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

[Wiwo]

Making loses as a gambler is something we can not avoid that is why we need to work on our game so that as we are making few loses we are gaining big from the strategy we are using. Gambling is an activity and those would understand how it works do not bother themselves much about making loses. Win may be certain at some extent and we should always works or maximizing our profits and minimizing the loses so that we can make a very good profits from the casino we are using as a gambler.

I am amazed to see that this thread has already reached 40 pages and still counting, indeed this should be one of the biggest loses in the history of single bet odd for a long time because 1.4 million dollars is quite huge and with so many things happening around the gambling market where players are. Always warn to avoid taking too much risk on a bet even though we can avoid losses but we can at less minimize its impact on our financial well-being.

 Before one set out to gamble, truly there is a need to settle the risk aspect of it and even though we gamble with the hope of making winning, we must also expect losses all g the line, because that is the nature of gambling you win some, you Lose some that is the way it goes.

[Shamm]

Making loses as a gambler is something we can not avoid that is why we need to work on our game so that as we are making few loses we are gaining big from the strategy we are using. Gambling is an activity and those would understand how it works do not bother themselves much about making loses. Win may be certain at some extent and we should always works or maximizing our profits and minimizing the loses so that we can make a very good profits from the casino we are using as a gambler.

I am amazed to see that this thread has already reached 40 pages and still counting, indeed this should be one of the biggest loses in the history of single bet odd for a long time because 1.4 million dollars is quite huge and with so many things happening around the gambling market where players are. Always warn to avoid taking too much risk on a bet even though we can avoid losses but we can at less minimize its impact on our financial well-being.

 Before one set out to gamble, truly there is a need to settle the risk aspect of it and even though we gamble with the hope of making winning, we must also expect losses all g the line, because that is the nature of gambling you win some, you Lose some that is the way it goes.

That's why this thread keeping more replies because all gamblers can have a lesson after reading this and we a all know that every on of us are in different country and have a different value of our money like in my country which 1.4 million dollars is a huge money because 1 dollar is around  54.45 PHP and if we convert 1.4millionx54.45= 76447700.00 PHP and every time read this thread it was a big money to loss and it can sustain our daily lives and buy what we want to buy.

[Wiwo]

That's why this thread keeping more replies because all gamblers can have a lesson after reading this and we a all know that every on of us are in different country and have a different value for our money like in my country which is 1.4 million dollars is huge money because 1 dollar is around

Exactly,  a lot of lessons have been learned from this incident and what makes it more touching is the fact that the amount lost is quite a significant amount that many think is enough money to change someone's life, this thread has been one of the threads that thought me how not to bet on sure odds since there are no odds that is 100% sure.

And also I have learned to minimize staking amount per time, this is because,  if the gamblers have a hard proper limit application, he or they won't have gone ahead to stake such an amount and that could have reduced the total amount I lose, from the replies of many members I have learned from the diverse experience of other in the forum and what they're thinking about the risk taken by the ops in question.

[tusandii]

Before one set out to gamble, truly there is a need to settle the risk aspect of it and even though we gamble with the hope of making winning, we must also expect losses all g the line, because that is the nature of gambling you win some, you Lose some that is the way it goes.

Unfortunately, not all gamblers think about this, friends, because they start gambling with hope and think that gambling can make large amounts of money easily and quickly, but they don't think about the risk of losing and losing money with a larger percentage than winning.
People with this kind of thinking will usually only get defeat after defeat because they cannot accept the losses that they get so they want to chase victory.
But thank you, friend, because with your delivery this has indirectly given understanding to those who gamble just to take advantage.

[sashapan]

A big casino bet is better to take away than to give you the same amount... And low X's are turnover and everyone has already protected themselves with scripts

   But sometimes miracles happen) here's my friend's bet, the old truth

Congratulations to your friend, he is very lucky! A profit of 33 ETH - must have been a long time ago indeed)

Still, this screenshot says little. Maybe it's a betting simulator and your friend didn't play for money. What is the name of this casino? Is it still working?

Yes it is the most popular casino stake ) and of course it still works, and my friend's bid is also a real one but it's a long time ago) now I'm watching the last bets of the players

[virasog]

Before one set out to gamble, truly there is a need to settle the risk aspect of it and even though we gamble with the hope of making winning, we must also expect losses all g the line, because that is the nature of gambling you win some, you Lose some that is the way it goes.

Unfortunately, not all gamblers think about this, friends, because they start gambling with hope and think that gambling can make large amounts of money easily and quickly, but they don't think about the risk of losing and losing money with a larger percentage than winning.
People with this kind of thinking will usually only get defeat after defeat because they cannot accept the losses that they get so they want to chase victory.
But thank you, friend, because with your delivery this has indirectly given understanding to those who gamble just to take advantage.

If gamblers do not take into account the risk associated with each game, I am afraid that they will never be able to make money in gambling. The gambling houses know exactly that and they make full use of this situation when a gambler invests more in any bet. Even a bet with odds of 1.01 favors the gambling house because even if the gambler wins this easy bet, he or she will get the minimum amount of profit.

[Wiwo]

If gamblers do not take into account the risk associated with each game, I am afraid that they will never be able to make money in gambling. The gambling houses know exactly that and they make full use of this situation when a gambler invests more in any bet. Even a bet with odds of 1.01 favours the gambling house because even if the gambler wins this easy bet, he or she will get the minimum amount of profit.

House edge is always set to favour the house and that is the true reflection of things, but the misconception in your reply is where mentioned that even though the gambler has won the bet he will not profit much, that is true anyways since the odd is small and the income will be almost unnoticed because .01 won't generate any meaningful percentages in profits but at least if the gambler won he will have return pf invested amount which is the staking amount including the winning even though it will not be much but at least the player won't be at lost.

 But if the gambler lost the bet, he will lose everything to the house, which is why the house will try all means to see the gambler losing the bet, this system is how casino house generates their revenue, and this is why w always say gambling is luck based and not about sure odds because the odds can change at whatever point just to favour the house against the players but with luck, it will at the end favours the gambler.

[tusandii]

-snip-

-snip-

If gamblers do not take into account the risk associated with each game, I am afraid that they will never be able to make money in gambling. The gambling houses know exactly that and they make full use of this situation when a gambler invests more in any bet. Even a bet with odds of 1.01 favors the gambling house because even if the gambler wins this easy bet, he or she will get the minimum amount of profit.

In fact, this is what happens to most gamblers. Not all gamblers can even make money from gambling because the percentage of losses in gambling is greater when compared to wins.
Gamblers can limit the number of losses and not get big losses, we can consider them winners because the biggest advantage in gambling is being able to minimize the amount of money lost.
If someone can win and get a certain amount of money but can't set a limit to play, then they will return to defeat and the losses will be even greater.
So far no one can beat friend's house, even if someone says they can beat house, I think it's just a fairy tale.

[mak013]

That's why this thread keeping more replies because all gamblers can have a lesson after reading this and we a all know that every on of us are in different country and have a different value for our money like in my country which is 1.4 million dollars is huge money because 1 dollar is around

Exactly,  a lot of lessons have been learned from this incident and what makes it more touching is the fact that the amount lost is quite a significant amount that many think is enough money to change someone's life, this thread has been one of the threads that thought me how not to bet on sure odds since there are no odds that is 100% sure.

And also I have learned to minimize staking amount per time, this is because,  if the gamblers have a hard proper limit application, he or they won't have gone ahead to stake such an amount and that could have reduced the total amount I lose, from the replies of many members I have learned from the diverse experience of other in the forum and what they're thinking about the risk taken by the ops in question.

Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.

[Fredomago]

-snip-

-snip-

If gamblers do not take into account the risk associated with each game, I am afraid that they will never be able to make money in gambling. The gambling houses know exactly that and they make full use of this situation when a gambler invests more in any bet. Even a bet with odds of 1.01 favors the gambling house because even if the gambler wins this easy bet, he or she will get the minimum amount of profit.

In fact, this is what happens to most gamblers. Not all gamblers can even make money from gambling because the percentage of losses in gambling is greater when compared to wins.
Gamblers can limit the number of losses and not get big losses, we can consider them winners because the biggest advantage in gambling is being able to minimize the amount of money lost.
If someone can win and get a certain amount of money but can't set a limit to play, then they will return to defeat and the losses will be even greater.
So far no one can beat friend's house, even if someone says they can beat house, I think it's just a fairy tale.

Maybe for once I mean maybe you can collect a huge amount of winning from the house if you are so lucky but eventually if you will keep betting and keep coming back without any limitation with your bankroll, you'll just finding your self giving it back to the house and with losing streak you might deposit most if not all your savings and lose it with the house.

I like your opinion with the gambler who can minimize losses. It's the best practice not to lose huge and if luck permits, you may win some and you can stop playing with some winning amount in your pocket.

[EarnOnVictor]

That's why this thread keeping more replies because all gamblers can have a lesson after reading this and we a all know that every on of us are in different country and have a different value for our money like in my country which is 1.4 million dollars is huge money because 1 dollar is around

Exactly,  a lot of lessons have been learned from this incident and what makes it more touching is the fact that the amount lost is quite a significant amount that many think is enough money to change someone's life, this thread has been one of the threads that thought me how not to bet on sure odds since there are no odds that is 100% sure.

And also I have learned to minimize staking amount per time, this is because,  if the gamblers have a hard proper limit application, he or they won't have gone ahead to stake such an amount and that could have reduced the total amount I lose, from the replies of many members I have learned from the diverse experience of other in the forum and what they're thinking about the risk taken by the ops in question.

Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.

As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.

[ethereumhunter]

As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.

Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.

[Rabata]

As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.

Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.

I usually use gamble money that I afford to loss. Also try to limit my bankroll and not keep my gambling balance above a certain level. Because my gambling thought may change at any time. The gambler who keep big money undoubtedly have good betting knowledge. Those who can take such big bets are rich enough. They took risks and will take risks in the future. Such a big risk is not possible for any ordinary gambler. The strategies of those gamblers will not be similar for ordinary gamblers like us.

[Wiwo]

As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.

Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.

The best thing from this story to me is the lesson we learn from this story since the gambler who lost such an amount went overboard, and took too much of a risk to have staked such a huge amount on a single bet selection.

So the lesson is what makes the whole story essential for our discussion since we don't even know the authenticity of the story since there is no verifiable link shared along with the story, it can be a staged story without any real individual involved.

But then we can't outwrite the many lessons from the various comments and replies this has made this discussion really exciting because 1.4 million on a bet is something unbelievable to many of us.

[klidex]

As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.

Two things can happen to that guy: he will feel pain and regret or he will feel nothing because he is still a billionaire who still has a lot of money. We also won't know what he feels, but we can still learn from him to always limit our gambling, especially using money to gamble.

Gambling can indeed provide big profits but also vice versa. We can experience big losses, especially if we can't limit the money to bet. And we must indeed weigh the risks wisely because whatever it is, we are only using gambling for fun.

I usually use gamble money that I afford to loss. Also try to limit my bankroll and not keep my gambling balance above a certain level. Because my gambling thought may change at any time. The gambler who keep big money undoubtedly have good betting knowledge. Those who can take such big bets are rich enough. They took risks and will take risks in the future. Such a big risk is not possible for any ordinary gambler. The strategies of those gamblers will not be similar for ordinary gamblers like us.

Sometimes saying it's easier than doing it directly, like betting using money you can afford to lose, but if you can't control yourself, it will all change quickly from using money you can afford to lose to being greedy.
Because in every gambling gambler sometimes will experience successive defeats and at that moment a feeling of emotion will appear in your mind after that you will try to deposit several times to catch up with the defeat.
At that time you will find it difficult to control yourself and regret when you cannot control your emotions. As in the case of the man who lost 1.4 dollars because he could not control himself.

[Woodie]

If all numbers were tallied to find which odds players lose most of their money, it has to be these safe looking odds like 1.01!
And tbh its careless if you ask me betting  on such !!
But if you prefer such game types you need to always check what the prematch odds were like and who was the favourite, because if its the favourite and the team is winning most of the time the market gets closed for such but should it be open...proceed with caution.
1.4million dollars gone, ouch, should have bought a lambo and remained with some money in the bank

[erep]

Sometimes saying it's easier than doing it directly, like betting using money you can afford to lose, but if you can't control yourself, it will all change quickly from using money you can afford to lose to being greedy.
Because in every gambling gambler sometimes will experience successive defeats and at that moment a feeling of emotion will appear in your mind after that you will try to deposit several times to catch up with the defeat.
At that time you will find it difficult to control yourself and regret when you cannot control your emotions. As in the case of the man who lost 1.4 dollars because he could not control himself.

The factors you mentioned above will trigger gamblers to bet high to recover losses from consecutive losses, if forced to continue betting then you will lose self-control due to the emotional impact of the impact of losses, they will bet beyond the capacity limit for gambling funds, they even deposit funds another to bet again. So if we experience a losing streak, don't force a bet on the same day, sometimes on this day everything we do will experience higher losses.

[Silberman]

The best thing from this story to me is the lesson we learn from this story since the gambler who lost such an amount went overboard, and took too much of a risk to have staked such a huge amount on a single bet selection.

So the lesson is what makes the whole story essential for our discussion since we don't even know the authenticity of the story since there is no verifiable link shared along with the story, it can be a staged story without any real individual involved.

But then we can't outwrite the many lessons from the various comments and replies this has made this discussion really exciting because 1.4 million on a bet is something unbelievable to many of us.

Regardless of whether this event happened or not many lessons can still be learned from it, but one of the most important has to be the importance of money management on everything that we do, even something as simple as making a bet requires the use of our money management skills, and if for some reason we refuse to use them then the consequences can be incredibly severe as a single mistake can be more than enough to lose so much money that recovering from it could take us years or even our entire lifetimes.

[slapper]

If all numbers were tallied to find which odds players lose most of their money, it has to be these safe looking odds like 1.01!
And tbh its careless if you ask me betting  on such !!
But if you prefer such game types you need to always check what the prematch odds were like and who was the favourite, because if its the favourite and the team is winning most of the time the market gets closed for such but should it be open...proceed with caution.
1.4million dollars gone, ouch, should have bought a lambo and remained with some money in the bank

Damn. It's hilarious how the bets that appear to be the safest can actually be the riskiest. Folks. Every one of us has made the mistake of trying to play it safe only to end up losing everything. If so, why? When we know the chances are stacked against us, why do we feel the urge to take a chance anyway? Perhaps it's because it's in our nature to seek out exciting new experiences. We seek the thrill of gambling although knowing full well the risks involved. To what extent, though? Are we being careful when we bet on those supposedly "safe" odds, or are we just fooling ourselves?

[mak013]

Without information from the gambler we can`t say that it was a lesson for him. If he has an opportunity to make several same bets same time - he has good chances to get more profit than this lose.
If he makes 3-5 such bets per day - he can get more money for a month. Of course he doesn`t like this situation but i don`t sure that it is critical for him.

As long as the guy is a human being, this is a lesson for him, I simply do not know why you believe he can't learn from it. We learn every day, and even if the guy is a billionaire, he would have the pinch of pain and regret in him that he could have used the money for a better thing or do not take such a stupid risk in expectation of peanut.

Gambling could come either way, yet if we have good managerial plans and always weigh our risks and outcomes to decide right, then we are wise.

In gambling you always can lose. It is possible that this gambler has a strategy with lots of big bets with small odds. But even in such strategy he has tp remember that it is possible to lose. In such situation it can be a lesson for us - what is money management. But the same time it is possible that it is all his money and he decided that he has find a way to get easy money. Thus, he received a lesson that he no longer needs.