How much are you willing to gamble

[Oluwa-btc]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps.

This is just too much of a bet, I wonder why people keep doing more than themselves and when you don't meet up using that same huge sum, what then would you do? Knowing all of this criteria of what and when not to gamble you can put deaf ears and still go on with your decisions, I bet you the beginning it's usually sweet but the end will definitely justify everything. Even if you have the whole money in the entire universe you should really have a budget and know how to spend your money especially on gambling.

[iv4n]

Moreover, the article also claims that Polymarket garnered approximately $3.7 billion in wagers for the U.S elections. That's an insane amount of money. With that being said, it's fair to say that it's true, a French official did bet $30 million on Donald Trump's victory.

This is an outstanding amount of money on a single bet, no matter how confident I was about Trump's victory, I wouldn't go ahead and bet more than $150 to $200 on a single bet, and even that sounds a lot, even though I can afford losing it.

Polymarket is one crazy place... people can bet on literally anything. Looking at the markets & volumes I believe they had $3.7B wagered for the US elections, many people around the world followed this event and I'm sure many placed bets. $30 million is the biggest bet I have heard of, but there were other million dollar bets...

The question is how much money this man has, maybe $30 million is only part of his money, the part that he can risk and lose... in any case, an incredibly high bet, it takes courage to do something like this.

[khiholangkang]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps.

This is just too much of a bet, I wonder why people keep doing more than themselves and when you don't meet up using that same huge sum, what then would you do? Knowing all of this criteria of what and when not to gamble you can put deaf ears and still go on with your decisions, I bet you the beginning it's usually sweet but the end will definitely justify everything. Even if you have the whole money in the entire universe you should really have a budget and know how to spend your money especially on gambling.

Some people prefer challenges and crazy things in life so they dare to risk anything for something that triggers their adrenaline, like the Redbulls actors who make attractions on the cliff with their vehicles or do extreme actions to achieve satisfaction in their lives by risking their lives, all sides of humans have that, but only those who have access and enough money to do it, just like this story in my opinion, even though logically it is stupid to risk that much money, but they do it for other things that make them feel satisfied in their lives.

[lovesmayfamilis]

Perhaps we should have guessed that those millions bet on Trump's victory were most likely not the last money this man had.  After all, who gave us the right to judge or teach people what to do with their money? Speaking about myself, I will play with the money I will not mind losing on the day of the game. And there will always be that person for whom the amount I spent may seem large. Therefore, if these are adults, there is no need to teach anyone what to do and how to act.

[Adbitco]

Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

Before anyone could risk such amount to gamble it is assumed that he (they) has it in hundred folds or let me say that is their risk level to have used such money to gamble, because anyone who doesn't have above that amount can't go gamble with such huge money to bet against Kamala Harris for Trump to win the election. What if he loses such amount would he say he uses their project money to gamble or it was mistake and needed refunds?

[GreatArkansas]

(....)
But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

This is difficult for me, what I see is if there's nothing wrong then that person must not be punished, let's say no rules, laws, or terms and conditions were broken then it's fine. Even let's say they will start to focus on people not allowing such things, I believe it's difficult because some for sure can easily bypass those.

Another thing, that person for sure is not dumb to risk 30m USD if at the end he will be in tough situation.

[$crypto$]

Polymarket is one crazy place... people can bet on literally anything. Looking at the markets & volumes I believe they had $3.7B wagered for the US elections, many people around the world followed this event and I'm sure many placed bets. $30 million is the biggest bet I have heard of, but there were other million dollar bets...

The question is how much money this man has, maybe $30 million is only part of his money, the part that he can risk and lose... in any case, an incredibly high bet, it takes courage to do something like this.

He may be a conglomerate, betting $30 million is probably 20% of his wealth, who would dare to bet such an amount except true bettors, right? But maybe he is ready to lose with such a large amount.

The US election is the most heavily bet, so it would not be surprising if there are billions of dollars of money flowing in this bet, Polymarket provides any bets after I saw it, and has anyone ever bet on Polymarket?

[crwth]

When I read this, I felt it was a collective amount of money for betting purposes. I believe they are just supporting who they think they would win, and they probably have a large amount of extra funds collectively everywhere.

If I had that kind of money, I might also bet that much on something without assurance or risk. If I were to gamble, I might just bet lower amounts.

Overall, it depends on the person's appetite for risk.

[Stepstowealth]

No matter how rich I get, I do not think I would be risking throwing away $30 million.

I have claimed that I would not be able to do some things not until I got into the position and discovered that those things that I said I would never do are things that I'm finally doing. You can claim that you would never throw away $13 million in gambling no matter how rich you get because you are not yet rich. By the time you are so **** rich, you may not be able to stop yourself, and that is simply because you can afford to take such risks. If you are broke and disciplined, you may not be able to stay rich and disciplined at the same time. Money changes people, and changes choices.

[Koadharber]

When I read this, I felt it was a collective amount of money for betting purposes. I believe they are just supporting who they think they would win, and they probably have a large amount of extra funds collectively everywhere.

If I had that kind of money, I might also bet that much on something without assurance or risk. If I were to gamble, I might just bet lower amounts.

Overall, it depends on the person's appetite for risk.

This is what im thinking too on which this might really be that a collective bets and just pooled out on a single account. If this one is really that surely being owned by a single person or legitely having that kind of amount
then he do have that balls of steel on trying out to make use of that amount as if he dont really be able to think up about the risks involved if ever Trump didnt able to win up. For sure it will really be that having that huge
damage towards his overall finances yet we are talking about $30+M on here on which this isnt something an amount that you could be able to help on your entire life no matter how you do work. 
Gamble on the amount on which you can only afford to lose and never ever make yourself having that kind of approach on going all in but we dont know if this dude make out some all in bet.

[jcojci]

Maybe that person use his saving funds to bet on Trump and he is lucky to win that huge money. But that ring the alarm from the government and they are checking the casino to see if they follow the laws or not. It is normal when the government suspicious with the current situation and trying to investigate it to make sure that everything is under control. Controlling the gambling habit will be on personal matters and there is no related to the government but the government can educate and warn their citizens not to playing gambling too often. We playing gambling because we wants it but we don't have to playing gambling too often to avoids the problem that can occurs.

[Oilacris]

Maybe that person use his saving funds to bet on Trump and he is lucky to win that huge money. But that ring the alarm from the government and they are checking the casino to see if they follow the laws or not. It is normal when the government suspicious with the current situation and trying to investigate it to make sure that everything is under control. Controlling the gambling habit will be on personal matters and there is no related to the government but the government can educate and warn their citizens not to playing gambling too often. We playing gambling because we wants it but we don't have to playing gambling too often to avoids the problem that can occurs.

Totally a very risky kind of bet, lets say that you are rich but doesnt mean that you wont be that able to hurt once you do lost up this bet. It just that turned out that he's confident that Trump would win
because if we do really tend to look around then you could be able to tell that he do have that bigger chance of winning basing up on the polls and other correlated things in regarding the election.
Once you do have that kind of confidence then you will be making up such huge bet, it is really just that not just that as this big. 

People will really be that get amazed on how this individual did make out such huge bet on millions of usd. You could be able to tell the confidence that they do have on their bets
but making up some all in bet will really be  that risky considering results or outcome isnt that 100% sure win rate.

[swogerino]

I have seen various topics discussed in here about their bankrolls or budget and whatnot when gambling. Well a French national just wagered $30 million to a bet about the US election. Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

First we have to see how rich this French individual was, as if he was filthy rich as they say he would not give a damn about 30 million dollars, these guys have problems, since they have achieved a lot and they have difficulties to find their next objective or target they try to entertain themselves through these type of bets. I am sure a normal person who is rich and his final fortune is 50 million dollars would never bet 30 million dollars as does not make any sense so we have to see the underlying details and fundamentals of the person who made that bet. What authorities do is quite secondary in this case and we don't care much since most betting platforms shows you the maximum amount allowed to bet or the maximum amount to be won.

[EluguHcman]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

The French bettor could actually have betted such amount affordable to loose by him. We probably don't know his net worth. May I tell you OP that there are some others who are unimaginable to bet $100 in a stake which you could probably bet X5? 😁

That is by the way, even if the bettor was a Trumps supporter I don't think there would had been a law holding him. Besides... The election never lead to chaos where the government would assume the bettor has been a sponsored of the mayhems outcomes of the election.

Also as well, the government would not have the casino punished rather they would only regulate the casinos on maximum amount of bet one can bet on a stake to help their citizens from irresponsible gambling.

[Ultegra134]

Polymarket is one crazy place... people can bet on literally anything. Looking at the markets & volumes I believe they had $3.7B wagered for the US elections, many people around the world followed this event and I'm sure many placed bets. $30 million is the biggest bet I have heard of, but there were other million dollar bets...

The question is how much money this man has, maybe $30 million is only part of his money, the part that he can risk and lose... in any case, an incredibly high bet, it takes courage to do something like this.

I read that too, that's a insane amount of money, but he was either too confident on Trumps win, or had "insider's information", if that's even a possible scenario. I wouldn't be surprised if he's put under investigation now, what kind of French official was he to have such amounts of money available for betting on the U.S elections?

I was also considering to bet on the U.S elections, placing a bet on Trump in whom I was confident he was going to win, but kind of forgot about it and then didn't bother risking it. I do feel a little bad for not knowing the giant Polymarket is, had never heard of it before this thread. It's supposedly the world's largest prediction website, some of which are quite disturbing. I'm now seeing a bet on whether Israel is going to strike Iran's nuclear facility in 2024.

[Taskford]

I have seen various topics discussed in here about their bankrolls or budget and whatnot when gambling. Well a French national just wagered $30 million to a bet about the US election. Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

Regarding on that French national been investigated I guess its fine that government do that its because we can see that they are working to know the validity or legality of the site for doing such activities. Also $30 million is really a huge amount thrown out for betting.

I guess depends on people since there are super rich people could actually do that. To lucky for that bettor for putting that bet on Donald Trump since he gain huge victory for placing big bets for that candidate. I guess its crazy to think that they would punish the platform if they legitimately operating since they are just accepting bets of people, but if not and they run their betting platform illegally then for sure that they would start to have a problem with that matter since provably that government would really punish them.

[Kelward]

I have stopped worrying myself about people's spending habits, if they can afford it, why not. The amount is mind blowing for hundreds of million people in this world but it's not for everybody. If 30 million dollars is an amount that the guy can afford to loose, then it's worth the risk for him, but if it's not, then it's pure insanity to bet with such an amount. People take crazy spontaneous decisions when it comes to gambling, I've heard and seen many times where gamblers will stake their personal belongings to gamble, that is wrong. For me it must be the amount that I can afford to loose.

[Wexnident]

~

Right now? Around 5% ish of my monthly income. Wouldn't reveal it but definitely doesn't go past $3k. Now if I was any richer? Say at least be a millionaire? I can probably stomach betting a mil at most. But that's me with my culture of growing up in a middle-income household. I reckon if I was a child of a rich family, I probably wouldn't even bat an eye spending a mil on gambling lol. Pretty sure it just depends on what culture/family you grew up in.

And no, I don't think they need to control them? These people are adults. ADULTS. They can manage themselves. They're not kids and the government does not need to hold their hand all the way in their every decision.

[mirakal]

Well, for me, that is a ridiculous amount to spend, but yes, it’s not about your limit; it’s about how confident you are that you’ll win. Anyone can place a larger bet than usual if they feel sure about it. And that person must have had great confidence—not only in themselves but also in Trump—to make that bet without hesitation. Besides, this isn’t about luck like in typical games where we’re entirely dependent on it. In this situation, many believe Trump actually has a higher chance of winning. 

As for manipulation? It might cross our minds, but authorities have stated there’s no basis for such claims, which I think is good enough to forget the situation and move on.

[Strongkored]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

If you see the potential for winning, you might change your mind because the winnings you get will be equal to the money you used to bet, regardless of the large amount, he was lucky to win and of course he realized that the amount he used to bet was an amount he could afford to lose.
What the French authorities are doing is also to protect bookmakers from going bankrupt due to not being able to pay their players' winnings, but these are very large amounts.