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

[Wakate]

There are different techniques casinos are using to make sure that we continue to bet on their platform which involves allowing you to win first before you will start losing. Gambling may look very profitable for this kind of gamblers since they are seeing wins often until they started losing money gradually. When you are gambling using risk management, you will not have this problem at all or fall for the trap.

[Tungbulu]

Guaranteed bet ehh?
Well I guess that serves as a serious lesson to many who think or believes there’s actually a thing as guaranteed bet in gambling. This same mindset has led many to far more losses, and I believe only ignorance would make anyone have such a mindset. No matter how sure or guaranteed an odd might appear to be, there’ll always be a presence of uncertainty, and even the slightest bit of uncertainty can bring the biggest disappointment. There’s no such thing as guaranteed in gambling, it’s all about luck.

[famososMuertos]

If there's one sport where this happens, it's tennis. In fact, the word "rare" isn't the best description; you could even argue that it qualifies as "very likely," because the technicalities matter here. "Unlikely" isn't the same as "improbable."

Look, it's not rare in a sport like tennis. I mean, it's very rare for it to happen to this specific player, given his circumstances, but in almost every tournament, someone with odds of around 1.01 ends up losing.

When you study risk theory, the closest analogy is the lottery. It's very difficult to win the lottery, but it happens every day; there's always a winner.

And for the player who lost, it's probably just another day at the office; he just has to repeat the bet another 56 times. 

[AmaGold70]

This the nature of sports betting, and no bet should be trusted 100% . On my own part, I have also lost on several bet that i trusted so much. However, it is important to gamble with the amount of money you can afford to loose, and do not be so greedy to increase stake or gamble with huge amount of money because you trusted a game.
There are times when people make this comment, this is a sure bet, and try to increase their stake on such bet, and you might not be lucky to win the game. This kind of lost can be so annoying, he betted on Jannik Sinner to win because he trusted Sinner would win the game , but instead the bet turned against him.
This guy must be very unhappy considering this amount of money he lost, but my own view is that no matter how appealing a game might be, do not give it full trust.

[Chinesebaby]

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,

Yes, you are absolutely right about what you just said above, regarding not betting a lot of money, simply because you saw the odds to be small. Because this is one mistake a lot of gamblers have done ignorantly, thinking that small odds usually guaranteed profits. Not knowing that sometimes an underdog team might win a top leading club when you least expected. Which is enough reason why it's good for people to always gamble and amount they can always afford to lose each time while placing a bet. Because I'm just wondering how these two individuals will feel, that is, losing $55,000 while chasing a profit of $1000 and also losing $1.4million while chasing a profit of just $14,000. It's really heartbreaking.

[KTChampions]

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

I also thought about wagering or bonuses, but in reality there are simply bettors who think that earning a little on a "guaranteed" bet is normal. I've seen many similar wallets on the PolyMarket, they earn fractions of a percentage, often betting on events that have already occurred and providing liquidity to those who don't want to wait for an official dispute resolution. But of course, there's no such thing as a free lunch, and sometimes force majeure events occur that wipe out a year's worth of earnings (from hundreds of previous successful bets) with just one unfortunate outcome. Something similar happened in this case.

[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.

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.

While the small amounts with higher risk is better. That bigger capital and yet smaller risk to me is more unlikely. It is more risky to be honest when you're betting for big money yet, the rewards are small. It could be worth it but these sports are also unpredictable and that's why always apply the principle of affordable amount to lose. If you can't take the risk with that, don't go YOLO because it's the big mistake that many have regretted.

[r_victory]

How could he lose money on a guaranteed bet? To me, he already lost by believing it was guaranteed. The favorite doesn't always win, and risking such a large sum is foolish, even more so when betting all that money to win 55 times less than the amount wagered. Crazy...

[henmark]

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!

That was indeed more impressive but it may be older. Post like this may be worth it to highlight again as it can serve us a warning or a reminder to us all bettors that there is no such thing as 'guaranteed' in gambling. Small odds may only increase our winning chance, that's it!!

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.

I remember in dicing era before, we can even get red streaks with those lower odds, lol, imagine that? It is just small odds also has lower returns, and that is the reason why bettors on them pumped their bets up. It is still not worth it. I'd rather risk on a normal 49/51 game instead. It may be crazy but often times, they are usually the ones that can give us an instant win.

while in sports anything can happen even if the odds are far different from the underdog team.

In gambling in general, anything can happen.

[rohang]

Its hindsight after result but sinner has had health/fitness issues often, especially in higher temperature conditions.

Health/fitness is a very big reason why i would say betting big on tennis is a bad idea, especially at odds like this.
Anyone can be feeling sick or get cramps or something happen during the match.

Maybe in another tournament he wouldve retired but thats never gonna happen in a major
Hope the bettor could afford the loss as its very devastating to someone who cant

[Cantsay]

How could he lose money on a guaranteed bet? To me, he already lost by believing it was guaranteed. The favorite doesn't always win, and risking such a large sum is foolish, even more so when betting all that money to win 55 times less than the amount wagered. Crazy...

When I saw your question, I was like, are there people who still believe in this so-called "guaranteed" bet in gambling? But then I read the remaining part and understood your standing.

In gambling, no matter how small the odds may be or how sure it may seem, nothing is ever guaranteed. So it would be foolish to lower your guard and bet excessively because you think you have finally found a game that is safe and sure to give you that win.

[Zadicar]

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.

While the small amounts with higher risk is better. That bigger capital and yet smaller risk to me is more unlikely. It is more risky to be honest when you're betting for big money yet, the rewards are small. It could be worth it but these sports are also unpredictable and that's why always apply the principle of affordable amount to lose. If you can't take the risk with that, don't go YOLO because it's the big mistake that many have regretted.

It would really be that too impossible that you cant be able to realize that the risks is just that too much for a little bit reward but due to greed and having that being that too positive or optimistic then you would definitely do it. You would really be thinking on having that playsafe and having that guaranteed win and thats why you do become that confident on what would be the result considering on the odds or simply being that highly favorite. In my case i dont really that make up bets which are that below 1.5x odds and with that then i would definitely skip and i would rather go for the underdog considering on the multiplier then this is something that i would be that choosing rather than on betting on something like 1.1 or even 1.05 or something like that. We do know that as long the game timer isnt zero then it wont be over yet and there are tons of potential things that could happen on the last seconds and this is something that you do need up to realize.

[nelson4lov]

Its hindsight after result but sinner has had health/fitness issues often, especially in higher temperature conditions.

Health/fitness is a very big reason why i would say betting big on tennis is a bad idea, especially at odds like this.
Anyone can be feeling sick or get cramps or something happen during the match.

Maybe in another tournament he wouldve retired but thats never gonna happen in a major
Hope the bettor could afford the loss as its very devastating to someone who cant

I think it was because it was the Roland garros and that was he really wanted to continue despite feeling unwell. I didn't see the game but saw the highlights. Unfortunately, in major tournaments like the Roland Garros, you can't just opt and and get the game postponed to whenever you like just because of a health issue. The only two options are to ay through the pain or retire. He chose not to retire because he's a fighter and I respect him for that.


Not sure the bettor is going to forgive him though.

[bitbollo]

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!

That was indeed more impressive but it may be older. Post like this may be worth it to highlight again as it can serve us a warning or a reminder to us all bettors that there is no such thing as 'guaranteed' in gambling. Small odds may only increase our winning chance, that's it!!

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.

I remember in dicing era before, we can even get red streaks with those lower odds, lol, imagine that? It is just small odds also has lower returns, and that is the reason why bettors on them pumped their bets up. It is still not worth it. I'd rather risk on a normal 49/51 game instead. It may be crazy but often times, they are usually the ones that can give us an instant win.

while in sports anything can happen even if the odds are far different from the underdog team.

In gambling in general, anything can happen.

Definetely! If there is an odd to play, there is something that can happen.
This should always be taken into account because "the wrong turn" could be the time you made an huge bet.
There are many situations of "the fall at last step". About Sinner (casually ) I was skeptic about the match against Cerundolo....

[l99l]

There have been similar incidents before. But I don't know, I can't understand this risk and reward perception.
Why would someone risk $55,000 just to earn $1,000? It doesn't seem logical at all. Maybe it's because of fanaticism, or maybe it's an emotional decision just to support Jannik Sinner. I honestly can't figure out exactly what psychology is behind this.

[AmoreJaz]

There have been similar incidents before. But I don't know, I can't understand this risk and reward perception.
Why would someone risk $55,000 just to earn $1,000? It doesn't seem logical at all. Maybe it's because of fanaticism, or maybe it's an emotional decision just to support Jannik Sinner. I honestly can't figure out exactly what psychology is behind this.

We don't know exactly his reasons but as an outside view, it is like not a very smart move so to speak. But he had his reasons and it was his money. So whatever he had done, he should accept the repercussions of such seemingly dumb decision. Some bettors really do this kind of strategy. It will be a disaster if they have borrowed such money thinking that they can get that 1k as profit and return the original bet amount afterwards. So yeah, we don't know the reasons of such approach. But definitely he has reasons to bet that amount and he surely felt that the had like a guaranteed win on such very low odds. But this is sports, you can't say, you can always have 100% assurance even if you know they have the highest chance of winning.

[Hispo]

There have been similar incidents before. But I don't know, I can't understand this risk and reward perception.
Why would someone risk $55,000 just to earn $1,000? It doesn't seem logical at all. Maybe it's because of fanaticism, or maybe it's an emotional decision just to support Jannik Sinner. I honestly can't figure out exactly what psychology is behind this.

One does not need to over-think in order to understand what happened here.
The betror thought the match and the betting market was pretty much an opportunity for him to make some free money, it was free money for anyone who was willing to take it, so in order to take one thousands dollars for free, he was required to deposit those fifty five thousand dollars. In the end, he his plan backfired and he lost all. It was a perfect exercise of greed.

Would you not take "free money" (one thousand dollars) of they were offered to you?
That was pretty much what that guy had in his head in the moment he decided to carry out such huge deposit: free money.

One needs to be careful when greed takea over one's common sense, no doubt about it. Let us learn if the mistake of this guy, so this won't ever happen to us.

[LUCKMCFLY]

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.

Nothing is safe, except for betting. Sports betting, however good the odds may be for us to win, is not a sure thing. There's always a chance of losing, and that's a fact. That's why we must have many arguments to bet with confidence. Is there insider information out there? Nobody guarantees it. Things sometimes happen for a reason; there are extraordinary events that defy our imagination.

[tread93]

For those who took him pre-live, that's a crazy bad beat. From one game away to closing out the match 3-0 to getting reverse swept with ease is an insane collapse. That goes to show even the best of the best can crumble as well, and I agree the heat is no joke at this time of the season.

If i'm in their shoes, I might've cashed and cut my losses while watching because there were surely some issues after he only got 1 game in set 4.

Yeah its situations like these when the stakes our high that sometimes you just gotta take that quick payout before its over if its possible to do that some casinos do.  But even then you never know whats gonna happen all just a bet and chance.

[danherbias07]

Ouch!

Lots of money gone just like that. That's why I don't bet on heavy favorites with odds like x1.01 to x1.20. Some think that they won't lose those types of bets, but here is another victim of it. I'd rather take x1.60 to x1.90 and just place a bet that is affordable for me. Get a good profit out of good odds.
Also, it's a lot of pressure betting high amounts on favorites. The one who made the bet is probably watching. He is probably monitoring what is happening and is under heavy stress, but he should've used the cash out button if it is available while there's a chance. What a waste.