Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 51.

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Quote from: MiliMil on January 26, 2023, 01:12:36 PM

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

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

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

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Quote from: Dunamisx on January 26, 2023, 04:31:49 PM

Quote from: Wiwo on January 26, 2023, 02:22:57 PM

Quote from: rahmad2nd on January 26, 2023, 01:39:08 PM

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

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

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

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

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

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

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Quote from: Wiwo on January 26, 2023, 02:22:57 PM

Quote from: rahmad2nd on January 26, 2023, 01:39:08 PM

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

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

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

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Quote from: uneng on January 26, 2023, 02:34:11 PM

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

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

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Quote from: uneng on January 26, 2023, 02:34:11 PM

Quote from: MiliMil on January 26, 2023, 01:12:36 PM

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

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

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

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Quote from: MiliMil on January 26, 2023, 01:12:36 PM

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

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

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

uneng

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Quote from: MiliMil on January 26, 2023, 01:12:36 PM

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

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

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Quote from: rahmad2nd on January 26, 2023, 01:39:08 PM

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

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

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Quote from: stomachgrowls on January 24, 2023, 03:13:01 PM

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

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

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

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

MiliMil

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Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

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Quote from: KupaCrypto on January 26, 2023, 07:32:46 AM

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

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

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Quote from: Peanutswar on January 26, 2023, 07:10:41 AM

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

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

Quote from: KupaCrypto on January 26, 2023, 07:32:46 AM

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

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

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

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

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

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

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Quote from: LastKiss on January 25, 2023, 07:24:24 AM

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.

~snip~
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

It's really risky to bet in sports betting or someone who can manipulate that, since there's always a chance like dirty play behind the scene or something miracle happening to that team etc. There's never an easy game if we underestimate our opponent then we can lose in no time. Well I always avoid sports betting since when I tried e-sports betting and though it's an easy game but the result is not like what I wanted.

Especially if he uses a very large amount of money that not everyone can afford to do it, he may have really hoped for a big win to place a big bet but the truth is that he got a big loss instead. This is a clear example where people want to win a lot of money by betting big money. We really have to prevent ourselves from placing bets using big money even though the results of our analysis say that the team we choose has a big chance of winning than the opposing team. It's the risk of losing big money that we have to avoid so we don't regret it.

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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?

This reminds me of my unique strategy of low odds martingale bets on tennis. I used to bet on good players at odd at or above 1.1 and increase the amount by 10 on every loss. And I only placed bet on if the playing player have 100+ ranking difference on ATP's rank and had clean head to head stat for the one I'm betting for. This went well till it really went bad. Glad I didn't had 5 digit amount on me while it busted. With so many different ways to lose, I've came to conclusion that sports bet too are just for fun.

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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.

~snip~
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

It's really risky to bet in sports betting or someone who can manipulate that, since there's always a chance like dirty play behind the scene or something miracle happening to that team etc. There's never an easy game if we underestimate our opponent then we can lose in no time. Well I always avoid sports betting since when I tried e-sports betting and though it's an easy game but the result is not like what I wanted.

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Welcome to gambling. Where the word "certainty" can't be applied even though the majority are thinking that they will win on it. Where the word "guarantee" can't be applied as well because anything can happen.

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

~
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

In sports betting, what I always see is the statistics. That increases my chances of winning, but it isn't certain that I will win with the use of it. Gambling = risk whatever odds it is. TBH, it's my first time seeing a gambler putting that huge amount into a team with odds that low.

The reward of it is high compare to the risk of it. I'm curious how does he felt after what happened with that game and his money. As for me, most of the time I always bet on the opposing side and I don't recommend doing it because that's the reason why most of the times, I lose money in gambling. I didn't experience me betting on a team which is kind of sure win already, and I guess I will not do it at all Cheesy

.

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Quote from: hopenotlate on January 25, 2023, 02:53:49 AM

This topic came to my mind several times, after my first read it didn't want to came out of my head and I came to the conclusion the only plausible purpose of this (kind of) bet is money laundering.

You're right to an extent, money laundering could be a possibility in this regard since it's hard for a gambler to just pull on the whole amount of such huge money into gambling after several years of savings from rigorous earnings into gambling, the possibility to this from another view is to thought of money laundering as a possible cause while the gambler also got over confidence in the game and got decieved by the odd and gambles on other to also double the money.

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Quote from: Reatim on January 25, 2023, 12:39:57 AM

Quote from: Haunebu on January 21, 2023, 08:55:01 AM

Quote from: Reatim on January 20, 2023, 10:48:42 PM

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)

It probably isn't his last bet and I don't think he will end his life or anything since he is probably a rich dude who will regret this bet for a while and move forward just like the BTC pizza guy who missed out on millions.

z
How I wish he will never mate and hope that he is rich person that only lose peanut in this matter because if not? for sure His entire life is ruined in this action .

I have seen also whales betting 20k and up in single roll with consecutive losses but never see in actual bet of 1.4 million dollars.

lesson learn still not only for that man but to all gamblers worldwide.

In fact, there are many wealthy gamblers who have made bets of 1.4 million dollars or more, but rarely do people know where they made bets of that size.
There are lots of rich gamblers out there who have a passion and interest in the world of gambling or betting, it's just that no one knows whether they are betting in an online casino or a real casino that you can visit in person. There are also those who bet directly in a casino. match stadiums that have been given a special place for those who want to make a bet.

Maybe learning can be done by a gambler, but to stop betting and regret what he has done is a difficult thing for a gambling enthusiast or betting enthusiast.

Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 51. (Read 8226 times)