Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
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 opinion, with such low odds, you can lose your deposit not so slowly. I have never liked such odds, because you can lose everything and, most importantly, if you win, we get very little. I never bet like this and I don’t advise other players to bet with these odds; in my opinion, it’s absolutely pointless. I am sure that such players think that they are smarter than everyone else, and that he will bet 1 million all his life on small odds to win, but this will definitely come to an end. This player simply did not want to believe it and the situation that happened to him simply showed him that he is not the smartest here. It would be better if he put the money at a small percentage of return, and not engage in such nonsense, although we all know that banks also have a chance of default and there is no good place anywhere so that there is no minimum risk.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?
Who would like that odds? I mean 1.01? I will never bet on that kind of odds as there are still chances to lose that one and that's what happen here to this big whales who think that he can out smart or he is just so unlucky and lose it.
And it just shows how sports betting it, we don't know what will be the outcome even if the spread is that huge as any teams can make a huge comeback and that's what happen here, just a point is enough for the Jaguars to win.
The main thing on what these bettors that they do really have in mind is that with this kind of odd then they are thinking a one side game or would really be that sure win.
They would really be betting everything that they do have on which its not really that recommendable on this way because there's no such thing about 100% winning or sure win
on this betting world. As long that chance doesnt drop to zero then there's always that possibility that you would really be able to lose up a certain bet and that would surely a big regret into your life
specially you do make that all in bet.
