We don't know his bankroll and maybe he doesn't even bother because he has billions, but if it was a substantial amount for that person, would it ever make sense to place a bet of that size at all? Saying that this person wanted to play it safe would only apply if that amount of $1.4 million is within his perfect bankroll management range. Otherwise, if someone is seeking the kick in putting up $1.4 million for the chance of winning $11,200, I would think that there is some loss of control at play because nobody would care winning $11,200 in exchange for risking over a million.
Observed so many people in this thread thinking that this gambler might not have cared much about this loss because he could have been a whale, but I completely disagree since it's still a lot of money for them too at the end of the day.
Rich people are usually more greedy when compared to poor people. Whether this gambler was a whale or not, this loss most probably affected him/her in a big way.
I completely agree. If he wasn't greedy he wouldn't risk his money for such low odd even. I think he thought its good odd to try, and gambled his million dollars away just to make it bigger. And result is a loss. I think he definitely got angry and sad after all. Its a lesson for us. There is nothing called "low odd". Risk is something very hard to measure in sports betting. Its always like give or take. So you should be cautious betting/gambling.