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Author Topic: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!  (Read 6616 times)
BobK71
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March 13, 2023, 05:37:52 PM
 #641

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

Sure this is a mistake, the gambling strategy is far risky in this guy. However we dont know the overall money this person has, if it was 90% to 120% of what he or she has, then its really madness, and if its less than 10% of all the gamblers money, then its just normal gambling action...
It depends on the financial condition of the gambler how much he loses. We don't know how much money people have in the gambling world. A gambler will adopt various strategies and try to implement them but the big factor is risk. We often understand the dynamic nature of the match but fail to take risks at the right time. That gambler took the same risk but was unlucky to fail. It is a big amount for us but we don't know about the person who lost. Maybe he can bet often with such amount where he would have won more.

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March 13, 2023, 06:18:20 PM
 #642

We can't remove that fact that even he got a lot of money there's still some regret for him, thinking that it will be an easy win since the lead before he take the bet is something that not easy to break, but shit happens and the expected win turned out to be a loss for the person who bet on it, a huge amount of money that for us simple bettors will can't imagine how someone who can take that huge risk and willing to lose that big amount for a single bet pick.
Well, none of us really know if what he lost in that bet was only a portion of his capital or if it was the total of it. He could have been trying to get some money with a big bet and very small losing odds, or he might have been on a losing streak and that was the last bet of that streak that he lost when chasing his losses.

But the reality is, that we don't really know. All we know is that it is a big amount to lose, and even if he is very rich, which I really doubt seeing he chose a 1.01x multiplier, it still isn't something to lose and stay calm and easy.

Indeed, we can only give our opinion, but it's still the gambler who can justify his action, we really don't know what happens after
and we can just assume whether he's rich, and he has the money or he can afford that such amount, he can only answer on his behalf.

All that matter is take this as a good basis when you are trying to place a huge amount thinking that with a high percentage bet you can
make decent money, even a less-chance of losing will hurt you if you mistakenly pick the game to bet on.
It is impossible to know the whole circumstances behind such an event but we can still learn some important lessons out of it, and probably the most important lesson we can learn is related to the risks we take, even if the risk of the bet seemed low it was still a risk so betting so much money was a mistake as the risk of losing was real, so even if we find ourselves in that kind of situation in which we think we have found a bet with a very ow risk we must never bet all our capital in a single event.
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March 13, 2023, 09:40:07 PM
 #643

The fact is that, we are in a fallacy world and at that, we must nkt take every story of news seriously and all that we need from them is to get the informations that will help us make better decision in in our future endeavors because betting such a huge amou t is out of naormal reasoning.

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March 13, 2023, 09:46:28 PM
 #644

The fact is that, we are in a fallacy world and at that, we must nkt take every story of news seriously and all that we need from them is to get the informations that will help us make better decision in in our future endeavors because betting such a huge amou t is out of naormal reasoning.
When you define fallacy you are talking of information that is untrue or information that is not all the orderly arrangement so base on that I think that you are perfectly right for the information so therefore I believe that this is one of the things that affect jampolis or gambling so when someone knows the truth of gambling it is when it will be in a beneficiary to eat o

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March 14, 2023, 04:13:49 AM
 #645

1 million USD is a very large amount when used for betting, but with that amount, if you manage to get a win, you can imagine how much profit you can get.
I believe not an ordinary gambler or gambler without experience who dares to take risks by betting such large amounts and make sure he is a gambler with more wealth so that whatever risk he will receive when betting he can accept it even if he has to lose the money.
In gambling and betting, there will definitely always be wins and losses, especially in sports betting, there are bound to be many unreasonable final results or manipulation because in every match, if there is a large amount of betting money in it, it's no wonder that action takes place. the.
So that anyone who bets on a match must always be careful and not make the wrong move in determining what is at stake.
Definitely, a gambler who would bet such a large amount of money is not new to betting, and he can certainly afford to risk that million. The thing is, when you bet on 1.01 odds, that gives you a very high percentage of winning, and you're like the house that has the edge. However, that doesn't mean you have no chance of losing; in this case, the bettor is just unlucky.
Because the smaller the odds you get, the greater the win rate for the team that is at stake, even this opportunity has often provided an advantage for gamblers.
It's just that when betting at low odds we as gamblers must be willing to take risks by placing bets that are large enough so that the profits you get can be commensurate.
But the thing to pay attention to is that in betting there are a lot of things that are impossible to happen because there are definitely a lot of manipulations that will be carried out so that it is not luck that is the root of the problem but those who have more money who can manage the course of a match so that the final result is can be easily manipulated.
I myself don't really pay attention to the odds when I'm betting, but I prefer my beliefs and predictions even though the odds provide a very small chance of winning.

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March 14, 2023, 06:30:29 AM
 #646

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!
A million dollar for a risk which returns doesn't amount to a significant figure based on the odds. The amount expected to be won doesn't worth the amount of risk exerted and maybe the said gambler didn't think this through because he might have  felt it was a good odd for easy win since it was a 1.01 odd but the truth is that in gambling there are no easy win, do your analysis well before executing any bet no matter how attractive the odds might seem. Most of these small odds are deceptive odds that gambling platforms are using to manipulate gamblers as they get carried away by the odd size.

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March 14, 2023, 06:34:31 AM
 #647

The fact is that, we are in a fallacy world and at that, we must nkt take every story of news seriously and all that we need from them is to get the informations that will help us make better decision in in our future endeavors because betting such a huge amou t is out of naormal reasoning.
When you define fallacy you are talking of information that is untrue or information that is not all the orderly arrangement so base on that I think that you are perfectly right for the information so therefore I believe that this is one of the things that affect jampolis or gambling so when someone knows the truth of gambling it is when it will be in a beneficiary to eat o
It is quite obvious that we here in this topic do not have a complete picture of the actions of such a player.  Moreover, we do not know for sure whether such a bet was made at all and whether such a colossal loss actually took place.  
And now I immediately have a question - why did OP open such a topic.  Is this discussion of this insane loss just a covert advertisement for gambling itself here in our forum?  Agree, after all, everyone who reads the posts in this topic somehow “turns on” to play, because, supposedly, someone is losing insane amounts of money.  
What if I get lucky, like the one who won from such a bet?

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March 14, 2023, 07:47:28 AM
 #648

The only question i have is did the gambler had enough time to get profit enough to lose 1 million USD or not?
Do you really think that he would be willing to disclose whether he is in profit/loss after taking such a humungous hit? No one would unless they are dumb as hell. Personally, I feel that he is a whale who probably is still in profit overall.

He probably bet such huge amounts in the past and won more often than not. This is just my random assumption.
Of course no one wants to tell us such information but it doesn`t mean that it is not interesting.
I can agree that this gambler is a whale because not lots of gamblers ready to make such a bet. And it doesn`t depend on previous bets.
If he made such bets before, he need more than 100 such bets to compensate the losses. And the problem that it can be difficult even for a whale to make 5 such bets one time.

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March 14, 2023, 11:04:38 AM
 #649

They have to change their minds that placing bets can help them win, but if there is no good analysis to find out which team has a better chance of winning than the opposing team, it will be difficult for us to win.

And I agree with only betting the amount we can afford because that is what we should do with all the bets we place. The risk of betting big money is losing all of it quickly, which is not a great way to enjoy gambling. But maybe it's still used for some people who gamble because they hope they can win a lot of money. And that person may be a millionaire willing to lose money at the gambling table.
and what I know is that analysis or prediction only brings us closer to the luck that we will get and that also doesn't necessarily win, sometimes in sports betting there are always unexpected surprises.

regardless of whether he is a millionaire or a billionaire, the most important thing is that maybe he is ready to lose the money he has bet on the sports betting. so that when he loses $1 million he doesn't feel lost. but somehow the feeling of regret must still remain in the man's heart.
And the better our analysis will provide an even greater chance of winning. That's why we have to learn about analyzing a match and we can look for sources that can be trusted to provide more detailed information. We must also estimate the surprise factor that usually exists during that game.

It's better to be prepared to accept defeat so that when we experience defeat, we won't be sad for too long because we realize that gambling will only result in winning or losing. And that loss can happen to every gambler so we don't try to chase victory.

This is where some bettors do really think off about on having that sure win bet which we know that as long there's a chance of losing no matter how small it would be or how less the risks it would be but still there's a chance for it to be hit up.This is why its never been that recommendable on having that all-in type of bet which it would really bring up a disaster if ever the bet do lost.
1.01 or less doesnt guaranteed out on sure win.This is why you should only bet on the amount you can afford to lose.Dont really take the risks on having huge bet unless if it was really that intended for that particular game and you are accepting that you could potentially lost that game. We are talking millions here which is something that most people cant afford on losing.
They have to change their minds that placing bets can help them win, but if there is no good analysis to find out which team has a better chance of winning than the opposing team, it will be difficult for us to win.

And I agree with only betting the amount we can afford because that is what we should do with all the bets we place. The risk of betting big money is losing all of it quickly, which is not a great way to enjoy gambling. But maybe it's still used for some people who gamble because they hope they can win a lot of money. And that person may be a millionaire willing to lose money at the gambling table.
This is why self research and analysis would really be that relevant whenever you do make out bets because this would really be that important.The thing on where most bettors do is that they do stick on which

one is the favorite and forgetting on what are those reconsiderations when choosing up a team/fighter/player.If you do make out huge bets without thinking up about the risks probabilities then you would definitely finding yourself on a great disaster.This is why you should always be mindful on how you do make out bets and the amount you are really that able to afford to lose.
1.01 doesnt assure everything because even on the slimmest chance,  you could really lost up big time.
We get the probability of risk from the results of the analysis that we have done so we know what percentage of the chances are for each team to win so we know which one we can choose. Learning more analysis can help us find other useful clues in making decisions and realize that what we want may not necessarily come true so we can be prepared to accept the consequences. There is no need to place big bets, especially if we feel confident about the analysis we are doing, because a surprise factor might come in the middle of a match and it can turn things around.

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March 14, 2023, 01:21:45 PM
 #650

The fact is that, we are in a fallacy world and at that, we must nkt take every story of news seriously and all that we need from them is to get the informations that will help us make better decision in in our future endeavors because betting such a huge amou t is out of naormal reasoning.
When you define fallacy you are talking of information that is untrue or information that is not all the orderly arrangement so base on that I think that you are perfectly right for the information so therefore I believe that this is one of the things that affect jampolis or gambling so when someone knows the truth of gambling it is when it will be in a beneficiary to eat o
It is quite obvious that we here in this topic do not have a complete picture of the actions of such a player.  Moreover, we do not know for sure whether such a bet was made at all and whether such a colossal loss actually took place.  
And now I immediately have a question - why did OP open such a topic.  Is this discussion of this insane loss just a covert advertisement for gambling itself here in our forum?  Agree, after all, everyone who reads the posts in this topic somehow “turns on” to play, because, supposedly, someone is losing insane amounts of money.  
What if I get lucky, like the one who won from such a bet?
I am inundated with doubt. Is it possible that someone would knowingly bet on something so outrageous and then proceed to lose such a humongous amount of cash? It sounds ludicrous to the point of being incredulous! Nonetheless, one can never disregard the bizarre nature of the world we live in.

The inquiry you have made is of interest to me. Why would the OP initiate such a topic? Is it a clandestine plot to promote gambling, or simply an opportunity to regale us with their own experiences? Yes, we will never know! But one thing is for sure, perusing narratives about crazy financial losses always prompts me to re-evaluate my own fiscal choices. The notion that I might hit it big like the lucky winner of this preposterous wager is preposterous itself, of course!

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March 14, 2023, 01:30:50 PM
 #651

The only question i have is did the gambler had enough time to get profit enough to lose 1 million USD or not?
Do you really think that he would be willing to disclose whether he is in profit/loss after taking such a humungous hit? No one would unless they are dumb as hell. Personally, I feel that he is a whale who probably is still in profit overall.

I think there is no chance that @OP can disclose the person who lost that $1.4m since it is from the news and @OP has no way of contacting nor the player willing to disclose his statistics.  Let us just be contented and think that the person who wagers $1.4m losses such an amount because of too much confidence disregarding variables and luck that affect the result of the game.


He probably bet such huge amounts in the past and won more often than not. This is just my random assumption.

It is possible that it is his way of profit, by live betting on the winning side.  But well, yeah we can assume, I think there is no wrong on that.
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March 14, 2023, 06:17:06 PM
 #652

We can't remove that fact that even he got a lot of money there's still some regret for him, thinking that it will be an easy win since the lead before he take the bet is something that not easy to break, but shit happens and the expected win turned out to be a loss for the person who bet on it, a huge amount of money that for us simple bettors will can't imagine how someone who can take that huge risk and willing to lose that big amount for a single bet pick.
Well, none of us really know if what he lost in that bet was only a portion of his capital or if it was the total of it. He could have been trying to get some money with a big bet and very small losing odds, or he might have been on a losing streak and that was the last bet of that streak that he lost when chasing his losses.

But the reality is, that we don't really know. All we know is that it is a big amount to lose, and even if he is very rich, which I really doubt seeing he chose a 1.01x multiplier, it still isn't something to lose and stay calm and easy.

Indeed, we can only give our opinion, but it's still the gambler who can justify his action, we really don't know what happens after
and we can just assume whether he's rich, and he has the money or he can afford that such amount, he can only answer on his behalf.

All that matter is take this as a good basis when you are trying to place a huge amount thinking that with a high percentage bet you can
make decent money, even a less-chance of losing will hurt you if you mistakenly pick the game to bet on.
It is impossible to know the whole circumstances behind such an event but we can still learn some important lessons out of it, and probably the most important lesson we can learn is related to the risks we take, even if the risk of the bet seemed low it was still a risk so betting so much money was a mistake as the risk of losing was real, so even if we find ourselves in that kind of situation in which we think we have found a bet with a very ow risk we must never bet all our capital in a single event.

I agree the learning is more important a good basis that even how high the chances of winning upset can always take place.
It's important to manage your bankroll and, like you mentioned, we can't tell the circumstances of whether the gambler who loses such an amount is really capable of letting it go and move forward.

Or, it's become a big mistake and a forever regret in his gambling participation. We never know but we need to learn from that experienced.

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March 16, 2023, 07:09:03 PM
 #653

I am inundated with doubt. Is it possible that someone would knowingly bet on something so outrageous and then proceed to lose such a humongous amount of cash? It sounds ludicrous to the point of being incredulous! Nonetheless, one can never disregard the bizarre nature of the world we live in.

The inquiry you have made is of interest to me. Why would the OP initiate such a topic? Is it a clandestine plot to promote gambling, or simply an opportunity to regale us with their own experiences? Yes, we will never know! But one thing is for sure, perusing narratives about crazy financial losses always prompts me to re-evaluate my own fiscal choices. The notion that I might hit it big like the lucky winner of this preposterous wager is preposterous itself, of course!
Without a doubt this is the kind of thing that sounds ridiculous to us as we would never make such a bet and experiment such loss, but just because we are incapable of doing something, this does not necessarily mean that it is impossible, there are many people out there with more money than common sense which are not afraid to make such high bets as losing that money means nothing to them, and there are also people out there with no control over their gambling whatsoever that can also make those bets despite the huge risks they know they are taking.
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March 16, 2023, 07:25:02 PM
 #654

I am inundated with doubt. Is it possible that someone would knowingly bet on something so outrageous and then proceed to lose such a humongous amount of cash? It sounds ludicrous to the point of being incredulous! Nonetheless, one can never disregard the bizarre nature of the world we live in.

The inquiry you have made is of interest to me. Why would the OP initiate such a topic? Is it a clandestine plot to promote gambling, or simply an opportunity to regale us with their own experiences? Yes, we will never know! But one thing is for sure, perusing narratives about crazy financial losses always prompts me to re-evaluate my own fiscal choices. The notion that I might hit it big like the lucky winner of this preposterous wager is preposterous itself, of course!
Without a doubt this is the kind of thing that sounds ridiculous to us as we would never make such a bet and experiment such loss, but just because we are incapable of doing something, this does not necessarily mean that it is impossible, there are many people out there with more money than common sense which are not afraid to make such high bets as losing that money means nothing to them, and there are also people out there with no control over their gambling whatsoever that can also make those bets despite the huge risks they know they are taking.

No matter how much money you have, it is not the right decision to bet 1.4M on a bet with odds of 1.01. When you play a bet or do any financial business, you need to see the risk and reward ratio and do not enter in bets where the risk is too high and the reward is too low.

Some people may argue that how the risk is high when the odds are 1.01. This means that 99% chances are that you will win the bet. But then think it in another way around. You are risking 1.4M to get the reward of 0.01. Since, future is not certain and if the result went against you as it happened with the OP, then you will lose this big amount. It is way too risky and scary for me to lose a million dollar in order to earn few hundred dollars.

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March 16, 2023, 08:06:28 PM
 #655


No matter how much money you have, it is not the right decision to bet 1.4M on a bet with odds of 1.01. When you play a bet or do any financial business, you need to see the risk and reward ratio and do not enter in bets where the risk is too high and the reward is too low.

Some people may argue that how the risk is high when the odds are 1.01. This means that 99% chances are that you will win the bet. But then think it in another way around. You are risking 1.4M to get the reward of 0.01. Since, future is not certain and if the result went against you as it happened with the OP, then you will lose this big amount. It is way too risky and scary for me to lose a million dollar in order to earn a few hundred dollars.
Haven't read through most of the comments on this thread and also read the thread itself and after careful analysis of the facts presented, I think the gambler who uses the 1.4 million dollars to bet an odds of 1.01 is under the influence of something higher than his consciousness.

-Or maybe he made a lifetime mistake and did not know when he placed such bad bets, so many factors could have contributed to this outcome but I am sure the gambler is not in his right senses.
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March 16, 2023, 08:12:30 PM
 #656

Betting at low odds is very risky. Losing 1.4 million USD on a bet at 1.008 odds, that's a really big loss. But I think that the person who bet so much must have participated in gambling with judgment. Reasons 1.4 million USD is no small matter. That person dared to bet such a huge sum because of his gambling experience. People like us who exist but cannot participate in gambling with such a huge amount of money. Despite our experience here we would consider it risky to participate.
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes
But a gambler must remember that gambling is not an easy matter. Earning money from here is the hardest to do. However, the gambler should consider the amount of the bet keeping in mind that the risk is higher at lower odds before participating in gambling. And this gambling can never be turned into addiction.

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March 16, 2023, 10:42:24 PM
 #657

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?
It was a very expensive and painful lesson. Betting 1.4 million dollars in a single bet is a significant amount of money that could make a huge difference in many people's lives. I can only imagine the profits he could have made if he had bet on the other team, considering that the odds for the Jacksonville team were only 1.008. However, sports betting is tricky and unpredictable and it’s also gambling as we know since there is no logic or momentum to who wins or loses. At any given moment even the worst player or team can perform better than the best player or team for various reasons. If you want to have fun gambling, it's better to put in some money without risking too much.
This amount of money is huge for any billionaire in the world, and investing it elsewhere or donating it to charity would be a better option than risking it and losing it all. Well that’s just my opinion and everyone has their way of thinking, but I feel sorry for him it's a tragic situation for this gamber.

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March 16, 2023, 11:05:51 PM
 #658

They have to change their minds that placing bets can help them win, but if there is no good analysis to find out which team has a better chance of winning than the opposing team, it will be difficult for us to win.

And I agree with only betting the amount we can afford because that is what we should do with all the bets we place. The risk of betting big money is losing all of it quickly, which is not a great way to enjoy gambling. But maybe it's still used for some people who gamble because they hope they can win a lot of money. And that person may be a millionaire willing to lose money at the gambling table.
and what I know is that analysis or prediction only brings us closer to the luck that we will get and that also doesn't necessarily win, sometimes in sports betting there are always unexpected surprises.

regardless of whether he is a millionaire or a billionaire, the most important thing is that maybe he is ready to lose the money he has bet on the sports betting. so that when he loses $1 million he doesn't feel lost. but somehow the feeling of regret must still remain in the man's heart.
And the better our analysis will provide an even greater chance of winning. That's why we have to learn about analyzing a match and we can look for sources that can be trusted to provide more detailed information. We must also estimate the surprise factor that usually exists during that game.

It's better to be prepared to accept defeat so that when we experience defeat, we won't be sad for too long because we realize that gambling will only result in winning or losing. And that loss can happen to every gambler so we don't try to chase victory.
in sports betting matches when the top teams meet the top teams it will be more difficult to predict and certainly requires quite detailed and in-depth research. because if it is wrong in predicting it will obviously make we lose. but usually in top team matches I usually only bet a small amount or don't bet at all. because it's really hard to predict and there will definitely be surprises that will happen.

regarding the defeat that must be prepared to accept, it would be better to use money that we can afford to lose and not be greedy. as told by the OP the guy is like greedy betting big amount just for 1.01 or $10k win, if win. responsible for our bet it would be better.

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March 16, 2023, 11:07:14 PM
 #659

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!
A million dollar for a risk which returns doesn't amount to a significant figure based on the odds. The amount expected to be won doesn't worth the amount of risk exerted and maybe the said gambler didn't think this through because he might have  felt it was a good odd for easy win since it was a 1.01 odd but the truth is that in gambling there are no easy win, do your analysis well before executing any bet no matter how attractive the odds might seem. Most of these small odds are deceptive odds that gambling platforms are using to manipulate gamblers as they get carried away by the odd size.

I am not sure we would be talking about this situation if the guy had actually won the bet. It must happen from time to time that someone is able to get a significant return on a risky bet, but it seems that the talk is about the poor guy that looses a fortune. I am sure there must be cases in which someone won 1.4M against the odds and do not get a thread here.

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March 17, 2023, 04:14:08 AM
Last edit: July 24, 2023, 08:39:25 PM by slapper
 #660

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

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

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?
It was a very expensive and painful lesson. Betting 1.4 million dollars in a single bet is a significant amount of money that could make a huge difference in many people's lives. I can only imagine the profits he could have made if he had bet on the other team, considering that the odds for the Jacksonville team were only 1.008. However, sports betting is tricky and unpredictable and it’s also gambling as we know since there is no logic or momentum to who wins or loses. At any given moment even the worst player or team can perform better than the best player or team for various reasons. If you want to have fun gambling, it's better to put in some money without risking too much.
This amount of money is huge for any billionaire in the world, and investing it elsewhere or donating it to charity would be a better option than risking it and losing it all. Well that’s just my opinion and everyone has their way of thinking, but I feel sorry for him it's a tragic situation for this gamber.
Can you believe it? $1.4 million just for fun! Isn't that crazy? Human behavior fascinates. Imagine going all-in and then losing everything. That was an emotional rollercoaster!

Humans are restless, always seeking the next big thing or a home. Sports betting satisfies that demand. Note the catch. You must stay calm or set a negative example. If we follow this gambler's story, we'll have fun.


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