Post
Topic
Board Gambling
Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
by
o48o
on 03/08/2024, 22:34:42 UTC
Well, as much as I agree with you, I would still say that if he had won, the profit he would have made is not as decent compared to the amount of money that was astake, you should really think about this, what the gambler would have won is around $11,000 dollars, while the amount of money that was astake was 1.4 million, this is a foolish bet to be honest because I personally can not risk $1.4 million dollars for a mere $11,000.

But on the other hand, I perfectly understand why the gambler possibly took this bet, he probably thought it was a sure game, so making a quick $11k dollars was the goal for him, but unfortunately, seems he forgot that regardless of how small a game odd is, the chances of the gambler winning is still less than 50 percent.
But there are several pretty much guaranteed ways to make profit from $1.4 million. They might not be instant, but if you want make $11k cash fast, just freaking take it out from that $1.4M and invest rest of it to something relatively safe, and prefereably to something that gives you dividends. Then just wait for a while.

That way one wouldn't put whole investment in danger, because most investment opportunities out there wouldn't include the tiny risk of losing everything over night. In investment world there are regulations to protect investors. And i am not talking about crypto investments here.