Whenever I remember about OP experience with the casino he used in gambling that amount, i will always say that they were being very lucky as well to have someone playing stake to that extent, the casino will always make out their own incentive base on the amount used in gambling either the gambler is winning or not, another thing is that any amount you would like to gamble with, the casinos were always ok with it.
Casinos know how they make there money that is why they are not always bothered about the limit is tempo you are using to make bet. They make money whether you are making winnings or losing. We might not understand or know much about how this is done but all I know is that casinos can not run into loses like that. That is there business and they know how to make revenue from us whether the keep giving or bonus or not, they are always the house edge and there is nothing we can do about that. We ought to gamble and make money but along the line we might end up to be the victim losing huge amount of money. 
Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 35. (Read 8226 times)
February 21, 2023, 05:08:56 PM
February 21, 2023, 04:56:35 PM
Whenever I remember about OP experience with the casino he used in gambling that amount, i will always say that they were being very lucky as well to have someone playing stake to that extent, the casino will always make out their own incentive base on the amount used in gambling either the gambler is winning or not, another thing is that any amount you would like to gamble with, the casinos were always ok with it.
February 21, 2023, 04:45:16 PM
I didn't consider about this at first sight with news. But its very likely to happen. Rich guys may have bet on each other having balls doing this for sure. I also feel like noone would do this with proper mind. I don't think drugs involved. I think alcohol was surely involved. Gamblers should never gamble when they are drunk. Its possibly the fastest way to lose all money you got. Gambling absurd amount of money would strike you back with headache next day for sure.
So the question is, how can we conclude that gamblers are involved with alcohol. this assumption is too exaggerated, because after all we never know for sure, and that's a fact. everything is based on assumptions, even speculation. it's clear however, that in the link the OP shared. the guy really put his money on the line with $1.4 million, the guy chose the favorite team, placed his bet, but unfortunately, the non-favorite team made an epic comeback and won the game. and it's a true fact from the link the OP shared.
So in essence, it's not a matter of the man's regrets or all the speculations that we say in this discussion. but more to the message that the OP conveyed, that even though we have a very high probability of winning, there is always a risk of losing. and that is a fact.
This would be the primary result or outcome into those people who are really that confident about their bets. 1% chance of winning could really fucked you up hard and this is the thing you should
bare up into your mind but for sure this would really be that a costly lesson learning.
February 21, 2023, 04:09:12 PM
I didn't consider about this at first sight with news. But its very likely to happen. Rich guys may have bet on each other having balls doing this for sure. I also feel like noone would do this with proper mind. I don't think drugs involved. I think alcohol was surely involved. Gamblers should never gamble when they are drunk. Its possibly the fastest way to lose all money you got. Gambling absurd amount of money would strike you back with headache next day for sure.
So the question is, how can we conclude that gamblers are involved with alcohol. this assumption is too exaggerated, because after all we never know for sure, and that's a fact. everything is based on assumptions, even speculation. it's clear however, that in the link the OP shared. the guy really put his money on the line with $1.4 million, the guy chose the favorite team, placed his bet, but unfortunately, the non-favorite team made an epic comeback and won the game. and it's a true fact from the link the OP shared.
So in essence, it's not a matter of the man's regrets or all the speculations that we say in this discussion. but more to the message that the OP conveyed, that even though we have a very high probability of winning, there is always a risk of losing. and that is a fact.
February 21, 2023, 03:53:44 PM
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
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?
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?
It's definitely a good lesson and should be a constant reminder that even "safe" bets can fail. I'm guessing that someone who can place down such a huge bet so flippantly is not necessarily bothered by losing and probably don't care for any sympathy around here. To me it symbolizes I'd much rather win many small bets with some slightly higher odds and accumulate money over time that way, than try to take a small profit but risk a lot of money. I bet the casino have showered this player with gifts before and after this, but never will it make up for the huge sum that they lost. These kind of high roller prolific gamblers can often get more favorable odds than most of us, another advantage they get over the low rollers.
February 21, 2023, 02:45:36 PM
I never imagined gambling using a lot of money like him because the risk I would receive would also be big. Indeed, when we win the game, our profits will be greater because we use large capital. But on the other hand, our defeat will also be great and maybe many of us will not be able to accept it. And since that person has lost so much money, we hope he doesn't get frustrated and choose a shortcut to end his life. Maybe he can overcome his grief after losing a lot of money or he may still have a lot of other money.
This is right. The higher the amount you bet, the higher the risk. But the higher the rewards as well if you get lucky. Although you really have to put in your mind to just bet moderately because nothing is ever certain. Despite having a high odds, it isn't guaranteed that you will win so you still have to be cautious in placing a bet. Making haste decisions will certainly cost you so much later on. If you won't be able to control yourself and limit your expenditures in gambling, there's a chance you'll lose an amount you can afford to let go, which could make you regret big time later on.
Grieving from losses is a process not everyone has the same pacing, so one must really take his time to recover fully before playing and betting again. Having a stable emotions and healthy mental headspace will let you think properly and decide properly. If this will be skipped, there would be a high chance that you will incur more and more losses soon after.
That last part of your statement is what bringing gambler to become addicted, if you can't control your emotions the possibilities that you might lead your way to mismanage your finances, keep on losing will push you to keep adding money to your bankroll, chances that you will keep trying to recover all those funds that you lose.
Limitations that can equipt you with good control, it's not a guarantee that if you pick high percentage bets means that it will result to a win, just like how it happened with this gambler, it's a million dollar amount that he stake and lose everything.
February 21, 2023, 12:09:47 PM
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
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?
There is actually no easy bet not anywhere and I do feel sorry for the bettor and I hope the money gambled belongs to him alone because it is not advisable to use money you can't afford to lose to gamble and this incidence is a typical example of such incidence and I also do hope that other gamblers learn from this incidence.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?
I also do agree with the OP that no bet is an easy one and nothing is guaranteed in gambling and just as we can see here that even with very small odd one can still loss massively.
February 21, 2023, 10:30:41 AM
I never imagined gambling using a lot of money like him because the risk I would receive would also be big. Indeed, when we win the game, our profits will be greater because we use large capital. But on the other hand, our defeat will also be great and maybe many of us will not be able to accept it. And since that person has lost so much money, we hope he doesn't get frustrated and choose a shortcut to end his life. Maybe he can overcome his grief after losing a lot of money or he may still have a lot of other money.
This is right. The higher the amount you bet, the higher the risk. But the higher the rewards as well if you get lucky. Although you really have to put in your mind to just bet moderately because nothing is ever certain. Despite having a high odds, it isn't guaranteed that you will win so you still have to be cautious in placing a bet. Making haste decisions will certainly cost you so much later on. If you won't be able to control yourself and limit your expenditures in gambling, there's a chance you'll lose an amount you can afford to let go, which could make you regret big time later on.
Grieving from losses is a process not everyone has the same pacing, so one must really take his time to recover fully before playing and betting again. Having a stable emotions and healthy mental headspace will let you think properly and decide properly. If this will be skipped, there would be a high chance that you will incur more and more losses soon after.
hero member
Activity: 2912
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Leading Crypto Sports Betting & Casino Platform
February 21, 2023, 08:37:21 AM
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.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 .
also I know that there are several good samaritan that gambles but they will only donate once they win huge amount and not the time before they put the bets.
sorry but this is the reality and not a word to say to save our good thoughts
February 21, 2023, 06:34:08 AM
It is good that this thread still goes on.Every time I lose a bet with a really low odd,the minimum odd I put in place is 1.20 and that is coming from a double chance game or from Over 1.5 goals which are my favorite bets to double my money through sport betting.However as all sport bettors I have suffered heavy losses along the way and any time I hit a lost ticket because I use parlays from a single game I come over to this thread and tell myself,this guy lost at an odd 1.01 so there is nothing to worry,this is gambling and I got a motivation boost to continue going chasing doubling of my money consistently.
February 21, 2023, 06:04:42 AM
The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.
I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.
I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.
Yes, of course, gambling while intoxicated or, for example, under psychostimulants, or under light drugs is a sure and 100% way to lose all your money that you can afford to lose in gambling. And it often turns out that even more money to lose than was set aside for the game. And it will happen much faster than if you were playing while sober. Of course, you should never play in this state because you lose control of the risks and begin to misjudgment everything. For the same reason, drunk driving accidents are more common and their consequences are usually more severe than other traffic accidents.
As for the preliminary conspiracy of two players to simulate a major loss of one of them in favor of the other, it is certainly quite possible to create the image of reckless and insane players and promote their personas on the Internet and other media. It may well be.
And we were just thrown misinformation about the loss of such a lot of money by some rich jerk.
February 21, 2023, 03:44:10 AM
The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.
I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.
I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.
February 21, 2023, 02:31:03 AM
~snip~
I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.
One wonders what drives such a person. Did they have too much money to spend or were they playing a game? Maybe they wanted to win big! It's logical that such a massive stake fascinates others.
Billionaires have human feelings and desires. Losing 1.4 million dollars affects Elon Musk. I hope the individual who placed the bet could do so without any negative consequences and sleep well, knowing they took a risk few others would. But who in their right mind would risk such an amount on an unlikely event?
February 20, 2023, 09:28:02 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.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 .
also I know that there are several good samaritan that gambles but they will only donate once they win huge amount and not the time before they put the bets.
sorry but this is the reality and not a word to say to save our good thoughts
February 20, 2023, 04:47:34 PM
The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.
I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.
I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.
February 20, 2023, 03:36:35 PM
The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.
It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet. 1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.
they do believe that it is a sure win.This isnt how simple gambling or betting would be.
February 20, 2023, 03:29:57 PM
It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.
Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers 1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.
legendary
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February 20, 2023, 03:17:13 PM
The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.
I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.
February 20, 2023, 02:34:44 PM
The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.
It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet. 1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.
February 20, 2023, 02:18:54 PM
The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.
It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet. 1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.
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