Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 46.

_act_

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Quote from: pawanjain on January 31, 2023, 10:12:23 AM

Anything more than 1.98x is more risky for me. I have seen many people losing their bets at 1.99x.
I think 1.98x is still safer. Anything less than 1.10 is a lot riskier. You are basically going all in for just a mere 10% profit which is insane.
Just to make a 2x gain you will have to place 6-8 bets considering you are compounding your bets.
So the ideal range for me is between 1.3x to 1.98x. I generally place all my bets inbetween this range.

It depends on the match, 1.9 odd is not that different from 2x odds too, I have chose 2 odds before many times that I won, it depends on the match and the players that are available to play the match. I have seen many people losing bet to less than 1.99 odds several times too, it depends. There were days I chose 2 odds and I won, there were days I chose less than $1.99 odds that I lost.1.98, 1.99 and 2 odds are even similar.

Sometimes I still go for 1.2 and 1.25 odds, but I prefer it to be 1.5 to 2 odds most times.

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Quote from: iv4n on February 01, 2023, 12:22:41 PM

Quote from: Outhue on February 01, 2023, 12:11:41 PM

I don't want to believe that this person bet all he has on a game even if they are sure of it's out come, maybe this person is a Billionaire? You can't be struggling in life and using 1.4 million USD to gamble, if this person is not a billionaire then he is a victim of his own greediness, I have learned my lesson in 2018 where I always blindly gamble my money away through online gambling platforms, I've lost a lot and I broke the addiction later, I forget about everything and stop gambling, now I only use very small amount of money and I never dreamed of winning big, it's more fun and winning for me now.

Well, Darren Rovell is not a billionaire, as I read he is a millionaire, so this loss hurt him a lot for sure. He is a victim of his own greediness, but also of his own stupidity... he risked a million and a half dollars to earn $10k. I believe he learned a lesson, there is no safe bet in gambling, so don't risk too much, it can turn ugly in minutes.

But since he can carry losing that million? this made Him a billionaire for me as he can afford losing that money , I mean he made that bet with so much confidence and carry to bet 1.4 million dollars in single bet.

but like what said? he is a victim of His own greediness and this made him a loser all his life.

that amount is already a life changing amount in our line , meaning if i can have this? my family and my second generation will live generously and better. so I cannot afford thinking of losing this same amount(of course I will not as i have no chance of having this)

QueenVera

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I'm not really interested in this story but the money involved and now I was trying to convert this money into my local currency and I got so angry at that fellow and firstly what will prompt an individual into gambling away such huge sum of money?
This is madness and I really don't see any reasons why I should ever make such attempt in the first place and now there is a losses bit I will be glad if anyone returns to give a report on the mental state of the player because tis is an incredibly mad figure to just gamble away.
And I'm sure the community if gamblo over here would learn several lessons from this story and try not to underrate anyone or team because in the world of gambling, anything can happen and anyone can be shocked at anytime.
I do hope be gets back to his feet and doesn't run inro debts too.

len01

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Quote from: Shamm on February 01, 2023, 04:00:06 PM

Quote from: rahmad2nd on February 01, 2023, 02:24:49 PM

Quote from: len01 on January 29, 2023, 08:38:10 PM

Quote from: rahmad2nd on January 29, 2023, 04:27:30 PM

In sports betting, it's not uncommon for us to be presented with low odds that are provided by bookies for highly favored teams. in this case, the man chose to bet at low odds because he believed the team he chose would win the match. unfortunately, in the case of this man's gamble. the opposing team can make a comeback and win the battle. in the end, this man had to give up the money he had gambled.

actually it all comes down to luck. but in this case it is an example that we really have to pay attention to in sports betting gambling that odd low is indeed a superior team but not necessarily odd low means it will win. there are lots of cases like this, it's just that some gamblers are more closed in this loss. so not too many people know that many gamblers are fooled by the low odd.
I myself also experienced this case when I was in an esport bet when the odd was low I tried to bet with everything I had and in the end the opposing team made a comeback and lost in the last round. another example is in the world cup soccer match at that time many lost with millions of dollars.

so in conclusion, don't be too hasty to bet on sports betting, because anything can happen there. try to bet a moderate amount and add to the bet if the score is really far behind.

It seems you forgot the first rule in sports betting.

First of all, luck is another factor of a sports game. secondly, remember, that a tough team will not always win in every game. that is, these rules apply to any type of sports betting. So, it's not a matter of being fooled by low odd odds or all that. The problem is, are you brave enough to bet at the low odds that have been provided by the bookies. if not, you can choose other betting options, under/over for example, there are many to choose from.

If you are brave, you must be prepared to risk defeat if the team you predict is not what you expected. so, the conclusion is not a matter of being too hasty or not. but how do you use your insight and knowledge regarding the sport you enjoy. You can learn from the two teams that will compete, compare them, analyze them, look for all the latest formations, then you choose one of them for you to choose in the bet. the rest, let the results decide.

Remember, in sports betting, there are no exact calculations like math. anything can happen, but in theory, it's the stronger team that has the high probability of winning the fight and that's why the bookmakers give the odds so low. so in the OP's case, this is what happened.

Yes mate you are right about that not all tough teams are always win but theres a time they will loss cause in sports not all are perfect days like it depends on the situation and in the condition of the player or a fighter and also in basketball ball betting theres a big chance of loss if thier best players or start players getting sick or injured as we all know that how strong the team is not all the time they will have a good body condition So in sports betting luck is based on. Just my opinion.

@rahmad2nd no, it's not that I forgot about that rule but for me it really comes back to our luck right then and there. for example there is a low odd bet on a strong team, but you choose to research with your usual skills and decide to bet on the over, under, Asian Total or Asian Handicap etc.
well, at that time your chances of winning to choose your choice are very big but in reality the match is not what you expected when some teams are not performing as well as usual so the match is not as usual and in the end you lose with your choice.
So, the most important thing is that even though luck is the main point in gambling, we have various ways to get our wins.

@Shamm yes indeed that's true. but as I talked about with @rahmad2nd, luck is indeed the main rule in gambling but we still have a chance to win our bets with our expertise in researching and choosing Over, Under etc. bets. it can let us take the win out of that game.
so take advantage of the match situation, win or lose we leave it to luck.

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Quote from: n0ne on January 31, 2023, 06:33:00 PM

Whether it is sports betting or casinos, we don't know the outcome. We predict the outcome and go for it. What happened in FIFA World Cup Matches is true example. It is really hard to accept, so when we go for a prediction it is good to go with the better odds than just going for mere profit risking huge volume of money.

Odds can be Misleading sometimes and if one is not carful tou may be tricked into picking a wrong bet following odds some time the odds may work but in most cases, their don't work out the way gamblers view them using the odds.
Just as you mentioned, in the opening match of the FIFA world cup 2022, you will see that the odds were pointing to Argentina winning the match but as luck hard it Saudi Arabia won with match efforts and luck, so in this case odds have failed once again but what i am saying selecting base on odds can lead to winning some time but not in all cases.

Shamm

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Quote from: rahmad2nd on February 01, 2023, 02:24:49 PM

Quote from: len01 on January 29, 2023, 08:38:10 PM

Quote from: rahmad2nd on January 29, 2023, 04:27:30 PM

In sports betting, it's not uncommon for us to be presented with low odds that are provided by bookies for highly favored teams. in this case, the man chose to bet at low odds because he believed the team he chose would win the match. unfortunately, in the case of this man's gamble. the opposing team can make a comeback and win the battle. in the end, this man had to give up the money he had gambled.

actually it all comes down to luck. but in this case it is an example that we really have to pay attention to in sports betting gambling that odd low is indeed a superior team but not necessarily odd low means it will win. there are lots of cases like this, it's just that some gamblers are more closed in this loss. so not too many people know that many gamblers are fooled by the low odd.
I myself also experienced this case when I was in an esport bet when the odd was low I tried to bet with everything I had and in the end the opposing team made a comeback and lost in the last round. another example is in the world cup soccer match at that time many lost with millions of dollars.

so in conclusion, don't be too hasty to bet on sports betting, because anything can happen there. try to bet a moderate amount and add to the bet if the score is really far behind.

It seems you forgot the first rule in sports betting.

First of all, luck is another factor of a sports game. secondly, remember, that a tough team will not always win in every game. that is, these rules apply to any type of sports betting. So, it's not a matter of being fooled by low odd odds or all that. The problem is, are you brave enough to bet at the low odds that have been provided by the bookies. if not, you can choose other betting options, under/over for example, there are many to choose from.

If you are brave, you must be prepared to risk defeat if the team you predict is not what you expected. so, the conclusion is not a matter of being too hasty or not. but how do you use your insight and knowledge regarding the sport you enjoy. You can learn from the two teams that will compete, compare them, analyze them, look for all the latest formations, then you choose one of them for you to choose in the bet. the rest, let the results decide.

Remember, in sports betting, there are no exact calculations like math. anything can happen, but in theory, it's the stronger team that has the high probability of winning the fight and that's why the bookmakers give the odds so low. so in the OP's case, this is what happened.

Yes mate you are right about that not all tough teams are always win but theres a time they will loss cause in sports not all are perfect days like it depends on the situation and in the condition of the player or a fighter and also in basketball ball betting theres a big chance of loss if thier best players or start players getting sick or injured as we all know that how strong the team is not all the time they will have a good body condition So in sports betting luck is based on. Just my opinion.

rahmad2nd

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Quote from: len01 on January 29, 2023, 08:38:10 PM

Quote from: rahmad2nd on January 29, 2023, 04:27:30 PM

In sports betting, it's not uncommon for us to be presented with low odds that are provided by bookies for highly favored teams. in this case, the man chose to bet at low odds because he believed the team he chose would win the match. unfortunately, in the case of this man's gamble. the opposing team can make a comeback and win the battle. in the end, this man had to give up the money he had gambled.

actually it all comes down to luck. but in this case it is an example that we really have to pay attention to in sports betting gambling that odd low is indeed a superior team but not necessarily odd low means it will win. there are lots of cases like this, it's just that some gamblers are more closed in this loss. so not too many people know that many gamblers are fooled by the low odd.
I myself also experienced this case when I was in an esport bet when the odd was low I tried to bet with everything I had and in the end the opposing team made a comeback and lost in the last round. another example is in the world cup soccer match at that time many lost with millions of dollars.

so in conclusion, don't be too hasty to bet on sports betting, because anything can happen there. try to bet a moderate amount and add to the bet if the score is really far behind.

It seems you forgot the first rule in sports betting.

First of all, luck is another factor of a sports game. secondly, remember, that a tough team will not always win in every game. that is, these rules apply to any type of sports betting. So, it's not a matter of being fooled by low odd odds or all that. The problem is, are you brave enough to bet at the low odds that have been provided by the bookies. if not, you can choose other betting options, under/over for example, there are many to choose from.

If you are brave, you must be prepared to risk defeat if the team you predict is not what you expected. so, the conclusion is not a matter of being too hasty or not. but how do you use your insight and knowledge regarding the sport you enjoy. You can learn from the two teams that will compete, compare them, analyze them, look for all the latest formations, then you choose one of them for you to choose in the bet. the rest, let the results decide.

Remember, in sports betting, there are no exact calculations like math. anything can happen, but in theory, it's the stronger team that has the high probability of winning the fight and that's why the bookmakers give the odds so low. so in the OP's case, this is what happened.

iv4n

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Quote from: Outhue on February 01, 2023, 12:11:41 PM

I don't want to believe that this person bet all he has on a game even if they are sure of it's out come, maybe this person is a Billionaire? You can't be struggling in life and using 1.4 million USD to gamble, if this person is not a billionaire then he is a victim of his own greediness, I have learned my lesson in 2018 where I always blindly gamble my money away through online gambling platforms, I've lost a lot and I broke the addiction later, I forget about everything and stop gambling, now I only use very small amount of money and I never dreamed of winning big, it's more fun and winning for me now.

Well, Darren Rovell is not a billionaire, as I read he is a millionaire, so this loss hurt him a lot for sure. He is a victim of his own greediness, but also of his own stupidity... he risked a million and a half dollars to earn $10k. I believe he learned a lesson, there is no safe bet in gambling, so don't risk too much, it can turn ugly in minutes.

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Quote from: maydna on February 01, 2023, 05:24:00 AM

Quote from: klidex on January 31, 2023, 10:19:34 AM

Quote from: maydna on January 31, 2023, 03:24:32 AM

And these rich people really know how to use gambling to get entertainment and can also spend their time well. Rich people will play with other rich people, and from there, they can get new business partners that they can invite to build a business again. While most people gamble to make money, rich people gamble to get business opportunities from their other partners.

Indeed, some rich people use gambling as a means for them to meet and get a business partner, but only a few and not all of them are like that.
There are also rich people who gamble with the aim of being able to make a profit and multiply their money.
However, from some of my experience while in the world of gambling, it is true that people who have excess wealth will use gambling as a field to be able to multiply their money and enrich themselves. In fact, almost every time they have time to gamble, they will continue to gamble until they really get what they have. they want.

These rich people will have their own goals for why they use gambling. And if meeting and finding business partners can get them a new project or deal, they will use it with other business partners. But if those rich people use gambling to multiply their wealth by playing many gambling games, it would not be advisable because, after all, gambling games will eat up their wealth until nothing is left. They had better find other ways to double their wealth. Only a few people can enrich themselves by gambling, while others will only lose a lot.

They multiplied their money in gambling, also not in all games, but only in certain games such as poker, and even then the rich people joined them, all of whom already knew each other or had already become their business partners, so they would be even more daring in risking money.
It is true that only a few people can enrich themselves by gambling but there are also many people who can make a living from the gambling industry.
So that gambling is also beneficial for some people who can really take advantage of it.

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I don't want to believe that this person bet all he has on a game even if they are sure of it's out come, maybe this person is a Billionaire? You can't be struggling in life and using 1.4 million USD to gamble, if this person is not a billionaire then he is a victim of his own greediness, I have learned my lesson in 2018 where I always blindly gamble my money away through online gambling platforms, I've lost a lot and I broke the addiction later, I forget about everything and stop gambling, now I only use very small amount of money and I never dreamed of winning big, it's more fun and winning for me now.

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Quote from: pawanjain on February 01, 2023, 10:17:27 AM

Quote from: Fivestar4everMVP on January 31, 2023, 01:56:55 PM

Quote from: Fredomago on January 31, 2023, 01:45:37 PM

Quote from: Vaskiy on January 31, 2023, 10:35:59 AM

Quote from: pawanjain on January 31, 2023, 10:12:23 AM

Quote from: Solosanz on January 31, 2023, 09:55:44 AM

Quote from: _act_ on January 31, 2023, 03:40:28 AM

The wise gambler will go for better odds like 1.5 or more, the best I have known lies in the range of 1.5 to 2 odds. Going for higher odds are risky while going for lower odds more than 1.2 is a way to lose your money in bank very soon because with low odds, you will want to use big amount of money to play bet and even if you win 5 or more times, 1 big loss will make you lose all you have won and your money. What the person will think later of is to add more money to bet again which he will lose again.

Correct, but I think @[email protected] odds is still quite safe and you can maximize your profit. Some people usually tend to choose parlay option by betting huge favorite team/fighter, so the odds will be high, rather than betting on single match where the odds is only @1.10 or less. As long as you know the sport has higher chance where the underdog pull an upset, you will make a lot money.

Anything more than 1.98x is more risky for me. I have seen many people losing their bets at 1.99x.
I think 1.98x is still safer. Anything less than 1.10 is a lot riskier. You are basically going all in for just a mere 10% profit which is insane.
Just to make a 2x gain you will have to place 6-8 bets considering you are compounding your bets.
So the ideal range for me is between 1.3x to 1.98x. I generally place all my bets inbetween this range.

For the 10% what OP have risked is very big. For this he should've spend 10% on the roll. Whether it brings win/loss is secondary, but he couldn't have experienced such a massive loss. As suggested, if 10% is spend atleast he could've tried to recover if the roll has lost. The above user's choice is good, and when it comes to gambling we should not think about the loss once it happened.

Lesson to learn is not to be overconfident with your chosen pick even the chance of winning is high, you are still inside gambling and losing is not impossible to happen.

This is just the same experience I had last year during Qatar 2022 world cup, the game between Argentina and Saudi Arabia is where I learnt the hard way never to be over confident in a team when placing a bet..
I went all in on Argentina to win that match, but unfortunately, they ended up loosing, I lost all my money, a few thousands of dollars, Infact, if I had millions, I would have probably lost it all because I probably would have betted everything so as to increase my winning amount.

Oh man, what a match it was. I won't judge you for going all in with Argentina because I would place a high bet too.
But yeah, I wouldn't have gone all in because I never do. Yet, the outcome was really shocking since Saudi Arabia won the match being an underdog.
We all have learned our lessons the hard way and I guess this bet mentioned in OP is the hard lesson for that man.

I also had my bet on Argentina but I'm glad that I didn't bet too high. The result only reminds us that no matter how confident we are in our bets, unexpected things could still happen in the end. No matter how well we know the players' strengths, the result will always be unpredictable. Luck still applies even in sports betting. That's the reason why we should think well before deciding to bet all in.

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Quote from: Fivestar4everMVP on January 31, 2023, 01:56:55 PM

Quote from: Fredomago on January 31, 2023, 01:45:37 PM

Quote from: Vaskiy on January 31, 2023, 10:35:59 AM

Quote from: pawanjain on January 31, 2023, 10:12:23 AM

Quote from: Solosanz on January 31, 2023, 09:55:44 AM

Quote from: _act_ on January 31, 2023, 03:40:28 AM

The wise gambler will go for better odds like 1.5 or more, the best I have known lies in the range of 1.5 to 2 odds. Going for higher odds are risky while going for lower odds more than 1.2 is a way to lose your money in bank very soon because with low odds, you will want to use big amount of money to play bet and even if you win 5 or more times, 1 big loss will make you lose all you have won and your money. What the person will think later of is to add more money to bet again which he will lose again.

Correct, but I think @[email protected] odds is still quite safe and you can maximize your profit. Some people usually tend to choose parlay option by betting huge favorite team/fighter, so the odds will be high, rather than betting on single match where the odds is only @1.10 or less. As long as you know the sport has higher chance where the underdog pull an upset, you will make a lot money.

Anything more than 1.98x is more risky for me. I have seen many people losing their bets at 1.99x.
I think 1.98x is still safer. Anything less than 1.10 is a lot riskier. You are basically going all in for just a mere 10% profit which is insane.
Just to make a 2x gain you will have to place 6-8 bets considering you are compounding your bets.
So the ideal range for me is between 1.3x to 1.98x. I generally place all my bets inbetween this range.

For the 10% what OP have risked is very big. For this he should've spend 10% on the roll. Whether it brings win/loss is secondary, but he couldn't have experienced such a massive loss. As suggested, if 10% is spend atleast he could've tried to recover if the roll has lost. The above user's choice is good, and when it comes to gambling we should not think about the loss once it happened.

Lesson to learn is not to be overconfident with your chosen pick even the chance of winning is high, you are still inside gambling and losing is not impossible to happen.

This is just the same experience I had last year during Qatar 2022 world cup, the game between Argentina and Saudi Arabia is where I learnt the hard way never to be over confident in a team when placing a bet..
I went all in on Argentina to win that match, but unfortunately, they ended up loosing, I lost all my money, a few thousands of dollars, Infact, if I had millions, I would have probably lost it all because I probably would have betted everything so as to increase my winning amount.

Oh man, what a match it was. I won't judge you for going all in with Argentina because I would place a high bet too.
But yeah, I wouldn't have gone all in because I never do. Yet, the outcome was really shocking since Saudi Arabia won the match being an underdog.
We all have learnt our lessons the hard way and I guess this bet mentioned in OP is the hard lesson for that man.

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Quote from: Botnake on February 01, 2023, 06:38:20 AM

He was too greedy, thinking he'll make easy money but in reality, there's no guaranteed win in gambling even if the odds is very low. Most of the time the odds would win, he was just unlucky the timing is against him. LOL. IMO, it's better to take it slowly than bet a huge amount for a small profit, the game here is to win consistently, and if we can do that, we will be profitable in the long run.

When a person becomes greedy, he will think he will make more money from gambling but the reality is the opposite. He would instead suffer a loss that would cause all of his money to run out, perhaps in no time. This also makes many people lose money at gambling; even if they wanted to recover their losses, they would only get additional losses. It might be better for him if he bets small or medium so he can enjoy the gamble and maybe he also has a chance to win some money.

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Quote from: babygun on January 31, 2023, 07:56:29 PM

Quote from: pawanjain on January 31, 2023, 10:12:23 AM

Anything more than 1.98x is more risky for me. I have seen many people losing their bets at 1.99x.
I think 1.98x is still safer. Anything less than 1.10 is a lot riskier. You are basically going all in for just a mere 10% profit which is insane.
Just to make a 2x gain you will have to place 6-8 bets considering you are compounding your bets.
So the ideal range for me is between 1.3x to 1.98x. I generally place all my bets inbetween this range.

Personally I find odds of 1.3 still too low to place bets on. My minimum odd is normally around 1.5 to 1.6. If you find a good value bet and the odd is like 2.3 or 2.5, than I still place a bet on it but just lower my betsize. i I guess everybody has like its own odds range where he will place bets on.

This game is a sports game anything can happen and make the tables turn that's why people keep love making a bet with this game, no matter what amount you bet at the end of the day its an all-or-nothing phase, if you win the game you got the multiplier you bet in that's why some of the people wanting to use the gambling casino that has a good boost for the odds so have the higher chance to large the pool of amount they have. If you know already the game and you know the chance of winning with two teams already have a chance to get a profit grab the opportunity but again this is a sports game, one mistake can make a miracle and lose the team you bet in.

Botnake

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He was too greedy, thinking he'll make easy money but in reality, there's no guaranteed win in gambling even if the odds is very low. Most of the time the odds would win, he was just unlucky the timing is against him. LOL. IMO, it's better to take it slowly than bet a huge amount for a small profit, the game here is to win consistently, and if we can do that, we will be profitable in the long run.

delfastTions

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Quote from: AicecreaME on January 31, 2023, 09:19:32 PM

Quote from: bitbollo on January 18, 2023, 06:43:29 AM

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

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 have lost some of my money in gambling way back. It was due to me being careless, not analyzing the situation and then everything else followed. It was an amount that I can't say I totally afford to lose which made it a learning lesson and experience to look back to today. It was hard accepting that the hard-earned money was gone in a snap, but I guess we all make mistakes. Although right now, I can say that I'm more financial literate and I still have a lot to learn.

With this, I can say that it's not really a good idea to bet and risk an amount you can't really let go and shrug off if things go haywire. A person must only risk what he can afford to lose to avoid deep regrets and resentment towards oneself. Betting with limitations is a must too. Someone should know when to stop to avoid accumulation of funds spent in gambling. Specific fund allocation could be an effective way to lessen the betting amount as long as you can adhere to it.

Totally agree with you on that! Gambling should be seen only as a recreational activity, not as a means to make money. Avoid gambling with money you can't afford to lose by setting reasonable spending boundaries. That you were able to gain financial knowledge as a result of your mistakes is really encouraging.

Setting aside a certain amount of money for gambling before you start is another way to prevent yourself from getting carried away. By setting aside a certain amount each week, you may better control your spending and avoid dipping into other accounts. Also useful is not chasing your losses and having a firm grasp of the game's rules and techniques. Playing the odds should always be a pleasant and sensible pastime.

I can hardly imagine that such a huge amount can be regarded as paying for a lesson on how to be careful, attentive and prudent when gambling. Of course, if this person is a billionaire, this was probably the amount that he could afford to lose. But for all the normal people in the world, this is still too much. It would be better if he immediately gave that kind of money to some sort of charitable foundation. Of course, I condemn people who allow themselves to lose at one time the amount on which some can live comfortably all their lives. There is something disgusting and ugly about it. But of course, here we are all discussing this case, and not only probably in BTT, but also on other forums, and only this is probably the moral satisfaction for such a player.
But after all, many people will simply consider him a fool somehow. And they will still condemn and react negatively to such a shocking act.

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Quote from: klidex on January 31, 2023, 10:19:34 AM

Quote from: maydna on January 31, 2023, 03:24:32 AM

And these rich people really know how to use gambling to get entertainment and can also spend their time well. Rich people will play with other rich people, and from there, they can get new business partners that they can invite to build a business again. While most people gamble to make money, rich people gamble to get business opportunities from their other partners.

Indeed, some rich people use gambling as a means for them to meet and get a business partner, but only a few and not all of them are like that.
There are also rich people who gamble with the aim of being able to make a profit and multiply their money.
However, from some of my experience while in the world of gambling, it is true that people who have excess wealth will use gambling as a field to be able to multiply their money and enrich themselves. In fact, almost every time they have time to gamble, they will continue to gamble until they really get what they have. they want.

These rich people will have their own goals for why they use gambling. And if meeting and finding business partners can get them a new project or deal, they will use it with other business partners. But if those rich people use gambling to multiply their wealth by playing many gambling games, it would not be advisable because, after all, gambling games will eat up their wealth until nothing is left. They had better find other ways to double their wealth. Only a few people can enrich themselves by gambling, while others will only lose a lot.

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Quote from: n0ne on January 31, 2023, 06:33:00 PM

Quote from: Wiwo on January 31, 2023, 06:00:10 PM

Quote from: Fivestar4everMVP on January 31, 2023, 01:56:55 PM

This is just the same experience I had last year during Qatar 2022 world cup, the game between Argentina and Saudi Arabia is where I learnt the hard way never to be over confident in a team when placing a bet..
I went all in on Argentina to win that match, but unfortunately, they ended up loosing, I lost all my money, a few thousands of dollars, Infact, if I had millions, I would have probably lost it all because I probably would have betted everything to increase my winning amount.

Argentina vs Saudi Arabia match in the Qatar 2022 was a game that really humbled many football speculators, many bets were destroyed by that single game as all odds connected to Argentina winning Saudi but the outcome of the match was in favour of the least expected team Saudi Arabia, from then I learn a few lessons which are.
*Never to be too confident in any team since football is unpredictable and we should not judge by odds or previous performance or records.
*Double chance your bets if you have the funds to do so but most times you still end up losing if luck is not on your side.

Whether it is sports betting or casinos, we don't know the outcome. We predict the outcome and go for it. What happened in FIFA World Cup Matches is true example. It is really hard to accept, so when we go for a prediction it is good to go with the better odds than just going for mere profit risking huge volume of money.

Both loss and gain are part of gambling. So i think it is not right to choose any betting odds that have 99 percent win rate. Because sometimes 1 percent will be able to take everything away from a gambler. Better to manage gambling with risk. Maybe there someone can lose a certain amount but be aware of that loss and will not cause any major disaster. I deserve a gambler should have minimum betting odds 1.2 or more.

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Quote from: mitchr4 on January 31, 2023, 10:18:25 PM

For me, there is always a little possibility of losing a bet, whatever of how high the chance of winning is. I once had that feeling, when picking a team with low odds for an NBA bet. Hoping the bet will be easy to win, but the results tell otherwise.

indeed and that is why up to now? after reading this thread several times now?
yet thinking what comes to His mind betting that High with that stupid Pdd, 1.01? lol i will not even bet 1 million in 5% odds .
this is a lesson need to be learned the hard way and losing million bucks is truly a life changing event.
Maybe his life changes now to wahtever it brings him after losing

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Quote from: Eureka_07 on January 18, 2023, 09:23:47 AM

Quote from: bitbollo on January 18, 2023, 06:43:29 AM

Personally I don't think it's a bad decision. I had this similar strategy before (of course with extremely lower amount than what has been mentioned in the OP). This strat worked for me. I barely lose any round from those bets.
I would say that this time, he got very unlucky. Above all, this is gambling regardless of how little the odds of losing, you can still lose. I hope that bettor was aware of the risk.

This method may be effective, but the risk that a bettor can face in this situation is also very high. But as you said, luck didn't agree with him that time, we just don't know if the bettor regretted it, it could be yes or no.

And it seems that there is no regret from the bettor who did that because from the beginning he already accepted the advantage and disadvantage of his chosen decision.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 46. (Read 8226 times)