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.
Casinos, sports bets,horse racing and lotteries are means of legalizing illegal profits.
Betting takes place with dirty money while in the casinos it is possible to replace, after the purchase of chips, the remainder with clean money or request a check to be sent to a bank of lawful origin.
Even more in my country it is possible to put "dirty" money into a latest generation slot machine (here called videolottery or briefly vlt) and without even making a bet, press the "ticket out" button, thus receiving a ticket with a barcode that can be used to play again, even on another machine.
But you can also go to the counter and they will exchange it for money : in that moment you will have your initial money back and also a proof of legal origin of your money that are no more of illicit origin.
Back to the huge bet of this topic you cant put $1.4 million into a slot and therefore betting them in what seems to be a sure bet is the quickest way to clean your money and thus reinserting them into the cycle of the real legal economy.
Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 52. (Read 8226 times)
January 25, 2023, 02:53:49 AM
January 25, 2023, 02:21:55 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?
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?
There are few times that you might actually cheer the casino and these situations might be one of them. Somebody had $1,400,000 in their bank account and decided to risk it for the chance of winning around $11,000. Most people could live their entire lives off $1.4 million without ever even touching the principal, if they invested it wisely in something simple like an index fund. If you lived away from a major city there are plenty of towns where you can rent cheaply, or I guess take a little chunk out to buy your house. However someone presumably had such massive wads of cash laying around that they gave up this huge sum for almost nothing - really tough to have any sympathy for them, at the very least I hope it steers them clear of gambling in to the future.
January 25, 2023, 12:39:57 AM
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.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.
January 24, 2023, 11:35:06 PM
Thats if they havent broken out their future but its true that for someone to have this kind of amount then we can assume out that he had still lots of money.We could really think up lots of things that we could do with a 1.4 million in terms of living and in terms of investment which is more worth for this amount to be applied but since its not ours money then it is normal that someone would be dealing up on how they would really be gonna spending it.It is really just that giving that regret and being that worried on what he had done because it would be more worth if he had just spend it out on other things which is more that
worthy and does have sense.
We will most likely never know who was behind that bet and whether or not they could afford it, if they have a lot more money on their bank account then such a loss while still unforgettable will become way easier to accept as they will still have a lot of money they can use to enjoy on other activities.worthy and does have sense.
But it seems possible to me this was the majority or even the totality of their capital, and if this is indeed the case then I can only imagine how painful the experience could be for them and the feelings of regret they must be feeling even now.
January 24, 2023, 09:40:30 PM
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
The most important thing we have to know is that even if we use low or high odds, we still need luck and luck can't always come to us all the time.If you are sure of your choice, let it run until it's finished so we can see the outcome.
But to bet in large amounts is very risky because the losses we will get will also be large.
It's better to bet using the money we can afford and not exceed the limit like that guy so we won't regret it if we lose.
That is a lesson for us to be able to manage money for gambling so that we can enjoy gambling properly.
Obviously, this poses a huge risk for a gambler, even for people who have a lot of money, because after they lose, it will not be easy to recover from their losses again.
But maybe he's betting above the average of anyone who's played at the casino, especially since he's had it in less than an hour.
If I were that person, with that kind of money, I wouldn't spend it in one day but would use it for days, maybe up to several months
January 24, 2023, 04:30:49 PM
There are few times that you might actually cheer the casino and these situations might be one of them. Somebody had $1,400,000 in their bank account and decided to risk it for the chance of winning around $11,000. Most people could live their entire lives off $1.4 million without ever even touching the principal, if they invested it wisely in something simple like an index fund. If you lived away from a major city there are plenty of towns where you can rent cheaply, or I guess take a little chunk out to buy your house. However someone presumably had such massive wads of cash laying around that they gave up this huge sum for almost nothing - really tough to have any sympathy for them, at the very least I hope it steers them clear of gambling in to the future.
worthy and does have sense.
January 24, 2023, 04:00:22 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?
There are few times that you might actually cheer the casino and these situations might be one of them. Somebody had $1,400,000 in their bank account and decided to risk it for the chance of winning around $11,000. Most people could live their entire lives off $1.4 million without ever even touching the principal, if they invested it wisely in something simple like an index fund. If you lived away from a major city there are plenty of towns where you can rent cheaply, or I guess take a little chunk out to buy your house. However someone presumably had such massive wads of cash laying around that they gave up this huge sum for almost nothing - really tough to have any sympathy for them, at the very least I hope it steers them clear of gambling in to the future.
January 24, 2023, 03:13:01 PM
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
The most important thing we have to know is that even if we use low or high odds, we still need luck and luck can't always come to us all the time.If you are sure of your choice, let it run until it's finished so we can see the outcome.
But to bet in large amounts is very risky because the losses we will get will also be large.
It's better to bet using the money we can afford and not exceed the limit like that guy so we won't regret it if we lose.
That is a lesson for us to be able to manage money for gambling so that we can enjoy gambling properly.
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.
January 24, 2023, 02:54:21 PM
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
The most important thing we have to know is that even if we use low or high odds, we still need luck and luck can't always come to us all the time.If you are sure of your choice, let it run until it's finished so we can see the outcome.
But to bet in large amounts is very risky because the losses we will get will also be large.
It's better to bet using the money we can afford and not exceed the limit like that guy so we won't regret it if we lose.
That is a lesson for us to be able to manage money for gambling so that we can enjoy gambling properly.
January 24, 2023, 05:50:59 AM
thats why its called gambling, dosent matter the amount he bet ...
That is it, and anyone placing a bet should have their minds on that. For the gambler who lost 1.4 million it may be a small loss to him and not much of a big deal. We should not cry on his behave. What if he had won it, we would be enjoying it on the beach with those fat brown cigars on his lips and pretty young girls around him. Gambling is a game and like a game you have winners and losers. There are bad and good days in every gambler's life. Maybe that day was that gambler's bad day.
gambling is a game of luck where there are good days and there will definitely be bad days, and it cannot be predicted like gambling. Every gambler, before betting, must have thought about how much he will bet, so that no matter how much money he loses, he will not feel like he has lost. well, maybe it was a disappointment at the time but that kind of feeling will go away after a few hours later. since the amount he risked might not be all of his wealth, so the loss of $1.4 million was small for him.
but, from the story that the OP wrote, we don't need an example, even though we have a lot of money when betting it would be better to control ourselves not to be greedy and waste a lot of money at bets.
January 23, 2023, 11:58:02 PM
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
The most important thing we have to know is that even if we use low or high odds, we still need luck and luck can't always come to us all the time.If you are sure of your choice, let it run until it's finished so we can see the outcome.
But to bet in large amounts is very risky because the losses we will get will also be large.
It's better to bet using the money we can afford and not exceed the limit like that guy so we won't regret it if we lose.
That is a lesson for us to be able to manage money for gambling so that we can enjoy gambling properly.
January 23, 2023, 10:52:04 PM
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
there is also a chance that i thought it is a sure win , wayback when i am playing Hi-Lo But i am completely wrong as I bet all my remaining funds for the last roll., this serves me a education that there are never be a sure thing in gambling but only one , that we will all Lose and the site will always win. 
January 23, 2023, 07:41:22 PM
i many times hit with 1% and 2% chance is not hard.
You are maybe good , but looking at OP's capacity to lose that amount? surely he is not new in gambling and know what he is doing , its just happened that either the decision is wrong or there is something wrong with the site he put the bet or the system.losing that big amount means there is a big obligation from His side.
I am not that good in gambling but one thing I'm sure that I will never lose even 4 digits in single bet
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
It has been said for hundred of times here , but indeed that there is no assurance how low or high the odds . 
January 23, 2023, 05:39:03 PM
But how can he take such a risk by wagering $1.4 million just for a net profit of $11,200, which is 8% of the total wage if he had won?
0.8% actually
Risking or gambling a 1.4 m to win a 0.01 at a 1.01 odd is a thing but..
Anyway, he lost the bet and he deserves what've been coming toward him.
If 1.4m wasn't an amount he was willing to afford to lose then he deserves whatever will happen to him.
January 23, 2023, 05:18:39 PM
Low odds are never a sure way to winning and anytime we bet on them we should be settled with one fact that the bet can go against us even if the odds are low ot, not garranteeand should not be taken as a pointer to big winning so why should anyone want to risk such a huge amount on such bets.
January 23, 2023, 04:51:25 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?
There is no lesson her for me because who knows how long the gambler had been making this kind of bets and how much he had won so far. There is no need to pity him because he knows that what he loses is just a token from nothing. People like this knows how to win and make money money. They bet with small odds and they keep winning regularly without stress. Ask for his portfolio so you will understand that no loses here. 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 23, 2023, 03:37:22 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?
There is no lesson her for me because who knows how long the gambler had been making this kind of bets and how much he had won so far. There is no need to pity him because he knows that what he loses is just a token from nothing. People like this knows how to win and make money money. They bet with small odds and they keep winning regularly without stress. Ask for his portfolio so you will understand that no loses here. 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 23, 2023, 06:36:08 AM
thats why its called gambling, dosent matter the amount he bet ...
That is it, and anyone placing a bet should have their minds on that. For the gambler who lost 1.4 million it may be a small loss to him and not much of a big deal. We should not cry on his behave. What if he had won it, we would be enjoying it on the beach with those fat brown cigars on his lips and pretty young girls around him. Gambling is a game and like a game you have winners and losers. There are bad and good days in every gambler's life. Maybe that day was that gambler's bad day.
January 23, 2023, 05:58:35 AM
None of us like to lose. But we cannot win by ignoring the loss. Gamblers who research these issues carefully usually want to put their money into bets that are relatively low risk. Whether the odds 1.01 or 1.02 or smaller, these bets are low risk. As the rate of return is low, the risk is also low that is thought by some gamblers. Even if there is a low probability of loss the match but if it is happen then one have face big lose economically. As the OP mentioned.
A gambler should not take big risks. He can only bet as much money as he can afford to lose. It should be remembered that winning in gambling is uncertain. So win and loss both should be accepted.
If we don't like to lose then we shouldn't play gambling at all. Gambling is a very risky activity so we must only be able to use money within our capacity and don't be like the guy here in our topic.A gambler should not take big risks. He can only bet as much money as he can afford to lose. It should be remembered that winning in gambling is uncertain. So win and loss both should be accepted.
Maybe the guy underestimates the other team and he also sees that the odd is super low so he thinks this was an easy win but then as stated in the story the other team make an epic comeback, making that team win and then the guy loses his bet. Taking huge risk doesn't only mean betting for higher odds but it also has to do with the the amount that we are betting. If we bet high than is consider as high risk no matter what odds you are betting at.
January 23, 2023, 05:09:34 AM
But how can he take such a risk by wagering $1.4 million just for a net profit of $11,200, which is 8% of the total wage if he had won?
0.8% actually
That's certainly one suspicious bet. If the guy would win that bet, that would most probably be investigated by the bookie's security department.
It's really the opposite. These type of bets are made thousands of times every day, not for this amount of course, but for 100x this amount if you counted up all those bets.
What exactly would they investigate? It's an NFL game, the most unlikely of all games to be rigged.
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