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

[gabbie2010]

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

[Odusko]

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

No matter how sure the odds are we shouldn't risk such a huge amount on the bet, but come to think of it from the gambler's point of view, he may have thought that he will be so lucky to win such an incredible and ridiculous bet judging from the odds.
My thought on the gambler's behaviour is that the player show early sign of addiction, and if that the case then he need to stay off gambling for a while because 1.4 million can change a life in most places around the world.

[rahmad2nd]

~snip~

Its never been small for most of us but we know that there are people who could really that afford on spending up that huge money on gambling or make out some bets and this is why we would really that get
shocked if ever we do see numbers like this which had been bet out and ending up on losing.Yes, it is really that regretful thing for us who do able to read it up, how much more into that person who
had made out such bet? This is why we should really put up into your minds that when it comes to gambling then no matter how slim the chance of losing but still it could really happen in a snap.
Just like been said by others that we do know that there's always an upset that could happen which means we could really lose up anytime.

Therefore, a gambler must be very aware of what he is betting on. because in gambling there are only two choices, win or lose. it doesn't matter how much money is at stake, how big the probability of victory we have, whether it's odds, or anything related to betting. but one thing every gambler needs to remember, that a superior team will not always win every battle.

In a game, anything can happen. it doesn't matter how good the stats a team has. nor how great the players a team has. the point is when the fight takes place, then gradually we will know the result. so in conclusion, gamblers must know that what we are betting on has the potential to lose. without exception, the gambler who is the theme of our discussion in this thread.

[milewilda]

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

No matter how sure the odds are we shouldn't risk such a huge amount on the bet, but come to think of it from the gambler's point of view, he may have thought that he will be so lucky to win such an incredible and ridiculous bet judging from the odds.
My thought on the gambler's behaviour is that the player show early sign of addiction, and if that the case then he need to stay off gambling for a while because 1.4 million can change a life in most places around the world.

If you do have the money then thinking about risks is really that much of a serious thing because you would really be thinking that you do still have money incase you do lost a certain bet.If a certain better do able to bet that big then its safe to presume that he do have lots of money to spare on playing even more unless if he did make some all in kind of betting which goes all in then it would really be that an another story.
When it comes to gambling then no matter how small the chance of losing but still there's odds that you could lose all of those money that you had put up.Always having that consideration when it
comes to risks taking because there would be no assurance on winning that in a sure way.

[delfastTions]

and if there are gamblers who consider gambling to get income or money multipliers, it is a sign that the gambler will lose more money and always odds small opportunities that look certain but are not certain.

Well said.
We should put our emotions aside when gambling, because emotions make us lose more in gambling than any other gesture. The guy fell under his emotions to place a bet on 1.01x odds thinking that he could go all in and make just 1% more to manage money for some luxury he could be wanting, which made him gamble his entire bankroll and in the end, he is left with nothing. Now no luxury nothing, but all he's got is his failure. This is not a lesson but a stupidity committed by that gambler which no one should do in their life if they want to be a sober gambler. Going all in on such small odds is very dangerous and can cost you your entire life savings.

therefore I say that being responsible for your own bets will be better.
so when someone bets at any odds but the gambler will not be careless using all the money in his pocket just for small odds and it looks like greed, the stupidity of gamblers who are too chasing something that is uncertain using big money.

I disagree that he's greedy because he is betting on a small odd, but so much agree that he's stupid for doing that. Big money should be well managed in gambling, it's so foolish to bet a whole $1.4M on a single game where no one would certainly know the outcome.

On second thought, we can't blame the guy totally because we don't know under the influence at which he did it. He might be distracted by ladies and gamblers in the house. Don't you think of that possibility?..lol

Yeah!  There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M. 

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event.  Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued.  We do not know many details of this event in order to somehow objectively assess such an event. 
And who and how much received from such a deal.

[TopTort777]

On second thought, we can't blame the guy totally because we don't know under the influence at which he did it. He might be distracted by ladies and gamblers in the house. Don't you think of that possibility?..lol

If he really was distracted, then I find it strange that he did not double check his bet later and, if possible, did not use cashout option. He could have lost several tens thousands, or a hundred thousand, but now 1.4 million He might also misclicked or misplaced his bet. Or had poor eyesight and confused 1.01 with 1.10.

We should not forget the theory of a money laundering. Similar to people do with NFTs, when they purchase crappy pictures for millions. It was never mentioned where he has got that 1.4 million, but the casino got easy 1.4 millions out of nowhere

P.S. IRL, during the game one team just made an unbelievable comeback...

[AicecreaME]

Yeah!  There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M. 

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event.  Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued.  We do not know many details of this event in order to somehow objectively assess such an event. 
And who and how much received from such a deal.

It's possible that this is all plotted from the very beginning to make a noise and stir some speculations and gather attention to the casino website the gambler has lost his millions of dollar, which to be specific, amounted to 1.4 million dollar. Since this is such a big amount, it could be happen to be sponsored. But if that's not the case, it's also possible that the gambler just happen to misclicked or misread the numbers he typed and input, thus amounting to such huge amount of money placed for a single bet.

It's also possible that he trusted so much to the point he was so sure the team he bet on wouldn't lose, but unexpected turn of event happened, thus losing the supposedly "guaranteed win". We'll never really know because there are endless possible reasons. But bottom point would be, always double check your bet, and just bet what you can only afford to lose.

[BobK71]

Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.

The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.

No matter how sure the odds are we shouldn't risk such a huge amount on the bet, but come to think of it from the gambler's point of view, he may have thought that he will be so lucky to win such an incredible and ridiculous bet judging from the odds.
My thought on the gambler's behaviour is that the player show early sign of addiction, and if that the case then he need to stay off gambling for a while because 1.4 million can change a life in most places around the world.

If we consider outside of the language of gambling then this is a big amount and the person was not right to bet with such amount. But if we describe it in gambling terms then it is very simple because win or loss is a common aspects of gambling. Although large amount of money is used in this bet. However, in gambling bettors participate in betting with having the risk. A gambler who placed such a large bet against such small odds he may thought would win or he took a risk. Usually losses by the odds of 1.01 is comparatively less. But it's nothing but bad luck and he had to lose from that particular bet.

[maydna]

Yeah!  There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M. 

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event.  Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued.  We do not know many details of this event in order to somehow objectively assess such an event. 
And who and how much received from such a deal.

It's possible that this is all plotted from the very beginning to make a noise and stir some speculations and gather attention to the casino website the gambler has lost his millions of dollar, which to be specific, amounted to 1.4 million dollar. Since this is such a big amount, it could be happen to be sponsored. But if that's not the case, it's also possible that the gambler just happen to misclicked or misread the numbers he typed and input, thus amounting to such huge amount of money placed for a single bet.

It's also possible that he trusted so much to the point he was so sure the team he bet on wouldn't lose, but unexpected turn of event happened, thus losing the supposedly "guaranteed win". We'll never really know because there are endless possible reasons. But bottom point would be, always double check your bet, and just bet what you can only afford to lose.

There are many possibilities that could have happened in that bet and we speculate that he has written the wrong number in the bet, which means it is a very large number. And he probably didn't expect that it would cause him such a huge loss even though he might still have other money. But still he would probably be saddened by such a huge loss and he should have realized his mistake and would not repeat it in the future. But if he is a gambler who often uses big money to gamble, it will mean nothing to him because he can definitely accept whatever the outcome is. And we little gamblers should always check everything before we hit that bet button.

[Silberman]

If we consider outside of the language of gambling then this is a big amount and the person was not right to bet with such amount. But if we describe it in gambling terms then it is very simple because win or loss is a common aspects of gambling. Although large amount of money is used in this bet. However, in gambling bettors participate in betting with having the risk. A gambler who placed such a large bet against such small odds he may thought would win or he took a risk. Usually losses by the odds of 1.01 is comparatively less. But it's nothing but bad luck and he had to lose from that particular bet.

Any bet that has that kind of odds is almost a sure thing, however if he was the kind of gambler that liked to make bets on those kind of outcomes with a very high probability of happening then it was just a matter of time until they found themselves in a situation in which they lost their bet as something completely unexpected happened during the game, so it would not surprise me if this huge bet was in fact the whole gambling capital this person had at the time and lost everything in a matter of minutes.

[Hamphser]

If we consider outside of the language of gambling then this is a big amount and the person was not right to bet with such amount. But if we describe it in gambling terms then it is very simple because win or loss is a common aspects of gambling. Although large amount of money is used in this bet. However, in gambling bettors participate in betting with having the risk. A gambler who placed such a large bet against such small odds he may thought would win or he took a risk. Usually losses by the odds of 1.01 is comparatively less. But it's nothing but bad luck and he had to lose from that particular bet.

Any bet that has that kind of odds is almost a sure thing, however if he was the kind of gambler that liked to make bets on those kind of outcomes with a very high probability of happening then it was just a matter of time until they found themselves in a situation in which they lost their bet as something completely unexpected happened during the game, so it would not surprise me if this huge bet was in fact the whole gambling capital this person had at the time and lost everything in a matter of minutes.

Who wouldn't really be having those thoughts?

We could see that it do give out that 1.08x specifically which had been told above or in op, which it would be giving out that impression that this is really indeed a sure bet considering with those odds
been given by oddmakers or bookies then it would really be giving out that kind of assurance or confidence of a certain bettor that this is really indeed a one sided match. The thing we do miss out
is that we do know that upsets could really happen on a match.No matter how well or good your opponent or enemy would be but still the chance on having an upset from an underdog team.
This isnt the first time we've seen these upsets and this is why its never been ideal that you would be having those all in type of betting.

[Obari]

Gambling is all about risk so if we know how to take good risk that will yield a good output then whatsoever the strategy we used will worth it. Losing to the house is a painful experience especially when you have all your hope on the game or bet before losing it. The most painful part is when we are having a consistent loses over the time of our betting.

Life in general is a risk and gambling is a game for the strong because nothing is guaranteed in gambling and there was these local definition I gave to gambling as a free way of Making huge profits from absolutely nothing.

At such, people should know that nothing is certain in gambling and I really want to know how the gambler has been copping after losing such bet and because I think this bloggers should always do well to update us with news or updates relating to a previous news they have posted especially cases like this that people really need to learn from.
I really don't know why people why people have so much mind to go into a bet with such amount of money and I guess they must be super rich to make such attempts.

[Jossque]

Unbelievable.
This exists in real life and will continue to exist. No matter how much it seems guaranteed, it means that nothing is actually guaranteed. The size of the money lost with a rate of 1.01 is obvious.
Betting has a risk and people bet here by taking this risk. This risk is visibly reflected in the odds. We choose accordingly, it would be less or more. In fact, it is more correct to choose what makes sense to us.

[paxmao]

Yeah!  There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M. 

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event.  Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued.  We do not know many details of this event in order to somehow objectively assess such an event. 
And who and how much received from such a deal.

It's possible that this is all plotted from the very beginning to make a noise and stir some speculations and gather attention to the casino website the gambler has lost his millions of dollar, which to be specific, amounted to 1.4 million dollar. Since this is such a big amount, it could be happen to be sponsored. But if that's not the case, it's also possible that the gambler just happen to misclicked or misread the numbers he typed and input, thus amounting to such huge amount of money placed for a single bet.

It's also possible that he trusted so much to the point he was so sure the team he bet on wouldn't lose, but unexpected turn of event happened, thus losing the supposedly "guaranteed win". We'll never really know because there are endless possible reasons. But bottom point would be, always double check your bet, and just bet what you can only afford to lose.

There are many possibilities that could have happened in that bet and we speculate that he has written the wrong number in the bet, which means it is a very large number. And he probably didn't expect that it would cause him such a huge loss even though he might still have other money. But still he would probably be saddened by such a huge loss and he should have realized his mistake and would not repeat it in the future. But if he is a gambler who often uses big money to gamble, it will mean nothing to him because he can definitely accept whatever the outcome is. And we little gamblers should always check everything before we hit that bet button.

The theory of the wrong number or a keying mistake is not impossible, but bear in mind that we are talking about such a large figure that the first "problem" is that he had that into the account and the "second problem" is that the site or place did not asked the guy something like "are you sure dude?" Even without an extra "zero" in the wrong place, it would still be 114.000

[pawel7777]

Usually losses by the odds of 1.01 is comparatively less. But it's nothing but bad luck and he had to lose from that particular bet.

I wouldn't blame everything on bad luck. If you never bet and decide to make a one-time only bet with 99% chance of winning, then you can call this bad luck. But I'll be guessing that unfortunate guy made similar low-payout-high-chance bets in the past, felt invincible, and pushed it a bit too far. If you keep risking money like that over and over again, the loss is inevitable.

[Fredomago]

Yeah!  There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M. 

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event.  Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued.  We do not know many details of this event in order to somehow objectively assess such an event. 
And who and how much received from such a deal.

It's possible that this is all plotted from the very beginning to make a noise and stir some speculations and gather attention to the casino website the gambler has lost his millions of dollar, which to be specific, amounted to 1.4 million dollar. Since this is such a big amount, it could be happen to be sponsored. But if that's not the case, it's also possible that the gambler just happen to misclicked or misread the numbers he typed and input, thus amounting to such huge amount of money placed for a single bet.

It's also possible that he trusted so much to the point he was so sure the team he bet on wouldn't lose, but unexpected turn of event happened, thus losing the supposedly "guaranteed win". We'll never really know because there are endless possible reasons. But bottom point would be, always double check your bet, and just bet what you can only afford to lose.

There are many possibilities that could have happened in that bet and we speculate that he has written the wrong number in the bet, which means it is a very large number. And he probably didn't expect that it would cause him such a huge loss even though he might still have other money. But still he would probably be saddened by such a huge loss and he should have realized his mistake and would not repeat it in the future. But if he is a gambler who often uses big money to gamble, it will mean nothing to him because he can definitely accept whatever the outcome is. And we little gamblers should always check everything before we hit that bet button.

The theory of the wrong number or a keying mistake is not impossible, but bear in mind that we are talking about such a large figure that the first "problem" is that he had that into the account and the "second problem" is that the site or place did not asked the guy something like "are you sure dude?" Even without an extra "zero" in the wrong place, it would still be 114.000

I'm on the side that it's a valid bet that the gambler place, just my own opinion though as you said there are instances that mistake can take place but with such a huge amount of money either gambler is careless or there's no option to cancel after placing it. So he might accept the fact that he will take it win or lose, and sad thing that even it's a high-percentage chance he still loses the bet.

There's nothing that can be done aside from accepting that huge lost/mistake and move forward. He can't take it back to the house
is enjoying with that huge loss.

[tusandii]

Boy, what an incredible tale! This really demonstrates how gambling can be a completely unpredictable realm filled with chances and advantages. Who could have predicted that someone would wager 1 million USD on such poor odds and lose? But as they say, you can't always win. And this fellow definitely suffered a massive defeat. Nevertheless, it's not all bad. At least he made an effort, right? Perhaps he'll devise a more effective plan next time, or maybe he'll just play the machines.

1 million USD is a very large amount when used for betting, but with that amount, if you manage to get a win, you can imagine how much profit you can get.
I believe not an ordinary gambler or gambler without experience who dares to take risks by betting such large amounts and make sure he is a gambler with more wealth so that whatever risk he will receive when betting he can accept it even if he has to lose the money.
In gambling and betting, there will definitely always be wins and losses, especially in sports betting, there are bound to be many unreasonable final results or manipulation because in every match, if there is a large amount of betting money in it, it's no wonder that action takes place. the.
So that anyone who bets on a match must always be careful and not make the wrong move in determining what is at stake.

[Botnake]

Boy, what an incredible tale! This really demonstrates how gambling can be a completely unpredictable realm filled with chances and advantages. Who could have predicted that someone would wager 1 million USD on such poor odds and lose? But as they say, you can't always win. And this fellow definitely suffered a massive defeat. Nevertheless, it's not all bad. At least he made an effort, right? Perhaps he'll devise a more effective plan next time, or maybe he'll just play the machines.

1 million USD is a very large amount when used for betting, but with that amount, if you manage to get a win, you can imagine how much profit you can get.
I believe not an ordinary gambler or gambler without experience who dares to take risks by betting such large amounts and make sure he is a gambler with more wealth so that whatever risk he will receive when betting he can accept it even if he has to lose the money.
In gambling and betting, there will definitely always be wins and losses, especially in sports betting, there are bound to be many unreasonable final results or manipulation because in every match, if there is a large amount of betting money in it, it's no wonder that action takes place. the.
So that anyone who bets on a match must always be careful and not make the wrong move in determining what is at stake.

Definitely, a gambler who would bet such a large amount of money is not new to betting, and he can certainly afford to risk that million. The thing is, when you bet on 1.01 odds, that gives you a very high percentage of winning, and you're like the house that has the edge. However, that doesn't mean you have no chance of losing; in this case, the bettor is just unlucky.

[klidex]

Yeah!  There could be many reasons why the guy made such a big, crazy bet and lost that $1.4M. 

For example, I do not rule out that this is just a contractual bet made specifically to promote and advertise such an event.  Moreover, the advertisement is not so much the guy himself, whom many now consider an idiot, but the casino itself, or rather the bookmaker, through which such a big loss was issued.  We do not know many details of this event in order to somehow objectively assess such an event. 
And who and how much received from such a deal.

It's possible that this is all plotted from the very beginning to make a noise and stir some speculations and gather attention to the casino website the gambler has lost his millions of dollar, which to be specific, amounted to 1.4 million dollar. Since this is such a big amount, it could be happen to be sponsored. But if that's not the case, it's also possible that the gambler just happen to misclicked or misread the numbers he typed and input, thus amounting to such huge amount of money placed for a single bet.

It's also possible that he trusted so much to the point he was so sure the team he bet on wouldn't lose, but unexpected turn of event happened, thus losing the supposedly "guaranteed win". We'll never really know because there are endless possible reasons. But bottom point would be, always double check your bet, and just bet what you can only afford to lose.

There are many possibilities that could have happened in that bet and we speculate that he has written the wrong number in the bet, which means it is a very large number. And he probably didn't expect that it would cause him such a huge loss even though he might still have other money. But still he would probably be saddened by such a huge loss and he should have realized his mistake and would not repeat it in the future. But if he is a gambler who often uses big money to gamble, it will mean nothing to him because he can definitely accept whatever the outcome is. And we little gamblers should always check everything before we hit that bet button.

It was a risk for the man to bet huge amount of money on sports betting and finally the team he chose lost.
Even though he is a rich man, but for me it is a large amount and I am sure he will also complain of disappointment after losing such a large amount of money.
I understand that betting and gambling are used to the words winning and losing, but it would be nice if you weren't too greedy and risked too much money.

[maydna]

The theory of the wrong number or a keying mistake is not impossible, but bear in mind that we are talking about such a large figure that the first "problem" is that he had that into the account and the "second problem" is that the site or place did not asked the guy something like "are you sure dude?" Even without an extra "zero" in the wrong place, it would still be 114.000

For the "first problem", it looks like he deposited big money into his account because otherwise, how could he place a bet with big money? And as for the "second problem," we don't know if he's deliberately placing a big money bet or missed a "zero" in the wrong place. And we can only assume that it was his fault that he did not check the bet amount and immediately placed it. But the flip side is that we also assume he deliberately placed those big bets hoping to win a lot of money. And whatever it is, we can learn a lot from him by always checking the bet amount so that we don't experience big losses if we lose.