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

[len01]

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's a different gambling since it is safe as they have claimed. If it is a gambling that is not safe then that's more likely on casinos or sportsbooks. I am sure you guys know different types of gambling such as playing games and investment. It is what gambling is for, it's either you are willing to take risk or not. I have something to say about safe bet which is not really safe at all since investment could also result in profit loss if what you invested is not successful (like stock price - price decrease).

Are you talking about gambling investment? I remember, back in the day, there were some casinos that used to accept investments for their bankroll and used to pay interest over that based on the amount invested, and I remember that such investments were pretty popular at that time and everyone used to suggest investing in casino bankrolls.

I'm not sure but I think there are no casinos that offer this anymore or maybe I just didn't see or heard of any. Nowadays, casinos are more popular and have high rollers so the revenue is high, they probably don't need any investments for their bankroll I guess.

talking about investing in casinos, yes, there used to be a method like this, but recently I know that there are casinos that provide benefits for investors who want to invest in their tokens, like Moonbet, maybe you can see it there.

back on topic.
in gambling there is no guarantee that it is safe or certain, all bets still depend on the luck we will get. even if you are a big gambler if you are unlucky you will lose huge amounts of money like that guy lost $1.4 million on sports betting.
so there is no definite result and no guarantee is safe.

[nakamura12]

Are you talking about gambling investment? I remember, back in the day, there were some casinos that used to accept investments for their bankroll and used to pay interest over that based on the amount invested, and I remember that such investments were pretty popular at that time and everyone used to suggest investing in casino bankrolls.

I'm not sure but I think there are no casinos that offer this anymore or maybe I just didn't see or heard of any. Nowadays, casinos are more popular and have high rollers so the revenue is high, they probably don't need any investments for their bankroll I guess.

I do remember that some casinos offer gamblers to invest in their bankroll. I am not sure if there are casinos left that offers it or maybe what you say is true that we may not heard it or there's no casinos left where you san invest. Maybe asking someone could help if there's still casinos that offers investment or not.

[QueenVera]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Exactly mate and I do agree with you on this very one about changing of techniques and I always encourage people to try out new techniques especially when the current technique no longer work for them rather than trying to steak to a failing technique simply because you want to prove to peiole what doesn't actually matter to you and also to them.

This very incident should be a big lessons to most regular gamblers that nothing, absolutely nothing is guaranteed in gambling and people can get easily disappointed and I do feel for this player because no matter how much money  he has, he would definitely feel the huge figures that has left him.
People should learn from others mistakes and not wait for it to get to them.

[maydna]

Are you talking about gambling investment? I remember, back in the day, there were some casinos that used to accept investments for their bankroll and used to pay interest over that based on the amount invested, and I remember that such investments were pretty popular at that time and everyone used to suggest investing in casino bankrolls.

I'm not sure but I think there are no casinos that offer this anymore or maybe I just didn't see or heard of any. Nowadays, casinos are more popular and have high rollers so the revenue is high, they probably don't need any investments for their bankroll I guess.

I do remember that some casinos offer gamblers to invest in their bankroll. I am not sure if there are casinos left that offers it or maybe what you say is true that we may not heard it or there's no casinos left where you san invest. Maybe asking someone could help if there's still casinos that offers investment or not.

There are still casinos that offer gamblers investments. You can visit Blackjack.fun, BetFury.io, and Owl.games. After you register and log into your account, you will find an offer to become an investor and there are many coins you can make as an investment, including bitcoin. But I don't know what the percentage of investment in the casino is. Perhaps, you can visit the casino's ANN threads to ask their representatives. Giving gamblers a choice of investment programs is an alternative that can be given to members so that they can invest besides gambling.

[Slow death]

talking about investing in casinos, yes, there used to be a method like this

in the past, something like 4 years ago I saw this type of options, but the annual returns that the casinos that offered this gave were very small, there was no big difference with what the banks offered, so in my opinion I did not see any advantage in putting money into that type of investment, imagine the person having to stay a year to only make a profit of 3% to 5%, this is something that is not worth taking the risk, because the person is leaving money in the casino for a year, and a big risk

but recently I know that there are casinos that provide benefits for investors who want to invest in their tokens, like Moonbet, maybe you can see it there.

this is another high-risk investment, I know that any investment in cryptocurrencies is risky, but in the case of casino tokens the risks are much greater, I don't see much use in casino tokens, honestly there is no advantage in any casino create your own altcoin, knowing that there are already many casinos that are offering the same things and accept many altcoins as a deposit, why would anyone want to go to a casino that has their own token when that person can go to another reputable casino and play with bitcoin ? why would people invest in a casino token? the price of the casino token depends on the performance of the casino, we all know that every year there are many casinos that offer the same things

all bets still depend on the luck we will get.

in the case of sports betting, it does not depend on luck, it depends on knowledge about the games, in sports betting, relying on luck is a serious mistake, even if the person bets on a game where he has an odd of @1.11 thinking that he will be lucky, that person you can lose a bet because you need to analyze several things before placing a bet on a game, for example: the person may think: "team Z always wins, today it will play against the worst team, so the odd for team Z is at @1.11 then team Z will win " but the best players on team Z will not be playing and for people who know team Z well will already know which team Z will lose, in sports betting there is no such thing as counting on luck

[rahmad2nd]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

As a gambler, one thing you need to know. that in every gamble, everything carries a risk. that is, you must be prepared to lose the money you risk. in this case, sports betting. so it's not a matter of being a victim of defeat, because you are faced with the choices you make in the betting session. sports betting can also involve an element, one might say a kind of technique. here we will need your insight, knowledge, and foresight in every bet. plus, instinct.

At the very least, you need a process we call analysis. in every consideration, we will be faced with two teams that will compete, looking for all the latest information, comparing them, looking for weaknesses in each other, then deciding the bet. yes, the process is not simple if you want to minimize losses. if the gamble isn't ideal. as in the case of this thread, at 1.01 odds. you can look for other options. even if you can, you are looking for other bets that are more ideal in any way including the odds. yes, in essence, as I said at the beginning. As a gambler, you must be prepared for the risk of losing.

[BVeyron]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

As a gambler, one thing you need to know. that in every gamble, everything carries a risk. that is, you must be prepared to lose the money you risk. in this case, sports betting. so it's not a matter of being a victim of defeat, because you are faced with the choices you make in the betting session. sports betting can also involve an element, one might say a kind of technique. here we will need your insight, knowledge, and foresight in every bet. plus, instinct.

At the very least, you need a process we call analysis. in every consideration, we will be faced with two teams that will compete, looking for all the latest information, comparing them, looking for weaknesses in each other, then deciding the bet. yes, the process is not simple if you want to minimize losses. if the gamble isn't ideal. as in the case of this thread, at 1.01 odds. you can look for other options. even if you can, you are looking for other bets that are more ideal in any way including the odds. yes, in essence, as I said at the beginning. As a gambler, you must be prepared for the risk of losing.

The sum announced is really a tough thing to lose, so that gambler must have been a millionaire. If not, then its too strange... However there are such cases when a person loses not only what belongs to him, but also what he borrowed. I hope that guy will recover the money if he is in charge... As for millionaire gambler, that's just usual situation, there are people who spend millions with the same ease as we spend hundreds.

[klidex]

The sum announced is really a tough thing to lose, so that gambler must have been a millionaire. If not, then its too strange... However there are such cases when a person loses not only what belongs to him, but also what he borrowed. I hope that guy will recover the money if he is in charge... As for millionaire gambler, that's just usual situation, there are people who spend millions with the same ease as we spend hundreds.

In fact there is nothing strange and I think that betting large amounts does not mean that people are very rich, Even sometimes there is someone who only has 1 million dollars he used to bet all just to get a small win but he thinks the win is sure.
Besides though sports betting cannot guarantee victory, all of that still requires luck.
Even though he is a millionaire but I think he will also feel very sorry for doing such a reckless thing.

[slapper]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

As a gambler, one thing you need to know. that in every gamble, everything carries a risk. that is, you must be prepared to lose the money you risk. in this case, sports betting. so it's not a matter of being a victim of defeat, because you are faced with the choices you make in the betting session. sports betting can also involve an element, one might say a kind of technique. here we will need your insight, knowledge, and foresight in every bet. plus, instinct.

At the very least, you need a process we call analysis. in every consideration, we will be faced with two teams that will compete, looking for all the latest information, comparing them, looking for weaknesses in each other, then deciding the bet. yes, the process is not simple if you want to minimize losses. if the gamble isn't ideal. as in the case of this thread, at 1.01 odds. you can look for other options. even if you can, you are looking for other bets that are more ideal in any way including the odds. yes, in essence, as I said at the beginning. As a gambler, you must be prepared for the risk of losing.

You have no idea, rahmad2nd. You risk everything when you wager; you don't just lose money. Every day, whether we choose it or not, we lay down our chips in life's big bet. As you said, taking risks calls for knowledge, comprehension, and a modicum of foresight. But wait, we also need to add some political savvy and innovation. The media and influential people try to obscure our vision, but we have to see through it. We need to figure out how to alter the recurring patterns and fads in our life. We must take chances that terrify others if we want to create our own luck. In the end, it's more important to live your best life possible and take it all in. And let me tell you, my friend, if you go into it with the appropriate attitude and a game plan, that trip can be a wild, crazy adventure.

[Silberman]

The sum announced is really a tough thing to lose, so that gambler must have been a millionaire. If not, then its too strange... However there are such cases when a person loses not only what belongs to him, but also what he borrowed. I hope that guy will recover the money if he is in charge... As for millionaire gambler, that's just usual situation, there are people who spend millions with the same ease as we spend hundreds.

In fact there is nothing strange and I think that betting large amounts does not mean that people are very rich, Even sometimes there is someone who only has 1 million dollars he used to bet all just to get a small win but he thinks the win is sure.
Besides though sports betting cannot guarantee victory, all of that still requires luck.
Even though he is a millionaire but I think he will also feel very sorry for doing such a reckless thing.

The bet is so high that the only ones which cannot really be affected by losing such sum are the people with an incredible amount of power, anyone else will cry tears of blood by losing so much money in such a short amount of time, and while I have an open mind and I am not against people gambling as I gamble occasionally as well, like most of the forum members on this thread, losing such a massive amount of money is a mistake no matter how long I think about this event.

[tusandii]

There are still casinos that offer gamblers investments. You can visit Blackjack.fun, BetFury.io, and Owl.games. After you register and log into your account, you will find an offer to become an investor and there are many coins you can make as an investment, including bitcoin. But I don't know what the percentage of investment in the casino is. Perhaps, you can visit the casino's ANN threads to ask their representatives. Giving gamblers a choice of investment programs is an alternative that can be given to members so that they can invest besides gambling.

Yes, I've heard that some of the casinos you mentioned do accept investors to come in and invest in freely selectable tokens as investment assets.
But it seems that the profit will be the same as if investing in the official crypto market and no more profit if investing in a casino.
After all, an investor would not dare to invest large amounts of money in tokens in a casino as it is very risky. If only with a little money there may be a sense of calm, but if using large amounts of money it is better to divide it into several forms of investment.
Anything can happen, including bad things, so we as investors have to be more careful.

[Dunamisx]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Irrespective of the kind of techniques we adopted, we cannot avoid going on losses because it's all about taking risk to either win or not, his lesson will go far way in teaching others not to be too forward and also to always considers the tendencies for the risk of loosing the game when gambling because nothing is too sure until one wins, just that he had learnt his own lesson in the hard way makes him share with you all to learn from his experience, some couldn't have.

[Ojima-ojo]

As a gambler we need to learn from others so that we are not going to be a victim of such a big losses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gambler. If we try a technique and it does not work for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Irrespective of the kind of techniques we adopted, we cannot avoid going on losses because it's all about taking the risk to either win or not, his lesson will go far way in teaching others not to be too forward and also to always considers the tendencies for the risk of losing the game when gambling because nothing is too sure until one wins, just that he had learnt his own lesson in a hard way makes him share with you all to learn from his experience, some couldn't have.

Losing is part of the game and gambling will not be fun if there is no record of losses, but constantly losing is what we should try to avoid, but ultimately we must lose, and since gambling is a game of luck and risk, everyone is already aware of that and we are all taking whatever the outcome of our bet an in good faith.

Ops that lost 1.4 million dollars was just taking his normal luck trial but this time the odds did not go in his favour, but next time he may win big which will help him recover everything he lost this time.

[Lanatsa]

As a gambler we need to learn from others so that we are not going to be a victim of such a big losses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gambler. If we try a technique and it does not work for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Irrespective of the kind of techniques we adopted, we cannot avoid going on losses because it's all about taking the risk to either win or not, his lesson will go far way in teaching others not to be too forward and also to always considers the tendencies for the risk of losing the game when gambling because nothing is too sure until one wins, just that he had learnt his own lesson in a hard way makes him share with you all to learn from his experience, some couldn't have.

Losing is part of the game and gambling will not be fun if there is no record of losses, but constantly losing is what we should try to avoid, but ultimately we must lose, and since gambling is a game of luck and risk, everyone is already aware of that and we are all taking whatever the outcome of our bet an in good faith.

Ops that lost 1.4 million dollars was just taking his normal luck trial but this time the odds did not go in his favour, but next time he may win big which will help him recover everything he lost this time.

It would really be no fun at all if you are really that playing gambling without having that particular risks in line on losing up your bet which it is true but we know that most gamblers would definitely be going after
 
on how to make money on it and making that assure that they are really that on the right choice.Common behavior of gamblers is that whenever they do see a one sided match then they would really be
going or having that all in type of betting which they do believe that they could make out sure money into it.Of course when it comes to thrill and excitement then its there and
we know that we arent that dumb not to know on what are those outcomes neither win or lose.

[Porfirii]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Irrespective of the kind of techniques we adopted, we cannot avoid going on losses because it's all about taking risk to either win or not, his lesson will go far way in teaching others not to be too forward and also to always considers the tendencies for the risk of loosing the game when gambling because nothing is too sure until one wins, just that he had learnt his own lesson in the hard way makes him share with you all to learn from his experience, some couldn't have.

The key about gambling is having fun, not making money as a gambler. You can try different techniques if this makes you happy, but is not the correct approach if you do it in order to find a system to get sustainable profits that works.

We don't know whether the gambler in the OP lost those 1.4 millions for the shake of fun or as a financial strategy. In the first case, if he was already rich, had his life figured out, and was looking for some kind of excitement, it is ok; but if it was a "double or nothing" bet, it wasn't a good strategy (there is no limit for that: Martingale doesn't work.

In most casino games, the expected value of any individual bet is negative, so the sum of many negative numbers will also always be negative.

The martingale strategy fails even with unbounded stopping time, as long as there is a limit on earnings or on the bets (which is also true in practice).[1] It is only with unbounded wealth, bets and time that it could be argued that the martingale becomes a winning strategy.

[Fredomago]

If you are greedy, you often end up empty handed. That gambler from the OP was sure about making $11k out of nothing. In other words, he wanted to take all the money bet on the Jaguars, and thought it was easy. It wasn't. Even if you are so rich that you can bet over a million in one bet, don't think you are so smart too. You don't. And now all those brave gamblers that placed their bets on Jaguars are sharing your money between them.

Thinking that you can outsmart the house by placing an almost sure bet with 99% winning chances, only to find out that it will turned to the other side and the house are the one who outsmart you, they simply take away millions out of your pocket while thinking that you can just as easily cash out some thousand if in the event you got the winning team.

There's always an unusual outcome and gambling is a full of risk venue to think that you can make an easy money, always have that extra research before concluding or deciding to how you will place you bet.

Here, what you say about earning "easy" money - this should always be checked.  Usually this is how, promising to get quite a lot of money, without putting any effort or work adequate to the amount, scammers deceive naive citizens.  And among ordinary people there are a huge number of naive fools who believe scammers.  And they lose their hard-earned money.  However, it is not always easy to check the intentions of someone who promises a big win.  Sometimes people affected by such a loss of money claim that they voluntarily made a bet or simply trusted someone with their money under the influence of some kind of hypnotic state.  And at such a moment, they were not even fully aware of the logic that they were doing wrong or even making a gross mistake.  All these are mysteries of the human psyche. 
Because then they all know what a stupid thing they did. 
But it's' too late.

Though the sentiment of my reply is regarding to how Op's story, but yeah, your opinion is right there are also times that people forget about the importance of doing their own research and sometimes they just entrust their money with other people and that's also possible with gambling, thinking that the tip is all good they just blindly place their bets without researching and confirming the chances of winning.

They will just realize the mistakes once the money is already gone, as the bet has been burned and lose.

[sashapan]

A big casino bet is better to take away than to give you the same amount... And low X's are turnover and everyone has already protected themselves with scripts

[sashapan]

A big casino bet is better to take away than to give you the same amount... And low X's are turnover and everyone has already protected themselves with scripts

     But sometimes miracles happen) here's my friend's bet, the old truth

[Unsoldier]

A big casino bet is better to take away than to give you the same amount... And low X's are turnover and everyone has already protected themselves with scripts

   But sometimes miracles happen) here's my friend's bet, the old truth

Congratulations to your friend, he is very lucky! A profit of 33 ETH - must have been a long time ago indeed)

Still, this screenshot says little. Maybe it's a betting simulator and your friend didn't play for money. What is the name of this casino? Is it still working?

[Wakate]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Irrespective of the kind of techniques we adopted, we cannot avoid going on losses because it's all about taking risk to either win or not, his lesson will go far way in teaching others not to be too forward and also to always considers the tendencies for the risk of loosing the game when gambling because nothing is too sure until one wins, just that he had learnt his own lesson in the hard way makes him share with you all to learn from his experience, some couldn't have.

Making loses as a gambler is something we can not avoid that is why we need to work on our game so that as we are making few loses we are gaining big from the strategy we are using. Gambling is an activity and those would understand how it works do not bother themselves much about making loses. Win may be certain at some extent and we should always works or maximizing our profits and minimizing the loses so that we can make a very good profits from the casino we are using as a gambler.