Post
Topic
Board Gambling
Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
by
Wiwo
on 27/01/2023, 18:06:50 UTC
If it was the gambler's own money, he could be very depressed seeing the big loss he got and would not have the confidence to meet anyone because maybe the people around him have cursed him for having made one big mistake by gambling with big money. But yeah, we can only guess and don't know the truth. But what is certain is that it is a valuable lesson that we can reflect on so that we do not waste that much money on gambling and even make something that can make money for us. It will be better for our life later.
I think gamblers who bet very large amounts of money are their personal money and this is done to be able to get even bigger profits.
He must have known what kind of risk he would receive because he was betting a large amount so it would be impossible for him to bet carelessly without any prior consideration.
Maybe for us, it is a very large amount of money and it would be a shame to bet all of it but for him who is risking it is not a large amount because surely he is a person who has more and more wealth.
I believe the gambler the bet away 1.4 million must have been a heavy wager that has won a lot of money from previous risks, and this loss may have been as a result of overconfidence in the odds since the odds look to the player as a sure odd and he risks such big amount inline with that judgement he took that heavy risk and I am sure his decision was highly influenced by several things.
-The quest to recover from previous losses.
-over excitement from previous big winning
And the rest of what have you,  but ultimately 1.4 million is a big amount to wager in just a bet.