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

[Wonder Work]

Odds are not a sure thing. They are nothing but calculated probability and even calculated, there will always be margin of errors that there is nothing we could do to pretend correctly. Still, it helps a gambler know where or how much to bet on. Odds are often the core of a gambler's strategy but this is not everything there is in gambling.

Yes, it is foolish to expect the possibility of winning by making such ideas, even, odd, more or less. In reality, things do not happen like that. Nothing can be said accurately. Odd or even cannot be relied on because something will happen. If it is not odd, then it is even.

I used to think like that too, but later when I looked closely, I realized that this is not really a matter for winning the game. However, one can have an idea that if it is not from here, it will go in this direction, if not in that direction, then I do not see any such thing as more or less likely to win.

Those who have been playing casino games for a long time have an experience and their strategy is well mastered, then they can identify some things in advance.

[Kelward]

When I hear of gamblers betting huge amounts of money I don't get carried away in a hurry, I first wonder if the amount is what the person can afford to loose. What is a very small amount to a person can be a very huge amount to me that is why I don't unnecessarily get carried away when I see amounts that I feel is unreasonable to my level of income being used by others to bet. Responsible gambling is key and that means not using all your money on something that depends on luck to be profitable. People who don't understand how gambling works can get carried away by what they hear about high rollers and use huge amount that they can not afford to loose to gamble, if they lose, they'll probably be chasing loses and become addicted.

[CryptopreneurBrainboss]

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?

If I got the money to spare why not, gambling is all about enjoying my self and making some money in the process so if I got some spare changes I can go for high bets without having a second thought.

Money I might consider disposable money could be someone's else dream money but that's just life so I don't have to look at someone game then conclude that he's wasting money or just being an asshole.

Considering my own capacity, I have made some high bets myself and I did lose some but wasn't much of a big deal because it was an amount I could risk and not get any regrets.

I don't judge others decisions because I'm not in their shoes but all I got to say is that when we're gambling, we should just try as much as we can not to be making decisions based only on emotions and taking on too much risk that can destroy us.

[peter0425]

When I hear of gamblers betting huge amounts of money I don't get carried away in a hurry, I first wonder if the amount is what the person can afford to loose. What is a very small amount to a person can be a very huge amount to me that is why I don't unnecessarily get carried away when I see amounts that I feel is unreasonable to my level of income being used by others to bet.

Do people really get FOMO when it comes to gambling? Most of the gamblers I know and see are all very confident with their own choices that even if they see someone betting huge amounts on a specific event, they do not get influenced and try to bet on that event as well. We all know the same things. We are all presented with the same information (unless they know an insider info) so why copy others' bets?

Responsible gambling is key and that means not using all your money on something that depends on luck to be profitable. People who don't understand how gambling works can get carried away by what they hear about high rollers and use huge amount that they can not afford to loose to gamble, if they lose, they'll probably be chasing loses and become addicted.

If they copy high rollers, they might not even get a chance to get properly addicted before they end up losing money. Soon they could realize that betting all of their money in one event or round would be a mistake.

[Botnake]

Soon they could realize that betting all of their money in one event or round would be a mistake.

How can we be sure that these high rollers are betting their entire bankroll on one game? Their stakes are massive, which is why they’re called high rollers, but it’s possible that it’s only a small percentage of their total funds. Some even place million-dollar bets on a single wager. High rollers operate on a completely different level, making it hard for us to relate since we don’t experience the same kind of thrill they do.

[davis196]

It's totally boring to bet big amounts of money on games with low odds. The expected profit would be relatively small, while there's a small possibility for the high roller to lose everything. It's not worth it, if you ask me. Smaller bets on higher odds is the way to go. On the other hand, placing big bets on games with lower odds is a pretty ballsy move. I wouldn't place such bet, even if I had six figures to waste on gambling every week. Maybe I am a coward and I'm too afraid to lose. Some gamblers are simply generous, while others are stingy.

[hyudien]

When I hear of gamblers betting huge amounts of money I don't get carried away in a hurry, I first wonder if the amount is what the person can afford to loose. What is a very small amount to a person can be a very huge amount to me that is why I don't unnecessarily get carried away when I see amounts that I feel is unreasonable to my level of income being used by others to bet. Responsible gambling is key and that means not using all your money on something that depends on luck to be profitable. People who don't understand how gambling works can get carried away by what they hear about high rollers and use huge amount that they can not afford to loose to gamble, if they lose, they'll probably be chasing loses and become addicted.

You are right, sometimes money that they think is small is actually big for some people and vice versa, it depends on our financial situation. And in income it is different, for example we set aside 2 or 3% of our salary every month, the same thing that people do. But in nominal terms it may be different because the difference in the amount of salary we get is also different.
But the point is whether we can afford to lose the money or not, because that is actually the main problem. Where if someone uses money that they cannot afford to lose, then it will be an even bigger problem.

[Bitinity]

It's totally boring to bet big amounts of money on games with low odds. The expected profit would be relatively small, while there's a small possibility for the high roller to lose everything. It's not worth it, if you ask me. Smaller bets on higher odds is the way to go. On the other hand, placing big bets on games with lower odds is a pretty ballsy move. I wouldn't place such bet, even if I had six figures to waste on gambling every week. Maybe I am a coward and I'm too afraid to lose. Some gamblers are simply generous, while others are stingy.

Maybe we have the same point of view because I also think that bet huge amount for small profit is too risky but maybe some players use that strategy for a reason such as boosting their wagering stats because they are participating on wagering contest or maybe for other reason that we do not know. It is still something that does not worth to risk to do, at least for myself. Anyway, it is not something new for me because I've seen many other players do the same betting style in several casinos.

[mirakal]

This is easy money for the casino... Yes, I couldn't think of doing that strategy, and I only bet on low odds if I trust the team but not huge amounts. Although we say this is gambling, putting our bet into low odds is most likely to lose. Maybe I was just too lucky, but that is in my experience. 

Anyway, rich people can simply risk a lot of money and worry nothing. But for a poor guy like me, I shouldn't take that. Instead, I'll go for the option that likely turns my bet into a win.  

[bitbollo]

In my opinion you can place any bet you want even with low odds. Why? Because you don't need to predict "crazy" outcomes but you need only to win.
If a win has a small or an higher profit it become irrilevant if you can WIN ALWAYS. For people that know what they are doing, definitely YES, these big bets are the good ones.
Otherwise just no. Avoid these risks. Avoid large bets. Avoid low odds because in the end you will get bankrupt if you are just chasing "Low" odds like a "safe odd.

[Weawant]

Soon they could realize that betting all of their money in one event or round would be a mistake.

How can we be sure that these high rollers are betting their entire bankroll on one game? Their stakes are massive, which is why they’re called high rollers, but it’s possible that it’s only a small percentage of their total funds. Some even place million-dollar bets on a single wager. High rollers operate on a completely different level, making it hard for us to relate since we don’t experience the same kind of thrill they do.

Well some of the high rollers do put it up there that they actually do such and so thstvis actually enough to believe they are putting all of their funds in that as they believe they could win the game going that way. Although it is true that it's not all the money that have actubut they could also put in all the money they did fund their gambling wallet with at a time on a particular game they have some level of trust on the expected outcome,  some times even people who gamble with small funds Based off the fact that is what they can afford, they do almost same too.

[DubemIfedigbo001]

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 huge staking power and I'll want to believe that those staking this high are whales and not just average people, else it's a very not so cool gambling practice. 6 digit is a whole lot.

I love keeping the stakes low and with moderate odds, I care less about my winnings since gambling isn't my source of income, rather a way to catch fun and expanding my knowledge on my favorite sports . I sure have friends who are in this category as described by OP, both those that are in my financial strength and those above me, but I wouldn't comfortably say it's favoring them as they wanted, and I don't think that attitude is what I want to adapt to.

[Fivestar4everMVP]

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 am honestly not surprised here for this a very common occurance which I have seen many times on the high roller betting log on stake casino, and it's very understandable because we all that the lower the odds of game, the higher the chances of winning it, this is aside luck which also have a key role to play at the end of the day, but on the norm, lower odds simply means the chances that game will play is high, but the profit that will come out of such bet is very small, and only the high rollers, which is those who bet high amount of money on that game are more likely to reap better reward if eventually they win the game.

Well, for me, I will do it if I have the money and can afford to lose such an amount without problems of any kind, both financially or mentally, this is usually assumed to be a safe bet, even though in reality, there is really no safe bet in sports betting.

[sompitonov]

OMG, I would never in my life place such bets having such money in the game account. Many times I have seen how players tried to earn a little, betting on practically guaranteed game events with small odds, and then something incredible happened and they lost because the clear favorite of this match lost. I want to say that this player has a large amount, but most likely does not realize that sometimes unpredictable things happen, and his bet can burn out and even if he wins, most likely he will continue to bet on similar matches with such odds, becoming more confident each time in his rightness and in the end he will be unlucky and it will be very sad.

[Charles-Tim]

They are rich gamblers who have lot of money to bet on very low odds to provide greater chance of winning because very low odds when bet with small money will not provide profitable win, there are many ways to bet like this and can indeed provide more winning results.
I personally would not take bets like this continuously because I only have limited money and prefer to make bets with bigger odds, each gambler has their own way of betting their money and choosing the betting options that are considered the best.

If a gambler is very rich, that did not mean he should do what he will later regret. Betting with high amount of money on small odds like 1.01 is not good at all. It means the person is taking gambling as a way of making money and that will not end well at all as the person will sooner or later lose and regret. Even if you have high amount of money, just avoid it is my advice.

[aylabadia05]

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?

If I have money, I will pile it up on football betting. I don't care about the results. That was then.
So far I have done something different. Betting small and getting big opportunities is something I often do. Not parlay because I am tired of parlay in football.
My target is not big in gambling to seek wealth but gambling with the target of not losing a lot of money in the midst of the fun and excitement that I expect.

[AbuBhakar]

OMG, I would never in my life place such bets having such money in the game account. Many times I have seen how players tried to earn a little, betting on practically guaranteed game events with small odds, and then something incredible happened and they lost because the clear favorite of this match lost. I want to say that this player has a large amount, but most likely does not realize that sometimes unpredictable things happen, and his bet can burn out and even if he wins, most likely he will continue to bet on similar matches with such odds, becoming more confident each time in his rightness and in the end he will be unlucky and it will be very sad.

You should check the currency first since it’s way lower than the 6 figure value when you convert it to USD. He is betting 1K per bet on low odds which is common for some whale player that just farming wager for rakeback and other VIP rewards such as level up reward.

The bet is indeed huge for the rest of us here since it’s already a big bankroll to gamble however this is not new method for many whales considering casino has a lot of promotion that involves wagering volume in able to gain prize.

Tournaments is one of the considerations which this user main goal.

[Obim34]

OMG, I would never in my life place such bets having such money in the game account. Many times I have seen how players tried to earn a little, betting on practically guaranteed game events with small odds, and then something incredible happened and they lost because the clear favorite of this match lost. I want to say that this player has a large amount, but most likely does not realize that sometimes unpredictable things happen, and his bet can burn out and even if he wins, most likely he will continue to bet on similar matches with such odds, becoming more confident each time in his rightness and in the end he will be unlucky and it will be very sad.

High roller means their is sufficient funds available to gamble with, you can't see any gambler do same except having enough to stake multiple times as the other loses. I am not you but i think if you have what it takes like them, then certainly you will find comfort sizing your odds into lows than accumulating many games. There is great chance of winning 1.4 or rather 1.2 odds over parlay of multiple games combination of numerous odds.

These high rollers sees gambling as profit and losses unlike we do, before staking such amount means some level of experience to. They probably understands the odds assigned to losing or winning the game, most for them are fortunate because each is a single or double pick and they select the easiest answerable odds that can happen instead of staking little with many games combined.

[KTChampions]

$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.

In essence, you are right, but still, if we compare a single bet with odds of 2.0 and 100 bets with odds of 1.01 (to get a doubling of the initial amount) or a multi-bet of 70 outcomes with odds of 1.01, then the most profitable is a single bet.
They are all unprofitable, but the bookmaker's margin is higher in the case of a multiple bet, and a larger number of bets always leads to a higher probability of the bookmaker winning.

[Free Market Capitalist]

Personally I wouldn't do it but I'm not a high roller and who knows what goes through their minds. For me casino games only make sense if you can get a big jackpot, a big return for what you bet. Well they are all EV-, in all of them you are going to lose money in the long run and for that I would rather bet to see if I get something big and walk away that night with casino money than bet on double or nothing or similar. But maybe they do it to complete wagering requirements that give them access to more bonuses or more advantages.