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

[Hamphser]

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

If he had billions then this wont really be that an issue if he would ever to be that desperate on taking back those $1.4M loss but it would really be that unlikely i should say because even how much money you do

have, if you do have the past experience on losing even on 99% winning rate then pretty sure that you would really be having those doubts again on making some all in on a particular bet or simply you had just
learned your lesson and we dont know the financial capacity of this gambler or bettor but on the situation where he could make out bets on million dollars on a single line then we can really say that this
man is a rich guy and there's no doubt on that but we dont know on what are the next steps that he would do.

[dothebeats]

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

That is if he got that much money to risk in the first place. Someone betting a million dollars in exchange for almost $11k is someone who's still in need to grow whatever they have. If he is the type of person that has more than a hundred million sitting there, for sure he wouldn't really risk that much in order to gain some chump change. Maybe he thought that it's an easy $11k and he could use the proceeds for whatever reason he might need, but didn't see that the game wouldn't turn out as was stated by the odds.

If anything, this event might even force him to not bet for a long time and think twice about those 'sure win' odds.

[Zackgeno96]

It's only a matter of time before something like this goes wrong. I get the idea, if you bet 1.4 million and you win, then 1,008 of this amount is a significant portion. Nice profit you would think, but it's only a matter of time before things go wrong and then you lose your entire bankroll. annoying that it is such a high amount, but a 1.008 or 1.01 bet is certainly not a sure bet, it can still go wrong. You have to calculate such risks, something like this can happen in all sports. Football matches such as Germany - San Marino can also go wrong.

[Fredomago]

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

If he had billions then this wont really be that an issue if he would ever to be that desperate on taking back those $1.4M loss but it would really be that unlikely i should say because even how much money you do

have, if you do have the past experience on losing even on 99% winning rate then pretty sure that you would really be having those doubts again on making some all in on a particular bet or simply you had just
learned your lesson and we dont know the financial capacity of this gambler or bettor but on the situation where he could make out bets on million dollars on a single line then we can really say that this
man is a rich guy and there's no doubt on that but we dont know on what are the next steps that he would do.

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

[Wiwo]

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

One point I did not get clear with ops situation is the way the 1.4 millions total lost was accumulated because from the look of thing, ops could not have place bet with the total amount mentioned in the ops.
It could be a total accumulated loses within a long period of time bit definitely if it the other way around then the gambler must be a whale and a big bag holder to have wagered such a huge amount in one bet, and am sure if that is the story then ops must have made a lot of winning previously to have developed the motivation to stake such big amount at once.

[BitDane]

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

I guess it is the first one where he has done this kind of thing and always paid off.  But unlucky, this time when he tried to do the same strategy, he failed miserably since the team he thought is a sure win was beaten after the opponent catch up and win.

This is indeed a rare situation, where a team leading by 27-0 will be beaten at the end of the game by 1 point 31-30. 

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

One point I did not get clear with ops situation is the way the 1.4 millions total lost was accumulated because from the look of thing, ops could not have place bet with the total amount mentioned in the ops.
It could be a total accumulated loses within a long period of time bit definitely if it the other way around then the gambler must be a whale and a big bag holder to have wagered such a huge amount in one bet, and am sure if that is the story then ops must have made a lot of winning previously to have developed the motivation to stake such big amount at once.

It wasn't accumulated, the article stated that the person put a 1.4m bet when the losing team was leading with a score of 27-0 then the winning team made a epic comeback with 31-30 win.  The bet is 1 time bet of 1.4m.

[yahoo62278]

The game looked over at halftime. I myself went to bed and woke up amazed at what happened in the 2nd half.

The lesson to be learned here is nothing is ever guaranteed.

[rdbase]

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

I watched and actually placed a bet on the game while it was at that point of them to lose but came storming back with a comeback of outscoring them 27-3 in the last quarter.
There was a player who put $32,000 worth in cryptocurrency for the same odds and lost it all on the sports casino I was on at the time.

It was an epic loss on there for him and I can not imagine how this guy felt after watching them drive down the field to score the game winning points.
Over a million dollars just on one match at nearly 1/1 odds is an unbelievable amount to lose.
But it happens time and time again over & over again since it feels and looks like a sure thing!

[Hamphser]

Wow. That is an absolutely massive amount of money to lose in hopes of making a 1% gain. I wonder how many times that gambler has thrown around giant sums of money to get an easy score. I also wonder if this will be the last time this is attempted or if they’re so rich that 1.4 million is just play money to them. This is a great tale though for gamblers who chase the easy victories. There are no sure bets.

My educated guess is that he must've done it in the past and it paid off, so he kept going. Or maybe it was just a drunk, impulse betting.

I wonder if he had an opportunity to make another 99% win-chance bet of $140 mil to recoup the lost $1.4 mil, would he do it? I'm pretty sure he would with little or no hesitation.

If he had billions then this wont really be that an issue if he would ever to be that desperate on taking back those $1.4M loss but it would really be that unlikely i should say because even how much money you do

have, if you do have the past experience on losing even on 99% winning rate then pretty sure that you would really be having those doubts again on making some all in on a particular bet or simply you had just
learned your lesson and we dont know the financial capacity of this gambler or bettor but on the situation where he could make out bets on million dollars on a single line then we can really say that this
man is a rich guy and there's no doubt on that but we dont know on what are the next steps that he would do.

That's a huge loss and for sure from that amount the gambler is a rich person, like what you mentioned if he already has experienced losing in that same winning chance/rate he can go and move forward. We don't really know what is inside his mind after losing that unfortunate event. Maybe he will try back and see if luck will permit him to recover or he will learn his mistake and will quit away from these activities.

Would really be hard to know since no one knows the identity of the said gambler.We do only see news or been published information if ever these gamblers do make out huge bets and losing it on the minimal

risk as possible which it would really be something that  recognizable or would really create out some noise which it isnt really that something new.Just like into those who do win up huge amounts on
a small amount of bet that they do have put up or having that parlay result.This is just an another reverse side of those.

1.01 doesnt really ensure a win on your bet which is something that people do look upon that 100% win isnt possible.

[rodskee]

The game looked over at halftime. I myself went to bed and woke up amazed at what happened in the 2nd half.

The lesson to be learned here is nothing is ever guaranteed.

Indeed, even how good you are in gambling , and how you are confident about the outcome still there are no guarantee in gambling , this needs a result first before gathering the winning and that is how it become riskiest place to earn/win.

I like others also learned the hard ways and will never do the same mistake again , never ..

[bettercrypto]

The game looked over at halftime. I myself went to bed and woke up amazed at what happened in the 2nd half.

The lesson to be learned here is nothing is ever guaranteed.

Indeed, even how good you are in gambling , and how you are confident about the outcome still there are no guarantee in gambling , this needs a result first before gathering the winning and that is how it become riskiest place to earn/win.

I like others also learned the hard ways and will never do the same mistake again , never ..

 You are right there, the majority of gamblers still depend on luck in gambling, no matter how good you are at playing at any casino. Be careful, and expect that no matter what bet you make, you will lose in the end.

  This is the world of gambling. But can you do what the bettor did who sacrificed 1.4M$ in exchange for winning only 11,200$ at 0.8? Because I don't think I can do what that bettor did.

[cydrix]

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

Gambling is always a do-or-die situation like the game where you bet. Lower odds are those things that will probably happen that is why gamblers tend to bet huge money since it is most likely to occur, unlike higher odds that is almost impossible.

It is not easy to gamble because it involves your money.
"High risk, High Reward" This is true I think, the higher you risk your money the higher the chance you win bigger profit but that doesn't defeat the chances of losing, gamblers always think positively.

1.4M$ = 11,200$ at 0.8 because the score is very promising 27-0? Dude, it's impossible to come back. The final score was 30-31 indeed a great comeback!!

[Reatim]

  This is the world of gambling. But can you do what the bettor did who sacrificed 1.4M$ in exchange for winning only 11,200$ at 0.8? Because I don't think I can do what that bettor did.

none of us mate, yeah no one will ever dare risking (actually losing) that amount in gambling ever, I don't know what comes to that person's mind but if he is still in his right state of mind? how did he do that.

1.4 millions ? this is insane decision and surely he will regret the rest of his life, no wonder that would be His last bet and will never come back in gambling world(or maybe that is the end of His life)

hate seeing this kind of risk specially in gambling , maybe if we are talking about business or other form of investment/ it may be applicable to risk that high.

[Bitinity]

  This is the world of gambling. But can you do what the bettor did who sacrificed 1.4M$ in exchange for winning only 11,200$ at 0.8? Because I don't think I can do what that bettor did.

I will not do it even for $100 bet, it does not worth the risk. I have no idea why this bettor is willing to risk that much money for a small profit. He can actually spend 10% only of his bet witg 1.1 odds or simply try to find higher odds like 1.5 but with a better analysis of the game. I wonder how he feel after his losing bet, but it must be something really bad and he did not expect it at all.

[slapper]

I don't know how rich the person that made the bet was but I believe he/she was greedy with the game and I also believe he/she has learned a pretty good lesson because the odds of a game don't justify an end result, it is something I have learned much time which I also learn during the Qatar World cup game at quarter-final when Portugal faces the Moroccan, Brazil vs Cameroon, Spain vs Japan, etc.

First of all, we can't judge someone based on the bets they make. I don't feel that the man we are discussing here, is a covetous person.

in theory, with the odds provided by the dealer, on paper the man should have won his bet. however, in the world of sports, especially football. anything can happen even though the team that is superior tends to win the battle. and it seems, the man is too confident that the team he chose as a bet will win the game. so, he gambled with 1.4 million USD. and if he wins the bet, the guy will get at least $11,200. the results are not commensurate with the money at stake, but because 11k money is big enough money, it seems he made a decision on the gamble. unfortunately, bad luck for him.

In conclusion, in any gamble the stake always carries a risk even though the ratio of losing is very unlikely. as you exemplified in the world cup matches in Qatar, remember the favorite team doesn't always win the battle.

I concur. Judgement based on bets is unfair. Sports are unpredictable. Even if the favorite loses. The 1.4 million dollar betmaker may be wealthy enough to accept that risk. However, gambling always involves risk. Even with favorable odds, you can never be sure of the outcome. Thus, gamble properly and don't risk more than you can afford

[Woodie]

The problem is such look like a safe bet when in fact not... I have seen people lose on a 1.005 odd bet which looked like a sure bet but turned out to be a high risk bet that will lead to losing and the unfortunate thing about such wagers is that a player needs to put in alot of money to have a small profit but in the end its all burst! Btw I think bookies actually make more money on such bets because of our greed, it's a hard lesson learnt and can never be too sure of an outcome.

[Aanuoluwatofunmi]

Loosing such big amount shouldn't be a threat or something sad since the same way he wanted to win that kind of amounts goes likely to the casino as well, now it's a survival of the fittest because the two parties involved were after making profits but only one will emerge a winner, he would have thought about the risk before getting distracted of the winning rate, we don't want to be responsible of any of our negative results or outcome except if they went on as expected, he must have learnt his lesson.

[Silberman]

The problem is such look like a safe bet when in fact not... I have seen people lose on a 1.005 odd bet which looked like a sure bet but turned out to be a high risk bet that will lead to losing and the unfortunate thing about such wagers is that a player needs to put in alot of money to have a small profit but in the end its all burst! Btw I think bookies actually make more money on such bets because of our greed, it's a hard lesson learnt and can never be too sure of an outcome.

It seems some gamblers forget that even bets which are incredibly likely to happen and which may seem as an easy way to make money are still not a sure thing, however the mistake was not really to make a bet in such a likely bet but to bet such a huge amount of money, doing such a thing is never recommended and this massive loss is a good warning sign so people that could be thinking about doing the same thing realize that it is never going to work.

[Mauser]

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

Wow that is crazy, betting 1.4m USD on a single bet no matter the odds. Betting such a huge amount on a single bet always has the risk of going wrong eventually. Personally I am a big fan of betting on such low payout games because you can slowly build up your bankroll overtime with very limited risks. The problem of course is that the underdog can eventually win and lead to a big loss if we don't split up our money across multiple bets. When the odds are so low like 1.008 then we need to bet a large amount to make a profit, but betting 1.4m USD is just too much money. I mean he bets so much money to get only a profit of 11.2k USD it's not worth it in my opinion. He would need to make the same bet 125 times and win every time to only make his principal money back. But then again we don't know how much money they gambler actually has and maybe a 1.4m USD bet for him is what is for us a 100 USD bet. The most important thing is to be able to live with the bets we make and not feel bad about it for a long time if things go wrong.

[Fredomago]

The problem is such look like a safe bet when in fact not... I have seen people lose on a 1.005 odd bet which looked like a sure bet but turned out to be a high risk bet that will lead to losing and the unfortunate thing about such wagers is that a player needs to put in alot of money to have a small profit but in the end its all burst! Btw I think bookies actually make more money on such bets because of our greed, it's a hard lesson learnt and can never be too sure of an outcome.

It seems some gamblers forget that even bets which are incredibly likely to happen and which may seem as an easy way to make money are still not a sure thing, however the mistake was not really to make a bet in such a likely bet but to bet such a huge amount of money, doing such a thing is never recommended and this massive loss is a good warning sign so people that could be thinking about doing the same thing realize that it is never going to work.

Most likely that what happened here, or he really has that capability to make that huge amount of bet thinking that because of high probability to win the chance of losing is next to impossible, but likewise shit can happen and it does with his bet, the huge lead before he left his bet is really something that you will think that when checking it back you will just cashing out your winning.

But the outcome is the opposite of what he would expect and nothing he can do now, that experienced will serve as the basis to everyone to always know how to judge the amount that you can afford to lose before placing your bet.