Post
Topic
Board Gambling
Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
by
erep
on 29/01/2023, 17:15:54 UTC
If we follow and pay close attention to how the rich people play or bet, it will be difficult to understand because they bet using their logic based on a large enough capital that no matter how they do it they will continue to win.
we can assume he is a rich man from the amount of betting funds but from the assessment of the odds that he does not accept losing the funds because his predictions are wrong, he increases the betting funds because he has predicted that he has a great chance to win even though the winning amount is very low compared to the betting capital. However, this type of gambler is very rare, even though gamblers are rich they still consider the risks of each bet and are not greedy to get profits with risky bets.