The Biggest Wins with lowest risks in Casino History

[Distinctin]

if we will pay attention to our activities in gambling , the pattern always go one way and that is for the operator to take our money and we only have small amount of chance in taking theirs.

Yes.. you actually have a point there, because examining the nature how gambling actually works, you will definitely noticed that the chances of losing is always highder (99.9%) than that of winning (0.01%) a game, which is why those who manage to win, are always rewarded not minding the amount used in gambling

With gambling luck is the prime factor. Every form of gambling have an edge favouring the gambling house. So, the winning chance of the gambler will be always low against the winning of the house. For this reason those wins out of small bet amounts and making biggest wins were really historical.

Math says that everything is possible. Of course the casino always win, but every  gambler has a chance to win casino. If it wouldn`t be so - no one would gamble. Casino wins for a long distance and in the moment the gambler can catch jackpot. Of course it is very rare situation, but every gambler think that he can be the next winner - it helps casino to get money.

If there's a house edge, especially big house edge, your only chance to win is if you are extremely lucky. You cannot expect a consistent winning in a casino if there's a house edge because it will always favor the house, that's why some gamblers just hope to win the jackpot so they could enjoy big money and if they'll quit afterwards, then they are in a profit.

However, if we look at the bigger picture, most gamblers losses money while casinos are a growing industry.

[danadc]

if we will pay attention to our activities in gambling , the pattern always go one way and that is for the operator to take our money and we only have small amount of chance in taking theirs.

Yes.. you actually have a point there, because examining the nature how gambling actually works, you will definitely noticed that the chances of losing is always highder (99.9%) than that of winning (0.01%) a game, which is why those who manage to win, are always rewarded not minding the amount used in gambling

With gambling luck is the prime factor. Every form of gambling have an edge favouring the gambling house. So, the winning chance of the gambler will be always low against the winning of the house. For this reason those wins out of small bet amounts and making biggest wins were really historical.

Math says that everything is possible. Of course the casino always win, but every  gambler has a chance to win casino. If it wouldn`t be so - no one would gamble. Casino wins for a long distance and in the moment the gambler can catch jackpot. Of course it is very rare situation, but every gambler think that he can be the next winner - it helps casino to get money.

If there's a house edge, especially big house edge, your only chance to win is if you are extremely lucky. You cannot expect a consistent winning in a casino if there's a house edge because it will always favor the house, that's why some gamblers just hope to win the jackpot so they could enjoy big money and if they'll quit afterwards, then they are in a profit.

However, if we look at the bigger picture, most gamblers losses money while casinos are a growing industry.

I think the same, but there are players who think they can beat the system and everything points to always having good luck with success in their plays, and the casinos the advantage helps them a lot when a balance is made, be it in online casinos and in casinos in real life, these systems are very difficult to beat, what I have concluded is that the casinos leave some plays for the player to win and keep him there concentrated so that he continues putting money.If a person is not controlled, it is very easy to panic when they run out of money and this will lead to a direct path to addiction, that is the danger that is the order of the day.

[LUCKMCFLY]

But despite knowing that it depends on luck, gamblers continue to try. Naturally, if luck is not favor, their lose will increase over time which may exceed their winning money.

Despite of anything, the engagement with gambling will keep them coming back. They will keep on trying, hoping that one day luck will be there and will back them up to make a huge winning. We don't know how much exactly the amount of money those people lose first before they got lucky and made a jackpot.

It's not mentioned, but like what you said, each time you came back and try your luck, you lose more and you will keep coming back and try from time to time. We never know when luck will be there. The only thing you know is you are risking your money in the hope that you may win the jackpot and bring more money to your pocket.

This is very true, for me an occasional player can do all this, but when we go to real life, there are some of these types of players who work and always have a habit, of betting little to see if they have profits, or at least betting every day 5-10usd looking for luck, and there are some who can achieve a lot doing it, this is something that can be seen and noticed in some way, it is like those people who play a lottery number and hope that the same number wins , that is something that a friend goes and does all the time, he always plays 4 numbers in a lottery and he says that when he wins it he will buy a farm.


I would like this article to be read by active players, sometimes they give good advice, and we can find great advice here in the forum, but I find this article very good:

Best (and Worst) Odds?



Source: https://www.liveabout.com/get-an-edge-at-the-casino-by-knowing-which-games-have-the-best-odds-4582276

They are basic tips, and I really like what they say about slots, in reality sometimes we forget the basics and it is very important to remember it, especially when establishing a totally willing to lose balance, which for me is a management of balances that is essential since the decision to play in a casino is made.

[Freeveto]

Everyone knows that gambling is a combination of luck and skill, but how much control can you have over luck? Gamblers are spending thousands of dollars or more, what did we get in return? But there are many people in this world who spend very little but get a lot.
So I think people who don't have enough money should gamble with small amounts of money which would be comparatively less risky.
Do you have any memorable events where your expenses were very low but you got relatively high returns in casino gambling or any kind of Sports betting?

Definitely if a gambler knows exactly what he or she really doing, even with the little money you staked and with a continuous positive result one will be able to grow his/her account to become a thousand dollars and million dollars account on the run. Literally gamblers wants to win jackpot using a single game forgetting that consistent is one of the keys to becoming successful in anything you do and not just staking to become instant rich, and there lies the major while a people are unable to grow a small account into becoming a big account such like this ones.

[Dunamisx]

Everyone knows that gambling is a combination of luck and skill, but how much control can you have over luck? Gamblers are spending thousands of dollars or more, what did we get in return? But there are many people in this world who spend very little but get a lot.
So I think people who don't have enough money should gamble with small amounts of money which would be comparatively less risky.
Do you have any memorable events where your expenses were very low but you got relatively high returns in casino gambling or any kind of Sports betting?

Definitely if a gambler knows exactly what he or she really doing, even with the little money you staked and with a continuous positive result one will be able to grow his/her account to become a thousand dollars and million dollars account on the run. Literally gamblers wants to win jackpot using a single game forgetting that consistent is one of the keys to becoming successful in anything you do and not just staking to become instant rich, and there lies the major while a people are unable to grow a small account into becoming a big account such like this ones.

In this funny game between a gambler and the casinos i think everyone want to emerge a winner here, they were both in for business but to say the fact luck and skills determines who win along the line, i know for sure that that's no amount of win a gambler could make that will ever be enough to stop gambling, they will still continue in the game and likewise the operators will not want to place a winning prize they couldn't afford should in case a gambler wins, here everyone is playing safe just to provide a profitable fairness in gambling.

[Fredomago]

They are basic tips, and I really like what they say about slots, in reality sometimes we forget the basics and it is very important to remember it, especially when establishing a totally willing to lose balance, which for me is a management of balances that is essential since the decision to play in a casino is made.

The thing that you step inside casino makes you realize that you are gambling with luck, even you have good knowledge with the game if luck is not at your back you will still losing your capital, with that scenario, you already understand that without good management with your fund you are really at big risk of losing it all, and counting your daily wager from that timely manner even you stake small but the time winning the jackpot took so long, the amount is still low compared to all your wager or all your losses bankroll.

The good catch though, if you win big time you change a good lifestyle, it applies to those gamblers who know how to manage their finances as they can venture for more ways to earn passive from investments.

[Betwrong]

~
All the winners in the OP's example were spending from 30 cents to $50, not big money for anyone living in the West. So, it wasn't a "biggest risk", if you ask me.

This formula, "the more money you can potentially win, the higher the amount you have to put at risk", is true when you are betting on Red/Black in Roulette, but in slots and lottery, it doesn't work like that.

They spent small money, but we know just about money they used for winning. I think that they spent more money without winning. But you`re right about the risk, if we are talking about the bet. If we can know the chance of such a win for a such sum - the percent will be really scanty.

You mean, they spent more money than the jackpot amount? More than $18 million, or $40 million? I don't think so.

There are a lot of such cases among slot players. When they win, say, $1k, we all know that they have probably lost more than that previously. But with slots or lottery jackpots it's rarely the case. People normally don't have such money.

[panjul07]

~
All the winners in the OP's example were spending from 30 cents to $50, not big money for anyone living in the West. So, it wasn't a "biggest risk", if you ask me.

This formula, "the more money you can potentially win, the higher the amount you have to put at risk", is true when you are betting on Red/Black in Roulette, but in slots and lottery, it doesn't work like that.

They spent small money, but we know just about money they used for winning. I think that they spent more money without winning. But you`re right about the risk, if we are talking about the bet. If we can know the chance of such a win for a such sum - the percent will be really scanty.

You mean, they spent more money than the jackpot amount? More than $18 million, or $40 million? I don't think so.

There are a lot of such cases among slot players. When they win, say, $1k, we all know that they have probably lost more than that previously. But with slots or lottery jackpots it's rarely the case. People normally don't have such money.

It is possible lottery jackpot winners spent more than what they win.
We can simply make a simple calculation, lets say someone win $40m from the jackpot after so many years of buying tickets every single day.
Do not say that people dont have such money because actually it is a total amount for so many years.
It is indeed rare but is still possible to happen but I still believe that most lottery jackpot winners are in decent profit.

[Flexystar]

Oh my God that’s really really amazing to see! Now that is called as most luckiest gamblers from the history. It’s just impossible to agree on that they have actually gotten this much multiplier. Turning cents into multi millions of dollars? It’s just wow factor man.

I am not sure how algorithm played that day but I am pretty sure whole casino users might have lost huge bets to make these ones to win. Because house edge % and users % can not go this crazy. I gotta say they were at right time to press the roll button and grab it all.  

[erep]

It is possible lottery jackpot winners spent more than what they win.
We can simply make a simple calculation, lets say someone win $40m from the jackpot after so many years of buying tickets every single day.
Do not say that people dont have such money because actually it is a total amount for so many years.
It is indeed rare but is still possible to happen but I still believe that most lottery jackpot winners are in decent profit.

The list above is for the biggest win with the lowest bet so I'm not sure for your calculations above, I assume the capital calculation is under $100k for a $40 million jackpot win and some of them are pure jackpot wins without big capital, there should be a complementary article to explain the details of the capital that has been issued on the betting list above to avoid being over speculative. But the points above are rare and strange wins because no one can beat them and will determine the biggest jackpot win in gambling history with the lowest bet of all time.

[ethereumhunter]

I hope you know that it's not easy to buy a portfolio and it usually take time and lots of patience and consistency. Gambling to grow ones portfolio used to take time and good and experienced gamblers around that can help in making good decision that could make us lucky and able to make good profits from betting. For me, I think making good money from bets is majorly luck and strategy.

But many of them cannot be patient and consistent because they are tempted by the many offers given to them. This makes them more and more often deposit large amounts of money and continue to play until the money runs out and repeat it at another time. But indeed, luck and strategies can help us get a lot of money in gambling but unfortunately, not many of us can get it instead of losing a lot of money without us knowing it. And even though we use small money to play gambling, if we can't control ourselves, the result will be the same, we can spend a lot of money playing gambling and suffer losses.

[mak013]

~
All the winners in the OP's example were spending from 30 cents to $50, not big money for anyone living in the West. So, it wasn't a "biggest risk", if you ask me.

This formula, "the more money you can potentially win, the higher the amount you have to put at risk", is true when you are betting on Red/Black in Roulette, but in slots and lottery, it doesn't work like that.

They spent small money, but we know just about money they used for winning. I think that they spent more money without winning. But you`re right about the risk, if we are talking about the bet. If we can know the chance of such a win for a such sum - the percent will be really scanty.

You mean, they spent more money than the jackpot amount? More than $18 million, or $40 million? I don't think so.

There are a lot of such cases among slot players. When they win, say, $1k, we all know that they have probably lost more than that previously. But with slots or lottery jackpots it's rarely the case. People normally don't have such money.

Nope. I mean that even in the day they won, they bet several times. And it was not only one day i think. So i don`t sure that it is correct to say that someone won $18 million for 30 cents. He bet much more times to win.
Of course not millions but i`m sure that it was not less few thousands usd.

[delfastTions]

I would like to draw your attention to the fact that in order for the winnings to be colossal - millions of dollars, this amount should be taken somewhere. 
And you can take it from those people and players who lost some amount, of course, not millions, but ten or a hundred dollars. 
And at the same time there should be thousands or tens of thousands of such players.  And they all lost. 
And only one lucky winner won. 
So it's such a huge win - it's achieved by the game of a lot of people and it's built on the sadness of all the losers.  It's like two opposites collide here. 

But, I will not go further into philosophy

[gunhell16]

Everyone knows that gambling is a combination of luck and skill, but how much control can you have over luck? Gamblers are spending thousands of dollars or more, what did we get in return? But there are many people in this world who spend very little but get a lot.

Name           Spend        Winning Reward           Casino Name                               Year           
 
Archie Karas   $50         $40 million                  Las Vegas casinos                    1995         

anonymous      $3         $38.7 million          Excalibur hotel-casino,Las Vegas       2003

anonymous     $17         $22 million             Napoleon Sports & Casino               2021

Jon Heywood   30 cents      $18 million                  Mega Moolah jackpot            2015   

https://www.europeanbusinessreview.com/the-biggest-wins-in-casino-history/

So I think people who don't have enough money should gamble with small amounts of money which would be comparatively less risky.

Do you have any memorable events where your expenses were very low but you got relatively high returns in casino gambling or any kind of Sports betting?

I have an experience that I will never forget in a crypto gambling that I played in which my capital was very small and I played it in a casino game that I combined with self-discipline and self-control just to grow the small capital to bet on the game. And I did it right and I made money in one week playing with only 45 dogecoin investments I grew it and made it to 1680 dogecoin, which every day when I shave the goal target I will stop immediately.

Although there are times when there is a bit of time that I often lose, if I don't get carried away by my misuse of emotions, I recover little by little, actually, until now I still do that method, that's why it's not like that anymore I'm getting a lot of money playing crypto gambling.

[Betwrong]

~ There are a lot of such cases among slot players. When they win, say, $1k, we all know that they have probably lost more than that previously. But with slots or lottery jackpots it's rarely the case. People normally don't have such money.

It is possible lottery jackpot winners spent more than what they win.
We can simply make a simple calculation, lets say someone win $40m from the jackpot after so many years of buying tickets every single day.
Do not say that people dont have such money because actually it is a total amount for so many years.
It is indeed rare but is still possible to happen but I still believe that most lottery jackpot winners are in decent profit.

Alright, let's estimate then. The price of a lottery ticket is $2. Let's suppose someone's buying a ticket every single day for as long as 30 years.

$2×365×30=$21,900

See, it's far from being $40 million. And even if he/she pays $3 for a ticket, and will be buying a ticket every single day for as long as 50 years

$3×365×50=$54,750

It is still very far from what they get with winning a Jackpot.

~

Nope. I mean that even in the day they won, they bet several times. And it was not only one day i think. So i don`t sure that it is correct to say that someone won $18 million for 30 cents. He bet much more times to win.
Of course not millions but i`m sure that it was not less few thousands usd.

Maybe. But a few thousand is still much closer to 30 cents than to $18 million, isn't it?

[mak013]

~

Nope. I mean that even in the day they won, they bet several times. And it was not only one day i think. So i don`t sure that it is correct to say that someone won $18 million for 30 cents. He bet much more times to win.
Of course not millions but i`m sure that it was not less few thousands usd.

Maybe. But a few thousand is still much closer to 30 cents than to $18 million, isn't it?

It depends on how we decide to count.
($3k/30 cents) = 10.000 and ($18kk/$3k) = 6.000
But i agree with you that anyway it is really big win for all these men. The same time much more men just lost these several thousands usd. These wins often used by casino to attract new gamblers and big part of them think that he can be this winner. And lose all their money.

[erep]

snip
But i agree with you that anyway it is really big win for all these men. The same time much more men just lost these several thousands usd. These wins often used by casino to attract new gamblers and big part of them think that he can be this winner. And lose all their money.

You are right, not even the calculation is comparable to the biggest win even if someone has gambled for 5 years, the simple calculation above has even proven that he only spent +$54k for 5 years, so the above win is very rare even in the future the list of records above remains and impossible to be surpassed.

[BobK71]

snip
But i agree with you that anyway it is really big win for all these men. The same time much more men just lost these several thousands usd. These wins often used by casino to attract new gamblers and big part of them think that he can be this winner. And lose all their money.

You are right, not even the calculation is comparable to the biggest win even if someone has gambled for 5 years, the simple calculation above has even proven that he only spent +$54k for 5 years, so the above win is very rare even in the future the list of records above remains and impossible to be surpassed.

The above wins are really awesome. There is also doubt as to whether such a victory is attainable at present. But I believe some people who wins these reward probably much rich today and some may lost more gambling than they earn. I tried many times myself but my luck did not favor on me. So I don't believe in that kind of lottery gambling. I am comfortable with sports betting even though the returns are relatively low.

[South Park]

Oh my God that’s really really amazing to see! Now that is called as most luckiest gamblers from the history. It’s just impossible to agree on that they have actually gotten this much multiplier. Turning cents into multi millions of dollars? It’s just wow factor man.

I am not sure how algorithm played that day but I am pretty sure whole casino users might have lost huge bets to make these ones to win. Because house edge % and users % can not go this crazy. I gotta say they were at right time to press the roll button and grab it all.  

It is incredible what happens to some people and the luck they can have, however that is all there is to it, even if something is very unlikely if you give it enough time it would happen, not only that because the results are random someone could win a huge prize on their first opportunity they try their luck with gambling, while there are people out there that have gambled for decades and never got those kind of results, so while interesting at the same time there is not much we can learn from it.

[milewilda]

Oh my God that’s really really amazing to see! Now that is called as most luckiest gamblers from the history. It’s just impossible to agree on that they have actually gotten this much multiplier. Turning cents into multi millions of dollars? It’s just wow factor man.

I am not sure how algorithm played that day but I am pretty sure whole casino users might have lost huge bets to make these ones to win. Because house edge % and users % can not go this crazy. I gotta say they were at right time to press the roll button and grab it all.  

It is incredible what happens to some people and be luck they can have, however that is all there is to it, even if something is very unlikely if you give it enough time it would happen, not only that because the results are random someone could win a huge prize on their first opportunity they try their luck with gambling, while there are people out there that have gambled for decades and never got those kind of results, so while interesting at the same time there is not much we can learn from it.

Some people do called it beginners luck but eventually this is really something that do pertains about on how lucky a certain person is.Doesnt matter if he's a long time player or not
but whenever we do step on the game and then won significant amounts then it would be totally in random unless if we are talking about strategic games on here then it would really
be entirely be different but in overall if we do speak about gambling then it all matters about luck.Instances on hitting big wins with low risk bets are indeed true and real
which those things does have the odds or chance could really make someone do able to do so if you are that extremely lucky.