Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 5. (Read 8226 times)

I wouldn't be so sure here. Yes, he did have $1.4m available to gamble, but that doesn't mean he could afford to lose it.
People with millions to toss around would unlikely bother making a x1.01 odds bet. The guy was looking for a near-certain win, meaning he wanted/needed money but wasn't willing to accept any higher risk.
I really doubt he was a multi-millionaire. More likely he used money that was meant for something else. At least that's what I'm guessing.

I wouldn't be so sure here. Yes, he did have $1.4m available to gamble, but that doesn't mean he could afford to lose it.
People with millions to toss around would unlikely bother making a x1.01 odds bet. The guy was looking for a near-certain win, meaning he wanted/needed money but wasn't willing to accept any higher risk.
I really doubt he was a multi-millionaire. More likely he used money that was meant for something else. At least that's what I'm guessing.

I bet you didn't read the concluding part of my post, this excerpt can only mislead. What you wrote was addressed there as well and there is no way that the wagering amount could say the worth of an individual. Some people can be reckless in risk-taking, so the affordability of the risk the guy took is still under question which he and those who know him can only answer and not judge it by the huge wagering amount.

Some people may wager their whole money, some part of it, while some may even wager the money they borrowed for other business or worse. ne Regardless, if someone could be in control or have access to such a big amount ($1.4m), he is not poor, which brought about the point you quoted. The only issue is that he definitely mismanaged the sum as many would have handled that money better. Even if they would like to bet, it will be a very ridiculous fraction of it, so I blame him.

I wouldn't be so sure here. Yes, he did have $1.4m available to gamble, but that doesn't mean he could afford to lose it.
People with millions to toss around would unlikely bother making a x1.01 odds bet. The guy was looking for a near-certain win, meaning he wanted/needed money but wasn't willing to accept any higher risk.
I really doubt he was a multi-millionaire. More likely he used money that was meant for something else. At least that's what I'm guessing.

There's no way to verify or would really be able to know on someones financial capacity on just looking into the lost amount that he had but since we are talking millions on here then we can already assume out
that this gambler is really that a rich person because no one would be sitting into the poverty or average bettor or gambler line if someone do able to make out such huge bet.

This do really proves out that even on 1.01 odds then there's always a chance on losing money or that particular bet. So better be careful on how much money you
are really that betting on. As long you can afford to lose then it would really be just that fine.

I wouldn't be so sure here. Yes, he did have $1.4m available to gamble, but that doesn't mean he could afford to lose it.
People with millions to toss around would unlikely bother making a x1.01 odds bet. The guy was looking for a near-certain win, meaning he wanted/needed money but wasn't willing to accept any higher risk.
I really doubt he was a multi-millionaire. More likely he used money that was meant for something else. At least that's what I'm guessing.

It's obvious that money is not the issue of this guy, regardless, he should have kept that adrenaline in check.

It's obvious that money is not the issue of this guy, regardless, he should have kept that adrenaline in check.

Perhaps this is not the first time he has taken such a risk and got away with it. Perhaps the low risk and high chance of winning the bet clouds his judgment. Perhaps, the intoxicant in his system has infested his right reasonings. There are many perhaps that can be attributed to this, but one this that is certain is that the guy acted stupidly.

No matter what happens, an amount as huge as $1.4 million for a mere earning of 0.008 ($11,200) gain is not just worth the risk.

How many more posts of discussion of one persons stupidity and greed? I guy has won the first prize in being unlucky. I definitely wont even think about placing such a huge bet, even if I would be sure in prediction. I see no reason why a person should bet so much. There are plenty of more cheap ways to get an adrenaline.

People do really love on drawing out some conclusions on which it would really be just that normal. Even though we dont know the entire story or even do know that someones bankroll then we would be able to assume that the certain gambler is really that broke up or have lost it all. Its really just that too wrong that someone would really be having those kind of words that it is a bad strategy but same as you said that it would really be that impossible for someone to make out some decisions without having those kind of considerations about on the risks involved. 1.01 odds isnt something that you could really be that able to see yourself to be an opportunity to make money. It isnt really just that worth of the risks on making out such million of amount in terms of bets. If someoen could be able to afford such thing then just let them be.

It is really just that not likely they arent aware on the risks involved. Its never been that worth on having those kind of risks bets into and odds on which is really that considered lowest. 100% winning
bet doesnt exist and there's always that chance or odds that upsets could happen. If someone is really that having those kind of bets into that kind of amount with those specific odds then it do really
shows that he's really that too confident with that but well shit things happen and no matter how it is heavily favorited but doesnt mean that someone cant lose. Always
bare up with this into your mind and thats why im not really that confident on doing some all in bets.

In my opinion, no, in fact it will take a long time if someone resets it first when they want to place their bet, because they will use their lucky method every time they place a bet, because it is very rare for a gambler to reset something or a bet, even so do I, maybe there are only a few people who do that.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.

Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

Yes we can assume that it's a mistake or even intentionally made by the casino itself to make bettors confident in the possibility of winning, but basically we don't know how to verify that about the casino with its research, the lower leagues are more difficult to predict in my opinion, unless you really understand the team that is competing compared to the betting provider itself, maybe you will be more able to take advantage of the opportunity.

$1 million is a lot of money, it might even take us a long time to collect it, I also can't lose that much money in betting, but it's subjective about the risk each bettor takes.

When it comes to gambling, whether or not the gambler carry out any form of research before placing the bets is not important and that is what makes the big difference if the gambler depends on just luck even though he has made a lot of game's analysis, this is why sometimes, analysis seems to be worthless and only luck can give the winning, this is very important because at some point we have all experience a similar loses even though we made a lot of analysis, their will fail at some point and when that happens, luck becomes the only considerable factor to determine who wins and who lose.

Like in the case of this gambler, for him to have committed such an amount of money on the bet it show's that he have a lot of analysis about the games and looking at the odds you should know that he did have such plans as winning by all means, but luck was ont on his side that day so he lost the entire amount.

One of the issues I have with many people is that they are always looking for a sure thing, not realizing this does not exist, even an activity as harmless as getting out of bed still has a risk,

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

Risking a wooping sum of 1.4 million dollars on a bet is quite crazy and somewhat unbelievable, but since we know from experience how crazy some gambler's can be with amount they stake on bet make us to believe this story and for that we need to clarify what our stance will be if we are find ourselves in such a position at to take the next bet, for me I won't risk any amount that higher than $500 on a single bet regardless what the odds may be, I know in this situation, the gambler was tempted to splash such a huge amount of money on the bet because of the promising odds, but not knowing that odds are not a guarantee when it comes to Gambling.
Between I hope the gambler won all the entire 1.4 million from his previous bets because that is the only way he can have some level of relief from this big lose.

..