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Making a bet with odds of 1.01 maybe for those who have big money it can still be done because at least it can give a little bigger return but for small-scale bets it doesn't mean anything, for example when we bet at that odds with $100 then the winnings we will get are only $1 and that for me is not really worth it.
Even though it can get an instant profit but something like this is definitely not gambling and it doesn't fit into my version of gambling so I prefer to avoid this because not only do I not like this scheme, I also realize that I'm gambling with small money so there won't be any fun even if I win with odds of 1.01.
The question is whether the odd 1.01 is worth the risk which is irrespective of the bet amount because the rewards will be based on the bet amount, if it's 100 dollar bet we will get 1 dollar more, the same goes for 1000 bet which will give us 10, so in my opinion it's too big a risk for merely nothing so it's better to take high risky bets with low bet amount than these and in those games even one win can give a decent chunk.
I completely agree with you bud, I would rather bet on a game with higher risk but with better odds then bet on a game they is less of a risk with a low odd of 1.01, in real sense, this bet is way more risky than the other bet with a higher odds but with higher risk of losing.
Sometime ago, we have had a discussion on this board about a gambler who betted around $1.4 million dollars on a game of 1.01 odds to potentially make around $11k in profit, but unfortunately, the game was lost and that was how he lost his money.
Now, imagine losing $1.4 million dollars in the process of chasing just $11k, this is absolutely stupid of I am asked, what exactly do I need $11k for when I already have $1.4 million dollars? It's true that $11k is enough to change a person's life, but honestly speaking, this amount of money is not worth the risk of losing $1.4 million.