Quote from: Fivestar4everMVP on Today at 01:49:22 PM

Quote from: dwyane36 on August 06, 2024, 04:22:43 PM

Quote from: mak013 on August 06, 2024, 12:42:21 PM

It`s money management. If you want not only to play for process, for emotions but win - you must have strategy and follow it. Here we just see one big lose but we don`t see the full result. May be he made more than 1000 success bets with such odds and it means that his strategy is ok. I`ve seen how guys tried to catch odd 100 and i saw how they won.
As for me - i prefer make the same bet for all matches i analyzed and it depends on my "bank" - the sum i use for gambling. There are some other details, but it is just an example of strategy.

Making more than 1000 successful bets doesn't sound plausible even with such small odds. At least for me, a strategy with such low odds was almost always ineffective, as losses occurred much more often than expected. For example, 2 losses per 100 bets with such odds were not uncommon in my case.

I have to completely agree with you bud, and this is because if we check it well, even the profit that should have been made from this bet assuming the player won it, is not even worth the amount of money that player staked on the bet, which he lost as we all can see.

This I believe I have mentioned sometime before here on this discussion, I am a type of person and gambler that like or love to compare possible reward and the capital being Staked to potentially get that reward, If the reward is too small compared to the amount of money being put to risk of losing, then I often usually don't see that as a good bet.
What I do see as a good bet is when risk and potential reward tally, that is, if one win such bet, he's happy because the reward is worth the risk taken, but if lost, he bares it and try again.

Risking $1.4 million dollars for a potential reward of just about $11k is totally off sided for me, a very foolish risk to take.

Dont know on whats on their minds on why they do really end up on that kind of betting consideration in trying out to compare or trying to look on the potential winning and the potential money that they could lost, or simply with the risks management thing or in concern then there is really no balance or simply its not really that worth on taking up such step or such bet. Well, its their money to be used then its up to theirs if they would really be able to bare up with the risks involved. There would really be no issues since its their money, it is really just that something that gives out some questions on how the heck these gamblers or bettors do make out such bet without even trying to think whether its worth or not. Even if we do say that this guy is really that a millionaire but if he would really be continuing such habit
then it wont really be shocking that he would really be sleeping on the streets.

As long the odds wont really be dropping to zero then it would really be that understandable that odds of losing is really there no matter how small it would be.
Even myself as a millionaire wont really be tending or trying out to make bets on 1.01 bets no matter how it do looks 99% winning rate of a certain game.
We do know that shitty upsets could happen and could fuck you up hard.