Two Polymarket traders have incurred significant losses totaling nearly $10 million by placing large bets on sports markets with odds ranging from 48¢ to 57¢. Trader 0x4924 made 346 predictions with a win rate of 46.24%, resulting in a loss of $5.96 million over 24 days. Similarly, trader bossoskil1 placed 65 predictions with a 41.54% win rate, losing $4.04 million in just 11 days. These outcomes highlight the risks of making substantial directional bets at approximately 50¢ odds, which are akin to coin flips, leading to rapid financial losses.