Quote from: Silberman on Today at 05:04:40 PM

Quote from: Jawhead999 on Today at 03:08:17 PM

Quote from: klidex on January 29, 2023, 03:52:23 PM

By knowing the risks that will be accepted and the consequences of betting large amounts, they must also have spare money to be able to bet if the first bet loses and the money is lost.
The reserve money will be used with the aim of betting again to be able to win it and restore losses from previous losses.
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.

If the rich will gamble with huge amount in order to win and make money, I'm sure all of the casinos already bankrupt since their bankroll are empty due to whales. Technically martingale strategy will work, but you need to have unlimited money because you're need to accept huge lose. But it's impossible because even a rich person does have limited money. i think most of high roller lose their money because they're get tricked by gambling tools about martingale strategy calculation.

They are tricking themselves, anyone that makes an effort to make a quick search about whether martingale works or not will find out that it does not in a matter of minutes, so if a whale losses a lot of money by following the martingale strategy they do not have no one else to blame but themselves, after all even if they do not believe what they read they could easily corroborate it is true by using play money, and see how each time given enough time their balance goes to zero.

Not sure why it's needed to bring martingale strategy on this topic since it's by far related to what happen to the op's story, it's a 99% odd that the gambler did place his bet thinking that he will earn something out from that huge bankroll, but it didn't happen and he take the risk and lose the money, bad timing and luck is not with him nothing to blame as he take that and bookies win against him.