Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 47.

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Quote from: bettercrypto on January 20, 2023, 11:17:03 PM

This is the world of gambling. But can you do what the bettor did who sacrificed 1.4M$ in exchange for winning only 11,200$ at 0.8? Because I don't think I can do what that bettor did.

none of us mate, yeah no one will ever dare risking (actually losing) that amount in gambling ever, I don't know what comes to that person's mind but if he is still in his right state of mind? how did he do that.

1.4 millions ? this is insane decision and surely he will regret the rest of his life, no wonder that would be His last bet and will never come back in gambling world(or maybe that is the end of His life)

hate seeing this kind of risk specially in gambling , maybe if we are talking about business or other form of investment/ it may be applicable to risk that high.

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Quote from: bitbollo on January 18, 2023, 07:43:29 AM

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

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?

Gambling is always a do-or-die situation like the game where you bet. Lower odds are those things that will probably happen that is why gamblers tend to bet huge money since it is most likely to occur, unlike higher odds that is almost impossible.

It is not easy to gamble because it involves your money.
"High risk, High Reward" This is true I think, the higher you risk your money the higher the chance you win bigger profit but that doesn't defeat the chances of losing, gamblers always think positively.

1.4M$ = 11,200$ at 0.8 because the score is very promising 27-0? Dude, it's impossible to come back. The final score was 30-31 indeed a great comeback!!

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Quote from: rodskee on January 20, 2023, 10:28:42 PM

Quote from: yahoo62278 on January 20, 2023, 06:15:36 PM

The game looked over at halftime. I myself went to bed and woke up amazed at what happened in the 2nd half.

The lesson to be learned here is nothing is ever guaranteed.

Indeed, even how good you are in gambling , and how you are confident about the outcome still there are no guarantee in gambling , this needs a result first before gathering the winning and that is how it become riskiest place to earn/win.

I like others also learned the hard ways and will never do the same mistake again , never ..

You are right there, the majority of gamblers still depend on luck in gambling, no matter how good you are at playing at any casino. Be careful, and expect that no matter what bet you make, you will lose in the end.

This is the world of gambling. But can you do what the bettor did who sacrificed 1.4M$ in exchange for winning only 11,200$ at 0.8? Because I don't think I can do what that bettor did.

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Quote from: yahoo62278 on January 20, 2023, 06:15:36 PM

The game looked over at halftime. I myself went to bed and woke up amazed at what happened in the 2nd half.

The lesson to be learned here is nothing is ever guaranteed.

Indeed, even how good you are in gambling , and how you are confident about the outcome still there are no guarantee in gambling , this needs a result first before gathering the winning and that is how it become riskiest place to earn/win.

I like others also learned the hard ways and will never do the same mistake again , never ..

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Quote from: Fredomago on January 20, 2023, 05:43:54 PM

Quote from: Hamphser on January 20, 2023, 04:43:51 PM

Quote from: pawel7777 on January 20, 2023, 02:20:29 PM

Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

If he had billions then this wont really be that an issue if he would ever to be that desperate on taking back those $1.4M loss but it would really be that unlikely i should say because even how much money you do

have, if you do have the past experience on losing even on 99% winning rate then pretty sure that you would really be having those doubts again on making some all in on a particular bet or simply you had just
learned your lesson and we dont know the financial capacity of this gambler or bettor but on the situation where he could make out bets on million dollars on a single line then we can really say that this
man is a rich guy and there's no doubt on that but we dont know on what are the next steps that he would do.

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

Would really be hard to know since no one knows the identity of the said gambler.We do only see news or been published information if ever these gamblers do make out huge bets and losing it on the minimal

risk as possible which it would really be something that recognizable or would really create out some noise which it isnt really that something new.Just like into those who do win up huge amounts on
a small amount of bet that they do have put up or having that parlay result.This is just an another reverse side of those.

1.01 doesnt really ensure a win on your bet which is something that people do look upon that 100% win isnt possible.

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Quote from: pawel7777 on January 20, 2023, 02:20:29 PM

Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

I watched and actually placed a bet on the game while it was at that point of them to lose but came storming back with a comeback of outscoring them 27-3 in the last quarter.
There was a player who put $32,000 worth in cryptocurrency for the same odds and lost it all on the sports casino I was on at the time.

It was an epic loss on there for him and I can not imagine how this guy felt after watching them drive down the field to score the game winning points.
Over a million dollars just on one match at nearly 1/1 odds is an unbelievable amount to lose.
But it happens time and time again over & over again since it feels and looks like a sure thing!

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The game looked over at halftime. I myself went to bed and woke up amazed at what happened in the 2nd half.

The lesson to be learned here is nothing is ever guaranteed.

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Quote from: pawel7777 on January 20, 2023, 02:20:29 PM

Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

I guess it is the first one where he has done this kind of thing and always paid off. But unlucky, this time when he tried to do the same strategy, he failed miserably since the team he thought is a sure win was beaten after the opponent catch up and win.

This is indeed a rare situation, where a team leading by 27-0 will be beaten at the end of the game by 1 point 31-30.

Quote from: Wiwo on January 20, 2023, 05:50:36 PM

Quote from: Fredomago on January 20, 2023, 05:43:54 PM

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

One point I did not get clear with ops situation is the way the 1.4 millions total lost was accumulated because from the look of thing, ops could not have place bet with the total amount mentioned in the ops.
It could be a total accumulated loses within a long period of time bit definitely if it the other way around then the gambler must be a whale and a big bag holder to have wagered such a huge amount in one bet, and am sure if that is the story then ops must have made a lot of winning previously to have developed the motivation to stake such big amount at once.

It wasn't accumulated, the article stated that the person put a 1.4m bet when the losing team was leading with a score of 27-0 then the winning team made a epic comeback with 31-30 win. The bet is 1 time bet of 1.4m.

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Quote from: Fredomago on January 20, 2023, 05:43:54 PM

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

One point I did not get clear with ops situation is the way the 1.4 millions total lost was accumulated because from the look of thing, ops could not have place bet with the total amount mentioned in the ops.
It could be a total accumulated loses within a long period of time bit definitely if it the other way around then the gambler must be a whale and a big bag holder to have wagered such a huge amount in one bet, and am sure if that is the story then ops must have made a lot of winning previously to have developed the motivation to stake such big amount at once.

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Quote from: Hamphser on January 20, 2023, 04:43:51 PM

Quote from: pawel7777 on January 20, 2023, 02:20:29 PM

Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

If he had billions then this wont really be that an issue if he would ever to be that desperate on taking back those $1.4M loss but it would really be that unlikely i should say because even how much money you do

have, if you do have the past experience on losing even on 99% winning rate then pretty sure that you would really be having those doubts again on making some all in on a particular bet or simply you had just
learned your lesson and we dont know the financial capacity of this gambler or bettor but on the situation where he could make out bets on million dollars on a single line then we can really say that this
man is a rich guy and there's no doubt on that but we dont know on what are the next steps that he would do.

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

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It's only a matter of time before something like this goes wrong. I get the idea, if you bet 1.4 million and you win, then 1,008 of this amount is a significant portion. Nice profit you would think, but it's only a matter of time before things go wrong and then you lose your entire bankroll. annoying that it is such a high amount, but a 1.008 or 1.01 bet is certainly not a sure bet, it can still go wrong. You have to calculate such risks, something like this can happen in all sports. Football matches such as Germany - San Marino can also go wrong.

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Quote from: pawel7777 on January 20, 2023, 02:20:29 PM

Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

That is if he got that much money to risk in the first place. Someone betting a million dollars in exchange for almost $11k is someone who's still in need to grow whatever they have. If he is the type of person that has more than a hundred million sitting there, for sure he wouldn't really risk that much in order to gain some chump change. Maybe he thought that it's an easy $11k and he could use the proceeds for whatever reason he might need, but didn't see that the game wouldn't turn out as was stated by the odds.

If anything, this event might even force him to not bet for a long time and think twice about those 'sure win' odds.

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Quote from: pawel7777 on January 20, 2023, 02:20:29 PM

Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

If he had billions then this wont really be that an issue if he would ever to be that desperate on taking back those $1.4M loss but it would really be that unlikely i should say because even how much money you do

have, if you do have the past experience on losing even on 99% winning rate then pretty sure that you would really be having those doubts again on making some all in on a particular bet or simply you had just
learned your lesson and we dont know the financial capacity of this gambler or bettor but on the situation where he could make out bets on million dollars on a single line then we can really say that this
man is a rich guy and there's no doubt on that but we dont know on what are the next steps that he would do.

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Quote from: Dewi Aries on January 19, 2023, 10:07:51 PM

Quote from: suzanne5223 on January 19, 2023, 06:58:12 PM

I don't know how rich the person that made the bet was but I believe he/she was greedy with the game and I also believe he/she has learned a pretty good lesson because the odds of a game don't justify an end result, it is something I have learned much time which I also learn during the Qatar World cup game at quarter-final when Portugal faces the Moroccan, Brazil vs Cameroon, Spain vs Japan, etc.

I'm sure it's not the first time he's done it because he has a high limit to bet which I'm sure not everyone can do it
Fortunately there are sites that publish about this so that it can change the way we think that there are no easy bets
Oh yes, sometimes there are also sportsbooks that use this method for promotions so they want to attract attention.

There is always a first for everything, so if you're saying it wasn't the first bet he made based on the odds, I can agree with you. However, if you're referring to the amount wagered on the game, I disagree.
If detailed information about the man could be posted so that we could learn about his background, he might be someone who bet his entire life on the outcome.

Quote from: rahmad2nd on January 20, 2023, 02:35:57 PM

Quote from: suzanne5223 on January 19, 2023, 06:58:12 PM

I don't know how rich the person that made the bet was but I believe he/she was greedy with the game and I also believe he/she has learned a pretty good lesson because the odds of a game don't justify an end result, it is something I have learned much time which I also learn during the Qatar World cup game at quarter-final when Portugal faces the Moroccan, Brazil vs Cameroon, Spain vs Japan, etc.

First of all, we can't judge someone based on the bets they make. I don't feel that the man we are discussing here, is a covetous person.

You agreed the man is greedy and you still said we can't judge him based on the bet he made when investing half of the money now in Bitcoin will yield something interesting.

Quote from: rahmad2nd on January 20, 2023, 02:35:57 PM

in theory, with the odds provided by the dealer, on paper the man should have won his bet. however, in the world of sports, especially football. anything can happen even though the team that is superior tends to win the battle. and it seems, the man is too confident that the team he chose as a bet will win the game. so, he gambled with 1.4 million USD. and if he wins the bet, the guy will get at least $11,200. the results are not commensurate with the money at stake, but because 11k money is big enough money, it seems he made a decision on the gamble. unfortunately, bad luck for him.

In conclusion, in any gamble the stake always carries a risk even though the ratio of losing is very unlikely. as you exemplified in the world cup matches in Qatar, remember the favorite team doesn't always win the battle.

Yes, I also believe the team I mentioned in my previous post will win but I stake something big into the match and that's the case of the man in the subject. He was confident the team will and also greedy because he didn't play safe.

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Quote from: suzanne5223 on January 19, 2023, 06:58:12 PM

I don't know how rich the person that made the bet was but I believe he/she was greedy with the game and I also believe he/she has learned a pretty good lesson because the odds of a game don't justify an end result, it is something I have learned much time which I also learn during the Qatar World cup game at quarter-final when Portugal faces the Moroccan, Brazil vs Cameroon, Spain vs Japan, etc.

First of all, we can't judge someone based on the bets they make. I don't feel that the man we are discussing here, is a covetous person.

in theory, with the odds provided by the dealer, on paper the man should have won his bet. however, in the world of sports, especially football. anything can happen even though the team that is superior tends to win the battle. and it seems, the man is too confident that the team he chose as a bet will win the game. so, he gambled with 1.4 million USD. and if he wins the bet, the guy will get at least $11,200. the results are not commensurate with the money at stake, but because 11k money is big enough money, it seems he made a decision on the gamble. unfortunately, bad luck for him.

In conclusion, in any gamble the stake always carries a risk even though the ratio of losing is very unlikely. as you exemplified in the world cup matches in Qatar, remember the favorite team doesn't always win the battle.

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Quote from: OgNasty on January 20, 2023, 02:08:16 PM

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

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Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

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Quote from: bitbollo on January 18, 2023, 07:43:29 AM

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!

The lesson that your said is the main point and is often experienced by gamblers, including myself, I have experienced this, the first time I got to know gambling, I often thought gambling was easy, but it wasn't.

In my opinion gambling is more towards mere entertainment, don't think of gambling as a source of your life, if someone thinks as a source, totally wrong, you will face a bigger risk than expected.

Good gamblers, they are aware of all the risks they will face, everyone's dream win, but defeat must also be considered, experience, strategy, Information is also one of the things that must be instilled, as well as gamblers, emotions and greed are not considerations that must be upheld in gambling.

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Quote from: beerlover on January 20, 2023, 05:46:22 AM

However, if you are gambling, there are also people who won 5000x as well and I am not seeing anyone who spends 1.4 million dollars on those bets neither. It means that if you ever to gamble 1.4 million dollars on anything, then a lower odd thing is a lot better than low chance to win. I rather wager 1.4 million on a 1.008 bet than a 2.20 or whatever bet, it makes a lot more sense that way, and this example is just very rare.

Your point makes sense, but wagering millions on such extremely low odds makes zero sense. Some people do such stuff for improving their casino ranks while some others focus on earning serious money slowly and steadily.

Whatever the reason, such bets are basically gifts for casinos sometimes. It's better not to gamble rather than place such crappy bets.

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Low risk, but that's still a risk. I won't gamble such a huge amount for that kind of bet even if the chances of winning are high enough.
Recently, I played Plinko on Stake.com with just a low amount of betting at high risk, 16 lines. I thought it could just hit that x1000 lane then I would be happy enough to stop it and never come back again. But I never expected to get rekt with 5000 bets in auto mode, although there was a time the funds were increasing (x160 hit twice), I failed to stop due to greed.
Now, I'd rather do that same strategy than an "all-in" in one bet. Somehow I saw some light in betting with high frequencies than doing it once. It takes away the fun and it's short-lived.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 47. (Read 6572 times)