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

[tabas]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

[virasog]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

Well the bet which has the odd of 1.01 seems to be an easily predictable bet as the casino and bookmakers give this odd to the bet which has the highest probability of winning.  The bookmakers know the team is strongest and 99% of the gamblers will bet on it, so they keep the odd to the lowest value.
However, in the match, nothing is certain and one in a thousand times the strongest contest (team can lose too and we call it an upset. If this happens, all 99% of the gamblers on bet with 1.01 lose their money. Also with low odds, gamblers are expected to bet with a larger amount of money as they know the loss probability is low.

[Slow death]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

Well the bet which has the odd of 1.01 seems to be an easily predictable bet as the casino and bookmakers give this odd to the bet which has the highest probability of winning.  The bookmakers know the team is strongest and 99% of the gamblers will bet on it, so they keep the odd to the lowest value.
However, in the match, nothing is certain and one in a thousand times the strongest contest (team can lose too and we call it an upset. If this happens, all 99% of the gamblers on bet with 1.01 lose their money. Also with low odds, gamblers are expected to bet with a larger amount of money as they know the loss probability is low.

What I don't understand is why people bet on games where the odds are very low, I know that low odds mean there's a high probability of winning, but in this gambling market, people need to understand a very important rule: it doesn't matter if the odd is low or high in any of the scenarios there is a risk of losing money, but there is also another difference which consists of the following: when a person bets on a game with a high odd, something like a game with odds of more than @2.00 this person when he wins has 2 more opportunities to make a bet again

with that, that person has two more chances to play and hit and increase the bankroll value and in the long term keep profits in exchange for taking high risk, this is because games where the odds are at @ 2.00 or more are difficult games to predict As a result, they force the person to have to know the teams well so that he can guess who will win, but when the person is betting on games with odds of less than @2.00 in single bets, then that person will not make a profit in the long term, that person it will go bankrupt, it will lose all its bankroll, it is doomed to failure, the person can even take a test that will reach the same conclusion I am saying

unfortunately many people have used this method of placing bets with low odds, they believe that they only need to have many wins and few losses to make a profit, but when you look at how much you have in your bank vs the number of wins, the person is faced with something terrifying, there are many wins but the bank value is not increasing so it's worth continuing to bet

[n0ne]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

Even we can experience bets with lower odds losing unexpected. In Miami Open final got to see Sinner leading the first set with a break point and the odds got low on live betting. What happened at the end Medvedev won the set. This happens with every sports and in all means we should be accompanied by luck which could bring win even when we place @5 or even higher odds. I've experienced @10 odds win in sports betting where the bet amount is just $10.

[tusandii]

Exactly lack of a betting limit is what has affected a lot of gamblers today because they have been on the verge of risk without proper analysis of the odds, how can somebody gamble away such a huge amount without double chances the bets?

-If he had divided the 1.4 million into two parts and bet the half against the first bet since the bet odd will be big, that way you double chance the bet.

Maybe the method you convey is quite good, friend, because it can provide bigger opportunities and if the first bet loses, the gambler can take a chance on the second bet to get profits and at least return losses on the initial bet.
But unfortunately not all gamblers can have this kind of thinking. They cannot use a betting method or strategy if there is already a big profit opportunity to win even though there is a risk that must be accepted.
Whether gamblers like that want to take risks because they have a lot of money or indeed because we are chasing big profits, we don't know, but betting strategies are very important and must be able to be applied by all gamblers so they don't lose large amounts of money.

Speaking of betting strategy, I'm in the position where it might be the way how this gambler works, trying to sort all the available games and pick what he thinks have a higher chance of winning, trying to scalp the gambling market and aim for quick profits, unfortunately, the outcome is not in his favor.

In gambling, there's always a risk even you think you plan your game and you pick what you think will generate profits
but if luck turn against you, the outcome always goes the other-side.

If sorting all the available games to get bigger opportunities it will be difficult to do because there are lots of games that you have to try and it definitely takes a long time to finish them, moreover the winning chances of each game will change every time so it's impossible to sort it.
What I mean is with the strategy of using not just one bet but more than one bet so that when a gambler loses on one bet they still have a chance to win on another bet which might be able to recover losses from bets that were previously lost.
How to bet like this is very rarely realized by most gamblers, friends, even you yourself don't seem to really understand what I mean.
Yes, a good strategy if it goes against my luck, the result will be in vain, but at least we as gamblers have tried our best to get this advantage.

[lienfaye]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

Even we can experience bets with lower odds losing unexpected. In Miami Open final got to see Sinner leading the first set with a break point and the odds got low on live betting. What happened at the end Medvedev won the set. This happens with every sports and in all means we should be accompanied by luck which could bring win even when we place @5 or even higher odds. I've experienced @10 odds win in sports betting where the bet amount is just $10.

Always expect the unexpected and don't be too confident, that's the lesson of this story. If you can afford to gamble such millions in 1 bet, so be it. But if you did that just because you're certain you'll win then that's the problem.

It's gambling and the result is not guaranteed to be in your favor. Hence if you can't bear losing the money you used to gamble then it is your fault for being too confident just because the odds are low.

[len01]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

Well the bet which has the odd of 1.01 seems to be an easily predictable bet as the casino and bookmakers give this odd to the bet which has the highest probability of winning.  The bookmakers know the team is strongest and 99% of the gamblers will bet on it, so they keep the odd to the lowest value.
However, in the match, nothing is certain and one in a thousand times the strongest contest (team can lose too and we call it an upset. If this happens, all 99% of the gamblers on bet with 1.01 lose their money. Also with low odds, gamblers are expected to bet with a larger amount of money as they know the loss probability is low.

as I said before that the odds are low or like 1.01 it does look convincing but there is no guarantee whatsoever for a win.
maybe it's true what you say that the guy bet over $1 million seeing low odds 1.01 which looks like 99% win but in reality what he got was not 99% but 1% loss lost all his money. very sad.

this uncertainty at low odds teaches us to always not trust low odds but trust our own predictions more and of course keep using money we can afford to lose.

[xSkylarx]

yep that's right, there is always a risk in every gambling and all types of bets and all those risks I call between lucky and unlucky.

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's right, having even that 1.01 odd doesn't mean that it's a lesser risk or a safe bet because the risk remains and sticks to the bet. Or could arguably say that the risk is less and quite being comfy with the possible outcome based on the given odd. It just changes the mood entirely because of the amount of bet that's being made by this guy. By the time that he's bet with that odd, he's unlucky that he's got beaten and lost it.

Even we can experience bets with lower odds losing unexpected. In Miami Open final got to see Sinner leading the first set with a break point and the odds got low on live betting. What happened at the end Medvedev won the set. This happens with every sports and in all means we should be accompanied by luck which could bring win even when we place @5 or even higher odds. I've experienced @10 odds win in sports betting where the bet amount is just $10.

Always expect the unexpected and don't be too confident, that's the lesson of this story. If you can afford to gamble such millions in 1 bet, so be it. But if you did that just because you're certain you'll win then that's the problem.

It's gambling and the result is not guaranteed to be in your favor. Hence if you can't bear losing the money you used to gamble then it is your fault for being too confident just because the odds are low.

It is like someone giving you money to pay bills, but because you are addicted to gambling, you will bet it all in and are  100% sure that you will win it and the profit will be yours, but it turns out not to be so and in the end you lose it all. The mindset of the person on this is always about profit, not risk or loss. Though I have this mindset, I do not use it because I have already lost a lot of times using it. 

[Desmong]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

[piebeyb]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

for casinos we really need techniques but this thread discusses sports betting gambling which does not require technique but analysis, all gamblers will indeed take lessons from each of their defeats but the fact is that many gamblers don't learn that there are just continuing to play and spending all the money and assets they have he has then become an addict, especially if you want to make sports bets you have to understand and analyze matches before betting

[Betwrong]

If you are greedy, you often end up empty handed. That gambler from the OP was sure about making $11k out of nothing. In other words, he wanted to take all the money bet on the Jaguars, and thought it was easy. It wasn't. Even if you are so rich that you can bet over a million in one bet, don't think you are so smart too. You don't. And now all those brave gamblers that placed their bets on Jaguars are sharing your money between them.

[tabas]

Well the bet which has the odd of 1.01 seems to be an easily predictable bet as the casino and bookmakers give this odd to the bet which has the highest probability of winning.  The bookmakers know the team is strongest and 99% of the gamblers will bet on it, so they keep the odd to the lowest value.
However, in the match, nothing is certain and one in a thousand times the strongest contest (team can lose too and we call it an upset. If this happens, all 99% of the gamblers on bet with 1.01 lose their money. Also with low odds, gamblers are expected to bet with a larger amount of money as they know the loss probability is low.

Yeah, given that the odd is like that and the chance of winning for that team is almost certain. But it's a match, and this is gambling for which we still have that little chance that the game might change and there will be some turnover for which happens truly unexpectedly.

Even we can experience bets with lower odds losing unexpected. In Miami Open final got to see Sinner leading the first set with a break point and the odds got low on live betting. What happened at the end Medvedev won the set. This happens with every sports and in all means we should be accompanied by luck which could bring win even when we place @5 or even higher odds. I've experienced @10 odds win in sports betting where the bet amount is just $10.

Yeah, very plausible to every sports that we're following and betting. Even if you are 100% sure that the bet might win, always set that thought in your minds that things could really turn the opposite surprisingly.

[Wiwo]

As a gambler we need to learn from others so that we are not going to be a victim of such a big losses. Making money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gambler we try a technique and it does not work for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Gambling is a risky activity and at that no matter what lesson you think you have learned, the odds can still be against you and if the luck is not there losing can not be avoided.

-This story only thought us one big lesson which is, not to rely on sure odds to make drastic decisions by staking high amounts, and not every sure game is a winning game.

[BVeyron]

As a gambler we need to learn from others so that we are not going to be a victim of such a big losses. Making money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gambler we try a technique and it does not work for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Gambling is a risky activity and at that no matter what lesson you think you have learned, the odds can still be against you and if the luck is not there losing can not be avoided.

-This story only thought us one big lesson which is, not to rely on sure odds to make drastic decisions by staking high amounts, and not every sure game is a winning game.

Gambling is always about risk, there's no ways to earn in gambling for sure, but there are ways to lose money in gambling, and some ways lead to money losses for sure. So the best way not to lose money in gambling is to know when to stop. Many people think that it works when a person wins much. But the worst thing is that it works also when a person loses much, but can't stop, hoping that there will be a win soon...

[jostorres]

If a bet is "safe" then it's not really a bet but more of an investment.
Gambling is less about investment and more about randomness.

That's a different gambling since it is safe as they have claimed. If it is a gambling that is not safe then that's more likely on casinos or sportsbooks. I am sure you guys know different types of gambling such as playing games and investment. It is what gambling is for, it's either you are willing to take risk or not. I have something to say about safe bet which is not really safe at all since investment could also result in profit loss if what you invested is not successful (like stock price - price decrease).

Are you talking about gambling investment? I remember, back in the day, there were some casinos that used to accept investments for their bankroll and used to pay interest over that based on the amount invested, and I remember that such investments were pretty popular at that time and everyone used to suggest investing in casino bankrolls.

I'm not sure but I think there are no casinos that offer this anymore or maybe I just didn't see or heard of any. Nowadays, casinos are more popular and have high rollers so the revenue is high, they probably don't need any investments for their bankroll I guess.

[Ebede]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

gambling is not something that you need to learn from somebody because somebody that lose in gambling cannot give you any reason why it lose in gambling even though the person so so make profit it cannot give you the reason why the profit occur, the only thing I understand there is that gambling is a grace

[serjent05]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

gambling is not something that you need to learn from somebody because somebody that lose in gambling cannot give you any reason why it lose in gambling even though the person so so make profit it cannot give you the reason why the profit occur, the only thing I understand there is that gambling is a grace

We do need to learn from experiences of others.  Not obviously the games but their lives troubles, success, and many more.  We can also set some people as examples such as when a person got addicted, what is the effect of gambling addiction to oneself and his family.  By learning those things we can be aware of ourselves the things we need to avoid and the things we need to do to make ourselves resistant to gambling addiction.

As a gambler we need to learn from others so that we are not going to be a victim of such a big losses. Making money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gambler we try a technique and it does not work for us, then we need to try another one that will work and give us the kind of profits we are looking for.

Gambling is a risky activity and at that no matter what lesson you think you have learned, the odds can still be against you and if the luck is not there losing can not be avoided.

-This story only thought us one big lesson which is, not to rely on sure odds to make drastic decisions by staking high amounts, and not every sure game is a winning game.

Gambling is always about risk, there's no ways to earn in gambling for sure, but there are ways to lose money in gambling, and some ways lead to money losses for sure. So the best way not to lose money in gambling is to know when to stop. Many people think that it works when a person wins much. But the worst thing is that it works also when a person loses much, but can't stop, hoping that there will be a win soon...

I do agree that gambling is always about the risk but winning or losing it is all random.  So I can't say that there is no way to earn in gambling.  You earn profit if you win but obviously you lost money if you lose.

[Fivestar4everMVP]

As a gambler we need to learn from others so that we are not going to be a victim of such a big loses. To make money as a gambler is not that easy that is why we must be ready and try many techniques that will work for us as a consistent gamblers. If we try a technique and it does not works for us, then we need to try another one that will work and give us the kind of profits we are looking for.

gambling is not something that you need to learn from somebody because somebody that lose in gambling cannot give you any reason why it lose in gambling even though the person so so make profit it cannot give you the reason why the profit occur, the only thing I understand there is that gambling is a grace

It depends on the type of gambling, there is sports betting and there is also slot games.
If you are doing sports betting, which actually is the topic of discussion on this thread, if you lose your bet, there is always a reason why you lost, and if you win, there is always a reason why you won, some gambling requires strategy, as without strategy, your gambling activities would be as one running round a mountain with the intention of climbing, but eventually, he keep running round the mountain without actually climbing it.

And for casino games, like slot, this is a game where the gambler solely depends on luck to win, if the gambler did not win, it is an already established idealogy that the gambler wasn't lucky at that moment, this can be called a reason as well.

[Fredomago]

If you are greedy, you often end up empty handed. That gambler from the OP was sure about making $11k out of nothing. In other words, he wanted to take all the money bet on the Jaguars, and thought it was easy. It wasn't. Even if you are so rich that you can bet over a million in one bet, don't think you are so smart too. You don't. And now all those brave gamblers that placed their bets on Jaguars are sharing your money between them.

Thinking that you can outsmart the house by placing an almost sure bet with 99% winning chances, only to find out that it will turned to the other side and the house are the one who outsmart you, they simply take away millions out of your pocket while thinking that you can just as easily cash out some thousand if in the event you got the winning team.

There's always an unusual outcome and gambling is a full of risk venue to think that you can make an easy money, always have that extra research before concluding or deciding to how you will place you bet.

[delfastTions]

If you are greedy, you often end up empty handed. That gambler from the OP was sure about making $11k out of nothing. In other words, he wanted to take all the money bet on the Jaguars, and thought it was easy. It wasn't. Even if you are so rich that you can bet over a million in one bet, don't think you are so smart too. You don't. And now all those brave gamblers that placed their bets on Jaguars are sharing your money between them.

Thinking that you can outsmart the house by placing an almost sure bet with 99% winning chances, only to find out that it will turned to the other side and the house are the one who outsmart you, they simply take away millions out of your pocket while thinking that you can just as easily cash out some thousand if in the event you got the winning team.

There's always an unusual outcome and gambling is a full of risk venue to think that you can make an easy money, always have that extra research before concluding or deciding to how you will place you bet.

Here, what you say about earning "easy" money - this should always be checked.  Usually this is how, promising to get quite a lot of money, without putting any effort or work adequate to the amount, scammers deceive naive citizens.  And among ordinary people there are a huge number of naive fools who believe scammers.  And they lose their hard-earned money.  However, it is not always easy to check the intentions of someone who promises a big win.  Sometimes people affected by such a loss of money claim that they voluntarily made a bet or simply trusted someone with their money under the influence of some kind of hypnotic state.  And at such a moment, they were not even fully aware of the logic that they were doing wrong or even making a gross mistake.  All these are mysteries of the human psyche. 
Because then they all know what a stupid thing they did. 
But it's' too late.