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

[ethereumhunter]

Logically right, gambling with moderation to control possible big damages with your finances, though there are people or gamblers who already have addiction problems, the kind of a gambler that they are not worried about the big risk that they are taking. We can't say what are the reason behind they've got their own reasoning and they are willing to gamble with fate and luck.

If they win, they will continue and the same way if they will lose, that willingness keeps them moving forward.

That's right, only they know why they used that big money and we can only guess. But some people use big money to gamble because it's tempting to get a big win quickly, but it won't always happen because that's gambling. At this time, we can win. At other times, we can lose a lot of money.

Only by controlling the use of money that we can do and always trying to stop before our money runs out can we prevent big losses. The more money we use, the greater the risk of losing that money at the gambling table.

Yeah!  These are your golden words.   

Of course, you need to be wise and calm and prudent when it comes to gambling.  This, I think, is generally understood by everyone.  Only, alas, they understand until they start playing and lose even a little bit.  This is where the excitement comes in!  And not every person can retain his wisdom and caution, characteristic of him in ordinary life.  At the gaming table, the player's behavior changes and he begins to behave more risky.  Actually, the entire gigantic gambling industry all over the world is built on this general characteristic of the human psyche.  So, of course, you can wish for what you said.  But it is difficult to fulfill this wish.  At this point, the wisdom of a person leaves him and passion and excitement come to replace her.

These people understand that they have to be wise and calm but sometimes, when they win or lose, they are triggered to do more than before, making them often experience defeat. If they get a win, it doesn't matter, but they often experience a losing streak that can make them feel disappointed and spend more money. Yes, I agree that people's behavior can change at the gambling table according to what they experience. And without wisdom, self-control, and composure, they would lose all their money even a minute later. The human mental condition will change according to the situations and conditions they experience. The casino knows this and uses it to continue to tempt gamblers to keep playing until the money runs out.

Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.
Only certain people can do budget calculations for gambling, not only rich gamblers, but even small gamblers who only have limited money will never be able to calculate their budget if they are really crazy about gambling and think gambling is everything for them.
In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.

Yes, that's natural but before they decide, they should look at their own capabilities and still not take big risks because we won't know what will happen. Maybe we can win but vice versa.

So if we can resist the temptation to get big wins, we can also prevent big losses when gambling. Yes, some people have a lot of money and can play gambling with big bets and accept the risk of losing all their money. And maybe they realize that using big money doesn't guarantee they can get big wins either.

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[arwin100]

In the case of this gambler, it is a clear case of gambling addiction if not how can a player bet a woooping 1.4 million on a bet simply because he is following odds, this is a clear case of disorder and the individual should be checked to avoid a future bad situation.

It could be that the person who has lost is just an ordinary gambler who is not addicted to gambling but wants to win the game by using lots of money as a bet.
All we know is that person has suffered so many defeats that we can't even imagine if that happened to us.
Well, maybe the person needs to be checked to see if he has a gambling addiction or if he just lost control because he wanted the big win.
But it should be avoided by all gamblers because it is not worth using a lot of money to gamble, especially small gamblers.

I think that gambler is addicted because as we can see that 1.4million USD is very big money. I think that gambler is not contented on what he/she have or Greed is controlling him as was all know that once a tour greed will control then you don't care if you will loss and only thing came up your mind that you will Win and win .
We can not denied the fact that once we loss we need to revenge and win.

There is no doubt about the greed that the gambler fell into. Otherwise, why would you want to take such a big risk? He might have been sure that he would win that bet. He had no idea that he might lose in that particular bet. But I doubt how badly his human condition could have deteriorated after losing such a large bet. Most people think that those who can place such big bets have enough money. However, placing such a large bet at 1.008 odds is quite addictive. I am sure that such trends cannot keep the betting life normal.

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

[Wexnident]

Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.

I reckon every gambler, whether they're rich or not, has had the same experience. It's not really being crazy about gambling imo, it's just the thrill sometimes gets into our heads. There are instances after all where our bankroll is pretty big, maybe due to depositing too much with the intent of playing for long, or just because you left a pretty big amount from your past session.

In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.

I honestly don't think people think about what they're going to lose when they start gambling. Maybe beforehand, when they're setting how much they deposit (since it's already lost in their minds), but during? Nah, that's just like tokens, just keep spending it on arcade games till it's pretty much gone (or you're satisfied, whichever comes first).

[Peanutswar]

Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.

I reckon every gambler, whether they're rich or not, has had the same experience. It's not really being crazy about gambling imo, it's just the thrill sometimes gets into our heads. There are instances after all where our bankroll is pretty big, maybe due to depositing too much with the intent of playing for long, or just because you left a pretty big amount from your past session.

In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.

I honestly don't think people think about what they're going to lose when they start gambling. Maybe beforehand, when they're setting how much they deposit (since it's already lost in their minds), but during? Nah, that's just like tokens, just keep spending it on arcade games till it's pretty much gone (or you're satisfied, whichever comes first).

That's the essence of gambling if you cannot manage the risk on your self I guess you don't have a gut to win a huge amount but of course not all the time there's a possibility that you could win still depends on your decision sometimes people keep winning and continuously playing and make revenge gameplay that's why they lose a lot. Even though its just entertainment still ideal if they make management with their gambling activity such as having a limitation with themselves and just a gamble just a set of money so they can play a lot more else they just ignore the money they have and keep playing for satisfaction.

[Shamm]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

[coinerer]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

[JooBra]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.

[slapper]

~Snip~

Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.
Only certain people can do budget calculations for gambling, not only rich gamblers, but even small gamblers who only have limited money will never be able to calculate their budget if they are really crazy about gambling and think gambling is everything for them.
In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.

I believe that fast game judgments can cost you a lot of money. As a former gambler, I can state that betting is entertaining, but we must have our wits about us and never let the prospect of enormous wins cloud our judgment. We must set and follow a budget regardless of how much we bet. It's easy to forget how a failing plan could damage your finances when you're excited. Even with a large investment, you may not win much. Bet carefully. These steps will let us enjoy gaming without losing too much money

[coinerer]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.

A $500 to $3000 return means 6.00 Odd can never be a safe bet. That team was so weak that they scored a goal and offered 6 odd after 87 minutes of play.  Because they had no confidence that they would win the match.  So they offered high odds even at the last minute of the game. And it was a great trap for many to make big losses. And your friend fell victim to it too

[rahmad2nd]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

But in fact, it's just your belief. in fact, we can't even fathom how regretful he is from his loss. maybe, the opposite happened. so far, we can only assume. it could be, that this man has very abundant funds. after all, he really bet with a very fantastic amount. let's imagine otherwise, maybe he is a wealthy man who is betting on the team he idolizes. So, what is certain is that we will never know because in the link that the OP shared, it doesn't even tell the background of the man who risked 1.4 million USD.

But I agree with you, that betting like that is a really crazy idea. because of the fact, we would not dare to bet such a fantastic amount. but for sure, this is a gamble. some win, and some lose.

[ScamViruS]

This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.

[Hamphser]

This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.

1% or 0.1% is just the same.  

As long the count doesnt go to 0% then there's always a chance of losing no matter how small or minimal it would be.This is why we shouldnt really be that
too confident and believe about sure bets because it would really be a total disaster of your funds.Plus its never been worth on risking on a bet having the odds of 1.01 below.
If you do have lots of millions to be burned then go ahead but if you are risking a huge portion of your money then its a suicide.

[traderethereum]

This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.

Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.

[peter0425]

This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.

Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.

the involve person is truly a Millionaire and not giving a big issue about losing a Million dollar , but if he is a ordinary person that only got a chance having this amount once in a lifetime? surely he will regret this forever or maybe end his life for good.
and avoid losing? this is something we cannot predict in gambling owrld.

[ScamViruS]

This is normal in gambling, it doesn't matter whether the fund amount is big or small. Maybe the gambler now realizes how risky it was to bet such a large amount. There is no such thing as low risk in gambling and this gambler's loss will warn many more gamblers to make decisions without being overconfident. After seeing this loss, I was horrified to see how important it is to know the risks involved before making any financial decision.

Well, maybe it's normal for those who are used to losing a lot of money in gambling.
But those who see it will probably blame him because he has used a lot of money to bet and we always recommend betting small amounts.
The risk of losing in gambling will always be there and we have to be smart in managing the risk so it doesn't become big.
If we can avoid the risk of losing huge amounts of money, we will always be careful when using money to gamble.

He can afford to gamble with this amount of money which means he was a millionaire. Having millions of dollars and using them in the most risky places without any risk management is not a good decision. He had to pay a huge price to understand that there is never 100% sure in betting. So it was a great lesson for him to learn by losing millions of dollars. And his experience will make other gamblers more interested in risk management.

[JooBra]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.

A $500 to $3000 return means 6.00 Odd can never be a safe bet. That team was so weak that they scored a goal and offered 6 odd after 87 minutes of play.  Because they had no confidence that they would win the match.  So they offered high odds even at the last minute of the game. And it was a great trap for many to make big losses. And your friend fell victim to it too

No he was playing small odds like 1.1 for over a couple of months until he got to 3000$ in total. Maybe I explained it bad sorry.

[EarnOnVictor]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.

What a story! But I would love it if you can clarify better. What I could infer from your story is that your friend started with a safe bet but ended aggressively, am I correct? Because we can't call it a safe bet anymore when the gambler resolved to bet all his money in just a live game, am I also correct?

No game is certain except that some are worth trusting, but when it has become live, I see nothing safe in that. Perhaps, people often mistake the term "safe bet."

[JooBra]

Really a crazy idea to bet that way but I think he just want to test he's luck then try if you could win that since its a good win for him if luck is on his side. But tables turn down and he encounter a big losses so I guess its better luck next time to him, but I'm sure he regret those action he take because losing 1.4 million USD in a single bet is a bad experience to get a any gambler.

All is this thing's will happen to everyone of us if we can not control our self as we all know that in the world of gambling we must double and plan in our single moves because if greed will take our mind so there's no way out. Through greed we loss everything. And 1.4 million USD is quite big amount of money to loss and this gambler we can say is that his luck is not on his/her side for this time.

There are many who want to bet safe and bet at very low odds so that they can win the bet very easily.  And for low odds they have to bet a higher amount to get a better amount of profit.  So here this guy bet 1.4 million dollars at 1.01 Odd and if he won here he would have profited about $14,000.  But even with such an easy bet, he lost the bet and lost $1.4 million. This may be the cause of his bad luck.

I know a friend how did pretty similar thing on smaller scale, started with 500$ on safe bets and got to 3k after some time. At the end he lost on an bet when he placed live at score 1-0 (soccer 87min) that it would end with less then 3goals. In couple of minutes it was 3-1 at the end and he lost it all. The strategy can work but when to go out needs to be known.

What a story! But I would love it if you can clarify better. What I could infer from your story is that your friend started with a safe bet but ended aggressively, am I correct? Because we can't call it a safe bet anymore when the gambler resolved to bet all his money in just a live game, am I also correct?

No game is certain except that some are worth trusting, but when it has become live, I see nothing safe in that. Perhaps, people often mistake the term "safe bet."

Well he stared with 500$ and he kept going all in with his bets. He is Real M fan so he played on them with all money. He didn't split bets. If he won 1.1 with 500$ thats 550$ and next bet he put 550$ and so on. The game he lost was RealM vs Valencia or Villareal(cant remember exactly), the score was 1-0 until the 87min when he placed the bet to be 0-3 goals. The odd was low maybe 1.1 or lower. And he lost the bet at the end. 

[klidex]

.

Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.
Only certain people can do budget calculations for gambling, not only rich gamblers, but even small gamblers who only have limited money will never be able to calculate their budget if they are really crazy about gambling and think gambling is everything for them.
In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.

Yes, that's natural but before they decide, they should look at their own capabilities and still not take big risks because we won't know what will happen. Maybe we can win but vice versa.

So if we can resist the temptation to get big wins, we can also prevent big losses when gambling. Yes, some people have a lot of money and can play gambling with big bets and accept the risk of losing all their money. And maybe they realize that using big money doesn't guarantee they can get big wins either.

I'm sure they already know and are aware of their own abilities so they have the courage to take the step of making a bet with a large amount and a large risk.
In fact, I have the thought that they dare to make this bet because it is certain that in each bet they use large amounts of money and do it often so that if they lose one bet they can get back the previous win.

Of course every gambler has experienced something where they dare to take risks because there is an opportunity to be able to win a lot of money, but I consider that kind of thing to be natural because every gambler definitely wants and has the option to be able to have large amounts of money from the results of the gambling he has do.

I reckon every gambler, whether they're rich or not, has had the same experience. It's not really being crazy about gambling imo, it's just the thrill sometimes gets into our heads. There are instances after all where our bankroll is pretty big, maybe due to depositing too much with the intent of playing for long, or just because you left a pretty big amount from your past session.

It seems like making a deposit with a large amount is not to make a bet for a long time but really want a big win with a fairly large number of bets too

In fact, they are not aware and think about how much betting money they will lose if they already have the option of getting rich or getting richer from the results of gambling.

I honestly don't think people think about what they're going to lose when they start gambling. Maybe beforehand, when they're setting how much they deposit (since it's already lost in their minds), but during? Nah, that's just like tokens, just keep spending it on arcade games till it's pretty much gone (or you're satisfied, whichever comes first).

Every gambler will surely realize that when they start making deposits and starting the game it will give them the risk of losing everything. However, because there is an option to get a lot of money by winning gambling, they dare to take risks and not think about many things that will happen.
Things like this naturally happen to every gambler.

[Wapfika]

Well he stared with 500$ and he kept going all in with his bets. He is Real M fan so he played on them with all money. He didn't split bets. If he won 1.1 with 500$ thats 550$ and next bet he put 550$ and so on. The game he lost was RealM vs Valencia or Villareal(cant remember exactly), the score was 1-0 until the 87min when he placed the bet to be 0-3 goals. The odd was low maybe 1.1 or lower. And he lost the bet at the end. 

I don’t understand exactly how the odds is so low if he is predicting a 3-0 score while the live score is 1-0 on 87 minutes mark? The odds should be high if he is predicting an outcome that needs 2 more goal to fulfill for a short period of time. I believe he is betting below 3 total score if I’m not mistaken because that’s the only way for a bookmaker to provide a low odds for that game condition.

Anyway it sucks but it’s really possible since Mbappe manage to tie a 2-0 score on world cup against Argentina which is very hard to do.