it would be but still there's a chance for it to be hit up.This is why its never been that recommendable on having that all-in type of bet which it would really bring up a disaster if ever the bet do lost.
1.01 or less doesnt guaranteed out on sure win.This is why you should only bet on the amount you can afford to lose.Dont really take the risks on having huge bet unless if it was really that intended for that particular game and you are accepting that you could potentially lost that game. We are talking millions here which is something that most people cant afford on losing.

They have to change their minds that placing bets can help them win, but if there is no good analysis to find out which team has a better chance of winning than the opposing team, it will be difficult for us to win.

And I agree with only betting the amount we can afford because that is what we should do with all the bets we place. The risk of betting big money is losing all of it quickly, which is not a great way to enjoy gambling. But maybe it's still used for some people who gamble because they hope they can win a lot of money. And that person may be a millionaire willing to lose money at the gambling table.

This is why self research and analysis would really be that relevant whenever you do make out bets because this would really be that important.The thing on where most bettors do is that they do stick on which

one is the favorite and forgetting on what are those reconsiderations when choosing up a team/fighter/player.If you do make out huge bets without thinking up about the risks probabilities then you would definitely finding yourself on a great disaster.This is why you should always be mindful on how you do make out bets and the amount you are really that able to afford to lose.
1.01 doesnt assure everything because even on the slimmest chance, you could really lost up big time.

We get the probability of risk from the results of the analysis that we have done so we know what percentage of the chances are for each team to win so we know which one we can choose. Learning more analysis can help us find other useful clues in making decisions and realize that what we want may not necessarily come true so we can be prepared to accept the consequences. There is no need to place big bets, especially if we feel confident about the analysis we are doing, because a surprise factor might come in the middle of a match and it can turn things around.

mak013

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Quote from: Haunebu on March 12, 2023, 10:36:22 AM

Quote from: mak013 on March 12, 2023, 05:17:10 AM

The only question i have is did the gambler had enough time to get profit enough to lose 1 million USD or not?

Do you really think that he would be willing to disclose whether he is in profit/loss after taking such a humungous hit? No one would unless they are dumb as hell. Personally, I feel that he is a whale who probably is still in profit overall.

He probably bet such huge amounts in the past and won more often than not. This is just my random assumption.

Of course no one wants to tell us such information but it doesn`t mean that it is not interesting.
I can agree that this gambler is a whale because not lots of gamblers ready to make such a bet. And it doesn`t depend on previous bets.
If he made such bets before, he need more than 100 such bets to compensate the losses. And the problem that it can be difficult even for a whale to make 5 such bets one time.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 28. (Read 8226 times)