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

[babygun]

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

For all the same reasons, a loss of 1.4 million dollar is peanuts for this gambler. Maybe he is an early investor in crypto and made a lot of money with that. We are all responsable for our own betting and even with very low bets you can still feel the excitement!

[EarnOnVictor]

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

For all the same reasons, a loss of 1.4 million dollar is peanuts for this gambler. Maybe he is an early investor in crypto and made a lot of money with that. We are all responsable for our own betting and even with very low bets you can still feel the excitement!

The identity, status, personality and feelings of the gambler were not reflected in the OP or the link posted, so how did you know the amount is a peanut to him? The $1.4M is not small money, and no matter how much this person is rich, he must have felt it because using the money to do better things that are productive would have been pricking his conscience.

The pain that one loses such huge money to a very low stake that doesn't worth much is another emotional torture.

[RILWAN]

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

[kotajikikox]

what you read is about Kid losing million in one night but what this topic tackled is 1.4 million in single bet and that is far different to compare mate, I will never let myself doing this even if I become millionaire in future .
I would rather give that amount to the poor and gamble only part of it than losing it to Gambling owner.
if there are other that can update us all on what and whom that person doing now after this huge losing.

I understand the fact that the two scenarios are different, but then we can also relate to both since they're talking about losses in a casino at a go, while the kid's own story may sound different because he spent that huge amount on betting and others activities in the casino.

exactly , both are the same way of losing  and also correct that we are all learning how to lose like that if given a chance but lucky that I am not millionaire and will never lose that .

-On the other hand, the ops mentioned in this thread lost the $1.4 million in one bet which makes it different from the first story but then we are discussing waste or loses on casinos activities just to gain experience from the both cases and how we view loses from our different perspective.

we are all amazed actually of how much a person can lose in single bet but we cannot become this one (ever)

lets admit that it is a point were gambling considered to be addict and stupid.

[len01]

if you do sports betting, as well as play casino games, chances are that, in the run, you have a higher chance of making more wins than losses in sports betting, but for casino games, you have a high chance of making more loses than wins.
Like i said on my comment in another thread, playing casino games is always very interesting, but it is always hard to beat the house, it doesnt matter how much you win at the initial stage, or maybe mid-way in your gambling life, the sure thing is that, as long as you keep playing those casino games, you end up losing all your winnings, including more, back to the casino.

wait a moment, there is something wrong in your statement.
you say betting on sports betting and casino games in the long run has a higher chance of winning. where did you find this statement?
what I know is that the longer you stay in all types of bets, the faster your money will be spent and the house will beat you in the long run. So I slightly disagree with your statement.
yes there may be a gambler who gets a big win after staying longer at the bet, but that happens very rarely and more losers.

but back to the initial topic that actually it all comes back to each other's luck. even if you spend 1 million dollars, but if you are not lucky, you will definitely get a loss. and conversely, when betting $0.2 but being lucky it will change to $100 after getting a big win.

[Desmong]

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

[Wiwo]

weyhat you read is about Kid losing million in one night but what this topic tackled is 1.4 million in single bet and that is far different to compare mate, I will never let myself doing this even if I become millionaire in future .
I would rather give that amount to the poor and gamble only part of it than losing it to Gambling owner.
if there are other that can update us all what and whom that person doing now after this huge losing .

Hey mate, I shared the kid's story just to illustrate a point and for sure the kid's story is real and in my spare time I will look for the link to prove that point,  the kid in question is from a rich home and his father also have a history of huge gambling addictions.
-Even though I can't be that stupid to bet away such a huge amount in one bet, but I am sure we have a lot of folks and kids from rich homes who can throw off such an amount in just one night's seating.

[stomachgrowls]

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

[BobK71]

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

Yes I would agree with you that odds are not a big factor in gambling. If a gambler finds profit , it is certainly worth it. There is nothing to be trifled with. But risk is a big factor there. Those who can take big risks in gambling can also be successful. Many of us are treating this matter positively and negatively which has no basis. Because a gambler is responsible for his own decisions. Maybe someone has lost at small odds for which we are giving a lot of advice but there may be many who have won big at those odds so what should we advise them? So it is better to rely on their own judgment.

[Fivestar4everMVP]

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.
Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.

[Desmong]

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

This is why I do tell myself that there is nothing like correct score or sure bet because this is only based on our own analysis or the way we see a particular game and how we felt about it. Gambling is also about risks that is why we need to make sure that we add luck to what we are doing so we won't be having consistent losses Everytime.

[stomachgrowls]

The money involved in the gambling site is not the free money,it will be the hard earned money.Most of the people not thinking about this,while making big risk in the life.And the possibility of winning and losing is equal.We may consider it as 50% chance on equal side.So taking full risk also allow to loss and end with 0%.On odd bet,it’s essential to keep the mind for the both results.If you had win,it surely gives you more excitement as compared to the losing time.

It has never been true 50% on casino games, house edge should be counted while you keep clicking bet button. Possibilities of winning are less than losing so we have to be patient and make smart decisions to minimize house edge factor. This gambler made bad decision then busted big money on low odd, we can't blame anyone but gambler who made this bet.

Anything we are doing we need to make sure that we calculate the number or percentage of risk we are taking before we commence gambling. Gambling is all about luck and strategy so that if luck does not work for us our strategies can do that for us with better winnings that could take us to the next level and make us a profitable gamblers

Gambling could neither be strategic and pure luck based but we know that when it comes to sports betting which analysis could really be applied and there are really indeed bettors who are really that too confident on dealing up with things and making those all in type of betting which they had just forgotten about the risk and believing that there's really a one sided match or really that 100% sure which we know that it cant really be that possible.

1.01 or even 1.5 doesnt assure winning or even sticking yourself with the moneyline since we know that gambling does have the risk.This is why its always been recommended that you should make use of money
which you could really afford to lose.This guy had bet up million and to presume that he might have several millions from his stash too, so no one knows.Its their money so they do have the full
rights on what should they gonna do.

Yes I would agree with you that odds are not a big factor in gambling. If a gambler finds profit , it is certainly worth it. There is nothing to be trifled with. But risk is a big factor there. Those who can take big risks in gambling can also be successful. Many of us are treating this matter positively and negatively which has no basis. Because a gambler is responsible for his own decisions. Maybe someone has lost at small odds for which we are giving a lot of advice but there may be many who have won big at those odds so what should we advise them? So it is better to rely on their own judgment.

The thing that boggles up my mind is on how they do really able to cope up with the risk on using up millions just to earn a few thousands? It isnt really just worth it and this is why i would say that there are people who dont bother up themselves just to make or do those things that they do have in mind. Satisfaction is something that we dont really know into each individual even if it turns out that the decision that they had made is really such dumb.Well, just like i said on which its their money so its their control on how they would be making use of it.It is really just that sad that they do lost up millions on game where
they do believe that it is a sure win.This isnt how simple gambling or betting would be.

[brooksby]

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.
Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.

I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.

[Reatim]

what you read is about Kid losing million in one night but what this topic tackled is 1.4 million in single bet and that is far different to compare mate, I will never let myself doing this even if I become millionaire in future .
I would rather give that amount to the poor and gamble only part of it than losing it to Gambling owner.
if there are other that can update us all what and whom that person doing now after this huge losing .

It would not be worth our effort to get that much money if only for gambling and I agreed to give that amount to the poor because the money would be more valuable for them to survive. That is why we must limit the money in gambling so that we do not lose more money. Thus, we can still gamble in moderation and have money for other things more important than just gambling. The person may go through a deep depression because they have lost so much money that we can't imagine it.

You can only think of that because you are not the one who ins involved in this matter , and you are not the gambler like what the person mentioned because if does? surely you will not have this kind of thoughts instead pure betting and winning is what you will get.
also I know that there are several good samaritan that gambles but they will only donate once they win huge amount and not the time before they put the bets.
sorry but this is the reality and not a word to say to save our good thoughts

[slapper]

~snip~

I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.

It's interesting that we presume billionaires can't lose that much money. I can only imagine the exhilaration of the gamble. Who would take such a huge risk? Was it a power play or a risk worth taking?

One wonders what drives such a person. Did they have too much money to spend or were they playing a game? Maybe they wanted to win big! It's logical that such a massive stake fascinates others.

Billionaires have human feelings and desires. Losing 1.4 million dollars affects Elon Musk. I hope the individual who placed the bet could do so without any negative consequences and sleep well, knowing they took a risk few others would. But who in their right mind would risk such an amount on an unlikely event?

[Pierre 2]

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.
Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.

I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.

I didn't consider about this at first sight with news. But its very likely to happen. Rich guys may have bet on each other having balls doing this for sure. I also feel like noone would do this with proper mind. I don't think drugs involved. I think alcohol was surely involved. Gamblers should never gamble when they are drunk. Its possibly the fastest way to lose all money you got. Gambling absurd amount of money would strike you back with headache next day for sure.

[delfastTions]

The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.

I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.
Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.

I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.

I didn't consider about this at first sight with news. But its very likely to happen. Rich guys may have bet on each other having balls doing this for sure. I also feel like noone would do this with proper mind. I don't think drugs involved. I think alcohol was surely involved. Gamblers should never gamble when they are drunk. Its possibly the fastest way to lose all money you got. Gambling absurd amount of money would strike you back with headache next day for sure.

Yes, of course, gambling while intoxicated or, for example, under psychostimulants, or under light drugs is a sure and 100% way to lose all your money that you can afford to lose in gambling.  And it often turns out that even more money to lose than was set aside for the game.  And it will happen much faster than if you were playing while sober.  Of course, you should never play in this state because you lose control of the risks and begin to misjudgment everything.  For the same reason, drunk driving accidents are more common and their consequences are usually more severe than other traffic accidents. 

As for the preliminary conspiracy of two players to simulate a major loss of one of them in favor of the other, it is certainly quite possible to create the image of reckless and insane players and promote their personas on the Internet and other media.  It may well be. 
And we were just thrown misinformation about the loss of such a lot of money by some rich jerk.

[swogerino]

It is good that this thread still goes on.Every time I lose a bet with a really low odd,the minimum odd I put in place is 1.20 and that is coming from a double chance game or from Over 1.5 goals which are my favorite bets to double my money through sport betting.However as all sport bettors I have suffered heavy losses along the way and any time I hit a lost ticket because I use parlays from a single game I come over to this thread and tell myself,this guy lost at an odd 1.01 so there is nothing to worry,this is gambling and I got a motivation boost to continue going chasing doubling of my money consistently.

[ethereumhunter]

what you read is about Kid losing million in one night but what this topic tackled is 1.4 million in single bet and that is far different to compare mate, I will never let myself doing this even if I become millionaire in future .
I would rather give that amount to the poor and gamble only part of it than losing it to Gambling owner.
if there are other that can update us all what and whom that person doing now after this huge losing .

It would not be worth our effort to get that much money if only for gambling and I agreed to give that amount to the poor because the money would be more valuable for them to survive. That is why we must limit the money in gambling so that we do not lose more money. Thus, we can still gamble in moderation and have money for other things more important than just gambling. The person may go through a deep depression because they have lost so much money that we can't imagine it.

You can only think of that because you are not the one who ins involved in this matter , and you are not the gambler like what the person mentioned because if does? surely you will not have this kind of thoughts instead pure betting and winning is what you will get.
also I know that there are several good samaritan that gambles but they will only donate once they win huge amount and not the time before they put the bets.
sorry but this is the reality and not a word to say to save our good thoughts

I never imagined gambling using a lot of money like him because the risk I would receive would also be big. Indeed, when we win the game, our profits will be greater because we use large capital. But on the other hand, our defeat will also be great and maybe many of us will not be able to accept it. And since that person has lost so much money, we hope he doesn't get frustrated and choose a shortcut to end his life. Maybe he can overcome his grief after losing a lot of money or he may still have a lot of other money.

[AicecreaME]

I never imagined gambling using a lot of money like him because the risk I would receive would also be big. Indeed, when we win the game, our profits will be greater because we use large capital. But on the other hand, our defeat will also be great and maybe many of us will not be able to accept it. And since that person has lost so much money, we hope he doesn't get frustrated and choose a shortcut to end his life. Maybe he can overcome his grief after losing a lot of money or he may still have a lot of other money.

This is right. The higher the amount you bet, the higher the risk. But the higher the rewards as well if you get lucky. Although you really have to put in your mind to just bet moderately because nothing is ever certain. Despite having a high odds, it isn't guaranteed that you will win so you still have to be cautious in placing a bet. Making haste decisions will certainly cost you so much later on. If you won't be able to control yourself and limit your expenditures in gambling, there's a chance you'll lose an amount you can afford to let go, which could make you regret big time later on.

Grieving from losses is a process not everyone has the same pacing, so one must really take his time to recover fully before playing and betting again. Having a stable emotions and healthy mental headspace will let you think properly and decide properly. If this will be skipped, there would be a high chance that you will incur more and more losses soon after.