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

[SamReomo]

Why would someone test his luck with such a low odd.

It's test of luck because some gamblers believe that low odds are always lucky for them and that's why they mostly place bets on low odds. Everyone thinks differently, if you think that no one would try their luck with low odds that's your mindset, however if someone thinks that they get lucky when the odds are low that's their mindset.

I agree with your that comment, the gambler did something which's no less than pure stupidity, but sometimes in test of ones luck such stupidities happen. He might have betted on a wrong sports game that's why he lost the bet even with that low odds. I have personally never lost a bet with low odds, but I placed those bets on cricket matches, however if I try placing same bets on other sports then I might lose bets.

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[rachael9385]

Why would someone test his luck with such a low odd.

It's test of luck because some gamblers believe that low odds are always lucky for them and that's why they mostly place bets on low odds. Everyone thinks differently, if you think that no one would try their luck with low odds that's your mindset, however if someone thinks that they get lucky when the odds are low that's their mindset.

   It's already clear to everyone (especially gamblers) that there is not between gamblers and bets/odds.
   Everyone thoughts are not the same so if for instance a gambler thinks that to win a bet is based on the smallest odds that means the person should get ready to lose more.

I agree but you that comment, the gambler did something which's no less than pure stupidity, but sometimes in test of ones luck such stupidities happen. He might have betted on a wrong sports game that's why he lost the bet even with that low odds. I have personally never lost a bet with low odds, but I placed those bets on cricket matches, however if I try placing same bets on other sports then I might lose bets.

   The funnest part is how little the odd is and still lost, however its all about luck not strategies or smartness.
   The gambler use play smart on this game but his smartness was unlucky for him.
   This is a perfect example to show all gamblers that things gamble is based on how smart you are or the odds you choose, that gamble is all about luck.

[SamReomo]

The funnest part is how little the odd is and still lost, however its all about luck not strategies or smartness.

True, the luck is the main factor, if someone's luck isn't good then he/she can lose a bet with so low odds while on the other hand if someone's luck if good then they could win bets with high odds. When it comes to strategy, high odds are always considered risky however, if someone's luck is not in their favor then low odds can also be risky. We have learnt a great lesson from that gambler, that luck is the main determiner of success in gambling without it there's loss only.

[Hamphser]

The funnest part is how little the odd is and still lost, however its all about luck not strategies or smartness.

True, the luck is the main factor, if someone's luck isn't good then he/she can lose a bet with so low odds while on the other hand if someone's luck if good then they could win bets with high odds. When it comes to strategy, high odds are always considered risky however, if someone's luck is not in their favor then low odds can also be risky. We have learnt a great lesson from that gambler, that luck is the main determiner of success in gambling without it there's loss only.

When dealing up with gambling then of course being lucky would really be the most important factor for you to win up on gambling on which we know that no matter how low the odds is but doesnt mean that
it would really be giving out that kind of guaranteed win. No matter how small the odds on losing up the game and as long the chances isnt 0% then always bare in mind that losing could really happen.
This is why its never been that recommended that you would really be making yourself having those risks considerations on which we know that this is something that very crucial on the time that you would really be dealing up with gambling. You cant really just make yourself having that all in kind of betting even no matter how the low odds are but it doesnt mean that you would really be needing to have that kind of
all in bet. It cant really be just that something having those kind of exemptions on which it would really be that a normal approach.

[paxmao]

The funnest part is how little the odd is and still lost, however its all about luck not strategies or smartness.

True, the luck is the main factor, if someone's luck isn't good then he/she can lose a bet with so low odds while on the other hand if someone's luck if good then they could win bets with high odds. When it comes to strategy, high odds are always considered risky however, if someone's luck is not in their favor then low odds can also be risky. We have learnt a great lesson from that gambler, that luck is the main determiner of success in gambling without it there's loss only.

Crazy money for crazy people, but the story is not complete unless we know the story of the person who decided to place such a disparate wager. If it was part of a strategy of betting many times such an amount across several bets with some probabilistic chance, then he might have recover the loss with some short of earning in the rest of the process. Some people can afford such things.

[sompitonov]

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

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?

In my opinion, with such low odds, you can lose your deposit not so slowly. I have never liked such odds, because you can lose everything and, most importantly, if you win, we get very little. I never bet like this and I don’t advise other players to bet with these odds; in my opinion, it’s absolutely pointless. I am sure that such players think that they are smarter than everyone else, and that he will bet 1 million all his life on small odds to win, but this will definitely come to an end. This player simply did not want to believe it and the situation that happened to him simply showed him that he is not the smartest here. It would be better if he put the money at a small percentage of return, and not engage in such nonsense, although we all know that banks also have a chance of default and there is no good place anywhere so that there is no minimum risk.

[Baofeng]

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

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?

In my opinion, with such low odds, you can lose your deposit not so slowly. I have never liked such odds, because you can lose everything and, most importantly, if you win, we get very little. I never bet like this and I don’t advise other players to bet with these odds; in my opinion, it’s absolutely pointless. I am sure that such players think that they are smarter than everyone else, and that he will bet 1 million all his life on small odds to win, but this will definitely come to an end. This player simply did not want to believe it and the situation that happened to him simply showed him that he is not the smartest here. It would be better if he put the money at a small percentage of return, and not engage in such nonsense, although we all know that banks also have a chance of default and there is no good place anywhere so that there is no minimum risk.

Who would like that odds? I mean 1.01? I will never bet on that kind of odds as there are still chances to lose that one and that's what happen here to this big whales who think that he can out smart or he is just so unlucky and lose it.

And it just shows how sports betting it, we don't know what will be the outcome even if the spread is that huge as any teams can make a huge comeback and that's what happen here, just a point is enough for the Jaguars to win.

[EarnOnVictor]

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

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?

In my opinion, with such low odds, you can lose your deposit not so slowly. I have never liked such odds, because you can lose everything and, most importantly, if you win, we get very little. I never bet like this and I don’t advise other players to bet with these odds; in my opinion, it’s absolutely pointless. I am sure that such players think that they are smarter than everyone else, and that he will bet 1 million all his life on small odds to win, but this will definitely come to an end. This player simply did not want to believe it and the situation that happened to him simply showed him that he is not the smartest here. It would be better if he put the money at a small percentage of return, and not engage in such nonsense, although we all know that banks also have a chance of default and there is no good place anywhere so that there is no minimum risk.

Who would like that odds? I mean 1.01? I will never bet on that kind of odds as there are still chances to lose that one and that's what happen here to this big whales who think that he can out smart or he is just so unlucky and lose it.

And it just shows how sports betting it, we don't know what will be the outcome even if the spread is that huge as any teams can make a huge comeback and that's what happen here, just a point is enough for the Jaguars to win.

The daring nature of some people makes them opt for such odds, but this is certainly not wise and shows overconfidence which is not a good characteristic of a gambler. Also, such odds come with tempting assurance because no one will bet on that kind of poor odds except that it will be an almost certain outcome for them. But they often neglect that an almost-certain outcome is not a certain outcome, so even if the possibility for the gambler to win the bet is 99.95%, such should know that the 0.05% possibility of losing it could be catastrophic and could actually be the outcome at that time.

This is why we should be sensible and going for higher odds with a very reasonable amount of money is the right approach here. I see mainly two issues in the betting of that guy, and they are Wrong betting decisions and Improper management. Aside from the lame option, no one should bet that huge amount in a single bet just like that, it is wrong. He should have divided it into at least 10% ($140,000 per bet) in my opinion, which could have saved his head better in a situation like this.

[Mahanton]

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

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?

In my opinion, with such low odds, you can lose your deposit not so slowly. I have never liked such odds, because you can lose everything and, most importantly, if you win, we get very little. I never bet like this and I don’t advise other players to bet with these odds; in my opinion, it’s absolutely pointless. I am sure that such players think that they are smarter than everyone else, and that he will bet 1 million all his life on small odds to win, but this will definitely come to an end. This player simply did not want to believe it and the situation that happened to him simply showed him that he is not the smartest here. It would be better if he put the money at a small percentage of return, and not engage in such nonsense, although we all know that banks also have a chance of default and there is no good place anywhere so that there is no minimum risk.

Who would like that odds? I mean 1.01? I will never bet on that kind of odds as there are still chances to lose that one and that's what happen here to this big whales who think that he can out smart or he is just so unlucky and lose it.

And it just shows how sports betting it, we don't know what will be the outcome even if the spread is that huge as any teams can make a huge comeback and that's what happen here, just a point is enough for the Jaguars to win.

If this kind of news or articles showed up then this does basically means that you are really that indeed seeing that there are people whom do really have bet that 1.01 odds on which for most us bettors would really be definitely be skipping out to throw money into this kind of odds but there are really that those extreme gamblers or risks takers who would really be making such all in bet with this kind of number.
The main thing on what these bettors that they do really have in mind is that with this kind of odd then they are thinking a one side game or would really be that sure win.
They would really be betting everything that they do have on which its not really that recommendable on this way because there's no such thing about 100% winning or sure win
on this betting world. As long that chance doesnt drop to zero then there's always that possibility that you would really be able to lose up a certain bet and that would surely a big regret into your life
specially you do make that all in bet. 

[Zadicar]

Did make out some research about some realistic point of view in regarding about 1.01 odds.

Mainly because 1.01 odds imply 99% chance of winning, but rarely there are matches between huge favorites play against underdogs and the actual odds of favorites winning is 99%. Usually in such matches the actual chance for favorite to win is more like 93%, which makes the odds to be more like 1.08. However bookies lower the odds so that even if that 1 time out 100 times the favorite loses, they still profit from these high rollers who covers only favorites.
Source: https://www.quora.com/In-sports-betting-why-do-extremely-low-odds-like-1-01-bet-100-and-get-101-back-if-you-win-sometimes-lose

If you do base up about into those odds then its not completely 0%. The ones who do make money would be those bookies.
For those who are bettors believing that 99% winning rate on 1.01 is indeed true but always consider out about the risks on losing, so all isn't recommended.

[Fivestar4everMVP]

Did make out some research about some realistic point of view in regarding about 1.01 odds.

Mainly because 1.01 odds imply 99% chance of winning, but rarely there are matches between huge favorites play against underdogs and the actual odds of favorites winning is 99%. Usually in such matches the actual chance for favorite to win is more like 93%, which makes the odds to be more like 1.08. However bookies lower the odds so that even if that 1 time out 100 times the favorite loses, they still profit from these high rollers who covers only favorites.
Source: https://www.quora.com/In-sports-betting-why-do-extremely-low-odds-like-1-01-bet-100-and-get-101-back-if-you-win-sometimes-lose

If you do base up about into those odds then its not completely 0%. The ones who do make money would be those bookies.
For those who are bettors believing that 99% winning rate on 1.01 is indeed true but always consider out about the risks on losing, so all isn't recommended.

Partially understood all that you said, but I guess I will have to read up on the link that you provided to gain better understanding on this research you are talking about.

But anyways, I think one thing that have been established on this thread so far, is the fact that there are no sure wins in gambling or sports betting, every bet, regardless of the odds carries with it it's won level of risk, 1.01 odds will sure look like a bullet proof sure win to some people, because they feel that casino already are sure of that game winning, and that is why they made the potential payout in odd so very low, but the truth is that, even as little as this 1.01 odds is, it still have its one risk of loss, which is why its mandatory for us as gamblers to never risk more than we can afford to lose, no matter how attractive the odds of the game is, for if there were anything like sure wins in betting, that is definitely what we all will be looking for, and once found, gamblers can possibly through the single game rekt an entire casino.

[Ojima-ojo]

The funnest part is how little the odd is and still lost, however its all about luck not strategies or smartness.

True, the luck is the main factor, if someone's luck isn't good then he/she can lose a bet with so low odds while on the other hand if someone's luck if good then they could win bets with high odds. When it comes to strategy, high odds are always considered risky however, if someone's luck is not in their favor then low odds can also be risky. We have learnt a great lesson from that gambler, that luck is the main determiner of success in gambling without it there's loss only.

Most times people believe that low odds will give them guarantee winning, that is why someone could risk such a huge amount on bets, imagine someone stake about 1.4 million that is really a huge amount and with the low odds he thought he is gonna win but at the end he lost the bet in such a way that he was wiped out of his reserve balance.


Sometimes gamblers should stop taking low odds as a basis to staking huge amount and expecting to win outrighly, it doesn't happen that way and some time or all the time any odds can still fail depending on the amount of luck and chance's that comes up along the line.

[Uhwuchukwu53]

I have lost 1.01 odd before, I have lost 1.05 odd more than ones before, I have lost 1.02 several times that let me know that going for lower odds is stupidity, it will only encourage you to increase the money you use to stake and losses is still possible. It is a means of getting addicted too.

I have won 1.25 to 2 odds before very well, if I take higher odd with lower amount of money and lose, it is better than going for lower odds with high amount of money.

Well I can't say that one who go for lower odd with higher money is wrong either both, this is a matter of what favor you at the end because as many betting prediction don't work for everyone according to how another chooses he/her game.

As long gambling mostly that aspects of betting using odd for a game individual knows where it favour them that is why the choice differs. One thing is sure is that know one can point out using 100% assurance of any odd choosing, as much is speculation or prediction.