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

[Dunamisx]

Could be that the game was rigged if the betting company knew that they could easily make 1.4 Million dollar if they would rig the game. However it is way more hard to rig a game than people actually think. The most easy solution is actually that he was an idiot that felt smart when playing with this high amounts of money. The real question is why he had 1.4 Millions to spend if he does so bad choices in gambling.

Did you just say rigged, well I can't concluded on the reputation of the kind of casino he uses but as far as am concerned most gambling casinos don't do that, there's nothing to rig once after you've taken placed your bet and staked on it, they give you a printout slip serving as your winning ticket in case it comes, ordinary gambler on a low class cannot use such huge amount to gambles without having an alternative backup.

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[Fredomago]

Today we have once again seen how deceptive the odds are. In the Denmark - Kazakhstan match, Denmark failed to win the match despite being heavy favorites. Denmark was given odds of 1.06. But Denmark lost the match 3-2 after leading 2-0 in the first half. From here we see again that there is no guarantee of any match. We need to understand again that matches should not be made according to the odds. Many people can lose big money because of simple matches because of low odds. As a lesson for us, I prefer not to bet on such matches because it makes no sense.

For sure there are many gamblers who got caught in the act here, placing a huge amount of money for Denmark since the chance of winning is high, just like the scenario with what OP's story, it was a huge lead after the first half something that you will not think that you will still lose the game, especially if you are in this kind of tournament where pro players and squad mostly knows how to protect and play the game with decent leads.

But like what mostly happens, that kind of shit can trigger your bet to lose. Nothing is guaranteed till the last seconds are still running in the game.

[RILWAN]

When it comes to gambling, we need fo settle some vital facts before we start playing facts like how much we are willing to lose but that can only be applied to gamblers who are still stable and not addicted, because in ops case it shows that he was a addicts that make the matter worst for him to handle his level of excess.

[klidex]

Here in gambling for me the rich or the poor are the same, the only difference is the number of bets that will be made and in the end it's all about luck and self-control, it's very important for us to remember that even though someone who is very rich can lose a large amount as told by the OP, it's because controlling yourself is very difficult what's more if you have a lot of money in your pocket, it will be the biggest temptation.
So that small gamblers can control it more because in the bankroll he has only a small amount that must be controlled so that gambling can last a long time.

And when one's restraint level begins to wane, that person should stop immediately before one suffers more defeats. And even though he is a rich man, he must stop immediately because it can trigger him to use more money. After all, he knows he still has a lot of money to gamble. To overcome this, we may limit depositing money for gambling so that when we lose control, we can immediately find out and get out of gambling. But it won't mean anything if we keep depositing another amount.

Usually, when the level of self-control decreases, gamblers don't realize that after getting a loss, they only think about disappointment after losing, and sometimes gambling addicts, after feeling disappointed, think about chasing losses, which will have worse consequences for losing even more.
Sometimes rich gamblers usually have a high level of self-control, but one day he will return to take revenge for his losses.
For example like I have $1000 in my bank and I have lost $100 in gambling, I thought it's ok to lose $100 I still have $900, But after a few days I went back to gambling to risk $200 thinking to get back my previous loss because I lost $200 that's fine I still have $700 in my savings and so on.
So self-control at that moment maybe a rich man can control him but not sure after a few days if he can control himself again because the disappointment of losing millions of dollars is always on his mind.

They feel disappointed because they are too much attached to their bets, which means they only see the situation that they win and they do not have any scenario of losing in his mind. As a gambler we should know that gambling is purely probability game, we should have different scenarios in our mind so that if they certain scenario happens; we know what we will do. We should fix our attitude for us to not be in situtation like we feel disappointed, anger and regret because of our loses in gambling. Great attitude serves as the blueprint of our success in gambling, we can easily have good gambling psychology is we start fixiung our attitudes.

I also advice that we should not bet huge amount of money in certain bets because it makes us too attach for that bet. Our psychology usually get fucked up when we focus on just winning by betting our hard earned money. Accepting risk is the key, we will not be disappointed even if we lose our bets.

Betting with a small bankroll is betting with small bets, it is indeed better even if you have a lot of money but this method can make you feel disappointed in your mind.
Maybe everyone says this easily but when you have a lot of money sometimes someone loses control to keep using a big bankroll and when you lose it will definitely cause disappointment that disturbs one's psychology.
In the end, all of this returns to their respective mindsets to continue to ignore this problem or take it seriously and apply it to every bet.

[Wiwo]

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling. Above all, I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

Well, I can't really say the same, because I have seen a gambler who is not wealthy but still managed to bet high amounts and most of his fortune comes from gambling and he can make bets of millions of our local currency.

-I don't know if he really has any other investment to qualify as being a rich person, but he has a set aside a huge amount that he gambled with, but his life is really unstable due to that.

[Jody.Drummer]

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling. Above all, I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

Well, I can't really say the same, because I have seen a gambler who is not wealthy but still managed to bet high amounts and most of his fortune comes from gambling and he can make bets of millions of our local currency.

-I don't know if he really has any other investment to qualify as being a rich person, but he has a set aside a huge amount that he gambled with, but his life is really unstable due to that.

Yes, from the amount of the bet, we can see the ability of gamblers, whether they have the ability to gamble in large amounts or vice versa. But I also often see them push themselves and hope their luck comes at the right time. Those who don't have enough money to force themselves to bet large amounts of course is a mistake, because after all this is a gamble full of luck. This should be avoided, never force yourself to bet large amounts when we are unable to do so, because then a lot will surely be sacrificed.

[Silberman]

While anyone can do whatever they want with their money at the same time I doubt this was just spare change for this gambler, think about it, even if that person had 14 million on the bank losing 1.4 million is the equivalent of losing 10% of his capital in under an hour, if an investor or a trader was losing that amount of money they will be in complete panic, so the only way someone could consider that amount spare change is if they had more than 100 million dollars, and the amount of people that have that money are very limited around the world.

Although some speculate he is a billionaire but of course he will be disappointed from the result of the bet, no one will be willing to accept that gambling loss because he has predicted high odds of winning but his prediction is wrong and he has to lose the highest betting balance, so we can draw conclusions from this case that don't bet high because slot betting and sports betting no one can predict accurately.

who will be not disappointed losing million dollars lol, specially in single bet? maybe they can afford losing a million willingly if this happens for the whole day but for single betting even the richest man in the world will hurt here.
but losing this big? for us this will be our entire life asset and means losing our life lol.

I think the same, I mean if someone invested a fortune in bitcoin and then suddenly its price went down to the point they lose 1.4 million dollars they would not be worried at all as they know that money can be recovered as soon as there is a correction or once the bull market comes, but losing that amount in a single bet would be too painful as they know they would have no other way to recover that money except by working hard for a long time.

[Wiwo]

One major difference between a rich and a poor gambler is the betting amount. Gamblers who actually have enough money are able to take big risks. But since gambling luck is one of the reasons for winning, many poor gamblers can hit the big jackpots and become rich. Even a wealthy gambler can lose money through uncontrolled gambling. Above all, I see no gap between the rich and the poor in gambling. Those who practice responsible gambling will succeed.

Well, I can't really say the same, because I have seen a gambler who is not wealthy but still managed to bet high amounts and most of his fortune comes from gambling and he can make bets of millions of our local currency.

-I don't know if he really has any other investment to qualify as being a rich person, but he has a set aside a huge amount that he gambled with, but his life is really unstable due to that.

Yes, from the amount of the bet, we can see the ability of gamblers, whether they have the ability to gamble in large amounts or vice versa. But I also often see them push themselves and hope their luck comes at the right time. Those who don't have enough money to force themselves to bet large amounts of course is a mistake, because after all this is a gamble full of luck. This should be avoided, never force yourself to bet large amounts when we are unable to do so, because then a lot will surely be sacrificed.

But also another thing to note is the fact that gambling sometime can be addicting and one can go the extra mile, I hard a story of a guy who gamble away his company money,  will such a person be considered as a rich gambler because he takes a huge amount once?

-we have a loof sscenariosthat can play out when one is on the machine.

[STT]

There is no requirement for the operators to rig the game to make money.  In fact any alteration or suspicion like that would reduce profits in a larger sense.  I could only suspect a rigged game if it was done on a small scale, an admin working both against their own company and obviously the player by skimming off profits they are not due in any way.   The big companies will do their best to ensure visibility of factors to increase confidence and degree of playing, if people play the operators will make money by the plain rules of thee game the house will get a nice percentage from bets of 1.4m done regularly.   Its too tempting with these odds to think its 'free money' eventually it really isnt.

[Desmong]

When it comes to gambling, we need fo settle some vital facts before we start playing facts like how much we are willing to lose but that can only be applied to gamblers who are still stable and not addicted, because in ops case it shows that he was a addicts that make the matter worst for him to handle his level of excess.

This is something no gambler would want to talk about on how many bet or amount they are willing to lose.
We all want to make money from gambling whether we are doing the right thing of not. We want to associate with friend and enjoy life when we are not ready to discuss about what could be our fate in what we are doing in the gambling world.

[Newlifebtc]

When it comes to gambling, we need fo settle some vital facts before we start playing facts like how much we are willing to lose but that can only be applied to gamblers who are still stable and not addicted, because in ops case it shows that he was a addicts that make the matter worst for him to handle his level of excess.

No matter how you are being addicted in gambling you must have a particular amount of money use in any of your gambling business so you have to map out some particular amount for a different denomination of bet, nobody this days that does know specific among of money use in it bet

[Jossque]

Today we have once again seen how deceptive the odds are. In the Denmark - Kazakhstan match, Denmark failed to win the match despite being heavy favorites. Denmark was given odds of 1.06. But Denmark lost the match 3-2 after leading 2-0 in the first half. From here we see again that there is no guarantee of any match. We need to understand again that matches should not be made according to the odds. Many people can lose big money because of simple matches because of low odds. As a lesson for us, I prefer not to bet on such matches because it makes no sense.

and still , this is why its called gambling because there is no complete assurance , things can change any time and result will vary in the end of game and that is not will come in the beginning in which proven here , imagine a favorite team and took the advantage in first half but ending be a loser ?
that is so sad for those who put a bet in this team but losing badly.

That's why gambling is risky and anything can happen at any time. You need to adjust your risk according to yourself. Choosing odds under 1.10 as banko can sometimes end badly for us. The same thing can happen not only in this match but also in other matches. We really need to be self-confident about this. It is very sad for those who bet on this team. In the first half the team you bet on is 2-0 up and in the second half they concede 3 goals and lose the match. It is actually a frustrating event even for a normal person. When I experience such incidents, I immediately get upset and move on. The ball is round and it is difficult to predict what will happen.

[coinerer]

Today we have once again seen how deceptive the odds are. In the Denmark - Kazakhstan match, Denmark failed to win the match despite being heavy favorites. Denmark was given odds of 1.06. But Denmark lost the match 3-2 after leading 2-0 in the first half. From here we see again that there is no guarantee of any match. We need to understand again that matches should not be made according to the odds. Many people can lose big money because of simple matches because of low odds. As a lesson for us, I prefer not to bet on such matches because it makes no sense.

and still , this is why its called gambling because there is no complete assurance , things can change any time and result will vary in the end of game and that is not will come in the beginning in which proven here , imagine a favorite team and took the advantage in first half but ending be a loser ?
that is so sad for those who put a bet in this team but losing badly.

That's why gambling is risky and anything can happen at any time. You need to adjust your risk according to yourself. Choosing odds under 1.10 as banko can sometimes end badly for us. The same thing can happen not only in this match but also in other matches. We really need to be self-confident about this. It is very sad for those who bet on this team. In the first half the team you bet on is 2-0 up and in the second half they concede 3 goals and lose the match. It is actually a frustrating event even for a normal person. When I experience such incidents, I immediately get upset and move on. The ball is round and it is difficult to predict what will happen.

No one can ever guarantee winning in gambling so one should always bet according to one's ability.  Don't bet on greed or high amount with guarantee of any result.  If it is lost, there will be a big loss. As happened in op's story. I have also lost bets at small odds a few times.  So gambling should always be done with small amounts and should be used as fun so that losses do not cause major losses. So I mostly bet on sports because it is highly predictable

[Strongkored]

Could be that the game was rigged if the betting company knew that they could easily make 1.4 Million dollar if they would rig the game. However it is way more hard to rig a game than people actually think. The most easy solution is actually that he was an idiot that felt smart when playing with this high amounts of money. The real question is why he had 1.4 Millions to spend if he does so bad choices in gambling.

Did you just say rigged, well I can't concluded on the reputation of the kind of casino he uses but as far as am concerned most gambling casinos don't do that, there's nothing to rig once after you've taken placed your bet and staked on it, they give you a printout slip serving as your winning ticket in case it comes, ordinary gambler on a low class cannot use such huge amount to gambles without having an alternative backup.

The bettor could be cheated if he bets at an untrusted bookie and also bets on matches that are not well known and are matches that are often involved in fixed matches. This is just my opinion, the bookmakers will cooperate with the event organizers and when they see that losing small odds will give a bigger profit then they do it or deliberately give wrong odds so bettors think they are get trapped, but this is just my opinion.
We must know clearly that the bettor who lost with big money bet where and at what match. Then we can conclude that there is something strange or not, even though in sports betting anything can happen and there is no need to suspect the bookmaker, especially if they are a trusted gambling site because they maintain reputation will be better than taking players' money in a fraudulent way, so I think it's just a normal loss it's just that the money is so big that it makes the news.

[Ebede]

When it comes to gambling, we need fo settle some vital facts before we start playing facts like how much we are willing to lose but that can only be applied to gamblers who are still stable and not addicted, because in ops case it shows that he was a addicts that make the matter worst for him to handle his level of excess.

This is something no gambler would want to talk about on how many bet or amount they are willing to lose.
We all want to make money from gambling whether we are doing the right thing of not. We want to associate with friend and enjoy life when we are not ready to discuss about what could be our fate in what we are doing in the gambling world.

people who are into gambling does not know if they will lose or if they will win what their actions of his to win in any of their bet so I believe that they don't have the ideology that they will lose and that is why some of them used all their money so that so at least for a good gamble you need to have a particular amount use for your gambling

[klarki]

So I mostly bet on sports because it is highly predictable

Perhaps so, at least in this direction is important not only luck, but also the ability to analyze. In this regard, sports betting looks more attractive than gambling slots. What is your experience with sports betting?

[coinerer]

So I mostly bet on sports because it is highly predictable

Perhaps so, at least in this direction is important not only luck, but also the ability to analyze. In this regard, sports betting looks more attractive than gambling slots. What is your experience with sports betting?

For sports betting, not only luck works, high prediction ability is required to win here. And one who has a very good knowledge of the sport and knows the teams and players very well and has experience on how they perform.  They win most bets.  Because they have high predictive power here.  It can never give a 100% guarantee on anything be it slots or sports bets. I have pretty good experience with sports bet so I win about 80% of my bets here.  But I always bet smaller amount because it gives me more confidence.

[Fivestar4everMVP]

So I mostly bet on sports because it is highly predictable

Perhaps so, at least in this direction is important not only luck, but also the ability to analyze. In this regard, sports betting looks more attractive than gambling slots. What is your experience with sports betting?

I played slot games for several months, simply because I usually don't have time to watch sports, or even follow it up in the news, but at a certain stage, I had to find ways to start watching sports and also follow up on it's updates, to help better my chances of winning a bet, since sports betting is not completely dependent on luck.

And the thing is, both sports betting and slot games has their pros and cons, slot games doesn't require you investing your time in anything, any one can just visit the casino and start playing..

But sports betting on the other hand, require that you invest a little bit of your time in watching sports and reading and listening to sports updates, because this is the only way to gain knowledge of which team to bet on and which team to not bet on anytime there is a match being played.

[Jossque]

No one can ever guarantee winning in gambling so one should always bet according to one's ability.  Don't bet on greed or high amount with guarantee of any result.  If it is lost, there will be a big loss. As happened in op's story. I have also lost bets at small odds a few times.  So gambling should always be done with small amounts and should be used as fun so that losses do not cause major losses. So I mostly bet on sports because it is highly predictable

Betting on soccer or any other sport is always the same. There is always the possibility of losing. Like you, I have also experienced a slight loss in my time and learned my lesson. For this reason, I started to do risk management well. Yes, betting is a job of skill and experience, but it should not be forgotten that this is also a labor-intensive job. You analyze the matches, you even look at which players are injured and which ones are playing. Sometimes you even look at the weather, which way the wind is blowing. I have even taken bets thinking about these things. But now I play for pleasure and I don't play seriously as often as I used to. This shows that my losses are not so much.

[Lanatsa]

No one can ever guarantee winning in gambling so one should always bet according to one's ability.  Don't bet on greed or high amount with guarantee of any result.  If it is lost, there will be a big loss. As happened in op's story. I have also lost bets at small odds a few times.  So gambling should always be done with small amounts and should be used as fun so that losses do not cause major losses. So I mostly bet on sports because it is highly predictable

Betting on soccer or any other sport is always the same. There is always the possibility of losing. Like you, I have also experienced a slight loss in my time and learned my lesson. For this reason, I started to do risk management well. Yes, betting is a job of skill and experience, but it should not be forgotten that this is also a labor-intensive job. You analyze the matches, you even look at which players are injured and which ones are playing. Sometimes you even look at the weather, which way the wind is blowing. I have even taken bets thinking about these things. But now I play for pleasure and I don't play seriously as often as I used to. This shows that my losses are not so much.

There's no exemption into this on which a certain gambler or bettor would really be having the chance of losing money no matter how slim or small the odds is.This is why its always that ideal on making yourself

that aware of the chances or probabilities so that you wouldnt be ending up on regretting just because you had just neglect this one out. 1.01 or below it doesnt matter because if you are really that unlucky

you would definitely lose a certain bet.You cant really make out that sure win no matter what.This is why always bet on the amount which you can really afford to lose.
Dont get yourself that too confident no matter how small the chance of losing would be.