If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.
There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.
I agree with you with the main part. But have to mark that there are situation when the casino mistaken. It is true mostly for low leagues with bet limits and casino mostly make a return of the bet, but i`ve got tasty odds and win on such events.
Here i don`t think that there is a chance of a mistake, but i meant that i will try my best to be sure that it is impossible to lose such money.
Yes we can assume that it's a mistake or even intentionally made by the casino itself to make bettors confident in the possibility of winning, but basically we don't know how to verify that about the casino with its research, the lower leagues are more difficult to predict in my opinion, unless you really understand the team that is competing compared to the betting provider itself, maybe you will be more able to take advantage of the opportunity.
$1 million is a lot of money, it might even take us a long time to collect it, I also can't lose that much money in betting, but it's subjective about the risk each bettor takes.
If i will bet $1.000.000 even with such odds, i will analyze everything i can, even if someone ate an ice-cream a day before. For someone it can be just a standard bet, someone can make 10-20 such bets per day. Without additional information we can`t count the result.
There is no way for us to know if this gambler has done his own research before placing that bet but what's for sure is that the odds can't be lower than 1.01.
Also, we should not forget that the odds providers do their own research too and they are definitely more resourceful than any regular gambler. So, it's unlikely that he will find an information that the odds provider doesn't already know about.
When it comes to gambling, whether or not the gambler carry out any form of research before placing the bets is not important and that is what makes the big difference if the gambler depends on just luck even though he has made a lot of game's analysis, this is why sometimes, analysis seems to be worthless and only luck can give the winning, this is very important because at some point we have all experience a similar loses even though we made a lot of analysis, their will fail at some point and when that happens, luck becomes the only considerable factor to determine who wins and who lose.
Like in the case of this gambler, for him to have committed such an amount of money on the bet it show's that he have a lot of analysis about the games and looking at the odds you should know that he did have such plans as winning by all means, but luck was ont on his side that day so he lost the entire amount.
In my country there are interesting words about gaming: "There are 2 kinds of players. First think that it is silly to pay huge money for gaming. Second think that it is silly to think that such sums are huge."
For the main part of the gamblers it is huge money. But just suppose, that it is like to bet $5-1$0. The sum that willn`t be critical for you and you can make about 5-10 such bets per day. After it think about his strategy.
Of course i can`t say that it is true. It is just one example how he can think and bet.