Quote from: bitbollo on January 18, 2023, 11:43:29 AM

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

Quote

One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

In my view that much money should never be used on a gambling platform again the odds are 1.1 that the person has used that much money to gamble. One should always use own money on the gambling platform so that there is no worry or emotional trauma if the money is lost. 1.4 million dollars which sounds like a huge amount to me. Even if I ever own a lot of money, I will never spend that much money on a gambling platform because I take gambling as entertainment and will budget very little for it. I never support such betting I support those who participate in betting with small amount of money and have fun.