Updated November 17, 2019 — With the Houston Astros in the 2019 World Series versus the Washington Nationals we got to see the newest big wager on a Jon Price scale of $3.5 million dollars. Something we covered right here at the Sports Information Traders news Desk (see Mattress Mack Sports Betting Wager on the World Series article). We talk a lot about big bets placed here. Jon Price of Sports Information Traders was featured for his million dollar win on Floyd “Money” Mayweather over Manny Pacquaio where he told the entire world that he was placing a huge wager on Mayweather and everybody who wants to also make money should follow in his footsteps. Later on that big wager got him some headlines and into a list of the top 5 living gamblers list. Another story put Fred Smith of Fed-Ex ahead of him where Smith wagered the last of the companies money at the Blackjack table to ensure the companies survival.
“We do think sports betting is losing its taint,” Wood said. The fund manager sees more states turning toward legalizing sports betting, especially as many face huge deficits, Wood said. Whether your goal is to be a sports betting pro, or just earn a little money on the side, the first step to winning is to stop making –EV bets. If you understand what expected value, -EV, and +EV mean, go.
Today we will talk about another set of great gambling stories that don’t all involve Sports Betting or the legend Jon Price. Below are some of the best gambling stories to read about on the internet and winning tickets cashed including one wager that took 11 years in the making:
1) From $0.00 to $17 Million Dollars by Archie Karas’
The Greek waiter was dead broke. He borrowed $10,000 and was fully leveraged to play heads up poker. He did so downtown Las Vegas at Binion’s Horseshoe and beat out the 15 best players at the time. To keep the good luck running at the Horseshoe he went on to play Craps. Hit a lot of points, hard numbers, and turned that $10,000 into $17 million. He was banned from almost every casino at one point and would bet $100,000 on a single dice roll to get his fix. The “Streak” as it’s known in gambling and betting circles lasted 3 years but Archie gave it all back shortly there after.
2) Betting The House on a Soccer Match
Back in September of 2001, a die-hard Tottenham fan bet the house (literally). His entire mortgage was on the line and with the opponent Manchester United down 3-0 going into the second half he was certain the bet he placed all to impress his girlfriend was about to pay off. What he didn’t expect was a Tom Brady Super Bowl 51 comeback where Manchester scored 5 goals in the second half and left him homeless and single by the end of the game.
3) The U2 Bet with odds of 6,479 to 1
A Welsh man across the pond bet back in December 1989 at Ladbrokes betting shop that Cliff Richard would be knighted, that U2 and Bono would still be around,a dn Eastenders would well forever be on television as well as Australian Soaps Neighbors and Home and Away still being broadcast on British television in the year 2000. Well they all came to fruition for this odd proposition bet and paid out over $200,000 or £194,400 for our English readers.
4) $75 Million Dollars Made by Illegal Asian Betting Syndicates
Organized Crime is not something to play with. Football matchups were experiencing serious blackouts back in the 1990’s and many knew something was up but couldn’t prove it at the time. Bookmakers paid out big time with over $75 million dollars lost as bookmakers paid out based on the final score of a game if the game was abounded even if it were due to remote controls being used to cut the floodlights.
5) Gambling On your Own Horse
Mike Futter a well known international gambler who runs bingo halls in Ireland and likes to play the ponies. He bet on Monty’s Pass 14 years ago in the Grand National. With over $1.3 million in winnings that day ranging from $6,000 each way @ 33-1 odds to $12,500 each way at 20-1 odds. The Preakness, Belmont, and Kentucky Derby gets some action like this but it rarely hits the headlines.
6) William Lee Bergstrom’s Million Dollar Craps Bet
Gamblers like Mike Futter love horses and Texas Horseman and trader William Lee Bergstrom is no different. Being known in circles throughout Las Vegas as the “Suitcase Man” he appeared at Binion’s Gambling Hall in Las Vegas back in 1980 with a plan. The plan was that the casino would match any wager that he placed as long as it was his first wager and not an add on, double down, or retaliation bet. He had two suitcases and the first was filled with $777,000 and he won based on a don’t pass roll with the shooter crapping out with a 7 before the point was made. Later Bergstrom returned and this time bet $1 million dollars on the don’t pass line. The first roll was a 7 and he instantly lost the million dollars. He later commited suicide in Texas where he owned an apartment building in Austin and asked Binion to be remembered as the “phantom gambler at the Horseshoe” Casino. Rumors surround around his death being from a lost lover and not from gambling as he was up over half a million dollars at the time of his suicide.
7)Mr. Ye $125 Million in Lost Bets
Zhenli Ye Gon’s betting habits will always make you feel better. A near record but not the biggest was his losses of over $125 million dollars to Las Vegas, Nevada casinos. The money came from illicit gains in drug dealing and thus has landed him in jail. When his home in Mexcio City, Mexcio was raided over $200 million in cash and assets were seized. He’s also believed to have the largest recorded wager of all time.
8) Caesers Palace Says Keep Terrance Watanbe’s Glass Filled
![Money Money](/uploads/1/3/7/5/137584933/897590435.jpg)
A story that made national media attention when in 2007 midwestern business ownner terrance Watanabe just could not win. He pulled every marker possible at Harrahs properties and blew through $127 million dollars that he tried to later regain in an unsucessful lawsuit. Took him 20 years to inherit and build and only a few years to lose it all. If only he had taken up sports betting.
9) $15 million Dollars Today
Back in 1903 money had a different value to it. The Hermit’s Pride was a group of professional gamblers who bet on horses back in Ireland and won in what is todays equivalent of $15 million dollars.
10) Swimming the English Channel
This is the saddest of the stories. Back on 08/24/1875 captain Matthew Webb was the first human to swim the English Channel. When the need for money arose he tried to swim across Whirlpool below Niagra Falls for $10,000 but never returned…
11) Gambling tycoon Kerry Packers Coin Toss = The Biggest Bet ever paid out in Gambling Terms
While business wagers and hedge fund bets such as the 2008 CDS (Credit Default Swap) Shorting was over a Billion dollars paid out on a single wager when it comes to gambling that tile goes to casino tycoon Kenny Packer. Australian Gambler and media tycoon Kerry Packer loved to gamble and was a close friend of Jon Prices who discussed betting strategies with him quite often. He’s lost over $50 million dollars in under a year and his worst streak was $28 million during a 3 week losing streak back in 1999 over in London, England.
12) Mattress Mack Hedges a World Series Bet with $3.5 Million on the Astros
While he was known as a furniture store owner and die hard Houston Astros fanatic Mattress Mack said that he would give out free furniture to those who bought if the Astros won the 2019 world series. This got him quite a bit of publicity and he almost cashed in his winner and had to use his insurance policy that he took out in case he had to give away free beds and sofas to the greater Houston area. In the end however the Washington Nationals defeated the Astros in 7 games and the biggest bets that he placed in Biloxi, Mississippi and in Atlantic City, New Jersey sportsbooks were never cashed in. ,
For more great sports betting news and gambling stories sign up above.
11/17/2019When you ask random bettors what they think about online sports betting, many are often of the opinion that sports betting is just like a little kid; the more gifts (money) you stretch at it, the more it smiles back at you.
But is this really true? You may wonder. Well, if there's anything we've learned from the history of sports betting, it is that your chances of success aren't always directly linked to the magnitude of your stakes. In fact, while some people have struggled to win anything even with their big stakes, many others have staked very little money and won millions.
So instead of likening it to a little kid, a much better comparison would be to say that online sports betting is like a young lady, and the more you know about her, the better your chances of winning her over.
So if you've got very little money to go on, but you'd like to still win big at online sports betting, then you should know that your dream is pretty much realizable, only that you’ll need to think out of the box.
That said, here are the tips you need to follow whenever you want to stake little and win big.
Try to amass a significantly high number of odds
It goes without saying that for your winnings to flow like rivers and success to grow like grasses in online sports betting, you need to master the art of odd readings. What exactly does that mean, you may wonder?
Well, what it means in a nutshell is that in order to win big from small stakes, you will need to amass a great number of odds. To do this, you should always look to select those games or events that carry heavy (big) odds. Although these sorts of games often come with greater risks, they’re your best bet to reaching your ultimate goal. The logic behind this reasoning is that when you amass a significantly high number of odds, your overall accumulation increases, leading to greater stake value and potential winnings.
Case study:
If the odd on Manchester City winning an EPL game is 1.24, and the odds of Sergio Aguero scoring is 1.84, you’re better off betting on the latter, even though it seems riskier than the former. By the time you apply this approach to about 5-6 games, you should have amassed a huge number of odds in total, huge enough to significantly multiply any amount of money you’re staking.
Choose a reliable website
If huge wins on small stakes are what you are looking for, then you need to be ruthless in your search for a betting website. The reason for this is that while some websites have got a multiplicity of options for you to bet on, several others only have limited options available.
For someone looking to multiply their stakes significantly, you cannot afford to have your options limited by a website.
Take for instance, that you want to bet on multiple games, but your website only has games involving a selected number of leagues, what do you think would be the fate of your bet? Well, your chances of winning big with your small stakes are already inhibited because your choice of games will be greatly influenced by what your provider has to offer. It is in this light that many successful sports bettors recommend playing Judi Online Spbo with a reliable and option-packed sports betting website.
Case Study
Let's say you wish to add some bets – on the players to score in some particular games – to your betting slip, but your betting website doesn't offer this option, you'll have no choice than to opt for other options, many of which might carry more risks than your primary options.
Focus on a specialty
Without any doubt, it is great fun to bet on a range of games and sports, but successful bettors often focus on a specialty. For example, you may have a great history of wins while wagering on football or rugby. Similarly, the Super Bowl may be a record-breaking event for your online betting timeline. Some bettors are great at point spreads while others do well while predicting overs or under or draws. Everything boils down to identifying your core strength and capitalizing on it if you want to become a truly successful bettor even with small stakes. At the same time, you can deviate from it periodically to try your luck, keep the excitement on and explore a new area of expertise.
Learn from your mistakes
Even seasoned bettors are at risk of losing or making mistakes. The fact that you are able to accept them and see them as a lesson goes a long way in making you a solid bettor in the long run. Identify the areas where you went wrong and try to understand the alternative actions that could have got you better results. Assess your risk factors every time you place a bet because a responsible approach is essential to survive and have a lucrative run for the long haul. Also, remember that learning in the betting domain never stops because it is evolving. So you should keep pace with the latest technologies and trends as well.
Real Money Sports Betting Apps
Bet on multiples
Alternatively, you can win big from small stakes by betting on multiple games. If you don't feel too comfortable with placing your bets on heavy odds games, you can go for the simple (small) odds games. In this approach, you'll need to study and understand extensively the sports, teams, matchups, history, and players involved because you may need to spread your bet across different countries, leagues, and divisions. Although the chances of winning big are quite high with this strategy, you need to be extremely careful with your choice of bets because the risks are quite huge as well.
Big Money Sports Betting Games
Case Study:
Instead of betting on just NBA games if you were staking a huge amount of money, you may need to choose games from NBA, EPL, NFL, Boxing, Horse racing, and lots more, if you have a small amount of money to stake and you want to use the method of multiple games. Alternatively, you can also bet on just a singular sport (say football), only that you may need to diversify into different countries or leagues (say EPL, La Liga, Serie A, Bundesliga, and so much more).