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

delfastTions

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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?

Lida93

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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!

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.

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Quote from: Botnake on March 11, 2023, 07:16:07 AM

Quote from: tusandii on March 10, 2023, 10:17:44 PM

1 million USD is a very large amount when used for betting, but with that amount, if you manage to get a win, you can imagine how much profit you can get.
I believe not an ordinary gambler or gambler without experience who dares to take risks by betting such large amounts and make sure he is a gambler with more wealth so that whatever risk he will receive when betting he can accept it even if he has to lose the money.
In gambling and betting, there will definitely always be wins and losses, especially in sports betting, there are bound to be many unreasonable final results or manipulation because in every match, if there is a large amount of betting money in it, it's no wonder that action takes place. the.
So that anyone who bets on a match must always be careful and not make the wrong move in determining what is at stake.

Definitely, a gambler who would bet such a large amount of money is not new to betting, and he can certainly afford to risk that million. The thing is, when you bet on 1.01 odds, that gives you a very high percentage of winning, and you're like the house that has the edge. However, that doesn't mean you have no chance of losing; in this case, the bettor is just unlucky.

Because the smaller the odds you get, the greater the win rate for the team that is at stake, even this opportunity has often provided an advantage for gamblers.
It's just that when betting at low odds we as gamblers must be willing to take risks by placing bets that are large enough so that the profits you get can be commensurate.
But the thing to pay attention to is that in betting there are a lot of things that are impossible to happen because there are definitely a lot of manipulations that will be carried out so that it is not luck that is the root of the problem but those who have more money who can manage the course of a match so that the final result is can be easily manipulated.
I myself don't really pay attention to the odds when I'm betting, but I prefer my beliefs and predictions even though the odds provide a very small chance of winning.

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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

RILWAN

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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.

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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.

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Quote from: BVeyron on March 13, 2023, 11:41:55 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!

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

Sure this is a mistake, the gambling strategy is far risky in this guy. However we dont know the overall money this person has, if it was 90% to 120% of what he or she has, then its really madness, and if its less than 10% of all the gamblers money, then its just normal gambling action...

It depends on the financial condition of the gambler how much he loses. We don't know how much money people have in the gambling world. A gambler will adopt various strategies and try to implement them but the big factor is risk. We often understand the dynamic nature of the match but fail to take risks at the right time. That gambler took the same risk but was unlucky to fail. It is a big amount for us but we don't know about the person who lost. Maybe he can bet often with such amount where he would have won more.

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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?

Sure this is a mistake, the gambling strategy is far risky in this guy. However we dont know the overall money this person has, if it was 90% to 120% of what he or she has, then its really madness, and if its less than 10% of all the gamblers money, then its just normal gambling action...

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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.

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Quote from: lienfaye on March 12, 2023, 04:13:41 AM

Quote from: QueenVera on March 11, 2023, 07:42:03 PM

No matter how justifiable the lost of this player seems to be, I don't think losing such amount of money will go down well and just from what was explained here, it simply shows that the player isn't really a very welthh person and the Money staked was actually from bet winnings and I'm sure the player will be tied up with alot of emotional attachments right now and battling with alot of regrets.
I will be suggest that the gambler be checked out upon to avoid any sucide attempt and I hope the gambler recovers soon from the shock.
I also hwop we all get to learn from these stories and also know that no bet is an easy one and nothing is guaranteed in gambling as anything can happen at anytime.

It's an eye opener that no bet is guaranteed. A lesson for us to not be confident and bet all that we have just because we're positive that we will surely win. Because in gambling anything can happen thus we should be prepared for the worst to happen so it's not hard to accept the fact that we lose. But if you bet huge just like in op's story, it's really hard to overcome such thing happened in your life and can lead to depression and worst taking his life.

So for everyone don't ever gamble the money you can't afford to lose and if you win already, withdraw your earnings and enjoy it. Don't be tempted to gamble again and go all in.

I fully agree with your opinion! Gambling is risky, so we should be careful. Never bet more than we can afford to lose, even while winning big is exciting. It's best to set a budget before playing.

I think this teaches us about expectations and perspective, not just money management. Sometimes we're so sure we'll win that we forget there's a chance we won't. That's devastating. That's why it's crucial to remember that life is full of surprises and to constantly be prepared.

As the saying goes, "hope for the best, but prepare for the worst." And I think that's especially true when it comes to gambling. We should enjoy the experience for what it is, but never forget that there's more to life than just winning or losing.

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Quote from: lienfaye on March 12, 2023, 04:13:41 AM

Quote from: QueenVera on March 11, 2023, 07:42:03 PM

No matter how justifiable the lost of this player seems to be, I don't think losing such amount of money will go down well and just from what was explained here, it simply shows that the player isn't really a very welthh person and the Money staked was actually from bet winnings and I'm sure the player will be tied up with alot of emotional attachments right now and battling with alot of regrets.
I will be suggest that the gambler be checked out upon to avoid any sucide attempt and I hope the gambler recovers soon from the shock.
I also hwop we all get to learn from these stories and also know that no bet is an easy one and nothing is guaranteed in gambling as anything can happen at anytime.

It's an eye opener that no bet is guaranteed. A lesson for us to not be confident and bet all that we have just because we're positive that we will surely win. Because in gambling anything can happen thus we should be prepared for the worst to happen so it's not hard to accept the fact that we lose. But if you bet huge just like in op's story, it's really hard to overcome such thing happened in your life and can lead to depression and worst taking his life.

So for everyone don't ever gamble the money you can't afford to lose and if you win already, withdraw your earnings and enjoy it. Don't be tempted to gamble again and go all in.

Yes this isn't just an eye opener but a major eye opener as not is gauranteed in the gambling industry and I really so feel for the gambler and I could only imagine how much regrets would have been going through his mind and at the first 10 minutes even upto an hour of the lost would still seem like a dream and very unbelievable to him and I hope he finds how to cope with this situation and I hope he recovers soon and on the other hand I also do hope that he's been checked upon regularly to avoid every sucide attempt..
Most times people forget so easily the drills of gambling so as never to run out of your betting capital and the number one principle is never to go all in one bet at a bet and itis better to quiet than to loss all your bets and hence I hope we all learn from this stories.

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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.

klidex

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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.

I completely agree with what you say.
There is no way a rich gambler would want to tell everyone an honest story about whatever he gambled or earned from gambling.
Usually big gamblers who always bet using a lot of money, usually they are really rich and always get big wins before.
For example, the promoter Stake Drake, who often won several times with large bets and occasionally experienced exhaustion like that time with large numbers.
So for me your assumption is very correct.

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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.

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Quote from: capedbaldy on March 12, 2023, 10:21:44 AM

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

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.

The loss was very painful even though some people assumed he was a million or a billionaire, he was not even prepared to risk a loss if he knew his prediction of the betting odds was not correct and he could no longer cancel the bet since the match was in progress. I think we should take a lesson from that case that gambling is very risky for slot or sports betting, so make sure you limit the minimum bet and only gamble for entertainment not for the purpose of earning passive income.

gamblers who go to the casino every day will not think of gambling as entertainment. they come indeed for the daily activities that they have to do. if it's like that, whatever the game, of course, has risks. all we can do is control our emotions for each bet.
many people have too high hopes for victory with very clear bets to win. It is this obsession that becomes gamblers so they forget about risks and bet beyond the limits they might have planned.

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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.

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

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.

The loss was very painful even though some people assumed he was a million or a billionaire, he was not even prepared to risk a loss if he knew his prediction of the betting odds was not correct and he could no longer cancel the bet since the match was in progress. I think we should take a lesson from that case that gambling is very risky for slot or sports betting, so make sure you limit the minimum bet and only gamble for entertainment not for the purpose of earning passive income.

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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.

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.

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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.

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Quote from: tusandii on March 10, 2023, 10:17:44 PM

Quote from: slapper on March 06, 2023, 06:43:46 AM

Boy, what an incredible tale! This really demonstrates how gambling can be a completely unpredictable realm filled with chances and advantages. Who could have predicted that someone would wager 1 million USD on such poor odds and lose? But as they say, you can't always win. And this fellow definitely suffered a massive defeat. Nevertheless, it's not all bad. At least he made an effort, right? Perhaps he'll devise a more effective plan next time, or maybe he'll just play the machines.

1 million USD is a very large amount when used for betting, but with that amount, if you manage to get a win, you can imagine how much profit you can get.
I believe not an ordinary gambler or gambler without experience who dares to take risks by betting such large amounts and make sure he is a gambler with more wealth so that whatever risk he will receive when betting he can accept it even if he has to lose the money.
In gambling and betting, there will definitely always be wins and losses, especially in sports betting, there are bound to be many unreasonable final results or manipulation because in every match, if there is a large amount of betting money in it, it's no wonder that action takes place. the.
So that anyone who bets on a match must always be careful and not make the wrong move in determining what is at stake.

It is an interesting bet. The bet with a very large sum and a very little odd. I think that this gambler decided to make this a bet a way for income. He can bet one or two times a week a get nice profit.
But it is gambling and possible such situation that the OP told us. The only question i have is did the gambler had enough time to get profit enough to lose 1 million USD or not?

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 29. (Read 8226 times)