Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 33. (Read 8226 times)

It is recently when people understands that gambling is all about riskand the risks of gambling is something that is not measurable so you can use all what you have in gambling and it turns out positive for you it is your luck I know when it is turns negative for you it is also your love that is why in gambling nobody advise anyone to use each project money for gambling because ea.com fair that he may lose your moneys 

There is a certain group of people out there, an absolutely tiny group, that would consider this to be "fun money" and not think twice about losing it - even if they were only going to gain a little return. If this gambler was part of that group then you don't need to feel bad that they lost, they were trying to play with the casino and probably would have earned more from certain VIP rewards programs than the potential outcome of the bet. Then there are people who have more money than sense, but not enough of it to sustain them in the long run - maybe they inherited it or didn't have to put the work in before spending it, that's a more likely crowd who probably felt great regret after losing this life changing sum.

I experienced a loss last weekend after I won a good amount from sports betting and I try to wager more, it was then I ran out of luck and all the teams I picked for a straight wing lost all their matches.

-gambling is a combination of risk and luck,  once a gambler has the high appetite to take a risk and he has luck on his side,  the outcome could be massive, but sometimes gamblers also lose huge money and that happens regularly and we have to get used to that experience.

Gambling is all about risk so if we know how to take good risk that will yield a good output then whatsoever the strategy we used will worth it. Losing to the house is a painful experience especially when you have all your hope on the game or bet before losing it. The most painful part is when we are having a consistent loses over the time of our betting.

Biggest risks people can take wrongly perhaps are the most familiar.  Such as the old car trip to the airport paradox where people are fine with the risk of possibly colliding with a ton of metal travelling down the road opposite & a foot away at 60mph but think the airplane as an event is more to be feared; in fact the risk probability is the other way round greatly.

Preparation is very important in risk taking because there are numbers of factors that need to be considered when taking the risk, those factors are very essential to our overall well being when the outcome of the risk arrive in fact there is no need to risk anything if you are not sure what the outcome may be and if you are prepared enough to face the outcome.
The thing about risk is that it can be beneficial and at the same time very drastic if not properly calculated and in football betting we must be smart enough to make every step based on calculation and factual analysis.

Everything has its own risk. Even the decision we make in our daily lives has its risks. We might benefit from it and we might not. It might bring something good or make a situation worse. A single decision can make a huge impact, so it's better to always evaluate our decisions before putting them into actions. Gambling is one of those many things that possess a great risk. If you don't want to lose, then better to not try gambling. One must know the pros and cons of gambling. One day, you might win; the next day, you might lose it all. If you are not prepared and brave enough to experience series of failures and downfalls, then do not in any way engage in betting or playing gambling games for your own sake.

The moment you start gambling, you should be prepared of the consequences. You must only bet what you can afford to lose, otherwise, you'll regret big time later on. It's wise to set up a budget allocation before gambling to not overspend. Additionally, one must not be confident so much to the point you'll bet an amount you can't really afford to let go in a snap. There's no guaranteed win despite having a reliable team or player to bet on. Hence, betting in moderation and responsibly should be done. Avoid the hype and thrill as much as possible because you might not notice everything you've won might be gone at once.

Look, I aint no expert on sports bettin, but I know enough to tel ya that it's a risky busness, especially when you're betting on the little guys or long shots. Don't get me wrong, it's cool to dream big and all, but you gotta remember to keep it real and only bet what you can afford to lose. And let's not forget about the thrill of the game, it's easy to get carried away and forget about the risks involved. I mean, can you even imagine losing $1.4 milion?! That's some serious dough! So, my advice to you is to stay balanced and not let your emotions get in the way of makin smart decisions. It's always better to be prepared and not take unnecessary risks, amirite?

That's right. If they kept at it, they would be broke quickly. Precisely rich people should be able to use their wealth to get even more wealth and will not play gambling too often or spend money on something that is not necessary. But in reality, many rich people like to waste their money to fulfill their desires, even to play gambling without clear limits. And it's only a matter of time before they see they will run out of money.

You are right though, its a thing that is normal in every business , not just for gambling, bad news are more hyped and shared than good news, but then, I still think big winnings as this can be hyped too, then thing is that, those who win an amount as much as this would not want any body or many people to know about it, of course for security reasons.

Loses will never deter new gamblers from gambling, gambling is not like some sort of crypto trading where one could assume that such a loss could install fear in the minds of those who are just learning to trade, gambling, most especially sports betting, is purely based on ones knowledge of sports and some level of luck, there is almost nothing to learn in sports betting as it is very possible for someone to start betting today and make good winnings, something that is almost not possible in trading.

It will be better you properly quote the comment you are replying to, so that your readers could contribute since this is a discussion thread and any comments that is not mentioning the most words in the thread such as clubs and their current standing in fhe premiere league, such comments can be seen as spam so take note.

It's a very big lose I know but that's exactly what makes you a Gambler, funny enough we don't get enough gist as regards the wins made, we're only put into light when there's a loss and a heavy one as this.

I just hope upcoming gamblers don't lose hope cause of this though.

Getting your point, yup there are rich people who failed to control and that cause them to lose everything. Gambling addiction is a serious problem once you already engaged too much, with how that gambler takes that big risk even he's wealthy if he continues losing such amount, then sooner or later he will find himself broke.

I'm just following your logic, but we really don't know what the person's capability is and how he will manage to move on about these huge losses.

Some rich people have the mistaken notion that since they have a lot of money they do not need to be as careful as the rest of us, and this could not be further from the truth, they need to be very careful because they have a lot to lose and they could easily lose their rich status if they are not careful, so if this person keeps making these kind of mistakes at some point he will find himself not being rich anymore, assuming this is not the case already.

remembering every gambler's statement about using money that can afford to lose it becomes possible for the man to be willing to lose a lot of money only on sports betting where the odds are only small.
but anyway $1.4 million is too big a sum to afford to lose and I am pretty sure that the man even though he is very rich, he will definitely be very sorry and unable to sleep in a few days.

but back again to the risks that he had to accept when he believed too much in small opportunities that seemed to win but did not realize that in sports betting anything could happen and there would always be many surprises that would occur such as comeback attacks

Its just a small time money to those gamlers who spend that much amount of money but still its a huge to us some of the people wanted to make a risk with those lower odds because they want to keep having a winning even though the odds is just small not quite greedy with that because its always happen even though its just a small amount of percentage but still if you have a huge amount to bet profit is profit at the end of the day but if the game is lower odds and both risky because the both players are strong I will not risk my money with that action.

At least rich people like him can be a little wiser by not playing gambling using too much money. But unfortunately, everything has happened and he can only bemoan his fate that he has lost a lot of money. This was a very valuable lesson for him. Even though he is a rich man, it still costs him and if he does not have a large source of income, he will need time to recover his losses from other sources of income. I guess he just wanted to win a lot, so he took that high risk and now, it's all gone. Let's hope he doesn't gamble with a lot of money again.

For sure, he is a rich person since there are only two of them. It is a rich person and an addicted person, so probably I will stick with the rich one as he bets on it easily, and I think it is pretty normal for him to bet those amounts. Normal people can't bet that much. I myself think that's huge and hard to earn by working. Even when I was just starting out in gambling, I thought this was the best strategy to avoid losses, but it was the opposite; you'd lose big.

My dear, there is no justification for this kind of unwise approach to gambling, this guy is unwise in it, he's never professional or managerial in such gambling. He was overconfident with it which is a folly act, and mind you, if he continues foolishly like this, he will never going to recover what he lost as you might believe. Recovering losses with the approach of such low odds will take too much time which might take even longer since he can't be winning all his bets until the amount is recovered.

Also, he might be rich as you claim, but not wise, and he should have given the charity the money if he needed something to waste.

I think those who take part in this kind of betting are definitely not newbies who will lose a large sum of money by suddenly entering into gambling. Of course the person who lost this money is not a new gambler. Moreover, he has adequate financial support where he is in a position to recover even if he loses. It's a kind of gambling strategy where he lost but that doesn't mean he did anything wrong. Luck didn't favor him so he had to lose. If history could be observed, his victory would be seen in that particular betting.