Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 49. (Read 8226 times)
January 29, 2023, 07:57:46 PM
the casino got lucky
January 29, 2023, 06:37:00 PM
If we follow and pay close attention to how the rich people play or bet, it will be difficult to understand because they bet using their logic based on a large enough capital that no matter how they do it they will continue to win.
we can assume he is a rich man from the amount of betting funds but from the assessment of the odds that he does not accept losing the funds because his predictions are wrong, he increases the betting funds because he has predicted that he has a great chance to win even though the winning amount is very low compared to the betting capital. However, this type of gambler is very rare, even though gamblers are rich they still consider the risks of each bet and are not greedy to get profits with risky bets.-big money bag holders, who are scared and lazy to do analyses and instead of calculating and connecting the odds they just choose the small odd thinking it to be a sure odds.
-They are missed informed on how the possibility of a small odds to lose or win is same with bigger odds, not knowingt that gambling is risky and only luck can make you hit the jack pot.
-1.4 millions quite a huge money that only money bag could bet away at a go.
January 29, 2023, 04:27:30 PM
True, if he is a billionaire, the lost will not affect him financially but it will still affect him mentally due to its insane low odds. No doubt that he regret it much, because he did make a huge bet for small profit but unfortunately he lost it. Hopefully he is a real billionaire who wont be affected financially, I cant imagine how if this 1.4m is all the money he owns. Something really worst must be happened after..
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.
First of all, what I want to say is that only people who have large finances dare to bet a high enough amount. imagine, 1.4 million is not a small amount of money, especially when converted to my country's currency. secondly, I believe this man often bets high amounts. maybe, if we compare the money that is at stake with the money that is earned it is not worth it. however, if we look at that $11k is not a small amount of money either. based on his high self-confidence, the man made a high bet. unfortunately, bad luck befell him.
January 29, 2023, 12:15:54 PM
If we follow and pay close attention to how the rich people play or bet, it will be difficult to understand because they bet using their logic based on a large enough capital that no matter how they do it they will continue to win.
we can assume he is a rich man from the amount of betting funds but from the assessment of the odds that he does not accept losing the funds because his predictions are wrong, he increases the betting funds because he has predicted that he has a great chance to win even though the winning amount is very low compared to the betting capital. However, this type of gambler is very rare, even though gamblers are rich they still consider the risks of each bet and are not greedy to get profits with risky bets. 
January 29, 2023, 10:52:23 AM
And if he takes the risk but instead continues to play and uses big money as a bet, it is highly not recommended because there is a loss that can occur at any time, and his defeat finally proves that. People with a lot of money may accept such a large amount, but if it ends up spending all their money on the gambling table, it is the same as taking a risk but not knowing how to deal with big risks.
Rich people dare to place big bets, and they can accept the risk of losing their money at any time. Maybe they're after the winning money they can get by placing that big bet, so it's normal for them.
By knowing the risks that will be accepted and the consequences of betting large amounts, they must also have spare money to be able to bet if the first bet loses and the money is lost.Rich people dare to place big bets, and they can accept the risk of losing their money at any time. Maybe they're after the winning money they can get by placing that big bet, so it's normal for them.
The reserve money will be used with the aim of betting again to be able to win it and restore losses from previous losses.
If we follow and pay close attention to how the rich people play or bet, it will be difficult to understand because they bet using their logic based on a large enough capital that no matter how they do it they will continue to win.
January 29, 2023, 09:32:10 AM
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?
When I see your lessons to learn, I laugh because those things you mentioned there m, it is only those who don't understand gambling have not known or seeing them. For a real gambler those things are part in him. He understands that gambling is not all about winning always, there will be a time that one will also loss. And also real gamblers understand that there is no bet or gambling is small or big. You have to make all equal if not you cry to home. The small gambling can even lead you to a big win. 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?
January 29, 2023, 09:14:30 AM
1 million dollars to win 8000 dollars? Either the guy has a lot of money to throw around, or he just wanted to earn fee money (something stupid I would do sometimes, bet 1 million satoshi to win 8000 satoshi on dice to pay for a withdrawal fee.
Totally naive, and inexperienced, but I've also done the same at Bitvest to my loss
Totally naive, and inexperienced, but I've also done the same at Bitvest to my loss
January 29, 2023, 06:29:56 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.
Rich people are also certain that in every game or bet they cannot just be careless in doing it. It must be based on sufficient knowledge and extensive knowledge about a game or bet so that it indirectly makes them confident and sure of victory.
Yes, of course, and rich people dare to place large bets because there is an advantage if they win, the amount they get is even bigger and is proportional to the risk they have to accept.
Rich people dare to place big bets, and they can accept the risk of losing their money at any time. Maybe they're after the winning money they can get by placing that big bet, so it's normal for them.
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January 29, 2023, 05:20:40 AM
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.
It will surely affect him, he knew he was putting his money into gamble and in gamble anything can happen, no matter how certain the outcome may look nothing is sure, so he has to deal with the loss , he needs a strong mentality now, because that strong mentality is put to rest in situations like this when you loose a bet with such huge amount of money.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.
Maybe he has enough money to make him forget about the 1.4million dolls but surely he will still feel it, he shouldn't give up on betting,
True, if he is a billionaire, the lost will not affect him financially but it will still affect him mentally due to its insane low odds. No doubt that he regret it much, because he did make a huge bet for small profit but unfortunately he lost it. Hopefully he is a real billionaire who wont be affected financially, I cant imagine how if this 1.4m is all the money he owns. Something really worst must be happened after..
Like you said, let us all hope that the gambler is a billionaire and that this lose does not negatively affect him financially, it is better that the lose affect him emotionally than financially, emotionally means that within a short period of time, he can forget about the loss and move on, but for this to affect him financially means that the chances of the gambler thinking about committing suicide is high.
January 29, 2023, 05:00:28 AM
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.
It will surely affect him, he knew he was putting his money into gamble and in gamble anything can happen, no matter how certain the outcome may look nothing is sure, so he has to deal with the loss , he needs a strong mentality now, because that strong mentality is put to rest in situations like this when you loose a bet with such huge amount of money.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.
Maybe he has enough money to make him forget about the 1.4million dolls but surely he will still feel it, he shouldn't give up on betting,
True, if he is a billionaire, the lost will not affect him financially but it will still affect him mentally due to its insane low odds. No doubt that he regret it much, because he did make a huge bet for small profit but unfortunately he lost it. Hopefully he is a real billionaire who wont be affected financially, I cant imagine how if this 1.4m is all the money he owns. Something really worst must be happened after..
January 29, 2023, 04:46:58 AM
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.
It will surely affect him, he knew he was putting his money into gamble and in gamble anything can happen, no matter how certain the outcome may look nothing is sure, so he has to deal with the loss , he needs a strong mentality now, because that strong mentality is put to rest in situations like this when you loose a bet with such huge amount of money.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.
Maybe he has enough money to make him forget about the 1.4million dolls but surely he will still feel it, he shouldn't give up on betting,
January 29, 2023, 03:59:42 AM
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.
It will surely affect him, he knew he was putting his money into gamble and in gamble anything can happen, no matter how certain the outcome may look nothing is sure, so he has to deal with the loss , he needs a strong mentality now, because that strong mentality is put to rest in situations like this when you loose a bet with such huge amount of money.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.
Maybe he has enough money to make him forget about the 1.4million dolls but surely he will still feel it, he shouldn't give up on betting,
January 29, 2023, 03:54:27 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.
Some gamblers are taking the risk of betting tons of money with low odds as they believe their chance of winning is like almost 100%. But sad to say, upsets always do happen in any sports. Even if we say, this team or athlete is high likely to win, but you can never be sure up until the game is over. That gambler who betted $1.4M thought that there's no chance that he will lose, but unfortunately, he lost.
January 28, 2023, 12:57:50 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 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.
Rich people are also certain that in every game or bet they cannot just be careless in doing it. It must be based on sufficient knowledge and extensive knowledge about a game or bet so that it indirectly makes them confident and sure of victory.
Yes, of course, and rich people dare to place large bets because there is an advantage if they win, the amount they get is even bigger and is proportional to the risk they have to accept.
January 28, 2023, 12:07:17 PM
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.
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.
January 28, 2023, 12:02:39 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, 10:49:03 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, 10:25:03 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, 03:20:16 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, 01:54:03 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
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