This amount of lose is huge and this will really affect the gambler mind unless he has hit a jack pot severely in the past and if that be so 1.4 million dollars lost bet may not mean much to the gambler is question.
But any way it is good we mentioend it here to teach us some lessons never to bet heavily because of odds, gambling is risky you can lose everything.
Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 42. (Read 6572 times)
January 28, 2023, 01:07:17 PM
January 28, 2023, 01:02:39 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?
As far as I play in gambling sites and on the casino itself I didn't encounters a huge amount of loss but for me every bet is risky when you put your money in the pot for sure only two ways where your money goes. If we when then we can withdraw our winning money but if we loss its say that we need to deposit again and try our luck for the second or third time .so we must be take a gambling as a serious habbit.
January 28, 2023, 11:49:03 AM
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
January 28, 2023, 11:25:03 AM
If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.
I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it it is not a large amount because surely he is a person who has more and more wealth.
For rich people, that amount might be nothing compared to all their money or they could get that much money easily. And he also didn't feel that it was embarrassing because it was normal for him. Those who have never gambled with that big money would be shocked at how much money has already been spent.
January 28, 2023, 04:20:16 AM
The problem is such look like a safe bet when in fact not... I have seen people lose on a 1.005 odd bet which looked like a sure bet but turned out to be a high risk bet that will lead to losing and the unfortunate thing about such wagers is that a player needs to put in alot of money to have a small profit but in the end its all burst! Btw I think bookies actually make more money on such bets because of our greed, it's a hard lesson learnt and can never be too sure of an outcome.
Permit me to say that anyone could lose a bet no matter how promising the bet looks, which is why we have to be careful and be managerial in our wagering. Like the story of this gambler, it's obvious that the guy is only a gambler, the managerial aspect is not there. The $1.4 million is big money that would have been able to sustain his betting for the rest of his life but was just wasted in such a manner.The odd of 1.008 does not imply riskless betting with certainty, so such should have thought it twice and spread the risk on games with lower odds because they have a higher probability of winning. Selecting 10 independent games would have been a good bargain.
January 28, 2023, 02:54:03 AM
The problem is such look like a safe bet when in fact not... I have seen people lose on a 1.005 odd bet which looked like a sure bet but turned out to be a high risk bet that will lead to losing and the unfortunate thing about such wagers is that a player needs to put in alot of money to have a small profit but in the end its all burst! Btw I think bookies actually make more money on such bets because of our greed, it's a hard lesson learnt and can never be too sure of an outcome.
sometimes odd bets are misleading and gamblers are sometimes too greedy after seeing odd bets that seem to promise victory even though they are like a trap. I had experienced something like this at that time, but luckily I gambled just for fun without using big bets.And one thing I learned from this, don't be deceived by the current score of the game, it can flip any time. that is actually the case stated by @OP betting on the leading time while the game is running, disregarding the possibility of a comeback of another team.
for gamblers who have lost a lot of money because they have bet a large amount on odd bets, hopefully that will be the best lesson not to be greedy in gambling
I bet the guy had learned his lesson. It is an expensive tuition fee for the gambling 101 courses. I do not think it was an addiction case but instead a "sure-win" fallacy.
the most expensive college course is Course 101 with a cost of $1.4 million
January 27, 2023, 03:35:50 PM
This is not the first time we are hearing news such as this, in as much as gamblers are hitting jackpots so some will have huge losses, this is a normal characteristic of gambling and sometimes the amount doesn't matter.
Btw if the player has some disorder then that will ve another case entirely.
Btw if the player has some disorder then that will ve another case entirely.
January 27, 2023, 03:28:06 PM
It should be obvious that such a bet was made by a gambler with problems, because even if the probabilities of losing such bet were very low they were not zero, and taking such a risk with such a huge amount of money for such little gain makes no sense at all, I just hope the person who did this is doing fine as losing 1.4 millions in less than an hour and in that way should be incredibly hard, and it would not surprise me if such a person was undergoing some sort of depression.
I think he could get depressed after that big loss.Obviously, this poses a huge risk for a gambler, even for people who have a lot of money, because after they lose, it will not be easy to recover from their losses again.
But maybe he's betting above the average of anyone who's played at the casino, especially since he's had it in less than an hour.
If I were that person, with that kind of money, I wouldn't spend it in one day but would use it for days, maybe up to several months
January 27, 2023, 03:25:28 PM
Could you believe that just as we are on the course of discussion on this thread i still experience a friend of mine falling a victim of related mistake, he uses the money in his disposal but belonging to someone else to gamble a too sure game and loose everything of about 600 USD, though the amount may not be as much as the one OP lost but regardless of the means we should not use other's people money to gamble, he eventually got deceived by the odds offered and place the bet to loose everything at a glance.
The biggest mistake of your friend was to have gambled with funds which didn't belong to him. Now, besides understanding there isn't such safe bets, he will also have to learn we can't use money from others to gamble. I hope he is able to recover that sum of 600$ faster as possible to return it to the original owner.I guess it's not that hard to retrieve that amount working for few months, at least.
This story also reminded me a fact which was shared by local news where a college student gambled more than 200.000$ which belonged to the class graduation funds. The girl just gambled everything on the lottery and lost huge money.
January 27, 2023, 02:35:31 PM
Could you believe that just as we are on the course of discussion on this thread i still experience a friend of mine falling a victim of related mistake, he uses the money in his disposal but belonging to someone else to gamble a too sure game and loose everything of about 600 USD, though the amount may not be as much as the one OP lost but regardless of the means we should not use other's people money to gamble, he eventually got deceived by the odds offered and place the bet to loose everything at a glance.
legendary
Activity: 2226
Merit: 1049
Leading Crypto Sports Betting & Casino Platform
January 27, 2023, 02:18:07 PM
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
So I believe this money actually belonged to who ever wagered it, but what we do not know now is whether this is just a fraction of what he or she has, or the gamblers wagered all he or she in anticipation of making that profit, which if yes, then it's a really a bad deal for the gambler.
January 27, 2023, 02:06:50 PM
If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.
I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us, it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it is not a large amount because surely he is a person who has more and more wealth.
-The quest to recover from previous losses.
-over excitement from previous big winning
And the rest of what have you, but ultimately 1.4 million is a big amount to wager in just a bet.
January 27, 2023, 01:02:08 PM
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
January 27, 2023, 12:29:04 PM
If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.
I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it it is not a large amount because surely he is a person who has more and more wealth.
January 27, 2023, 04:42:21 AM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.
I don't know, but if I will guess, yeah, I believed this is the gamblers own money. I mean if I'm a gambler and trusted by that kind of huge money, I might not put that in line because I will know the consequences of my action specially if I don't have the money to cover it, so what will I do? hide for the rest of my life?
Anyhow, for sure by now he is over with it and probably still gambling with the same casino or new one and could be betting that huge. Not to recover his losses, but most probably trying to enjoy and have fun with sports betting because he got more money to burn.
January 26, 2023, 11:48:38 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.
I don't know, but if I will guess, yeah, I believed this is the gamblers own money. I mean if I'm a gambler and trusted by that kind of huge money, I might not put that in line because I will know the consequences of my action specially if I don't have the money to cover it, so what will I do? hide for the rest of my life?
Anyhow, for sure by now he is over with it and probably still gambling with the same casino or new one and could be betting that huge. Not to recover his losses, but most probably trying to enjoy and have fun with sports betting because he got more money to burn.
legendary
Activity: 2226
Merit: 1049
Leading Crypto Sports Betting & Casino Platform
January 26, 2023, 11:16:16 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.
January 26, 2023, 10:30:50 PM
For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.
So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.
And yes, just like the rest of us says, no safe bet even at that ridiculous odds.
January 26, 2023, 08:38:32 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?
Lesson well learned I guess. He probably thought he can make some quick money placing bets with extreme high winning chance, but the house edge got him. I don't think this is going to affect him much. Someone who can wager $1.4 million in one single bet probably has more millions of dollars lying around. 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?
Anyway, people should be aware of the risks. I have seen people chasing losses, but going all in with low odds but ends up losing everything. Gambling is risky, and in the long run, it is always the casino that wins.
January 26, 2023, 07:47:39 PM
Am I the only one who thinks it's disgraceful the sportsbook released that information?
It is disrespectful to the gambler.
If that was me I would close my account and never gamble with that company again.
Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.
It is disrespectful to the gambler.
If that was me I would close my account and never gamble with that company again.
Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.
sportsbook has confirmed this information.
initially has been released shared by this tweet https://twitter.com/darrenrovell/status/1614603901021437954
For a certain point of view, this is a way for promoting their activities, a lot of people talked about them and know we know that they are able to accept such huge bets...
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