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

[RILWAN]

It's not fsir foranyonee losing a huge amount and the 1.4 million dollar loss for the gambler is quite big unless uf you have not gambled and lost before you want to understand what it means to gamble and lose some amount that feeling is bad and a player may feel worst  right now.

[rahmad2nd]

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We should always put up into our minds that upsets could really happen on sports world on which it would really be just right that you should still minding or be aware about the chance of losing.There's no such thing about sure bet even no matter how one sided it would be, its never been that recommendable for you to go all in and betting up millions just because you are really just that being so sure on what would be the outcome.
This would be the primary result or outcome into those people who are really that confident about their bets. 1% chance of winning could really fucked you up hard and this is the thing you should
bare up into your mind but for sure this would really be that a costly lesson learning.

In a bet, we are very aware that losing is part of the risk of gambling. and in the world of sports, whatever kind. the superior team will not always win the battle, no matter how strong a team is, defeat is something natural. if in a match we can easily guess the final result, then there will be no betting or the gambling house will always lose to the gamblers.

What we need to remember is, in a match there is no definite prediction before the fight ends. not infrequently a strong team can be defeated by a team that is not in the favourite, just like what the OP told in this thread. well, so we can't dictate to someone not to put all their money on the line.  moreover, when a person believes he will win his bet, as in the case of the man who bets $1.4 million. I'm sure he's well aware of the risks. and as long as someone is willing to risk a fantastic amount of money, then he must be prepared to risk defeat.

[paxmao]

Average joe could hardly able to get the total sum of 1+M onpoint on which they could make use of it on their gambling bets which means that this guy might be a multi-millionaire but who really knows,right?

It's possible that some average joe could bet with this much and it just came from his winnings as well. When someone confidently thinks that he'll win with such odds, he can gamble with all the remaining funds that he has.
But that confidence also made him lose as this is gambling, even the tiniest percentage like a zero point something on the odds still means a chance of losing or winning.

Exactly the point bro, but really, not very many persons understand that no matter how small the odds is or are, the chances of winning and losing will always be 50 50 for each sides, many gamblers will never understand this until they are forced to understand the hard way.
I personally never really understood how dangerous it was to be over confident in a game and bet all you have, until I lost about $3000 in a bet, that money was all I had at the time, because of this loss, my business collapsed, I spent several days in the hospital trying to recover from the shock, after I came out from that experience, I knew better that all that glitters are not actually gold.
As long as gambling/betting is concerned, there is no 100 percent sure bet any where.

It's quite very sad you had to go through all this just because of a loss of $3000 in a bet, because with this now, I just wonder what this gambler who lost $1.4million must have gone through after discovering he/she lost the bet which he/she thought was to be a 100% sure winning. Because who knows if he/she is still in a coma yet to recover from the shock?

Like I said in one of my previous comment, only a person who does not understand the value of money would think or say that 1.4 million dollar is a small amount of money for some people, it is never a small amount because getting it is not easy, those who make this amount in a day, week or month, probably have suffered to build that business that is able to generate such an amount in such timeframe, and only a waster will not value this, no matter the amount of money the person have.

what am I saying in essence?, like you, judging from my own personal experience, i am also wondering the kind of situation the gambler that lost this amount could possibly be, this is if he or she is still alive, because loosing this amount of money on one bet could lead a person into committing suicide, most especially, if this is all the person.

Because one thing I have learned from this thread is that no matter how odd seems to be very sure, please always try to bet an amount you can always afford to lose so that if in case it doesn't go as planned, it doesn't hurt you that much.

Exactly what I meant by what I said earlier, this is an important gambling rule but greed would not allow many of us adhere and obey it, like I can confirm completely that greed was what lead me into putting almost $3000 in one bet, some thing I've never done before in my life, infact, before this incident, the highest I always put in one bet was $100, i never beyond this amount, but on this faithful day and this faithful match, I was 100 percent confident of a win, and greed came in and told me to bet all the amount of money I have, so that I can as much money as possible, I did, and eventually lost an amount of money that would have ended my life.

No, it is true, for some people $1.4M is what they make in a week (for some, in a day). There are not a lot of those people out there, probably only the 1% of the 1% can loose 1.4M and not care much about it. Think arab oil millonaires, guys like Elon Musk and others like them. I do understand what you mean, it is not little money for anyone in the sense that is pretty much what most people will earn working a life time, if ever.

[mak013]

Any chance that this was just a fat finger mistake?

The comments on the importance of the total amount related to total wealth are on point
For a billionaire 1 million is just 1% of total wealth and an amount they can totally afford to lose in a bad bet

I don`t think so. This is a normal strategy when you have lots of money. You get a small profit, but with such a bet and such an odd - it may be called "guaranteed income". You can get $10.000-$50.000 from each bet and there are lots of such bets every week. But there is a chance to lose all. Like the OP told us. The main question how much he got before this bet.

[goinmerry]

Any chance that this was just a fat finger mistake?

The comments on the importance of the total amount related to total wealth are on point
For a billionaire 1 million is just 1% of total wealth and an amount they can totally afford to lose in a bad bet

I don`t think so. This is a normal strategy when you have lots of money. You get a small profit, but with such a bet and such an odd - it may be called "guaranteed income". You can get $10.000-$50.000 from each bet and there are lots of such bets every week. But there is a chance to lose all. Like the OP told us. The main question how much he got before this bet.

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

It's just on that time, he got busted and screwed and it's really unfortunate.

Based also on the said match, it's really already a sure win but the other team did some great surprises at the end. It's a big upset that happened.

[klidex]

Any chance that this was just a fat finger mistake?

The comments on the importance of the total amount related to total wealth are on point
For a billionaire 1 million is just 1% of total wealth and an amount they can totally afford to lose in a bad bet

I don`t think so. This is a normal strategy when you have lots of money. You get a small profit, but with such a bet and such an odd - it may be called "guaranteed income". You can get $10.000-$50.000 from each bet and there are lots of such bets every week. But there is a chance to lose all. Like the OP told us. The main question how much he got before this bet.

I actually agree with @Lucasgabd because after all, gambling is the same as when we invest or trade, namely using money where when it is lost, we really have to be able to accept it.
Rich people can gamble big because they know they are betting only a small percentage of their wealth.
If you conclude that betting is a guaranteed income because you can get $ 10,000-$ 50,000 in each bet, then that is an opinion that is not quite right. Because betting is not that easy, we can win and make a profit.
What's more, if the bet we use is large enough, the dealer will make it more difficult for us to be able to get that win.

[lienfaye]

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

That's possible. Maybe this strategy is effective for him before the unfortunate thing happened. But if this person is really well-off then I think this incident is not a great loss for him since he can risk such amount without hesitation for small profit.

Based also on the said match, it's really already a sure win but the other team did some great surprises at the end. It's a big upset that happened.

It just shows that no matter how certain you are in the result, there's no 100% guarantee and the reason why it is called gambling, right?

[BobK71]

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

That's possible. Maybe this strategy is effective for him before the unfortunate thing happened. But if this person is really well-off then I think this incident is not a great loss for him since he can risk such amount without hesitation for small profit.

Based also on the said match, it's really already a sure win but the other team did some great surprises at the end. It's a big upset that happened.

It just shows that no matter how certain you are in the result, there's no 100% guarantee and the reason why it is called gambling, right?

I think those who take part in this kind of betting are definitely not newbies who will lose a large sum of money by suddenly entering into gambling. Of course the person who lost this money is not a new gambler. Moreover, he has adequate financial support where he is in a position to recover even if he loses. It's a kind of gambling strategy where he lost but that doesn't mean he did anything wrong. Luck didn't favor him so he had to lose. If history could be observed, his victory would be seen in that particular betting.

[EarnOnVictor]

I think those who take part in this kind of betting are definitely not newbies who will lose a large sum of money by suddenly entering into gambling. Of course the person who lost this money is not a new gambler. Moreover, he has adequate financial support where he is in a position to recover even if he loses. It's a kind of gambling strategy where he lost but that doesn't mean he did anything wrong. Luck didn't favor him so he had to lose. If history could be observed, his victory would be seen in that particular betting.

My dear, there is no justification for this kind of unwise approach to gambling, this guy is unwise in it, he's never professional or managerial in such gambling. He was overconfident with it which is a folly act, and mind you, if he continues foolishly like this, he will never going to recover what he lost as you might believe. Recovering losses with the approach of such low odds will take too much time which might take even longer since he can't be winning all his bets until the amount is recovered.

Also, he might be rich as you claim, but not wise, and he should have given the charity the money if he needed something to waste.

[xSkylarx]

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

That's possible. Maybe this strategy is effective for him before the unfortunate thing happened. But if this person is really well-off then I think this incident is not a great loss for him since he can risk such amount without hesitation for small profit.

For sure, he is a rich person since there are only two of them. It is a rich person and an addicted person, so probably I will stick with the rich one as he bets on it easily, and I think it is pretty normal for him to bet those amounts. Normal people can't bet that much. I myself think that's huge and hard to earn by working. Even when I was just starting out in gambling, I thought this was the best strategy to avoid losses, but it was the opposite; you'd lose big.

[ethereumhunter]

I think those who take part in this kind of betting are definitely not newbies who will lose a large sum of money by suddenly entering into gambling. Of course the person who lost this money is not a new gambler. Moreover, he has adequate financial support where he is in a position to recover even if he loses. It's a kind of gambling strategy where he lost but that doesn't mean he did anything wrong. Luck didn't favor him so he had to lose. If history could be observed, his victory would be seen in that particular betting.

My dear, there is no justification for this kind of unwise approach to gambling, this guy is unwise in it, he's never professional or managerial in such gambling. He was overconfident with it which is a folly act, and mind you, if he continues foolishly like this, he will never going to recover what he lost as you might believe. Recovering losses with the approach of such low odds will take too much time which might take even longer since he can't be winning all his bets until the amount is recovered.

Also, he might be rich as you claim, but not wise, and he should have given the charity the money if he needed something to waste.

At least rich people like him can be a little wiser by not playing gambling using too much money. But unfortunately, everything has happened and he can only bemoan his fate that he has lost a lot of money. This was a very valuable lesson for him. Even though he is a rich man, it still costs him and if he does not have a large source of income, he will need time to recover his losses from other sources of income. I guess he just wanted to win a lot, so he took that high risk and now, it's all gone. Let's hope he doesn't gamble with a lot of money again.

[Peanutswar]

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

That's possible. Maybe this strategy is effective for him before the unfortunate thing happened. But if this person is really well-off then I think this incident is not a great loss for him since he can risk such amount without hesitation for small profit.

For sure, he is a rich person since there are only two of them. It is a rich person and an addicted person, so probably I will stick with the rich one as he bets on it easily, and I think it is pretty normal for him to bet those amounts. Normal people can't bet that much. I myself think that's huge and hard to earn by working. Even when I was just starting out in gambling, I thought this was the best strategy to avoid losses, but it was the opposite; you'd lose big.

Its just a small time money to those gamlers who spend that much amount of money but still its a huge to us some of the people wanted to make a risk with those lower odds because they want to keep having a winning even though the odds is just small not quite greedy with that because its always happen even though its just a small amount of percentage but still if you have a huge amount to bet profit is profit at the end of the day but if the game is lower odds and both risky because the both players are strong I will not risk my money with that action.

[len01]

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

It's just on that time, he got busted and screwed and it's really unfortunate.

Based also on the said match, it's really already a sure win but the other team did some great surprises at the end. It's a big upset that happened.

remembering every gambler's statement about using money that can afford to lose it becomes possible for the man to be willing to lose a lot of money only on sports betting where the odds are only small.
but anyway $1.4 million is too big a sum to afford to lose and I am pretty sure that the man even though he is very rich, he will definitely be very sorry and unable to sleep in a few days.

but back again to the risks that he had to accept when he believed too much in small opportunities that seemed to win but did not realize that in sports betting anything could happen and there would always be many surprises that would occur such as comeback attacks

[Silberman]

At least rich people like him can be a little wiser by not playing gambling using too much money. But unfortunately, everything has happened and he can only bemoan his fate that he has lost a lot of money. This was a very valuable lesson for him. Even though he is a rich man, it still costs him and if he does not have a large source of income, he will need time to recover his losses from other sources of income. I guess he just wanted to win a lot, so he took that high risk and now, it's all gone. Let's hope he doesn't gamble with a lot of money again.

Some rich people have the mistaken notion that since they have a lot of money they do not need to be as careful as the rest of us, and this could not be further from the truth, they need to be very careful because they have a lot to lose and they could easily lose their rich status if they are not careful, so if this person keeps making these kind of mistakes at some point he will find himself not being rich anymore, assuming this is not the case already.

[Fredomago]

At least rich people like him can be a little wiser by not playing gambling using too much money. But unfortunately, everything has happened and he can only bemoan his fate that he has lost a lot of money. This was a very valuable lesson for him. Even though he is a rich man, it still costs him and if he does not have a large source of income, he will need time to recover his losses from other sources of income. I guess he just wanted to win a lot, so he took that high risk and now, it's all gone. Let's hope he doesn't gamble with a lot of money again.

Some rich people have the mistaken notion that since they have a lot of money they do not need to be as careful as the rest of us, and this could not be further from the truth, they need to be very careful because they have a lot to lose and they could easily lose their rich status if they are not careful, so if this person keeps making these kind of mistakes at some point he will find himself not being rich anymore, assuming this is not the case already.

Getting your point, yup there are rich people who failed to control and that cause them to lose everything. Gambling addiction is a serious problem once you already engaged too much, with how that gambler takes that big risk even he's wealthy if he continues losing such amount, then sooner or later he will find himself broke.

I'm just following your logic, but we really don't know what the person's capability is and how he will manage to move on about these huge losses.

[Alisha-k]

It's a very big lose I know but that's exactly what makes you a Gambler, funny enough we don't get enough gist as regards the wins made, we're only put into light when there's a loss and a heavy one as this.

I just hope upcoming gamblers don't lose hope cause of this though.

[RILWAN]

It's a very big lose I know but that's exactly what makes you a Gambler, funny enough we don't get enough gist as regards the wins made, we're only put into light when there's a loss and a heavy one as this.

I just hope upcoming gamblers don't lose hope cause of this though.

It will be better you properly quote the comment you are replying to, so that your readers could contribute since this is a discussion thread and any comments that is not mentioning the most words in the thread such as clubs and their current standing in fhe premiere league, such comments can be seen as spam so take note.

[Fivestar4everMVP]

It's a very big lose I know but that's exactly what makes you a Gambler, funny enough we don't get enough gist as regards the wins made, we're only put into light when there's a loss and a heavy one as this.

You are right though, its a thing that is normal in every business , not just for gambling, bad news are more hyped and shared than good news, but then, I still think big winnings as this can be hyped too, then thing is that, those who win an amount as much as this would not want any body or many people to know about it, of course for security reasons.

I just hope upcoming gamblers don't lose hope cause of this though.

Loses will never deter new gamblers from gambling, gambling is not like some sort of crypto trading where one could assume that such a loss could install fear in the minds of those who are just learning to trade, gambling, most especially sports betting, is purely based on ones knowledge of sports and some level of luck, there is almost nothing to learn in sports betting as it is very possible for someone to start betting today and make good winnings, something that is almost not possible in trading.

[ethereumhunter]

At least rich people like him can be a little wiser by not playing gambling using too much money. But unfortunately, everything has happened and he can only bemoan his fate that he has lost a lot of money. This was a very valuable lesson for him. Even though he is a rich man, it still costs him and if he does not have a large source of income, he will need time to recover his losses from other sources of income. I guess he just wanted to win a lot, so he took that high risk and now, it's all gone. Let's hope he doesn't gamble with a lot of money again.

Some rich people have the mistaken notion that since they have a lot of money they do not need to be as careful as the rest of us, and this could not be further from the truth, they need to be very careful because they have a lot to lose and they could easily lose their rich status if they are not careful, so if this person keeps making these kind of mistakes at some point he will find himself not being rich anymore, assuming this is not the case already.

That's right. If they kept at it, they would be broke quickly. Precisely rich people should be able to use their wealth to get even more wealth and will not play gambling too often or spend money on something that is not necessary. But in reality, many rich people like to waste their money to fulfill their desires, even to play gambling without clear limits. And it's only a matter of time before they see they will run out of money.

[death69]

Also, the fact that the man is willing to bet that kind of amount for huge odds, he might have already success in doing that and the winning rate is pretty high.

It's just on that time, he got busted and screwed and it's really unfortunate.

Based also on the said match, it's really already a sure win but the other team did some great surprises at the end. It's a big upset that happened.

remembering every gambler's statement about using money that can afford to lose it becomes possible for the man to be willing to lose a lot of money only on sports betting where the odds are only small.
but anyway $1.4 million is too big a sum to afford to lose and I am pretty sure that the man even though he is very rich, he will definitely be very sorry and unable to sleep in a few days.

but back again to the risks that he had to accept when he believed too much in small opportunities that seemed to win but did not realize that in sports betting anything could happen and there would always be many surprises that would occur such as comeback attacks

Look, I aint no expert on sports bettin, but I know enough to tel ya that it's a risky busness, especially when you're betting on the little guys or long shots. Don't get me wrong, it's cool to dream big and all, but you gotta remember to keep it real and only bet what you can afford to lose. And let's not forget about the thrill of the game, it's easy to get carried away and forget about the risks involved. I mean, can you even imagine losing $1.4 milion?! That's some serious dough! So, my advice to you is to stay balanced and not let your emotions get in the way of makin smart decisions. It's always better to be prepared and not take unnecessary risks, amirite?