Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone can be that unfortunate guy.
Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.
One of the issues I have with many people is that they are always looking for a sure thing, not realizing this does not exist, even an activity as harmless as getting out of bed still has a risk, as a person may fall and break a bone or two, so many people gamble by taking those kind of low odds thinking there is no way they are going to lose, and when this inevitably happens they may even claim they were scammed, when the truth is that they were simply unlucky.