For some reason, it seems to me that this player easily parted with this amount.
Or it comes to mind that he was managing other people's money, and wanted to earn quick commissions by betting on a reliable outcome.
Anyway, this should be a great lesson for those with gambling problems.
If that person was really is managing someone else funds and wanted to earn a quick buck then he f*cked up on losing on this one. This could potentially cause him some jail time unless he will be able to cover the loss on that bet.
I could also imagine these kinds of things happening on those investment schemes where people would be paid off in a certain amount of time by investing and those people will they've invested on will trade their funds or gamble with it.