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Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 38. (Read 8226 times)

sr. member
Activity: 2296
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What a story! But I would love it if you can clarify better. What I could infer from your story is that your friend started with a safe bet but ended aggressively, am I correct? Because we can't call it a safe bet anymore when the gambler resolved to bet all his money in just a live game, am I also correct?

No game is certain except that some are worth trusting, but when it has become live, I see nothing safe in that. Perhaps, people often mistake the term "safe bet."
There is no need for him to clarify because you already got it right. In gambling, there is no really safe bet here because all games has a risk even if we are playing at a low odd (high win chance game) but some bettors only use the term safe bet because they are betting smaller amounts.

What happened to @JooBra 's friend is too common. We always start small and if we see that our bankroll is rising, that is the time that our temperature rises as well and we start increasing our bets. I can even blame the casino for this before. I thought the admin is tracking my account and when I start to bet high, they made me lose intentionally xd.
hero member
Activity: 1260
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I will never experience this incidence and I pray I never do because I see no single reason why someone will have the guts to gamble away  such huge sum of money on  a single bet, yes I understand that the reward would have been much if the gamble was successful but now it wasn't successful and I'm sure that no matter how wealthy one might be, gambling away such amount of money definitely must have an impact on his account and I feel for him if the money he used wasn't his money because I could only imagine how much pressure would be on him now but I hope he doesn't think of suicide as an option now and I also hope that this serves as a lesson to we other gamblers not to gamble with money we can't afford to lose as nothing is gauranteed in gambling.
That is for you mate, but don't forget we have high wagerer who has rolled over ×2 of that amount and have won a lot more.
-It's hard to know the right state of things with the gamblers since he is not the one sharing this story, so there isn't many details to work with and we can know how much his total winning has been previously or after the loss.
-if you have been following records of winnings and losing on big casinos like a stake, there you will discover that we have a track record of such huge amounts of losses and at the same time winner, just like trading we must have top losers and top gainers at the same time.
-But it is best you apply everything according to your own capacity so I can understand your point.
legendary
Activity: 3052
Merit: 1281
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I will never experience this incidence and I pray I never do because I see no single reason why someone will have the guts to gamble away  such huge sum of money on  a single bet, yes I understand that the reward would have been much if the gamble was successful but now it wasn't successful and I'm sure that no matter how wealthy one might be, gambling away such amount of money definitely must have an impact on his account and I feel for him if the money he used wasn't his money because I could only imagine how much pressure would be on him now but I hope he doesn't think of suicide as an option now and I also hope that this serves as a lesson to we other gamblers not to gamble with money we can't afford to lose as nothing is gauranteed in gambling.

Well, you will never experience if you don't bet like what the person stated in the article did.  Sometimes people tend to think that they are sure about the result when they saw a team is leading by a distance, so they bet all in but the sad thing is, the result of any match is still unknown until the game end.

I do think that the amount of money lost is the bettor's own money, else he can't utilize it and bet the amount easily.  I also think that the person is a multi-millionaire since he has the capacity to wager $1.4m without hesitation.

I will never experience this incidence and I pray I never do because I see no single reason why someone will have the guts to gamble away  such huge sum of money on  a single bet, yes I understand that the reward would have been much if the gamble was successful but now it wasn't successful and I'm sure that no matter how wealthy one might be, gambling away such amount of money definitely must have an impact on his account and I feel for him if the money he used wasn't his money because I could only imagine how much pressure would be on him now but I hope he doesn't think of suicide as an option now and I also hope that this serves as a lesson to we other gamblers not to gamble with money we can't afford to lose as nothing is gauranteed in gambling.
Even though other people have assumed he is a billionaire gambler but I'm not sure he is not ready to accept losing that bet, he suffers from losing bets and hopes he doesn't commit suicide because that's the worst impact of losing without any consideration of risk, so never increase the bet of all the funds you have in the gambling account balance, but use only part of it because gambling does not guarantee a win even in sports betting, so don't focus on gambling to increase profits but prioritize gambling for entertainment.

The moment he bet on that money, I think he is ready to accept that he can lose it.  How sure are you that he is not ready?  Did you talked to the guy?
hero member
Activity: 2282
Merit: 589
I will never experience this incidence and I pray I never do because I see no single reason why someone will have the guts to gamble away  such huge sum of money on  a single bet, yes I understand that the reward would have been much if the gamble was successful but now it wasn't successful and I'm sure that no matter how wealthy one might be, gambling away such amount of money definitely must have an impact on his account and I feel for him if the money he used wasn't his money because I could only imagine how much pressure would be on him now but I hope he doesn't think of suicide as an option now and I also hope that this serves as a lesson to we other gamblers not to gamble with money we can't afford to lose as nothing is gauranteed in gambling.
Even though other people have assumed he is a billionaire gambler but I'm not sure he is not ready to accept losing that bet, he suffers from losing bets and hopes he doesn't commit suicide because that's the worst impact of losing without any consideration of risk, so never increase the bet of all the funds you have in the gambling account balance, but use only part of it because gambling does not guarantee a win even in sports betting, so don't focus on gambling to increase profits but prioritize gambling for entertainment.
hero member
Activity: 1106
Merit: 570
I will never experience this incidence and I pray I never do because I see no single reason why someone will have the guts to gamble away  such huge sum of money on  a single bet, yes I understand that the reward would have been much if the gamble was successful but now it wasn't successful and I'm sure that no matter how wealthy one might be, gambling away such amount of money definitely must have an impact on his account and I feel for him if the money he used wasn't his money because I could only imagine how much pressure would be on him now but I hope he doesn't think of suicide as an option now and I also hope that this serves as a lesson to we other gamblers not to gamble with money we can't afford to lose as nothing is gauranteed in gambling.
member
Activity: 742
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I still do not understand why many members here are complaining about this player loss, this is not different from all of our experiences acumulatively, I have gambled a lot and I have lost severely but that is notwithstanding we move.
legendary
Activity: 2716
Merit: 1383
This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.
Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.

He can afford to gamble with this amount of money which means he was a millionaire. Having millions of dollars and using them in the most risky places without any risk management is not a good decision. He had to pay a huge price to understand that there is never 100% sure in betting. So it was a great lesson for him to learn by losing millions of dollars. And his experience will make other gamblers more interested in risk management.
That would be the best possible scenario, but there is always the possibility that instead they had problems with their gambling and they thought such bet was impossible to lose only to learn the hard way this was not the case, and while this is a valuable lesson, is it not something most of us should already know from our experience with the real world? After all no one succeeds at everything all the time and losing that much money to learn this kind of lesson is a price too high to pay, even if that gambler could afford it.
hero member
Activity: 1484
Merit: 597
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Well he stared with 500$ and he kept going all in with his bets. He is Real M fan so he played on them with all money. He didn't split bets. If he won 1.1 with 500$ thats 550$ and next bet he put 550$ and so on. The game he lost was RealM vs Valencia or Villareal(cant remember exactly), the score was 1-0 until the 87min when he placed the bet to be 0-3 goals. The odd was low maybe 1.1 or lower. And he lost the bet at the end. 

I don’t understand exactly how the odds is so low if he is predicting a 3-0 score while the live score is 1-0 on 87 minutes mark? The odds should be high if he is predicting an outcome that needs 2 more goal to fulfill for a short period of time. I believe he is betting below 3 total score if I’m not mistaken because that’s the only way for a bookmaker to provide a low odds for that game condition.

Anyway it sucks but it’s really possible since Mbappe manage to tie a 2-0 score on world cup against Argentina which is very hard to do.
hero member
Activity: 1498
Merit: 504
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Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.
Only certain people can do budget calculations for gambling, not only rich gamblers, but even small gamblers who only have limited money will never be able to calculate their budget if they are really crazy about gambling and think gambling is everything for them.
In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.
Yes, that's natural but before they decide, they should look at their own capabilities and still not take big risks because we won't know what will happen. Maybe we can win but vice versa.

So if we can resist the temptation to get big wins, we can also prevent big losses when gambling. Yes, some people have a lot of money and can play gambling with big bets and accept the risk of losing all their money. And maybe they realize that using big money doesn't guarantee they can get big wins either.
I'm sure they already know and are aware of their own abilities so they have the courage to take the step of making a bet with a large amount and a large risk.
In fact, I have the thought that they dare to make this bet because it is certain that in each bet they use large amounts of money and do it often so that if they lose one bet they can get back the previous win.


Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.
I reckon every gambler, whether they're rich or not, has had the same experience. It's not really being crazy about gambling imo, it's just the thrill sometimes gets into our heads. There are instances after all where our bankroll is pretty big, maybe due to depositing too much with the intent of playing for long, or just because you left a pretty big amount from your past session.
It seems like making a deposit with a large amount is not to make a bet for a long time but really want a big win with a fairly large number of bets too


In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.
I honestly don't think people think about what they're going to lose when they start gambling. Maybe beforehand, when they're setting how much they deposit (since it's already lost in their minds), but during? Nah, that's just like tokens, just keep spending it on arcade games till it's pretty much gone (or you're satisfied, whichever comes first).
Every gambler will surely realize that when they start making deposits and starting the game it will give them the risk of losing everything. However, because there is an option to get a lot of money by winning gambling, they dare to take risks and not think about many things that will happen.
Things like this naturally happen to every gambler.
full member
Activity: 1204
Merit: 162
Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.
All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.
There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.
I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.
What a story! But I would love it if you can clarify better. What I could infer from your story is that your friend started with a safe bet but ended aggressively, am I correct? Because we can't call it a safe bet anymore when the gambler resolved to bet all his money in just a live game, am I also correct?

No game is certain except that some are worth trusting, but when it has become live, I see nothing safe in that. Perhaps, people often mistake the term "safe bet."
Well he stared with 500$ and he kept going all in with his bets. He is Real M fan so he played on them with all money. He didn't split bets. If he won 1.1 with 500$ thats 550$ and next bet he put 550$ and so on. The game he lost was RealM vs Valencia or Villareal(cant remember exactly), the score was 1-0 until the 87min when he placed the bet to be 0-3 goals. The odd was low maybe 1.1 or lower. And he lost the bet at the end. 
hero member
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Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.
All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.
There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.
I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.
What a story! But I would love it if you can clarify better. What I could infer from your story is that your friend started with a safe bet but ended aggressively, am I correct? Because we can't call it a safe bet anymore when the gambler resolved to bet all his money in just a live game, am I also correct?

No game is certain except that some are worth trusting, but when it has become live, I see nothing safe in that. Perhaps, people often mistake the term "safe bet."
full member
Activity: 1204
Merit: 162
Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.
All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.
There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.
I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.
A $500 to $3000 return means 6.00 Odd can never be a safe bet. That team was so weak that they scored a goal and offered 6 odd after 87 minutes of play.  Because they had no confidence that they would win the match.  So they offered high odds even at the last minute of the game. And it was a great trap for many to make big losses. And your friend fell victim to it too
No he was playing small odds like 1.1 for over a couple of months until he got to 3000$ in total. Maybe I explained it bad sorry.
hero member
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This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.
Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.

He can afford to gamble with this amount of money which means he was a millionaire. Having millions of dollars and using them in the most risky places without any risk management is not a good decision. He had to pay a huge price to understand that there is never 100% sure in betting. So it was a great lesson for him to learn by losing millions of dollars. And his experience will make other gamblers more interested in risk management.
sr. member
Activity: 2618
Merit: 439
This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.
Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.
the involve person is truly a Millionaire and not giving a big issue about losing a Million dollar , but if he is a ordinary person that only got a chance having this amount once in a lifetime? surely he will regret this forever or maybe end his life for good.
and avoid losing? this is something we cannot predict in gambling owrld.
hero member
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This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.
Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.
1% or 0.1% is just the same.  Kiss

As long the count doesnt go to 0% then there's always a chance of losing no matter how small or minimal it would be.This is why we shouldnt really be that
too confident and believe about sure bets because it would really be a total disaster of your funds.Plus its never been worth on risking on a bet having the odds of 1.01 below.
If you do have lots of millions to be burned then go ahead but if you are risking a huge portion of your money then its a suicide.
hero member
Activity: 1876
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This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.
legendary
Activity: 2548
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Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

But in fact, it's just your belief. in fact, we can't even fathom how regretful he is from his loss. maybe, the opposite happened. so far, we can only assume. it could be, that this man has very abundant funds. after all, he really bet with a very fantastic amount. let's imagine otherwise, maybe he is a wealthy man who is betting on the team he idolizes. So, what is certain is that we will never know because in the link that the OP shared, it doesn't even tell the background of the man who risked 1.4 million USD.

But I agree with you, that betting like that is a really crazy idea. because of the fact, we would not dare to bet such a fantastic amount. but for sure, this is a gamble. some win, and some lose.
hero member
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Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.
All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.
There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.
I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.
A $500 to $3000 return means 6.00 Odd can never be a safe bet. That team was so weak that they scored a goal and offered 6 odd after 87 minutes of play.  Because they had no confidence that they would win the match.  So they offered high odds even at the last minute of the game. And it was a great trap for many to make big losses. And your friend fell victim to it too
legendary
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~Snip~
Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.
Only certain people can do budget calculations for gambling, not only rich gamblers, but even small gamblers who only have limited money will never be able to calculate their budget if they are really crazy about gambling and think gambling is everything for them.
In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.
I believe that fast game judgments can cost you a lot of money. As a former gambler, I can state that betting is entertaining, but we must have our wits about us and never let the prospect of enormous wins cloud our judgment. We must set and follow a budget regardless of how much we bet. It's easy to forget how a failing plan could damage your finances when you're excited. Even with a large investment, you may not win much. Bet carefully. These steps will let us enjoy gaming without losing too much money
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