Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 29.

lienfaye

hero member

Activity: 2912

Merit: 629

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

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.

Indeed. When a gambler lose, the casino win, and often, that's the case because of the house edge. So when you play and you can't handle the possibility that you might lose your money (since it's likely to happen) then don't try to gamble at all. Because it can affect you in every aspect negatively once you're not able to compose yourself once you lose.

Well, the profit is indeed attractive because we can win huge with low bet like in lottery or slots. But it's solely depending on luck hence expect the unexpected. Riskier if the situation is you bet million to earn thousand dollars (like the gambler in this topic), such a waste.

Chikito

legendary

Activity: 2366

Merit: 2054

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.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

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.
-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.

capedbaldy

sr. member

Activity: 831

Merit: 286

Binance #Smart World Global Token

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.

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: ethereumhunter on February 18, 2023, 03:28:19 AM

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 what and whom that person doing now after this huge losing .

It would not be worth our effort to get that much money if only for gambling and I agreed to give that amount to the poor because the money would be more valuable for them to survive. That is why we must limit the money in gambling so that we do not lose more money. Thus, we can still gamble in moderation and have money for other things more important than just gambling. The person may go through a deep depression because they have lost so much money that we can't imagine it.

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.

slapper

legendary

Activity: 1904

Merit: 1096

Leading Crypto Sports Betting & Casino Platform

Quote from: rahmad2nd on February 17, 2023, 06:17:21 PM

Quote from: khaled0111 on February 17, 2023, 03:58:39 PM

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talked to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

Yes that's true, and we all totally agree with what you're saying. that $1.4 million, is a lot of money. even if converted to my local currency, that kind of money can buy quite a luxury property. but in fact, the man is risking money with a very fantastic value, even though the odds provided by the dealer are very low.

I doubt, if the man does not know the risks if what happens does not match his expectations. I'm pretty sure, that this guy often bets fantastic amounts. the reason is, he doesn't hesitate to bet $ 1.4 million at odds @ 1.01. hypothetically, only the financially wealthy would be happy to risk it. for us, that would be absolutely impossible.

But if we refer to the available odds reference, in theory, on paper this man should have a very high probability of winning from his bet. Unfortunately, in sports, anything can happen as long as the game is still going on and the fact is the guy lost. regardless of sad or not, the fact is we can't know for sure because after all we don't know the man's background.

Whilst I do indeed concur with your sentiments, it must be underscored that the colossal sum of $1.4 million should not be dismissed lightly as it represents a significant gamble. Nevertheless, it appears that this gentleman is a connoisseur of the gambling industry and thus, is courage to wagering exorbitant sums of money. One is left to ponder if he has achieved similar conquests in the past or is merely accustomed to the exhilaration of the prospect of jeopardizing such a prodigious amount. Irrespective, the odds may have been favorable, however, in sports, the vagaries of fate can quickly upend predictions. Such ventures are replete with uncertainty and even the most seasoned gamblers can be felled by a single misfortune. That being said, if one possesses the resources to spare, why not embark upon such a risk? That being stated, one cannot help but speculate upon this gentleman's reaction upon losing the bet. I mean, let us be frank here, $1.4 million down the drain?! That would undoubtedly prove to be an exceedingly bitter pill to swallow!

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

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 what and whom that person doing now after this huge losing .

It would not be worth our effort to get that much money if only for gambling and I agreed to give that amount to the poor because the money would be more valuable for them to survive. That is why we must limit the money in gambling so that we do not lose more money. Thus, we can still gamble in moderation and have money for other things more important than just gambling. The person may go through a deep depression because they have lost so much money that we can't imagine it.

kotajikikox

full member

Activity: 2366

Merit: 207

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wiwo on February 17, 2023, 06:03:41 PM

Quote from: ?? on ??

Quote from: khaled0111 on February 17, 2023, 03:58:39 PM

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talk to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such a huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

Yeah, no one is stupid to bet that much and expect a loss, rich gamblers may don't care for $100k bets but 14x of this base amount should hurt them and it must have some consequences, IMHO. Especially choosing low multi and betting high may destroy yearly profit on rare matches so better stop adding low odd games on coupons let alone gambling $1.4mln on 1.01x odd.

You make a point there $1.4 millions lose is a huge amount to be lost in a bet and even rich gamblers will feel the impact of that amount on their balance sheet.
-We have seen how some rich guys gamble with huge amounts without minding the what others think or feel about the amount.
-I read some time ago how a rich kid gambled away an amount close to 30k+ million in a night out, and this incident raised a lot of discussions everywhere on the internet.

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 what and whom that person doing now after this huge losing .

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: Wiwo on February 17, 2023, 06:03:41 PM

Quote from: ?? on ??

Yeah, no one is stupid to bet that much and expect a loss, rich gamblers may don't care for $100k bets but 14x of this base amount should hurt them and it must have some consequences, IMHO. Especially choosing low multi and betting high may destroy yearly profit on rare matches so better stop adding low odd games on coupons let alone gambling $1.4mln on 1.01x odd.

You make a point there $1.4 millions lose is a huge amount to be lost in a bet and even rich gamblers will feel the impact of that amount on their balance sheet.
-We have seen how some rich guys gamble with huge amounts without minding the what others think or feel about the amount.
-I read some time ago how a rich kid gambled away an amount close to 30k+ million in a night out, and this incident raised a lot of discussions everywhere on the internet.

Do you have an article about this? I made a quick search and could not find more about this, as losing 30 million in a single night is unacceptable, even if the parents of the kid were billionaires that is an amount of money they cannot make back in a single day, so even their parents must have felt that loss.

In any case we must learn from these cases and remember that even if gambling is a very entertaining and interesting hobby, some limits must be set or our losses could grow to an unacceptable level.

rahmad2nd

legendary

Activity: 2520

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

Quote from: khaled0111 on February 17, 2023, 03:58:39 PM

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talked to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

Yes that's true, and we all totally agree with what you're saying. that $1.4 million, is a lot of money. even if converted to my local currency, that kind of money can buy quite a luxury property. but in fact, the man is risking money with a very fantastic value, even though the odds provided by the dealer are very low.

I doubt, if the man does not know the risks if what happens does not match his expectations. I'm pretty sure, that this guy often bets fantastic amounts. the reason is, he doesn't hesitate to bet $ 1.4 million at odds @ 1.01. hypothetically, only the financially wealthy would be happy to risk it. for us, that would be absolutely impossible.

But if we refer to the available odds reference, in theory, on paper this man should have a very high probability of winning from his bet. Unfortunately, in sports, anything can happen as long as the game is still going on and the fact is the guy lost. regardless of sad or not, the fact is we can't know for sure because after all we don't know the man's background.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: khaled0111 on February 17, 2023, 03:58:39 PM

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talk to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such a huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

Yeah, no one is stupid to bet that much and expect a loss, rich gamblers may don't care for $100k bets but 14x of this base amount should hurt them and it must have some consequences, IMHO. Especially choosing low multi and betting high may destroy yearly profit on rare matches so better stop adding low odd games on coupons let alone gambling $1.4mln on 1.01x odd.

You make a point there $1.4 millions lose is a huge amount to be lost in a bet and even rich gamblers will feel the impact of that amount on their balance sheet.
-We have seen how some rich guys gamble with huge amounts without minding the what others think or feel about the amount.
-I read some time ago how a rich kid gambled away an amount close to 30k+ million in a night out, and this incident raised a lot of discussions everywhere on the internet.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: ?? on ??

Quote from: khaled0111 on February 17, 2023, 03:58:39 PM

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talked to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

Yeah no one is stupid to bet that much and expect loss, rich gamblers may don't care for $100k bets but 14x of this base amount should hurt them and it must have some consequences, IMHO. Especially choosing low multi and betting high may destroy yearly profit on rare matches so better stop adding low odd games on coupons let alone gambling $1.4mln on 1.01x odd.

Well, it their money then its their rules on how they would really be making use of it because not all would really be that sensible in towards their actions and its really that too dumb for someone to make out this kind of bet with having that very low odds or something not really that worth but since there are ones who could afford on doing so then let them be.It is really just that people would really be that amazed on how these fellas do able to afford on having this kind of huge bet.It is really just sad that on a 1.01 bet or odds did really make out some disastrous outcome which it isnt really that surprising considering that we are really that
indeed dealing with gambling world and this is how it works and possibly could happen.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

Quote from: decodx on February 17, 2023, 02:30:06 PM

Quote from: coinerer on February 17, 2023, 01:20:56 PM

Quote from: JooBra on February 16, 2023, 03:12:54 AM

No he was playing small odds like 1.1 for over a couple of months until he got to 3000$ in total. Maybe I explained it bad sorry.

To win $3000 at 1.1 odds, he needs to bet a minimum of $2727. It is never possible to get $3000 by betting 1.1 odds through $500. You seem to have misunderstood or seen something wrong. 1.1 odd means 1.1x means you will get 1.1x return of the dollar bet if you win that bet and gambling sites will also deduct some maintenance charges from here. So how does he get $500 to $3000 with 1.1 odds lol

It's quite simple: by placing 50 bets of $500 at 1.1 odds he will win $2,500, assuming all the bets are successful. Now, the above scenario is an oversimplification, but it illustrates how a gambler can make $3000 from an initial $500.

Basically, I think you just didn't understand what JooBra was trying to say.

Indeed what Joobra stated is easily understood, since he said he was playing for over a couple of months thus, the player bet $500 several times on a 1.1 odds and accumulated $3000 winnings. Surely coinerer failed to see and understand what JooBra is trying to convey.

Quote from: khaled0111 on February 17, 2023, 03:58:39 PM

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talked to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

For sure the person is contemplating on how he lost that huge amount. It maybe a small amount for the person who wager it but still million is million and not many people have it in their hands. This story simly tells us that there is no sure win in gambling.

khaled0111

legendary

Activity: 2520

Merit: 2853

Top Crypto Casino

Quote from: serjent05 on February 16, 2023, 05:19:53 PM

.. I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.
...
The moment he bet on that money, I think he is ready to accept that he can lose it. How sure are you that he is not ready? Did you talked to the guy?

$1.4m is a lot of money even for a multi-millionaire and no one will take losing such huge amount of money lightly.
If he was indeed OK with the idea of losing it then am sure he would have bet on another game with higher odds.
Choosing a game with 1.01 odds is a sign he was looking for what he expected to be a sure win. Sadly for him, things didn't go as he was expecting.

decodx

hero member

Activity: 1428

Merit: 931

🇺🇦 Glory to Ukraine!

Quote from: coinerer on February 17, 2023, 01:20:56 PM

Quote from: JooBra on February 16, 2023, 03:12:54 AM

No he was playing small odds like 1.1 for over a couple of months until he got to 3000$ in total. Maybe I explained it bad sorry.

To win $3000 at 1.1 odds, he needs to bet a minimum of $2727. It is never possible to get $3000 by betting 1.1 odds through $500. You seem to have misunderstood or seen something wrong. 1.1 odd means 1.1x means you will get 1.1x return of the dollar bet if you win that bet and gambling sites will also deduct some maintenance charges from here. So how does he get $500 to $3000 with 1.1 odds lol

It's quite simple: by placing 50 bets of $500 at 1.1 odds he will win $2,500, assuming all the bets are successful. Now, the above scenario is an oversimplification, but it illustrates how a gambler can make $3000 from an initial $500.

Basically, I think you just didn't understand what JooBra was trying to say.

ShowOff

legendary

Activity: 2618

Merit: 1181

No one can completely avoid the risk of losing from any kind of gambling, including sports betting. I am a football fan and probably have spent a lot of time watching and enjoying it in different leagues. But about betting, it's clear to me that there is a risk that I should really consider even though the favorite seems to win the game more often.

The favorites can also lose at any time and we shouldn't be too sure and greedy in what we do. Especially in sports matches, the favorite number of the team can win luckily even quite rarely. But for the case above, I think the gambler only has to be responsible for the loss and the decision. I tended to make the same mistake in the past, it made me lose a lot of my previous wins because of just one defeat.

Shamm

sr. member

Activity: 1064

Merit: 343

Hhampuz is the best manager

Quote from: BobK71 on February 17, 2023, 01:25:56 PM

There are advantages and disadvantages to this type of betting. The advantage is that a larger amount of bet is almost guaranteed to win at these betting odds that means high possibility to gain and the disadvantage is that if you lose even one, you will lose a lot of money. But generally a gambler should not place large bets on such odds. However, these terms depend on the personal financial situation of the gambler. Moreover, we have to take risks. But if you take a risk with good betting odds, there will be higher amount of profit.

Yes you are correct that mate and also it is too risky if we but our very best bet for for the game cause there are only 50% win and loss so if your money will loss then thats a big loss for a gambler but if win then a lot of money will came. We nee to know that in the world of gambling it is very good idea to gambler if they gamble using thier exist money cause if not then it's a big problem if they will loss in the game.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: noormcs5 on February 17, 2023, 12:33:55 PM

Quote from: Fredomago on February 17, 2023, 12:25:54 PM

Quote from: AbuBhakar on February 17, 2023, 09:43:07 AM

Quote from: Shamm on February 17, 2023, 08:31:23 AM

So it's better to have our own understanding about that specific game so that we can put our bet in very safe and prevent losing streak. But if we already knew That specific game it will lead us to a good bettors but we all know that every put our bet it will depends on our luck it because through our luck we will win. And also we all know that if we need to get higher profit then we will bet a big amount and take the risk for aiming the win.

I believe the user who made this kind of bet knew exactly what he is betting. Actually the bet type that choose is almost sure ball because there’s only few time left in the clock to made a 3 more successful goal. A 3 goal in soccer on the second half is very hard to do since both team is already exhausted while the goal keeper energy level is still the same since he is not running all the time.

Bad luck just him hard at that bet and that’s part of gambling since it’s not gambling if there’s no risk involved no matter how thorough you analyze a specific sports.

Indeed, right, almost a sure bet that's the reason why the odd is really small since the percentage of winning is almost a sure deal, but things happen like and no one can control the situation, if you'll going to look on it and you will assess that type of game where the time is really controlled by the team who have a good lead.

But, the outcome favors the underdog and if there's someone who is really a risk taker who bet for that underdog are surely enjoying the multipliers of his bet.

Gambling is itself risky and if you need to make a bet, then you should bet on odds which may gain you some money. Betting on odds with 1.01 is too much risky because when you will win you will get very small amount (depending upon you bet amount) but if you lose you will lose all your risked capital on that bet.

That is why we saw that the gambler mentioned in OP got over confident with 1.01 bet and unfortunately lost it all.

There are advantages and disadvantages to this type of betting. The advantage is that a larger amount of bet is almost guaranteed to win at these betting odds that means high possibility to gain and the disadvantage is that if you lose even one, you will lose a lot of money. But generally a gambler should not place large bets on such odds. However, these terms depend on the personal financial situation of the gambler. Moreover, we have to take risks. But if you take a risk with good betting odds, there will be higher amount of profit.

coinerer

hero member

Activity: 1316

Merit: 593

Quote from: JooBra on February 16, 2023, 03:12:54 AM

Quote from: coinerer on February 15, 2023, 11:56:29 AM

Quote from: JooBra on February 15, 2023, 11:49:19 AM

Quote from: coinerer on February 15, 2023, 11:44:27 AM

Quote from: Shamm on February 15, 2023, 11:29:11 AM

Quote from: arwin100 on February 15, 2023, 06:23:00 AM

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily. And for low odds they have to bet a higher amount to get a better amount of profit. So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000. But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.

A $500 to $3000 return means 6.00 Odd can never be a safe bet. That team was so weak that they scored a goal and offered 6 odd after 87 minutes of play. Because they had no confidence that they would win the match. So they offered high odds even at the last minute of the game. And it was a great trap for many to make big losses. And your friend fell victim to it too

No he was playing small odds like 1.1 for over a couple of months until he got to 3000$ in total. Maybe I explained it bad sorry.

To win $3000 at 1.1 odds, he needs to bet a minimum of $2727. It is never possible to get $3000 by betting 1.1 odds through $500. You seem to have misunderstood or seen something wrong. 1.1 odd means 1.1x means you will get 1.1x return of the dollar bet if you win that bet and gambling sites will also deduct some maintenance charges from here. So how does he get $500 to $3000 with 1.1 odds lol

noormcs5

hero member

Activity: 2632

Merit: 613

Leading Crypto Sports Betting & Casino Platform

Quote from: Fredomago on February 17, 2023, 12:25:54 PM

Quote from: AbuBhakar on February 17, 2023, 09:43:07 AM

Quote from: Shamm on February 17, 2023, 08:31:23 AM

So it's better to have our own understanding about that specific game so that we can put our bet in very safe and prevent losing streak. But if we already knew That specific game it will lead us to a good bettors but we all know that every put our bet it will depends on our luck it because through our luck we will win. And also we all know that if we need to get higher profit then we will bet a big amount and take the risk for aiming the win.

I believe the user who made this kind of bet knew exactly what he is betting. Actually the bet type that choose is almost sure ball because there’s only few time left in the clock to made a 3 more successful goal. A 3 goal in soccer on the second half is very hard to do since both team is already exhausted while the goal keeper energy level is still the same since he is not running all the time.

Bad luck just him hard at that bet and that’s part of gambling since it’s not gambling if there’s no risk involved no matter how thorough you analyze a specific sports.

Indeed, right, almost a sure bet that's the reason why the odd is really small since the percentage of winning is almost a sure deal, but things happen like and no one can control the situation, if you'll going to look on it and you will assess that type of game where the time is really controlled by the team who have a good lead.

But, the outcome favors the underdog and if there's someone who is really a risk taker who bet for that underdog are surely enjoying the multipliers of his bet.

Gambling is itself risky and if you need to make a bet, then you should bet on odds which may gain you some money. Betting on odds with 1.01 is too much risky because when you will win you will get very small amount (depending upon you bet amount) but if you lose you will lose all your risked capital on that bet.

That is why we saw that the gambler mentioned in OP got over confident with 1.01 bet and unfortunately lost it all.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 29. (Read 6572 times)