Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 43.

Jemzx00

hero member

Activity: 1470

Merit: 546

Be nice!

Quote from: betnomi.com on January 26, 2023, 06:41:15 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.

If that person was really is managing someone else funds and wanted to earn a quick buck then he f*cked up on losing on this one. This could potentially cause him some jail time unless he will be able to cover the loss on that bet.

I could also imagine these kinds of things happening on those investment schemes where people would be paid off in a certain amount of time by investing and those people will they've invested on will trade their funds or gamble with it.

bitbollo

legendary

Activity: 3178

Merit: 3440

Nec Recisa Recedit

Quote from: MiliMil on January 26, 2023, 02:12:36 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.

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...

Lanatsa

hero member

Activity: 2786

Merit: 646

Quote from: betnomi.com on January 26, 2023, 06:41:15 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.

Managing other peoples money and able to accumulate that big or pouring it all on a single bet? Pretty sure that he would be facing up much more bigger problem if thats the case on where those bettors
or the ones who do let their funds been handled or do make out some guarantees will really be in rage on what happened and that would really be imposing some risk into his own life if ever,
but in most cases it is really just that nearly impossible that he would be able to accumulate that big unless if he do have some rich clients but this isnt always the case.
This is really a lesson learned thing for him.

betnomi.com

copper member

Activity: 75

Merit: 38

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.

khaled0111

legendary

Activity: 2506

Merit: 2832

Top Crypto Casino

Quote from: uneng on January 26, 2023, 03:34:11 PM

Quote from: MiliMil on January 26, 2023, 02:12:36 PM

..

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article

After reading MiliMil's post, I had to read the article again to see if they published any personal information about the unlucky gambler because if they did it would be a disgrace indeed. But they didn't. They referred to him as unlucky gambler. So, I don't see anything wrong here as long as the gambler's identity remain secret.
Most of casinos' ToS state that they reserve the right to publish your bets details in case of a big win and promise not to reveal your identity.

dezoel

legendary

Activity: 1988

Merit: 1072

Leading Crypto Sports Betting & Casino Platform

Quote from: decodx on January 26, 2023, 01:45:51 PM

Quote from: KupaCrypto on January 26, 2023, 08:32:46 AM

In my own opinion I just see it as a risk, but the question is , was the risk worth it?? Using 1.4million dolls to bet 1.01 odd to me its insane because the money you are expecting to win is not worth the risk, but everyone is entitled to their own opinion and risk .

For me, it's just too risky. I mean, spending 1.4 million dollars to bet on a 1.01 odds? That's crazy. The potential winnings aren't worth it, in my opinion. But hey, everyone's got their own risk tolerance and opinions. I guess it just depends on how much you're willing to risk for a chance at a big payout. But it's important to consider all possible outcomes, not just the potential reward. And you better have a plan if things don't go your way.

With that amount of money, I expect that the winnings are still going to be a little beefy even for them who are already rich and I think there is no brainer on why they choose to gamble that high on the tiniest number of odd and that is because they think it was less risky but unfortunately gambling is gambling and there is always a good chance to lose.

But, I think them as a bettor already knows this possibility so we must not be alarmed to what had happened. That was his playstyle but my playstyle would be to have a small capital and gamble with higher payouts. I always feel that it's less riskier plus there is no hard feelings when I lose this way.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: MiliMil on January 26, 2023, 02:12:36 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.

True, but for sure you know that it's business for them, and this gamblers can look for other casino to put his big bet. On the other hand, there could be gamblers as well looking for other casinos, so still a win win for the casino itself.

He has every right to close his account if he feels he was not treated by exposing the amount and what are the odds and that he losses (without naming him).

Hamphser

sr. member

Activity: 2436

Merit: 324

Quote from: Dunamisx on January 26, 2023, 05:31:49 PM

Quote from: Wiwo on January 26, 2023, 03:22:57 PM

Quote from: rahmad2nd on January 26, 2023, 02:39:08 PM

I'm pretty sure, this guy, often does high stakes. The reason is, when referring to the odds given by the bookies. this match should have been won by a strong team. I will take an example. just imagine, like the match between Argentina vs Saudi Arabia. 99%, the match will be won by the stronger team.
because of that, the odds that the bookie gives are very low for the Argentinian team. because however, in terms of player depth, skills, readiness, mentality, the Saudi Arabian team is far below the level with Argentina.

The thing is odds allocation by bookmakers is not in any ways related to the outcome or the strength of the team, bookmakers already know the uncertainty of the outcome of bets and so the give an odds that will give the casino more return should in case the bet is lost and to pay out smaller rewards if the bet is won, that is why you see odds variations, some clubs are given bigger odds knowing fully well that it difficult for the team to win, this is a mechanism.
The player that lost 1.4 millions dollars may have been influenced by odds variation making him to have confidence in his perceive winner to the point of staking such a huge amount on the bets. And just as you have rightly said gambling is a luck base activities may be this day the player ran out of luck.

Am not too sure that OP already has been taking this kind of risk involving huge amount before like this, maybe this was his first time and he's now regretting taking such step, when we talk about odds in gambling, sometimes it's to decieve us from seeing the possible outcome for games we play, even though many gamblers understand that it's all about taking a risk but some odds too serve the purpose of distraction for the greedy and overconfidence gamblers like him.

Regret do always come at the end which it would really be that normal that someone would really be having that regretful feeling about on what he had done considering that huge money was lost due into that

situation where he do believe that it was a sure win.Thing here is that you shouldnt really make yourself that confident when it comes to gambling, no matter how one sided the match would be, there's always that

chance or odds for some upset and this is where they should really be thinking or minding of. Even on 1.01 odds, chances of losing is still there and it shouldnt really be ignored and the best way is not
to go all in and never make those huge bets if you cant really be able to afford if ever you would be losing that.

Dunamisx

hero member

Activity: 798

Merit: 538

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wiwo on January 26, 2023, 03:22:57 PM

Quote from: rahmad2nd on January 26, 2023, 02:39:08 PM

I'm pretty sure, this guy, often does high stakes. The reason is, when referring to the odds given by the bookies. this match should have been won by a strong team. I will take an example. just imagine, like the match between Argentina vs Saudi Arabia. 99%, the match will be won by the stronger team.
because of that, the odds that the bookie gives are very low for the Argentinian team. because however, in terms of player depth, skills, readiness, mentality, the Saudi Arabian team is far below the level with Argentina.

The thing is odds allocation by bookmakers is not in any ways related to the outcome or the strength of the team, bookmakers already know the uncertainty of the outcome of bets and so the give an odds that will give the casino more return should in case the bet is lost and to pay out smaller rewards if the bet is won, that is why you see odds variations, some clubs are given bigger odds knowing fully well that it difficult for the team to win, this is a mechanism.
The player that lost 1.4 millions dollars may have been influenced by odds variation making him to have confidence in his perceive winner to the point of staking such a huge amount on the bets. And just as you have rightly said gambling is a luck base activities may be this day the player ran out of luck.

Am not too sure that OP already has been taking this kind of risk involving huge amount before like this, maybe this was his first time and he's now regretting taking such step, when we talk about odds in gambling, sometimes it's to decieve us from seeing the possible outcome for games we play, even though many gamblers understand that it's all about taking a risk but some odds too serve the purpose of distraction for the greedy and overconfidence gamblers like him.

erep

hero member

Activity: 2254

Merit: 585

Quote from: uneng on January 26, 2023, 03:34:11 PM

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article, as it's a very curious situation, besides being an extra alert for gamblers who think low odds mean safe bets. That this negative experience can at least have some positive outcomes if another gamblers can take it as a lesson for their lives as well!

There is an important point to consider from the news, I agree that no one is harmed as long as the news is spread without publishing the identity of the gambler, in sports betting there is no certainty to choose the winner even in this case the gambler has analyzed the big odds will win but the final result of the match is losing position. So the lesson from that case is that we must be careful in managing gambling and reconsider every bet to use reasonable bets to reduce the risk of big losses.

btc_angela

hero member

Activity: 2590

Merit: 542

Quote from: uneng on January 26, 2023, 03:34:11 PM

Quote from: MiliMil on January 26, 2023, 02:12:36 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.

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article, as it's a very curious situation, besides being an extra alert for gamblers who think low odds mean safe bets. That this negative experience can at least have some positive outcomes if another gamblers can take it as a lesson for their lives as well!

Yes, there are no names, but if you are think that you are one that has been mentioned there, maybe you will have second thoughts on that sports bookies. Nevertheless, we have heard about this kind of news in the past as well, not just those who bet on that kind of money and odds, but those who won big money as well. So I guess this is a practice of the casinos, maybe to hype their name, or sort of just for marketing purposes only and nothing else. So gamblers shouldn't take this personally.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: MiliMil on January 26, 2023, 02:12:36 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.

I concur though mate, yeah, I think it's not good to release this to the public, but I guess they are required by law though that someone will have to check their books, regarding all the bets and those who lost and who win? not sure as well.

Yeah, same here, might as well look for other sport bookies that will not reveal any information because it doesn't feel right to see those numbers. Specially you know that you are the one fool who bet on that, Lol.

uneng

hero member

Activity: 2002

Merit: 775

Leading Crypto Sports Betting & Casino Platform

Quote from: MiliMil on January 26, 2023, 02:12:36 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.

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article, as it's a very curious situation, besides being an extra alert for gamblers who think low odds mean safe bets. That this negative experience can at least have some positive outcomes if another gamblers can take it as a lesson for their lives as well!

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

Quote from: rahmad2nd on January 26, 2023, 02:39:08 PM

I'm pretty sure, this guy, often does high stakes. The reason is, when referring to the odds given by the bookies. this match should have been won by a strong team. I will take an example. just imagine, like the match between Argentina vs Saudi Arabia. 99%, the match will be won by the stronger team.
because of that, the odds that the bookie gives are very low for the Argentinian team. because however, in terms of player depth, skills, readiness, mentality, the Saudi Arabian team is far below the level with Argentina.

The thing is odds allocation by bookmakers is not in any ways related to the outcome or the strength of the team, bookmakers already know the uncertainty of the outcome of bets and so the give an odds that will give the casino more return should in case the bet is lost and to pay out smaller rewards if the bet is won, that is why you see odds variations, some clubs are given bigger odds knowing fully well that it difficult for the team to win, this is a mechanism.
The player that lost 1.4 millions dollars may have been influenced by odds variation making him to have confidence in his perceive winner to the point of staking such a huge amount on the bets. And just as you have rightly said gambling is a luck base activities may be this day the player ran out of luck.

rahmad2nd

legendary

Activity: 2492

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

Quote from: stomachgrowls on January 24, 2023, 04:13:01 PM

Doesnt really make sense at all but there are gamblers who do really think about 100% winning probability.Basing up on what i had read up on previous pages where
the odds is actually 1.008x which if we do make up some computation on how much he would be winning on 1.4M bet then it would be still on $11,200 which if we do
really see that its never been that worth to take up some huge bet just to get that 11k which its never been worth on which most of us would be saying the same.

For a certain person who had bet out this kind of big amount then it would be impossible that this is already some sort of all in money.
Pretty sure that this one is rich and does have lots of reserves but actually no one really knows.

I'm pretty sure, this guy, often does high stakes. The reason is, when referring to the odds given by the bookies. this match should have been won by a strong team. I will take an example. just imagine, like the match between Argentina vs Saudi Arabia. 99%, the match will be won by the stronger team.
because of that, the odds that the bookie gives are very low for the Argentinian team. because however, in terms of player depth, skills, readiness, mentality, the Saudi Arabian team is far below the level with Argentina.

Well, in this man's case. assuming a very high probability of winning, he bets 1.4 million USD. because the man believes, 99% he will win the bet. unfortunately, fate had other plans because he had to give up the 1.4 USD he was betting. like the example I gave, for the Argentina vs Saudi Arabia match. no one thought that Saudi Arabia could comeback and win the match. So, in this case. the man was really unlucky.

MiliMil

full member

Activity: 126

Merit: 106

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.

decodx

hero member

Activity: 1414

Merit: 915

🇺🇦 Glory to Ukraine!

Quote from: KupaCrypto on January 26, 2023, 08:32:46 AM

In my own opinion I just see it as a risk, but the question is , was the risk worth it?? Using 1.4million dolls to bet 1.01 odd to me its insane because the money you are expecting to win is not worth the risk, but everyone is entitled to their own opinion and risk .

For me, it's just too risky. I mean, spending 1.4 million dollars to bet on a 1.01 odds? That's crazy. The potential winnings aren't worth it, in my opinion. But hey, everyone's got their own risk tolerance and opinions. I guess it just depends on how much you're willing to risk for a chance at a big payout. But it's important to consider all possible outcomes, not just the potential reward. And you better have a plan if things don't go your way.

Fredomago

legendary

Activity: 2940

Merit: 1050

Leading Crypto Sports Betting & Casino Platform

Quote from: Peanutswar on January 26, 2023, 08:10:41 AM

If this is a sports game anything can happen in the game one mistake make a turn over the game and make a comeback that's the reason why some of the people want to bet in the sports and e-sports game so they can have a chance with the higher odds because most of the time it happens in the underdogs and people keep making a YOLO or risky bet with the higher odds to get a good profit.

If luck permits and you manage to pick the lucky underdog the winning amount is decent, opposite to what happened to OP's topic, choosing a high favorite team which gives you the impression that 99% is a sure bet and putting a huge amount of money to cash out decent amount of winning. But the opposite take place, luck goes to the opposite side and the outcome favor the other party.

Quote from: KupaCrypto on January 26, 2023, 08:32:46 AM

In my own opinion I just see it as a risk, but the question is , was the risk worth it?? Using 1.4million dolls to bet 1.01 odd to me its insane because the money you are expecting to win is not worth the risk, but everyone is entitled to their own opinion and risk .

Gambling involves risk and for you to take a risk then you are responsible for it, assuming the game played that would have been a plus to him but in this case he lost and in gambling you either you win or you loose .

On my take, placing a huge amount of bet to receive considerable winning money. Though it's the opposite that happened, as luck is not on the side of the bettor. No control with the possible outcome even you see that your winning chance is 99%.

KupaCrypto

member

Activity: 308

Merit: 26

In my own opinion I just see it as a risk, but the question is , was the risk worth it?? Using 1.4million dolls to bet 1.01 odd to me its insane because the money you are expecting to win is not worth the risk, but everyone is entitled to their own opinion and risk .

Gambling involves risk and for you to take a risk then you are responsible for it, assuming the game played that would have been a plus to him but in this case he lost and in gambling you either you win or you loose .

Peanutswar

hero member

Activity: 1498

Merit: 974

Bitcoin Casino Est. 2013

If this is a sports game anything can happen in the game one mistake make a turn over the game and make a comeback that's the reason why some of the people want to bet in the sports and e-sports game so they can have a chance with the higher odds because most of the time it happens in the underdogs and people keep making a YOLO or risky bet with the higher odds to get a good profit.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 43. (Read 6572 times)