Post
Topic
Board Gambling
Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
by
qwertyup23
on 18/01/2023, 22:56:22 UTC
I have lost 1.01 odd before, I have lost 1.05 odd more than ones before, I have lost 1.02 several times that let me know that going for lower odds is stupidity, it will only encourage you to increase the money you use to stake and losses is still possible. It is a means of getting addicted too.

I have won 1.25 to 2 odds before very well, if I take higher odd with lower amount of money and lose, it is better than going for lower odds with high amount of money.

I definitely agree with your statement. There is this hope that people think about the return of profit in lower odds. The tendency is that they would most likely stake more money as the odds get lower, thereby increasing their risks further from losing on the end.

At the end of the day, gambling is something that cannot guarantee any absolute result. It is a double-edged sword where a person may win/loss at any given moment. No matter what the odds may be, there will always be that chance of them losing. But in the spirit of being careful, the gambler has the power to at least lessen/reduce the risks of losing at the end of the gambling cycle.