Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
The story sounds hard to believe but with the level of wastage and high wagering that gamblers get involved in it is possible wagergwr such an amount because 1.4 million dollars is considered to be a small amount to some whale gamblers.
I don't think 1.4 million dollars will be considered small by any whale anywhere, except the person is stupid and does not know the value of money.Even 1.4 million dollars is a big money to Elon musk, like I've said before, it is clearly evident that the gambler who wagered this amount was not expecting to loss it, he probably felt he found a good game to make a good profit of $11,000 from and went all in since he believe it was a sure win for him, but unfortunately, things didn't go as he planned, which resulted to him losing this money to the casino, really a big loss and each time I come across this thread, I hope in my heart that who ever this gambler is, is still doing OK right now.
I can imagine how a billionaire just wanted to show off being out with friends or so. They might have been talking trash and one guy just said hey let's have some fun, anyone believing that I am going to bet this amount on that outcome? Sure he never expected to lose it, but the thrill is still there for anyone seeing it and secretly hoping that this unlikely event turns into reality. It is not about the few thousand dollars I think. The guy who bet that amount just wanted to show he has the balls to do it. We don't know what the set up was like, whether they are filthy rich, had been drunk or on drugs and just pushed each other to this absurd bet. If it was a billionaire, I am sure he still slept well. 1.4 million dollars is a lot to Elon Musk, but he can keep his smile burning through 200 billion dollars because the share prices fell, I think he could even afford some fun with friends and lose 1.4 million with a chance of less than one in a hundred.
Yes, of course, gambling while intoxicated or, for example, under psychostimulants, or under light drugs is a sure and 100% way to lose all your money that you can afford to lose in gambling. And it often turns out that even more money to lose than was set aside for the game. And it will happen much faster than if you were playing while sober. Of course, you should never play in this state because you lose control of the risks and begin to misjudgment everything. For the same reason, drunk driving accidents are more common and their consequences are usually more severe than other traffic accidents.
As for the preliminary conspiracy of two players to simulate a major loss of one of them in favor of the other, it is certainly quite possible to create the image of reckless and insane players and promote their personas on the Internet and other media. It may well be.
And we were just thrown misinformation about the loss of such a lot of money by some rich jerk.
