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

[maydna]

Look at his bet more attentively. He don`t want to spend money or to get emotions. He tried to get easy money for small odds. But the gambling can surprise. He made all his possible to decrease risk and get money.
I always say that the gambling must be for fun. In all other situation you`ll get the moment of disappoint in gambling. And it will be a good situation if you willn`t lose all your money.

It is possible that he intended to chase big wins so he boldly gambled with big money but lost. It's fine to have money to gamble but if that money is from his savings, he will regret it very much and maybe he could end his life because of that big loss.

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

I don`t think it is so. And we know about this bet just because he lost it. I`m sure that there are lots of same winning bets.
Of course we can`t know the truth without information from this gambler and i don`t think that he`ll tell anything, but it possible that it isn`t all his money and he can make several such bets one time. And the other bets win.

It could be that it is like what you say because we don't know what really happened. That's why we can only speculate about what happened to him and we really don't expect him to gamble big money even though he is very rich. But it's true, he could have won a big win before but he didn't tell the public or those of us who didn't know he had a big win from the previous bet.

Betting with emotions can make us lose control and not be able to think straight because all we have in our minds is to earn big money by placing big bets. And we will not realize what we will experience in life if we experience that big defeat. Don't let us experience a big defeat like him. Otherwise, we must feel what we are doing is a waste.

An outcome of un-control gambling activities, I agree that betting with emotions can triggered your aggressive approach and without luck the outcome will always in favor of the house, though despite of a high chance winning pick the gambler who bet this huge amount still lose his money, it can be an easy money if shit didn't happen on him.

But we all know that inside gambling everything is possible and that will serve as a good example to prevent thinking that you can easily come out with decent benefits, as the outcome may turn against you.

And instead of getting that huge defeat, we should always try to control ourselves so we don't think that using big money can give us big wins. Using big money will not guarantee that we can get big wins, but what is certain is that we can experience big losses, especially if we lose control.

Betting on emotions only accelerates the loss of money instead of trying to enjoy the moment of gambling. And we certainly will not be able to accept if we experience defeat. Therefore, try not to continue the game if your emotions start rising. Immediately stop playing and leave the casino.

You need this kind of limitation in order to not to proceed if you already feel that your emotions is the one who's dominating inside you, it will prevent you in losing a huge amount of money and like what you have said, the entertainment is no longer present but it's already been replace by lust and desire to win the game.

With how huge the amount that is being wasted with such a mistake, I can see if that happened to me. Regret and depressions will take place.

By having limits in gambling, we can know how many bets we can place and not take risks by placing bets we cannot see. Apart from that, we must also have self-control in gambling to suppress emotions that can escalate at any time and avoid big losses.

If that person only had that amount in his savings but used it for gambling instead, he would regret it greatly and would fall into a deep depression due to gambling. We have to be able to prevent that from happening to us.

[Victorybit1]

If 1.4 million is his spare money, then it's not a big deal for a gambler lover. When gambling always have it in mind that it a win or lose situation, it's either you gain or you loss.
Stake what you can afford to loss to avoid heart attack and don't be greedy while gambling.

[BobK71]

We won't be having this discussion right now if this person won the bet, I don't feel sorry for him because he was ready to lose the money, every one percent chance of winning a gamble doesn't clarify the winning, also it's hard to believe that this person is someone who is been greedy, he is rich because the money he lost is enough to change the life of many, he won't dare throw that away to gambling if he has no other big money like what he lost.

In fact, those who bet such large amounts are usually not a average gamblers. They certainly have a big earning source. That may be one of his smaller bets that has been revealed. Moreover, if that person had won that particular bet, it would not have been revealed. He knew very well that there could be a loss in gambling but the chance was very low at that particular bet probably that man takes the bet according to this thought. After all he was a experienced gambler and as a gambler perhaps he had no regrets.

[Gozie51]

In fact, those who bet such large amounts are usually not a average gamblers. They certainly have a big earning source.

Such gambler is not a new comer in betting. He must have been trying his hands on it for long and in fact considering the amount used, he may be a steady winner that has seen gambling as a business and increasing his stake is not a problem. For real risk takers in gambling, it is a chance to increase there wealth, for example the rap star, drake has huge appetite for gambling and has done several with stake.com also winning very big wager

[rahmad2nd]

~snip~

But it is possible that this whole story about such a huge loss may well be just a fabrication in order for people to discuss gambling itself more. 
And more people would gamble.  And by the way, these players, purely psychopogically, would make big bets, more than they did before.  There is also an option that such a loss is negotiable and the losing player did not really lose such a lot of money. 
So it is not clear what is true here, and what is just fiction and lies, which are actually hidden advertising of gambling.  Or, it may be a hidden advertisement of a particular casino or bookmaker. 

So I would not trust such information about a colossal loss at 100%

If this story is fiction that was deliberately made up by a casino, why does the story have to be this dramatic, at least the story will be different. for example, a gambler won a bet with a nominal value of $ 1.4 million with a small capital. that way, it will trigger gamblers to try to get the same luck.

After all, the essence of the story the OP shared in this thread is the message between the lines. that said, there are no easy bets, even lower odds always have risks. which means, nothing is without risk in every bet even though the probability that we have is very high. well, actually you can learn the contents of this story, or try to research it. In the link the OP shared, a guy bets $1.4 million at odds @1.01. which means, the guy has a high probability of winning in his betting session with 99% win. unfortunately, in that link, the previously unseeded team was able to make an epic comeback. in the end, the man lost the money he gambled.

Well, in a sports match is it natural for a strong team to have the potential to be conquered by a weaker team, as happened in this man's case. So, regardless of whether it's true or not. the important point, the essence of what the OP conveyed. he advised, to be careful when making bets even though low odds have a high probability of winning. however, there will always be risks.

[stomachgrowls]

In fact, those who bet such large amounts are usually not a average gamblers. They certainly have a big earning source.

Such gambler is not a new comer in betting. He must have been trying his hands on it for long and in fact considering the amount used, he may be a steady winner that has seen gambling as a business and increasing his stake is not a problem. For real risk takers in gambling, it is a chance to increase there wealth, for example the rap star, drake has huge appetite for gambling and has done several with stake.com also winning very big wager

They do have the finances, then why it is really that a big issue or in main talks about for a certain person who do lose up big? just because it wasnt really worth for those amounts to be spend that way?

Just let them be on what they do tend to do so because its their money and its none of our business if they would be spending up millions of dollars on each bet.Its impossible that they arent aware
on the risks involved on the time that they do put up their bets.

They do have the money so it wont really be not shocking if ever they would lose bigtime.

[Fivestar4everMVP]

In fact, those who bet such large amounts are usually not a average gamblers. They certainly have a big earning source.

Such gambler is not a new comer in betting. He must have been trying his hands on it for long and in fact considering the amount used, he may be a steady winner that has seen gambling as a business and increasing his stake is not a problem. For real risk takers in gambling, it is a chance to increase there wealth, for example the rap star, drake has huge appetite for gambling and has done several with stake.com also winning very big wager

They do have the finances, then why it is really that a big issue or in main talks about for a certain person who do lose up big? just because it wasnt really worth for those amounts to be spend that way?

Just let them be on what they do tend to do so because its their money and its none of our business if they would be spending up millions of dollars on each bet.Its impossible that they arent aware
on the risks involved on the time that they do put up their bets.

They do have the money so it wont really be not shocking if ever they would lose bigtime.

If I understand you well, then you are correct, except for the part you said it's their money, and if they lose it, or whatever they do with it, it's none of our business - one thing you must realize is that, this people or person do have families that depend on them, the decision they make in terms of finances will determine whether this family will continue to depend on them or will turn to depend on the society, when they depend on the society, it will directly or indirectly affect you and I because we all put together are the society, this is why we are told to be our brother's keeper.

[DoublerHunter]

If 1.4 million is his spare money, then it's not a big deal for a gambler lover. When gambling always have it in mind that it a win or lose situation, it's either you gain or you loss.
Stake what you can afford to loss to avoid heart attack and don't be greedy while gambling.

^ This is definitely right and I completely agree with your sentiments about gambling.
It is risky to always remember that gambling is a game of chance, and there is always a risk of losing money.
Always have an approach to gambling with a responsible attitude and only stake what you can afford to lose. This will avoid getting carried away by greed and maintain a level head throughout the process. By following these guidelines, you can enjoy the excitement of gambling without putting your financial well-being at risk. But on my side, 1.4 million is a big thing to me that could change my life and that amount is not good if I lose in gambling.

[batang_bitcoin]

Yeah, a commoner like me would be feeling embarassed even if I'm not known online. It just so freaking depressing if I'm the one who has lost that amount because $1.4M is such a huge amount that's gonna make my life good for a long time or maybe a life time.
But I guess I'm still a dollar or a quarter richer than of those gamblers that have lost a lot and living with their paycheck to paycheck lives and has got a lot of debts and are now in the trap and don't know what to do. This is still a way better type of living rather than thinking of those mishaps that have been found and generated by their gambling addictions.

I can't imagine myself betting away such an amount I'm one bet, in fact, if I have that amount of money I will retire because, in my part of the world, 1.4 million dollars is quite a big amount.

-Ops may not feel it that way, since he seems to be a big bag holder and money is not the problem for him but I am sure this situation will affect his physical and mental health for some time before gets get over it.

I'd also do the same thing as what you're thinking with that money. A commoner like me that has $1M will make sure that he's set for life and that's gonna be for sure that I won't be feeling bad if ever I fail with other things as long as I've got that stash of money ready to be deployed in things for my retirement. Anyway, there are gamblers that are rich that we can't really imagine that they're already set and can lose a lot of money that we can never imagine and that's totally okay for them because they've got a lot of spare money to spend.

[lienfaye]

Yeah, a commoner like me would be feeling embarassed even if I'm not known online. It just so freaking depressing if I'm the one who has lost that amount because $1.4M is such a huge amount that's gonna make my life good for a long time or maybe a life time.
But I guess I'm still a dollar or a quarter richer than of those gamblers that have lost a lot and living with their paycheck to paycheck lives and has got a lot of debts and are now in the trap and don't know what to do. This is still a way better type of living rather than thinking of those mishaps that have been found and generated by their gambling addictions.

I can't imagine myself betting away such an amount I'm one bet, in fact, if I have that amount of money I will retire because, in my part of the world, 1.4 million dollars is quite a big amount.

-Ops may not feel it that way, since he seems to be a big bag holder and money is not the problem for him but I am sure this situation will affect his physical and mental health for some time before gets get over it.

I'd also do the same thing as what you're thinking with that money. A commoner like me that has $1M will make sure that he's set for life and that's gonna be for sure that I won't be feeling bad if ever I fail with other things as long as I've got that stash of money ready to be deployed in things for my retirement. Anyway, there are gamblers that are rich that we can't really imagine that they're already set and can lose a lot of money that we can never imagine and that's totally okay for them because they've got a lot of spare money to spend.

Rich people can afford to gamble millions yet they're still well-off even after losing such amount. But for an average gambler it's a huge money already that can change our lives for good. Just like you, if I have 1.4 million, I can already live comfortably for a lifetime since money is not a problem anymore.

However for these whales, it's just part of their leisure money to entertain themselves. It's hard to believe but that's the reality.

[DevilSlayer]

We won't be having this discussion right now if this person won the bet, I don't feel sorry for him because he was ready to lose the money, every one percent chance of winning a gamble doesn't clarify the winning, also it's hard to believe that this person is someone who is been greedy, he is rich because the money he lost is enough to change the life of many, he won't dare throw that away to gambling if he has no other big money like what he lost.

But it is possible that this whole story about such a huge loss may well be just a fabrication in order for people to discuss gambling itself more. 
And more people would gamble.  And by the way, these players, purely psychopogically, would make big bets, more than they did before.  There is also an option that such a loss is negotiable and the losing player did not really lose such a lot of money. 
So it is not clear what is true here, and what is just fiction and lies, which are actually hidden advertising of gambling.  Or, it may be a hidden advertisement of a particular casino or bookmaker. 

So I would not trust such information about a colossal loss at 100%

There is an old saying that goes "think wrong and be right", but in this case I think that you are going too far away in your suspicions

Although I won't deny the possibility that this news was originally shared in order to exploit psychological flaws and encourage people to think about gambling and, therefore, gamble more, I don't think that it is just a fabrication. It is improbable, but possible, that this kind of big wins and losses happen from time to time, specially taking into account that a few millionaires like to gamble ridiculously high amounts of money for the shake of fun.

Here is an example that changed my mind and may help you change yours too: I used to consider that reality shows were totally orchestrated, scripted, until I realised that, if I was the manager of the television producer, it would be much easier for me to find people who already were the way I wanted, rather than hire actors to perform the way I wanted.

That said, it is much easier to find a unique case of a 1.4 million loss in order to create a discussion on gambling, rather than "fabricate" it to encourage discussion.

This only proves that there is no such thing as sure win in gambling, there's always uncertainty around. All of have risks and as for my knowledge, there is no bet that have a guarantee results. The guy who bet 1.4 million did not fully accepted the nature of uncertainty. For sure he regret it because he thinks that it is a sure win but it turns out a loss for him. Remember that anythin can happen so for us to not repeat the same mistake that the guy did, it is better if the amount of money that we will beat is the money that we can afford to lose.

It is not about the odds, remember that there are a lot of things may happen so anything is possible. I also remembered that I bet before in NBA match, I bet on the favorite and I thought it can be a sure win because the odds are too low but the comeback happen. This is where I learn that I should only bet the money that I can lose for me to have not get any emotional discomfort.

[tusandii]

Rich people can afford to gamble millions yet they're still well-off even after losing such amount. But for an average gambler it's a huge money already that can change our lives for good. Just like you, if I have 1.4 million, I can already live comfortably for a lifetime since money is not a problem anymore.

However for these whales, it's just part of their leisure money to entertain themselves. It's hard to believe but that's the reality.

Believe me, most of the rich gamblers who make bets with that amount will find it easy for them to lose because that amount is less than 1% of their total wealth.
I always salute rich gamblers because they are able to accept all the risks of losing money just to gamble.
But this risk will pay off or be commensurate if you manage to get a win, which of course will be even bigger.
I myself, if I have that amount of money, choose to stop gambling and build my own business for the future and have a better life in old age.
One more thing I will say to you, never compare whales with small gamblers like us and don't follow their way of gambling because it will only make us lose everything.

[michellee]

Rich people can afford to gamble millions yet they're still well-off even after losing such amount. But for an average gambler it's a huge money already that can change our lives for good. Just like you, if I have 1.4 million, I can already live comfortably for a lifetime since money is not a problem anymore.

However for these whales, it's just part of their leisure money to entertain themselves. It's hard to believe but that's the reality.

Having 1.4 million for most people living in developing countries or other countries can guarantee our life will be comfortable. But if we use that money for things that are not important, we will not be able to get it. So if we have that much money, it's better for us to use it for the things needed in our life and not for gambling.

And even though people who gamble are rich, they should not use big money to gamble even though they are still rich. But we also can't forbid them to use big money to gamble because it is their money and it seems they understand the consequences of using big money to gamble. We have to learn from that person's defeat so that it doesn't happen to us in the future, especially when we start to have a lot of money.

[Haunebu]

I always salute rich gamblers because they are able to accept all the risks of losing money just to gamble.
But this risk will pay off or be commensurate if you manage to get a win, which of course will be even bigger.

What the heck are you talking about? There are plenty of rich gamblers out there who regret gambling thanks to their crazy losses and some of them even take extreme steps in order to try and recover their losses.

I know some of them whose lives changed drastically because of those decisions. Think!

[Fredomago]

I always salute rich gamblers because they are able to accept all the risks of losing money just to gamble.
But this risk will pay off or be commensurate if you manage to get a win, which of course will be even bigger.

What the heck are you talking about? There are plenty of rich gamblers out there who regret gambling thanks to their crazy losses and some of them even take extreme steps in order to try and recover their losses.

I know some of them whose lives changed drastically because of those decisions. Think!

And that's not new to this industry, there are rich gamblers who losses a lot and change their lifestyle for the rest of their life, gambling addiction is something that can bring you down, how much your wealth was if you can't limit yourself and you drastically after with your losses the chance that you will fail to analyze your actions and just wake up one morning realizing that you don't have anything anymore.

Maybe there are some rich gamblers who can make more money, a kind of whale gambler who knows how to control and manage everything, but there are also some who can not.

[EarnOnVictor]

~snip~

But it is possible that this whole story about such a huge loss may well be just a fabrication in order for people to discuss gambling itself more. 
And more people would gamble.  And by the way, these players, purely psychopogically, would make big bets, more than they did before.  There is also an option that such a loss is negotiable and the losing player did not really lose such a lot of money. 
So it is not clear what is true here, and what is just fiction and lies, which are actually hidden advertising of gambling.  Or, it may be a hidden advertisement of a particular casino or bookmaker. 

So I would not trust such information about a colossal loss at 100%

If this story is fiction that was deliberately made up by a casino, why does the story have to be this dramatic, at least the story will be different. for example, a gambler won a bet with a nominal value of $ 1.4 million with a small capital. that way, it will trigger gamblers to try to get the same luck.

After all, the essence of the story the OP shared in this thread is the message between the lines. that said, there are no easy bets, even lower odds always have risks. which means, nothing is without risk in every bet even though the probability that we have is very high. well, actually you can learn the contents of this story, or try to research it. In the link the OP shared, a guy bets $1.4 million at odds @1.01. which means, the guy has a high probability of winning in his betting session with 99% win. unfortunately, in that link, the previously unseeded team was able to make an epic comeback. in the end, the man lost the money he gambled.

Well, in a sports match is it natural for a strong team to have the potential to be conquered by a weaker team, as happened in this man's case. So, regardless of whether it's true or not. the important point, the essence of what the OP conveyed. he advised, to be careful when making bets even though low odds have a high probability of winning. however, there will always be risks.

Personally, I don't think this is a make-up story, the link is there and I know it's not the first time that multimillionaires are betting a huge amount. The risk is too high and senseless at the same time. Come to think of it, the odd of just 1.008 for a huge amount of $1.4M, means the guys would gain just $11,200, how senseless is that?

Buying Bitcoin would have saved the day, after all, if bought at a reasonable level, by now, he might be counting excesses to the tune of hundreds of dollars.

[puloweh555]

To me this is absolute stupidity and waste of resources. For God sake, how on earth can you use $1.4m on 1.008 odd? What do you intend to gain? Don't tell me betting is about fun and pleasure. The person must be a psycho else no sane human will do such with that kind of money. If he's tired of possessing the money, he should have given it out to orphanage or better still invest in something meaningful. Buying Bitcoin with such amounts will change his life for better in the future. There's no argument that will justify and convince me of his gaffe.

Of course, if we are sane, we will think about investing in bitcoin if we have that much money. Because it will be useful for the future. However, the case experienced by a gambler is sometimes very different, he cannot control himself and continues to put forward his emotions. Instead of wanting to get a lot of profit, the opposite happens.

Gambling is Against Lust and the worst enemy is lust. So, my advice is that it's okay to gamble, but know when to stop playing even if you lose/win. Don't forget to analyze and use common sense when placing bets.

What the heck are you talking about? There are plenty of rich gamblers out there who regret gambling thanks to their crazy losses and some of them even take extreme steps in order to try and recover their losses.

I know some of them whose lives changed drastically because of those decisions. Think!

The gambler's mistake is greed, and seeing a profit of 0.5℅-1℅ is small. Even consider it a loss. If only they could think of taking small profits and playing in games with small risks. In fact, gambling can have higher interest than any financial instrument. But back again. The mindset of people is different

[Haunebu]

The gambler's mistake is greed, and seeing a profit of 0.5℅-1℅ is small. Even consider it a loss. If only they could think of taking small profits and playing in games with small risks. In fact, gambling can have higher interest than any financial instrument. But back again. The mindset of people is different

I disagree. Gambling is always risky even when you are gambling with a 99% win rate since you will eventually encounter the 1% loss due to the house edge which would blow your funds just like that.

Investing in government instruments like fixed deposits etc are always a lot safer in comparison.

[Hirose UK]

The gambler's mistake is greed, and seeing a profit of 0.5℅-1℅ is small. Even consider it a loss. If only they could think of taking small profits and playing in games with small risks. In fact, gambling can have higher interest than any financial instrument. But back again. The mindset of people is different

I disagree. Gambling is always risky even when you are gambling with a 99% win rate since you will eventually encounter the 1% loss due to the house edge which would blow your funds just like that.

Investing in government instruments like fixed deposits etc are always a lot safer in comparison.

There will never be a gambler who can have a win rate of up to 99% if there is just luck and you can't get it every time.
Gamblers always have a level of losses not wins because in gambling winnings can only be owned by the dealer, not a gambler.
Even though gamblers have big wins, they still cannot cover losses on bets that were previously made or in the future if they lose, because no one knows what will happen in the future whether they will win or lose.
Gamble according to ability and never expect wealth from gambling because it is highly not recommended.

[dezoel]

We won't be having this discussion right now if this person won the bet, I don't feel sorry for him because he was ready to lose the money, every one percent chance of winning a gamble doesn't clarify the winning, also it's hard to believe that this person is someone who is been greedy, he is rich because the money he lost is enough to change the life of many, he won't dare throw that away to gambling if he has no other big money like what he lost.

No. We won't be having this discussion right now if @bitbollo (OP) didn't post it here. I think the reason why the bet has been featured is not only because of the huge amount but it's because of the outcome of the game which have been comeback. Even the bet is a win, I think it will still be posted because the amount involved here is millions. That is something that doesn't happen too often because many people knows that gambling is a risky game and they are only betting small amounts only to enjoy and pass the time.

Not all who play gambling are ready to lose their money. Other than being addicted, some are only too confident and they can sell their items or make a lone only to increase their betting amount.