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

brooksby

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Quote from: Fivestar4everMVP on February 20, 2023, 04:17:13 PM

Quote from: RILWAN on February 19, 2023, 05:59:09 PM

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.
Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.

I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.

stomachgrowls

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Quote from: BobK71 on February 20, 2023, 03:34:44 PM

Quote from: stomachgrowls on February 20, 2023, 03:18:54 PM

Quote from: Desmong on February 20, 2023, 02:50:14 PM

Quote from: ?? on ??

Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

Yes I would agree with you that odds are not a big factor in gambling. If a gambler finds profit , it is certainly worth it. There is nothing to be trifled with. But risk is a big factor there. Those who can take big risks in gambling can also be successful. Many of us are treating this matter positively and negatively which has no basis. Because a gambler is responsible for his own decisions. Maybe someone has lost at small odds for which we are giving a lot of advice but there may be many who have won big at those odds so what should we advise them? So it is better to rely on their own judgment.

The thing that boggles up my mind is on how they do really able to cope up with the risk on using up millions just to earn a few thousands? It isnt really just worth it and this is why i would say that there are people who dont bother up themselves just to make or do those things that they do have in mind. Satisfaction is something that we dont really know into each individual even if it turns out that the decision that they had made is really such dumb.Well, just like i said on which its their money so its their control on how they would be making use of it.It is really just that sad that they do lost up millions on game where
they do believe that it is a sure win.This isnt how simple gambling or betting would be.

Desmong

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Quote from: stomachgrowls on February 20, 2023, 03:18:54 PM

Quote from: Desmong on February 20, 2023, 02:50:14 PM

Quote from: ?? on ??

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

This is why I do tell myself that there is nothing like correct score or sure bet because this is only based on our own analysis or the way we see a particular game and how we felt about it. Gambling is also about risks that is why we need to make sure that we add luck to what we are doing so we won't be having consistent losses Everytime.

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Quote from: RILWAN on February 19, 2023, 05:59:09 PM

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.
Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.

BobK71

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Quote from: stomachgrowls on February 20, 2023, 03:18:54 PM

Quote from: Desmong on February 20, 2023, 02:50:14 PM

Quote from: ?? on ??

Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

Yes I would agree with you that odds are not a big factor in gambling. If a gambler finds profit , it is certainly worth it. There is nothing to be trifled with. But risk is a big factor there. Those who can take big risks in gambling can also be successful. Many of us are treating this matter positively and negatively which has no basis. Because a gambler is responsible for his own decisions. Maybe someone has lost at small odds for which we are giving a lot of advice but there may be many who have won big at those odds so what should we advise them? So it is better to rely on their own judgment.

stomachgrowls

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Quote from: Desmong on February 20, 2023, 02:50:14 PM

Quote from: ?? on ??

Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

Wiwo

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Quote from: kotajikikox on February 17, 2023, 11:21:07 PM

weyhat you read is about Kid losing million in one night but what this topic tackled is 1.4 million in single bet and that is far different to compare mate, I will never let myself doing this even if I become millionaire in future .
I would rather give that amount to the poor and gamble only part of it than losing it to Gambling owner.
if there are other that can update us all what and whom that person doing now after this huge losing .

Hey mate, I shared the kid's story just to illustrate a point and for sure the kid's story is real and in my spare time I will look for the link to prove that point, the kid in question is from a rich home and his father also have a history of huge gambling addictions.
-Even though I can't be that stupid to bet away such a huge amount in one bet, but I am sure we have a lot of folks and kids from rich homes who can throw off such an amount in just one night's seating.

Desmong

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Quote from: ?? on ??

Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

len01

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Quote from: Fivestar4everMVP on February 19, 2023, 05:09:18 PM

if you do sports betting, as well as play casino games, chances are that, in the run, you have a higher chance of making more wins than losses in sports betting, but for casino games, you have a high chance of making more loses than wins.
Like i said on my comment in another thread, playing casino games is always very interesting, but it is always hard to beat the house, it doesnt matter how much you win at the initial stage, or maybe mid-way in your gambling life, the sure thing is that, as long as you keep playing those casino games, you end up losing all your winnings, including more, back to the casino.

wait a moment, there is something wrong in your statement.
you say betting on sports betting and casino games in the long run has a higher chance of winning. where did you find this statement?
what I know is that the longer you stay in all types of bets, the faster your money will be spent and the house will beat you in the long run. So I slightly disagree with your statement.
yes there may be a gambler who gets a big win after staying longer at the bet, but that happens very rarely and more losers.

but back to the initial topic that actually it all comes back to each other's luck. even if you spend 1 million dollars, but if you are not lucky, you will definitely get a loss. and conversely, when betting $0.2 but being lucky it will change to $100 after getting a big win.

kotajikikox

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Quote from: Wiwo on February 18, 2023, 07:54:00 PM

Quote from: kotajikikox on February 17, 2023, 11:21:07 PM

what you read is about Kid losing million in one night but what this topic tackled is 1.4 million in single bet and that is far different to compare mate, I will never let myself doing this even if I become millionaire in future .
I would rather give that amount to the poor and gamble only part of it than losing it to Gambling owner.
if there are other that can update us all on what and whom that person doing now after this huge losing.

I understand the fact that the two scenarios are different, but then we can also relate to both since they're talking about losses in a casino at a go, while the kid's own story may sound different because he spent that huge amount on betting and others activities in the casino.

exactly , both are the same way of losing and also correct that we are all learning how to lose like that if given a chance but lucky that I am not millionaire and will never lose that .

Quote

-On the other hand, the ops mentioned in this thread lost the $1.4 million in one bet which makes it different from the first story but then we are discussing waste or loses on casinos activities just to gain experience from the both cases and how we view loses from our different perspective.

we are all amazed actually of how much a person can lose in single bet but we cannot become this one (ever)

lets admit that it is a point were gambling considered to be addict and stupid.

RILWAN

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The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

EarnOnVictor

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Quote from: babygun on February 19, 2023, 05:12:23 PM

Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

For all the same reasons, a loss of 1.4 million dollar is peanuts for this gambler. Maybe he is an early investor in crypto and made a lot of money with that. We are all responsable for our own betting and even with very low bets you can still feel the excitement!

The identity, status, personality and feelings of the gambler were not reflected in the OP or the link posted, so how did you know the amount is a peanut to him? The $1.4M is not small money, and no matter how much this person is rich, he must have felt it because using the money to do better things that are productive would have been pricking his conscience.

The pain that one loses such huge money to a very low stake that doesn't worth much is another emotional torture.

babygun

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Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

For all the same reasons, a loss of 1.4 million dollar is peanuts for this gambler. Maybe he is an early investor in crypto and made a lot of money with that. We are all responsable for our own betting and even with very low bets you can still feel the excitement!

Fivestar4everMVP

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Quote from: ?? on ??

Quote from: usekevin on February 19, 2023, 04:46:40 PM

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

if you do sports betting, as well as play casino games, chances are that, in the run, you have a higher chance of making more wins than losses in sports betting, but for casino games, you have a high chance of making more loses than wins.
Like i said on my comment in another thread, playing casino games is always very interesting, but it is always hard to beat the house, it doesnt matter how much you win at the initial stage, or maybe mid-way in your gambling life, the sure thing is that, as long as you keep playing those casino games, you end up losing all your winnings, including more, back to the casino.

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The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

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Quote from: Silberman on February 19, 2023, 04:18:56 PM

Quote from: RILWAN on February 16, 2023, 03:12:55 PM

I still do not understand why many members here are complaining about this player loss, this is not different from all of our experiences acumulatively, I have gambled a lot and I have lost severely but that is notwithstanding we move.

Each gambler needs to decide on their own what they want to do, so I do not think we are complaining about the behavior of this gambler, what this exemplifies is that no matter how tempting and how likely a bet may look we must never bet everything we have or even a significant amount of our capital just because we think it is a sure thing, because as it has been demonstrated over and over again on the different disciplines and sports that we watch is that anything can and will happen.

Yes, its our money so its our risk to take.It is really just that there are people who do react that much on how people do make up their bets.Its true that when it comes to gambling then 0% chance of losing is impossible because it cant be called gambling in the first place if it was risk free.There are really just people who could really just afford millions on making up into their bet.It is really just that luck isnt on their side on the time that they had called out because it turns out to be a huge upset.We know that in sports which upsets could really happen and this is why we shouldnt really
that too confident about sure win because anything and anytime could turn tables.

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Quote from: RILWAN on February 16, 2023, 03:12:55 PM

I still do not understand why many members here are complaining about this player loss, this is not different from all of our experiences acumulatively, I have gambled a lot and I have lost severely but that is notwithstanding we move.

Each gambler needs to decide on their own what they want to do, so I do not think we are complaining about the behavior of this gambler, what this exemplifies is that no matter how tempting and how likely a bet may look we must never bet everything we have or even a significant amount of our capital just because we think it is a sure thing, because as it has been demonstrated over and over again on the different disciplines and sports that we watch is that anything can and will happen.

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Quote from: erep on February 16, 2023, 04:48:27 PM

Quote from: QueenVera on February 16, 2023, 03:26:18 PM

I will never experience this incidence and I pray I never do because I see no single reason why someone will have the guts to gamble away such huge sum of money on a single bet, yes I understand that the reward would have been much if the gamble was successful but now it wasn't successful and I'm sure that no matter how wealthy one might be, gambling away such amount of money definitely must have an impact on his account and I feel for him if the money he used wasn't his money because I could only imagine how much pressure would be on him now but I hope he doesn't think of suicide as an option now and I also hope that this serves as a lesson to we other gamblers not to gamble with money we can't afford to lose as nothing is gauranteed in gambling.

Even though other people have assumed he is a billionaire gambler but I'm not sure he is not ready to accept losing that bet, he suffers from losing bets and hopes he doesn't commit suicide because that's the worst impact of losing without any consideration of risk, so never increase the bet of all the funds you have in the gambling account balance, but use only part of it because gambling does not guarantee a win even in sports betting, so don't focus on gambling to increase profits but prioritize gambling for entertainment.

Losing is another thing all together and just as I said that no matter how much money one has, gambling away $1.4m isn't a chise play and you can agree with me that at some points, there might regrets from the gamblers side and I was going through some big casinos and also saw some similar huge losses on stake and I was amazed at the guts people have to gamble such huge amounts on just a single bet at a time.
I'm glad you also got the message that it's not wise for us to use all of our money to gamble no matter how promising a bet might be except you're willing to lose the money just incase a loss comes.
@serjent05, I don't think the money belongs to the player and even if it does, that doesn't warrant him to gamble it away in just one game on a very low odd.
Yes we didn't get the news directly from him but anyone who loses such amount of money should feel the impact before recovering.

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Quote from: capedbaldy on February 18, 2023, 07:02:38 PM

Quote from: AmoreJaz on February 18, 2023, 06:57:14 PM

every person has their own reasons why they do such kind of decision. some people have the luxury to lose multi-million dollar bet in one shot without much worry involved. whereas, most will just prefer to save that money for more important things. if you are in his position, i don't think you will think of charitable acts while you want to bet your much anticipated game. most gamblers don't think of being charitable while playing. let's accept such fact.

we can assume like you said but if we check the details of his goals he gambled millions of dollars considering the high odds for him to win thousands of dollars on a $1.4 million bet, so the gamble is ridiculous for unpredictable sports betting and he should be able to use those funds for gambling the gain is worth more than the big loss.

For sure just like what we are saying he also have that same sentiment that it's an unpredictable outcome even the chance to win is way far from losing the game, it's an impossible outcome if you know the game, it will be far from reality to come back from that certain deficit with the time that will be consume but it happened.

Gambling always have that risk and nothing can be changed, a million dollar bet to in aiming to earn thousand not really a fan of small odd
with a huge amount of risk.

death69

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Quote from: Chikito on February 18, 2023, 11:09:20 PM

Quote from: capedbaldy on February 18, 2023, 07:02:38 PM

we can assume like you said but if we check the details of his goals he gambled millions of dollars considering the high odds for him to win thousands of dollars on a $1.4 million bet, so the gamble is ridiculous for unpredictable sports betting and he should be able to use those funds for gambling the gain is worth more than the big loss.

That's why the gambler must have experience and emotional stability when betting. Nothing to predict what happen in the future. Sometimes he guesses the truth and sometimes is wrong. But if he has both, I believe that case will nothing happen again in the future.

However, on another side, behind the loss, there is an advantage which casino got from the gambler, yes, the casino got a profit. the casino is really like the richest gamblers who haven't emotional control. the casino will invite them to always play until their money runs out.

I must concede that at times my intense feelings guide me more than my expertise. I reminisce a particular occurrence when I was at a gambling establishment and luck was not on my side. I was so irate that I sauntered to the bar and ordered a Shirely Tempel. The bartender inquired, "Are you alrite, sir?" To which I sarcasticaly respondid, "Clearly not, I just forfited all of my funds." Unexpectedly, the bartendar fired back, "Well, at least you can pay for a Shirley Tempel, I cant even pay for the chery on top." We both chuckled uncontrollably, and it struck me that I was taking it tooo seriously. Sometimes, it's best to withdraw, have a chuckle, and return with a calm demeanor. The casino may ultimately triumph, but that's just the nature of the beast. Provided we gamble prudently and with a touch of mirth, we can still bask in the excitement without going overboard (or emptying our wallets).

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 28. (Read 6572 times)