High roller gamblers going for low odds, would you do it?

[Saint-loup]

Obvious question, would do the same?

no due to one reason only and it’s I do not have $100,000 to bet.  

That alone is enough reason for me to never consider doing this. the fact that if i lose this $100,000, my life will turn upside down is enough for me to stay away from betting such crazy amounts and the pay out is not even worth all that in my opinion.

maybe it’s more of an ego thing. you have a $100,000 to waste and if you win you it’s an ego boost but if you lose it’s also nothing it doesn’t affect your life and that is only if you are rich

$100 000? May I ask you where you have seen such value on the betslips posted? There is a dollar currency symbol somewhere or the USD initials?
I only see the indian rupees currency symbols on the picture, personally. So if it's 100 000 indian rupees actually, it's worth around $1150 currently. I don't know if you can afford to lose such amount, but it's not very uncommon to see $1000 bets on very low odds. Because the risk to lose is way lower than a 3 or 4.00 odds bet.

[Findingnemo]

I won't because the rewards doesn't cover the risks, it's better to take the bets with 50/50 chance that probably has way better odds results in to better rewards if we win that's what worth the money. As mentioned it all takes just one loss to eat up the rewards we made from the 50 or 100 previous bets so mathematically it doesn't sounds right either so people who do it stacked up with lots of money and trying to get rid off it.

[Doan9269]

So, I was browsing stake around for matches and I caught a glimpse of a few bets that came one after the other in the high rollers tab, all 6 digits, so my curiosity got the better of me before I even realized the odds :




Obvious question, would do the same?
Have you seen other high roller bets that you think are beyond risky or put on crazy matches?

I think this kind of decision will have much to do with the type of gambler in which we belong, if we see ourself as the same kind that like taking risk up to this level, we may go for it, but someone like me will always prefer taking bets on the games am so familiar with and ensure that the odds are not what i consider over the match in consideration, if i know better of the game, the odd wouldn't be a problem because that alone is an increasing chance for me.

[JiiBs]

Not with that amount but, I’ve been guilty of such high stake on low odds before hand. Not something i would say I enjoyed doing or would like to continue. I wouldn’t want to go for way too much risky bets either. I prefer to stick to something within that range when I’m betting huge but, the minimum odd should be able to give me at least 20-40% of my stake and I’m talking about odds in the range of 1.20 - 1.40. The example in OP is just me getting my money back after risking a fortune and we all know it could go sideways still.

[Hispo]

Not with that amount but, I’ve been guilty of such high stake on low odds before hand. Not something i would say I enjoyed doing or would like to continue. I wouldn’t want to go for way too much risky bets either. I prefer to stick to something within that range when I’m betting huge but, the minimum odd should be able to give me at least 20-40% of my stake and I’m talking about odds in the range of 1.20 - 1.40. The example in OP is just me getting my money back after risking a fortune and we all know it could go sideways still.

Equilibrium is key when comes to betting, I think; one is supposed to find a point in which one feels comfortable enough with the odds and at the same time, adjust the amount of our wager.
Though, I have always found it is easier to adjust ones risk in casino games rather than on sportbetting. Dices are more consistent and provably fair in their odds when they are compared to sportbetting, where there are chances of losing big time, in spite of having such low odds as 1.01.

Interestingly enough, the few gambler streamers I have checked out lately tend to go for a risk of 50% and odds as high as 1,5 on their casino game sessions. I have not seen streamers betting in sports yet, though.

[Woodie]

The fact that I have seen people lose money even on ridiculous odds such as 1.00 odds tells me risk is everywhere...but the beauty about going for these with a huge amount means you winning rate is high...so out of 100 bets chances are that you might miss out on 2 games and depending on your risk management style you could either be profitable or end up chasing your losses.

Otherwise being a high roller wouldn't mind applying this strategy to my game.

[Odusko]

So, I was browsing stake around for matches and I caught a glimpse of a few bets that came one after the other in the high rollers tab, all 6 digits, so my curiosity got the better of me before I even realized the odds :




Obvious question, would do the same?
Have you seen other high roller bets that you think are beyond risky or put on crazy matches?

I can't tell from the picture what kind of currency this is? However, I believe you that this is a large sum. Losing a bet on odds of 1.01 is of course crazy, I'm sure this bet was made to earn a wager but turned into such a huge loss.
I have made such bets in dice, they make no sense anywhere else. In dice such bets are interesting because you can make hundreds of bets in a short time and quite quickly face a loss against the odds of 1.01. In betting, bets with such odds are even worse than bets with odds of 1.3-1.5, since you don’t actually feel the win but risk losing everything.

This is not the first time we are discussing a topic like this here in the forum with a gambler making a huge amount of bet on an odds that is just a bit above 1.0, to satisfy wager requirements as TChampions said but also know that some real gamblers believe so much on odds so if they see a low odds game they believe such a team will win the match and at that stake, a huge amount of money on a bet so that they earned profits can be large enough, those are the high rollers that stompix mentioned in the thread, most times, they get disappointed because low odds alone is not enough to say a team will win.

[famososMuertos]

The real question is, why are they there? well... only lose 1% of the time, the answer is, you want to be the 1%...

I don't know why that question is always recurring, it's simple, if you bet $1 at 1.01 it's because you don't care about the result beyond crying, that is, they have nothing special, it's just another bet if you manage your betting range-bankroll, so if someone bets $1,k,k it's because in the equivalence for them that million represents $1.

[Weawant]

So, I was browsing stake around for matches and I caught a glimpse of a few bets that came one after the other in the high rollers tab, all 6 digits, so my curiosity got the better of me before I even realized the odds :


Obvious question, would do the same?
Have you seen other high roller bets that you think are beyond risky or put on crazy matches?

This is why when gambling as much as possible try to keep your emotions by the side and try to get the best part of the game as that is actually what will help you maintain some level of discipline enough to remember some mantra around gambling such as, "there never a 100% sure game" "risk what you can afford to loose at all times" and "never assume your skill will give you  a win" threshold never a free odd as anything can happen at any time always.

[Cantsay]

Any odd lower than 1.25 is a no go area for me; no matter how much I have I don’t think I’ll ever select a game even if I’m running a parlay and include it in my ticket because that literally adding nothing to my game (1.01 odds).

And funny enough, as small as this odd it can still make you lose your money — so instead of me risky my money for such a small reward why don’t I just go full out on a game I know will give me something good if it turns out to be good.

Btw, I don’t think I’ve seen any other high roller make this type of bet although I have read in several post where people claimed that they have seen but I haven’t seen one yet (aside the one you shared).

[cryptomaniac_xxx]

Obvious question, would do the same?
Have you seen other high roller bets that you think are beyond risky or put on crazy matches?

If I'm a high roller yeah, I would do that same bet, obviously there are big risk, but that's why you are a big roller, you have a lot of money to burn and most likely you are just playing for the hell out of it.

Of course I would agree that there is no sure or guaranteed winnings, but as they say, YOLO.

But then I remember this one thread, Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!

[Russlenat]

I wouldn’t even dare try it, because if I’m a high roller, it means I’m not afraid of 50-50 odds. Betting on 1.10 odds means you’d need to win 10 times just to double your money, and are we really sure we won’t lose even once in 10 games?

I don’t know what kind of strategy a high roller using this approach is relying on, but as gamblers, we all have our own preferences for managing money. It’s just not my style as I’m more of a high-odds lover.

[Darker45]

6-digit bets but in Indian Rupee. Still a huge amount to bet, a little more than $1,100. But with odds as low as 1.01 and 1.12, any bettor would have to bet a bigger amount to make a significant win. Otherwise, it's not worth it.

I haven't tried placing 4-digit bets-- some of my BTC or ETH bets in the past might be more than $1,000 but only if valued in today's prices-- but I share the same strategy of raising my bet whenever the odds are too low. That's the only way to make money out of sure-win odds.

[Dr.Bitcoin_Strange]

You know that everyone (sports bettors) have their individual patterns of gambling.
Normally, it's only a few times that you can see me bet on a single low odd game, what I mostly do is to look through the table and select just low odds and I can compile the prediction up to 20 games which if all the games were just 1.1, 1.01, 1.2, respectively, the total odds could be 22+ and I will bet on the prediction.
Since I started gambling, I have not staked with so much huge amount on low odd, unless it's a parlay. The reason because, despite that the game has a high possibility to go as predicted, I don't have that complete faith that it will be successful, things can go wrong and the game will fail me and my staked amount will waste.

[Ziskinberg]

I don’t know what kind of strategy a high roller using this approach is relying on, but as gamblers, we all have our own preferences for managing money. It’s just not my style as I’m more of a high-odds lover.

It was probably based on the odds. You know, when the odds are low, it usually means the chances of winning are high. But if he had a strong strategy, he’d analyze the game and aim for at least 1.90 odds. Betting on 1.01 odds feels more like gambling driven by greed.

Even for an experiment, betting small amounts on 1.01 odds is unlikely to be profitable in the long run.

its' just that the risk-to-reward ratio is so skewed that even a single loss could wipe out the gains from multiple wins. It’s just not a sustainable approach.

[stompix]

$100 000? May I ask you where you have seen such value on the betslips posted? There is a dollar currency symbol somewhere or the USD initials?
I only see the indian rupees currency symbols on the picture, personally.

Hm,, it seems like I've might made a mistake then, I was cheering for this guy and his bet, an all on over goals parlay:


and everything around was only 5-6 numbers in tether and Bitcoin, I didn't even think for a moment they would not convert the value of other currencies to USD also.

Anyhow, the math still stands, if he places 100 bets a day like that on 1% it will lead to the same outcome as placing one, and I don't see it as a winning strategy chasing the 0.01 as it has been shown with his tickets.

[Solosanz]

Nope, I don't like to risk everything just to earn small money.

Let's go back to the phrase "gamble what you can afford to lose", I can't afford to lose everything that I have. I'm sure if you use this strategy, you will be greedy because you will add the profit into your bankroll, so you will increase the amount you bet.

Unfortunately, bad day can't be predicted, sooner or later you will lose everything you made.

[D ltr]

No, I won't do it, because I don't really understand each match that is being bet on, it takes a process to get into that vortex and what's really unfortunate is that I only gamble with the right amount of money, I can't afford more, I'm poor

[Akbarkoe]

No, I won't do it, because I don't really understand each match that is being bet on, it takes a process to get into that vortex and what's really unfortunate is that I only gamble with the right amount of money, I can't afford more, I'm poor

Poor is not the reason we cannot play crazy, it's just that we know the betting limits that we have been able to before, playing as much as possible with the money that has been overdured for the bet we will do is far better than being impulsive like that, I think if you think the feeling to do Things that must be there but we already know that it is not a good thing for us to do as gamblers who know their own limits.

[Oluwa-btc]

Obvious question, would do the same?
Have you seen other high roller bets that you think are beyond risky or put on crazy matches?

Yeah it's possible to go for know odds, I do it sometimes when I feel I want to make comparison between going for a higher odds with high stake, usually it doesn't matter if you're a high roller gambler or not and when you tend to stake with lower odds you might be lucky enough to have a win and this is why it's best to keep it low with the amount you choose to bet with.