Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 39. (Read 8226 times)

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.

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.

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.

That's the essence of gambling if you cannot manage the risk on your self I guess you don't have a gut to win a huge amount but of course not all the time there's a possibility that you could win still depends on your decision sometimes people keep winning and continuously playing and make revenge gameplay that's why they lose a lot. Even though its just entertainment still ideal if they make management with their gambling activity such as having a limitation with themselves and just a gamble just a set of money so they can play a lot more else they just ignore the money they have and keep playing for satisfaction.

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.

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).

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.

That's right, only they know why they used that big money and we can only guess. But some people use big money to gamble because it's tempting to get a big win quickly, but it won't always happen because that's gambling. At this time, we can win. At other times, we can lose a lot of money.

Only by controlling the use of money that we can do and always trying to stop before our money runs out can we prevent big losses. The more money we use, the greater the risk of losing that money at the gambling table.

These people understand that they have to be wise and calm but sometimes, when they win or lose, they are triggered to do more than before, making them often experience defeat. If they get a win, it doesn't matter, but they often experience a losing streak that can make them feel disappointed and spend more money. Yes, I agree that people's behavior can change at the gambling table according to what they experience. And without wisdom, self-control, and composure, they would lose all their money even a minute later. The human mental condition will change according to the situations and conditions they experience. The casino knows this and uses it to continue to tempt gamblers to keep playing until the money runs out.

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.

There is no doubt about the greed that the gambler fell into. Otherwise, why would you want to take such a big risk? He might have been sure that he would win that bet. He had no idea that he might lose in that particular bet. But I doubt how badly his human condition could have deteriorated after losing such a large bet. Most people think that those who can place such big bets have enough money. However, placing such a large bet at 1.008 odds is quite addictive. I am sure that such trends cannot keep the betting life normal.

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.

Yeah!  These are your golden words.   

Of course, you need to be wise and calm and prudent when it comes to gambling.  This, I think, is generally understood by everyone.  Only, alas, they understand until they start playing and lose even a little bit.  This is where the excitement comes in!  And not every person can retain his wisdom and caution, characteristic of him in ordinary life.  At the gaming table, the player's behavior changes and he begins to behave more risky.  Actually, the entire gigantic gambling industry all over the world is built on this general characteristic of the human psyche.  So, of course, you can wish for what you said.  But it is difficult to fulfill this wish.  At this point, the wisdom of a person leaves him and passion and excitement come to replace her.

Logically right, gambling with moderation to control possible big damages with your finances, though there are people or gamblers who already have addiction problems, the kind of a gambler that they are not worried about the big risk that they are taking. We can't say what are the reason behind they've got their own reasoning and they are willing to gamble with fate and luck.

If they win, they will continue and the same way if they will lose, that willingness keeps them moving forward.

A gambler can be willing to take risks when he sees an opportunity to win big money. I think many of us have experienced it

But the problem is if we can't calculate the budget for gambling, it will all be gone in just a short time. And many people have made big bets without any consideration of how much they should use just for the desire to get that big win. Even if we have a lot of money, it's still not worth betting big money because the chance to lose is still there. So we should gamble wisely and moderately.

You are right that gambling is which everybody who is a gondola or who duly participate in gambling know very well that gambling is that something that you can merit and there's something that you cannot merit. So I believe that the gambling have to do with it always so elder you believe on winning or lose

Gambling is always a risk which we all supposed to know the consequences if we over gamble that could lead to serious problem leading to addiction and some other issues that may not be too to us. Gambling can be very sweet when you are making consistent profits without know that one day the doom day will come that will make us to lose money through our slightest mistakes.

Expect with those comments and reactions yet this is really something that interesting to be talked on on where losing 1 out of 100 is not something that we could say everyday and same goes into those huge wins  

or hits in 1 in 100 too.Its not a big deal, it is really just that people do really love to discuss out things which they arent seeing everyday and this one proves out that there's no such thing about 100% winning rate

no matter how one sided the match would be, losing is still there.This is why its never been that ideal on going all in and its not something that recommendable
on doing so.

We all agree, that the money that the man is risking is not a small amount of money.

well maybe, that's the problem. we are casual gamblers. and the man is a gambler who has abundant finances. that's why, he voluntarily risked 1.4 million dollars even though the ratio he got from the bet was not commensurate with the risk he would receive. and in fact, the man lost. he was completely unlucky in his gamble despite that his bet had a high winning probability from the low odds that the bookies were providing. the point is, we can't judge from the betting side of what other people are doing. as long as the man was willing to bet as much as he could afford to lose, it was all his decision. if the man wins his bet, the results he gets really don't match the capital at stake. but that's gambling, we are very aware of every risk of something we have risked.

I tell you the plain truth man, this amount is too large to bet once, no matter how rich the individual is, do you even realize what we are talking about here, 1.4 million in US dollars, not in some shit currency without value, this amount is currently worth over 1 billion in my countries currency, with this kind of money, I will never be poor again even if I decide not to work again for the rest of my life, with moderate spending, i will eat this money till i die, and my children will continue from where i stopped.

Even if tomorrow, I become a trillionaire in US dollar, I will never be as stupid as this gambler to gamble this kind of amount out at ones.

But a gambler who is brave and able to place bets with that amount is sure to be a rich man who has money many times greater than the amount at stake.
Betting with large amounts does not matter whether he has a mental disorder or something else, but because he wants big profits too so he doesn't hesitate to bet.
Maybe mamang for us even most people will think that this amount is not a small amount and we can use it to make ends meet in a few years so it would be a shame if we bet a very fantastic amount, but for those who have more wealth and do the bet amount is not much.

Perhaps this could be the reason why he bet that huge amount. Maybe he is confident about his bet which lead him to bet that amount thinking he would profit easily and quickly because it's a "sure or guaranteed win" on his end. Unfortunately, it turned out it isn't. All of those efforts and money were all gone to waste, due to miscalculated bet and high hopes for swift ROI. And if we are to assume that he is one of those people who want easy money, then sadly this is the exact proof why people should always think twice or even more before risking so much because tables could turn even at the very end of the game.

I also think that the gambler believes that it is a sure win since the team he bet on was leading and he never imagine that it will turn into an upset.  It is a sad day for him but gives us a lesson that we will never know who will win until the match is finished.  So we must not be confident to think that we will win in a bet even though our betting team has huge lead.  Upset always happen, even in a boxing where the favorite has a huge advantage over the underdog and yet lost due to some miscalculation.