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.
Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 55. (Read 8226 times)
January 20, 2023, 05:15:36 PM
January 20, 2023, 05:09:50 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.
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.
January 20, 2023, 04:50:36 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.
January 20, 2023, 04:43:54 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.
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.
January 20, 2023, 04:06:12 PM
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.
January 20, 2023, 03:53:04 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.
January 20, 2023, 03:43:51 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.
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.
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
January 20, 2023, 03:37:45 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.
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.
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.
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. 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.
January 20, 2023, 01:35:57 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.
January 20, 2023, 01:20:29 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.
January 20, 2023, 01:08:16 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.
January 20, 2023, 12:10:41 PM
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.- 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!
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.
January 20, 2023, 12:07:12 PM
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.
January 20, 2023, 12:00:01 PM
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.
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.
January 20, 2023, 11:17:36 AM
i many times hit with 1% and 2% chance is not hard.
The gambler in this news must have said the same thing as you when he succeeds on some tries then he says it's easy
But look at the end he lost $1.4 million
1% means there is a 99x chance to win and that loss can come before you reach the 100th betThis news is an example for those of you who often use the same method, the risk is always there.
and for sure like everyone ? he is in pain with this one.
hope that this will never cross his mind again and now be more cautious in his gambling activities.
January 20, 2023, 08:54:48 AM
I feel pity for this fellow though I really don't know what prompted him to staking such amount of money on just a single match.
This should also serve as a lesson to all other gamblers as nothing is certain in the gambling sector.
I haven't been in this very situation but I've got a friend who did same with over $3000 when converted from my local currency to USD and he really went into such much debt and it really messed his life up and that is one major reason I always talk against borrowing to gamble.
This should also serve as a lesson to all other gamblers as nothing is certain in the gambling sector.
I haven't been in this very situation but I've got a friend who did same with over $3000 when converted from my local currency to USD and he really went into such much debt and it really messed his life up and that is one major reason I always talk against borrowing to gamble.
January 20, 2023, 07:33:30 AM
Because it risked $1.4 million in a single match, the gambler is very rich. Because there are no gambling strategies that guarantee a hundred percent winning outcome, I would not call it a mistake. It was just a typical unlucky wager that was intended to win frequently.
If the unfortunate gambler used half of his or her personal savings to attempt to profit from extremely low market odds, the bet would be a mistake. It becomes a reckless wager and he or she has a gambling problem that has to be resolved.
If the unfortunate gambler used half of his or her personal savings to attempt to profit from extremely low market odds, the bet would be a mistake. It becomes a reckless wager and he or she has a gambling problem that has to be resolved.
If he can spend that amount for betting then he's somehow can be consider rich since he can afford to take that risk just to try his luck to win. But unfortunate incident happen then he lose maybe learn a hard lesson for that or he will be challenge to test out how lucky he is on next playing time.
A hard lesson indeed but I go with your opinion if he can take that huge amount to risk he might have a lot of money to spend for his gambling, it might be possible that he will take this as hard lesson and start building better strategy, it's really something that we all know, shit can happen everywhere, that huge comeback is something that gambler can't imagine happening.
To bad shit moment happen to him since this is somehow a wake up to reality that risking to much money to find out that bad luck truly exist. This is also replicate to other people trying to double up their money by trying to bet huge amount of money for 1 single bet then leave since this incident could happen to them and that's really worst decision to be done. We should enjoy the money we have since the longer time we play the more its more fulfilling.
January 20, 2023, 04:46:22 AM
This is the type of thing where you do not really have to take for example and run with it. I mean I am not saying wager all your money in a single bet if it is 1.01, obviously avoid that if you could because it would be a bad idea if you did that.
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.
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.
January 20, 2023, 04:20:35 AM
i many times hit with 1% and 2% chance is not hard.
The gambler in this news must have said the same thing as you when he succeeds on some tries then he says it's easy
But look at the end he lost $1.4 million
1% means there is a 99x chance to win and that loss can come before you reach the 100th betThis news is an example for those of you who often use the same method, the risk is always there.
and for sure like everyone ? he is in pain with this one.
hope that this will never cross his mind again and now be more cautious in his gambling activities.
January 20, 2023, 03:47:45 AM
The gambler in this news must have said the same thing as you when he succeeds on some tries then he says it's easy
But look at the end he lost $1.4 million 1% means there is a 99x chance to win and that loss can come before you reach the 100th bet
This news is an example for those of you who often use the same method, the risk is always there.
Correct mate , because he can afford to bet that 1.4 million dollars? meaning that he is confident about bet and just happened that the casino is much better than what he think so the losing happens .But look at the end he lost $1.4 million
1% means there is a 99x chance to win and that loss can come before you reach the 100th betThis news is an example for those of you who often use the same method, the risk is always there.
and for sure like everyone ? he is in pain with this one.
hope that this will never cross his mind again and now be more cautious in his gambling activities.
Yes mate, it was clear he was confident in his bet because $1.4 million is no small bet , no one would want to spend that kind of money on gambling unless he was confident. As a gambler I believe in luck and of course I also believe in bad luck who can come at any time
if i'm not mistaken my biggest loss on 1 bet was around $1000 I couldn't believe I could make such a brutal bet 
Jump to: