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Topic: My $300 bet won $417,000 - page 3. (Read 2085 times)

hero member
Activity: 2408
Merit: 584
March 13, 2023, 04:01:15 PM
The odds for payout are calculated to maximize winnings for the house.

For example, if a team has double the chances to win, then the house instead of paying you 2X, they will offer to pay 1.9X for example.

That means that over a long period of time, they pay you less for the amount of risk you're taking.

Imaging that you're doing a coin flip and you guess what side of the coin will be selected, if you guess it right, I pay you slightly less than your bet. Over the long term you'll run out of money, because your expected return is negative.
I understand that they take a portion of the winnings but that doesn't represent the kind of edge that a casino has over a player that gives them an advantage for a win. A house edge in casino games generally gives the house a percentage of advantage over the player where their chances of winning become higher.

So in sports betting, what I meant, is that a player can only win or lose a bet based on the outcome of the game which is not controlled by the casino or any mathematical calculation or algorithm.
hero member
Activity: 714
Merit: 521
DGbet.fun - Crypto Sportsbook
March 13, 2023, 01:52:17 AM
Have you considered if given odds for people to use and things doesn't work as expected for them, prediction isn't that accurate most times and i understand maybe you've got a website running with such service OP, not bad to choose since the results is evident in your own experience as well, gamblers have one or two things to pick up from your experience but the sad thing is not not everyone will get your same kind of result, that's why it all involves taking risk to winning or loosing when gambling.
hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
March 13, 2023, 01:42:29 AM
~snip~
There is no house edge in sports betting, what do you mean by it should be lower than other types of gambling? How can sports betting have a house edge when the result isn't generated through an algorithm or a program but it depends on the game being played in reality by the teams or players?

OP deserved the wins because he probably had enough knowledge and had surely done some research before placing the bets. The accuracy was perfect for him to hit the jackpot, and that's because he knew what he is doing.

The odds for payout are calculated to maximize winnings for the house.

For example, if a team has double the chances to win, then the house instead of paying you 2X, they will offer to pay 1.9X for example.

That means that over a long period of time, they pay you less for the amount of risk you're taking.

Imaging that you're doing a coin flip and you guess what side of the coin will be selected, if you guess it right, I pay you slightly less than your bet. Over the long term you'll run out of money, because your expected return is negative.
Fascinating! The house appears to always win. They maintain revenue by paying payments significantly below the odds. But who wants to win when you can lose in style?! I suggest purposely betting against the odds to see how much you can lose. Wallet reverse psychology! . Who needs a positive expected return when a negative one is fun? It's crucial to gamble responsibly and recognize the hazards. If you play, make sure you can lose without hurting your finances. There are many ways to have fun and enjoy life without gambling.
One thing that is certain is that the "house always wins," no matter how we tried or make the best in a reverse manner, the house will win. One thing that people don't know is that the program has been done in their favour and no matter the tactics anyone could come up with to defeat the house would certainly be blocked. The professionals working things for the house are expert in the field, so no one will gain more than the house want them to gain even if they bet on the opposite.

Also, I agree, no responsible person will want to take gambling as a do-or-die means to make money, they should surely look for an honourable way of earning for a better living.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
March 13, 2023, 01:21:58 AM
~snip~
There is no house edge in sports betting, what do you mean by it should be lower than other types of gambling? How can sports betting have a house edge when the result isn't generated through an algorithm or a program but it depends on the game being played in reality by the teams or players?

OP deserved the wins because he probably had enough knowledge and had surely done some research before placing the bets. The accuracy was perfect for him to hit the jackpot, and that's because he knew what he is doing.

The odds for payout are calculated to maximize winnings for the house.

For example, if a team has double the chances to win, then the house instead of paying you 2X, they will offer to pay 1.9X for example.

That means that over a long period of time, they pay you less for the amount of risk you're taking.

Imaging that you're doing a coin flip and you guess what side of the coin will be selected, if you guess it right, I pay you slightly less than your bet. Over the long term you'll run out of money, because your expected return is negative.
Fascinating! The house appears to always win. They maintain revenue by paying payments significantly below the odds. But who wants to win when you can lose in style?! I suggest purposely betting against the odds to see how much you can lose. Wallet reverse psychology! . Who needs a positive expected return when a negative one is fun? It's crucial to gamble responsibly and recognize the hazards. If you play, make sure you can lose without hurting your finances. There are many ways to have fun and enjoy life without gambling.
legendary
Activity: 2716
Merit: 1383
March 12, 2023, 10:10:54 PM
~snip~
There is no house edge in sports betting, what do you mean by it should be lower than other types of gambling? How can sports betting have a house edge when the result isn't generated through an algorithm or a program but it depends on the game being played in reality by the teams or players?

OP deserved the wins because he probably had enough knowledge and had surely done some research before placing the bets. The accuracy was perfect for him to hit the jackpot, and that's because he knew what he is doing.

The odds for payout are calculated to maximize winnings for the house.

For example, if a team has double the chances to win, then the house instead of paying you 2X, they will offer to pay 1.9X for example.

That means that over a long period of time, they pay you less for the amount of risk you're taking.

Imaging that you're doing a coin flip and you guess what side of the coin will be selected, if you guess it right, I pay you slightly less than your bet. Over the long term you'll run out of money, because your expected return is negative.
Yes, there is a house edge on sports bets and it follows the same logic as in any other gambling game, as in your example if we were to flip a coin and every time you made a one dollar bet and you won you received one additional dollar then this would be a fair game, since your EV is zero, however if instead of paying you the dollar I paid you 0.98 dollars this will mean that you will lose 1 cent on average on each flip of a coin, or one dollar for each 100 flips of a coin if you kept making a one dollar bet.
hero member
Activity: 1008
Merit: 960
March 12, 2023, 08:22:45 PM
~snip~
There is no house edge in sports betting, what do you mean by it should be lower than other types of gambling? How can sports betting have a house edge when the result isn't generated through an algorithm or a program but it depends on the game being played in reality by the teams or players?

OP deserved the wins because he probably had enough knowledge and had surely done some research before placing the bets. The accuracy was perfect for him to hit the jackpot, and that's because he knew what he is doing.

The odds for payout are calculated to maximize winnings for the house.

For example, if a team has double the chances to win, then the house instead of paying you 2X, they will offer to pay 1.9X for example.

That means that over a long period of time, they pay you less for the amount of risk you're taking.

Imaging that you're doing a coin flip and you guess what side of the coin will be selected, if you guess it right, I pay you slightly less than your bet. Over the long term you'll run out of money, because your expected return is negative.
sr. member
Activity: 2660
Merit: 339
March 12, 2023, 11:35:44 AM
High risk and high reward is normal in gambling. In this case, it was a parlay bet, and the edge is not really on the bettors. However, @OP was strong enough to risk a decent amount of money for a huge return, and they deserve their win. At least with sports betting, the house edge should be lower than other types of gambling, which is why the sports betting industry is the biggest in the gambling industry.
There is no house edge in sports betting, what do you mean by it should be lower than other types of gambling? How can sports betting have a house edge when the result isn't generated through an algorithm or a program but it depends on the game being played in reality by the teams or players?

OP deserved the wins because he probably had enough knowledge and had surely done some research before placing the bets. The accuracy was perfect for him to hit the jackpot, and that's because he knew what he is doing.
legendary
Activity: 2506
Merit: 1113
There's no need to be upset
March 12, 2023, 09:25:16 AM
Congratulations. That was an unbelievable feat. Just this week I tried doing multi bets although I included some matches and sports that I already didn't watch closely. After losing some tickets, I gave up. But after reading this inspiring story, I am thinking of doing it again. And just like everyone else, I am curious if you will share your next multi-bets. I'll give it a try and see if I can get some of your luck. Grin
Don’t panic and jump in to the gamble by just reading someone story. If you jump into gambling only by hearing other people's stories, it will bring you bigger losses.  You will never win big prizes by following other people's stories.  Big prizes are not always won.  It suddenly gets to someone. You can get it too, but neither you nor anyone knows when.  You can try but never panic. Keep gambling with a cool mind

No worries. I never panic about anything mate. And I won't just jump completely without checking it. And besides, if I ever follow OP's bets, it will be very small amounts that won't hurt my feelings if it loses. It would be dumb if people believes that there is such a thing as called sure-bets. Multi-bets are the most difficult in sports betting so we better expect their low chances of winning. Maybe $10 or a little more or less will be my range. If a $300 ticket can win $417k then a $10 ticket can probably get $10k when lucky.

That's right. We should not forget that gambling has only only two sides, it's either you win or lose. There's no such thing as draw as you will just have either one of the outcome at the end of the day, why? I don't think that you will stop betting once your bets hit the draw mark, chances are that you will still continue until you will end the day with losses or wins.
Mostly importantly, you cannot achieve big hits if you're following someone's shadow. If you feel that you're lucky, then go for it. Don't go and start betting if you will just trust your fate in other person's hand.

I'd say there are 4 sides, not only two

win big
win small
loose big
loose small

as in trading avoiding big losses is a must if you want to stay in the game

patience and emotional control plays a big role in the game

Whatever you label it mate, it will still go back to only 2 sides just like a coin. It doesn't matter if you win big, win small, lose big and lose small as defeats are still defeats as well as wins are still a win no matter what angle you're trying to see it.

And actually, we cannot really compare betting towards trading because it's a two different kind. Trading requires experience and learning but for betting, not really. It's just a battle of luck especially if it's just a casino games but for sports betting, that's also a different one.

Trading and gambling are very far unless you are just trading using luck and without any knowledge or experience at all like flipping a coin to decide what trade you will tick into. Though gambling of it needs strategy and also experience like card games still it is all about luck, the main difference is that trading is for profit, business and investment but gambling, is for fun and it is difficult to make a living from it, unlike trading and also in all aspects patience and controling emotions is a must to be successful
Trading without knowledge is just like throwing your money into gambling with no direction , I hate those people that treat trading as like gambling because in gambling we are depending in Luck while in trading we depend in our understanding and researches .
way that truly far from comparing .
in how many years of being here in crypto? i fully understand that trading is not for all people while gambling is for everyone.



when I mention that trading and gambling have crossovers and similarities I'm not saying they're the same thing
they're definitely different
you can approach gambling with strategy and you can surf luck weaves in trading
I agree that gambling has a wider reach of audience than trading that is for few (few people will be able to master it)

not even sure if it makes sense to thing about "mastering gambling"
hero member
Activity: 1484
Merit: 608
Vave.com - Crypto Casino
March 12, 2023, 07:20:11 AM
This sort of accomplishment doesn't move me that much....in the sense that it's gonna come once in a long while.. (usually unexpected), so I totally disagree with the fact that being dedicated and tenacious could POSITIVELY fetch something good at the end of the day, without any RISK involved at all, or does it?? Cus that's atleast the way I see it. It only serves as some random trials, since you ain't even certain about having a winning over any game wagered... So it definitely cuts sometimes, for some set of Lucky peeps, Not everyone. It might get too hard for anyone else.

Sandra 🧑‍🦰
luck will only come occasionally over a very long period of time and usually comes unexpectedly. but like the OP who shared a story about a big win never hurts to inspire others to believe in every bet and of course don't hope too much to get big luck and bet responsibly.
to be honest, after seeing the experiences shared by the OP, I am more and more convinced that big wins and good fortune will come to me sometime in the future, even though I have spent a lot of money before.
and I'm sure, luck will come.
it is depend on the person because there are some people that truly a luck friendly and they gonna win more times than usual gamblers so it is either they are luckier than us or they will not.
and big fortune in gambling comes only once in a  million chance.
Luck doesn't always work for everyone.  Fortune suddenly brings great things to someone. So you cannot say that luck is always friendly to a specific person. Op's story is one of the few I've heard of such a big winning story. But there are records that many won big amounts but could not keep holding it. They lost that money again through gambling.  In this case the person's luck is to do good things at first, but bad things later
full member
Activity: 2576
Merit: 205
March 12, 2023, 07:05:47 AM
This sort of accomplishment doesn't move me that much....in the sense that it's gonna come once in a long while.. (usually unexpected), so I totally disagree with the fact that being dedicated and tenacious could POSITIVELY fetch something good at the end of the day, without any RISK involved at all, or does it?? Cus that's atleast the way I see it. It only serves as some random trials, since you ain't even certain about having a winning over any game wagered... So it definitely cuts sometimes, for some set of Lucky peeps, Not everyone. It might get too hard for anyone else.

Sandra 🧑‍🦰
luck will only come occasionally over a very long period of time and usually comes unexpectedly. but like the OP who shared a story about a big win never hurts to inspire others to believe in every bet and of course don't hope too much to get big luck and bet responsibly.
to be honest, after seeing the experiences shared by the OP, I am more and more convinced that big wins and good fortune will come to me sometime in the future, even though I have spent a lot of money before.
and I'm sure, luck will come.
it is depend on the person because there are some people that truly a luck friendly and they gonna win more times than usual gamblers so it is either they are luckier than us or they will not.
and big fortune in gambling comes only once in a  million chance.
hero member
Activity: 3052
Merit: 685
March 12, 2023, 06:52:42 AM
~snip~
Most gamblers do not mean all gamblers and not many gamblers can win big money. But indeed some people are very lucky in playing gambling and can get big wins like @OP, which rarely happens to many people. Let's hope we get as lucky as @OP, who earns a lot of money.

But we also must realize that gambling like that has risks and will increase according to the capital we use. And when we place many bets, we are ready for the results later.

If you think about it in mathematical terms, at the end of the day it's a losing game. Imaging having a coin toss with say 40% chances of you winning and 60% of you losing.

Would you play that?

That's what the casinos do in the end, they try to complicate things but show them as apparently easy to win.

High risk and high reward is normal in gambling. In this case, it was a parlay bet, and the edge is not really on the bettors. However, @OP was strong enough to risk a decent amount of money for a huge return, and they deserve their win. At least with sports betting, the house edge should be lower than other types of gambling, which is why the sports betting industry is the biggest in the gambling industry.
hero member
Activity: 1008
Merit: 960
March 12, 2023, 05:40:46 AM
~snip~
Most gamblers do not mean all gamblers and not many gamblers can win big money. But indeed some people are very lucky in playing gambling and can get big wins like @OP, which rarely happens to many people. Let's hope we get as lucky as @OP, who earns a lot of money.

But we also must realize that gambling like that has risks and will increase according to the capital we use. And when we place many bets, we are ready for the results later.

If you think about it in mathematical terms, at the end of the day it's a losing game. Imaging having a coin toss with say 40% chances of you winning and 60% of you losing.

Would you play that?

That's what the casinos do in the end, they try to complicate things but show them as apparently easy to win.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
March 11, 2023, 10:19:25 AM
   -   It's true what you mentioned mate, that's why most regular gamblers who enter a casino only go home losers and very few win.

Because if most gamblers win a game, it's likely that a casino will go bankrupt in a matter of hours. So what probably happened to OP is that he got lucky and got that big prize. I hope the same luck happens to me in gambling.
Most gamblers do not mean all gamblers and not many gamblers can win big money. But indeed some people are very lucky in playing gambling and can get big wins like @OP, which rarely happens to many people. Let's hope we get as lucky as @OP, who earns a lot of money.

But we also must realize that gambling like that has risks and will increase according to the capital we use. And when we place many bets, we are ready for the results later.
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
March 11, 2023, 10:09:37 AM
I missed this thread. Lucky me this resurfaced.

You are a f**cking legend! You truly deserved it. I'm amazed at how you carefully placed your bets. You definitely have the discipline to only bet on matches that you are almost certain of the outcome.

I'm really amazed at your style. Really thanks for sharing your story. But I'm not saying I'm inspired to bet, especially with a parlay with 19 legs. My god, I can't imagine betting on as many matches as that in a multi-bet. You really are a bloody legend!

Why not? If your bet size is just $0.20, why not risk it and potentially, although with an extremely low probability, you can win $450+ USD.

$0.2 × 2268.62 = $453.724

I personally like placing similar bets, especially if I can bet with as little as $0.10. It's like buying a lottery. It's fun. And it's completely in accordance with my rules: don't risk more than you can afford to lose. I mean, even a hundred of such bets is.
sr. member
Activity: 952
Merit: 303
March 11, 2023, 03:27:44 AM
Again, I can't emphasize this enough! The sight of such a remarkable accomplishment being accomplished by another person is inspiring. Remember that reaching your goals frequently requires stretching yourself beyond of your comfort zone. It's true that not everyone has the financial means to take such high-stakes risks, but we can all learn a lesson from this player's dogged perseverance and ability. It's a reminder that success isn't automatic, but that with dedication and tenacity, everything is possible.
This sort of accomplishment doesn't move me that much....in the sense that it's gonna come once in a long while.. (usually unexpected), so I totally disagree with the fact that being dedicated and tenacious could POSITIVELY fetch something good at the end of the day, without any RISK involved at all, or does it?? Cus that's atleast the way I see it. It only serves as some random trials, since you ain't even certain about having a winning over any game wagered... So it definitely cuts sometimes, for some set of Lucky peeps, Not everyone. It might get too hard for anyone else.

Sandra 🧑‍🦰

   -   It's true what you mentioned mate, that's why most regular gamblers who enter a casino only go home losers and very few win.

Because if most gamblers win a game, it's likely that a casino will go bankrupt in a matter of hours. So what probably happened to OP is that he got lucky and got that big prize. I hope the same luck happens to me in gambling.
hero member
Activity: 1008
Merit: 960
March 10, 2023, 09:13:48 PM
~snip~
This has to do with gambling because this was the topic here but I don't know why they suddenly insert trading here. Since we are already here, I will just go on with the flow. Gambling and trading are not the same in terms of luck. In gambling, we only have a tiny luck but in trading, we can increase our luck percentage depending on our skill.

Complicated analyses that are mostly seen in trading can possibly be applied in gambling if the one that we are playing is sports betting. If you think you are not lucky as the OP, maybe gambling for profit is not really for you? But you can always enjoy gambling only to get entertained.

Trading is basically gambling, if you just see the prices and want to buy and sell hoping to earn money.

Companies like brokers earn their money from trader's fees just like casinos earn their money from gamblers.

Investing is a different thing though, where you acquire an asset you think will appreciate over time.
hero member
Activity: 2576
Merit: 586
March 10, 2023, 02:28:15 PM
Actually this has nothing to do with gamblers and traders but in fact trading and gambling are almost the same referring to luck but have differences.
Gambling uses predictions, strategies and tactics but trading uses slightly complicated analysis.
But back to the contents of the first thread that all of this is actually based on the luck we will get.
As OP said that he was very lucky to get a big win from the bet he placed and we ourselves are not necessarily as lucky as him even though we have tried several times.
This has to do with gambling because this was the topic here but I don't know why they suddenly insert trading here. Since we are already here, I will just go on with the flow. Gambling and trading are not the same in terms of luck. In gambling, we only have a tiny luck but in trading, we can increase our luck percentage depending on our skill.

Complicated analyses that are mostly seen in trading can possibly be applied in gambling if the one that we are playing is sports betting. If you think you are not lucky as the OP, maybe gambling for profit is not really for you? But you can always enjoy gambling only to get entertained.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
March 10, 2023, 12:26:12 AM
Trading without knowledge is just like throwing your money into gambling with no direction , I hate those people that treat trading as like gambling because in gambling we are depending in Luck while in trading we depend in our understanding and researches .
way that truly far from comparing .
in how many years of being here in crypto? i fully understand that trading is not for all people while gambling is for everyone.
Trading and gambling are not the same, but many people still trade like they are gambling because they don't analyze like others and just guess or follow other people's advice. But if they prefer that method, maybe it will be up to them because each person who trades must have their own way.

But in gambling, if we don't have experience or don't know how to analyze properly, we can play gambling using luck-based games so we only rely on luck to win. And sometimes, it can give us an advantage even though there will be more defeats than wins.

Some people got wrong thoughts about it since they declare that trading is also a gambling since both of this has chance to lose. And they need to understand that they are different criteria or platforms then also different risk taking execution.  Gambling is indeed pure luck especially when playing random game plays or even betting on sports since we don't know what will be the result if we could win or lose with this. I can say trading is far better than gambling but if you want to have fun you can find it playing on casino since competitive people are there.
That is because, in trading, we have more opportunities to reverse the situation where we previously lost and we don't sell the coin and prefer to wait a while until the price can reverse direction and give us profit. Especially if we can understand making the right analysis when the market is moving because that is how to search for buy or sell positions that can allow us to get profits later. So it's better to have more in-depth knowledge about trading to have more opportunities to make a profit.

Trading without knowledge is just like throwing your money into gambling with no direction , I hate those people that treat trading as like gambling because in gambling we are depending in Luck while in trading we depend in our understanding and researches .
way that truly far from comparing .
in how many years of being here in crypto? i fully understand that trading is not for all people while gambling is for everyone.
Trading and gambling are not the same, but many people still trade like they are gambling because they don't analyze like others and just guess or follow other people's advice. But if they prefer that method, maybe it will be up to them because each person who trades must have their own way.

But in gambling, if we don't have experience or don't know how to analyze properly, we can play gambling using luck-based games so we only rely on luck to win. And sometimes, it can give us an advantage even though there will be more defeats than wins.
Actually this has nothing to do with gamblers and traders but in fact trading and gambling are almost the same referring to luck but have differences.
Gambling uses predictions, strategies and tactics but trading uses slightly complicated analysis.
But back to the contents of the first thread that all of this is actually based on the luck we will get.
As OP said that he was very lucky to get a big win from the bet he placed and we ourselves are not necessarily as lucky as him even though we have tried several times.
We agree that @OP is very lucky to get that big win. We might find it difficult to get a big win like @OP because each of us has a difference in luck. But I'm sure one day we will be able to get lucky too and be able to win. But many wins will depend on the number of bets we make. And never bet more than you can afford.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
March 09, 2023, 11:47:41 PM
This sort of accomplishment doesn't move me that much....in the sense that it's gonna come once in a long while.. (usually unexpected), so I totally disagree with the fact that being dedicated and tenacious could POSITIVELY fetch something good at the end of the day, without any RISK involved at all, or does it?? Cus that's atleast the way I see it. It only serves as some random trials, since you ain't even certain about having a winning over any game wagered... So it definitely cuts sometimes, for some set of Lucky peeps, Not everyone. It might get too hard for anyone else.

Sandra 🧑‍🦰
luck will only come occasionally over a very long period of time and usually comes unexpectedly. but like the OP who shared a story about a big win never hurts to inspire others to believe in every bet and of course don't hope too much to get big luck and bet responsibly.
to be honest, after seeing the experiences shared by the OP, I am more and more convinced that big wins and good fortune will come to me sometime in the future, even though I have spent a lot of money before.
and I'm sure, luck will come.
full member
Activity: 2576
Merit: 205
March 09, 2023, 11:10:25 PM
You only share your good news, not your gambling strategy, I hope newbies won't get hooked with this type of news and start developing some kind of unrealistic dream, makes sure you know what you are doing and gamble responsibly with the amount you are ready to lose. Avoid getting addicted to gambling by all means.
It's okay if he just shares the good news he experienced with us.
Maybe he wants to show that he is a very lucky gambler so he can win and get a lot of money.
and sharing does not hurt anything or anyone , unless he is luring us to follow his bets then that would be something different from what we are reading here.
Quote
If that happens to some of us, maybe we will also share it with others, which is natural.

I will as well  Grin but sad that I am not that lucky like what OP is.

Quote
And let's hope this doesn't trigger people to try what the OP did because at least people need more money to bet and have high chance of winning.
And it will not be owned by everyone, even though experienced gamblers.
but what's wrong in following what OP did? he only bet 300 dollars in which for some of us is normal amount to use as bet in our gambling activities?
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