Post
Topic
Board Gambling
Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
by
BobK71
on 07/03/2023, 10:54:17 UTC
Even though there is the possibility of losing such a huge amount as huge as 1.4 million on bets vut to see such huge confidence in bearing such a high amount on a bet based on the sure odds and end up losing this is a lesson for everyone to not trust too much on odds.
The issue here is about gambling with such a huge fund hopefully to win 1,512,000 which is quite a reasonable amount of profit unfortunately lost the bet because it's too risky and probably the gambler envisaged that it's a sure bet of course nothing is sure in gambling especially in soccer bets where unset is created on regular basis leading to massive losses by gamblers, personally I will only accumulate 2 or 3 games with an odd of 2.0 and use 10% of the total amount to play the bet, while consistent winning with this strategy is bette and profitable in a long run.
No matter how sure the odds are we shouldn't risk such a huge amount on the bet, but come to think of it from the gambler's point of view, he may have thought that he will be so lucky to win such an incredible and ridiculous bet judging from the odds.
My thought on the gambler's behaviour is that the player show early sign of addiction, and if that the case then he need to stay off gambling for a while because 1.4 million can change a life in most places around the world.
If we consider outside of the language of gambling then this is a big amount and the person was not right to bet with such amount. But if we describe it in gambling terms then it is very simple because win or loss is a common aspects of gambling. Although large amount of money is used in this bet. However, in gambling bettors participate in betting with having the risk. A gambler who placed such a large bet against such small odds he may thought would win or he took a risk. Usually losses by the odds of 1.01 is comparatively less. But it's nothing but bad luck and he had to lose from that particular bet.