I have seen various topics discussed in here about their bankrolls or budget and whatnot when gambling. Well a
French national just wagered $30 million to a bet about the US election. Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?
No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.
That's your take.
It is indeed a huge amount of money at least for me but this simply shows how confident they are of their finances. We saw stories of big bets from rich individuals and one to mention is Drake which often loses. I don't mean to offend you but maybe you are reacting this way 'coz you're not on their level, and I am as well not but I choose to have their way on their own. I just look at these numbers as a pinch from their wealth and even if it is a big chunk, that's for them to stress out. But I do get this, it is indeed possible to for betting activities to affect the result of the elections knowing how big the community is from this industry. Gambling habits can only be controlled by the bettor himself especially with decentralized betting sites wherein authorities has no access of.
No matter how rich I get, I do not think I would be risking throwing away $30 million.
I like to look at this from a different perspective. That's, I look at the percentage the gambling is staking or staked. It could be just an infinitesimal amount. If the $30 million was less than two percentage of their worth, then I don't think it was a great risk. Another's peanut could be someone else's avocado. It's an illustration but that equally applies to amount of cash as related individual gamblers. Any gambler who considers percentage won't overstake and that's reasonable.
Or whether they are being a problematic gambler or not, the only thing we could do is to prevent ourselves to adapt such betting behavior. We do have different tolerance with the amount we gamble and that implies as well with our loss. Regardless, they have to endure it if the outcome is in contrast with their bet since they're the one responsible of it.