Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!

[mak013]

It is your point of view. But it doesn`t mean that all other gamblers think the same. I don`t want to say that you is mistaken, but there are different strategies.
I saw how gamblers won with the odd 100, but they bet from $20 to $100. Here we see how someone bet big money to get small but stable profit. Here he mistakes but we can`t say that he lost all his money or that his strategy is bad - we just don`t have enough information.

People do really love on drawing out some conclusions on which it would really be just that normal. Even though we dont know the entire story or even do know that someones bankroll then we would be able to assume that the certain gambler is really that broke up or have lost it all. Its really just that too wrong that someone would really be having those kind of words that it is a bad strategy but same as you said that it would really be that impossible for someone to make out some decisions without having those kind of considerations about on the risks involved. 1.01 odds isnt something that you could really be that able to see yourself to be an opportunity to make money. It isnt really just that worth of the risks on making out such million of amount in terms of bets. If someoen could be able to afford such thing then just let them be.

It is really just that not likely they arent aware on the risks involved. Its never been that worth on having those kind of risks bets into and odds on which is really that considered lowest. 100% winning
bet doesnt exist and there's always that chance or odds that upsets could happen. If someone is really that having those kind of bets into that kind of amount with those specific odds then it do really
shows that he's really that too confident with that but well shit things happen and no matter how it is heavily favorited but doesnt mean that someone cant lose. Always
bare up with this into your mind and thats why im not really that confident on doing some all in bets.

To understand what he thought about we must bet ourselves at least one million. And even after it i don`t sure that we will think the same. If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

[khaled0111]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

[Fivestar4everMVP]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

Well, one sure thing with gambling, or betting rather; is that, even a thorough research or analysis before placing that bet does not guarantee that you will win, it only maybe increases your chances by tiny bits, which means that, you are more sure of what you are doing, much better than the person who is just guess-betting.

So, even if the gambler in question did a research before placing this bet, there was no guarantee of winning, which is what several gamblers sometimes fail to understand.
If every gambler will understand that there are no guarantees in gambling/betting, maybe we all will learn to bet or risk only the amount of money we can afford to lose, and nothing more.

[mak013]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

I agree with you with the main part. But have to mark that there are situation when the casino mistaken. It is true mostly for low leagues with bet limits and casino mostly make a return of the bet, but i`ve got tasty odds and win on such events.
Here i don`t think that there is a chance of a mistake, but i meant that i will try my best to be sure that it is impossible to lose such money.

[topbitcoin]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

I agree with you with the main part. But have to mark that there are situation when the casino mistaken. It is true mostly for low leagues with bet limits and casino mostly make a return of the bet, but i`ve got tasty odds and win on such events.
Here i don`t think that there is a chance of a mistake, but i meant that i will try my best to be sure that it is impossible to lose such money.

Yes we can assume that it's a mistake or even intentionally made by the casino itself to make bettors confident in the possibility of winning, but basically we don't know how to verify that about the casino with its research, the lower leagues are more difficult to predict in my opinion, unless you really understand the team that is competing compared to the betting provider itself, maybe you will be more able to take advantage of the opportunity.

$1 million is a lot of money, it might even take us a long time to collect it, I also can't lose that much money in betting, but it's subjective about the risk each bettor takes.

[EarnOnVictor]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

You are wrong with this disposition bro, first, no gambler would go for a very low odd if they are not certain about the betting, and even with the bookies to have offered that kind of low odd means that they knew it is almost certain that the bettor would win. Now, the gist is that even if the chance is high in any bet, perhaps, the bettor has a 99.5% chance of winning, we should never still undermine the disaster that the remaining 0.5% chance of losing could cause. That was what I believe played out in the unfortunate experience of the guy.

Another reason for you not to find an excuse for him is that no one can commit a whole $1.4m to a bet and not be certain of his betting, it's money we are talking about. Lastly, it's a misconception to say that odds cannot be lower than 1.01, have you tried all casinos/sportsbooks in the world?

[Odusko]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

When it comes to gambling, whether or not the gambler carry out any form of research before placing the bets is not important and that is what makes the big difference if the gambler depends on just luck even though he has made a lot of game's analysis, this is why sometimes, analysis seems to be worthless and only luck can give the winning, this is very important because at some point we have all experience a similar loses even though we made a lot of analysis, their will fail at some point and when that happens, luck becomes the only considerable factor to determine who wins and who lose.

Like in the case of this gambler, for him to have committed such an amount of money on the bet it show's that he have a lot of analysis about the games and looking at the odds you should know that he did have such plans as winning by all means, but luck was ont on his side that day so he lost the entire amount.

[khaled0111]

..

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

[Wakate]

It`s money management. If you want not only to play for process, for emotions but win - you must have strategy and follow it. Here we just see one big lose but we don`t see the full result. May be he made more than 1000 success bets with such odds and it means that his strategy is ok. I`ve seen how guys tried to catch odd 100 and i saw how they won.
As for me - i prefer make the same bet for all matches i analyzed and it depends on my "bank" - the sum i use for gambling. There are some other details, but it is just an example of strategy.

Making more than 1000 successful bets doesn't sound plausible even with such small odds. At least for me, a strategy with such low odds was almost always ineffective, as losses occurred much more often than expected. For example, 2 losses per 100 bets with such odds were not uncommon in my case.

Risking a wooping sum of 1.4 million dollars on a bet is quite crazy and somewhat unbelievable, but since we know from experience how crazy some gambler's can be with amount they stake on bet make us to believe this story and for that we need to clarify what our stance will be if we are find ourselves in such a position at to take the next bet, for me I won't risk any amount that higher than $500 on a single bet regardless what the odds may be, I know in this situation, the gambler was tempted to splash such a huge amount of money on the bet because of the promising odds, but not knowing that odds are not a guarantee when it comes to Gambling.
Between I hope the gambler won all the entire 1.4 million from his previous bets because that is the only way he can have some level of relief from this big lose.

I am not always eager to use free or paid predictions because I know their is nothing like sure odds or predictions. Nothing is that sure until we see the outcome. Some people can still argue till the core but every man with his own problem and it is good we take lesser risk when it comes to gambling and we should not be too greedy because that could have severe effects on us. Their are gamblers that don't calculate their risk to reward ratio and they are always ready to take more risk because they always think that taking risk will always be profitable for them and if they have earned from similar risks taken, they will think that more risks equal to more profits.

[Fivestar4everMVP]

..

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

Generally, you are absolutely right with what you have said, specially the first part which talks about the possibility to lose as long as chances of winning is not 100 percent, this is exactly the same thing I tried to point out in my previous comment on this thread before this very one, but I remember it was also on the basis of research.
There are no games in gambling with 100 percent assurance of winning, no matter how simple, some people allow themselves to get carried away when they see that a small football club Is playing against a big and stronger football club, they view such match as an easy win for the big and stronger football club which often times it's the case actually, but then we face reality, both of this clubs have almost equal chances of either winning or losing that match, and gamblers allow themselves to get carried away with believe that it's a 100 percent easy win for the big and stronger club.

And moving on to the second part of your comment, bud, yeah, our money is our money and no one has a right to judge what we do with it, you are kind of wrong with this statement though.
If you launder your money and you are caught, you will be judged, and even imprisoned for it.
If you spend your money unwisely, people will judge you, and call you a fool - as a matter of fact, people have a right to judge you if you do not spend your money well.

[Silberman]

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

One of the issues I have with many people is that they are always looking for a sure thing, not realizing this does not exist, even an activity as harmless as getting out of bed still has a risk, as a person may fall and break a bone or two, so many people gamble by taking those kind of low odds thinking there is no way they are going to lose, and when this inevitably happens they may even claim they were scammed, when the truth is that they were simply unlucky.

[rachael9385]

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

One of the issues I have with many people is that they are always looking for a sure thing, not realizing this does not exist, even an activity as harmless as getting out of bed still has a risk,

This is also the same reason why I have agreed that life is always risky, and most of the activities we do makes it more riskier. But we don't have to bother ourselves with it, that's why many of us always want to feel happy because they believed that one day they might not be opportuned to see the next day. However 1.4 million dollars to be lost on an odd lower than 1.01 odd is like a wise man that ended up dieing at a foolish man's yard. The gamber that lose over 1.4 million in the smallest odd thinks it's the best method to win, but what am still wondering is that how much does the gambler want to achieve with 1.4 million dollars on 1.01 odd?

[mak013]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

I agree with you with the main part. But have to mark that there are situation when the casino mistaken. It is true mostly for low leagues with bet limits and casino mostly make a return of the bet, but i`ve got tasty odds and win on such events.
Here i don`t think that there is a chance of a mistake, but i meant that i will try my best to be sure that it is impossible to lose such money.

Yes we can assume that it's a mistake or even intentionally made by the casino itself to make bettors confident in the possibility of winning, but basically we don't know how to verify that about the casino with its research, the lower leagues are more difficult to predict in my opinion, unless you really understand the team that is competing compared to the betting provider itself, maybe you will be more able to take advantage of the opportunity.

$1 million is a lot of money, it might even take us a long time to collect it, I also can't lose that much money in betting, but it's subjective about the risk each bettor takes.

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

When it comes to gambling, whether or not the gambler carry out any form of research before placing the bets is not important and that is what makes the big difference if the gambler depends on just luck even though he has made a lot of game's analysis, this is why sometimes, analysis seems to be worthless and only luck can give the winning, this is very important because at some point we have all experience a similar loses even though we made a lot of analysis, their will fail at some point and when that happens, luck becomes the only considerable factor to determine who wins and who lose.

Like in the case of this gambler, for him to have committed such an amount of money on the bet it show's that he have a lot of analysis about the games and looking at the odds you should know that he did have such plans as winning by all means, but luck was ont on his side that day so he lost the entire amount.

In my country there are interesting words about gaming: "There are 2 kinds of players. First think that it is silly to pay huge money for gaming. Second think that it is silly to think that such sums are huge."

For the main part of the gamblers it is huge money. But just suppose, that it is like to bet $5-1$0. The sum that willn`t be critical for you and you can make about 5-10 such bets per day. After it think about his strategy.

Of course i can`t say that it is true. It is just one example how he can think and bet.

[EarnOnVictor]

..

Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone  can be that unfortunate guy.

Sadly, I view it as the opposite and I've checked again through my direct reply to your post that I quoted to ascertain the same view as I perceived it the last time. But it's nothing, we can move past that.

Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.

I never said it's not his money and I know that anyone can do whatever they like with their money, but let us be reasonable about it. Regardless, the content is all about refuting a point that the person wagering as high as $1.4m may not do any research, who does that? No one would ever want to throw such a huge money away like that even if he is a billionaire.

[bitcampaign]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

In my opinion, no, in fact it will take a long time if someone resets it first when they want to place their bet, because they will use their lucky method every time they place a bet, because it is very rare for a gambler to reset something or a bet, even so do I, maybe there are only a few people who do that.

[delfastTions]

If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.

There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.

In my opinion, no, in fact it will take a long time if someone resets it first when they want to place their bet, because they will use their lucky method every time they place a bet, because it is very rare for a gambler to reset something or a bet, even so do I, maybe there are only a few people who do that.

By the way, it is quite possible that someone can afford to place bets in an amount comparable to the lifetime earnings of an ordinary person, or even ten people in their entire lives.  At the same time, of course, such a game is simply like a blow to the psyche of such a player with a bat.  In my opinion, the emotions at such a bet are very strong and such a risky player is actually looking for such emotions.  And he finds them.  And imagine how he feels if he loses.  It is difficult for me to appreciate such experiences of a rich player simply because I myself have never played with gigantic stakes that can simply completely turn a person’s life upside down.  And of course, I always adhere to the principle that you can only afford to lose those amounts that will not significantly affect your life needs and your family members too.

[letteredhub]

It is your point of view. But it doesn`t mean that all other gamblers think the same. I don`t want to say that you is mistaken, but there are different strategies.
I saw how gamblers won with the odd 100, but they bet from $20 to $100. Here we see how someone bet big money to get small but stable profit. Here he mistakes but we can`t say that he lost all his money or that his strategy is bad - we just don`t have enough information.

People do really love on drawing out some conclusions on which it would really be just that normal. Even though we dont know the entire story or even do know that someones bankroll then we would be able to assume that the certain gambler is really that broke up or have lost it all. Its really just that too wrong that someone would really be having those kind of words that it is a bad strategy but same as you said that it would really be that impossible for someone to make out some decisions without having those kind of considerations about on the risks involved. 1.01 odds isnt something that you could really be that able to see yourself to be an opportunity to make money. It isnt really just that worth of the risks on making out such million of amount in terms of bets. If someoen could be able to afford such thing then just let them be.

It is really just that not likely they arent aware on the risks involved. Its never been that worth on having those kind of risks bets into and odds on which is really that considered lowest. 100% winning
bet doesnt exist and there's always that chance or odds that upsets could happen. If someone is really that having those kind of bets into that kind of amount with those specific odds then it do really
shows that he's really that too confident with that but well shit things happen and no matter how it is heavily favorited but doesnt mean that someone cant lose. Always
bare up with this into your mind and thats why im not really that confident on doing some all in bets.

Basically, what I do draw from how different people explain, give opinion or make conclusions about a story is that they do so base on their slef limitations whereby they fail to be objective that the other individual in the story could be more than what they think he is. And much of these opinions could have risen with Drake's story with how he keeps losing hundreds and millions of dollars to wrong bets but because Drake is a well popular personality they tend to judge him different of being able to afford to lose whatever amount he uses to gamble and less it. So what am saying in essence is that, people can only make assumptions about people's loss and the amount use to be either too big or small for the person only base on how much they think they are aware of his networth. They always make wrong conclusions when it's otherwise.

[TopTort777]

How many more posts of discussion of one persons stupidity and greed? I guy has won the first prize in being unlucky. I definitely wont even think about placing such a huge bet, even if I would be sure in prediction. I see no reason why a person should bet so much. There are plenty of more cheap ways to get an adrenaline.

[EarnOnVictor]

How many more posts of discussion of one persons stupidity and greed? I guy has won the first prize in being unlucky. I definitely wont even think about placing such a huge bet, even if I would be sure in prediction. I see no reason why a person should bet so much. There are plenty of more cheap ways to get an adrenaline.

It's obvious that money is not the issue of this guy, regardless, he should have kept that adrenaline in check.

Perhaps this is not the first time he has taken such a risk and got away with it. Perhaps the low risk and high chance of winning the bet clouds his judgment. Perhaps, the intoxicant in his system has infested his right reasonings. There are many perhaps that can be attributed to this, but one this that is certain is that the guy acted stupidly.

No matter what happens, an amount as huge as $1.4 million for a mere earning of 0.008 ($11,200) gain is not just worth the risk.

[mak013]

How many more posts of discussion of one persons stupidity and greed? I guy has won the first prize in being unlucky. I definitely wont even think about placing such a huge bet, even if I would be sure in prediction. I see no reason why a person should bet so much. There are plenty of more cheap ways to get an adrenaline.

It's obvious that money is not the issue of this guy, regardless, he should have kept that adrenaline in check.

Perhaps this is not the first time he has taken such a risk and got away with it. Perhaps the low risk and high chance of winning the bet clouds his judgment. Perhaps, the intoxicant in his system has infested his right reasonings. There are many perhaps that can be attributed to this, but one this that is certain is that the guy acted stupidly.

No matter what happens, an amount as huge as $1.4 million for a mere earning of 0.008 ($11,200) gain is not just worth the risk.

All of us decide themselves how to risk. For this gambler it would be better to risk with odds about 1.2 - the chances would be the same, the profit higher. But it is my opinion. I think that he is clever enough if has an opportunity to bet $1.000.000. So i sure that he has some strategy unknown for us. The only thing we can be sure - that time he lost.