For those thinking some bets are safe, read this

[reactorjuno]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

[bitmover]

Of course, there is nothing as a safe bet. There are low risk bets, which is the case however.

But even if the risk is low, things may go different than you expected and you may lose money. That's why it is important not to gamble more than you can afford to lose.

[ethereumhunter]

It seems I cannot load the site because it's an error in my pc.

It is why we must know about the risk in gambling, and no matter is safe, there will be a risk inside the gambling game. But this could prevent by using the money you can afford so you know when you need to stop. Better to end the game while we still have money than we are losing all the money.

[reactorjuno]

It seems I cannot load the site because it's an error in my pc.

It is why we must know about the risk in gambling, and no matter is safe, there will be a risk inside the gambling game. But this could prevent by using the money you can afford so you know when you need to stop. Better to end the game while we still have money than we are losing all the money.

The page should be accessible with a VPN. It says a horse won at odds of 1000/1.

For those who don't understand betting, it means this horse had 1 chance out of 1000 to win the race, and the horse won by an inch or so. I don't know if the horse had 3 legs or what (joking) but it is an incredible story.

To be fair, the odds of winning at the lottery are even much much higher and some random folks win it (or perhaps it does not happen, some fake stories to advertising the lotteries, you just never know).

[omonuyak]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

"no bet is ever safe" but this is too high for me 1000/1 is just pure looses and I believe we could not just close our eyes and throwing away money. 

[avikz]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

Gambling and betting is itself a risky venture so every gambler know this fact that there is nothing called safe bet. There is low risk bets where gamblers can limit their losses. For you example, the odds were 1000/1 which can be easily lowered and made this bet a low risk one. In gambling, nothing is really safe and that's the reason why gambling should never be considered as a method of making money.

[crwth]

Gambling and betting is itself a risky venture so every gambler know this fact that there is nothing called safe bet. There is low risk bets where gamblers can limit their losses. For you example, the odds were 1000/1 which can be easily lowered and made this bet a low risk one. In gambling, nothing is really safe and that's the reason why gambling should never be considered as a method of making money.

The risk that gamblers make should be accepted in their mind and emotions. I agree that there is nothing called as a safe bet or anything sure. If someone offers you something like a promise to have a profit in the short term, it's definitely a scam. There's nothing safe if you want to profit. I think everyone should follow what you're saying. Low-risk bets are definitely okay, and you will still earn in the long run.

[cabalism13]

No bet is ever safe.

Actually there is and that is if you're cheating. A professional gambler always does that. They always think about the odds and how they will win but still there are chances that has to be made even if its illegal. The only case for this is for not being caught, because if they we're... They're gonna be a dead man walking already.

[hubballi]

You are talking about Horse Race which is also one type of casino gambling, and this type of winnings happen once or twice in 100 or 1000 games, so you cannot point out on this type of bet and say risky is bad. If anyone bets on 1 % chance of winner is also not good,

[AB de Royse777]

The risk that gamblers make should be accepted in their mind and emotions.

There is always risk in betting. Even in a football match a team behind 3 goal at 85th minute can draw, in cricket last wicket needs more than 100 run can win the game. Nothing is certain when it comes to gambling.

Talking about match fixing? That's another subject. You won't even know when where and how it's happening unless you have valid connections.

[Pffrt]

I can remember one of my unluckiest lose in Cricket world cup 2011. The match was between England and Ireland. I placed bet for England from the beginning. After having a 328 runs by England, I placed some more. But I was not in favor of my luck that. Ireland won the match after losing 5 wickets, afair.

[Betwrong]

It seems I cannot load the site because it's an error in my pc.

It is why we must know about the risk in gambling, and no matter is safe, there will be a risk inside the gambling game. But this could prevent by using the money you can afford so you know when you need to stop. Better to end the game while we still have money than we are losing all the money.

The page should be accessible with a VPN. It says a horse won at odds of 1000/1.

For those who don't understand betting, it means this horse had 1 chance out of 1000 to win the race, and the horse won by an inch or so. I don't know if the horse had 3 legs or what (joking) but it is an incredible story.

To be fair, the odds of winning at the lottery are even much much higher and some random folks win it (or perhaps it does not happen, some fake stories to advertising the lotteries, you just never know).

What I can't understand is that how can someone risk $1,000 in order to win, although with high probability, just $1. But I do understand people who are betting the other way around, and I'm really glad for them that they have won this time. It's gambling ffs, anything can happen and nothing is guaranteed here! Those who can't comprehend it lose big time eventually.

[milewilda]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

No bet is really safe when it comes to Gambling world. Even it would count as 1 chance out of a million then there still risk on lossing even you do believe that is impossible for that
situation to hit up. Anything can happen and even on a very very low odds it can turn upside down and broke/shook all bettors. This is why its called gamble.

[leowonderful]

There's never, ever going to be a safe bet or gamble (as risk is implied in all gambling), and there are also times when the R/R (Risk/Reward) just doesn't make sense, like with this bet where the odds were leaning so heavily towards one horse. This is also why it's a good idea to have a plan to manage your bets by making each bet at or below a certain percentage of your bankroll to manage the risk-to-reward of a bet and to ensure you don't lose your entire balance on a few bets. Traders do something similar in their trades to minimize risk, especially with leveraged crypto trading, and this also works for betting to some extent.

[Dreamchaser21]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it  

"no bet is ever safe" but this is too high for me 1000/1 is just pure looses and I believe we could not just close our eyes and throwing away money.  

You can see too much greed on the part of the gambler since you can see the level of chance to win on this one is almost zero and yet they still choose to bet at a higher value. Well, this is what gambling is all about there is really no safe money in gambling because everything is in risk and if you’re greedy enough to gamble on this kind of situation, you can expect that your money will lose.

[Barcode_]

I have also seen some gamblers playing the dice game with a 98% win chance setting sometimes and they would usually place a huge amount on every rolls they made, it might seems as a safe bet in some people views. But in reality, they still stand a small chance to lose the bet even if it might seems unbelievable, I wonder why does some people still believe in bets that are safe, if this sort of bets truly exists in the first place, I believe all of the casinos would surely cease their operation after a few months time.

[semobo]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

There are lot of people who love to take risk at any extend so this is just normal in gambling when people believe that they are extremely lucky.But I won't go to too much of risks increasing the level will make our money to be lose so ot depends.

[Oceat]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it 

There are lot of people who love to take risk at any extend so this is just normal in gambling when people believe that they are extremely lucky.But I won't go to too much of risks increasing the level will make our money to be lose so ot depends.

Some bets are pure speculation which somehow is promising in the eyes of any gamblers and there are some who really loves to risk due to their guts telling. Either way, what we choose nobody will ever predict the outcome no matter what analysis we do and that risk is still there.

[virasog]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it  

Yes, no bet is safe but it the matter of how much risky is the bet. The example you mentioned is a rare one. In normal circumstances it is better to choose safe bets on which chances on loss are less but still you never know, anything can happen in the best. Even you can lose the most safest bets.

[reactorjuno]

Please read this
This was a horse racing market, which a total of 249 british pounds layed at odds of 1000/1. That means a total loss of 249,000 (of course it was not a sole bettor but the total of them betting against this horse).
No bet is ever safe.

For the record, those who layed Leicester to win the Premier League back in 2015 felt the pain too. Some wisdom to learn from it  

Yes, no bet is safe but it the matter of how much risky is the bet. The example you mentioned is a rare one. In normal circumstances it is better to choose safe bets on which chances on loss are less but still you never know, anything can happen in the best. Even you can lose the most safest bets.

It is all about value.

If you think the odds of 1.50 are worth 1.40 in your reality conception, then it is worth a stake. If it just like in real life, we say supply and demand set a perfect price for goods and services, but you will never pay $5 for a piece of bread if you can find the same good quality bread for $1.50, so the same applies here.

Same of course in the stock market where prices are said to be a perfect representation of reality (efficient market).