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

[coinerer]

It is a result of his bad luck that such incidents happen a lot because gambling results can never be guaranteed so anything can happen at any time.

actually it is not bad luck but irresponsibility mate, 1.4 million? where in the world that you will be betting this for single shot? will never do this

Those people who make big bets are those who have huge amount of money. As much as I'd be afraid to bet $100 , they wouldn't be as afraid to bet a million dollars. Because they are billionaires and we are poor people. Whereas we cover household expenses between $100-200 per month, they take $10000-20000 per month. With that money we can meet the expenses of 5-6 years. This is the reason. Those who have wealth also spend more and they don't hesitate to spend lakhs of dollers on simple tasks.

[maydna]

Not saying that the bettor is dumb but with that amount, he can diversify it thru several bets playing at the odds of around 1.5.

I'd rather bet on odds as high as @2 instead of going all-in at @1.01.

He probably thought that you can't lose match with such low odds. Match going south at such odds was significantly less but not null,. I think he misunderstood between the two.

He shouldn't think like that because no matter what chance he set, he would have a chance of losing. And if he plays sports betting, he should think about the surprise factor that often appears in the middle of a match or the second half. He has to learn from his defeats and not repeat them, but that is also if he still has a lot of money to gamble again. Otherwise, he would be bankrupt because he had lost so much.

And the truth is that we can't just rely on the odds where to bet, sometimes happens to me that I put on higher odds but still lose. And probably it can happen in the opposite way. This will tell us that winning in gambling is 50/50 chances, if we are too lucky then we have a chance but that person as OP has mentioned might use his head but he does it without hesitation and loses millions.

Odds can change before a minute of the match starts, and that can cause us to lose if we place in the opposite direction, and it can also happen the other way around. And it's true, our chances of winning at gambling are 50/50, but when the game has started, our chances of winning can be below or become 30/70 or we don't even have a chance. But some people can win and even win a lot of money, and it will depends on their luck when playing gambling.

[leonair]

It is a result of his bad luck that such incidents happen a lot because gambling results can never be guaranteed so anything can happen at any time.

actually it is not bad luck but irresponsibility mate, 1.4 million? where in the world that you will be betting this for single shot? will never do this

Those people who make big bets are those who have huge amount of money. As much as I'd be afraid to bet $100 , they wouldn't be as afraid to bet a million dollars. Because they are billionaires and we are poor people. Whereas we cover household expenses between $100-200 per month, they take $10000-20000 per month. With that money we can meet the expenses of 5-6 years. This is the reason. Those who have wealth also spend more and they don't hesitate to spend lakhs of dollers on simple tasks.

right but But No matter how much money a person owns, if he loses his money for any reason, he will surely suffer and where the praise of 1.4 million comes, it is certainly not easy to accept. If that person had thought it trivial, word would have spread that someone had lost a $1.4 million bet. According to your opinion if they spend $20,000 per month for the family.  So $1.4 million equals about 6 years of their expenses. and meanwhile 1.4 million dollars is a lifelong dream for people like us 

[BobK71]

It is a result of his bad luck that such incidents happen a lot because gambling results can never be guaranteed so anything can happen at any time.

actually it is not bad luck but irresponsibility mate, 1.4 million? where in the world that you will be betting this for single shot? will never do this

Those people who make big bets are those who have huge amount of money. As much as I'd be afraid to bet $100 , they wouldn't be as afraid to bet a million dollars. Because they are billionaires and we are poor people. Whereas we cover household expenses between $100-200 per month, they take $10000-20000 per month. With that money we can meet the expenses of 5-6 years. This is the reason. Those who have wealth also spend more and they don't hesitate to spend lakhs of dollers on simple tasks.

right but But No matter how much money a person owns, if he loses his money for any reason, he will surely suffer and where the praise of 1.4 million comes, it is certainly not easy to accept. If that person had thought it trivial, word would have spread that someone had lost a $1.4 million bet. According to your opinion if they spend $20,000 per month for the family.  So $1.4 million equals about 6 years of their expenses. and meanwhile 1.4 million dollars is a lifelong dream for people like us 

It mainly depends on the ability. The person who lost 1.4 million must have that amount of money. Those who gamble with big money will have different plan. Where $100 betting is much for many of us, some are trivializing the money. And many may put their minimum betting amount above 100 dollars. Basically the betting amounts depending on the financial condition of a gambler.

[len01]

that guy is putting his million dollar bankroll at low odds hoping just a small win is okay. and while he may lose millions of dollars, it doesn't matter to him that it may not be part of his entire fortune.
99% chance of winning there is still 1% chance of losing. sometimes a gambler ignores these things.
if you think about it it's true that the wrong move when betting millions of dollars at odds of 1.01 is just ridiculous. because for the sake of a little profit he dared to take a 1% risk of losing and in the end it happened.
even though there are lots of odds options above 1.5 which might be more profitable. who knows what he thought at that time risking for the sake of a small profit opportunity.

When you do have millions of dollars or simply being rich then its impossible that you cant be able to picture out those risk and it is really just that there are people who do really be able to burn up their money on just
simply trying out to earn peanuts which it isnt even worth or just simply they are really that too much confident on such bet.Its true that even its 99% winning rate but still that 1% could possibly hit.
This is always the case that would happen if you are really putting all in on a certain bet and lose up big time and just trying to snip up some small wins.Yes, we dont know if this is his overall
riches considering that he had millions and able to make bets out of that then assume that he had lots.

but from the statement above I remember something that not all gamblers gamble to get money or just to multiply money, but some gamblers bet for fun. well, that could be included in the category of gamblers who bet just for fun.
because judging from some of the statements, it doesn't look like the man lost even though he clearly lost 1 million dollars. at least if he bets $1 million to win and he loses instead, he should have a regret-like reaction. but he seems to feel that everything is fine.

[Fredomago]

Op's topic is a good example that even you pick 99% of winning you can still lose your bet and there's nothing you can do to change the outcome once it's already been concluded.

Upset really happened. Actually, it's not about the upset but I just can't believe someone is willing to gamble millions of money when in fact the return is only a few thousand. Even if that's a 99% chance of winning, I can't easily just put my million in a gambling site for betting when the return is just a few amounts.

Not saying that the bettor is dumb but with that amount, he can diversify it thru several bets playing at the odds of around 1.5.

I'd rather bet on odds as high as @2 instead of going all-in at @1.01.

  -   We can't do anything about that mate, it's obvious that the bettor who did that is a rich person who has a penchant for wasting money on gambling.

Most people indeed regret the amount of the loss because with 1M$ you can live a simple life that is not difficult, and have a business and a car no matter what the truth is, but in reality, it seems like nothing and just like a coin to him.

I do agree with that, or we never know if the bettor is really rich or just mistakenly over confident that he won't suffer from that kind of upset and yolo out for this event. But the possibility that he is a rich person and capable to risk that huge amount of money is high, nothing he can do about it as it luck didn't permit him to win but instead the direction turn the other way and bookies win against him.

[redsun114]

It mainly depends on the ability. The person who lost 1.4 million must have that amount of money. Those who gamble with big money will have different plan. Where $100 betting is much for many of us, some are trivializing the money. And many may put their minimum betting amount above 100 dollars. Basically the betting amounts depending on the financial condition of a gambler.

We don't know mate as there are people who bet all his stuffs (house, cars and every valuable things) as his last bet in hopes of recovering all what he have lost earlier or in the past. This is how desperate an addicted gambler can be. They can do anything for the sake of gambling even if the consequences is not good. I wonder if what are those plans the big gamblers have? And what is their difference to the plans that we small gamblers have? Well for me as a small gambler.

My plan is just to gamble tiny amounts or the excess amount of my salary just to enjoy. If I lose it then I can just move one pretty easily. I don't plan on gambling again until my next salary.

[erep]

I do agree with that, or we never know if the bettor is really rich or just mistakenly over confident that he won't suffer from that kind of upset and yolo out for this event. But the possibility that he is a rich person and capable to risk that huge amount of money is high, nothing he can do about it as it luck didn't permit him to win but instead the direction turn the other way and bookies win against him.

I suspect that there was an error in determining the chances of winning but he has already used high bets because his predictions have missed the final results of sports matches, of course he is a rich man because he keeps a gambling balance of up to millions of dollars but he is not willing to accept the loss of those funds because he thinks he has a high chance of getting victory but he failed and had to accept the loss of millions of dollars.

[wxa7115]

I do agree with that, or we never know if the bettor is really rich or just mistakenly over confident that he won't suffer from that kind of upset and yolo out for this event. But the possibility that he is a rich person and capable to risk that huge amount of money is high, nothing he can do about it as it luck didn't permit him to win but instead the direction turn the other way and bookies win against him.

I suspect that there was an error in determining the chances of winning but he has already used high bets because his predictions have missed the final results of sports matches, of course he is a rich man because he keeps a gambling balance of up to millions of dollars but he is not willing to accept the loss of those funds because he thinks he has a high chance of getting victory but he failed and had to accept the loss of millions of dollars.

There was no mistake on the odds being given, the chances of winning their bet were indeed that high, it was almost impossible for them to lose that bet and this is what lead them to bet such a fortune in a single bet.

But even if losing was unlikely to happen it was not impossible and this gambler discovered this the hard way, it is for this reason I do not think the bet itself was a mistake, the mistake was the excessive amount they bet in a single event, a common mistake as I remember some users complaining about something similar happening to them.

[ethereumhunter]

I do agree with that, or we never know if the bettor is really rich or just mistakenly over confident that he won't suffer from that kind of upset and yolo out for this event. But the possibility that he is a rich person and capable to risk that huge amount of money is high, nothing he can do about it as it luck didn't permit him to win but instead the direction turn the other way and bookies win against him.

I suspect that there was an error in determining the chances of winning but he has already used high bets because his predictions have missed the final results of sports matches, of course he is a rich man because he keeps a gambling balance of up to millions of dollars but he is not willing to accept the loss of those funds because he thinks he has a high chance of getting victory but he failed and had to accept the loss of millions of dollars.

Even if he is a rich man, if he loses a lot of money at gambling, he will experience disappointment. Still, that disappointment is not what most people experience, and they will get frustrated seeing the loss. The disappointment of the rich and most people will be different and we will never know how that person expressed it. But for a gambler, that amount is a lot of money and he must have more money than the amount he has gambled and lost.

[Fredomago]

I do agree with that, or we never know if the bettor is really rich or just mistakenly over confident that he won't suffer from that kind of upset and yolo out for this event. But the possibility that he is a rich person and capable to risk that huge amount of money is high, nothing he can do about it as it luck didn't permit him to win but instead the direction turn the other way and bookies win against him.

I suspect that there was an error in determining the chances of winning but he has already used high bets because his predictions have missed the final results of sports matches, of course he is a rich man because he keeps a gambling balance of up to millions of dollars but he is not willing to accept the loss of those funds because he thinks he has a high chance of getting victory but he failed and had to accept the loss of millions of dollars.

There was no mistake on the odds being given, the chances of winning their bet were indeed that high, it was almost impossible for them to lose that bet and this is what lead them to bet such a fortune in a single bet.

But even if losing was unlikely to happen it was not impossible and this gambler discovered this the hard way, it is for this reason I do not think the bet itself was a mistake, the mistake was the excessive amount they bet in a single event, a common mistake as I remember some users complaining about something similar happening to them.

Precisely! even in that high percentage bet to win, unexpected things can happen, and this gambler experienced it the hard way after placing that huge amount of a bet for his selected team to win. No one can accurately predict the potential result aside from those rumors of fixed makers who control the game and put a huge amount of money to secure the win.

Though it's another thing, a rumor that exists behind every sports betting, moving back to the topic, unexpected results inside gambling is not new to everyone, and this topic will serves as a good example of it.

[Botnake]

Precisely! even in that high percentage bet to win, unexpected things can happen, and this gambler experienced it the hard way after placing that huge amount of a bet for his selected team to win. No one can accurately predict the potential result aside from those rumors of fixed makers who control the game and put a huge amount of money to secure the win.

Though it's another thing, a rumor that exists behind every sports betting, moving back to the topic, unexpected results inside gambling is not new to everyone, and this topic will serves as a good example of it.

If he understands the risk most likely he'll be fine after this. It's just a strategy, odds are there for a reason, and that is for us to put our bet. What if that bet won, for sure we will congratulate him and we will be saying easy money. That's $14,000, easy money for one bet, right?

[GigaBit]

Precisely! even in that high percentage bet to win, unexpected things can happen, and this gambler experienced it the hard way after placing that huge amount of a bet for his selected team to win. No one can accurately predict the potential result aside from those rumors of fixed makers who control the game and put a huge amount of money to secure the win.

Though it's another thing, a rumor that exists behind every sports betting, moving back to the topic, unexpected results inside gambling is not new to everyone, and this topic will serves as a good example of it.

If he understands the risk most likely he'll be fine after this. It's just a strategy, odds are there for a reason, and that is for us to put our bet. What if that bet won, for sure we will congratulate him and we will be saying easy money. That's $14,000, easy money for one bet, right?

Yes, this is very simple. generally, when some one win in gambling, we praise and after lose we give various advice's. Gambling is generally dependent on luck. Win or lose is very common in gambling there is nothing to regret about it. A gambler bet $1.4 million hoping to win $14,000. He is naturally different gamblers from others. In once sense it's not a fault for him because he thought probably he win but it didn't happen. He may have placed such bets in the past and won. It is not possible to gain in gambling without taking risk. This is a big risk for those who have less money but not for extra ordinary gamblers.

[Desmong]

Op's topic is a good example that even you pick 99% of winning you can still lose your bet and there's nothing you can do to change the outcome once it's already been concluded.

Upset really happened. Actually, it's not about the upset but I just can't believe someone is willing to gamble millions of money when in fact the return is only a few thousand. Even if that's a 99% chance of winning, I can't easily just put my million in a gambling site for betting when the return is just a few amounts.

Not saying that the bettor is dumb but with that amount, he can diversify it thru several bets playing at the odds of around 1.5.

I'd rather bet on odds as high as @2 instead of going all-in at @1.01.

  -   We can't do anything about that mate, it's obvious that the bettor who did that is a rich person who has a penchant for wasting money on gambling.

Most people indeed regret the amount of the loss because with 1M$ you can live a simple life that is not difficult, and have a business and a car no matter what the truth is, but in reality, it seems like nothing and just like a coin to him.

Sometimes the reason why the gambler loses that kind of money may be because of addictive urge to gambling.
We need to be very satisfied with way we gamble even though we had some loses we need to make sure that we leave gambling when we have made some profits or when we have had some loses.
It is not good to keep gambling for long.

[OgNasty]

Just a thought...  Could you imagine if he took the other side of that bet by accident?  Imagine the pain as he pressed the button only to realize he'd made a mistake and bet against impossible odds...  The horror and rush of emotions...  Then to find out you just won hundreds of millions of dollars through the mistake.  That would have been absolutely epic.  Probably enough to give the guy a heart attack.  Still, a click of a button only an inch the other way and it could have been life changing for the good instead of the bad.  What a story that would have been.

[Ebede]

Sometimes the reason why the gambler loses that kind of money may be because of addictive urge to gambling.
We need to be very satisfied with way we gamble even though we had some loses we need to make sure that we leave gambling when we have made some profits or when we have had some loses.
It is not good to keep gambling for long.

From what I've noticed so far I will say that when some people get locked into their gambling of the things you that they have not go through the platform and the game exactly there are playing before they have to stick their sleep so that is one of the things that make some people to lose in gambling it is very  necessary can someone be losing gambling and someone can also make it in gambling

[Silberman]

Just a thought...  Could you imagine if he took the other side of that bet by accident?  Imagine the pain as he pressed the button only to realize he'd made a mistake and bet against impossible odds...  The horror and rush of emotions...  Then to find out you just won hundreds of millions of dollars through the mistake.  That would have been absolutely epic.  Probably enough to give the guy a heart attack.  Still, a click of a button only an inch the other way and it could have been life changing for the good instead of the bad.  What a story that would have been.

That would have been an awesome scenario, and while not exactly like that whenever there is a huge upset we hear of gamblers making a fortune in a single bet, the most recent instance of this which comes to mind is the first fight of Ruiz vs Joshua in which Joshua was to overwhelming favorite only to be upset by Ruiz, and if I remember correctly some casinos admitted they even lost money due to the outcome of the fight.

[Wiwo]

  -   We can't do anything about that mate, it's obvious that the bettor who did that is a rich person who has a penchant for wasting money on gambling.

Most people indeed regret the amount of the loss because with 1M$ you can live a simple life that is not difficult, and have a business and a car no matter what the truth is, but in reality, it seems like nothing and just like a coin to him.

$1million is quite a huge amount to gamble away in just a seating and with all indication as you have rightly said, the gambler must be a rice dude with loads of money to play around with, and most importantly he may have won significant amount also in the past to have build that level of confidence to ulput up such amount in gambling, and the points we should know is that.
*If you want to less you risk of losing huge one need to set limits to how much you can roll in a night or seating.
*Having a set target and if that target is not meant,  there is no need to force it.
*One million dollars is quite a big amount that will go e one a decent life in most parts of the world.

[Mahanton]

Just a thought...  Could you imagine if he took the other side of that bet by accident?  Imagine the pain as he pressed the button only to realize he'd made a mistake and bet against impossible odds...  The horror and rush of emotions...  Then to find out you just won hundreds of millions of dollars through the mistake.  That would have been absolutely epic.  Probably enough to give the guy a heart attack.  Still, a click of a button only an inch the other way and it could have been life changing for the good instead of the bad.  What a story that would have been.

That would have been an awesome scenario, and while not exactly like that whenever there is a huge upset we hear of gamblers making a fortune in a single bet, the most recent instance of this which comes to mind is the first fight of Ruiz vs Joshua in which Joshua was to overwhelming favorite only to be upset by Ruiz, and if remember correctly some casinos admitted they even lost money due to the outcome of the fight.

Upsets could really happen on any sport or whatever competition and its normal that they would really be causing up huge losses not only into those bettors but also into those bookies.
Whom had really have thought? Its really understandable that bookies would really be going after on things that would benefit them the most but due to some circumstances where
results and outcomes is really totally opposite on what we are expecting.For those who do bet up on underdogs are really that getting soo much profits.
Whom had thought?

[Newlifebtc]

Sometimes the reason why the gambler loses that kind of money may be because of addictive urge to gambling.
We need to be very satisfied with way we gamble even though we had some loses we need to make sure that we leave gambling when we have made some profits or when we have had some loses.
It is not good to keep gambling for long.

From what I've noticed so far I will say that when some people get locked into their gambling of the things you that they have not go through the platform and the game exactly there are playing before they have to stick their sleep so that is one of the things that make some people to lose in gambling it is very  necessary can someone be losing gambling and someone can also make it in gambling

I cannot understand exactly what you are writing or what you are talking about everything that you wrote here is very contradictory to each other so mate can you help us to explain well with another language that we can understand what you are writing so can you help us to explain in two lines or three lines of what you are saying because it is better for you to write what will understand them writing what we cannot understand