A bettor loses $55k on "Guaranteed" Bet on Jannik Sinner in the French Open

[MArsland]

I can't believe there are still people who would bet 55,000$ just for a 1,000$ profit, it's a very inappropriate bet, but it proves the fact that even high favorites can really lose to very weak teams. There are many factors that trigger the failure of the favorite to win, such as the incident in this tennis match.
Perhaps, this is a way for rich people to seek satisfaction, and I suspect the bettor is a big fan of Jannik Sinner.

[arallmuus]

So this guy bet $55k on Sinner to win $1000

How in the world is someone betting $55k to win $1k. This is way beyond dumb for sure. There are probably hundreds of other ways to only win $1k without losing $55k

And there are always those who bet on a "reliable" outcome and lose serious money for pennies.

I couldnt wrap my head ups on this type of betting method. He probably want to utilize the daily wager bonus or some shit by betting that high then it backfired on him but this is just too dumb for me to process

I'd say he is probably not the only dumb person to try this out. I bet there are several others that actually like this type of 1.01-1.05x odds but with way lower amount

[Sonia_123]

This is just too much for a gambler to gamble with just for once, this is the risky part of gambling that the wins are not guaranteed but very risky .

This gambler got himself carried away by his emotions and greed for money that was why he never realized how much he was losing but kept money until he used up such an amount for gambling and lost everything.

[Dr.Bitcoin_Strange]

This is a bad bet just like some people also make the mistake to overestimate the outcome of a match due odd and then they will go as far as risking a huge amount to win very small amount and feel too assured of the game outcome because of that odd or the faith they have on the team. I can bet in small odds but I can not risk such huge amount for little win like that, risk is higher than reward.

[Slow death]

I confess I'm very shocked. A person who risks $55,000 on a bet with odds of only 1.01 can't be right in the head. Why would they waste $55,000 to win only $1,000? Honestly, I can't understand it. They could have taken that $55,000 and not bet on anything; they could have used it in the real world, which would have been the best thing in the world.

This is the problem with people who don't use their heads before entering the world of gambling. They don't understand the importance of bankroll management and the importance of viewing gambling as a form of entertainment only, and never making the mistake of betting on games with very low odds and amounts they can't afford to lose.

[nelson4lov]

This is why I don't like betting on heavy tennis favorites because the match can really swing either way. I remember betting on Rybikna a few weeks ago. Odds were like 1.04. I thought — "why not get a quick 4%  profit to start the morning". Around second sets, live odds were already close to 3 odds. Happened with Alexander Zverev too a few days later when the world no. 3 lost to someone rank 100+. I like sinner and know that nobody is currently as good ashim but taking heavy bets on 1.01 odd makes zero sense no matter how you put it because you're risking so much for nothing.

[ingiltere]

First of all it's important to note that there's no such thing as a guaranteed bet. If something were guaranteed, no firm would open bets on it in the first place. Odds of 1.01 don't mean the outcome is guaranteed. Since betting firms offer this odds, the probability of it happening is lower than 1%, but it's still not zero. This is how betting firms make a profit in the long run from the millions of bets placed on such outcomes. These kinds of losses happen all the time, but they generally don't make the news because it doesn't have news value. The bettor's loss is their own concern.

[tabas]

What do you guys think about it?

That's unexpected and bettors will usually won't take that risk to bet on him with that kind of odds. But with other cases in the past about such odds, I won't trust that anymore. I won't bet usually on that or if I am looking to have fun, going for his opponent is a good testing of luck. We are gambling and anything that guarantees is too good to be true, that small odd difference can make a huge difference if you lean too much trust on it. Don't put so much money just to take that small potential win. I'll take the bigger gamble and more potential win with smaller bet.

[Cantsay]

My mouth is still wide open after I read the part of the article that said that the gambler actually risked such an amount $55,000 to win just a thousand dollars and lost it. That is just pure foolishness, and if anyone tries to defend him by saying that real gamblers take risks, then it means that they too are just being stupid.

That is not even up to 1.03 odds, and yet he was willing to risk such an amount on it and get back just that return for such a risk. No matter the odds of the game, the probability of winning remains the same, i.e. 1/2; either you win or you lose.

[Shinpako09]

This kind of event or match is proof that there’s no guaranteed win, not just in casino games, but also in sports betting. Remember Super Bowl LI in 2017? That was hands down one of the most insane comebacks in sports history, if not the greatest. According to analytics, the Falcons reached a 99+% win probability during the game, but Tom Brady and the Patriots still managed to come back and win. That game is considered one of the defining moments of Brady’s legacy as the GOAT of the NFL.

Remember the 2016 NBA Finals too, where Lebron and the Cavaliers made history by overcoming a 3–1 deficit against the Warriors? Who would’ve thought they could come back against that 2016 Warriors team? That’s another proof that there’s no guaranteed win. Anything can happen as long as the match isn’t over yet.

[AVE5]

This is a truly insane gamble. risking $55,000 for a potential $1,000 win is sheer madness!! it means you have put yourself in the worst possible risk equation. Odds 1.01 mean that any small mistake or injury or heatstroke or momentary physical collapse (like what happened to Sinner ) would be enough to lose all your entire capital.

He should have avoided low odds or at least used hedging when Cerundolo's odds reached 800–1000 or exited early at the first sign of fatigue. What he did was an ill-advised gamble.

Did he regret the lost or not? This should be thoughtful first even before we begins to throw the shades on him because for all I understand about gambling, when someone looses small amount on stake, we assume it's nothing because we can't worry about the small lost.
But it is he stakes so high then criticisms like as that of this on erupts and those audiences reading the news of the lost bet begin to take pills on someone else experience.
On the honest it really feels madness betting on such bookie small odd to win such small amount after betting that big and still looses the bet. The outcome of the game just shows how the live odds can manipulate your mind to falsely think betting on the odd can guarantee you winning.

[TopT3ns]

What do you guys think about it?

That's unexpected and bettors will usually won't take that risk to bet on him with that kind of odds. But with other cases in the past about such odds, I won't trust that anymore. I won't bet usually on that or if I am looking to have fun, going for his opponent is a good testing of luck. We are gambling and anything that guarantees is too good to be true, that small odd difference can make a huge difference if you lean too much trust on it. Don't put so much money just to take that small potential win. I'll take the bigger gamble and more potential win with smaller bet.

Bettors who want to reap big profit often select the strategy of making small bets using small capital. This is an extremely risky strategy, but the possible returns are all the more enticing. One of the traps to avoid to gain financial security is false odd. Rigorous capital control is what will help to make ends meet in the speculator world.

[Hispo]

It does not matter the discipline, the teams involved or how odds look like at the moment of getting involved in one specific market... Betting that amount of money in order to get only one thousand dollars is absolutely insane.
I would never do something like that on my own, not matter how save the bet would seem to be.

May this be a lesson for people on the forum and within all the gambling ecosystem who believe there is something remotely close to "save bets". There is always a degree of risk, and no market is going to offer one money in exchange of nothing.

Hopefully the guy who lost that amount of money will be okey after such a blow against his finances...

[yhiaali3]

This is a truly insane gamble. risking $55,000 for a potential $1,000 win is sheer madness!! it means you have put yourself in the worst possible risk equation. Odds 1.01 mean that any small mistake or injury or heatstroke or momentary physical collapse (like what happened to Sinner ) would be enough to lose all your entire capital.

He should have avoided low odds or at least used hedging when Cerundolo's odds reached 800–1000 or exited early at the first sign of fatigue. What he did was an ill-advised gamble.

Did he regret the lost or not? This should be thoughtful first even before we begins to throw the shades on him because for all I understand about gambling, when someone looses small amount on stake, we assume it's nothing because we can't worry about the small lost.
But it is he stakes so high then criticisms like as that of this on erupts and those audiences reading the news of the lost bet begin to take pills on someone else experience.
On the honest it really feels madness betting on such bookie small odd to win such small amount after betting that big and still looses the bet. The outcome of the game just shows how the live odds can manipulate your mind to falsely think betting on the odd can guarantee you winning.

He is certainly regretting his loss, but what is the use now?! He lost a large sum of money as a result of his mistake in thinking and the false confidence in a guaranteed win, and he did not follow any safety rules, but only followed his intuition.

Betting in this way is fundamentally wrong. I don't know how this man thinks, but personally I would not bet such a large amount to win only $1000, no matter how certain the results seem.

[Aanuoluwatofunmi]

An experienced Gambler should know that there is nothing like sure bet, guarantee bet or whatever they may think of calling it, once you gamble you stand the chance of taking the risk to lose or to win, people cannot be trusted and they can use any means to deceive you just to ensure that you take the risk in playing a bet with them, while after the loss, they can do nothing about it than to watch you paying the price all by yourself.

[DrBeer]

That's how you count on statistical analysis, itsoric data collection and visible benefits
Yes, life sometimes throws up "surprises" which cannot be unambiguously assumed or taken into account in advance.
I wonder if it was possible to foresee such an outcome, if we add the ambient temperature and peculiarities of physiology/health of players to the calculation of the forecast ?

[TopT3ns]

An experienced Gambler should know that there is nothing like sure bet, guarantee bet or whatever they may think of calling it, once you gamble you stand the chance of taking the risk to lose or to win, people cannot be trusted and they can use any means to deceive you just to ensure that you take the risk in playing a bet with them, while after the loss, they can do nothing about it than to watch you paying the price all by yourself.

All gamer must comprehend that betting is based on mere churning. To the unsuspecting, the offer of assured wins will always be a snare. The capital owner bears the entire brunt as regards lost funds. The best precaution against any loss of money that may compromise personal stability later is to be skeptical about the offers of other parties.

[leea-1334]

That equates to 1.02x and super dumb, but what do you expect from these dumbass influencers? Worse is to follow them and talk about their crap,,, because that thing will rot your brain OP

The only way I ever put 1.01 or whatever is when I need to make my bet qualify for something, such as, like,,, when I need to make freebets and I only have 1 selection but the requirements need 2 selections 

Yeah right! There’s nothing to gain with that kind of odds especially if it’s just a prematch. I might consider it only if that offer was during 2-0 already via live while I’m just betting for the sake of grinding my VIP level.

There’s a lot of fair offer on different matches. I don’t know why people still risk money on much that has little to gain while there’s still risk involved of losing everything on upset matches.

Oh yes,,, LV or XP grinding, this is when you will see me make 1 million autoroll bets on dice with 1.02x   But at least that is provably fair and with 1% house edge.

In sports 1.02 is more like 20% house edge, very dumb to take to make profits, only good for qualification and xp farming like you said.

[Yorubek]

That guy sent a hawk after a sparrow and still ended up losing the sky . This is how during gambling emotions affect the decisions . On paper it looks like a done deal . This is where peoples stop seeing risks and seeing free money . This is the harsh truth of live betting . If we see at the at the game initially sinners at 1.01 odds this was like 2 sets are already in the bag at that point many greedy peoples dont looks it like a bet anymore they seeing it as a free money . That is where the famous illusion of certainty peaks and peoples tooks unnecessary decisions that turns into frustration and stress. Thats why in betting no doubt specially in sports betting analysis is necessary but whats more important then analysis is command over emotions .

To win at gambling you need to do proper research use strategy and finally you need to rely on your luck. If your luck is not good then no matter what you do it will not work properly. Another thing is to control your greed or emotions while gambling. This is very important because most of the time it is very important for gamblers to take time after winning or losing money. However, the mentality of gambling which is based on greed or emotions to get back the lost money puts the gambler at great risk and as a result the gambler gradually begins to destroy himself.

[Odohu]

Losing $55,000 seems small when you look at this news, a thread created by bitbollo, someone lost $1.4M with odds of 1.01x.
Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!

There are times when a gambler is unlucky even if the odds are small 1.01x so never bet a lot of money because small odds do not guarantee anything, while in sports anything can happen even if the odds are far different from the underdog team.

Instead of gaining profit, lose the entire bankroll in one ticket.

There have been several arguments about such type of bets with some calling it using the casino to clean money and others calling it sheer business which is making 1% profits on a guaranteed game. As long as gambling is concerned,  there is nothing like sure bet, anything can happen. There are many factors that can change the outcome of the game which is why gambling must be treated as a game of probability. I have also tried to limit or avoid live betting and that have helped me a lot because I consider it too risky.