Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! - page 61. (Read 8226 times)
January 18, 2023, 07:25:19 AM
Before I heard about this news. What I do when I bet is I don't really care much about the odds as it is what makes like a multiplier when you bet huge money in low odds then you won't get the amount you bet if you won or the same amount you bet and when betting on higher odds then you will get x2 the amount or more. That's how I see about the odds and you guys are free to correct me but that's how I see about the odds thing. I also think that even though it is low odds doesn't mean you will surely win the bet.
January 18, 2023, 07:08:54 AM
He risks his $1.4M to win $11,200 if his team won.
Normally we bet on the crowd's favorite, only this time the fav loses, and the Jaguar which he must have underestimated won the game.
They kept the name anonymous though. More than likely the guy is rich yet stupid.
A person with so much money like this gambler is likely to have more friends to talk with. This is the kind of loss that will make the gambler chase winnings which means he will gamble more and risk more.
Normally we bet on the crowd's favorite, only this time the fav loses, and the Jaguar which he must have underestimated won the game.
Regardless of the reason, losing such a large amount of money can be a very difficult experience. It is important for anyone who is struggling with gambling addiction to seek help and support, whether through counseling or support groups.
They kept the name anonymous though. More than likely the guy is rich yet stupid.
A person with so much money like this gambler is likely to have more friends to talk with. This is the kind of loss that will make the gambler chase winnings which means he will gamble more and risk more.
January 18, 2023, 07:03:50 AM
thats why its called gambling, dosent matter the amount he bet ...
January 18, 2023, 06:58:45 AM
Hello, dear friends,
It is possible that the gambler made a large number of bets at very low odds, such as 1.008, which would have resulted in a large loss. The odds of 1.008 indicate that the chance of winning the bet is very low and the potential payout is also very small. In order to win 1.4 million USD, the gambler would have had to place a large number of bets and hope that they all win. However, the chances of winning that many bets at such low odds are extremely low, which is why it is likely that the gambler ended up losing a large amount of money.
Another possibility is that the gambler may have been using a betting system or strategy that was not based on sound mathematical principles, and that ultimately led to the large loss. It's also possible that the gambler may have had a problem with gambling addiction, which led them to make impulsive and irrational decisions when placing bets.
Regardless of the reason, losing such a large amount of money can be a very difficult experience. It is important for anyone who is struggling with gambling addiction to seek help and support, whether through counseling or support groups.
In general, it's important to remember that gambling is a form of entertainment, and that it's important to set a budget and stick to it, and also to be aware of the odds and the risks involved in any bet.
Good luck for everybody.
The topic is about a singular bet on an NFL game. Your answer is barely relevant, other than the emotional spiel at the end. The bold part is also incorrect. These odds indicate that the chance of losing the bet is very low, therefor the potential payout is very small. It is possible that the gambler made a large number of bets at very low odds, such as 1.008, which would have resulted in a large loss. The odds of 1.008 indicate that the chance of winning the bet is very low and the potential payout is also very small. In order to win 1.4 million USD, the gambler would have had to place a large number of bets and hope that they all win. However, the chances of winning that many bets at such low odds are extremely low, which is why it is likely that the gambler ended up losing a large amount of money.
Another possibility is that the gambler may have been using a betting system or strategy that was not based on sound mathematical principles, and that ultimately led to the large loss. It's also possible that the gambler may have had a problem with gambling addiction, which led them to make impulsive and irrational decisions when placing bets.
Regardless of the reason, losing such a large amount of money can be a very difficult experience. It is important for anyone who is struggling with gambling addiction to seek help and support, whether through counseling or support groups.
In general, it's important to remember that gambling is a form of entertainment, and that it's important to set a budget and stick to it, and also to be aware of the odds and the risks involved in any bet.
Good luck for everybody.
January 18, 2023, 06:51:21 AM
Hello, dear friends,
It is possible that the gambler made a large number of bets at very low odds, such as 1.008, which would have resulted in a large loss. The odds of 1.008 indicate that the chance of winning the bet is very low and the potential payout is also very small. In order to win 1.4 million USD, the gambler would have had to place a large number of bets and hope that they all win. However, the chances of winning that many bets at such low odds are extremely low, which is why it is likely that the gambler ended up losing a large amount of money.
Another possibility is that the gambler may have been using a betting system or strategy that was not based on sound mathematical principles, and that ultimately led to the large loss. It's also possible that the gambler may have had a problem with gambling addiction, which led them to make impulsive and irrational decisions when placing bets.
Regardless of the reason, losing such a large amount of money can be a very difficult experience. It is important for anyone who is struggling with gambling addiction to seek help and support, whether through counseling or support groups.
In general, it's important to remember that gambling is a form of entertainment, and that it's important to set a budget and stick to it, and also to be aware of the odds and the risks involved in any bet.
Good luck for everybody.
It is possible that the gambler made a large number of bets at very low odds, such as 1.008, which would have resulted in a large loss. The odds of 1.008 indicate that the chance of winning the bet is very low and the potential payout is also very small. In order to win 1.4 million USD, the gambler would have had to place a large number of bets and hope that they all win. However, the chances of winning that many bets at such low odds are extremely low, which is why it is likely that the gambler ended up losing a large amount of money.
Another possibility is that the gambler may have been using a betting system or strategy that was not based on sound mathematical principles, and that ultimately led to the large loss. It's also possible that the gambler may have had a problem with gambling addiction, which led them to make impulsive and irrational decisions when placing bets.
Regardless of the reason, losing such a large amount of money can be a very difficult experience. It is important for anyone who is struggling with gambling addiction to seek help and support, whether through counseling or support groups.
In general, it's important to remember that gambling is a form of entertainment, and that it's important to set a budget and stick to it, and also to be aware of the odds and the risks involved in any bet.
Good luck for everybody.
January 18, 2023, 06:49:13 AM
I have lost 1.01 odd before, I have lost 1.05 odd more than ones before, I have lost 1.02 several times that let me know that going for lower odds is stupidity, it will only encourage you to increase the money you use to stake and losses is still possible. It is a means of getting addicted too.
I have won 1.25 to 2 odds before very well, if I take higher odd with lower amount of money and lose, it is better than going for lower odds with high amount of money.
I have won 1.25 to 2 odds before very well, if I take higher odd with lower amount of money and lose, it is better than going for lower odds with high amount of money.
January 18, 2023, 06:43:29 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?
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