I saw a couple of other big bettors at the casino yesterday. It got me to thinking about why somebody would risk so much on a single bet. The reason is simple. Time. If a gambler wants to make $5,000 per day, then that means he has to have five winning $1,000 bets, ten $500 bets, fifty $100 bets or one hundred $50 bets.
While it may seem risky because of the high stakes, making 5 winning bets is more likely than making 100.