Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 31. (Read 8226 times)

Quote from: 2double0 on March 02, 2023, 03:15:50 PM

Quote from: Odusko on March 06, 2023, 02:17:15 PM

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

I disagree that he's greedy because he is betting on a small odd, but so much agree that he's stupid for doing that. Big money should be well managed in gambling, it's so foolish to bet a whole $1.4M on a single game where no one would certainly know the outcome.

On second thought, we can't blame the guy totally because we don't know under the influence at which he did it. He might be distracted by ladies and gamblers in the house. Don't you think of that possibility?..lol

Yeah! There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M.

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event. Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued. We do not know many details of this event in order to somehow objectively assess such an event.
And who and how much received from such a deal.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: gabbie2010 on March 06, 2023, 02:01:22 PM

Quote from: Hamphser on March 01, 2023, 03:52:55 PM

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

No matter how sure the odds are we shouldn't risk such a huge amount on the bet, but come to think of it from the gambler's point of view, he may have thought that he will be so lucky to win such an incredible and ridiculous bet judging from the odds.
My thought on the gambler's behaviour is that the player show early sign of addiction, and if that the case then he need to stay off gambling for a while because 1.4 million can change a life in most places around the world.

If you do have the money then thinking about risks is really that much of a serious thing because you would really be thinking that you do still have money incase you do lost a certain bet.If a certain better do able to bet that big then its safe to presume that he do have lots of money to spare on playing even more unless if he did make some all in kind of betting which goes all in then it would really be that an another story.
When it comes to gambling then no matter how small the chance of losing but still there's odds that you could lose all of those money that you had put up.Always having that consideration when it
comes to risks taking because there would be no assurance on winning that in a sure way.

rahmad2nd

legendary

Activity: 2548

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

Quote from: rahmad2nd on March 01, 2023, 02:27:37 PM

~snip~

Its never been small for most of us but we know that there are people who could really that afford on spending up that huge money on gambling or make out some bets and this is why we would really that get
shocked if ever we do see numbers like this which had been bet out and ending up on losing.Yes, it is really that regretful thing for us who do able to read it up, how much more into that person who
had made out such bet? This is why we should really put up into your minds that when it comes to gambling then no matter how slim the chance of losing but still it could really happen in a snap.
Just like been said by others that we do know that there's always an upset that could happen which means we could really lose up anytime.

Therefore, a gambler must be very aware of what he is betting on. because in gambling there are only two choices, win or lose. it doesn't matter how much money is at stake, how big the probability of victory we have, whether it's odds, or anything related to betting. but one thing every gambler needs to remember, that a superior team will not always win every battle.

In a game, anything can happen. it doesn't matter how good the stats a team has. nor how great the players a team has. the point is when the fight takes place, then gradually we will know the result. so in conclusion, gamblers must know that what we are betting on has the potential to lose. without exception, the gambler who is the theme of our discussion in this thread.

Odusko

hero member

Activity: 1106

Merit: 526

Leading Crypto Sports Betting & Casino Platform

Quote from: gabbie2010 on March 06, 2023, 02:01:22 PM

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

No matter how sure the odds are we shouldn't risk such a huge amount on the bet, but come to think of it from the gambler's point of view, he may have thought that he will be so lucky to win such an incredible and ridiculous bet judging from the odds.
My thought on the gambler's behaviour is that the player show early sign of addiction, and if that the case then he need to stay off gambling for a while because 1.4 million can change a life in most places around the world.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: EarnOnVictor on March 06, 2023, 05:46:43 AM

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: 2double0 on March 02, 2023, 03:15:50 PM

Quote from: Silberman on March 05, 2023, 02:20:50 PM

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

I disagree that he's greedy because he is betting on a small odd, but so much agree that he's stupid for doing that. Big money should be well managed in gambling, it's so foolish to bet a whole $1.4M on a single game where no one would certainly know the outcome.

On second thought, we can't blame the guy totally because we don't know under the influence at which he did it. He might be distracted by ladies and gamblers in the house. Don't you think of that possibility?..lol

now that's what I mean, betting using large amounts on sports bets which are full of surprises even though the small odds look like they win but sometimes they are deceiving.
as we can see what is currently popular in the MU vs Liverpool football match which is clearly superior to MU and it turns out that Liverpool won and scored more goals.

a surprise like this often happens in sports betting at least we can learn the man's defeat for not betting large amounts in sports betting.

I'm sure he's undeterred, he's just greedy to take the win at 1.01 odds and hoping to get a few hundred dollars on the bet.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: GigaBit on March 06, 2023, 01:18:51 AM

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

actually this is not a matter of believing in certain odds, but as a gambler you should have full responsibility for the bet. I mean gamblers should always think of a budget with not too much amount to gamble. because no matter how good the odds are, we must remember that gambling is a place to have fun. so to have fun, you don't need to risk large amounts of money and just use small amounts of money that can make us enjoy each of our bets.

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Having said that if a person develops some sort of issues with the control they have over their gambling then this can become a lot more difficult, just as someone addicted to drugs needs to increase the doses they put into their body in order to have the same effect, the addicted gambler needs to increase the amount of money they gamble in order to experiment the same kind of adrenaline rush they enjoy, but as we can see such a thing can have awful results when luck is not on their side.

The end results of addiction mostly turned to negative outcome and just like how you explain the part of gambling addiction they needed to keep adding more money to fill the lust inside them, the adrenaline and all those additional factors to satisfied the needs of continuing, the gambling lust inside them will push them to keep adding more money and trying to win more.

The result most of the time is not favoring them, and worse, they will suffer to lose everything.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: bitterguy28 on March 06, 2023, 12:24:57 AM

~snip~

A gambler uses various strategies to win in gambling. In this case, he is not only successful in his strategy, he may also have a big loss. But it is important to consider how reasonable that strategy is. In gambling, normally gambler will be responsible for his own actions. We see a great loss 1 million USD at odds of 1.01 bets. Many of us here consider his decision negatively. But if that gambler had won the bet then we would have discussed about him positively. When the odds are low, the chances of winning are high. May be he used this strategy. A gambler must manage his betting with a good understanding of his financial management.

What a strange story! This exemplifies the unexpectedness and randomness inherent in games. Who would have believed someone would risk a million dollars on such slim odds only to come up empty? It's true that sometimes you lose, though. And he lost by a substantial margin. Not everything is negative, though. He made an effort, at least. Next time, he may try to think of a better strategy, or he could just play the slots.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: 2double0 on March 02, 2023, 03:15:50 PM

Quote from: bitterguy28 on March 06, 2023, 12:24:57 AM

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

I disagree that he's greedy because he is betting on a small odd, but so much agree that he's stupid for doing that. Big money should be well managed in gambling, it's so foolish to bet a whole $1.4M on a single game where no one would certainly know the outcome.

On second thought, we can't blame the guy totally because we don't know under the influence at which he did it. He might be distracted by ladies and gamblers in the house. Don't you think of that possibility?..lol

GigaBit

hero member

Activity: 1764

Merit: 514

Leading Crypto Sports Betting & Casino Platform

Quote from: 2double0 on March 02, 2023, 03:15:50 PM

Quote from: klidex on March 05, 2023, 10:07:20 PM

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

your money ? your responsibility mate that's it.

so the person who made this bet is responsible for that money and whatever the outcome surely he knew what's next .

he may lose this time but what we knew about the past or the future? he might be a winner of more than a million before this bet or after right?

this is gambling and we must be ready to what will happens next.

A gambler uses various strategies to win in gambling. In this case, he is not only successful in his strategy, he may also have a big loss. But it is important to consider how reasonable that strategy is. In gambling, normally gambler will be responsible for his own actions. We see a great loss 1 million USD at odds of 1.01 bets. Many of us here consider his decision negatively. But if that gambler had won the bet then we would have discussed about him positively. When the odds are low, the chances of winning are high. May be he used this strategy. A gambler must manage his betting with a good understanding of his financial management.

Cuenta Alternativa

member

Activity: 182

Merit: 80

Don Pedro Dinero alt account

Maybe for now you are not yet a gambling addict and can still exercise self-control and have certain betting limits.
But I'm not sure you can be like this forever because in gambling everyone who starts can become a crazy gambler where he will no longer think about risks that have no limits and will never be able to exercise self-control.
Just look at some time in the future, you will do all of that in pursuit of a victory, even worse, maybe you will spend big money on each bet.
I can say this because that's what actually happens to gamblers out there.

Your generalisation does not hold water. Some people who gamble responsibly, due to life circumstances, may have problems with gambling in the future, but from there to that being what happens 'to gamblers out there', in general, there is a long way to go. Far from it happening to the majority of gamblers.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: 2double0 on March 02, 2023, 03:15:50 PM

Quote from: erep on March 05, 2023, 04:30:31 PM

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

your money ? your responsibility mate that's it.

so the person who made this bet is responsible for that money and whatever the outcome surely he knew what's next .

he may lose this time but what we knew about the past or the future? he might be a winner of more than a million before this bet or after right?

this is gambling and we must be ready to what will happens next.

klidex

hero member

Activity: 1498

Merit: 504

We call gambling as entertainment because we are not addicted and must have emotional control in gambling, there are many factors gamblers have lost their money because they are greedy and see gambling as a machine to multiply money, they ignore the risks but do not realize that only luck can win the game, not your odds predict because it is proven that OP has lost $1.4m balance from predicting high odds of winning.

Maybe for now you are not yet a gambling addict and can still exercise self-control and have certain betting limits.
But I'm not sure you can be like this forever because in gambling everyone who starts can become a crazy gambler where he will no longer think about risks that have no limits and will never be able to exercise self-control.
Just look at some time in the future, you will do all of that in pursuit of a victory, even worse, maybe you will spend big money on each bet.
I can say this because that's what actually happens to gamblers out there.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: 2double0 on March 02, 2023, 03:15:50 PM

Quote from: rodskee on March 04, 2023, 01:27:53 AM

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

erep

hero member

Activity: 2282

Merit: 589

Those people who mostly call gambling as source of entertainment are not true gambler instead those are occasionally playing, because if you cann yourself as gambler then you fully understand that this is not a place where to jusy bey and have fun instead this is a place where you bet and may lose or win and sometimes his has been used for living of other people.

We call gambling as entertainment because we are not addicted and must have emotional control in gambling, there are many factors gamblers have lost their money because they are greedy and see gambling as a machine to multiply money, they ignore the risks but do not realize that only luck can win the game, not your odds predict because it is proven that OP has lost $1.4m balance from predicting high odds of winning.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: BobK71 on March 04, 2023, 01:05:22 AM

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

actually this is not a matter of believing in certain odds, but as a gambler you should have full responsibility for the bet. I mean gamblers should always think of a budget with not too much amount to gamble. because no matter how good the odds are, we must remember that gambling is a place to have fun. so to have fun, you don't need to risk large amounts of money and just use small amounts of money that can make us enjoy each of our bets.

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Having said that if a person develops some sort of issues with the control they have over their gambling then this can become a lot more difficult, just as someone addicted to drugs needs to increase the doses they put into their body in order to have the same effect, the addicted gambler needs to increase the amount of money they gamble in order to experiment the same kind of adrenaline rush they enjoy, but as we can see such a thing can have awful results when luck is not on their side.

rodskee

full member

Activity: 2576

Merit: 205

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

actually this is not a matter of believing in certain odds, but as a gambler you should have full responsibility for the bet. I mean gamblers should always think of a budget with not too much amount to gamble. because no matter how good the odds are, we must remember that gambling is a place to have fun. so to have fun, you don't need to risk large amounts of money and just use small amounts of money that can make us enjoy each of our bets.

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

We often say that gambling can only be used as a tool for entertainment. But is it easy to remember in favor of a gambler? Since addiction is very close to gambling. Even if the gambler is entertained, it can be addicted at any time, but the things here have to be remembered. That is, if a gambler has a source of income, then it will not have much effect on it. However, for those whose financial condition is not good, some rules must be kept in mind properly. According to their money, the amount of each bet should be determined and the limit should be kept in the bet.

Those people who mostly call gambling as source of entertainment are not true gambler instead those are occasionally playing, because if you cann yourself as gambler then you fully understand that this is not a place where to jusy bey and have fun instead this is a place where you bet and may lose or win and sometimes his has been used for living of other people.

BobK71

hero member

Activity: 2128

Merit: 658

Leading Crypto Sports Betting & Casino Platform