That's crazy, if he's rich he doesn't have to worry too much. i think it's the second huge loss of 2016, the first one being 1000+ btc on betking i think.
This is the worst thing that i seen this year how they can afford to bet such a large amount like that..
I can not lose even above 0.02 bet in sports betting.. maybe he is following to bet in high ods just like other that they are reversing the bets instead of betting to low ods considering that many people are betting they are betting in high ods that actually sometimes there is no bets but the rewards is pretty high..