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

[uneng]

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article, as it's a very curious situation, besides being an extra alert for gamblers who think low odds mean safe bets. That this negative experience can at least have some positive outcomes if another gamblers can take it as a lesson for their lives as well!

[cryptomaniac_xxx]

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

I concur though mate, yeah, I think it's not good to release this to the public, but I guess they are required by law though that someone will have to check their books, regarding all the bets and those who lost and who win? not sure as well.

Yeah, same here, might as well look for other sport bookies that will not reveal any information because it doesn't feel right to see those numbers. Specially you know that you are the one fool who bet on that, Lol.

[btc_angela]

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article, as it's a very curious situation, besides being an extra alert for gamblers who think low odds mean safe bets. That this negative experience can at least have some positive outcomes if another gamblers can take it as a lesson for their lives as well!

Yes, there are no names, but if you are think that you are one that has been mentioned there, maybe you will have second thoughts on that sports bookies. Nevertheless, we have heard about this kind of news in the past as well, not just those who bet on that kind of money and odds, but those who won big money as well. So I guess this is a practice of the casinos, maybe to hype their name, or sort of just for marketing purposes only and nothing else. So gamblers shouldn't take this personally.

[erep]

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article, as it's a very curious situation, besides being an extra alert for gamblers who think low odds mean safe bets. That this negative experience can at least have some positive outcomes if another gamblers can take it as a lesson for their lives as well!

There is an important point to consider from the news, I agree that no one is harmed as long as the news is spread without publishing the identity of the gambler, in sports betting there is no certainty to choose the winner even in this case the gambler has analyzed the big odds will win but the final result of the match is losing position. So the lesson from that case is that we must be careful in managing gambling and reconsider every bet to use reasonable bets to reduce the risk of big losses.

[Dunamisx]

I'm pretty sure, this guy, often does high stakes. The reason is, when referring to the odds given by the bookies. this match should have been won by a strong team. I will take an example. just imagine, like the match between Argentina vs Saudi Arabia. 99%, the match will be won by the stronger team.
because of that, the odds that the bookie gives are very low for the Argentinian team. because however, in terms of player depth, skills, readiness, mentality, the Saudi Arabian team is far below the level with Argentina.

The thing is odds allocation by bookmakers is not in any ways related to the outcome or the strength of the team, bookmakers already know the uncertainty of the outcome of bets and so the give an odds that will give the casino more return should in case the bet is lost and to pay out smaller rewards if the bet is won, that is why you see odds variations, some clubs are given bigger odds knowing fully well that it difficult for the team to win, this is a mechanism.
The player that lost 1.4 millions dollars may have been influenced by odds variation making him to have confidence in his perceive winner to the point of staking such a huge amount on the bets. And just as you have rightly said gambling is a luck base activities may be this day the player ran out of luck.

Am not too sure that OP already has been taking this kind of risk involving huge amount before like this, maybe this was his first time and he's now regretting taking such step, when we talk about odds in gambling, sometimes it's to decieve us from seeing the possible outcome for games we play, even though many gamblers understand that it's all about taking a risk but some odds too serve the purpose of distraction for the greedy and overconfidence gamblers like him.

[Hamphser]

I'm pretty sure, this guy, often does high stakes. The reason is, when referring to the odds given by the bookies. this match should have been won by a strong team. I will take an example. just imagine, like the match between Argentina vs Saudi Arabia. 99%, the match will be won by the stronger team.
because of that, the odds that the bookie gives are very low for the Argentinian team. because however, in terms of player depth, skills, readiness, mentality, the Saudi Arabian team is far below the level with Argentina.

The thing is odds allocation by bookmakers is not in any ways related to the outcome or the strength of the team, bookmakers already know the uncertainty of the outcome of bets and so the give an odds that will give the casino more return should in case the bet is lost and to pay out smaller rewards if the bet is won, that is why you see odds variations, some clubs are given bigger odds knowing fully well that it difficult for the team to win, this is a mechanism.
The player that lost 1.4 millions dollars may have been influenced by odds variation making him to have confidence in his perceive winner to the point of staking such a huge amount on the bets. And just as you have rightly said gambling is a luck base activities may be this day the player ran out of luck.

Am not too sure that OP already has been taking this kind of risk involving huge amount before like this, maybe this was his first time and he's now regretting taking such step, when we talk about odds in gambling, sometimes it's to decieve us from seeing the possible outcome for games we play, even though many gamblers understand that it's all about taking a risk but some odds too serve the purpose of distraction for the greedy and overconfidence gamblers like him.

Regret do always come at the end  which it would really be that normal that someone would really be having that regretful feeling about on what he had done considering that huge money was lost due into that 

situation where he do believe that it was a sure win.Thing here is that you shouldnt really make yourself that confident when it comes to gambling, no matter how one sided the match would be, there's always that

chance or odds for some upset and this is where they should really be thinking or minding of. Even on 1.01 odds, chances of losing is still there and it shouldnt really be ignored and the best way is not
to go all in and never make those huge bets if you cant really be able to afford if ever you would be losing that.

[Baofeng]

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

True, but for sure you know that it's business for them, and this gamblers can look for other casino to put his big bet. On the other hand, there could be gamblers as well looking for other casinos, so still a win win for the casino itself.

He has every right to close his account if he feels he was not treated by exposing the amount and what are the odds and that he losses (without naming him).

[dezoel]

In my own opinion I just see it as a risk, but the question is , was the risk worth it?? Using 1.4million dolls to bet 1.01 odd to me its insane because the money you are expecting to win is not worth the risk, but everyone is entitled to their own opinion and risk .

For me, it's just too risky. I mean, spending 1.4 million dollars to bet on a 1.01 odds? That's crazy. The potential winnings aren't worth it, in my opinion. But hey, everyone's got their own risk tolerance and opinions. I guess it just depends on how much you're willing to risk for a chance at a big payout. But it's important to consider all possible outcomes, not just the potential reward. And you better have a plan if things don't go your way.

With that amount of money, I expect that the winnings are still going to be a little beefy even for them who are already rich and I think there is no brainer on why they choose to gamble that high on the tiniest number of odd and that is because they think it was less risky but unfortunately gambling is gambling and there is always a good chance to lose.

But, I think them as a bettor already knows this possibility so we must not be alarmed to what had happened. That was his playstyle but my playstyle would be to have a small capital and gamble with higher payouts. I always feel that it's less riskier plus there is no hard feelings when I lose this way.

[khaled0111]

..

Well, since the gambler who placed the bet didn't have his identity revealed, as the article says, I think there isn't any issues in sharing the fact with more people through the news article

After reading MiliMil's post, I had to read the article again to see if they published any personal information about the unlucky gambler because if they did it would be a disgrace indeed. But they didn't. They referred to him as unlucky gambler. So, I don't see anything wrong here as long as the gambler's identity remain secret.
Most of casinos' ToS state that they reserve the right to publish your bets details in case of a big win and promise not to reveal your identity.

[betnomi.com]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

[Lanatsa]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

Managing other peoples money and able to accumulate that big or pouring it all on a single bet? Pretty sure that he would be facing up much more bigger problem if thats the case on where those bettors
or the ones who do let their funds been handled or do make out some guarantees will really be in rage on what happened and that would really be imposing some risk into his own life if ever,
but in most cases it is really just that nearly impossible that he would be able to accumulate that big unless if he do have some rich clients but this isnt always the case.
This is really a lesson learned thing for him.

[bitbollo]

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

sportsbook has confirmed this information.
initially has been released shared by this tweet https://twitter.com/darrenrovell/status/1614603901021437954

For a certain point of view, this is a way for promoting their activities, a lot of people talked about them and know we know that they are able to accept such huge bets...

[Jemzx00]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

If that person was really is managing someone else funds and wanted to earn a quick buck then he f*cked up on losing on this one. This could potentially cause him some jail time unless he will be able to cover the loss on that bet.

I could also imagine these kinds of things happening on those investment schemes where people would be paid off in a certain amount of time by investing and those people will they've invested on will trade their funds or gamble with it.

[romero121]

Am I the only one who thinks it's disgraceful the sportsbook released that information?

It is disrespectful to the gambler.

If that was me I would close my account and never gamble with that company again.

Discretion is everything in this game and these idiots have lost a lot of credibility in my opinion.

sportsbook has confirmed this information.
initially has been released shared by this tweet https://twitter.com/darrenrovell/status/1614603901021437954

For a certain point of view, this is a way for promoting their activities, a lot of people talked about them and know we know that they are able to accept such huge bets...

This also shows, anything could happen with sports betting and the importance of luck. Just because we go with the odds by the sports book or the prediction data provided by different platforms, it doesn't mean we'll win the bet. I'm sure then onwards while betting everyone will think twice whether to go for big money on small odds.

[adzino]

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

One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)

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?

Lesson well learned I guess. He probably thought he can make some quick money placing bets with extreme high winning chance, but the house edge got him. I don't think this is going to affect him much. Someone who can wager $1.4 million in one single bet probably has more millions of dollars lying around.

Anyway, people should be aware of the risks. I have seen people chasing losses, but going all in  with low odds but ends up losing everything. Gambling is risky, and in the long run, it is always the casino that wins.

[Kemarit]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.

So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.

And yes, just like the rest of us says, no safe bet even at that ridiculous odds.

[Fivestar4everMVP]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.

So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.

And yes, just like the rest of us says, no safe bet even at that ridiculous odds.

If the 1.4 million the gambler gambled away is not his money(which I believe is unlikely) then that is the worst mistake any gambler can make, and I will tell that this gambler is in for a big trouble, ending up in jail is a very high possibility..

But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.

[TravelMug]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.

So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.

And yes, just like the rest of us says, no safe bet even at that ridiculous odds.

If the 1.4 million the gambler gambled away is not his money(which I believe is unlikely) then that is the worst mistake any gambler can make, and I will tell that this gambler is in for a big trouble, ending up in jail is a very high possibility..

But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.

I don't know, but if I will guess, yeah, I believed this is the gamblers own money. I mean if I'm a gambler and trusted by that kind of huge money, I might not put that in line because I will know the consequences of my action specially if I don't have the money to cover it, so what will I do? hide for the rest of my life?

Anyhow, for sure by now he is over with it and probably still gambling with the same casino or new one and could be betting that huge. Not to recover his losses, but most probably trying to enjoy and have fun with sports betting because he got more money to burn.

[maydna]

For some reason, it seems to me that this player easily parted with this amount.

Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.

Anyway, this should be a great lesson for those with gambling problems.

But it could be worst if this is other people's money that he gamble and think that he can flip it quick and make a lot of money. And by that case, how can he pay those people now if he has taken the risk, that is the worst decision that this player will made, playing not his money but others who have trusted him.

So still gonna be sting, even if it from some millionaires, that $1.4 Million still, and for us, still big money to gamble.

And yes, just like the rest of us says, no safe bet even at that ridiculous odds.

If the 1.4 million the gambler gambled away is not his money(which I believe is unlikely) then that is the worst mistake any gambler can make, and I will tell that this gambler is in for a big trouble, ending up in jail is a very high possibility..

But I still believe that the gambler gambled away his own money, this is because putting a whopping 1.4 million dollars in a single bet, simply mean that the gambler is not a newbie, he or she already knows the rules in gambling and know that gambling with other people's money is too risky, so I believe he won't do that, not even with such a high amount of money.

I don't know, but if I will guess, yeah, I believed this is the gamblers own money. I mean if I'm a gambler and trusted by that kind of huge money, I might not put that in line because I will know the consequences of my action specially if I don't have the money to cover it, so what will I do? hide for the rest of my life?

Anyhow, for sure by now he is over with it and probably still gambling with the same casino or new one and could be betting that huge. Not to recover his losses, but most probably trying to enjoy and have fun with sports betting because he got more money to burn.

If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.

[klidex]

If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.

I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.
He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it it is not a large amount because surely he is a person who has more and more wealth.