How much are you willing to gamble

[madnessteat]

If someone wasn’t that addicted to gambling, why would it use $30 million to gamble? Even if someone is rich, if $30 million is deducted from their account, they will definitely notices hug amount of money.

I don't think the bet was placed because of addiction because most of us already knew that this times odds will favor Trump as he was a huge supporter of crypto community and whole crypto community supported him in return.

The one who placed that huge bet also know that fact and that's the reason behind that bet. It shows that how some people trusted that Donald Trump is going to win the election. The ones who placed their bets in favor of Kamala might be regretting now.

It is impossible to say with 100% certainty that this person knew the results of the election and that is why he made such a large bet. Just like saying he has a gambling addiction problem. We don't know anything about him, so we can only speculate. We might as well assume that his bet is 1-5% of his monthly income. After all, most responsible gamblers don't allow themselves to use more money to bet.

[Ojima-ojo]

It is impossible to say with 100% certainty that this person knew the results of the election and that is why he made such a large bet. Just like saying he has a gambling addiction problem. We don't know anything about him, so we can only speculate. We might as well assume that his bet is 1-5% of his monthly income. After all, most responsible gamblers don't allow themselves to use more money to bet.

The election have come and gone and the results have become a subject of discussion in most gambling community such as bitcointalk and redits, this have been so much intense and with the fact that one of the candidate who happened to to have been the winner of the US election have a strong aliens and support for bitcoin a d cryptocurrency and this made him the favorites of many gambling enthusiasts, this have been the outcome and nature of human, everyone despite fighting for freedom and privacy, we all still have that interest in between when it comes to political events.


So it normal for most of them to build that confidence in the winning tendency of their favorites candidate all because of the interest it will have on the cryptocurrency community, so they can easily stake any amount for him to win the election.

[batang_bitcoin]

That is true but I think that the majority of us here won't spend that much in gambling. Most specially if you came not from money. People can spend as much as they can easily if they've got a lot of it. But if it's the entire thing that you have and savings, you'll definitely protect it so that you won't go broke just because of gambling. We're on the times that we need to be the wisest man if it's about the finances that we have and when we're growing older, you'll have to find a way to make sure that money won't be gone too quickly. And you're right, there are the others that can spend that without any doubt even if it's the whole thing that they have.

The simple calculation is like this, everyone has a different income every month, some can earn a lot and some earn an average figure, depending on which country they live in.
For example, each individual will spend 5% of their income on gambling, it is impossible for someone who earns 3000 to spend the same amount as someone who earns 2000, if we take an average of 5% for gambling.

You'll never know who. There have been nightmare stories that they've spent more than what they can afford to lose and after working for half month and one month, they easily spent their salaries into gambling and went home with nothing.

However, the number will also look the same because they both spend 5% on gambling. Well, that's if we average it out, but usually we also gamble with an uncertain amount, right? it could be less or more than that, depending on each individual.

Yes, we gamble with uncertain amounts. Whatever is the amount we pull from our wallets, we don't mind for as long as that money is acceptable to lose. We have already accepted that fate even before gambling it.

[Crypto Library]

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.

Here I will divide my opinion into two parts, one is that maybe we can't go to such a situation or maybe we are not in that such situation so we don't even think about taking the risk of 30 million dollars.
But it is actually true that there are many people in the world who can afford such budget bets. And at the same time when there is a glimpse from the beginning that betting here can be winning. And at the same time when there is a glimpse from the beginning that betting here can be winning. And I think these are one of the reasons behind such large amount of betting

And the another reason will be only if that person whose are taking really these risk those are irresponsibly.

[Dewi Aries]

I don't think the bet was placed because of addiction because most of us already knew that this times odds will favor Trump as he was a huge supporter of crypto community and whole crypto community supported him in return.

The one who placed that huge bet also know that fact and that's the reason behind that bet. It shows that how some people trusted that Donald Trump is going to win the election. The ones who placed their bets in favor of Kamala might be regretting now.

It is impossible to say with 100% certainty that this person knew the results of the election and that is why he made such a large bet. Just like saying he has a gambling addiction problem. We don't know anything about him, so we can only speculate. We might as well assume that his bet is 1-5% of his monthly income. After all, most responsible gamblers don't allow themselves to use more money to bet.

From most of the speculations that people have put forward I think what might be reasonable to say is yes most likely the person is one of the very rich people where the amount of $ 30 million bet is an amount that does not mean much to him so maybe that's why he dares to make such a crazy decision. On the other hand I don't think I can be sure about whether he is a responsible gambler or not, as you said that usually responsible gamblers always bet with a minimum amount, but there is a possibility that he is a responsible gambler if it turns out that the amount is an amount that does not matter to him if it is lost in the end, so we will only be able to know about the responsibility from the financial situation in the person's life.

[LUCKMCFLY]

My approach is to risk only 3-5% of my total capital on gambling, which helps keep it controlled and manageable.

It is very responsible to make that kind of bets by betting or risking only that percentage, now, things can look very different when put into context, I personally think that when there are better ways of doing things, better results can be generated in the long term in sports betting or of any other kind, what you say regarding Trump's elections if you start to see everything was betting that Kamala was going to win, and it was all mere manipulation, Trump's opponents believed that through misleading marketing he was going to do things better or that they could influence people to vote for Kamala, so sometimes we must be guided by reality, by our own knowledge.

[Dr.Bitcoin_Strange]

Yeah, I do think same but some one said that it's never possible that anyone could get insider information regarding who was going to win that election. Nothing is so impossible, but if the man never got any insider information before placing the bet then we  can only say that he is pretty too rich and also a risk taker.

I don't want to believe sometimes that most of this games are planned games it might not be often but it does not mean that it does not happen, their are some things that have happened thay you would not have imagined that it will happen the exact way it was planned and have seen in different movies were this things happen and their is no way that it would not have happened in real life that is exactly the challenge to does that bet because if the game is fixed then their is no way you will be able to win and this is all business.

And I wish some information will leak to us so that we are going to know the amount of money we are going to take because when you get some sure odds you will want to stake high, the confidence you have in that game is what will push you and determine the amount of money you want to bet, even without any info your friends will tell you about how they have sure games for you to also bet on but sometimes you get lucky and sometimes or most times you don't at all.

Yeah, it's possible that some games could secretly be rigged to favour the casino or some certain players but in the case of the election, Trump merited his victory because he had more voters and it's just a thing of happiness for those that bet on his victory and deeply believed that he was going to win.

[summonerrk]

My approach is to risk only 3-5% of my total capital on gambling, which helps keep it controlled and manageable.

It is very responsible to make that kind of bets by betting or risking only that percentage, now, things can look very different when put into context, I personally think that when there are better ways of doing things, better results can be generated in the long term in sports betting or of any other kind, what you say regarding Trump's elections if you start to see everything was betting that Kamala was going to win, and it was all mere manipulation, Trump's opponents believed that through misleading marketing he was going to do things better or that they could influence people to vote for Kamala, so sometimes we must be guided by reality, by our own knowledge.

I think that these are quite reasonable percentages for gambling. Because 10 is definitely too much to lose. But 2 percent is too little, with such a deposit no gambler will be happy with their winning multipliers, because it is really little. Therefore, the value of 3-5 percent is good. As for Trump - among my friends, initially no one believed in Kamala, she was always objectively weak and clearly did not deserve the presidential chair. Especially after the scandal with the prompter and not knowing what to say at all.

[Jody.Drummer]

Does that mean those who make bets with a large number of bets are irresponsible people? The risk of loss in gambling is like a clear time will happen, for people who gamble irresponsible, maybe they will do gambling blindly without thinking about the risks that will occur even though they use large bets, but not all people who bet by number Large is an irresponsible gambler, because maybe the large amount they bet is a small amount for him.
The point is to make bets in any amount we must be able to use the money we can afford or willing to disappear, do not let us do gambling by eradicating money that we are not willing to eliminate is not the right action. No matter how big the number of bets we must be willing if the amount can be lost, only don't forget to consider it first.

[LUCKMCFLY]

I would not bet for that amount. however, the amount of the bet would not be small for some of the majority of gamblers. I don't know where the person's confidence came from to bet in large amounts.

Well, really, things always happen like this in the world. I have witnessed things like this and there are many people in the world who have too much money and that is something that really happens, so for some it does not matter to bet a lot and lose, I also think that when it comes to millionaire-only games these things happen, many of us are surprised because the truth is that many of us are used to betting with little money, for me betting with 20usd I consider it too much, and there are people who bet with 100, 200, 500usd and win, and for me those are amounts that I would not bet in a game or sports betting.

[tusandii]

It seems that many are taking advantage of the momentum of this election to gain an advantage, those who already know that Trump has a greater chance of winning do not hesitate to bet everything they have so that they can be replaced many times over if they win, this is indeed very risky, only people who dare to speculate are sure to win their bets. I also can't understand people who bet on large amounts, are they not afraid that their money will be frozen on the platform because currently there are many cases where someone wins a large bet but their money cannot be withdrawn.

[Ricardo11]

I would not bet for that amount. however, the amount of the bet would not be small for some of the majority of gamblers. I don't know where the person's confidence came from to bet in large amounts.

Well, really, things always happen like this in the world. I have witnessed things like this and there are many people in the world who have too much money and that is something that really happens, so for some it does not matter to bet a lot and lose, I also think that when it comes to millionaire-only games these things happen, many of us are surprised because the truth is that many of us are used to betting with little money, for me betting with 20usd I consider it too much, and there are people who bet with 100, 200, 500usd and win, and for me those are amounts that I would not bet in a game or sports betting.

Yes, it is very important for all of us to be financially responsible while gambling.
There are many people in the world who own millions of billions of dollars, $2000-$3000-$5000 is nothing to them, they consider it a small amount of money, they don't hesitate to bet $5000 on a single game, and their have the attitude, it is better to win, even if you lose, there is no problem. Because they have not any lack money.
But for us it is a lot of money, so we always have to be in control. It is okay to enjoy gambling with a limited amount of money, but never be out of control.
Now suppose I have $1500, if I gamble uncontrollably, it won't be long before this money is completely gone, and when this money is gone I will be empty, because I am not a millionaire. And gambling with $10-$15 is too much money for me.
So we should never do anything that can harm our financial stability or quality of life.

[Koadharber]

I would not bet for that amount. however, the amount of the bet would not be small for some of the majority of gamblers. I don't know where the person's confidence came from to bet in large amounts.

Well, really, things always happen like this in the world. I have witnessed things like this and there are many people in the world who have too much money and that is something that really happens, so for some it does not matter to bet a lot and lose, I also think that when it comes to millionaire-only games these things happen, many of us are surprised because the truth is that many of us are used to betting with little money, for me betting with 20usd I consider it too much, and there are people who bet with 100, 200, 500usd and win, and for me those are amounts that I would not bet in a game or sports betting.

Yes, it is very important for all of us to be financially responsible while gambling.
There are many people in the world who own millions of billions of dollars, $2000-$3000-$5000 is nothing to them, they consider it a small amount of money, they don't hesitate to bet $5000 on a single game, and their have the attitude, it is better to win, even if you lose, there is no problem. Because they have not any lack money.
But for us it is a lot of money, so we always have to be in control. It is okay to enjoy gambling with a limited amount of money, but never be out of control.
Now suppose I have $1500, if I gamble uncontrollably, it won't be long before this money is completely gone, and when this money is gone I will be empty, because I am not a millionaire. And gambling with $10-$15 is too much money for me.
So we should never do anything that can harm our financial stability or quality of life.

Should really be that totally responsible if you dont really like to mess up your life with gambling. People do usually mess up their lives because they do become that delusional that it is really that easy to win up
against gambling and on the moment that situation hits on which they did incur more loses than wins then they will really be that become impulsive and on the time that it do happens then this is where
they will really be having those realizations into the things that they have done.

We arent that perfect beings and it will really be that common that there would really be those things that we have thought that it was possible but on the moment that we do experience it for ourselves
then we do able to learn and realize that it will really be that not possible. This is why it will really be that re commended that you should be sensible on the actions that you are
taking and not really just that rushing up on dealing into something which is really that risky or could potentially make you addicted.

[Pandu Geddon]

I would not bet for that amount. however, the amount of the bet would not be small for some of the majority of gamblers. I don't know where the person's confidence came from to bet in large amounts.

Well, really, things always happen like this in the world. I have witnessed things like this and there are many people in the world who have too much money and that is something that really happens, so for some it does not matter to bet a lot and lose, I also think that when it comes to millionaire-only games these things happen, many of us are surprised because the truth is that many of us are used to betting with little money, for me betting with 20usd I consider it too much, and there are people who bet with 100, 200, 500usd and win, and for me those are amounts that I would not bet in a game or sports betting.

Yes, I know every gambler has a limit on what they can afford to gamble. And like you and me or maybe more gamblers with small bets, staying consistent with that ability and not going over the limit is a good thing.
People who bet big can win big, but they are also ready to lose big. We must set the level of risk that we can handle, don't push yourself too hard.

[Julien_Olynpic]

What is the optimal amount that needs to be or can be put on the line? It depends on a wide variety of factors and there is no consensus here. We know the story of a successful gambler, Bob Vulgaris, who got rich on very large bets that he could not actually afford. We also know the history of other successful players who made more predictable profits by making small bets with a preponderance in the odds. This small advantage in odds required extremely careful handling of the size of the bets, because an unfavorable variance can take away all your profits. As for large bets, they can be used quite well, but a lot of preliminary analytical work is needed in order to choose the most likely outcome and minimize your chances of losing.

[Popkon6]

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 Frenchman is either addicted to gambling or has experience in gambling, which is why he has the courage to bet 30 million. Because a new gambler will never bet 30 million, he will bet small amounts, so we have to be experienced from the beginning. Or when a man faces repeated losses he takes the risk of making huge bets and eventually throwing away his money to recover earlier money.
But basically, those who are experienced gamblers can definitely win in the gambling game, he bet, because there are some rules of gambling, bet as much money as you can afford to lose. I think this person must be brave and experienced which is why he didn't hesitate to bet 30 million money, definitely thinking he can win.

[Cryptmuster]

From most of the speculations that people have put forward I think what might be reasonable to say is yes most likely the person is one of the very rich people where the amount of $ 30 million bet is an amount that does not mean much to him so maybe that's why he dares to make such a crazy decision. On the other hand I don't think I can be sure about whether he is a responsible gambler or not, as you said that usually responsible gamblers always bet with a minimum amount, but there is a possibility that he is a responsible gambler if it turns out that the amount is an amount that does not matter to him if it is lost in the end, so we will only be able to know about the responsibility from the financial situation in the person's life.

I think that no one doubts that he is very rich, but to make such a bet independently without any justification would be stupid, rich people love their money and they will definitely not throw millions on bets just like that. Perhaps he had some information from people close to Trump's team that he was leading, and on the one hand it was already noticeable, but on the other hand I think that even Trump was not completely sure of his victory until the results were announced, so it will not be easy to accuse this person of anything.

[kotajikikox]

I think that no one doubts that he is very rich, but to make such a bet independently without any justification would be stupid, rich people love their money and they will definitely not throw millions on bets just like that. Perhaps he had some information from people close to Trump's team that he was leading,

I don’t know, we might be underestimating what kind of decisions the rich people can do. They are so rich that they lose all sense of risks sometimes. It’s impossible to know anyway whether he did have some insider information but the government might be looking at that right now. Personally, I just think it’s a very risky decision from him.

and on the one hand it was already noticeable, but on the other hand I think that even Trump was not completely sure of his victory until the results were announced, so it will not be easy to accuse this person of anything.

No one knew of anything. We were all basing it on past polls and maybe votes from previous elections.

[danherbias07]

It seems that many are taking advantage of the momentum of this election to gain an advantage, those who already know that Trump has a greater chance of winning do not hesitate to bet everything they have so that they can be replaced many times over if they win, this is indeed very risky, only people who dare to speculate are sure to win their bets. I also can't understand people who bet on large amounts, are they not afraid that their money will be frozen on the platform because currently there are many cases where someone wins a large bet but their money cannot be withdrawn.

The election is over. Donald Trump won.

I think what you mean is many people took advantage of that betting line. Well, politics had been one of the most discussed especially if it's the presidential election of a superpowered country so I guess we will see more of that to happen in the next election to come.
About the frozen accounts with big wins, I think before we even make the deposit we should make sure that the gambling platform that we will use is trustworthy. We cannot just go depositing large amounts just because a hyped betting line is open and go to a third-rate gambling site without even checking its reputation.
Making sure that we can withdraw after we win such large money is our job. Be it asking those who have gambled there for a long time or experiences from other people.

[sompitonov]

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 Frenchman is either addicted to gambling or has experience in gambling, which is why he has the courage to bet 30 million. Because a new gambler will never bet 30 million, he will bet small amounts, so we have to be experienced from the beginning. Or when a man faces repeated losses he takes the risk of making huge bets and eventually throwing away his money to recover earlier money.
But basically, those who are experienced gamblers can definitely win in the gambling game, he bet, because there are some rules of gambling, bet as much money as you can afford to lose. I think this person must be brave and experienced which is why he didn't hesitate to bet 30 million money, definitely thinking he can win.

No one can say why he did it, maybe he is a professional player, or maybe he inherited something that he sold and decided to bet all the money, without going into much detail. In any case, we have never seen such a high interest in predictions related to the presidential race. Although I did not bet on it, I watched the movement of the probabilities of each candidate almost every day. I think in the next elections the volume of bets can show a 5-fold increase, unless of course they are banned in many countries.