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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?

Oh man. I think there is no point in over-analysing all of this. Poor guy just had a BAD DAY! Hahahaha

In cases like these, we need to discuss and find solutions so that people who intend to make these types of bets don't do it because they will realize that these types of bets are not profitable and have a high risk, even though people who like these types of bets think that there is no risk. So when a person is thinking about putting a lot of money on a bet with odds of 1.10 and reads everything that was posted in this thread, even if that person was convinced that they would be making a good choice by betting on the game with odds of 1.10, they will not bet when they read the comments that were posted in this thread.

Many times, people make bad decisions because they didn't have other advice to listen to, and this section has good advice, so we have to continue giving good advice. and about having a bad day, I think that was not the case for this person, he could continue making these types of bets with low odds, but it would be enough for him to lose one bet, something that would be inevitable for him to lose all his money. so he did not lose money due to bad luck or because he had a bad day, he lost money because he did not have knowledge and an effective strategy in sports betting

Its a no brainer actually but there are really those people who are really that ridiculously thinking that they wont really be able to lose on just basing up on the odds that it is really that impossible on which as long those chances wont really be dropping to 0% then there's no way that you could really be having a risk free gambling or betting. So it would really be that just right that you should always take up some considerations when it comes on losing no matter how low the odds are. There are really just that gamblers or bettors who are really that becomes that too confident about their bets despite of those odds.
1.01 might sound that a sure win but its not. If you would really be that putting up all in bet or simply the amount that you cant afford to lose then it would really be that a huge problem on you on where you have lost
up everything with that bet or particular stake. This is why you should really be that careful on whatever decisions you would really be that making into. Gambling or betting is really that risky and there's always a chance of losing no matter how small it would be. Self realizations and having those kind of control is really that mainly needed on this particular time. Basing up on op then 1.4M bet isnt something that small amount that we are talking but assuming that a particular gambler do able to make out such big amount of bet then this guy is probably a rich people.

Making up some decisions basing up on doing bets should really be taken up responsibly. You cant really just that putting up yourself on doing blind bets or being that too confident because it would really be that your
demise if you would really having that kind of approach. You would really be just that basically making yourself having this kind of aspect on where you would really be that trying out to take such
step on which you do believe inside that you are really that having kind.

There is an scenario in which it would it would make some sense to place such bet, or maybe more than one to be honest - for example if you desperately need to multiply the money, for debts, and these can get very large and the larger the more dangerous so 100 and zero are the same if you cannot pay. Another scenario is if the player has the change to place many more similar bets and statistically could win.