Greyhound trainer Graham Calvert, 28, from Houghton-le-Spring, near Sunderland, said the company failed in its "duty of care".
But Mr Justice Briggs ruled on Wednesday that William Hill was not liable for the losses.
This is gambling the likes of Charles Barkley haven't seen. How could this man lose the equivalent of 4 million dollars? Double or Nothing is not always a good decision. The man is now ruined. It isn't worth it.
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