https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.
It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)
I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!
what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?
I will never forget this one. The reason he placed such a big bet is because he’s confident it will hit. Would you place the same big bet on the opposite side? Of course not, right? Unless you’re the most reckless person in the world. But even if you were the richest person in the world if you’re not a risk-taker, you wouldn’t bet against 1.01 odds. What do you think people feel when they lose a bet at 1.01 odds with that huge amount like let’s say they went all-in and lose.