Was the $350,000 world cup gambler insane?

I was amused to read the story here on Two Little Fleas about the US gambler who nearly lost $350,000 on a football match, all for the comparatively measly return of $20,000.

Reckless, no doubt, was my first thought. Certainly I am very confused as to why someone would decide to gamble so much money for such measly returns. However, I then had the thought that maybe the rush and thrill of having so much at stake would be so brilliant, that the euphoria you experience whilst watching the match would make it worth it.

What do you think readers? Are there any advantages to gambling so much dough? Is there a great thrill to be had? Or was this just plain insanity? TLF would love to hear from you, so let us know what you think in the comments below!