Greatest Gambling Losers

[Debonaire217]

Many believes that winning always favor the houses, but there's still many who believes that in a certain point and chance, they could take the win. There's nothing wrong with that, what is wrong is when we have a losing streak but still continues to play anyway.

Have you ever wonder what happens if someone bets a huge amound of fund, the same way as those who betted all in in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.

I've read this artcile What Happens to the Biggest Gambling Losers? stating some instances of biggest gambling losers.

10. Chun Lei "Samrostan" Zhu - Lost $15 million

lost about $15 million while he learned the ropes playing high stakes poker online.

There's nothing wrong about learning new a game or strategy, but be cautious and try to bet gradually.

9. Akio Kashiwagi - Lost $19 million

in 1992, he was found brutally murdered in his home near Mount Fuji, stabbed over 150 times.

Spending too much in a casino especially putting yourself into a huge debt from a variety of casino could risk even your life. Learn to bet an amount that you can afford to lose from your own pocket and do not risk funds that you aren't sure if you have the capacity to pay.

8. Gus Hansen - Lost $21.7 million

He has accrued $21.7 million in online poker losses at Full Tilt.

We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.

7. Kerry Packer - Lost $30 million

he would place enormous wagers on the roulette wheels of London’s Crockford’s casino, only to lose on all of them.

Despite of his huge loss in gambling sprees, Kerry Packer is known to still have huge assets and $30 million is just a small amount for him. This is the ideal gambler for me, since he know that he could still live in peace even if he lose a huge amount.

6. Michael Jordan - Lost $? million

he lost $2.5 million in six hours of playing blackjack. It is also rumored that his first retirement was actually a secret suspension from the NBA.

Knowing that we have a very popular image, becoming a gambler could impact how the way people see us in public. Perhaps, being a politician or a person who handles financial insitition could induce doubts for people to believe on us even if we really don't have an intention to gamble even a part of funds that doesn't belongs to us.

5. Archie Karas - Lost $40 million

In 2015, he was caught cheating at a San Diego-area casino, marking cards. He was also caught cheating by fixing chips

He was believed to turned $50 dollars into $40 million by playing poker. With years of playing, he lost it all and found out that he was cheating in casinos. There's nothing wrong with losing because there's always a time to stand up again and play. But there's no hope if we got banned from casinos through cheating.

4. John Daly - Lost $55 million

While he won an impressive $35 million, he lost and even more staggering $90 million, working out to a total loss of $55 million.

After losing, John Daly switched from $5000 slot machines to $25 ones. There's nothing wrong by playing in moderation, it means that we are learning from our mistakes and it is a way to stop the impact of a huge losing streak. Our goal in gambling is not just to be rich but to experience the fun in it. $25 slot machine is still a slot machine right?

3. Omar Siddiqui - Lost $121 million

Even as he earned $225,000 a year, he once lost $8 million in a day.

He played at the Venetian and MGM Grand while having a multi-million dollar debts from other casinos at the same time. It was also said that he used $65 million from his company in gambling. If we could think of a way to pay out debts, gambling is not the best idea, as it could put us down to deeper debt if we didn't succeed.

2. Zhenli Ye Gon - Lost $125 million

Between 2004 and 2007, Zhenli gambled away over $125 million – in cash. He was among the largest up-front cash-only players at the Venetian and in Las Vegas in general.

After losing $125 million in gambling, in 2007, Zhenli's home in mexico was raided and authorities found out a huge amount of drug money. It's a big learning for us to always use a clean money in gambling. That's why sometimes, casinos have bad images, since movies are showing big gamblers who gets their money from illegal activities.

1. Terrance Watanabe - Lost $127 million

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

He was said to lose for about $5 million a day playing 24 hourse in casinos and with this, he was burried to dept. IMO, it impacts his health allot with the lifestyle he lived, that he got a cancer. As a gambler, we should take good care of ourselves and spend a most of our time than gambling. Money isn't always the solution for happiness, perhaps, bonding with our family is better and building memories with them are the treasure that we can keep forever.

[1715118985]

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[ralle14]

The last guy's case feels like a gambler's nightmare losing everything, borrowed money to the casinos and it affected his health too. Number 7 was the least worst as he was one of the richest person in his country.

I don't get how Michael Jordan ended up in the middle spot when his losses was unknown.

I remember there was another former nba player that lost a lot from gambling but I couldn't find the thread.

[swogerino]

Those are some huge amounts of money to be lost in gambling.I don’t understand the guys who didn’t have debt and played online or offline gambling and lost these huge amounts.Anyone could have lived a peaceful and joyable life and even secure their children or grand children lives.I guess once a gambler always a gambler.

[Genemind]

Most gamblers listed had won some decent amount and ended up pushing their luck due to greed and lost double pf what they have won. Gambling can lead to something tragic like #9 Akio Kashiwagi there are numbers of cases related to gambling that lead to crime due to casino debt. Gambling problems should be taken seriously, or else it could end up tragically. It can ruin your life and even the lives of people close to you.

I guess this is worth reading, especially those who are planning to gamble full time.

[Twinkledoe]

Most gamblers listed had won some decent amount and ended up pushing their luck due to greed and lost double pf what they have won. Gambling can lead to something tragic like #9 Akio Kashiwagi there are numbers of cases related to gambling that lead to crime due to casino debt. Gambling problems should be taken seriously, or else it could end up tragically. It can ruin your life and even the lives of people close to you.

I guess this is worth reading, especially those who are planning to gamble full time.

Most of them are already degenerate gamblers so no doubt they will spend again all their winnings in gambling. But if you are a responsible gambler, don't let yourself be in deep debt just to satisfy your desire to gamble. Because if you will follow what you want and not what you should do, you will end up broke and in misery.

[Timelord2067]

Interesting list - I've heard of a couple of them (especially Kerry Packer who won and lost, then won again) It'd be interesting to hear about some of the "big" losses incurred by people who'd committed fraud either from their employer, or loved ones to get the funds to gamble other people's livelihoods away.

[Mauser]

8. Gus Hansen - Lost $21.7 million

He has accrued $21.7 million in online poker losses at Full Tilt.

We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.

Poor Gus Hansen, he is an awesome gambler, not only a poker pro but also in an oustanding Backgammon player. Unfortunately he played to loose and didn't have a proper strategy for playing high stakes cash games online. He was is a great tournament player and an awesome showman, that is why he we could see him playing so much online. Just remember the time when he went all in every round and crushed all the other pros. As a disciplined poker professional you should never do that, but still it's just awesome to watch such a match. Definitely one of my favourite players.

[Finestream]

Those are unlucky people in gambling, they lose that big amount of money which could already change the life of an ordinary gambler.  Actually as a gambler it does not interest me at all, what interest me is to see people winning in gambling as that inspires us to gamble more and never give up, seeing this might make us realize that we have no chance to win and just stop as soon as possible to minimize loses.

[mu_enrico]

4. John Daly - Lost $55 million

While he won an impressive $35 million, he lost and even more staggering $90 million, working out to a total loss of $55 million.

After losing, John Daly switched from $5000 slot machines to $25 ones.

OMG, $5,000 slots machines!? Yet I only play with $0.1 - $2.0 range
Okay he won $35,000,000 or 7,000x but after doing 18,000 spins ($90,000,000) lmao!

He should have chosen low volatility one

[Tipstar]

Talking about loss in crypt gambling. The most I've seen from any ID is PredictableLegacy from bustabit.
He have deleted his ID but the leaderboard of that site put's his final balance to 1278 btc in loss. That makes about 14.8 million on current bitcoin price.
It's about 1 ID on 1 site. Could have multiple IDs and could have played on multiple sites. We don't know his name so could be any of those or any of us.

[shoreno]

so refreshing to see losers in gambling because often posted here are usually winners  . if there are big winners there were also big loosers but it would be more suck to win millions and then loose millions or more than that  . one on the list said turned 50 usd to a million dollar ? dang thats legendary but it turns out that he is only cheating  . know we know why , but its still possible to turn small cash to huge playing gambling in a fair way but the chance is small and the winnings are not exaggerated  .

[maydna]

That list is only a small portion of the losing gamblers, and I believe that there are many more losing gamblers, but they don't get publicized. Somehow, I prefer to hide how much money I already lose in gambling because it is not good for me. Besides that, by losing that much money, that means I can't control myself better and makes me lose too much money. I never wonder what happens with someone if he bets a huge amount of funds because I think that will be the responsibility of every gambler.

[alani123]

Cases in the OP certainly make good stories, but are nevertheless hard to verify. Perhaps the volume of losses has been greatly exaggerated in some of these for whatever reason, and we'll never know.

Crypto sites have more reliable stats IMO. Bustabit has its top losing account listed as having lost a total of more than 1200 BTC for example. And all bet results are stored and publicly displayed too.

[Japinat]

A gambler losing million are also millionaire, so I guess they can afford to lose that amount.

Michael Jordan in the number 6 on the list only lose 2.5 million usd, I think this man is a billionaire so he can afford to lose that amount.
Also, we are just talking of loses only, these gamblers are surely winning also in their lives as a gambler, so it's not really a big deal, unless they lose money that ruin their lives because they are irresponsible.

[avikz]

These are classic examples of gambling addiction and sheer greed. Sorry, can't portray such losses in a better way! It takes a lifetime to earn a million dollar but it takes a second's decision to loose them all!

But these people are exceptions in the gambling community and I am sure majority of the gamblers know where to stop!

[semobo]

Greatest gambling wins vs losses, there is something we need to learn from this mostly from the losers stories because this helps us to realize how fast we can lose our money while gambling and I am sure there are lot more untold losers stories are available because people doesn't really expose their losses but with this we need to learn bet with the money which is affordable for you or else you will be in huge debts and the entire life is not enough to pay those debts.

[rhomelmabini]

So far, the most tragic loss in all of the OP was number 9, Akio Kashiwagi look at that poor guy who has been buried with debt and indeed tragic with too much stabbed on his earthly body.

Crypto sites have more reliable stats IMO. Bustabit has its top losing account listed as having lost a total of more than 1200 BTC for example. And all bet results are stored and publicly displayed too.

Could be a good topic too for those who are those gamblers who lost too much BTCs from online gambling. Haven't stumble upon a thread in these board though.

[AjithBtc]

These are classic examples of gambling addiction and sheer greed. Sorry, can't portray such losses in a better way! It takes a lifetime to earn a million dollar but it takes a second's decision to loose them all!

But these people are exceptions in the gambling community and I am sure majority of the gamblers know where to stop!

People who have known their limits and has stopped at the right time has got listed as the exceptions. From the list it is clear that, very few were able to make themselves better out of gambling while majority has buried themselves into debts.

[crwth]

I was actually curious about how much a person could lose money in gambling. I think those people who have gambled and they are in the list, they could afford it. Imagine someone gambling their life savings and hoping for that big win and then losing it. It's not the best idea to have that dream of financial freedom.

I was intrigued with Akio Kashiwagi due to his story. Researched him and found out that he is a "whale" in the casino scene. It's an interesting story with Trump in the gambling scene. It's a great read.

The Whale That Nearly Drowned The Donald

P.S. If you want a better understand and pictures of the people included in the list, open the reference link from OP. You could read the whole article for more information about them.

[bitbunnny]

To my opinion big loss is usually a consequence of big greed and lack of self control. Everyone of us needs to know when to stop and where are our limits. Maybe if you don't play big you can't win big but on the other hand losses are defined individualy so everyone needs to know how big loss he can take and what limits not to cross the would otherwise lead him to addiction.

[Ridwan Fauzi]

Just wondering how they earn money? I mean are they lose their money from they got win in the gambling as well? Or they just spend money from they earn in their job?

I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.

[imstillthebest]

To my opinion big loss is usually a consequence of big greed and lack of self control.

most of them are millionaires because they cant loose millions if they are poor . what they loose is only the money that they can afford (to loose) so dont call them that  .

 Maybe if you don't play big you can't win big  

you can . saw a post before that shows winners that win huge but only bet small or start with small capital but this can be slow or harder to achieve  . thats why gambler risking big bets to win big easily  .

[swogerino]

Just wondering how they earn money? I mean are they lose their money from they got win in the gambling as well? Or they just spend money from they earn in their job?

I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.

You cannot earn millions of dollars from your job.These people either got the money by gambling,cheating or borrowed the money.The guy that got cancer Watanabe is a clear example of how bad gambling can be for your health if you are not prepared for the consequences and only take into account that only good things will happen to you.

[Rosilito]

-
Also, are they still into gambling or they have left it and what do they do now? Would be nice to know their current positions as well like how they lead their life’s after those losses.

Maybe those people who are still capable of gambling like Michael Jordan, and Kerry Pecker. But I'm pretty they are not going anywhere near this field anymore, considering the mess they had with it. Besides, those numbers ain't just a typical loss, to begin with. And it is not something that could be recover easily  .

How's their life? Not sure 'bout those who are still alive though, maybe some were still leadin' a good life like Jordan despite their issue but certainly, majority on the list hits rock bottom. I tried to search about Watanabe's life now, and according to this, he's suffering from health issues and now seeking for some financial help for his medical fees (that he could pay without any trouble at all, before). Fortunately, he received some various help.

[plvbob0070]

It's understandable to see huge losses for gamblers who are rich enough to afford those losses, but what I really don't get is why others will still keep gambling even when they can't even afford to pay debts just like in number 9,3,1.

For me, it's okay to have big greed and desire in gambling as long as you can afford it, that it won't harm you in any case. Excessive gambling will result in addiction and can put us in a bad situation.

[peter0425]

Sorry but "Greatest" cannot be used for losers i believe?i think it is better to say "Biggest losers"? anyway this is your thread and you can use every word you think is right.

Those are really massive losses and do not know how they would be seeing today looking back about such huge losses which they have incurred it. Also, are they still into gambling or they have left it and what do they do now? Would be nice to know their current positions as well like how they lead their life’s after those losses.

Most of them are millionaire or even billionaire that is why they can afford losing that amount,the problem is if they are someone who used their funds just to try luck in one day gambling.

[Kong Hey Pakboy]

It wouldn't surprise me that there are some people who have lost a millions of dollars in the casino because it is the reason why gambling could easily take all of your money, even you are rich if you couldn't control yourself and you have exceeded your limits. It is why I only gamble for fun and entertainment because I have also lost a massive amount of money in gambling, so considering it a leisure time would help me avoid losing money and getting addicted to it again.

[mersal]

Just wondering how they earn money? I mean are they lose their money from they got win in the gambling as well? Or they just spend money from they earn in their job?

I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.

You cannot earn millions of dollars from your job.These people either got the money by gambling,cheating or borrowed the money.The guy that got cancer Watanabe is a clear example of how bad gambling can be for your health if you are not prepared for the consequences and only take into account that only good things will happen to you.

So how millionaires were formed? By cheating? There are few jobs which pays in millions but those are rare like CEO of prime companies like Google.All other people who become millionaires are through business or through investments rarely people become millionaire from gambling rewards.

[bobyhodob]

It's understandable to see huge losses for gamblers who are rich enough to afford those losses, but what I really don't get is why others will still keep gambling even when they can't even afford to pay debts just like in number 9,3,1.

For me, it's okay to have big greed and desire in gambling as long as you can afford it, that it won't harm you in any case. Excessive gambling will result in addiction and can put us in a bad situation.

well the mistake is that some people who cannot control their patience and emotions will be easily affected by such conditions and will certainly make them addicted and want to always do gambling even though they only use a little capital but if it is done every day it can be said like an addiction to gambling.

[carlfebz2]

So far, the most tragic loss in all of the OP was number 9, Akio Kashiwagi look at that poor guy who has been buried with debt and indeed tragic with too much stabbed on his earthly body.

Crypto sites have more reliable stats IMO. Bustabit has its top losing account listed as having lost a total of more than 1200 BTC for example. And all bet results are stored and publicly displayed too.

Could be a good topic too for those who are those gamblers who lost too much BTCs from online gambling. Haven't stumble upon a thread in these board though.

I agree and i do tend to say the same thing that 150 stabbed wounds does really indicate too much hate and anger.These kind of situations do really happen when you do really have a big debt neither
on the casino itself or from other people.

Those mentioned above losses are staggering millions of dollars lost.I cant imagine on how these fellas do really can afford to bet that big and when they do lose then thats where
regrets do happen specially when the situation becomes even more worst.

For sure there are lots that might be bigger on whats listed above knowing that gambling industry is big and vast.

[dothebeats]

This just shows that much of those people who take some loans to gamble don't see their finances going well, and are just flung into more troubles in the end. Oftentimes, if the loaner doesn't seem to see that the borrower isn't capable of paying any money or any properties in return of the loan, they would just commit atrocity to that person which result to the borrower either harmed gravely or even dead. Borrowing money for the sake of gambling and taking your chances is just wrong on so many levels.

[AicecreaME]

Those are some huge amounts of money to be lost in gambling.I don’t understand the guys who didn’t have debt and played online or offline gambling and lost these huge amounts.Anyone could have lived a peaceful and joyable life and even secure their children or grand children lives.I guess once a gambler always a gambler.

Let me tell you this. A parent who has an addiction in any aspects, for example is gambling since it is the topic, will always be a egoistic, self-centered person. He will never prioritize others need (e.g. is his family, parents, or even himself) because all he know is that he should play gambling whenever he likes, whatever amount of money he will risk in playing as long as he is enjoying playing.

Most of the people like this have a terrible life that ended up homeless, friendless, family left them sometimes for them to realize their mistakes and sometimes, they still don't change for the better.

[slaman29]

I don't have references but if you look at some of the royal families in different countries, some of them rack up debts in one day much more than the #1 guy on your list! These guys only gamble at VIP suites in Vegas or wherever and they bet planes, houses, castles. It's crazy about what you read people lose when they just have too much money.

[dimonstration]

3. Omar Siddiqui - Lost $121 million

Even as he earned $225,000 a year, he once lost $8 million in a day.

He played at the Venetian and MGM Grand while having a multi-million dollar debts from other casinos at the same time. It was also said that he used $65 million from his company in gambling. If we could think of a way to pay out debts, gambling is not the best idea, as it could put us down to deeper debt if we didn't succeed.

Gambling is never a solution to pay our debts as we were unsure if we were really going to win again. Those who keep playing even in debts are already into addiction or too proud that thinks gambling will somehow will be favored in them, these debts thing can be their reason to stop gambling if they will just accept loss. It can be their motivation to work well and be efficiently finds way to have gain a profit that will let them pay their debts.

We should not let Gambling eats our system and living like what he did in using his company money for gambling, we must keep the idea of being responsible not just in paying debts but as well in managing our finances even we have an money or job that can supports us.

[YOSHIE]

There are 10 heavy gambling addicts, all with different ways and tricks in their betting.

OP, one thing that is interesting to read, a different experience, I will reap what @Archie Karas said, it is impossible and a dream if the $ 50 gambling money will turn into $ 40 million.
Even if there are 1 billion people gambling in this world only one person has such a fate.

[yazher]

What a lose man! these are some big time lose. I mean, do they play with these huge amount of money? This is not entertainment anymore. This no doubt some way to throw your money. I always thought people sometimes lose some fortune in gambling but losing some million dollars? no way!

You're right, if they just knew they will lose these huge of amount, they could have been stopped before this happen. But shit happens you know that? things happened like this one so that we can learned from them. I mean learned not to be carried away.

[VanityWallets2015]

This definitely portrays gambling addiction and greed taking into the lives of gamblers.
It is saddening to see such huge amount gone because of uncontrollable playing.
Even if they surely afford this amounts, having limitations are necessary.

[Saisher]

Are they still playing and how comfortable they are on their lost if they are comfortable with their losses, they will continue to play at a loss until they haven nothing to lose or they will totally stopped because they cannot keep up anymore, some players are not playing to lose anymore they just want the excitement that comes along with it..

[andycarrol]

woah really? these people really can't do anything with their money or maybe they just have so much money that they doesn't care how much their losing.

[cabron]

The last guy's case feels like a gambler's nightmare losing everything, borrowed money to the casinos and it affected his health too. Number 7 was the least worst as he was one of the richest person in his country.

I don't get how Michael Jordan ended up in the middle spot when his losses was unknown.

I remember there was another former nba player that lost a lot from gambling but I couldn't find the thread.

Mike Jordan is in the middle because its is unknown. 

He is the only name I can recognize, few of the great losers has Chinese names which isn't surprising.  Just losing $1M is something I would regret my whole life but losing $127M is like I could kill anyone who will come my way. Its good that I don't have these much money, I don't even have $20K to lose.

[Latviand]

Those are some huge amounts of money to be lost in gambling.I don’t understand the guys who didn’t have debt and played online or offline gambling and lost these huge amounts.Anyone could have lived a peaceful and joyable life and even secure their children or grand children lives.I guess once a gambler always a gambler.

Gambling is really risky and some people will spend their money as long as they can.

It is addictive and most of the people who engaged with that ended up losing most of their savings. But if you're a millionaire or billionaire,  money is a small thing for you. That's the reason why they reached that amount of money to lose and they are still gambling whenever they want. They have their own will and we can't control them and stop them from gambling immediately.

It takes a lot of courage for someone to stop himself from losing and wasting his money from nothing, instead invest if you're not rich enough to gamble.

[Saint-loup]

woah really? these people really can't do anything with their money or maybe they just have so much money that they doesn't care how much their losing.

Be careful bro when you are in the losing spiral you no longer pay attention to the amounts you're gambling and what they are worth. You are just trying to win back your lost funds whatever it takes.

[target]

If they gamble and lose money of this size, it should mean they have more money than what they've lost. The article proves drugs, alcohol and gambling isn't a good combination.

Losing Millions in a day is already not normal today. Watanabe tried to sue the casino for giving him some drugs and alcohol that he lost $127 million. Somebody gave him $28,610 still when he set up a go fund me page since he is broker and has cancer.  Worse that could ever happen to a millionaire.

[Silberman]

Those are unlucky people in gambling, they lose that big amount of money which could already change the life of an ordinary gambler.  Actually as a gambler it does not interest me at all, what interest me is to see people winning in gambling as that inspires us to gamble more and never give up, seeing this might make us realize that we have no chance to win and just stop as soon as possible to minimize loses.

Don't blind yourself to the truth, while I will like to only see positive stories about gambling and see the names of the winners and what they have done with their profits it is undeniable that a part of gambling is to lose as well, and there are many people that have lost fortunes in the casinos, personally I do not have any problem with those that have so much money that they can gamble a fortune and still be in a good economic position but there are so many people that have lost a lot of money when they cannot really afford it and they have to pay for that mistake for the rest of their lives.

[milewilda]

Those are unlucky people in gambling, they lose that big amount of money which could already change the life of an ordinary gambler.  Actually as a gambler it does not interest me at all, what interest me is to see people winning in gambling as that inspires us to gamble more and never give up, seeing this might make us realize that we have no chance to win and just stop as soon as possible to minimize loses.

Don't blind yourself to the truth, while I will like to only see positive stories about gambling and see the names of the winners and what they have done with their profits it is undeniable that a part of gambling is to lose as well, and there are many people that have lost fortunes in the casinos, personally I do not have any problem with those that have so much money that they can gamble a fortune and still be in a good economic position but there are so many people that have lost a lot of money when they cannot really afford it and they have to pay for that mistake for the rest of their lives.

There  are only two types of losers which is one to those who do really just accept on their fate when they do deal with gambling and the one who do lost it all in terms of all their assets and belongings due to gambling.
It will really be just be mattering on financial capacity and we can really say that they do lost enormous amounts but to think that they are also betting big time.You wont able to reach up that level if you havent neither have the capacity in terms of money or doesnt able to win big on it.This is the sad part of gambling where there are lots who had wrecked out their lives due to this because they havent able to control up their greed and interest
towards it which is really a big mistake.

[ralle14]

woah really? these people really can't do anything with their money or maybe they just have so much money that they doesn't care how much their losing.

All of them had a lot of money at one point but most of them couldn't afford their losses and some of them even borrowed money from the casinos. When gamblers lose a lot from gambling sometimes they get that urge to chase their losses and yes they start to care less about the money they're about to lose. Realization will only hit them once they have nothing left or after the damage is already done.

Mike Jordan is in the middle because its is unknown.  

It didn't make any sense though, if anything he should be in the top 10.

[goaldigger]

woah really? these people really can't do anything with their money or maybe they just have so much money that they doesn't care how much their losing.

Be careful bro when you are in the losing spiral you no longer pay attention to the amounts you're gambling and what they are worth. You are just trying to win back your lost funds whatever it takes.

Its because they gamble using the borrowed money so they have no more choice but to keep playing so they can get back the money they’ve already loss, unfortunately very few gamblers was able to win it back.

Losing the whole capital is a total mess, that only means you don’t have self control and you gamble so much. There’s a lot of losing story of a gambler, most of them are depressed that can lead to suicide if no one helps them. If you’re a new gambler you must consider this and learn to control yourself.

[Saint-loup]

woah really? these people really can't do anything with their money or maybe they just have so much money that they doesn't care how much their losing.

Be careful bro when you are in the losing spiral you no longer pay attention to the amounts you're gambling and what they are worth. You are just trying to win back your lost funds whatever it takes.

Its because they gamble using the borrowed money so they have no more choice but to keep playing so they can get back the money they’ve already loss, unfortunately very few gamblers was able to win it back.

Losing the whole capital is a total mess, that only means you don’t have self control and you gamble so much. There’s a lot of losing story of a gambler, most of them are depressed that can lead to suicide if no one helps them. If you’re a new gambler you must consider this and learn to control yourself.

Yes when you gamble with borrowed money it's certainly even worse because you've no choice as you said but be careful even if you're playing with your own funds you can also lose control and the sense of the value of money. It could happen after having made big gains, you think you can easily win money so you don't pay attention anymore to what you're gambling...

[harizen]

Those are unlucky people in gambling, they lose that big amount of money which could already change the life of an ordinary gambler.  Actually as a gambler it does not interest me at all, what interest me is to see people winning in gambling as that inspires us to gamble more and never give up, seeing this might make us realize that we have no chance to win and just stop as soon as possible to minimize loses.

It's not that they are unlucky in gambling but surely prior to that loss, they also gained big winnings several times.

They don't stop because their winning experience creates a mindset that, why should they stop if they are always winning. And aside from that, they have big money to risks. Unfortunately, it's obvious that not everyday is a lucky one so there will be really a time that these gamblers will lose.

And most of the big losers are rich. Feel sad though that some become an irresponsible person after losing and some involved in illegal activities.

[sunsilk]

That Watanabe guy could lose $5 million every day. I can have an early retirement with that amount but no he's not like that, his total loss of $127 million was sure a big amount of money. No wonder why he has that amount as he's a businessman.

I agree that we should be careful about our health. Mental and physical sickness is hard to deal with. It's his money after all and he can enjoy it with all the luxury in the world but he chose what he thinks was best for him.

[FlightyPouch]

I don't get how Michael Jordan ended up in the middle spot when his losses was unknown.

I remember there was another former nba player that lost a lot from gambling but I couldn't find the thread.

Yeah, I think even if his losses are unknown, I think he should be higher. Michael Jordan's salary alone in NBA is at $30M, that could go in a lot of ways in betting. Another thing is Michael Jordan's shoes are so popular even though he is retired, it is said that he earned $100M from Nike last year. And still, there are a lot of deals where he can still get a lot of money from so a lot of money for him to bet. That $2.5M loss was just last year, we don't know but he might still continuing to bet until now.

[stomachgrowls]

Those are unlucky people in gambling, they lose that big amount of money which could already change the life of an ordinary gambler.  Actually as a gambler it does not interest me at all, what interest me is to see people winning in gambling as that inspires us to gamble more and never give up, seeing this might make us realize that we have no chance to win and just stop as soon as possible to minimize loses.

It's not that they are unlucky in gambling but surely prior to that loss, they also gained big winnings several times.

They don't stop because their winning experience creates a mindset that, why should they stop if they are always winning. And aside from that, they have big money to risks. Unfortunately, it's obvious that not everyday is a lucky one so there will be really a time that these gamblers will lose.

And most of the big losers are rich. Feel sad though that some become an irresponsible person after losing and some involved in illegal activities.

Even with those big wins wont really show off completely on how much they have lost before they do able to make some serious hit.We know that gambling do works on this way and the reality about those

high rollers or wagers are most likely to be on this kind of list where they do lost millions of dollars with just on gambling alone. Some might able to cope or recover up and some do entirely mess up their life because they had make such horrible decisions.

If you do let yourself fall into that greed pit then its neither you would fall and stand up or would totally be having a different life that you do had before just because you dont have money at all.

[TimeTeller]

I don't get how Michael Jordan ended up in the middle spot when his losses was unknown.

I remember there was another former nba player that lost a lot from gambling but I couldn't find the thread.

Yeah, I think even if his losses are unknown, I think he should be higher. Michael Jordan's salary alone in NBA is at $30M, that could go in a lot of ways in betting. Another thing is Michael Jordan's shoes are so popular even though he is retired, it is said that he earned $100M from Nike last year. And still, there are a lot of deals where he can still get a lot of money from so a lot of money for him to bet. That $2.5M loss was just last year, we don't know but he might still continuing to bet until now.

They won't disclose the real amount as he has image to protect with.
But, I am sure he lost a lot in gambling. It is his money so he can do what he wants.
There will be more that will make in the list but a lot of them have private lives.
Like Royals. As much as possible they are discrete with their gambling habits.

[Hippocrypto]

This definitely portrays gambling addiction and greed taking into the lives of gamblers.
It is saddening to see such huge amount gone because of uncontrollable playing.
Even if they surely afford this amounts, having limitations are necessary.

If a person could not control himself towards betting, addiction will always tend to occur. Somehow old and experienced gamblers also undergone this certain situations, but they'll able to cope up and survive as they learned from every mistakes they did. However, with respect on funds that very hard to manage if you're out of debt, because of gambling so you need to work hard in order to recover what you've been losing, specially when the budget is intended for our family.

[LogitechMouse]

1. Terrance Watanabe - Lost $127 million

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

He was said to lose for about $5 million a day playing 24 hourse in casinos and with this, he was burried to dept. IMO, it impacts his health allot with the lifestyle he lived, that he got a cancer. As a gambler, we should take good care of ourselves and spend a most of our time than gambling. Money isn't always the solution for happiness, perhaps, bonding with our family is better and building memories with them are the treasure that we can keep forever.

This is just a proof that life is short and gambling can ruin your life FOREVER.

I can't imagine this huge money that he lost in a casino and what's worse is some of the money he lost came from debt so aside from losses, he must pay these debts and his losses impacted his life a lot that his health is greatly affected too. This is the reason why I don't spend too much time and money in gambling. My future is more precious than the money that I can get in gambling .

[Genemind]

To my opinion big loss is usually a consequence of big greed and lack of self control.

most of them are millionaires because they cant loose millions if they are poor . what they loose is only the money that they can afford (to loose) so dont call them that  .

 Maybe if you don't play big you can't win big  

you can . saw a post before that shows winners that win huge but only bet small or start with small capital but this can be slow or harder to achieve  . thats why gambler risking big bets to win big easily.

This could really be done of you are disciplined and not greedy. Honestly, I have tried doing small bets and I always end up thinking whenever I am on a winning streak, what if I had a higher bet I could have had more. Greed drives gamblers crazy, and it makes people lose common sense and their principles.

[Insanerman]

Many believes that winning always favor the houses, but there's still many who believes that in a certain point and chance, they could take the win. There's nothing wrong with that, what is wrong is when we have a losing streak but still continues to play anyway.

Have you ever wonder what happens if someone bets a huge amound of fund, the same way as those who betted all in in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.

I would still consider some casino players that sells their properties and valuable things just to have something to bet in casinos as the greatest losers of all time. There are numerous yet unpopular events that such people often tend to loan or sell things even their appliances just to have something to be bet on. Though it wasn't costs that much as what are indicated on the OP's list, but it was a much heavier value than having debts in loan alone.

[robelneo]

This definitely portrays gambling addiction and greed taking into the lives of gamblers.
It is saddening to see such huge amount gone because of uncontrollable playing.
Even if they surely afford this amounts, having limitations are necessary.

If you have an uncontrollable behavior in gambling in it's likely that you will not have limitations, those are big figures those who do not know the mentality of high rollers or big-time players can consider this insanity, they are playing for the excitement and they want to extend the excitement, it's like a drug you never know your dosage unless you increase it, they find excitement betting big and yaking the big risk.

[Darker45]

It is always all right to lose in gambling. To a certain extent, that's what gambling is all about. More often than not, gambling is all about enjoying the game and losing. Sure, there are also winners but those are basically the exceptions rather than the rule.

It would, however, be a different story altogether if you are losing much more than your money can afford. Gamblers with piling debts due to their uncontrolled playing, like what Terry Watanabe has gone through, will certainly have their whole lives ruined.

[erikoy]

These people are really weird letting themselves lost in the gambling activities where they can have only lower chances to win. But, I could not blame them because this is their lifestyle and also they are good earners or have greater wealth than the rest of us here so money is not really their problem. These people are probably born rich and does not have any knowledge about being poor. If oy they experience difficulties in life pretty sure that they can be more careful in spending their money.

[peter0425]

Many believes that winning always favor the houses, but there's still many who believes that in a certain point and chance, they could take the win. There's nothing wrong with that, what is wrong is when we have a losing streak but still continues to play anyway.

Have you ever wonder what happens if someone bets a huge amound of fund, the same way as those who betted all in in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.

I would still consider some casino players that sells their properties and valuable things just to have something to bet in casinos as the greatest losers of all time. There are numerous yet unpopular events that such people often tend to loan or sell things even their appliances just to have something to be bet on. Though it wasn't costs that much as what are indicated on the OP's list, but it was a much heavier value than having debts in loan alone.

You can find that everynight in each casino houses,when employees of the casino has a capital to wait for those rich gamblers to make a loan about their cars or even houses just to have money to bet.

i have a friend way back whos working in casino that has already collected expensive Watches and even a car because addicted gambler sells those to them just to make bets again.

[maydna]

These people are really weird letting themselves lost in the gambling activities where they can have only lower chances to win. But, I could not blame them because this is their lifestyle and also they are good earners or have greater wealth than the rest of us here so money is not really their problem. These people are probably born rich and does not have any knowledge about being poor. If oy they experience difficulties in life pretty sure that they can be more careful in spending their money.

I think it is not weird to see them lose in gambling because if they have addicted, that amount will not surprise people because what they want only playing gambling. The addicting will tempt them to still playing gambling, and they will use more money just to fill their desire. That will not be a problem if they have much money as their income, but still, having addicted to gambling will only give more problems to their lives. That is why we always need to control ourselves in gambling games because we can end our lives without having a chance to recover the losing money.

[ReiMomo]

All greatest losers are end up nothing, the same as the story that I had heard.

A guy massacre the casino using the high powered machine gun after the huge loss. The bloody scenario including himself found dead by the authority. Imagine, you'd become willing to waste your life because your brain was eating with addiction.

These OP shared I guess will have a lesson to us not to follow with them.

[yazher]

All greatest losers are end up nothing, the same as the story that I had heard.

A guy massacre the casino using the high powered machine gun after the huge loss. The bloody scenario including himself found dead by the authority. Imagine, you'd become willing to waste your life because your brain was eating with addiction.

These OP shared I guess will have a lesson to us not to follow with them.

I also heard about that story, I mean I saw it on the news where a man has free fire some people in the casino because he is so frustrated that he lost it all there and after that, he needs to pay some credits from the people he is owed. After he fired on the innocent people, he killed himself. Moral of the story is stay away from those people because they will self-destruct if they run out of reason to move on.

[adzino]

Lol, all those people you have mentioned have shit tons of money (except some of them) and they don't care much about the millions they have lost. I mean, I am sure they have managers and know what they are doing. They were just trying their luck.
Like you said, the house will always win in the long run. If someone manages to make some profit, they got lucky and should stop. They should know that they won't be making profit forever!

[Fundamentals Of]

Lol, all those people you have mentioned have shit tons of money (except some of them) and they don't care much about the millions they have lost.

I don't think so. Even if I don't know how much these people are worth, I am sure it matters to them that they lost tens of millions in gambling, even more than a hundred to some.

It takes only a single vice to burn all your hard-earned money. Just like business mismanagement, gambling addiction is more than enough to cause your entire business empire to crumble down.

[Janation]

That number one really is surprising.

Never thought that people would actually waste their money in gambling instead of thinking how they could earn more with that huge amount. I would understand Michael Jordan's addiction to betting since he has a lot of money to support him and I know there are a lot of people that would be advise him to stop but with that guy, saying that he is burried to debt means no one actually care how much he spends on gambling.

[smyslov]

There are still a lot that are undocumented these are just that are documented, no gamblers don't want to be in an open list like that, this is a big embarrassment for you and your family , because we have no control on what people are thinking, especially if you have a reputation to protect like Michael Jordan, every gambling casinos has a whistle blower that will announce their clients who lost a lot money in their casinos.

[MCobian]

For those of us who are accustomed to gambling with small capital, then experience losses until our capital runs out. By looking at 10 people with
a very big loss. Make us a little calm and feel a little comforted, because it turns out that there are many people who experience losses that are
far greater than what we have experienced. I am sure these 10 people are addicted to gambling, otherwise it is impossible to spend so much just
for gambling.

[Beparanf]

There are still a lot that are undocumented these are just that are documented, no gamblers don't want to be in an open list like that, this is a big embarrassment for you and your family , because we have no control on what people are thinking, especially if you have a reputation to protect like Michael Jordan, every gambling casinos has a whistle blower that will announce their clients who lost a lot money in their casinos.

Gambling should also have some privacy data act or law for their clients as some of them might not known by their families that they are into gambling and may also lead to threats in their lives. Some personalities maybe just too popular or let them express themselves to let others known that addiction cause no good. In either way it will depends on how we will manage ourselves when it come to gambling, better not to do things that will ruin our names.

[Kupid002]

Lol, all those people you have mentioned have shit tons of money (except some of them) and they don't care much about the millions they have lost.

I don't think so. Even if I don't know how much these people are worth, I am sure it matters to them that they lost tens of millions in gambling, even more than a hundred to some.

It takes only a single vice to burn all your hard-earned money. Just like business mismanagement, gambling addiction is more than enough to cause your entire business empire to crumble down.

true ,there is no way they will not feel that huge lost even you are millionaires it still hard to accept that big loss. Many business owner made their business  bankrupt because of that too much addiction of gambling even you are small time or big-time gambler there are consequences you will get if you make gambling as one of your habit.

[Taskford]

Lol, all those people you have mentioned have shit tons of money (except some of them) and they don't care much about the millions they have lost.

I don't think so. Even if I don't know how much these people are worth, I am sure it matters to them that they lost tens of millions in gambling, even more than a hundred to some.

It takes only a single vice to burn all your hard-earned money. Just like business mismanagement, gambling addiction is more than enough to cause your entire business empire to crumble down.

true ,there is no way they will not feel that huge lost even you are millionaires it still hard to accept that big loss. Many business owner made their business  bankrupt because of that too much addiction of gambling even you are small time or big-time gambler there are consequences you will get if you make gambling as one of your habit.

That's why for there losses we should learn something since its so disastrous for us if we lose such huge amount but I think those name gamblers can cover up there losses since I have a feeling that they have so many money that's why they throw some huge bags of money on there plays. But Im totally curious on what is their reaction after they lose such huge amount of money.

[Bezobraznike]

For those of us who are accustomed to gambling with small capital, then experience losses until our capital runs out. By looking at 10 people with
a very big loss. Make us a little calm and feel a little comforted, because it turns out that there are many people who experience losses that are
far greater than what we have experienced. I am sure these 10 people are addicted to gambling, otherwise it is impossible to spend so much just
for gambling.

   People who gambling with big amounts can win big, but they lose big as well.
We who gamble with small amounts, we don't risk s lot and for us gambling is more
entertainment, because we can't win too much and we can lose what we can afford.
    This list is impressive, I can only imagine how it feels like to enter in casino
with millions and to gamble all night.

[plr]

   People who gambling with big amounts can win big, but they lose big as well.
We who gamble with small amounts, we don't risk s lot and for us gambling is more
entertainment, because we can't win too much and we can lose what we can afford.
    This list is impressive, I can only imagine how it feels like to enter in casino
with millions and to gamble all night.

You need to be filthy rich to be able to gamble with millions and lose by million, these millionaire do not have respect to their money they can just throw it away in hours just like that, while we poor people work all day and night just to save pennies, I will never lose that kind of money in my lifetime even I become a millionaire.

[Sadlife]

The Akio guy, maybe got his money from a loan shark. It's really scary thing once you get addicted to gambling, because you'll start to pile up debts without you noticing. Im surprised to not see $1 Billion lose by someone in gambling history. These loses should be a reminder for everyone to not bet you cannot afford to lose.

[FlightyPouch]

Yeah, I think even if his losses are unknown, I think he should be higher. Michael Jordan's salary alone in NBA is at $30M, that could go in a lot of ways in betting. Another thing is Michael Jordan's shoes are so popular even though he is retired, it is said that he earned $100M from Nike last year. And still, there are a lot of deals where he can still get a lot of money from so a lot of money for him to bet. That $2.5M loss was just last year, we don't know but he might still continuing to bet until now.

...Like Royals. As much as possible they are discrete with their gambling habits.

Yeah, I've been also wondering those people born in the family of royalty. I've been watching some videos of princes and princesses and I think with a lot of that spoiled children, there will be no member not addicted to gambling at all. I don't know how they hide it in the public but for sure, there are those royalties that are addicted to gambling. Maybe they are just doing it online.

[iTradeChips]

8. Gus Hansen - Lost $21.7 million

He has accrued $21.7 million in online poker losses at Full Tilt.

We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.

Poor Gus Hansen, he is an awesome gambler, not only a poker pro but also in an oustanding Backgammon player. Unfortunately he played to loose and didn't have a proper strategy for playing high stakes cash games online. He was is a great tournament player and an awesome showman, that is why he we could see him playing so much online. Just remember the time when he went all in every round and crushed all the other pros. As a disciplined poker professional you should never do that, but still it's just awesome to watch such a match. Definitely one of my favourite players.

This is really a very tricky move for a poker player going from one platform that you already spent year crafting your skill and being comfortable, to going to a totally unknown platform where he had difficulty adjusting. What I always do whenever I signup to an online casino that I do not really know much, is to play the free rolls first (I know a bit shitty but that's me). I would enjoy playing with many different players and try to get the feel of the game. Then I slowly inch my way to the paid tournaments. Better safe than sorry for being confident.

[glowing10]

That number one really is surprising.

Never thought that people would actually waste their money in gambling instead of thinking how they could earn more with that huge amount. I would understand Michael Jordan's addiction to betting since he has a lot of money to support him and I know there are a lot of people that would be advise him to stop but with that guy, saying that he is burried to debt means no one actually care how much he spends on gambling.

It is like after certain amount of loss one will stop, or it is greed that does not allow people to have that control when to stop it. Other thing is that they would have played to recover the losses and though they may win and that would have not happened it and this would have lead to such huge losses in their life.

[carriebee]

That number one really is surprising.

Never thought that people would actually waste their money in gambling instead of thinking how they could earn more with that huge amount. I would understand Michael Jordan's addiction to betting since he has a lot of money to support him and I know there are a lot of people that would be advise him to stop but with that guy, saying that he is burried to debt means no one actually care how much he spends on gambling.

It is like after certain amount of loss one will stop, or it is greed that does not allow people to have that control when to stop it. Other thing is that they would have played to recover the losses and though they may win and that would have not happened it and this would have lead to such huge losses in their life.

This really shows of addictions without thinking of the huge of money that was lost. Imagine $127m that was huge amount losing in a gambling with debt it just like you took a stone then hit on your head. Apart from greed, self control and discipline should always have to those who do the gambling. So there’s so much lessons to learn and more likely a realization to those who are much in gambling.

[Fundamentals Of]

Lol, all those people you have mentioned have shit tons of money (except some of them) and they don't care much about the millions they have lost.

I don't think so. Even if I don't know how much these people are worth, I am sure it matters to them that they lost tens of millions in gambling, even more than a hundred to some.

It takes only a single vice to burn all your hard-earned money. Just like business mismanagement, gambling addiction is more than enough to cause your entire business empire to crumble down.

true ,there is no way they will not feel that huge lost even you are millionaires it still hard to accept that big loss. Many business owner made their business  bankrupt because of that too much addiction of gambling even you are small time or big-time gambler there are consequences you will get if you make gambling as one of your habit.

If I lose a hundred dollars to gambling, I am already feeling sad. This is so because I am not rich. When the rich loses 100 million in dollars, he will also feel sad. This is so not because he is not rich but because as a rich gambler he will also be losing big amounts.

He may of course recover everything in just a matter of months but he may also end up dragging his entire business or company down with his losing gambling vice.

And considering that many of the big time losers are businessmen, they know very well the value of money.

[jademaxsuy]

Money is not a problem to them and this is why they don't care how much losses they have made and it will.come to their attention that we somehow need money to get our basic needs. When one does not made some efforts in earning money then it is very easy to spend. But if it was being earn through blood and sweat? Damn so hard to spend for wants or entertainment. It will be likely fr basic needs especially if earnings is enough for the basic needs.

This really shows of addictions without thinking of the huge of money that was lost. Imagine $127m that was huge amount losing in a gambling with debt it just like you took a stone then hit on your head. Apart from greed, self control and discipline should always have to those who do the gambling. So there’s so much lessons to learn and more likely a realization to those who are much in gambling.

Yeah, addiction may be but most of these people are born rich. Money is not a problem to them so whenever they lose in the gambling they do not worry. This is how they see how worthless is monet compared to us that needing it to get our needs and wants.

[plvbob0070]

It's understandable to see huge losses for gamblers who are rich enough to afford those losses, but what I really don't get is why others will still keep gambling even when they can't even afford to pay debts just like in number 9,3,1.

For me, it's okay to have big greed and desire in gambling as long as you can afford it, that it won't harm you in any case. Excessive gambling will result in addiction and can put us in a bad situation.

well the mistake is that some people who cannot control their patience and emotions will be easily affected by such conditions and will certainly make them addicted and want to always do gambling even though they only use a little capital but if it is done every day it can be said like an addiction to gambling.

Yes, one thing that needs to be monitored when gambling is our emotions because we sometimes get swayed by our emotions and greed that's why we end up losing a huge amount of money. But, I just can't get why they still keep pushing all the money they can get even if they can't afford to lose it. They are not just risking their money, they are also risking their lives by putting it in danger.

[BitcoinPanther]

I remember there was another former nba player that lost a lot from gambling but I couldn't find the thread.

This got me interested and immediately search the net to find those NBA players that losses a huge sum of money in gambling and found this article.

The article stated the Five NBA players namely:

Michael Jordan losses a significant amount of $1 000 000

Michael Jordan. Considered to be the best player of all time, Michael Jordan is very competitive inside the court and outside it. Like another player, Charles Barkley, Jordan likes to show his competitiveness while playing at casinos, generally in Atlantic City. But his real passion is competing with his friends and other sports stars on the golf course for high bets and shooting. His most significant loss was $1,000,000.

Charles Barkley lost around $10 000 000

Being an impressive personality, Barkley shocked his fans in 2006 when he told about his losses of 10 million dollars at casinos. One year later, he managed to win back almost $700 thousand when he supported the Colts to win Super Bowl XLI. Barkley was taken to court by the Las Vegas’s Wynn Casino for failing to pay around $400,000. Despite such situations, he doesn’t seem to slow down. He is still regularly seen in various casinos in Vegas, spending huge amounts of money.

and the other three namely: J.R. Smith, Antoine Walker, and Charles Oakley.


Probably  Charles Barkley fits more on the place stated on OP than Michael Jordan.

[cabron]

Among the batch of these NBA players its O'niel that I guess wasn't tempted to get into gambling. That guy earns as much as the two I guess.

The Akio guy, maybe got his money from a loan shark. It's really scary thing once you get addicted to gambling, because you'll start to pile up debts without you noticing. Im surprised to not see $1 Billion lose by someone in gambling history. These loses should be a reminder for everyone to not bet you cannot afford to lose.

$1B would be surprising. $1M is more than enough for a loanshark to drag your ass under their basement to torture you for the money and interest. They'd be dragging your kids and parents there too until you beg any of your relatives to save your ass else the loanshark will sell your corpses.

[stomachgrowls]

Lol, all those people you have mentioned have shit tons of money (except some of them) and they don't care much about the millions they have lost.

I don't think so. Even if I don't know how much these people are worth, I am sure it matters to them that they lost tens of millions in gambling, even more than a hundred to some.

It takes only a single vice to burn all your hard-earned money. Just like business mismanagement, gambling addiction is more than enough to cause your entire business empire to crumble down.

true ,there is no way they will not feel that huge lost even you are millionaires it still hard to accept that big loss. Many business owner made their business  bankrupt because of that too much addiction of gambling even you are small time or big-time gambler there are consequences you will get if you make gambling as one of your habit.

If I lose a hundred dollars to gambling, I am already feeling sad. This is so because I am not rich. When the rich loses 100 million in dollars, he will also feel sad. This is so not because he is not rich but because as a rich gambler he will also be losing big amounts.

He may of course recover everything in just a matter of months but he may also end up dragging his entire business or company down with his losing gambling vice.

And considering that many of the big time losers are businessmen, they know very well the value of money.

People would have the same reactions neither they are rich or poor or on average.We do value money that much specially to those people who do work hard or strive on doing business or investment to reach up that state.

When we do lose big time then its normal for us to get sad, do regret, rage etc. We do see different numbers because people are different when it comes to money or status in life.

Its really mind blowing to lose up that big specially if we are just average or poor one.So we can really make out some comparisons if that thing do happen to us then for sure we might have done something more worst. hehe

[Shasha80]

This is the reason why gambling is banned in some countries, because many people cannot control themselves when playing gambling.
Not knowing when to stop, which in the end some people became the greatest gambling losers. I feel sorry for 10 people who are
experiencing the biggest gambling losers, as already mentioned in the opening post. There are even some of these people must become
poor and get into huge debt.

[maydna]

This is the reason why gambling is banned in some countries, because many people cannot control themselves when playing gambling.
Not knowing when to stop, which in the end some people became the greatest gambling losers. I feel sorry for 10 people who are
experiencing the biggest gambling losers, as already mentioned in the opening post. There are even some of these people must become
poor and get into huge debt.

I am sure that there will be many more gamblers who already lose in gambling with too big money. The reason why people can't stop gambling is that they expect to make a big winning in gambling, and they think that "hm I still have more time to play one or two rounds, so it will be okay if I continue playing gambling." Slowly they lose some money, and the list that @OP gave is the sample for us always to prevent the big loss.

If some people debt just for playing gambling, that will not solve the problem, but that person will get another issue, especially if he loses all of the money in a short time. We don't want to be the next list of gamblers who lose the money.

[Pamadar]

If some people debt just for playing gambling, that will not solve the problem, but that person will get another issue, especially if he loses all of the money in a short time. We don't want to be the next list of gamblers who lose the money.

You said it right, never to lend money in order to solve your financial problem especially if you are involved with gambling.

You are just risking your fate and most of the time you'll gong to lose you money again and adds the problem
up with your current one, better to move away and try to resolve your problem away from gambling.

[famososMuertos]

Come on! this is one of the most bad articles that I have read on the subject  "casino.org/blog/what-happens-to-the-biggest-gambling-losers" , run over by gathering the information exceeds realities and ends up muddying the good stories that there are in reference to the big losers.

Remove that stigma that because you see a losing guy you will be the "next" or that the game destroys you because you read that a guy lost millions.

Of those 10 stories only one has a nuance of a great loser "Archie Karas".
The other two that I am going to comment on are Michael Jordan and Gus Hansen (btw, I did not understand anything about the comment you made there about this guy)

Michael Jordan has so much money that it can be said that he is the classic deep bank gambler, in those years he opted for game due to the death of his father, but this stage was overcome, that was not why he retired from the NBA or that the NBA he suspended it, in any case he has a fortune of almost 2 billion or something like that.

Gus Hansen where you see him today, in high stakes, keep playing, if you lose $ 21,000,000 and you keep betting things are not so bad, for a professional player, it is something amazing, because his bankroll is what keeps him playing , he is not billionaires.

Archie Karas, I recommend you watch the documentary about this guy, nobody has had such a long streak in Las Vegas casinos like this guy and especially with craps, he literally spent more than two years hitting the variance, surprising with his streak he also bets poker, where he faces legends like Stu Ungar, Chip-Reese, Dooley Brunson, etc.

This guy is a big loser, because he was a humble guy who came from Greece to live the American dream and after two years the luck that had accompanied him simply disappeared.

But the cheating came years later, he was seen marking cards, he did this several times, this guy, really, if is a big loser.

[peter0425]

The Akio guy, maybe got his money from a loan shark. It's really scary thing once you get addicted to gambling, because you'll start to pile up debts without you noticing. Im surprised to not see $1 Billion lose by someone in gambling history. These loses should be a reminder for everyone to not bet you cannot afford to lose.

Who knows that there might be a Billion loser in gambling?of course thats out of the line to broadcast because this will surely ruin the life and personality of such person.

gamblers can play and lose millions and maybe come back home and take money again to play?
there are so many ways that a so much powerful and rich people in the world can be in this.

[panganib999]

If there is "Gambling's Greatest Winners" on one of the threads I have already read in this forum when I have been scrolling for the past weeks I think which have enlisted the Top 10 Greatest Winners even at small bettings, then here goes another list the is intended to list up the Top 10 Greatest Losers here in playing gambling. This just clearly shows that not are really lucky enough to always do win in playing gambling and there are also instances that there are gamblers who are not gifted or not lucky to win on playing gambling that instead of winning, it goes another way around.

I wonder how the top on the list have manage such lose on his gambling journey. I do think it gives him a lot of stress for such massive amount of loss in playing. He must do make of managing his bets the next time to avoid committing such massive loss. Do not always push things through specially on gambling for loss do always comes than winnings.

[aioc]

Charles Barkley lost around $10 000 000

Being an impressive personality, Barkley shocked his fans in 2006 when he told about his losses of 10 million dollars at casinos. One year later, he managed to win back almost $700 thousand when he supported the Colts to win Super Bowl XLI. Barkley was taken to court by the Las Vegas’s Wynn Casino for failing to pay around $400,000. Despite such situations, he doesn’t seem to slow down. He is still regularly seen in various casinos in Vegas, spending huge amounts of money.

and the other three namely: J.R. Smith, Antoine Walker, and Charles Oakley.


Probably  Charles Barkley fits more on the place stated on OP than Michael Jordan.

That's only a fraction on what they are earnings from their salary and from products endorsement but still they should not divulge how much they've lost and losing it harm their reputation for future endorsement , of course talent agency will have second thought hiring gamblers for fear of accusations they they are supporting their gambling habits.

[Janation]

That number one really is surprising.

Never thought that people would actually waste their money in gambling instead of thinking how they could earn more with that huge amount. I would understand Michael Jordan's addiction to betting since he has a lot of money to support him and I know there are a lot of people that would be advise him to stop but with that guy, saying that he is burried to debt means no one actually care how much he spends on gambling.

It is like after certain amount of loss one will stop, or it is greed that does not allow people to have that control when to stop it. Other thing is that they would have played to recover the losses and though they may win and that would have not happened it and this would have lead to such huge losses in their life.

We don't know the backstory of it, maybe there is something more.

What is that person is actually finding a place to belong himself and he found that in a casino, in a place where he needed to gamble every day and night? We don't know. But all I know is that being addicted to gambling and wanting to win a lot is different to each other. IMO that guy don't want to win a lot but is just addicted to gambling.

[finaleshot2016]

That number one really is surprising.

Never thought that people would actually waste their money in gambling instead of thinking how they could earn more with that huge amount. I would understand Michael Jordan's addiction to betting since he has a lot of money to support him and I know there are a lot of people that would be advise him to stop but with that guy, saying that he is burried to debt means no one actually care how much he spends on gambling.

It is like after certain amount of loss one will stop, or it is greed that does not allow people to have that control when to stop it. Other thing is that they would have played to recover the losses and though they may win and that would have not happened it and this would have lead to such huge losses in their life.

We don't know the backstory of it, maybe there is something more.

What is that person is actually finding a place to belong himself and he found that in a casino, in a place where he needed to gamble every day and night? We don't know. But all I know is that being addicted to gambling and wanting to win a lot is different to each other. IMO that guy don't want to win a lot but is just addicted to gambling.

Yeah, different perspective and opinions really apply but when it comes to practicality, he should've spent it wisely even though it's their happiness or stress reliever. Also, I doubt that it's their happiness because it's a losing streak and if gambling is his passion, instead of spending a lot of money and keep losing, playing online gambling games is way better than spending for money. Yes, we want to achieve that happiness but let's not forget that consequences might happen if you are abusing it.

Gambling have a huge risks and can affect an individual's life so therefore, thinking wisely can make things easy.

[Timelord2067]

It'll be interesting to hear if there's a big (hundred thousand or more dollar) wager on the Brisbane Broncos Rugby League team to either win or loose in the next few games they have left to play this season (more so if the wager goes the wrong way and is a loss to the punter concerned)

[erikoy]

That's only a fraction on what they are earnings from their salary and from products endorsement but still they should not divulge how much they've lost and losing it harm their reputation for future endorsement , of course talent agency will have second thought hiring gamblers for fear of accusations they they are supporting their gambling habits.

I thought of this too since they can afford to lose this huge money in gambling meaning they have back up or reserve resources to which they can still be using but not to gambling or intended for the basic needs or to sustain life until retirement or gets old.

If not then they worthless after all, having that huge money loss is a no brainer at all. Money is in important because it.can buy things that makes you happy but not all things that money can buy at least some things.

[JohnBitCo]

There is a lot of money to bet to that amount so they are lose a huge money too and that is a millions dollars.

Im losing I think the highest is only hundred dollars and on that day I was very sad. I hope those people who lost a lot of money will not losing anymore money because we knee once they lose it is a huge money too.

For sure if they are addict gambler possible to lose all their money they have if they did not have control playing.

For all the money that is lost in gambling, someone does get rich and it is the gambling houses and the bookies who are making a lot of money.
Even though we hear everyday that people lose their assets and money in gambling, yet they still want to risk and try their luck in gambling. There is no cure to gambling addiction.

[FlightyPouch]

...There is no cure to gambling addiction.

Well, there is a way for a gambling addict to stop gambling and it all starts with the gambling himself. Stopping your gambling addiction is not easy, I could say that it is one of the hardest thing I've endured in my life even though I am not highly addicted. You're not aware of what is happening, you just wanted to gamble it is like a part of your breathing and you'll die without it.
It is like a part of you and even though you know that you should stop you can't because it is like someone or something is controlling you. It is really hard but with the help of the people I love I slowly stopped it, well, after some therapies I did. Also, I kept on gambling after that and realized I am doing my life wrong seeing my partner like that. If there's a will, there is a way.

[Savemore]

There is a lot of money to bet to that amount so they are lose a huge money too and that is a millions dollars.

Im losing I think the highest is only hundred dollars and on that day I was very sad. I hope those people who lost a lot of money will not losing anymore money because we knee once they lose it is a huge money too.

For sure if they are addict gambler possible to lose all their money they have if they did not have control playing.

For all the money that is lost in gambling, someone does get rich and it is the gambling houses and the bookies who are making a lot of money.
Even though we hear everyday that people lose their assets and money in gambling, yet they still want to risk and try their luck in gambling. There is no cure to gambling addiction.

Remember that there are gamblers who seek enjoyment and there are the one who seek prosperity but the majority of the people why they are entering in the gambling industry is because of the money. What I said is true because we know that there are now many people who became rich because of the gambling like Dan Bilzerian who have nickname of the "King of Instagram". I know you heard his story wherein his wealth is came from playing poker.
But not all the times that a certain gambler can make a good life because of gambling. Actually only few people who are becoming successful in gambling and most of them are losing and there are small percentage of that people wherein their life become more messy because of their losses in gambling. This thread can become a example that even if you are rich, the world can upside down especially if you lose all of your money because of gambling.

[iTradeChips]

It is really a very unfortunate thing the ones who end up dead for gambling losses. If this is being caused by uncontrolled gambling addiction then it is a wake up call to all of us who do betting, casino, slot, poker, and other forms of gambling to reconsider our strategies and be responsible players. Treating gambling as a business with controlled funds and computing losses to profits, just like an actual business might be helpful in managing your gambling finances.

[finaleshot2016]

There is a lot of money to bet to that amount so they are lose a huge money too and that is a millions dollars.

Im losing I think the highest is only hundred dollars and on that day I was very sad. I hope those people who lost a lot of money will not losing anymore money because we knee once they lose it is a huge money too.

For sure if they are addict gambler possible to lose all their money they have if they did not have control playing.

For all the money that is lost in gambling, someone does get rich and it is the gambling houses and the bookies who are making a lot of money.
Even though we hear everyday that people lose their assets and money in gambling, yet they still want to risk and try their luck in gambling. There is no cure to gambling addiction.

Remember that there are gamblers who seek enjoyment and there are the one who seek prosperity but the majority of the people why they are entering in the gambling industry is because of the money. What I said is true because we know that there are now many people who became rich because of the gambling like Dan Bilzerian who have nickname of the "King of Instagram". I know you heard his story wherein his wealth is came from playing poker.
But not all the times that a certain gambler can make a good life because of gambling. Actually only few people who are becoming successful in gambling and most of them are losing and there are small percentage of that people wherein their life become more messy because of their losses in gambling. This thread can become a example that even if you are rich, the world can upside down especially if you lose all of your money because of gambling.

Maybe some of those people on the list are just seeking for enjoyment and happinnes but the others are just unlucky in gambling. I doubt that all of them are just spending for nothing because money is still a money even you have many of it.

So definitely, those in the list are the ones who continuously playing gambling even they're losing. It can be the cause of stress or maybe seeking for a huge pot that makes them greedy in gambling. Agree, a life of a gambler is very difficult because you don't know if you'll have money in the next day, probably all day risking for your survival.

[DarkDays]

Good God, what goes through these people's minds? You would think after losing several million dollars that you would call it a day—especially considering that most of these players only had this sort of money by winning it in the first place.

I wonder what the single largest loss in all of history was?

You would think that some billionaires must have lost at least $10 million in a single bet. Especially if you consider trading losses at bets—there have been some devastating wipeouts in recent history, even back in March this year.

I wonder what the poker table looks like at billionaire meetup events?!

[Janation]

It is really a very unfortunate thing the ones who end up dead for gambling losses. If this is being caused by uncontrolled gambling addiction then it is a wake up call to all of us who do betting, casino, slot, poker, and other forms of gambling to reconsider our strategies and be responsible players. Treating gambling as a business with controlled funds and computing losses to profits, just like an actual business might be helpful in managing your gambling finances.

This is not just a mindblowing fact, it is a waking call to us all.

Even though we are not even comparable to these people, we should know that despite the low and high amount of bettings we've done, we should be able to control the urge of us gambling because at the end of the day, it can end up in losses. Instead of using that money into other things that is more important, it is falling unto pockets of these owners and investors. Life is hard and we should not make it harder by relying on gambling.

[AicecreaME]

<...>

This is a nice thread about how much a person can lose through gambling. I think this is a good wake up call to those who are planning to engage in gambling that we must bet in accordance to what we can afford to lose.

Majority of the gamblers listed had indebted large sum of money from the casinos and even used their funds for to satisfy their urge to gamble. Like Aiko on #9 and Omar on #3. We must always remember to gamble moderately and responsibly so we won't be left with nothing when the time comes.

Discipline is the key if you don't want the banks and casinos to run after you, your family, and your properties. You must know where to set your boundaries so you can always stop if losing streaks happen.

[acroman08]

I knew or at least have an idea that there are people who would lose that much money. but I wonder how they cope with the idea that they lost that much money. I know to my self I would probably have depression if I lost that much money to gambling.

9. Akio Kashiwagi - Lost $19 million

in 1992, he was found brutally murdered in his home near Mount Fuji, stabbed over 150 times.

Spending too much in a casino especially putting yourself into a huge debt from a variety of casino could risk even your life. Learn to bet an amount that you can afford to lose from your own pocket and do not risk funds that you aren't sure if you have the capacity to pay.

damn, that's the problem with gambling using borrowed money especially if you borrowed it from the wrong people and keep losing and not being able to pay it back.

[Silberman]

It's his money after all and he can enjoy it with all the luxury in the world but he chose what he thinks was best for him.

But that is precisely the thing, do you think that the guy that lost 127 million was happy about it? I am not against those that are rich to use their money as they want and even to spend it in whatever they may like regardless of how expensive it is, but even if I like gambling I don't really think that you get anything out of it except the fun and there are many ways to get a lot of fun with 127 million dollars and still have a lot of money to spare for many other activities.

[KTChampions]

Interesting numbers, but I would not say that they are shocking (there are so many billionaires in the world now ...). I think that there is an area adjacent to gambling where losses (and gains) are much greater - this is investment. The figures there are in the tens of billions of dollars. And behind every decision of the investment fund there are specific people, so we can say that these are their losses.

[Chrystora123]

snip..

1. Terrance Watanabe - Lost $127 million

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

snip..

what exactly at that moment was thinking by this person!!  burning $ 127 million just to gamble, he completely lost his mind.  I will think thousands of times to gamble with a capital of more than $ 100k.. 

[TedMosby]

what exactly at that moment was thinking by this person!!  burning $ 127 million just to gamble, he completely lost his mind.  I will think thousands of times to gamble with a capital of more than $ 100k.. 

he said that the casino makes him stay longer by gave him liquor, food, drugs, and other "services".
if this is true then the casino might knew before that Watanabe is a dumb (but rich) guy .
https://www.businessinsider.com/meet-the-man-who-blew-127-million-and-most-of-his-familys-fortune-gambling-in-vegas-2009-12?r=US&IR=T

[KTChampions]

what exactly at that moment was thinking by this person!!  burning $ 127 million just to gamble, he completely lost his mind.  I will think thousands of times to gamble with a capital of more than $ 100k.. 

he said that the casino makes him stay longer by gave him liquor, food, drugs, and other "services".
if this is true then the casino might knew before that Watanabe is a dumb (but rich) guy .
https://www.businessinsider.com/meet-the-man-who-blew-127-million-and-most-of-his-familys-fortune-gambling-in-vegas-2009-12?r=US&IR=T

  he ended up buying regular alcohol/drugs, etc. at a cosmic price. In general, I heard about this - a casino for VIP clients creates heavenly conditions, hoping that these "investments" will pay off with the money that clients will lose. And apparently it works.

[Pamadar]

The more I read this the more I think being a compulsive gambler will lead you to this state where you gradually increases your chances of losing in the long run.

It's addictive so for sure the outcome of you continuous engagement to this activities will ruined yourself.
You'll lose lots of money and before you realize that you already did you already lose a huge amount of money.

This kind of people really need a mental health professional before it gets worst—lucky for them they were rich people, but for those below to them shouldn't try to be compulsive or else the worst (I mean some are really worst) thing will happen to them.

Come to think of it, why casinos keeps growing. because there are lots of middle to below class gamblers who keeps
playing and given away their money inside gambling activities.

[FIFA worldcup]

There is a lot of money to bet to that amount so they are lose a huge money too and that is a millions dollars.

Im losing I think the highest is only hundred dollars and on that day I was very sad. I hope those people who lost a lot of money will not losing anymore money because we knee once they lose it is a huge money too.

For sure if they are addict gambler possible to lose all their money they have if they did not have control playing.

Those who take risk in gambling are rewarded sometimes. But those who do not take risk and do not play gambling with big amounts, they will never be able to win big from gambling. They need to play gambling with a plan on how much money to play with and what to do in case of loss and win.

[LogitechMouse]

The more I read this the more I think being a compulsive gambler will lead you to this state where you gradually increases your chances of losing in the long run. This kind of people really need a mental health professional before it gets worst—lucky for them they were rich people, but for those below to them shouldn't try to be compulsive or else the worst (I mean some are really worst) thing will happen to them.

This just shows that being a compulsive gambler like the ones posted by the OP will just lead to losses.
TBH, it will just go down to how good you are in controlling yourself especially when it comes to gambling.

For sure those at the top seek the help of the professionals just to recover themselves from the losses they faced and while some feel depressed of their losses, there are some of them who are just "Ok I lost its ok for me I have a huge money there still". Their losses are just nothing to them .

[nakamura12]

This should be remembered by everyone that gambling too much can cause problem and one of them is health problem like the case of number 1. Although one of them is very rich so it shouldn't be a problem when it comes to financial problems but the health problem is npt since if you gamble all the time then you won't be able to take care of yourself.

[DevilSlayer]

The more I read this the more I think being a compulsive gambler will lead you to this state where you gradually increases your chances of losing in the long run. This kind of people really need a mental health professional before it gets worst—lucky for them they were rich people, but for those below to them shouldn't try to be compulsive or else the worst (I mean some are really worst) thing will happen to them.

This just shows that being a compulsive gambler like the ones posted by the OP will just lead to losses.
TBH, it will just go down to how good you are in controlling yourself especially when it comes to gambling.

For sure those at the top seek the help of the professionals just to recover themselves from the losses they faced and while some feel depressed of their losses, there are some of them who are just "Ok I lost its ok for me I have a huge money there still". Their losses are just nothing to them .

They cannot control their obsession and it is the reason why it resulted to them to lose huge amount of their money. OF course they lose because of improper allocation and because of their hope. For those gamblers out there like me, I'm sure that you also experience to have high hope especially when we have consecutively losses. We think that our hope can help us in order to regain our losses but we are wrong and we need to stop and rest in order to prevent huge losses especially if we are in consecutively losses. This rich people for sure regretted their decisions because of the huge money that they lose. It is one of the example that even if earn huge money in gambling, the casinos can regain it if we do not have proper strategy and risk management.

We should really identify the amount of the money that we are willing to risks because if we put our hard earned money and we lose it in online or traditional casino, for sure it will affect us not only through psychology but also physically. The psychological damage is really the consequences of being greedy and losing huge amount of money in gambling.

[BuNga_cute]

The greatest gambling losers shared in the opening post are a lesson for all of us that gambling addicts will end badly.
Of all the names mentioned in the opening post, gambling had ruined their lives. Even some people end up dying,
I get goosebumps enough to imagine it. Therefore, we always control ourselves when playing gambling, we must be
able to limit ourselves when playing gambling.

[Waffen]

Safa Al Geabury bears similarities to Terrance Watanabe. He’s a very wealthy individual who refused to cover his gambling debts when the time came.

The Swiss businessman owns an Islamic art collection that was once valued as high as $1 billion. He received a huge marker at London’s Ritz Club in 2014 as a result of his wealthy reputation.

But when it came to pay the marker, Al Geabury was very cheap. He lost £2.2 million at the Ritz Club and ignored the debt. The casino eventually sued him for the money. Al Geabury defended himself by saying that the Ritz took advantage of his compulsive gambling problem.

[Becky666]

This should be remembered by everyone that gambling too much can cause problem and one of them is health problem like the case of number 1. Although one of them is very rich so it shouldn't be a problem when it comes to financial problems but the health problem is npt since if you gamble all the time then you won't be able to take care of yourself.

This bores down to self-control in gambling. Health wise still depends on how a gambler is able to handle what's called "self-control" because this is the main reason why many gamblers end up in danger health wise. There should be limits  for every gambler out there in order to curb this issue among gamblers addict. Personally, most of my gambling activities are done within weekends because of my time to relaxe out stress. 

[2double0]

I'm myself a big loser in gambling which is why I left it long time ago. Had my home worth $100k buried into gambling because I got badly addicted to this. Then, my son gave (gifted) me a home but he didn't use my name as buyer but gave my grandson's name and it was under his possession since then, so I can say that I'm dependent on his mercy. Life has been hell since what I committed. Now I do it, but I don't do it carelessly and keep control on me as I don't have any sources to live and to fund my gambling needs.

[skarais]

I'm myself a big loser in gambling which is why I left it long time ago. Had my home worth $100k buried into gambling because I got badly addicted to this. Then, my son gave (gifted) me a home but he didn't use my name as buyer but gave my grandson's name and it was under his possession since then, so I can say that I'm dependent on his mercy. Life has been hell since what I committed. Now I do it, but I don't do it carelessly and keep control on me as I don't have any sources to live and to fund my gambling needs.

The result of gambling addiction causes the loss of everything, family, home, and all happiness. Your bad experience is very valuable for the other person to quickly leave the addiction before regretting it. Luckily, your son still cares and gives you a home even though your grandson is the original owner of the place where you live, at least you have a decent place to live and have stopped gambling.

[GDragon]

I'm myself a big loser in gambling which is why I left it long time ago. Had my home worth $100k buried into gambling because I got badly addicted to this. Then, my son gave (gifted) me a home but he didn't use my name as buyer but gave my grandson's name and it was under his possession since then, so I can say that I'm dependent on his mercy. Life has been hell since what I committed. Now I do it, but I don't do it carelessly and keep control on me as I don't have any sources to live and to fund my gambling needs.

This is sad, honestly the biggest lost a gambler could have is the lost of trust/love of a family member. I'm delighted that your son still cares about you, and its good that you decided to have control of yourself. I may not know you but I really felt you are remorseful on what you've done in the past.

If I have a son too, I will name him the house instead of my father, its just because he needs it in the future too. No other reason honestly.

[Cryptpogz1]

Damn, and im here freaking out when losing 20$ 

[2double0]

If I have a son too, I will name him the house instead of my father, its just because he needs it in the future too. No other reason honestly.

I always regret for what I did in the past, and don't even complain for what my son did. It was his choice completely and he understood that if he named the house on my name, I would just gamble that too. I understand that what he did was correct and it was needed during that time, to make me feel what shit I had spread in their lives.

[Twentyonepaylots]

Im losing I think the highest is only hundred dollars and on that day I was very sad. I hope those people who lost a lot of money will not losing anymore money because we knee once they lose it is a huge money too.

I don't even deposit and play a hundred of bucks whenever I want to play, say in a day the highest that I can lose is probably $30, I'll quit if I lose $30 and that's my maximum lol. Losing millions may be just normal for them if they are millionaire or billionaire, too high for normal people like most of us here. That's a real gamble, coz think if they did not lose, they earned also millions of dollars.

For sure if they are addict gambler possible to lose all their money they have if they did not have control playing.

I think these people are all rich, they afford to lose that huge amount.

[electronicash]

the rich guys  wanna impress anyone surrounding them by betting huge amount thinking the people around them will wish to be rich as him.

Im losing I think the highest is only hundred dollars and on that day I was very sad. I hope those people who lost a lot of money will not losing anymore money because we knee once they lose it is a huge money too.

I don't even deposit and play a hundred of bucks whenever I want to play, say in a day the highest that I can lose is probably $30, I'll quit if I lose $30 and that's my maximum lol. Losing millions may be just normal for them if they are millionaire or billionaire, too high for normal people like most of us here. That's a real gamble, coz think if they did not lose, they earned also millions of dollars.

For sure if they are addict gambler possible to lose all their money they have if they did not have control playing.

I think these people are all rich, they afford to lose that huge amount.

yes they can afford until they lost it all. this is when they tend to show off their wealth thru gambling and got addicted that filing bankruptcy is too late for them to do.
we've seen stories of some local gamblers that went from riches to rags.

[zidanw]

That losses is no joke that's really huge amount but maybe for most of us but as I can see these people are millionaires or maybe billionaires already but even if I'm a millionaires or billionaires like them I wouldn't spend a lot of that money in gambling maybe I could open my own casino and play it in there.

[Renampun]

...

the loss that they bear really makes me speechless...
I think their multimillion-dollar bill is sufficient for them to set up their own casino business, greed had blinded their eyes so they were losing a fantastic amount. if my husband lost this much at the gambling table I would slit his throat.

[skarais]

Damn, and im here freaking out when losing 20$  

You have lost most of your money for the Jr member rank level If you don't want to experience big losses then stop gambling and do something positive to get profitability without losses like gambling.

[Bezobraznike]

Damn, and im here freaking out when losing 20$  

You have lost most of your money for the Jr member rank level If you don't want to experience big losses then stop gambling and do something positive to get profitability without losses like gambling.

   All other possibilities for earning with $20 can give you cents every week, or to say nothing. For safer investments you need
higher capital, in that way you can have income, with low amounts you can't do much. It's where gambling comes, you can
multiply your capital fast and that lure people, fast money, possibility for that. You know $20 isn't much, to earn cents from that
is also nothing, why not to give it a try? It's how that starts and many beginners face with that.

[milewilda]

Damn, and im here freaking out when losing 20$  

You have lost most of your money for the Jr member rank level If you don't want to experience big losses then stop gambling and do something positive to get profitability without losses like gambling.

   All other possibilities for earning with $20 can give you cents every week, or to say nothing. For safer investments you need
higher capital, in that way you can have income, with low amounts you can't do much. It's where gambling comes, you can
multiply your capital fast and that lure people, fast money, possibility for that. You know $20 isn't much, to earn cents from that
is also nothing, why not to give it a try? It's how that starts and many beginners face with that.

$20 might be big for others but for majority it would really be just a very minimal amount that someone wont bother if they do lose it all.Also gambling isnt really a mandatory thing for you to do so
and if you do consider on playing on just hoping for that 20 bucks to become big then its possible but dont expect too much yet its high likely for that money to vanish with gambling and also saving it up
might be ideal but you cant do that much on that amount.If you do value your money and dont like for it to lose then better skip gambling and save it up but if you dont care that much and seek out for
entertainment purposes then theres nothing wrong if you do play gambling but just be sure to know your limitations.

[LogitechMouse]

Damn, and im here freaking out when losing 20$ 

When it is my first time doing gambling, I'm disappointed of myself when I lose at around $10 or less and saying to myself that "If I only just bought food with that money or at least saved it or invested in something" and there are times where I will just sleep out of my disappointment.

It will depend on the lifestyle of the gambler. If you haven't that much money then you will really freak out when you lose a few buck like you and me but if you will ask those rich gamblers, $20 is just nothing to them and they are still ok if they lose it. Its just experience and discipline. If you want to gamble then you must learn not to feel anything when you lost your money because at the end of the day, gamblers have a higher chance to lose all of their money in gambling.

[yazher]

Damn, and im here freaking out when losing 20$ 

That's a good sign for someone who wants to play more after suffering some losses. If it was me, I would have to go out to unwind myself and find the best place to forget those experience. I mean 20$ is not that much for someone who lives on the other side of the world but that same amount can also be used to buy a sack of rice to feed the poor or anyone who is in need of anything you can give them.

[KTChampions]

Damn, and im here freaking out when losing 20$ 

When it is my first time doing gambling, I'm disappointed of myself when I lose at around $10 or less and saying to myself that "If I only just bought food with that money or at least saved it or invested in something" and there are times where I will just sleep out of my disappointment.

It will depend on the lifestyle of the gambler. If you haven't that much money then you will really freak out when you lose a few buck like you and me but if you will ask those rich gamblers, $20 is just nothing to them and they are still ok if they lose it. Its just experience and discipline. If you want to gamble then you must learn not to feel anything when you lost your money because at the end of the day, gamblers have a higher chance to lose all of their money in gambling.

By the way, I would like to note that those people who started their acquaintance with gambling with losses are the real lucky ones. They got a kind of "inoculation" from excessive positive emotions and expectations of winning. I know several people who started playing and started winning from the very beginning. This affected their behavior and the actual perception of the game very badly and in the end they lost everything.

[AmoreJaz]

Damn, and im here freaking out when losing 20$ 

You have lost most of your money for the Jr member rank level If you don't want to experience big losses then stop gambling and do something positive to get profitability without losses like gambling.

   All other possibilities for earning with $20 can give you cents every week, or to say nothing. For safer investments you need
higher capital, in that way you can have income, with low amounts you can't do much. It's where gambling comes, you can
multiply your capital fast and that lure people, fast money, possibility for that. You know $20 isn't much, to earn cents from that
is also nothing, why not to give it a try? It's how that starts and many beginners face with that.

$20 might be big for others but for majority it would really be just a very minimal amount that someone wont bother if they do lose it all.Also gambling isnt really a mandatory thing for you to do so
and if you do consider on playing on just hoping for that 20 bucks to become big then its possible but dont expect too much yet its high likely for that money to vanish with gambling and also saving it up
might be ideal but you cant do that much on that amount.If you do value your money and dont like for it to lose then better skip gambling and save it up but if you dont care that much and seek out for
entertainment purposes then theres nothing wrong if you do play gambling but just be sure to know your limitations.

20 bucks is really nothing if you are playing in physical casino. but online, you can do a lot already with that money, play different games and such. but yes, dont expect that it will grow big because more then likely 20bucks will be gone in few minutes. because you are in gambling. what do you expect? losing is very imminent here. thats why when you gamble, spend money what you can afford.

[Silberman]

Interesting numbers, but I would not say that they are shocking (there are so many billionaires in the world now ...). I think that there is an area adjacent to gambling where losses (and gains) are much greater - this is investment. The figures there are in the tens of billions of dollars. And behind every decision of the investment fund there are specific people, so we can say that these are their losses.

It is interesting that you bring this point, many consider the stock markets as just a giant casino and for the most part I think they are right so while the losses being depicted here are without a doubt important and significant for those that lost that money, can you imagine the gigantic losses some people have experimented in the stock market and that are not considered in this thread and technically are not considered gambling even if the participants behave deep down in the same way?

[abel1337]

Damn, and im here freaking out when losing 20$ 

When it is my first time doing gambling, I'm disappointed of myself when I lose at around $10 or less and saying to myself that "If I only just bought food with that money or at least saved it or invested in something" and there are times where I will just sleep out of my disappointment.

It will depend on the lifestyle of the gambler. If you haven't that much money then you will really freak out when you lose a few buck like you and me but if you will ask those rich gamblers, $20 is just nothing to them and they are still ok if they lose it. Its just experience and discipline. If you want to gamble then you must learn not to feel anything when you lost your money because at the end of the day, gamblers have a higher chance to lose all of their money in gambling.

It also came that to me, Realizing the thing I should have bought with the small money I lose in gambling, It was a small bet with my sister almost 5$ value in our fiat, I was really disappointed with that bet that I told myself not to gamble anymore or make bets anymore but here I am playing gambling on different crypto casinos and not regretting my loses. I do agree that it depends on the lifestyle, The time that I loss 5$ bet is when I was a young age that I can't afford to buy myself my wants cause I'm still studying that time, But now I do have income, I really don't feel any guilt when I lose some pennies.

Putting some limitation on your gambling money can help you not regret the gambling session you did. Gamble what you can regain with your job 

Lossing too much money in gambling can cause damage to your mental health 

[milewilda]

Damn, and im here freaking out when losing 20$ 

When it is my first time doing gambling, I'm disappointed of myself when I lose at around $10 or less and saying to myself that "If I only just bought food with that money or at least saved it or invested in something" and there are times where I will just sleep out of my disappointment.

It will depend on the lifestyle of the gambler. If you haven't that much money then you will really freak out when you lose a few buck like you and me but if you will ask those rich gamblers, $20 is just nothing to them and they are still ok if they lose it. Its just experience and discipline. If you want to gamble then you must learn not to feel anything when you lost your money because at the end of the day, gamblers have a higher chance to lose all of their money in gambling.

It also came that to me, Realizing the thing I should have bought with the small money I lose in gambling, It was a small bet with my sister almost 5$ value in our fiat, I was really disappointed with that bet that I told myself not to gamble anymore or make bets anymore but here I am playing gambling on different crypto casinos and not regretting my loses. I do agree that it depends on the lifestyle, The time that I loss 5$ bet is when I was a young age that I can't afford to buy myself my wants cause I'm still studying that time, But now I do have income, I really don't feel any guilt when I lose some pennies.

Putting some limitation on your gambling money can help you not regret the gambling session you did. Gamble what you can regain with your job 

Lossing too much money in gambling can cause damage to your mental health 

Its indeed varying with someones lifestyle or status depending on its financial capacity but overall you should know how to handle out your money neither it would be big or small.
Of course it wont really be similar on perception when we do lose when we are still young or doesnt have the capability to have some income but when you are already capable of then
you would really just forget on what you had said in the past about on completely stopping.

Losing is inevitable this is why when we do set our foot on gambling field then consider those funds to be on auto lose or just simply thinking it up as a fee for the pleasure you do seek
but well we do know that each person is different in towards their views in gambling.

[iv4n]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!
These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc… when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

[peter0425]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

How could you spend in gambling a money that came from loans?that is a total BS thing.No one in right mind will do that unless addicted gambler.

These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc…

Luck is what we call this mate,and gamblers has this though very rare .

when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

Good for you that is not being a total gambler.and continue that way.

[KTChampions]

Interesting numbers, but I would not say that they are shocking (there are so many billionaires in the world now ...). I think that there is an area adjacent to gambling where losses (and gains) are much greater - this is investment. The figures there are in the tens of billions of dollars. And behind every decision of the investment fund there are specific people, so we can say that these are their losses.

It is interesting that you bring this point, many consider the stock markets as just a giant casino and for the most part I think they are right so while the losses being depicted here are without a doubt important and significant for those that lost that money, can you imagine the gigantic losses some people have experimented in the stock market and that are not considered in this thread and technically are not considered gambling even if the participants behave deep down in the same way?

Yes, the size of the bets in the stock market is disproportionately higher.  It's funny that everything else is present in the same proportions - financial pyramids, scammers, inadequate market participants, etc.
But there is one major difference: the stock market has a direct connection with the real economy, and it is not a zero-sum game as is the case with betting/casino and other gambling.

[kamadazje]

In gambling there is always a losers and winners but this amount of losses is somewhat very huge. Though I can say that this individuals have plenty of money in their pocket as
they were able to gamble this huge amount of money.

And for those gamblers who died because of their loses, I think it is too much for a gamblers therefore it is very wise to stop if you know that you cannot take your losses anymore. I am a gambler and I am hoping that I will not end up losing too much where I will endanger any of my properties or even myself.

[mindrust]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

I don't agree. Losing your own money is as problematic as losing somebody else's money. Maybe even less problematic.

If you lose your own money it is you who got f'ed. If you lose somebody else's money, it is him that's got f'ed. (till he decides to f you up too

[Pamadar]

In gambling there is always a losers and winners but this amount of losses is somewhat very huge. Though I can say that this individuals have plenty of money in their pocket as
they were able to gamble this huge amount of money.

They do have those huge money to lose. People who really capable of spending huge amount just to gamble, they enjoy this activities or we can also say that they are really involved into certain addictions where it's already uncontrollable.

And for those gamblers who died because of their loses, I think it is too much for a gamblers therefore it is very wise to stop if you know that you cannot take your losses anymore. I am a gambler and I am hoping that I will not end up losing too much where I will endanger any of my properties or even myself.

You should always have your controlled as gambling really putting yourself at risk. both financially and emotionally
you need to make sure that before dealing in a much deeper gambling activities that you are prepared and willing
to lose your bankroll.

[Twentyonepaylots]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

How could you spend in gambling a money that came from loans?that is a total BS thing.No one in right mind will do that unless addicted gambler.

The reality is addicted gambler does not know what they are doing with themselves, one day you'll find them in their room doing nothing, the other day they already loaned a huge amount of money to gamble. I guess this is time for the loan agencies to get rid of their addict clients.

These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc…

Obviously depends on the game that they are playing at, fortune cannot be yours all the time,  just like the cards it can be shuffled.
 

[kawetsriyanto]

Have you ever wonder what happens if someone bets a huge amount of fund, the same way as those who betted all in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.

Gambling is very risky, everyone who cannot manage their emotion, willingness, money management, and also funds will lose their money so easily. The way to take risks in gambling is actually common enough. If you are not brave enough to take that risk, better not to enter the gambling world. However, does it mean that we should not take the risks? No, not at all. What I mean is that whatever your gambling, set your risk and money management. If you have lost much, think twice to continue your gambling. You probably will feel like being challenged, but please be aware and stop it. Nothing you can do much again if you lose much money again and again.

~~

They do have those huge money to lose. People who really capable of spending huge amount just to gamble, they enjoy this activities or we can also say that they are really involved into certain addictions where it's already uncontrollable.
~~

You are right, and addicted people in gambling will be so difficult to be aware of. They will play and play again until they have no chance until they are aware that they owe so much money. They will always think that they enjoy the game and continue to play. Moreover, for those who are rich, having a lot of money, they may not be aware that they have to spend lots of money. Addictions are like what you are addicted to drugs, once you get in, you will be so difficult to avoid and aware.

[glowing10]

In gambling there is always a losers and winners but this amount of losses is somewhat very huge. Though I can say that this individuals have plenty of money in their pocket as
they were able to gamble this huge amount of money.

And for those gamblers who died because of their loses, I think it is too much for a gamblers therefore it is very wise to stop if you know that you cannot take your losses anymore. I am a gambler and I am hoping that I will not end up losing too much where I will endanger any of my properties or even myself.

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

[iv4n]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

I don't agree. Losing your own money is as problematic as losing somebody else's money. Maybe even less problematic.

If you lose your own money it is you who got f'ed. If you lose somebody else's money, it is him that's got f'ed. (till he decides to f you up too

I have a few more answers on my comment, but yours is the most interesting one I must admit! I believe you are just sarcastic here, because gambling with borrowed/loaned money is the last stage of gambling addiction, in that point you don't care about anything else except how to get some cash for few rolls.

The reality is addicted gambler does not know what they are doing with themselves, one day you'll find them in their room doing nothing, the other day they already loaned a huge amount of money to gamble. I guess this is time for the loan agencies to get rid of their addict clients.

You gave an answer to @peter0425! Do we even know how many loan agencies there are? With loan sharks, pawnshops, and all others who are ready to lend money to some unlucky guy... too many to count!

And to not argue, I didn't mean anything wrong. I just pointed out something that should be clear to all the people! It's ok to spend money on gambling, but money you would spend on some fun anyway! When you risk your salary, food for family, bills...when you risk the money you borrowed...you have a problem... seek help and deal with that, or that will take you down, deep down! You probably can't imagine how down you can go with that!

[Shasha80]

In gambling there is always a losers and winners but this amount of losses is somewhat very huge. Though I can say that this individuals have plenty of money in their pocket as
they were able to gamble this huge amount of money.

And for those gamblers who died because of their loses, I think it is too much for a gamblers therefore it is very wise to stop if you know that you cannot take your losses anymore. I am a gambler and I am hoping that I will not end up losing too much where I will endanger any of my properties or even myself.

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

It is true that if we have suffered losses when playing gambling and cannot bear more losses, steps that must be taken is to stop
playing gambling. but this does not apply to people who are addicted like the person mentioned in the opening post. Not only did
this cost them a lot of money, but the worst it could be harm themselves.

[KTChampions]

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

Maybe I'm wrong, but it seems to me that in most cases of these gigantic losses, those who did it could afford it. I think after these losses the level of their consumption has not changed. Another thing is when an ordinary worker loses a thousand dollars. I think this is very sensitive for him.

[Google+]

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

Maybe I'm wrong, but it seems to me that in most cases of these gigantic losses, those who did it could afford it. I think after these losses the level of their consumption has not changed. Another thing is when an ordinary worker loses a thousand dollars. I think this is very sensitive for him.

that is what is called risk when gambling so you can lose a very large asset, the money you use can run out immediately, but gambling can give you a lot of profit because when your guesses can be correct and accurate then you can become rich instantly.

[maydna]

that is what is called risk when gambling so you can lose a very large asset, the money you use can run out immediately, but gambling can give you a lot of profit because when your guesses can be correct and accurate then you can become rich instantly.

But we know that not many gamblers can win much money, and the rest will lose. Many gamblers lose much money because they also lose control of gambling, but some gamblers still try to play more because they expect to make a win in the next round. And if we read on that list, they lose so much money which we can't imagine what will happen to us if we lose that much money. Controlling ourselves will be the important thing to avoid big losses. But yes, if we can win many times in gambling games, we can win a lot of money.

[peter0425]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

How could you spend in gambling a money that came from loans?that is a total BS thing.No one in right mind will do that unless addicted gambler.

The reality is addicted gambler does not know what they are doing with themselves, one day you'll find them in their room doing nothing, the other day they already loaned a huge amount of money to gamble. I guess this is time for the loan agencies to get rid of their addict clients.

Why would the Loan agencies do that when this is what they want to happen,Addicted gamblers will knock on their doors and ask for Money to gamble,in this surely the collateral will bring them good business soon.

These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc…

Obviously depends on the game that they are playing at, fortune cannot be yours all the time,  just like the cards it can be shuffled.
 

People like them usually don't change games,they will seat and lose in same game as only chance gamblers are looking for multiple games just to find where their luck reside.

[samputin]

<...>

1. Terrance Watanabe - Lost $127 million

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

He was said to lose for about $5 million a day playing 24 hourse in casinos and with this, he was burried to dept. IMO, it impacts his health allot with the lifestyle he lived, that he got a cancer. As a gambler, we should take good care of ourselves and spend a most of our time than gambling. Money isn't always the solution for happiness, perhaps, bonding with our family is better and building memories with them are the treasure that we can keep forever.

Gosh! That's such a huge amount. Imagine losing $5 million for a day. It's so depressing. Just by thinking about it makes me regret such action. What more if I experienced it first hand? That could possibly be the cause of his sickness. If he just thought about his actions first and used his money in more important things like bonding with his family, or better yet, for his health, then he wouldn't experience much burden.

All of these people should serve as lessons for gamblers out there. Gambling is always risky. So they must be very cautious when playing and just bet the amount they can afford to lose.

[iamsheikhadil]

In gambling industry, only few make it to be hugely profitable and rest all just loses all of their money or a significant amount and only because of this huge greed which is found naturally in all human beings. After all, we all want more and more money and hence it's very hard to stop after a winning streak even when we have made a lot more than our initial goal when we started the session.

[Ridwan Fauzi]

In gambling industry, only few make it to be hugely profitable and rest all just loses all of their money or a significant amount and only because of this huge greed which is found naturally in all human beings. After all, we all want more and more money and hence it's very hard to stop after a winning streak even when we have made a lot more than our initial goal when we started the session.

The greedy thing has blinded a lot of someone who just addicted into gambling. I just think, if they have a good sense they won't make more deposit to keep playing gambling after they have lost a lot of money. It would be different, if they lose money and they leave it abd come again when they have money that can afford to lose also when they get winning they didn't bet all the money to gamble again in the future. I'm not weird if there is someone who just lose a million money because has addition to play gambling because he deserves to feel it.

[In the silence]

Many are actually addicted to gambling that causes their lives to be ruined. Remember that even if we win in gambling it will also be lost especially if we do not have self-discipline. So if we win big, it is better to stop gambling and force ourselves to change for the
people who love us because they will also be affected in case we have a big debt due to our gambling addiction.

[gabbie2010]

Many are actually addicted to gambling that causes their lives to be ruined. Remember that even if we win in gambling it will also be lost especially if we do not have self-discipline. So if we win big, it is better to stop gambling and force ourselves to change for the
people who love us because they will also be affected in case we have a big debt due to our gambling addiction.

Reading all the comments and post indicates that gambling can not rekt but ruin a gambler's life it so sad that a lot of them committed suicide because of lack of self discipline as you rightly said, I don't know why a gambler would gamble with such an outrageous huge sum of money without considering the consequences of losing, a lot of  them are homeless and penniless while some had resorted to begging to survive, its high government should regulate the amount money spent on gambling to checkmate these excesses squandering of money in bid to become rich overnight.

[Ayiranorea]

The list hasn't got the big winners out of gambling. If I'm not wrong every gambler who have got listed on the top as winners would've lost big through gambling. Maybe a very few could've been lucky to win big without experiencing big losses. Gambling is all about luck and the mind to take risk. Gambling isn't for the common man, it is for the people with fund and doesn't know what to do with it.

[KTChampions]

Maybe I'm wrong, but it seems to me that in most cases of these gigantic losses, those who did it could afford it. I think after these losses the level of their consumption has not changed. Another thing is when an ordinary worker loses a thousand dollars. I think this is very sensitive for him.

that is what is called risk when gambling so you can lose a very large asset, the money you use can run out immediately, but gambling can give you a lot of profit because when your guesses can be correct and accurate then you can become rich instantly.

You are probably confusing investments and gambling. In gambling, no calculation will change the mathematics of a game that initially (and always) works against the player. Maybe in poker or betting there are some options for masters to surpass the rest, but in gambling there are no such options even theoretically.

[BITCOIN4X]

Many are actually addicted to gambling that causes their lives to be ruined. Remember that even if we win in gambling it will also be lost especially if we do not have self-discipline. So if we win big, it is better to stop gambling and force ourselves to change for the
people who love us because they will also be affected in case we have a big debt due to our gambling addiction.

You will be laughed at by them if you deliberately rebuke him and say "stop because you will be poor with him." Dont gamble if you are afraid of addiction and dont promote gambling sites if you just want to get them to quit. LOL
All gambler know that gambling will be addictive and will have economic problem in the end. But whatever they think it is difficult to control their desire to gamble when they are so addicted. Some people may be able to spend 120% of what they earn each month on gambling and these are some of the mistake in gambling.

Being too eager to continue to win or make up for losses are some of the things that cause even greater losses. Gambling must have control and you should not bet over your limit if it is difficult to control it. Make this activity a mean to relieve stress and enjoy it.

[Silberman]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!
These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc… when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

Unfortunately there are people like that that use the money of someone else to gamble and in my opinion this is a clear sign that such a person has a gambling problem, after all it is bad enough that you lose all of your money to the casino but when you lose money that doesn't even belong to you then that is a clear indication that there is a big problem, and the worst part of all of this is that most likely the person that gave to the gambler that money is probably never going to trust that person again and will destroy the relationship aggravating the problem of the addicted gambler even further.

[DarkDays]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!
These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc… when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

The morale of this topic is to not risk more capital than you have. Don't get into debt just to go big on a bet which you can never be certain you'll win.

And this is also common sense among non-addicted gamblers, or at least that's what the consensus is.

Some of the original points in this thread about not going big when entering new territories can also be classified as a mistake some people make when they're confident that with their skills, but let's be honest, not all casinos play by the same rules so the strategies should be adjusted accordingly.


One fun, rule book for gamblers which is fun to read can be found here where some of these common mistakes previously outlines by others are also touched on.

[pixie85]

The case of Terrance Watanabe is very interesting. He used to gamble all the time and act like an asshole to the casino staff, but they kept being polite to him and allowing him to do all he wanted as long as he paid for it. When he lost all his money he sued them for not stopping him and allowing him to gamble on credit.

I know they took advantage of his addiction but he acted like a child who can't accept the reality. He played around with the big boys, got hurt and went to tell mommy on them.

[Debonaire217]

The case of Terrance Watanabe is very interesting. He used to gamble all the time and act like an asshole to the casino staff, but they kept being polite to him and allowing him to do all he wanted as long as he paid for it. When he lost all his money he sued them for not stopping him and allowing him to gamble on credit.

I know they took advantage of his addiction but he acted like a child who can't accept the reality. He played around with the big boys, got hurt and went to tell mommy on them.

That could be the best house edge ever possible, it isn't about the technical aspect on how the casino was designed, but how they socially engineered their employees to attract customers. Terrance Watanabe didn't noticed it that he was taken advantage already by the staffs, but I think there's nothing really wrong in here. Even not in casinos, staffs should behave like this to maintain the reputation of the business.

Maybe it was quite fair for him to be listed to the greatest gambling losers.

[Timelord2067]

...

There's occasional stories of high rollers taking Casinos to court - when you look closer at the details the argument usually boils down to a lack of control by the gambler which is usually coupled with having obtained the funds to gamble fraudulently in the first place.  I haven't heard this particular one, but it's not a new defense.

[KTChampions]

...

There's occasional stories of high rollers taking Casinos to court - when you look closer at the details the argument usually boils down to a lack of control by the gambler which is usually coupled with having obtained the funds to gamble fraudulently in the first place.  I haven't heard this particular one, but it's not a new defense.

And what are the prospects for such lawsuits? Has at least one been won? It seems to me that this is unrealistic, since initially the game in the casino is considered as the action of a fully legal citizen with legal money. And by the way, even if the money was stolen, then as far as I know, the next party that acquired it legally (won) is considered the legitimate acquirer and this money belongs to that party.

[john_nautica]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

[semobo]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

Not everyone see the lost amount in the same way moreover the affordability changes from each persons, so one who can afford will go for it and the remaining will stop their gambling activities.But some people using amount which is not affordable for them or just out of the limit from others can causes huge profits in rare and huge losses in often cases.

[Twinkledoe]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

Not everyone see the lost amount in the same way moreover the affordability changes from each persons, so one who can afford will go for it and the remaining will stop their gambling activities.But some people using amount which is not affordable for them or just out of the limit from others can causes huge profits in rare and huge losses in often cases.

Actually, when you are already deep in gambling, and if you have the money, you can't see the logic behind spending huge amount of money. It is really addicting if you are gambling for so long already. But if you are a gambler that knows the limits, you will see clearly how much you can spend into this vice. It really depends on the gambler, and if one is a degenerate one, he can't see the fact that he is already spending huge amount of money, and I guess most of these greatest gambling losers are degenerate gamblers.

[erikoy]

Actually, when you are already deep in gambling, and if you have the money, you can't see the logic behind spending huge amount of money. It is really addicting if you are gambling for so long already. But if you are a gambler that knows the limits, you will see clearly how much you can spend into this vice. It really depends on the gambler, and if one is a degenerate one, he can't see the fact that he is already spending huge amount of money, and I guess most of these greatest gambling losers are degenerate gamblers.

Losses actually made the logic of overspending in gambling. As the gambler losses money and once it accumulated over time then that would be relatively huge loss. And because of this a gambler will tend to spend more to overcome the losses being made. Bigger losses means spending more to get the money back. But, the casino would not want that to happen except if you are being lucky. This is why there were some gambler who are having huge losses that others will tend to sell their valuable things to use in their betting activities.

[Silberman]

The case of Terrance Watanabe is very interesting. He used to gamble all the time and act like an asshole to the casino staff, but they kept being polite to him and allowing him to do all he wanted as long as he paid for it. When he lost all his money he sued them for not stopping him and allowing him to gamble on credit.

I know they took advantage of his addiction but he acted like a child who can't accept the reality. He played around with the big boys, got hurt and went to tell mommy on them.

According to what I read the Caesar’s palace was fined 225k for allowing him to keep playing while intoxicated, and while this is without a doubt a low move by them we need to be very direct, the only one that cares about keeping your money in your pockets is yourself, everyone wants a piece of the money you are holding and it is our responsibility to keep our eyes open in the case something like this happens, in fact this is very common in bars in which if you are intoxicated it is not rare to be overcharged so we need to always keep our guard up especially if you have hundreds of millions of dollars at your disposal like this guy.

[Saint-loup]

Actually, when you are already deep in gambling, and if you have the money, you can't see the logic behind spending huge amount of money. It is really addicting if you are gambling for so long already. But if you are a gambler that knows the limits, you will see clearly how much you can spend into this vice. It really depends on the gambler, and if one is a degenerate one, he can't see the fact that he is already spending huge amount of money, and I guess most of these greatest gambling losers are degenerate gamblers.

Losses actually made the logic of overspending in gambling. As the gambler losses money and once it accumulated over time then that would be relatively huge loss. And because of this a gambler will tend to spend more to overcome the losses being made. Bigger losses means spending more to get the money back. But, the casino would not want that to happen except if you are being lucky. This is why there were some gambler who are having huge losses that others will tend to sell their valuable things to use in their betting activities.

I don't think there is some kind of conspiracy from the casino houses to ruin their customers, it's a very bad publicity for them indeed.
And you can see exactly the same behaviors in gambling games against other players like mutual betting or poker, when a player is in a losing spiral he no longer pays attention to what worth the amounts he's gambling, he just wants to win back his lost funds whatever it takes.

[STT]

There's nothing wrong about learning new a game or strategy, but be cautious and try to bet gradually.

Great rule, not all losses and wins are in purely money.  Losing while learning could be a cheap lesson for later on higher stakes, its all valuable experience at some point.   Until I feel I have a grasp on a game or how I want to play then I wont risk alot or even spend that much time, I just go back on a regular basis and maybe one day I have the right mood to learn alot and so gain from the experience of playing.   Eventually if I've gained enough feel for the game, I often have the confidence to play without fearing losses exactly.

[reliable]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

Not everyone see the lost amount in the same way moreover the affordability changes from each persons, so one who can afford will go for it and the remaining will stop their gambling activities.But some people using amount which is not affordable for them or just out of the limit from others can causes huge profits in rare and huge losses in often cases.

Actually, when you are already deep in gambling, and if you have the money, you can't see the logic behind spending huge amount of money. It is really addicting if you are gambling for so long already. But if you are a gambler that knows the limits, you will see clearly how much you can spend into this vice. It really depends on the gambler, and if one is a degenerate one, he can't see the fact that he is already spending huge amount of money, and I guess most of these greatest gambling losers are degenerate gamblers.

Essentially the solution for this is to have the spreadsheet where you record the win and loses so that on monthly basis you are aware of the win/loss at the end of month. Just like we have balance sheet to measure the individual earnings done throughout the year same way I believe it an effective method to do in gambling as well.

[KTChampions]

According to what I read the Caesar’s palace was fined 225k for allowing him to keep playing while intoxicated, and while this is without a doubt a low move by them we need to be very direct, the only one that cares about keeping your money in your pockets is yourself, everyone wants a piece of the money you are holding and it is our responsibility to keep our eyes open in the case something like this happens, in fact this is very common in bars in which if you are intoxicated it is not rare to be overcharged so we need to always keep our guard up especially if you have hundreds of millions of dollars at your disposal like this guy.

Some kind of nonsense in my opinion. What if they tried to test him for alcohol/drugs? After all, the casino does not have such powers.
He could only sue them for attempting such an action. I think this decision is absolutely illogical and illegal. If a person takes drugs / alcohol, then this is his own problem.

[Silberman]

According to what I read the Caesar’s palace was fined 225k for allowing him to keep playing while intoxicated, and while this is without a doubt a low move by them we need to be very direct, the only one that cares about keeping your money in your pockets is yourself, everyone wants a piece of the money you are holding and it is our responsibility to keep our eyes open in the case something like this happens, in fact this is very common in bars in which if you are intoxicated it is not rare to be overcharged so we need to always keep our guard up especially if you have hundreds of millions of dollars at your disposal like this guy.

Some kind of nonsense in my opinion. What if they tried to test him for alcohol/drugs? After all, the casino does not have such powers.
He could only sue them for attempting such an action. I think this decision is absolutely illogical and illegal. If a person takes drugs / alcohol, then this is his own problem.

I think the same I am just stating what I read about the case and that is what happened, but we must understand that this kind of behaviour will become even more common in the future, people are not willing to accept the responsibility that comes from their freedom and they want to blame someone else when they make mistakes and since those same people are the ones that end up in the government we are bound to see more fines and laws with similar principles even if they do not make sense at all.

[carlfebz2]

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!
These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc… when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

The morale of this topic is to not risk more capital than you have. Don't get into debt just to go big on a bet which you can never be certain you'll win.

And this is also common sense among non-addicted gamblers, or at least that's what the consensus is.

Some of the original points in this thread about not going big when entering new territories can also be classified as a mistake some people make when they're confident that with their skills, but let's be honest, not all casinos play by the same rules so the strategies should be adjusted accordingly.


One fun, rule book for gamblers which is fun to read can be found here where some of these common mistakes previously outlines by others are also touched on.

Easy to say and mention when it comes to moral thing but this had been always been neglected or forgotten when people is already on the field or when the time they do already play.Realizations do always come to the end when the time comes that they had already experienced hardship.

Never ever consider on spending the amount that you cant afford to lose which is a common line or suggestion but still people do fail to follow up this basic stuff.For people who are financially capable then theres no surprise on betting multi millions but we do know that they would be fucked
up a thousand more when they lose.

Same goes for small timer ones but damage wont really be that severe.As long you dont put yourself into deep debt and do compromise life savings
then you are still on the good side.

[ethereumhunter]

I think the same I am just stating what I read about the case and that is what happened, but we must understand that this kind of behaviour will become even more common in the future, people are not willing to accept the responsibility that comes from their freedom and they want to blame someone else when they make mistakes and since those same people are the ones that end up in the government we are bound to see more fines and laws with similar principles even if they do not make sense at all.

It's already happened in many places. I think people now don't know how to fix their mistakes instead of blaming other people. But if the casino still allows people to drunk while playing gambling, I think the casino needs to tell that person to stop gambling for a while, and they should take a rest for a while. They don't need to continue playing gambling when they drunk because that can make other people get trouble from him.

[glowing10]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

At times even if you lose like 100$ it is so much stuck at times in head so just imagine what would have happened for those who like lost millions of dollars. Though it is their own fault as they never knew when to stop and knowing that in gambling losing is very easy than winning it. So playing just for entertainment helps at this times because after certain time you will be able to stop when you lose a considerable amount.

[matchi2011]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

At times even if you lose like 100$ it is so much stuck at times in head so just imagine what would have happened for those who like lost millions of dollars. Though it is their own fault as they never knew when to stop and knowing that in gambling losing is very easy than winning it. So playing just for entertainment helps at this times because after certain time you will be able to stop when you lose a considerable amount.

You can say that if you have really good control of your emotions, many gamblers start from that mindsets, saying that they are capable of losing such amount and they are just doing it to have some fun, but in the long run where to much participations took place this habit to be entertained changes to aggressive types of gambling where chasing losses always taking place.

[btc78]

The case of Terrance Watanabe is very interesting. He used to gamble all the time and act like an asshole to the casino staff, but they kept being polite to him and allowing him to do all he wanted as long as he paid for it. When he lost all his money he sued them for not stopping him and allowing him to gamble on credit.

then a fool being fooled lol,Casino will tolerate all your foolishness as long as you are not hurting anyone and not damaging their facilities
 as long as you are spending money lor using your credit card because all they wanted is not you but your wallet lol.

I know they took advantage of his addiction but he acted like a child who can't accept the reality. He played around with the big boys, got hurt and went to tell mommy on them.

Casino did not took advantage because they tolerate Him,meaning Watanabe only pays for His attitude and behavior.
Remember that In gambling what they need is for us tom play continuously and randomly to lose and very rarely to win.

[ethereumhunter]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

At times even if you lose like 100$ it is so much stuck at times in head so just imagine what would have happened for those who like lost millions of dollars. Though it is their own fault as they never knew when to stop and knowing that in gambling losing is very easy than winning it. So playing just for entertainment helps at this times because after certain time you will be able to stop when you lose a considerable amount.

You can say that if you have really good control of your emotions, many gamblers start from that mindsets, saying that they are capable of losing such amount and they are just doing it to have some fun, but in the long run where to much participations took place this habit to be entertained changes to aggressive types of gambling where chasing losses always taking place.

I think we are only losses for a small amount in gambling the first time, but soon, after we played gambling too often, that amount will become bigger. And when the greediness comes to that person, he will use more money to gamble because he wants to make bigger winning. Soon, when he becomes aggressive in playing gambling, he will use bigger money, and if he losses, he will losses bigger money. That will make him end up in gambling.

[reliable]

I can’t believe that there are players that would really go this far, if I were to put myself in their shoes, I can’t imagine if how will I take it if I lose these huge amounts. I would probably be devastated and won’t gamble for a time.

At times even if you lose like 100$ it is so much stuck at times in head so just imagine what would have happened for those who like lost millions of dollars. Though it is their own fault as they never knew when to stop and knowing that in gambling losing is very easy than winning it. So playing just for entertainment helps at this times because after certain time you will be able to stop when you lose a considerable amount.

You can say that if you have really good control of your emotions, many gamblers start from that mindsets, saying that they are capable of losing such amount and they are just doing it to have some fun, but in the long run where to much participations took place this habit to be entertained changes to aggressive types of gambling where chasing losses always taking place.

Instead of looking at the greatest gambling losers, it will be better if we look and discuss the winners of the gambling. This will not only motivates us but also we can learn how those successful gamblers control their emotions and keep on winning big amounts.

Yes that is true but also we cannot neglect this part as well because addiction of gambling to any person could be very easy and then what happens is that we know by reading such stories or knowing from other experiences. So knowing all this facts and then reading about it will help to know both sides of story and accordingly one can plan and decide to gamble and be in their control.

[cabalism13]

...

It seems the list was from 2018, and I’m more curious about the current times, do we have contenders to beat the ones on the list?
But I doubt, most of us happens to value money compared before even if you’re a hard-headed gambler...
Would like to see the list of the current losers, I do hope you have one and from where did they lose such money...

[skarais]

Although the list is not the most recent, but until now it remain clear evidence that anyone can go bankrupt in gambling even though they were previously wealthy people. I dont think they thought too much about how much money was spent in the beginning, but the further they went, the more eager they became to make up for the losses until they went broke without realizing it. Really this is not the best way to gamble.

[Twinkledoe]

Although the list is not the most recent, but until now it remain clear evidence that anyone can go bankrupt in gambling even though they were previously wealthy people. I dont think they thought too much about how much money was spent in the beginning, but the further they went, the more eager they became to make up for the losses until they went broke without realizing it. Really this is not the best way to gamble.

In gambling, you can really lose huge amount of money in just short period of time. The money that you saved for so many years will be gone in an instant in gambling. That is, if you don't know how to manage yourself inside the casino. This is the reason why there are also rich people who became bankrupt owed to gambling habits. If they don't know when to stop and just go with the flow, they will wake up one day that all his assets are gone along with his family.

[maydna]

Although the list is not the most recent, but until now it remain clear evidence that anyone can go bankrupt in gambling even though they were previously wealthy people. I dont think they thought too much about how much money was spent in the beginning, but the further they went, the more eager they became to make up for the losses until they went broke without realizing it. Really this is not the best way to gamble.

Gambling will make people bankrupt, whether they are wealthy people or not. People who come to gambling places will not think about how much money will be spent, but after playing for some time, they will use more money without thinking about the amount of money.  If people do not think about that, we will see many people will bankrupt because of gambling, and many people will regret it because of what they did.

We can play gambling, but with terms and conditions, we don't have to lose all gambling money. If we know that gambling is an entertainment activity in our free time, and we always control ourselves, we will enjoy gambling games and stop anytime.

[Serious475]

Although the list is not the most recent, but until now it remain clear evidence that anyone can go bankrupt in gambling even though they were previously wealthy people. I dont think they thought too much about how much money was spent in the beginning, but the further they went, the more eager they became to make up for the losses until they went broke without realizing it. Really this is not the best way to gamble.

In gambling, you can really lose huge amount of money in just short period of time. The money that you saved for so many years will be gone in an instant in gambling. That is, if you don't know how to manage yourself inside the casino. This is the reason why there are also rich people who became bankrupt owed to gambling habits. If they don't know when to stop and just go with the flow, they will wake up one day that all his assets are gone along with his family.

Many people can't control their selves on playing gambling some of them are already lose and win a large amount of money.

If you have a lot of money gambling is just for fun only for you and you don't mind how much you win or lose on it. Sometimes the reason why a gambler always play is because they already win a large amount and they want to repeat this kind of scenario again, some of them just look for fun and fulfillment on them, some of them would like to come back their money and those are the large losers we called that they can't stop because they have a huge debt.

If many people got affected on your gambling I think it's time think first what's the problem on your self.

[Silberman]

I think the same I am just stating what I read about the case and that is what happened, but we must understand that this kind of behaviour will become even more common in the future, people are not willing to accept the responsibility that comes from their freedom and they want to blame someone else when they make mistakes and since those same people are the ones that end up in the government we are bound to see more fines and laws with similar principles even if they do not make sense at all.

It's already happened in many places. I think people now don't know how to fix their mistakes instead of blaming other people. But if the casino still allows people to drunk while playing gambling, I think the casino needs to tell that person to stop gambling for a while, and they should take a rest for a while. They don't need to continue playing gambling when they drunk because that can make other people get trouble from him.

In some jurisdictions this is already a law, casinos on those places are ordained to tell their customers to stop gambling and urge them to go home, however the caveat is they do not have an obligation to stop them, it is just a recommendation, and if people do not want to stop then it is up to them to keep gambling, this is without a doubt a terrible idea since a person that has gambled for hours and it is under the effects of alcohol will have a tendency to take terrible decisions but at the end casinos are not going out of their way to stop them since it is on their best interests to not do so.

[CODE200]

The ones on the list were incredibly bettors with a massive losses on their gambling. Those amount were not just a big amount to think like thousands of dollars but already those were million which is very costly already. Actually, I have read another thread which listed the top greatest winners which is fascinating that among the list, there are bettors who win a big amount of money even with small amount of bets on their gambling experience. Now, here I am reading the greatest losers that might have loss their controls on trying to catch their losses which makes them get into that kind of situation. This must serve as a lesson to everyone that is into gambling to take your bets and budget into control not to get like what those people in the list. There are still lots of time to avenge or take another try. Always keep up on monitoring your bets and losses to manage how and when you will stop.

[bitcoin31]

They are lost millions of dollars and maybe once they are addicted to playing more maybe soon they become poor or they lose all they have. Remember that money is not unlimited we need to control our selves in playing gambling brcause if we are greedy to the money or the profit that possible will get maybe is it cause only for us to lose it all .

We need to use our money wise because it is really helpful to our future if you are millionare you don't need to use millions of dollars In playing gambling because you need to be wise of using it if you purpose is having fun only you can use a little bit of your money.

[peter0425]

Although the list is not the most recent, but until now it remain clear evidence that anyone can go bankrupt in gambling even though they were previously wealthy people. I dont think they thought too much about how much money was spent in the beginning, but the further they went, the more eager they became to make up for the losses until they went broke without realizing it. Really this is not the best way to gamble.

Gambling will make people bankrupt, whether they are wealthy people or not. People who come to gambling places will not think about how much money will be spent, but after playing for some time, they will use more money without thinking about the amount of money.  If people do not think about that, we will see many people will bankrupt because of gambling, and many people will regret it because of what they did.

If you are greed and stupid then you will be bankrupt but if you know what gambling can bring or take from you then better not to
 spend too much time and money inside to play.

We can play gambling, but with terms and conditions, we don't have to lose all gambling money. If we know that gambling is an entertainment activity in our free time, and we always control ourselves, we will enjoy gambling games and stop anytime.

Just play and not to get rich,thats the motivation we must to not become addicted and loser.

[maydna]

~snip~

If you are greed and stupid then you will be bankrupt but if you know what gambling can bring or take from you then better not to
 spend too much time and money inside to play.

Perhaps, that is stupid to risk the money to play gambling, and the will to make money from gambling will vanish when we lose the money. But we know that many people are still gambling without thinking about how much money they already spent. So in this matter, we really need to have control, whether it is managing our time and money, so we can avoid losing big money. I really hope I can control myself if I am playing gambling from now on.

~snip~

Just play and not to get rich,thats the motivation we must to not become addicted and loser.

That is what I am trying not to become addicted to gambling. After all, I know that once I become addicted, I will difficult to control myself because I will be busy playing gambling. Never try to think about getting rich from gambling because that will not be easy, and it needs more money to gamble and make money from gambling.

[Alucard1]

That can be called as gambling addiction, they cannot quit gambling even though they already lost a huge amount of money, the money that has lost for each person mentioned above is not a joke, it is all huge amount of money, even though rich people will suffer if they lost it so quickly. For those people who can control themselves in gambling, they should visit or consult for some professionals especially for the psychiatrist, they can give some good advice for you to stop being addicted to it.

If you lose on gambling, you should know to stop, this is the bad thing for gamblers, whenever they lose the game and lost their money they will still play because of thinking that they may win it and turn back their money but they end up losing again a huge amount of money, they will only stop once they don't have the money to bet or to gamble.

[reliable]

I don't feel good for that one that has been brutally murdered after not having the capability to pay his huge debt from the casino. I'm wondering what happened to the case. The casino should been brought down. This should be a big lesson to every gamblers.

This no one supports it, there is a police or they should have gone to court and filed the complained against him because what did they got in the end nothing and more so ever surely they would be in prison and forever they will now be criminal. This is never the solution and gambler also need to know that do not gamble that much that you do not have anything left to pay or lost everything whatever you own it in your life.

[rodskee]

I don't feel good for that one that has been brutally murdered after not having the capability to pay his huge debt from the casino. I'm wondering what happened to the case. The casino should been brought down. This should be a big lesson to every gamblers.

Which case is this?and which country this happens?


There are so many syndicated things happening in casinos,there are also loan sharks rounding the place looking for victims.

Lucky for me that i never come to have a Big amount to spend when playing in casino.

I make sure that only the money allowed by my Wife will be spent and go home after.

[Debonaire217]

I don't feel good for that one that has been brutally murdered after not having the capability to pay his huge debt from the casino. I'm wondering what happened to the case. The casino should been brought down. This should be a big lesson to every gamblers.

It is one of the consequences if we do not care about our gambling habits, there's a possibility that we might not notice that we are going beyond our limits especially to the amounts that we are betting. Thus, if we borrowed huge amount and we didn't manage to pay, our lives or our relative's lives could be in danger.

For most gamblers, just make sure that you if you can't bet amounts that you can afford to lose, don't let yourselves bet the amount you don't really have.

[Silberman]

The ones on the list were incredibly bettors with a massive losses on their gambling. Those amount were not just a big amount to think like thousands of dollars but already those were million which is very costly already. Actually, I have read another thread which listed the top greatest winners which is fascinating that among the list, there are bettors who win a big amount of money even with small amount of bets on their gambling experience. Now, here I am reading the greatest losers that might have loss their controls on trying to catch their losses which makes them get into that kind of situation. This must serve as a lesson to everyone that is into gambling to take your bets and budget into control not to get like what those people in the list. There are still lots of time to avenge or take another try. Always keep up on monitoring your bets and losses to manage how and when you will stop.

It is easy to see how people lose so much money and this is simply because of the sunk cost fallacy, gamblers think they have lost so much money at the casinos that they cannot stop playing thinking that at least they want to recover the money they have lost instead of just admitting defeat and accepting their losses, this is a very common mistake that is made not only when it comes to your financial decisions but even in your personal life, for example how many couples remain together even if they are not happy anymore simply because they have put too much effort into the relationship? Many if statistics are to be believed.

[dunfida]

The ones on the list were incredibly bettors with a massive losses on their gambling. Those amount were not just a big amount to think like thousands of dollars but already those were million which is very costly already. Actually, I have read another thread which listed the top greatest winners which is fascinating that among the list, there are bettors who win a big amount of money even with small amount of bets on their gambling experience. Now, here I am reading the greatest losers that might have loss their controls on trying to catch their losses which makes them get into that kind of situation. This must serve as a lesson to everyone that is into gambling to take your bets and budget into control not to get like what those people in the list. There are still lots of time to avenge or take another try. Always keep up on monitoring your bets and losses to manage how and when you will stop.

It is easy to see how people lose so much money and this is simply because of the sunk cost fallacy, gamblers think they have lost so much money at the casinos that they cannot stop playing thinking that at least they want to recover the money they have lost instead of just admitting defeat and accepting their losses, this is a very common mistake that is made not only when it comes to your financial decisions but even in your personal life, for example how many couples remain together even if they are not happy anymore simply because they have put too much effort into the relationship? Many if statistics are to be believed.

Chasing losses or trying to break even things even if its considered totally lost will really not make things good and rather it would really make even more worst.
In gambling field, this had been a pretty common outcome for most people who do lost where they lost up that much due to continue on playing in spite on piling off their losses.Instead of stopping, they decide to continue until they do realize that its already too late.People never ever learn or accept a lesson until they do
experience the worst thing in life.For people who had huge millions then they are most capable in terms of income because you wont reach those levels if
you are just a average joe gambler.

[imstillthebest]

Instead of stopping, they decide to continue until they do realize that its already too late. People never ever learn or accept a lesson until they do
experience the worst thing in life.For people who had huge millions then they are most capable in terms of income because you wont reach those levels if
you are just a average joe gambler.

when you find your self betting again and you still have a balance . its still possible to stop and its not too late yet , that is if you realized and pause  .

thats better than to those gamblers that didnt realize a single thing of what they are doing because they will just continue  for a long time  no matter what outcomes they are getting  . people that have millions are prone to big losses than those who are small gamblers . you dont really need to compare yourself to them

[michellee]

Chasing losses or trying to break even things even if its considered totally lost will really not make things good and rather it would really make even more worst.
In gambling field, this had been a pretty common outcome for most people who do lost where they lost up that much due to continue on playing in spite on piling off their losses.Instead of stopping, they decide to continue until they do realize that its already too late.People never ever learn or accept a lesson until they do
experience the worst thing in life.For people who had huge millions then they are most capable in terms of income because you wont reach those levels if
you are just a average joe gambler.

It is hard to learn or accept the lesson if we don't have an open mind about what we did before. People tend to reject that is their mistake because basically, people don't want to blame. Even if they get the worst experience in their lives, they will not directly accept that, but they need time to think, admit, and realize that what they did is wrong. So if they lose their money in gambling, and that is because they lose control of themselves, they will not realize it, maybe not now, sooner or later, if they can think about what they did, they will realize and try to change it.

[erikoy]

It is hard to learn or accept the lesson if we don't have an open mind about what we did before. People tend to reject that is their mistake because basically, people don't want to blame. Even if they get the worst experience in their lives, they will not directly accept that, but they need time to think, admit, and realize that what they did is wrong. So if they lose their money in gambling, and that is because they lose control of themselves, they will not realize it, maybe not now, sooner or later, if they can think about what they did, they will realize and try to change it.

In short they were so depress on their losses and wanted a comeback but it did not happen. This not actually getting lose control of themselves but this is like wanting a good desire when all things gone wrong. But it will be difficult to make winning against casino for they had the house edge to which it design for the casino to win. This is business for them and no luck is needed for them to earn. Still gambler did not realize this and continue to gamble even if it means losing that much. This is considered as addiction and hopefully gamblers will learn about this. Gambling should be considered as leisure for fun and excitement.

[michellee]

It is hard to learn or accept the lesson if we don't have an open mind about what we did before. People tend to reject that is their mistake because basically, people don't want to blame. Even if they get the worst experience in their lives, they will not directly accept that, but they need time to think, admit, and realize that what they did is wrong. So if they lose their money in gambling, and that is because they lose control of themselves, they will not realize it, maybe not now, sooner or later, if they can think about what they did, they will realize and try to change it.

In short they were so depress on their losses and wanted a comeback but it did not happen. This not actually getting lose control of themselves but this is like wanting a good desire when all things gone wrong. But it will be difficult to make winning against casino for they had the house edge to which it design for the casino to win. This is business for them and no luck is needed for them to earn. Still gambler did not realize this and continue to gamble even if it means losing that much. This is considered as addiction and hopefully gamblers will learn about this. Gambling should be considered as leisure for fun and excitement.

When they become depressed, they will work hard to the mistake because all of what they see is how they can get their money again. If they try again to play with more money, that will make them lose that money. It is difficult to win from the casino because that is their place, and the casino will not let the gambler win so much money, although the gambler can win that money in some time. We should realize that gambling is not the way to make money, but gambling helps us release the stress we have in our busy day.

[jademaxsuy]

<snip>

And that is the greatest mistake that could happen to a gambler. Why they are like that when there are too many advises for free that had been spread through awareness like from friends, family and relatives?

I think the real problem here is the attitude. Being a hard headed gambler will going to taste the medicine he will never wanted and that include great losses from gambling activities. Well, what can we do? It is in their attitude that make the who they are and their losses. It is not ours to decide what they wanted to be in their life.

However, there could be ways to change attitude especialy in easily getting addicted. Let them have some pets and definitely their time will get involved to animals but let this not be a reason too to stop gambling. Life is full of fun and excitement with it. Just consider gambling as leisure.

[Darkelf11]

~

~

When they become depressed, they will work hard to the mistake because all of what they see is how they can get their money again. If they try again to play with more money, that will make them lose that money. It is difficult to win from the casino because that is their place, and the casino will not let the gambler win so much money, although the gambler can win that money in some time. We should realize that gambling is not the way to make money, but gambling helps us release the stress we have in our busy day.

Some gamblers can cope up with their loss on gambling because they strongly set some great discipline within themselves before they went into their gambling career. It's sad that some gamblers are just playing because they need money, they rely on gambling that much, risking their money that should be used for their food, bills, etc.

If someone want to gamble even having financial problem, he must strongly align himself and set maximum loss and minimum or maximum profit in a daily or weekly basis. Do not use all of your founds.

[michellee]

And that is the greatest mistake that could happen to a gambler. Why they are like that when there are too many advises for free that had been spread through awareness like from friends, family and relatives?

I think the real problem here is the attitude. Being a hard headed gambler will going to taste the medicine he will never wanted and that include great losses from gambling activities. Well, what can we do? It is in their attitude that make the who they are and their losses. It is not ours to decide what they wanted to be in their life.

However, there could be ways to change attitude especialy in easily getting addicted. Let them have some pets and definitely their time will get involved to animals but let this not be a reason too to stop gambling. Life is full of fun and excitement with it. Just consider gambling as leisure.

They don't listen to their closest people to control themselves in gambling because they don't want to see their friends around them and interfere with their time. The gambler's attitude must be changed, and they need to try to listen to the suggestion. Otherwise, they will not have a chance to solve the problem. But if their closest people can always suggest and stay with the gambler, I think that can help the gambler to realize their mistake. Who knows by staying closest to the gambler can change their attitude to be better. Maybe those people can distract the gambler's mind about gambling, so slowly, the attitude will change.

Some gamblers can cope up with their loss on gambling because they strongly set some great discipline within themselves before they went into their gambling career. It's sad that some gamblers are just playing because they need money, they rely on gambling that much, risking their money that should be used for their food, bills, etc.

If someone want to gamble even having financial problem, he must strongly align himself and set maximum loss and minimum or maximum profit in a daily or weekly basis. Do not use all of your founds.

If someone wants to gamble even having financial problems, he must strongly align himself and set maximum loss and minimum or maximum profit on a daily or weekly basis. Do not use all of your founds.

When gamblers are playing gambling because they need money, they will not make that money, but they will lose that money because gambling is designed to take their money in the long term. We don't have to rely on gambling and risking our money, but we need to find a job that can help us pay those bills. The financial problem can be solved by having another source of income, and not by playing gambling.

[MFahad]

Chasing losses or trying to break even things even if its considered totally lost will really not make things good and rather it would really make even more worst.
In gambling field, this had been a pretty common outcome for most people who do lost where they lost up that much due to continue on playing in spite on piling off their losses.Instead of stopping, they decide to continue until they do realize that its already too late.People never ever learn or accept a lesson until they do
experience the worst thing in life.For people who had huge millions then they are most capable in terms of income because you wont reach those levels if
you are just a average joe gambler.

It is hard to learn or accept the lesson if we don't have an open mind about what we did before. People tend to reject that is their mistake because basically, people don't want to blame. Even if they get the worst experience in their lives, they will not directly accept that, but they need time to think, admit, and realize that what they did is wrong. So if they lose their money in gambling, and that is because they lose control of themselves, they will not realize it, maybe not now, sooner or later, if they can think about what they did, they will realize and try to change it.

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

[pawanjain]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

[lienfaye]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

Well its not easy to have a self control for some gamblers especially if they experience how to win. It can trigger to chase more thinking that they can earn bigger and will only realize the mistakes after losses and left with nothing. Gambling is a big risk and like those people stated by op, we can do crazy things for the sake of gambling. Dont gamble if you know to yourself that you cant discipline and limit yourself.

[MCobian]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

We all realize that the main cause of loss in gambling is greed, indeed the only way to prevent greed is self-control.
Without self control we can become greedy when playing gambling. Especially when we win in a row, this will lead to
the desire to continue playing gambling, which in the end we can lose all the profits that have been made. So we have
to be disciplined to control ourselves, do not greed over us. We must immediately stop playing gambling as soon as we
get a profit.

[KTChampions]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

Losing is one of the most useful events that can help a gambler avoid losses in the future and not be addicted to the game. I have always said (based on personal experience - I saw how it happened with real people) that the real lucky one is the one who loses when starting to gamble. He immediately gets an adequate idea of the game. Anyone who starts his "career" with winnings often gets drunk with success and in the end everything ends very sadly.

[michellee]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

Yeah, many people still lose their money and use more money to expect for making a winning. If they are still greedy after they win some money, it will not need to wait for the long term to see they will lose that win money. Maybe they really need to follow a course about controlling their emotion to manage their emotion in gambling and prevent big losses.
Once they can master controlling emotion, they will feel that playing gambling will be fun because they can handle the emotion better than before.

[Rengga Jati]

--snip--

I can't imagine if I was them, and probably I will never be them because never betting in high amount.
Here, I also wonder how they are thinking and doing after the loss? I know this is not my right to ask this.
It may be a nightmare or event a big shock for them. But it may mean nothing if they have won several times more than the amount.

[Danslip]

Looks interesting and horrifying at the same time, losing huge amounts can lead to suicide if the person is not mentally strong. The only name that dug in my mind regarding the losses in the gambling industry is Ashley Revell who has made a bet with his whole life savings on one roulette spin. For those who are interested in the final result, you can check this video: http://y2u.be/zGCdBsOIKYA In my opinion, this madness should be banned and everyone who bets huge amounts have provide the source of funds. Sorry if this guy has been mentioned before on the thread but I didn't find his name on the list of OP.

[Debonaire217]

I can't imagine if I was them, and probably I will never be them because never betting in high amount.
Here, I also wonder how they are thinking and doing after the loss? I know this is not my right to ask this.
It may be a nightmare or event a big shock for them. But it may mean nothing if they have won several times more than the amount.

Most of them are already having huge funds because of their business, but putting our selves to their shoes, we are also vulnerable to be attracted by gambling and its fortune. It Is just that most of us have a limited access to most of the gambling platforms in physical casinos especially right now, when we need to distance and limited our social interaction.

But wayback before, I think the peer pressure actually is the one pushes these gamblers to their position right now.

[Eureka_07]

<snip>

Most of them are already having huge funds because of their business, but putting our selves to their shoes, we are also vulnerable to be attracted by gambling and its fortune. <snip>

I agree. I experienced it myself, I never thought that there will be time on me to bet much higher bets on the average amount of bet that I am placing.
I've been attracted by the possible winning thinking that I could get more if I bet more to a single round.
Also, if I lost on  consequtive times, I most of the time, I become more eager to get back my loss through placing larger bets.
This lead me recently to be banckrupted, we must not be taken away by our feelings and make more rational decision when we play.

[bitzizzix]

I can't imagine if I was them, and probably I will never be them because never betting in high amount.
Here, I also wonder how they are thinking and doing after the loss? I know this is not my right to ask this.
It may be a nightmare or event a big shock for them. But it may mean nothing if they have won several times more than the amount.

Most of them are already having huge funds because of their business, but putting our selves to their shoes, we are also vulnerable to be attracted by gambling and its fortune. It Is just that most of us have a limited access to most of the gambling platforms in physical casinos especially right now, when we need to distance and limited our social interaction.

But wayback before, I think the peer pressure actually is the one pushes these gamblers to their position right now.

Yes, I think so, most likely because they are people who can afford or own a business that can easily get cash back, making it easy to waste money and also easy to get cash back outside of gambling.
But what is done is pointless and useless even if the reason is only for pleasure, because it does not make the best use of money.

[MWesterweele]

I can't imagine if I was them, and probably I will never be them because never betting in high amount.
Here, I also wonder how they are thinking and doing after the loss? I know this is not my right to ask this.
It may be a nightmare or event a big shock for them. But it may mean nothing if they have won several times more than the amount.

Most of them are already having huge funds because of their business, but putting our selves to their shoes, we are also vulnerable to be attracted by gambling and its fortune. It Is just that most of us have a limited access to most of the gambling platforms in physical casinos especially right now, when we need to distance and limited our social interaction.

But wayback before, I think the peer pressure actually is the one pushes these gamblers to their position right now.

I can't even imagine how they can put a huge amount of bet in gambling. I can't even imagine also how did they cope up if ever they get lost all of that money they have. A fortune in gambling was definitely unpredictable and worst case scenerio was there is a high probability of losses than winning. But honestly speaking i bet those who are a risk taker yo put huge amount of bet in gambling can be classified as addicting in an instant money.

[btc78]

I can't imagine if I was them, and probably I will never be them because never betting in high amount.
Here, I also wonder how they are thinking and doing after the loss? I know this is not my right to ask this.
It may be a nightmare or event a big shock for them. But it may mean nothing if they have won several times more than the amount.

Most of them are already having huge funds because of their business, but putting our selves to their shoes, we are also vulnerable to be attracted by gambling and its fortune. It Is just that most of us have a limited access to most of the gambling platforms in physical casinos especially right now, when we need to distance and limited our social interaction.

But wayback before, I think the peer pressure actually is the one pushes these gamblers to their position right now.

I can't even imagine how they can put a huge amount of bet in gambling. I can't even imagine also how did they cope up if ever they get lost all of that money they have. A fortune in gambling was definitely unpredictable and worst case scenerio was there is a high probability of losses than winning. But honestly speaking i bet those who are a risk taker yo put huge amount of bet in gambling can be classified as addicting in an instant money.

because they have too much money to spend in gambling simple as that,if they have no amount how could they afford to lose that huge amount?

what made me think is what happen to their family if they lose everything and even their businesses?
this is something only fool can do(my own opinion)because for me?i will never let my reputation and family at risk just because of gambling.

[Silberman]

The ones on the list were incredibly bettors with a massive losses on their gambling. Those amount were not just a big amount to think like thousands of dollars but already those were million which is very costly already. Actually, I have read another thread which listed the top greatest winners which is fascinating that among the list, there are bettors who win a big amount of money even with small amount of bets on their gambling experience. Now, here I am reading the greatest losers that might have loss their controls on trying to catch their losses which makes them get into that kind of situation. This must serve as a lesson to everyone that is into gambling to take your bets and budget into control not to get like what those people in the list. There are still lots of time to avenge or take another try. Always keep up on monitoring your bets and losses to manage how and when you will stop.

It is easy to see how people lose so much money and this is simply because of the sunk cost fallacy, gamblers think they have lost so much money at the casinos that they cannot stop playing thinking that at least they want to recover the money they have lost instead of just admitting defeat and accepting their losses, this is a very common mistake that is made not only when it comes to your financial decisions but even in your personal life, for example how many couples remain together even if they are not happy anymore simply because they have put too much effort into the relationship? Many if statistics are to be believed.

Chasing losses or trying to break even things even if its considered totally lost will really not make things good and rather it would really make even more worst.
In gambling field, this had been a pretty common outcome for most people who do lost where they lost up that much due to continue on playing in spite on piling off their losses.Instead of stopping, they decide to continue until they do realize that its already too late.People never ever learn or accept a lesson until they do
experience the worst thing in life.For people who had huge millions then they are most capable in terms of income because you wont reach those levels if
you are just a average joe gambler.

And that is were the sunk cost fallacy takes centre stage, once you have lost money then that money is already lost and there is now way to recover it, that is a cost that already happened and should have not influence on your future decisions, a rational gambler should be thinking about the capital that he has and what he can do to protect it and in that case stopping your gambling activities is the right choice but that is not possible for those that want to recover their money no matter the cost.

[Lucasgabd]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

[livingfree]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

Many of them are totally rich and that can place around 1%-10% of their wealth. But some others are not too careful of taking their wealth safe, they gamble as much as they can and doesn't think of the outcome.

Knowing their net worth, I think you can search them on google and take time to research about their lives and see how much their worth is. And, how much is the percentage of their total loss within their net.

[qwertyup23]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

To be honest, I think their mindset was clouded with bad judgement since they can gamble and afford to loss the resources. The problem is their addiction in the whole gambling game. These people are considered rich and they have gambled almost all of their resources with the hope of recovering what they loss in the process.

I just hope that people here learn from their lesson as they only regretted it once they have already lost everything. If one does not have the discipline to control their addiction, I highly suggest to seek help and support from your peers or family members.

[carlisle1]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

To be honest, I think their mindset was clouded with bad judgement since they can gamble and afford to loss the resources. The problem is their addiction in the whole gambling game. These people are considered rich and they have gambled almost all of their resources with the hope of recovering what they loss in the process.

or maybe it is easy to say that they are really hooked in gambling or much called Addicted so they have no things in mind but to chase wins even the truth is only losses is what they got.

I just hope that people here learn from their lesson as they only regretted it once they have already lost everything. If one does not have the discipline to control their addiction, I highly suggest to seek help and support from your peers or family members.

maybe they will learn lesson if they already lose everything together with their family and people who loves them.
because if they can lose millions so what is the value of each person around them?

[traderethereum]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

To be honest, I think their mindset was clouded with bad judgement since they can gamble and afford to loss the resources. The problem is their addiction in the whole gambling game. These people are considered rich and they have gambled almost all of their resources with the hope of recovering what they loss in the process.

I just hope that people here learn from their lesson as they only regretted it once they have already lost everything. If one does not have the discipline to control their addiction, I highly suggest to seek help and support from your peers or family members.

Their addiction will give them a problem in the future if they don't want to try to stop gambling.
I don't think that people are rich because I see that many people who don't have much money are still playing gambling, and many of them become addicted to gambling.
It is hard to help them solve their addicting, but we can avoid becoming addicted like them by always using limitation, controlling ourselves, and still staying calm.
We can not deny that the tempt of gambling, or the passion will become bigger, but if we have control, I am sure that we will be okay.

[glowing10]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

We all realize that the main cause of loss in gambling is greed, indeed the only way to prevent greed is self-control.
Without self control we can become greedy when playing gambling. Especially when we win in a row, this will lead to
the desire to continue playing gambling, which in the end we can lose all the profits that have been made. So we have
to be disciplined to control ourselves, do not greed over us. We must immediately stop playing gambling as soon as we
get a profit.

If someone just cannot control themself or lack the discipline they should stay away from gambling else it is going to be difficult for them because greed is something which cannot be control and in gambling everyone thinks it is a very quick way to make money from it. Which may become true for few people but not for all.

[pankowri]

Many believes that winning always favor the houses, but there's still many who believes that in a certain point and chance, they could take the win. There's nothing wrong with that, what is wrong is when we have a losing streak but still continues to play anyway.

Have you ever wonder what happens if someone bets a huge amound of fund, the same way as those who betted all in in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.

I've read this artcile What Happens to the Biggest Gambling Losers? stating some instances of biggest gambling losers.

10. Chun Lei "Samrostan" Zhu - Lost $15 million

lost about $15 million while he learned the ropes playing high stakes poker online.

There's nothing wrong about learning new a game or strategy, but be cautious and try to bet gradually.

9. Akio Kashiwagi - Lost $19 million

in 1992, he was found brutally murdered in his home near Mount Fuji, stabbed over 150 times.

Spending too much in a casino especially putting yourself into a huge debt from a variety of casino could risk even your life. Learn to bet an amount that you can afford to lose from your own pocket and do not risk funds that you aren't sure if you have the capacity to pay.

8. Gus Hansen - Lost $21.7 million

He has accrued $21.7 million in online poker losses at Full Tilt.

We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.

7. Kerry Packer - Lost $30 million

he would place enormous wagers on the roulette wheels of London’s Crockford’s casino, only to lose on all of them.

Despite of his huge loss in gambling sprees, Kerry Packer is known to still have huge assets and $30 million is just a small amount for him. This is the ideal gambler for me, since he know that he could still live in peace even if he lose a huge amount.

6. Michael Jordan - Lost $? million

he lost $2.5 million in six hours of playing blackjack. It is also rumored that his first retirement was actually a secret suspension from the NBA.

Knowing that we have a very popular image, becoming a gambler could impact how the way people see us in public. Perhaps, being a politician or a person who handles financial insitition could induce doubts for people to believe on us even if we really don't have an intention to gamble even a part of funds that doesn't belongs to us.

5. Archie Karas - Lost $40 million

In 2015, he was caught cheating at a San Diego-area casino, marking cards. He was also caught cheating by fixing chips

He was believed to turned $50 dollars into $40 million by playing poker. With years of playing, he lost it all and found out that he was cheating in casinos. There's nothing wrong with losing because there's always a time to stand up again and play. But there's no hope if we got banned from casinos through cheating.

4. John Daly - Lost $55 million

While he won an impressive $35 million, he lost and even more staggering $90 million, working out to a total loss of $55 million.

After losing, John Daly switched from $5000 slot machines to $25 ones. There's nothing wrong by playing in moderation, it means that we are learning from our mistakes and it is a way to stop the impact of a huge losing streak. Our goal in gambling is not just to be rich but to experience the fun in it. $25 slot machine is still a slot machine right?

3. Omar Siddiqui - Lost $121 million

Even as he earned $225,000 a year, he once lost $8 million in a day.

He played at the Venetian and MGM Grand while having a multi-million dollar debts from other casinos at the same time. It was also said that he used $65 million from his company in gambling. If we could think of a way to pay out debts, gambling is not the best idea, as it could put us down to deeper debt if we didn't succeed.

2. Zhenli Ye Gon - Lost $125 million

Between 2004 and 2007, Zhenli gambled away over $125 million – in cash. He was among the largest up-front cash-only players at the Venetian and in Las Vegas in general.

After losing $125 million in gambling, in 2007, Zhenli's home in mexico was raided and authorities found out a huge amount of drug money. It's a big learning for us to always use a clean money in gambling. That's why sometimes, casinos have bad images, since movies are showing big gamblers who gets their money from illegal activities.

1. Terrance Watanabe - Lost $127 million

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

He was said to lose for about $5 million a day playing 24 hourse in casinos and with this, he was burried to dept. IMO, it impacts his health allot with the lifestyle he lived, that he got a cancer. As a gambler, we should take good care of ourselves and spend a most of our time than gambling. Money isn't always the solution for happiness, perhaps, bonding with our family is better and building memories with them are the treasure that we can keep forever.

I just wondered to see the stats of amount which they lost already. The one and only thing is greed which is responsible to loss everything. I believe that there are many people are involved for very much aggressive in nature in gambling and resulted to loss everything for their greediness. I am also a victim and I have lost small amount as considering with them the amount is nothing, lol

I have learnt a lesson already, if they can't understand then no way to teach them anymore. Aggressive nature is very much responsible for losing everything.

[erikoy]

If someone just cannot control themself or lack the discipline they should stay away from gambling else it is going to be difficult for them because greed is something which cannot be control and in gambling everyone thinks it is a very quick way to make money from it. Which may become true for few people but not for all.

Actually there is no need to get away from gambling just to avoid into gambling addiction. Gambling is one way to get involved in socializing, having fun and excitement and sometimes gaining profit.

The fun should not be avoided. The only to get out of gambling addiction ia to change mindset. A good mindset for gambling is that casino do always win in gambling. Gambling is just for leisure and socialization meeting new friends outside.

Do this mindset could apply to solve gambling addiction? I think so!

[Wexnident]

I'm actually amazed how much the first place lost so much. Must be possible due to him being rich, or him just selling his lungs, kidneys, or anything possible, and then just dying off, leaving his bets behind, though I'm more inclined to believe that he's actually rich. Still, up to him to lose so much, the fact that he could probably mean he could afford it though. I actually won't condemn people that gamble when they have the capability to do so, but if they don't, that's the moment that I'll actually judge them. It doesn't mean that I agree with them losing that much to gambling though.

Actually there is no need to get away from gambling just to avoid into gambling addiction. Gambling is one way to get involved in socializing, having fun and excitement and sometimes gaining profit.

The fun should not be avoided. The only to get out of gambling addiction ia to change mindset. A good mindset for gambling is that casino do always win in gambling. Gambling is just for leisure and socialization meeting new friends outside.

Do this mindset could apply to solve gambling addiction? I think so!

Having discipline and having fun are both prerequisites for you to actually enjoy gambling. It's like how needlessly having fun is wrong, and even if it does seem that you enjoy doing something, doing it excessively could ruin that same enjoyment you were feeling. 

[Lucasgabd]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

To be honest, I think their mindset was clouded with bad judgement since they can gamble and afford to loss the resources. The problem is their addiction in the whole gambling game. These people are considered rich and they have gambled almost all of their resources with the hope of recovering what they loss in the process.

I just hope that people here learn from their lesson as they only regretted it once they have already lost everything. If one does not have the discipline to control their addiction, I highly suggest to seek help and support from your peers or family members.

totally
it's a lot more exciting to talk about total losses and big bets.
but not many are talking about dopamine addiction and how gambling can change neurotransmiter balance.

[Assface16678]

So far I'm not like those gamblers because I'm just a small-time gambler who would like to earn just a single penny and enjoy and make some enjoyment in gambling. I think they become a large earner so they already wage a large amount of money this kind of wage is just normal because you can't earn a large amount if you do not have wage a large value too.

I can't imagine if I was them, and probably I will never be them because never betting in high amount.
Here, I also wonder how they are thinking and doing after the loss? I know this is not my right to ask this.
It may be a nightmare or event a big shock for them. But it may mean nothing if they have won several times more than the amount.

Most of them are already having huge funds because of their business, but putting our selves to their shoes, we are also vulnerable to be attracted by gambling and its fortune. It Is just that most of us have a limited access to most of the gambling platforms in physical casinos especially right now, when we need to distance and limited our social interaction.

But wayback before, I think the peer pressure actually is the one pushes these gamblers to their position right now.

I can't even imagine how they can put a huge amount of bet in gambling. I can't even imagine also how did they cope up if ever they get lost all of that money they have. A fortune in gambling was definitely unpredictable and worst case scenerio was there is a high probability of losses than winning. But honestly speaking i bet those who are a risk taker yo put huge amount of bet in gambling can be classified as addicting in an instant money.

because they have too much money to spend in gambling simple as that,if they have no amount how could they afford to lose that huge amount?

what made me think is what happen to their family if they lose everything and even their businesses?
this is something only fool can do(my own opinion)because for me?i will never let my reputation and family at risk just because of gambling.

I think they are in a hard time into gambling and some of their family knew that they know this is the thing they could earn if that so I think it's nothing to worry about gambling because they are a large earner at the start and losing of money is part of the game.

[Question123]

Why they lost millions of dollars money is very important to our life and not unlimited because once a person did not know how his limitations or on how to spend his money they possible to lose it all. I hope they using their money for right thing because better to have plan on it I wiuld say that playing gambling is not good but in moderation just spend thousands dollars maximum is enough to fullfill their happiness because mostly rich people their reasons why they are playing gambling is to make happy or they enjoy playing. But it depends on them because they are using their own money not mine Im only giving my suggesstion of what is I think is good for them.

[ShowOff]

So far I'm not like those gamblers because I'm just a small-time gambler who would like to earn just a single penny and enjoy and make some enjoyment in gambling.

When you have made gambling a way to make money, then problems will soon come. You don't have to gamble to make money even in small amount. I knew that I had been gambling for years and it was because of money, and finally I had to realize that I was spending time and money just to make money. This is a big mistake in my gambling, and maybe I should change it for a better gambling experience.

Always pay attention to gambling problem that must be avoided and if they cant be controlled then I think we must immediately solve the problem with the help of others.

[hahay]

So far I'm not like those gamblers because I'm just a small-time gambler who would like to earn just a single penny and enjoy and make some enjoyment in gambling.

When you have made gambling a way to make money, then problems will soon come. You don't have to gamble to make money even in small amount. I knew that I had been gambling for years and it was because of money, and finally I had to realize that I was spending time and money just to make money. This is a big mistake in my gambling, and maybe I should change it for a better gambling experience.

Always pay attention to gambling problem that must be avoided and if they cant be controlled then I think we must immediately solve the problem with the help of others.

Every individual has a different personality because I personally always gamble to earn an income, but if I lose then I will stop. The long journey in gambling at least makes it easier for us to control ourselves or our emotions. Even though gambling is used as a source of income but if you have control, I think it will be fine for her life. Big losses in the past at least I will try to happen only once or twice in the gambling experience, then we don't need to make the same mistakes even though gambling continues to be an activity or habit in everyday life.

[palle11]

Why they lost millions of dollars money is very important to our life and not unlimited because once a person did not know how his limitations or on how to spend his money they possible to lose it all. I hope they using their money for right thing because better to have plan on it I wiuld say that playing gambling is not good but in moderation just spend thousands dollars maximum is enough to fullfill their happiness because mostly rich people their reasons why they are playing gambling is to make happy or they enjoy playing. But it depends on them because they are using their own money not mine Im only giving my suggesstion of what is I think is good for them.

Reading on the experiences is really eye opening. Although most gamblers have lost money in this but the rate of loses are different. If you are poor and you keep losing money, that will definitely affect one but if you are rich and you lose money very minimal to your wealth, well you may not feel it. It all depends on how much we lose anyway.

[Silberman]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

In some cases the losses were above 100% as those people asked for loans to keep gambling basically ruining their lives in the process, however as you say everything needs to be put into perspective, if a person lost 30 million dollars on gambling that would seem like a huge amount to all of us but if that person had 3 billion dollars on wealth then that is just 1% of his total net worth and it is not cause for worry for him, but most likely it will still get him some bad press.

[Lucasgabd]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

In some cases the losses were above 100% as those people asked for loans to keep gambling basically ruining their lives in the process, however as you say everything needs to be put into perspective, if a person lost 30 million dollars on gambling that would seem like a huge amount to all of us but if that person had 3 billion dollars on wealth then that is just 1% of his total net worth and it is not cause for worry for him, but most likely it will still get him some bad press.

yes, that's crazy.
dopamine addiction can be quite harmfull (of course it can be more than only that, but it's interesting to see how many people are not able to calculate risks of a choice and ruin themselves in the process)

[ShowOff]

yes, that's crazy.

There is too much gambling craze and it will not end. Victory, defeat, addiction, family problem, economy, bankruptcy, being laughed at, humiliated and these are the thing that stick to the gambler whose addiction has gone beyond normal limit.

Of course that is one of the gambling behavior that are considered bad by many people. I know that some highly addicted gambler will continue to gamble even on borrowed money. They borrow money and gamble with the aim of winning more money and covering previous losses. I think this is a misperception because if a gambler continues to chase wins to compensate for losses then I believe in the end it will only add to the losses.

[Eureka_07]

yes, that's crazy.

They borrow money and gamble with the aim of winning more money and covering previous losses. I think this is a misperception because if a gambler continues to chase wins to compensate for losses then I believe in the end it will only add to the losses.

It's fine chasing wins as long as you had managed your funds in most efficient, least risk, and much safer way.
You don't want to be bankrupted and lose all your fhnds just because you are chasing and hoping that ou will win in the next rounds.

Improper management of funds, as well as emotions, will most likely lead to bankruptcy.
Use the most successful strategy.

[Lucasgabd]

yes, that's crazy.

There is too much gambling craze and it will not end. Victory, defeat, addiction, family problem, economy, bankruptcy, being laughed at, humiliated and these are the thing that stick to the gambler whose addiction has gone beyond normal limit.

Of course that is one of the gambling behavior that are considered bad by many people. I know that some highly addicted gambler will continue to gamble even on borrowed money. They borrow money and gamble with the aim of winning more money and covering previous losses. I think this is a misperception because if a gambler continues to chase wins to compensate for losses then I believe in the end it will only add to the losses.

oh, I don't expect it to change at any time soon (if ever).
human nature.

we're not so different than 2,000 years ago.
we just have more technology.

<...>

<..>

It's fine chasing wins as long as you had managed your funds in most efficient, least risk, and much safer way.
You don't want to be bankrupted and lose all your fhnds just because you are chasing and hoping that ou will win in the next rounds.

Improper management of funds, as well as emotions, will most likely lead to bankruptcy.
Use the most successful strategy.

indeed:
learning about proper risk management is a must.
Can save you so much money.

[Serious475]

Why they lost millions of dollars money is very important to our life and not unlimited because once a person did not know how his limitations or on how to spend his money they possible to lose it all. I hope they using their money for right thing because better to have plan on it I wiuld say that playing gambling is not good but in moderation just spend thousands dollars maximum is enough to fullfill their happiness because mostly rich people their reasons why they are playing gambling is to make happy or they enjoy playing. But it depends on them because they are using their own money not mine Im only giving my suggesstion of what is I think is good for them.

Reading on the experiences is really eye opening. Although most gamblers have lost money in this but the rate of loses are different. If you are poor and you keep losing money, that will definitely affect one but if you are rich and you lose money very minimal to your wealth, well you may not feel it. It all depends on how much we lose anyway.

So it is important for each player to first know how much they can afford to lose and play accordingly. Just by reading somebody won so much etc and feel that even they can also win the same or more might not happen. Each one has different luck and skills so judge yourself and check your own position and then gamble because once lost big money then nothing else is left later other than regretting it.

Being a gambling user makes you also a winner because in the world of gambling there are no such word like lose because if you lose in a round then you can learn on what you've mistaken and you can win for the next time you experience that struggle again. You need to learn more about gambling before you win a lot because if you don't learn many things and you keep winning, you will not get thrilled for every bet you are doing because you don't feel like losing and the worst part of this is you can get a big disappointment for the first time you are going to get defeated.

[Becky666]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

Well, greed is always a part of the gamblers. From my little years in gambling thousands of losers are those who can't shun greed while gambling. Sometimes, greed can be to the advantage of the gambler but mostly sometimes end in disadvantage. I have made some good greed while I ended up in advantage, still remember that: I was able to make closely $100 profit back in 2019. Though, this was purely base on luck and not on my skills as i can remember. Conclusively, having a greed isn't bad but ensuring to have self control over your greed.

[rodskee]

yes, that's crazy.

There is too much gambling craze and it will not end. Victory, defeat, addiction, family problem, economy, bankruptcy, being laughed at, humiliated and these are the thing that stick to the gambler whose addiction has gone beyond normal limit.

it will not stick in gamblers if they did not allow that to happen,so this mean it is every gamblers mistakes if they become addicted
and go through that everytime.

Of course that is one of the gambling behavior that are considered bad by many people. I know that some highly addicted gambler will continue to gamble even on borrowed money. They borrow money and gamble with the aim of winning more money and covering previous losses. I think this is a misperception because if a gambler continues to chase wins to compensate for losses then I believe in the end it will only add to the losses.

and that is a lenders thing to give them money or not but if i were in the position?and found out that what they are borrowing from me is for gambling?
for sure i will never let them have that money instead i will let them realize what mistakes they did and how much trouble they bring.

[Google+]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

Well, greed is always a part of the gamblers. From my little years in gambling thousands of losers are those who can't shun greed while gambling. Sometimes, greed can be to the advantage of the gambler but mostly sometimes end in disadvantage. I have made some good greed while I ended up in advantage, still remember that: I was able to make closely $100 profit back in 2019. Though, this was purely base on luck and not on my skills as i can remember. Conclusively, having a greed isn't bad but ensuring to have self control over your greed.

My greedy nature will always exist in people who gamble but I think if you are greedy you will experience your own losses because sometimes you cannot control our emotions and are affected by the conditions of the gambling place which ultimately make us addicted and have difficulty getting away from the gambling place, even though You have been able to get as much profit as you have mentioned, but I am sure that at this time you are having difficulty getting that much profit again because the gambling place will always be improved the script so that it will be more difficult to win games at the gambling place.

[Becky666]

Having a loss in gambling is a normal thing but not learning any lessons from it will make you lose more from gambling. Sometimes gamblers become greedy or sometimes emotions come into play which is the major cause of loses in gambling. Gamblers need to overcome these things as then only there will be more chances for the gamblers to win.

That's very true. Greed is often the reason for huge losses and only Self control can help us overcome greed.
Having self control is key a concept in gambling because that is what helps us control our losses.
Many gamblers are incapable of this and end up losing more than they could afford. It is the Greed that overcomes their capability.
I have myself encountered losses but I try to control myself from over gambling and this certainly helps me to limit my losses.

Well, greed is always a part of the gamblers. From my little years in gambling thousands of losers are those who can't shun greed while gambling. Sometimes, greed can be to the advantage of the gambler but mostly sometimes end in disadvantage. I have made some good greed while I ended up in advantage, still remember that: I was able to make closely $100 profit back in 2019. Though, this was purely base on luck and not on my skills as i can remember. Conclusively, having a greed isn't bad but ensuring to have self control over your greed.

My greedy nature will always exist in people who gamble but I think if you are greedy you will experience your own losses because sometimes you cannot control our emotions and are affected by the conditions of the gambling place which ultimately make us addicted and have difficulty getting away from the gambling place, even though You have been able to get as much profit as you have mentioned, but I am sure that at this time you are having difficulty getting that much profit again because the gambling place will always be improved the script so that it will be more difficult to win games at the gambling place.

Been greedy don't actually give addiction in gambling, what has lead thousands into addiction is lack of self-control while gambling. Am a self-control gambler with a difference and proud of myself indeed. As you pointed out, greed has lead me into losses but was able to contain it with the help of self-control. Well, gambling addiction isn't a death sentence or something difficult to get off , just with a little self-control it will be overcome. Sincerely speaking, the gambling industry has upgraded and still upgrading which makes it difficult to win, though there are winnings but not as before.

[ethereumhunter]

So it is important for each player to first know how much they can afford to lose and play accordingly. Just by reading somebody won so much etc and feel that even they can also win the same or more might not happen. Each one has different luck and skills so judge yourself and check your own position and then gamble because once lost big money then nothing else is left later other than regretting it.

Yes, it is important to know how much money we can afford, so we know how to manage the money. I think we don't have to feel jealous of other people luckiest because they can not always get lucky all the time, and that is what we get it too. We need to avoid the big loss in gambling because we will hard to recover the loss once we cannot control ourselves. I am sure we already see many gamblers losing their money because we don't know how to manage the money.

[Lucasgabd]

So it is important for each player to first know how much they can afford to lose and play accordingly. Just by reading somebody won so much etc and feel that even they can also win the same or more might not happen. Each one has different luck and skills so judge yourself and check your own position and then gamble because once lost big money then nothing else is left later other than regretting it.

Yes, it is important to know how much money we can afford, so we know how to manage the money. I think we don't have to feel jealous of other people luckiest because they can not always get lucky all the time, and that is what we get it too. We need to avoid the big loss in gambling because we will hard to recover the loss once we cannot control ourselves. I am sure we already see many gamblers losing their money because we don't know how to manage the money.

a simple way, for those who want a more practical answer:
calculate 1% of your gambling portifolio and never lose more than 1% on each bet.

OR

only separate 1% of your total wealth for gambling and give yourself the luxury to loose it all if making a wrong bet.

[qwertyup23]

So it is important for each player to first know how much they can afford to lose and play accordingly. Just by reading somebody won so much etc and feel that even they can also win the same or more might not happen. Each one has different luck and skills so judge yourself and check your own position and then gamble because once lost big money then nothing else is left later other than regretting it.

Yes, it is important to know how much money we can afford, so we know how to manage the money. I think we don't have to feel jealous of other people luckiest because they can not always get lucky all the time, and that is what we get it too. We need to avoid the big loss in gambling because we will hard to recover the loss once we cannot control ourselves. I am sure we already see many gamblers losing their money because we don't know how to manage the money.

The key to gambling will always be on how you manage your resources well. With proper managing of resources comes with discipline and self-control over it.

I remember that I mentioned about the gambler's cycle; wherein a gambler will continue to play until he/she recovers his/her losses in a given round. Unfortunately, this landslides quickly resulting to the exhaustion of their resources until the end. That is why if you plan to gamble, just bring limited amounts of cash with you so you can avoid this cycle.

[freedomgo]

only separate 1% of your total wealth for gambling and give yourself the luxury to loose it all if making a wrong bet.

I like that, 1% would not make you poor because you still have the 99%. People sometimes think that the amount you can afford to lose is based on the specific amount, I say it's based on percentage as not everyone has the same financial status.

Let's say I'm a billionaire and I have like $5 billion as my net worth, so I could gamble $50 million without a problem as that is only 1% of my net worth.

Other may people think I'm crazy as that's a big money.

[iamsheikhadil]

the main thing is still:
not gambling more than one can afford to loose.

it's intresting to know about the greatest losers and all, but I'd be curious to know what was the % of the loss in relation to their total wealth.

keep it as less than 3% and it'll be much easier to survive.

Not really, as one loses more in gambling, they don't generally care about how much they still have. If I have a billion dollars, and I lose one million, I won't really care that I still have 999 million dollars, I would start to bet really crazy till either I win so much that I come back to my senses or I lose it all. It's really very hard to stop it. I'm pretty sure these guys have lost a major chunk of their money and net worth that they have regretted about it a lot!

[ethereumhunter]

a simple way, for those who want a more practical answer:
calculate 1% of your gambling portifolio and never lose more than 1% on each bet.

OR

only separate 1% of your total wealth for gambling and give yourself the luxury to loose it all if making a wrong bet.

I prefer to use 1% of my total wealth for gambling, and not add more money to just playing gambling. I don't think it is easy to never lose more than 1% on each bet because the emotion can be bigger, and we can use more than just 1%.

The key to gambling will always be on how you manage your resources well. With proper managing of resources comes with discipline and self-control over it.

I remember that I mentioned about the gambler's cycle; wherein a gambler will continue to play until he/she recovers his/her losses in a given round. Unfortunately, this landslides quickly resulting to the exhaustion of their resources until the end. That is why if you plan to gamble, just bring limited amounts of cash with you so you can avoid this cycle.

I don't think that he can recover his losses easily because his chance to lose more money will still be there. I prefer to limit my money to avoid bigger money, and that can be a sign for me if I almost run out of my money, so that means I need to stop gambling as soon as possible before my money is really gone.

[FontSeli]

These people lost huge amounts of money. Most likely, they earned this money very easily and without problems. Something that is easily earned is also easily spent. We can see that some of them (for example, Zhenli Ye Gon) got money by committing crimes, which confirms my words that money was earned very easily.

[Porfirii]

Really huge losses thanks for sharing the info.

I can only think the following: profit for the casinos

I hope they only lost what they were willing/could afford to lose.

[Lanatsa]

Really huge losses thanks for sharing the info.

I can only think the following: profit for the casinos

I hope they only lost what they were willing/could afford to lose.

These businesses wont exist if there would be no gamblers who are losing tons of money, we cant see everynow and then on new sites that popping out or
gambling places that had been built since this had been a profitable business.

Of course, as business then profits will be the main priority nothing more.My mind cant really just comprehend on how much they do lost in a short span of time
or do make money out of pennies.This is how gambling works.

You cant really just believe on some cases that people are really that desperate and ending up with those kind of decision.

[Lucasgabd]

<...>

Not really, as one loses more in gambling, they don't generally care about how much they still have. If I have a billion dollars, and I lose one million, I won't really care that I still have 999 million dollars, I would start to bet really crazy till either I win so much that I come back to my senses or I lose it all. It's really very hard to stop it. I'm pretty sure these guys have lost a major chunk of their money and net worth that they have regretted about it a lot!

this argument has some problems and it's really interesting to observe that:
1. only because you do something in a way it doesn't mean everybody would do it like that. People behave differently
2. it's rare, but trust me: some people have good risk management.

[mavilian]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight. I read hundreds of success and failure stories and I was impressed by the sheer number of people that got lucky and then turned out to be murderers or throw everything away on drugs or other illicit activites.

[LUCKMCFLY]

For the most part, in the game, the greatest likelihood of losing is superior to winning, it is always good to organize a number of money to lose, that is, if we assign a money that we are willing to lose without any prejudice is much better, since The brain will give it for lost, and if in the game you lose it, it will not hurt, it will not fall into vice and apart, you will not be stressed.
I think the greatest losers of the game is when you lose a lot, and you continue betting without control and continue with the bad streak until you have already already funds, this is where the risk control enters, it is similar to the trading when it is used by the "STOP Loss ", since what is willing to lose without risking more

[traderethereum]

These people lost huge amounts of money. Most likely, they earned this money very easily and without problems. Something that is easily earned is also easily spent. We can see that some of them (for example, Zhenli Ye Gon) got money by committing crimes, which confirms my words that money was earned very easily.

If that so, the win money from gambling game would be a "hot money" that will be gone fast
Actually, people see the chance of losing much money in gambling, but they tend to continue and hope that the next game will be their luck.
That is what we saw from gambling and makes many people spend more money to win some money that is not worth doing.
But if that gambling can be our pleasure to have fun from the gambling games and do not spend too much money, that will not be a problem as we still have the other money that we can use for other things.

[lixer]

"Gambling" in the words sense is basically just risking something for a bigger gain or a loss. In that situation we could say that even the generals of history are gamblers, they gambled on a war and either ended up losing or winning. My personal biggest loss came when I gambled away 2 bitcoins, but that was like years ago when they didn't worth anything.

My second biggest is when I quit my job and became full time crypto worker, which paid off like crazy, I am very very happy with that decision, I am hoping to take that to retirement hopefully and that will be my third, work hard on crypto and retire without working ever again. So, we can't really say who is the greatest gambling loser since it is not just about money, I am sure there are many people who lost 100+ million on gambling, I personally saw a guy lose 6+ million dollars on bustabit just a few months back.

[Rruchi man]

The caveat here is that one should always gamble responsibly regardless. Today, I heard the story of some folk who sold his parent's house, and then used the money to gamble. He lost all the money and was wrecked physically, emotional and psychologically. We shouldn't be that guy. Another example, in Kenya, one Mr Karanja lost about $5,000 during a six-year gambling period. Also, in 2016, a university student committed suicide after losing about $790 on a bet. Sad. Always know when to stop and call it quits.

[LUCKMCFLY]

The caveat here is that one should always gamble responsibly regardless. Today, I heard the story of some folk who sold his parent's house, and then used the money to gamble. He lost all the money and was wrecked physically, emotional and psychologically. We shouldn't be that guy. Another example, in Kenya, one Mr Karanja lost about $5,000 during a six-year gambling period. Also, in 2016, a university student committed suicide after losing about $790 on a bet. Sad. Always know when to stop and call it quits.

This is something very painful, those are the effects of not having control of the money available to play, in 2017 I always played freebitco.in and once I lost everything, I do not deny it, I felt bad for about a week, but then I learned that I could not bet more with the Martingale strategy, and I also realized that it is best to accumulate small profits, that this should be seen as a business, and not as a method to earn quick money, for this reason is that people enter in crisis and sometimes make the worst decisions out of desperation.

[Lordhermes]

The caveat here is that one should always gamble responsibly regardless. Today, I heard the story of some folk who sold his parent's house, and then used the money to gamble. He lost all the money and was wrecked physically, emotional and psychologically. We shouldn't be that guy. Another example, in Kenya, one Mr Karanja lost about $5,000 during a six-year gambling period. Also, in 2016, a university student committed suicide after losing about $790 on a bet. Sad. Always know when to stop and call it quits.

This is something very painful, those are the effects of not having control of the money available to play, in 2017 I always played freebitco.in and once I lost everything, I do not deny it, I felt bad for about a week, but then I learned that I could not bet more with the Martingale strategy, and I also realized that it is best to accumulate small profits, that this should be seen as a business, and not as a method to earn quick money, for this reason is that people enter in crisis and sometimes make the worst decisions out of desperation.

It is devastating to see people loose such amount of money because of gambling,lack of control and misplacement of priority results to that. Most people see gambling as a means of doubling their income.The fact that it worked for you once,does not mean that it will always work for you. We just have to be mindful on how we invest our income in gambling.

[Joca97]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

[pinggoki]

Importance of always imposing control upon yourself before you gamble. Debts are just the tip of the problem iceberg when you invest too much on your gambling addiction and release any form of regard on your mental health or even your social life. Addiction is not something you could laugh about, especially gambling addiction because it is almost always a gateway to harder forms of addiction such as alcohol or drug addiction in some cases. So whenever you feel like you have been gambling too much or gambling too hard, take that important breather to relieve yourself of the mental stress and invest in something else that will help you release the stress. Winning isn't always the best thing in gambling anyway, but most of all it is the prevention of all forms of losses.

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

Well some people see gambling as a get-rich-quick scheme which sometimes it is but almost always isn't. These types of people lose money on gambling, will probably ask for loans to a loan shark, and then incur more losses in the process, which will then cause them to be hunted for their lives because there's no way you can pay that much money when you're already stuck in the deep mire of gambling addiction.

[dunfida]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

When you do have the money then you can do all things that you want and there would be no prohibitions from banks since you are also one of their big clients and wont be tending to make out some rejections or prohibitions on what would you do into your money.

We do just accept the fact that there are people on this world are wealthy enough to spend out lots of cash into particular things and its none of our business on how they would gonna do into their cash.

Yes, those losses are massive and some do end up on a suicide.This is clearly showing on how gambling addiction would really cost you.

[tippytoes]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

When you do have the money then you can do all things that you want and there would be no prohibitions from banks since you are also one of their big clients and wont be tending to make out some rejections or prohibitions on what would you do into your money.

We do just accept the fact that there are people on this world are wealthy enough to spend out lots of cash into particular things and its none of our business on how they would gonna do into their cash.

Yes, those losses are massive and some do end up on a suicide.This is clearly showing on how gambling addiction would really cost you.

Exactly! If you experienced going inside physical casino with your pockets full of money, you will enjoy your games and you won't notice that it is slowly depleting. This is why a lot or wealthy people can easily lose big amount of money, because sometimes they don't care the results as long as they are enjoying the game. And those people can cash out their money if they do have their stash, and they can easily get a hold of their connections to make their requirements possible.

[tabas]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

[Lordhermes]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

While gambling,one needs to be very watchful over how he plays so as not to get himself absorbed in the game.If you win a game be very watchful and careful how you spend that same money,otherwise it will go overnight.And while gambling,if you observe that you have lost twice or thrice,its better to quit betting for that day.

[Cling18]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

Gambling isn't dangerous if we know how to handle it and deal with its risks. As we have seen on the list, gambling addiction could break and ruin lives but not gambling alone could do it. Gambling has a huge risk but sometimes abusing it and being greedy could change everything including our social status. We should know when to stop and when to continue.

[geegaw]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

Gambling isn't dangerous if we know how to handle it and deal with its risks. As we have seen on the list, gambling addiction could break and ruin lives but not gambling alone could do it. Gambling has a huge risk but sometimes abusing it and being greedy could change everything including our social status. We should know when to stop and when to continue.

To be honest, I don't like elevating the role of handling in gambling because it is similar to how we are accumulating subjectivity about our attitudes and creating dangerous seeds that are very promising in the near future, processed many times and issued a series of low to high handle lists for processing but the number of people who lost bankruptcy still increased. Instead of letting our selves train such futuristic monsters, thoroughly erasing gambling ideas will put an end to the concerns behind.

[hahay]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

Gambling isn't dangerous if we know how to handle it and deal with its risks. As we have seen on the list, gambling addiction could break and ruin lives but not gambling alone could do it. Gambling has a huge risk but sometimes abusing it and being greedy could change everything including our social status. We should know when to stop and when to continue.

To be honest, I don't like elevating the role of handling in gambling because it is similar to how we are accumulating subjectivity about our attitudes and creating dangerous seeds that are very promising in the near future, processed many times and issued a series of low to high handle lists for processing but the number of people who lost bankruptcy still increased. Instead of letting our selves train such futuristic monsters, thoroughly erasing gambling ideas will put an end to the concerns behind.

Of course, but not everyone can erase gambling from his brain. However the prohibitions and reminders that are made to prevent them from going bankrupt from gambling will still not be 100% effective, because gambling is their choice and gambling itself is easy to find or get. So yes, the only way so that gambling does not endanger our lives, then we must instill high discipline, because only with discipline at least it will make your life safe even though you are active in gambling.

[Woodie]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

[Tumanggor]

~

Their victory really makes me jealous, but bad luck for them because they didn't take the opportunity well
surely many say if they stopped when they won big then they would definitely be relaxed rich people now

they are proof that gambling arouses our natural curiosity and greed
Stopping when you win is a very difficult thing for gambling players to do, it has happened a lot

[KTChampions]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

This is a good point of view for complacency, but even if a player with one dollar won a million and then lost this million, it will be a great pain to remember such a loss. Naturally, this is better than losing a million that you have earned at work/business, but all the same loss is a loss.

[Slow death]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

I think they're people who lost all their money, if they had lost money and recovered then I don't think it would be so talked about in the media or they wouldn't be talking about it. It's also hard to imagine that someone loses millions of dollars and manages to recover, games make people always want to recover money when they lose and in the end in most cases people leave with empty pockets, total loss and become poor

[uneng]

4. John Daly - Lost $55 million

While he won an impressive $35 million, he lost and even more staggering $90 million, working out to a total loss of $55 million.

After losing, John Daly switched from $5000 slot machines to $25 ones. There's nothing wrong by playing in moderation, it means that we are learning from our mistakes and it is a way to stop the impact of a huge losing streak. Our goal in gambling is not just to be rich but to experience the fun in it. $25 slot machine is still a slot machine right?

Interesting how even winning 35$ millions wasn't enough for this man that he continued persuing even more prizes and ended with a loss of 55$ millions. That is a clear example of greedy in gambling. I believe 35$ millions are enough for anyone to have a stable, confortable life while still gambling moderately forever without worrying about financial issues anymore.
It's sad when people receive the opportunity of their lives and throw it in the garbage without thinking twice.

[Oilacris]

~

Their victory really makes me jealous, but bad luck for them because they didn't take the opportunity well
surely many say if they stopped when they won big then they would definitely be relaxed rich people now

they are proof that gambling arouses our natural curiosity and greed
Stopping when you win is a very difficult thing for gambling players to do, it has happened a lot

Stopping midway is really hard when you do know that you do have money to spend and your greed will really arouse on that time and longing to have more winnings until you do bust all of your

winnings back to the gambling site.When it comes to lossers list then this would really be a long or never ending one.We've seen those greatest gambling losers list and its no surprise

that realizing those mistakes is after those unfortunate situation you would gonna experience.

[just_Alice]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

All these bettors that wagered millions of $ are obviously very rich and banks (and casinos as well) give special treatments to clients that deposit such big money. I assume that money didn’t come from some illegal activity, otherwise yes, making such transactions would raise suspicions.

Also, it is possible that many of these large losses were made in some kind of tournaments, people play for real big money in those.

On the one hand, it’s sad to see that kind of money be spent on just one activity - gambling, and it makes one wonder why didn’t they spend it on travelling or other kind of fun instead. On the other hand, for these people might have been the most preferable form of entertainment and, basically, became their life and nothing else interested them. It’s their right to make such a decision, it’s only sad that so many stories didn’t end well

[Johnyz]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

This is a good point of view for complacency, but even if a player with one dollar won a million and then lost this million, it will be a great pain to remember such a loss. Naturally, this is better than losing a million that you have earned at work/business, but all the same loss is a loss.

Losing will always be memorable especially if we are talking about millions of money, hopefully they didn’t lose all their money and still living a good life today. Maybe those are the elite gamblers that afford to lose millions of money so there’s no need to question that, those gamblers knows how to play their money they are just unlucky.

[tabas]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

While gambling,one needs to be very watchful over how he plays so as not to get himself absorbed in the game.If you win a game be very watchful and careful how you spend that same money,otherwise it will go overnight.And while gambling,if you observe that you have lost twice or thrice,its better to quit betting for that day.

Yes, if that's the result within that day, you should don't go further as you've already managed to loss a lot and just make it a day.
There's always another chance that you can do when you're going to gamble and even if you have the means to gamble, you still cannot know if you're good afterwards when you've lost a lot already.

[Desmong]

This is really scary, how can someone be that gullible to lose such an exorbitant amount of money. This is ridiculous and abstract. Well most time, it's greed that use to cause this making a gambler to be so determined spending his money with being conscious of his environment and his/herself. To me, these gamblers  are rich men that has sufficient money to gamble with using a risk reward ratio that can affect one financial status if care is not taken. They have the money, so they have to gamble with it cause no one knows how much they had made from gambling.

[Zilon]

I can sense how much emotional trauma those guys must have gone through. I actually felt for Akio Kashiwagi  who Lost $19 million and was murdered in his home and it could be as a result of debts he could be owing. It's really sad how people get so trapped by gambling addiction and get so engrossed in that that help becomes an impossible mission.

[Davidvictorson]

I'm wondering is it in human nature to read this piece and get a lesson from this or to say, "well, it can't happen to me because I'm smarter"? Well history is always bound to repeat itself again when we don't learn from the mistakes(experience) of others. Sadly in 10 years these names will be replace with new names and with bigger losses because of greed.

[justdimin]

I can sense how much emotional trauma those guys must have gone through. I actually felt for Akio Kashiwagi  who Lost $19 million and was murdered in his home and it could be as a result of debts he could be owing. It's really sad how people get so trapped by gambling addiction and get so engrossed in that that help becomes an impossible mission.

I don't understand how killing someone is ever going to help. If someone owes money to people, the only chance of getting back the money is maybe if the guy is alive and works for it. If you kill him, forget the money and get ready for some jail time.

It's a pretty old thread but still quite bone-chilling to see those amounts lost by gamblers. I am sure many online gamblers have lost even bigger amounts but neither the casino nor the player would want to reveal.

I'm wondering is it in human nature to read this piece and get a lesson from this or to say, "well, it can't happen to me because I'm smarter"?

Honestly speaking, it's hard for an addict to take lessons from a thread like this because people don't take online discussions and advice seriously.

[DoublerHunter]

I can sense how much emotional trauma those guys must have gone through. I actually felt for Akio Kashiwagi  who Lost $19 million and was murdered in his home and it could be as a result of debts he could be owing. It's really sad how people get so trapped by gambling addiction and get so engrossed in that that help becomes an impossible mission.

^ There is always such kind of people, greediness will always be the main reason why there are some people have the greatest losses on their whole life.
I don't know how they overcome such a story and do your think that just because they have a lot of money they will probably continue their gambling activity whatever happens. They possibly trap because they don't have a self-limit. I gambling it should be their mind that it is always a have entertainment not the way how they will profited on it,

[Alisha-k]

This lossers took a very high level of risk. With such amount what else were there planning to make from gambling that could not be achieved from a well established investment. My problem probably isn't with the gamblers but with the gambling company which would allow such a stake. It's way too high no matter their source of income

[Desmong]

The caveat here is that one should always gamble responsibly regardless. Today, I heard the story of some folk who sold his parent's house, and then used the money to gamble. He lost all the money and was wrecked physically, emotional and psychologically. We shouldn't be that guy. Another example, in Kenya, one Mr Karanja lost about $5,000 during a six-year gambling period. Also, in 2016, a university student committed suicide after losing about $790 on a bet. Sad. Always know when to stop and call it quits.

This is really crazy and I will never blame them much on there actions because most it's not really them that's in control but addiction. Addiction can make a person do what they can not intend to do with there right sense. It's just like someone that's drunk and needed help. Help should be granted to those that are eaten by too much addiction which could end up with regret and affects the general being of faculty of the person.

[crzy]

This lossers took a very high level of risk. With such amount what else were there planning to make from gambling that could not be achieved from a well established investment. My problem probably isn't with the gamblers but with the gambling company which would allow such a stake. It's way too high no matter their source of income

They will allow it because the players are rich, and they’ll make money on that so technically this could be a win win situation to those companies. Many unrecorded losses, the lives of many addict gambler are in trouble that could possibly on losing their own life because of so much depression, if you have such losses better to stop gambling and do make yourself busy some where else.

[Mahanton]

I'm wondering is it in human nature to read this piece and get a lesson from this or to say, "well, it can't happen to me because I'm smarter"? Well history is always bound to repeat itself again when we don't learn from the mistakes(experience) of others. Sadly in 10 years these names will be replace with new names and with bigger losses because of greed.

Gambling business would always exist as long those people who are greedy will always continue to play and this would pass up to generations to generations and this business would continue to exist and flourish.
Gambling activity is just really for the sake of entertainment but on the time that people do exceed out on their limitations then this is where mistakes do came from.It do only be composing 2 possible outcomes
neither being a winner or a loser. People wont learn until they do experience such hardship from consequences.

[Shamm]

This lossers took a very high level of risk. With such amount what else were there planning to make from gambling that could not be achieved from a well established investment. My problem probably isn't with the gamblers but with the gambling company which would allow such a stake. It's way too high no matter their source of income

In the world of gambling you have less chance of winning but if you can change your strategy to win the game . Every person join the gambling site they take a high risk to thier money because they cannot predict  that they will win in the end or loss .

Ik the company side  of gambling they planned already what is the cycle of the site of course they will earn too through gamblers

[Quidat]

This lossers took a very high level of risk. With such amount what else were there planning to make from gambling that could not be achieved from a well established investment. My problem probably isn't with the gamblers but with the gambling company which would allow such a stake. It's way too high no matter their source of income

In the world of gambling you have less chance of winning but if you can change your strategy to win the game . Every person join the gambling site they take a high risk to thier money because they cannot predict  that they will win in the end or loss .

Ik the company side  of gambling they planned already what is the cycle of the site of course they will earn too through gamblers

They key here is not to make it as a source of income so that you wont really be ending up into those mindset that you should play more and chase up winnings which is really a very wrong idea.
Chances of winning on gambling is less compared on those losses that you might have.This isnt an investment and not a money milking kind of business for you to think off that way.
Losers are more than with those winners which do proves out that gambling isnt something you can tell that it is profitable for everyone.Its just for entertainment purposes.

[Slow death]

I'm wondering is it in human nature to read this piece and get a lesson from this or to say, "well, it can't happen to me because I'm smarter"? Well history is always bound to repeat itself again when we don't learn from the mistakes(experience) of others. Sadly in 10 years these names will be replace with new names and with bigger losses because of greed.

gambling is a dangerous thing. people just hearing the name can already have this idea of this danger but what happens is that some people want to have high earnings and for that reason they also risk making big bets and forget about the very simple factor of the gambling  world: " you win or you lose "there's no middle ground, it's just simple and straightforward or you win or you lose. I remember my first day of gambling when I made a deposit and lost my entire bankroll. then I made another deposit and lost and then I made another deposit and lost all my bankroll, it wasn't a lot of money, but there are people who bet a lot of money and I lost, but luckily I managed to recover my loss and make a profit.

[blockman]

This lossers took a very high level of risk. With such amount what else were there planning to make from gambling that could not be achieved from a well established investment. My problem probably isn't with the gamblers but with the gambling company which would allow such a stake. It's way too high no matter their source of income

Nope.
There's no problem with the gambling companies that allow their gamblers to stake huge amounts. They're prepared if that gambler stakes a higher amount and the money is with them ready if ever that person wins. It's favorable to them because the house edge is always known to be higher and these gamblers that stake high amount should be responsible for their action and I think they're thinking the same that it's the bet of their lives that will dictate their future and might change their fates.

[kotajikikox]

I'm wondering is it in human nature to read this piece and get a lesson from this or to say, "well, it can't happen to me because I'm smarter"? Well history is always bound to repeat itself again when we don't learn from the mistakes(experience) of others. Sadly in 10 years these names will be replace with new names and with bigger losses because of greed.

In gambling things change in a blink of an eye, plan for this will be plan for that later. this is why gambling is the most addicting and risky area in which offered happiness and sadness , winning and losing .

if you are into gambling make sure you know the fundamentals and knows your boundary because if not then accept that you will be forever loser .

i am against gambling overdose but what can we expect from person with a  greedy attitude?

[Lordhermes]

In gambling,anybody is liable to loose,but the highest looses are the ones who don't have idea about the game they choose to gamble on.For instance,you don't watch football,but you want to bet on football,and predict that a particular team wins another when you don't watch their games.

To avoid great losses in gambling,one must first of all be familiar with the games you are gambling on.Secondly,you must look at the last record of how those people play,or check their history or head to head meetings,and the teams in form.Those must be taken into consideration before a game can be bet on.

[fortunecrypto]

I can sense how much emotional trauma those guys must have gone through. I actually felt for Akio Kashiwagi  who Lost $19 million and was murdered in his home and it could be as a result of debts he could be owing. It's really sad how people get so trapped by gambling addiction and get so engrossed in that that help becomes an impossible mission.

That's the worst thing that can happen to a gambler losing huge money and eventually losing his life from being murdered from loan or suicide, there's data I read that many commit suicide because of gambling because they lose everything, and they thought it's the end of the road for them, they have no friends or someone to talk to or in some cases, they kept it all by themselves until it becomes unbearable.

[Peanutswar]

Those people are willing to have a high-risk reward sometimes its part of the life taking the risk to have a good profit outcome but still its quite hard to lose a lot of money like the OP statement unless you are just a billionaire or millionaire want to spend all of their money in gambling but for sure it's not a good thing, well its part of the game there's a winner there's a loser, not all the time we win the game of gambling, again always gambling houses winning the game else you have a good strategy to reverse the odds.

[Rajamuda]

Gambling should not be excessive, it can result in a great loss, which sometimes can lead us to regret things, bad things that can affect life circumstances that should be able to avoid or control ourselves from things that smell negative.
Gambling fills free time, to fill the void of time that is only momentary, it shouldn't be done with more time till too tied up in it.
It's good for us to make more busy activities, which are more important, and lead us to more positive things.

[Raflesia]

Gambling should not be excessive, it can result in a great loss, which sometimes can lead us to regret things, bad things that can affect life circumstances that should be able to avoid or control ourselves from things that smell negative.
Gambling fills free time, to fill the void of time that is only momentary, it shouldn't be done with more time till too tied up in it.
It's good for us to make more busy activities, which are more important, and lead us to more positive things.

Gambling should not be excessive because this will interfere with your life, maybe we can say it's easy to say in free time but the fact is that after trying to play there is always an addiction and try it again and that's where a lot of people get bad due to being out of control so they allow themselves to be worse off just because of their emotional smoldering.

I also feel the same way but I know if this is allowed it will be bad, so I'm better at discipline to avoid unwanted things so I always have a budget for gambling and playing games after work from work, this won't be a burden .

[Kittygalore]

Gambling should not be excessive, it can result in a great loss, which sometimes can lead us to regret things, bad things that can affect life circumstances that should be able to avoid or control ourselves from things that smell negative.

Of course that's obvious, anything in excess will always be really bad no matter what it is, exercise? Can cause over fatigue, food? Can cause you some complications depending on the food you're eating, investing? Can cost you your social life if you're too focused in making money. In conclusion, anything that's in excess will always be bad for you.

[traderethereum]

I can sense how much emotional trauma those guys must have gone through. I actually felt for Akio Kashiwagi  who Lost $19 million and was murdered in his home and it could be as a result of debts he could be owing. It's really sad how people get so trapped by gambling addiction and get so engrossed in that that help becomes an impossible mission.

That's the worst thing that can happen to a gambler losing huge money and eventually losing his life from being murdered from loan or suicide, there's data I read that many commit suicide because of gambling because they lose everything, and they thought it's the end of the road for them, they have no friends or someone to talk to or in some cases, they kept it all by themselves until it becomes unbearable.

When someone loses big money from gambling, he will think that his life is ending at that time and there is nothing more he can do to solve the problem.
Many gambling problems end by commit suicide instead search for a way to solve the problem but that will depend on the gambler itself because if he still cares about his life, he will ask for some help to get the way.
But I feel that if he has other people who know better about him, they will know that something wrong happened to him and ask him about his problem.
Maybe that can be good for that gambler as he can tell them that he is in trouble and need them to help him find the solution.

[Shamm]

  Wow I can't take this loss, for me it's hard to accept that I'm lossing a huge value ,But I think all Gamblers listed in this thread are one of the richest and that they can afford what they've loss and they never think what the outcome but instead they can win every time that is their perspective when they are greed.

[jrrsparkles]

That was really a huge loses. One of the big losses I experience is when I lost on a football game and lose $500 and I can't imagine myself losing millions of dollars, I was just curious though how long did they lose that money? 1 day? 1 week? or 1 year? I think that's some important part if it's a day or week I would be amaze to know that some people managed to lose that amount of money for a small time.

Probably in a streak of bet happened in a day or even can be in a single bet but the amount depends on our economical status which differs from one to another. Even you can see people who simply make a bet for few thousand dollars in straight whether they win or lose in the gambling sites.

[bittraffic]

That was really a huge loses. One of the big losses I experience is when I lost on a football game and lose $500 and I can't imagine myself losing millions of dollars, I was just curious though how long did they lose that money? 1 day? 1 week? or 1 year? I think that's some important part if it's a day or week I would be amaze to know that some people managed to lose that amount of money for a small time.

Probably in a streak of bet happened in a day or even can be in a single bet but the amount depends on our economical status which differs from one to another. Even you can see people who simply make a bet for few thousand dollars in straight whether they win or lose in the gambling sites.

When they lose millions of USD a year or a month, it really doesn't matter as they lose it already. We just can't make people realize how much they wasted their money since they are into gambling. It's simple as seeing people live bets today on Dice which a user bet roll under <5 for 0.5BTC. that's how they believe they can be lucky with one bet. But you can imagine how much it will be if they win too.

[KTChampions]

When they lose millions of USD a year or a month, it really doesn't matter as they lose it already. We just can't make people realize how much they wasted their money since they are into gambling. It's simple as seeing people live bets today on Dice which a user bet roll under <5 for 0.5BTC. that's how they believe they can be lucky with one bet. But you can imagine how much it will be if they win too.

You mean roll under <50%? I can only assume that people make such bets really very rich either turned out such a rare situation that 0.5 BTC is not enough for some urgent specific purpose, a person needs no less than 1 and therefore he makes such a bet. In principle, the probability of winning is about 50% Therefore, the bet in such a situation is possible not the worst decision.

[jrrsparkles]

That was really a huge loses. One of the big losses I experience is when I lost on a football game and lose $500 and I can't imagine myself losing millions of dollars, I was just curious though how long did they lose that money? 1 day? 1 week? or 1 year? I think that's some important part if it's a day or week I would be amaze to know that some people managed to lose that amount of money for a small time.

Probably in a streak of bet happened in a day or even can be in a single bet but the amount depends on our economical status which differs from one to another. Even you can see people who simply make a bet for few thousand dollars in straight whether they win or lose in the gambling sites.

When they lose millions of USD a year or a month, it really doesn't matter as they lose it already. We just can't make people realize how much they wasted their money since they are into gambling. It's simple as seeing people live bets today on Dice which a user bet roll under <5 for 0.5BTC. that's how they believe they can be lucky with one bet. But you can imagine how much it will be if they win too.

People go for highmultipler just because they have such luck and who knows it may work but we should never assume that it will work always there is a difference between both. And also no one should bet the amount which is not affordable for them to lose and don't grt temped by the leaderboards.

[ShowOff]

People go for highmultipler just because they have such luck and who knows it may work but we should never assume that it will work always there is a difference between both. And also no one should bet the amount which is not affordable for them to lose and don't grt temped by the leaderboards.

Apart from wishing luck, they also have enough money to fulfill their gambling desires. Only gambling whales can win big bucks in gambling, while we are just the others who may never make it to the ranking. Chances of winning are higher for those who have more chances of roll.

[fiulpro]

This is honestly depressing to see players loose this much amount, in millions ! I remember the time I did the post regarding the most successful players in gambling and this one is quite the opposite. I do think that this would show you for real regarding how you should be very careful while you gamble since it can go both ways, there are times when people can win millions but there are times as well, when people can loose millions which makes the whole thing even more complicated. I still think the saddest part might be the addiction that comes with it, people might dig a deeper hole in hope that they might win the money back.

[iv4n]

This is honestly depressing to see players loose this much amount, in millions ! I remember the time I did the post regarding the most successful players in gambling and this one is quite the opposite. I do think that this would show you for real regarding how you should be very careful while you gamble since it can go both ways, there are times when people can win millions but there are times as well, when people can loose millions which makes the whole thing even more complicated. I still think the saddest part might be the addiction that comes with it, people might dig a deeper hole in hope that they might win the money back.

From one perspective you are right, watching these big losses can look depressive, after all, it shows us there's no limit to how much we can lose! On another side, it can show us that we aren't the biggest losers in gambling, there are people who lose a lot more in their gambling sessions!
It's the same with people who win huge... just proves the old point, every coin has two sides, positive and negative, and I believe we can choose to on which one to focus!

[alpamar99]

Gambling should not be excessive, it can result in a great loss, which sometimes can lead us to regret things, bad things that can affect life circumstances that should be able to avoid or control ourselves from things that smell negative.

I think almost everyone thinks like that because indeed there are many examples and everyone already knows that if you overdo it, it won't be profitable, it will actually be a loss.
but sometimes when in proof when some people gamble they will forget about it and get carried away by lust and greed so that they forget that it actually leads to excessive so that as long as he still has money they will continue to gamble in the hope of winning more money even though what is the opposite happens.

[Smartprofit]

This is honestly depressing to see players loose this much amount, in millions ! I remember the time I did the post regarding the most successful players in gambling and this one is quite the opposite. I do think that this would show you for real regarding how you should be very careful while you gamble since it can go both ways, there are times when people can win millions but there are times as well, when people can loose millions which makes the whole thing even more complicated. I still think the saddest part might be the addiction that comes with it, people might dig a deeper hole in hope that they might win the money back.

From one perspective you are right, watching these big losses can look depressive, after all, it shows us there's no limit to how much we can lose! On another side, it can show us that we aren't the biggest losers in gambling, there are people who lose a lot more in their gambling sessions!
It's the same with people who win huge... just proves the old point, every coin has two sides, positive and negative, and I believe we can choose to on which one to focus!

Yes that's right! 

There are limitations in nature.  For example, a person cannot be taller than 3 meters.  There are no restrictions in the field of finance.  You can lose both $ 1 and $ 1,000,000 in gambling...

But you can also win!  The winnings are also unlimited! 

There are examples of gamblers winning huge amounts of money at the casino.  For example, one Georgian actor who played the role of swindler Ostap Bender in a comedy directed by Gaidai once decided to play roulette.  He bet three times on one of the 36 numbers.  And he won all 3 times. 

After that, he opened a chic restaurant, and stopped acting in films. 

I agree with you that you need to focus on the positive, not the negative.

[Quidat]

Gambling should not be excessive, it can result in a great loss, which sometimes can lead us to regret things, bad things that can affect life circumstances that should be able to avoid or control ourselves from things that smell negative.

I think almost everyone thinks like that because indeed there are many examples and everyone already knows that if you overdo it, it won't be profitable, it will actually be a loss.
but sometimes when in proof when some people gamble they will forget about it and get carried away by lust and greed so that they forget that it actually leads to excessive so that as long as he still has money they will continue to gamble in the hope of winning more money even though what is the opposite happens.

When you do tolerate your greediness then its surely you would really be ending up on this way but if you dont mind on losing or already been allocated for the sake of entertainment then
i dont see anything wrong but of course you would really be needing to be in moderation with your finances because if not then you would really be finding this a big problem later on.
Losses would be infinite as long you do have funds to spent and assets for you to sell then you would most likely give out the risk on wrecking your own life if you arent aware
on what you are doing.

[Fredomago]

When you do tolerate your greediness then its surely you would really be ending up on this way but if you dont mind on losing or already been allocated for the sake of entertainment then
i dont see anything wrong but of course you would really be needing to be in moderation with your finances because if not then you would really be finding this a big problem later on.
Losses would be infinite as long you do have funds to spent and assets for you to sell then you would most likely give out the risk on wrecking your own life if you arent aware
on what you are doing.

The affect effect of this wrong perception, gambling for entertainment can kill some time, it you know how to allocate a spare amount of your money it's not a big deal playing and enjoying yourself.

But, if you don't have that kind of mindset and you are easily getting aggressive, expect that the kind of attitude will lead you to heavy addiction.

It's a tough job to eliminate this kind of problem, hard will and help from experts and it take some time before it will completely be gone from your system, gambling losses can easily push you to end your life if you can't handle too much anxiety after realizing you lose everything.

[blockman]

Apart from wishing luck, they also have enough money to fulfill their gambling desires. Only gambling whales can win big bucks in gambling, while we are just the others who may never make it to the ranking.

There are also those people who are just lucky with the lottery and won it unexpectedly. Thus, you're right that most of the gambling whales are the ones who are winning big pot and only a few and rare situation that someone who wons big in the lottery are the average person.

Chances of winning are higher for those who have more chances of roll.

It is because they can stay as long as they can and with the bankroll that they have. While the average person, they have to be away and just go away when they're done and they don't have something left with their pockets anymore and has to work hard again with another day.

[paxmao]

Great compilation really. However I am sure that there has been even biggest losses or loosing strikes that have gone unnoticed. Particularly, I am thinking of the Arab Princes and Indian millionaires playing private games at private rooms where nothing that happens inside ever reaches the outside world. You would not even believe the amount of money these guys spend in a day. There is nothing that they cannot buy right there and right now, so I can only imagine what they might do if they get "hot".

[Shasha80]

When you do tolerate your greediness then its surely you would really be ending up on this way but if you dont mind on losing or already been allocated for the sake of entertainment then
i dont see anything wrong but of course you would really be needing to be in moderation with your finances because if not then you would really be finding this a big problem later on.
Losses would be infinite as long you do have funds to spent and assets for you to sell then you would most likely give out the risk on wrecking your own life if you arent aware
on what you are doing.

The affect effect of this wrong perception, gambling for entertainment can kill some time, it you know how to allocate a spare amount of your money it's not a big deal playing and enjoying yourself.

But, if you don't have that kind of mindset and you are easily getting aggressive, expect that the kind of attitude will lead you to heavy addiction.

It's a tough job to eliminate this kind of problem, hard will and help from experts and it take some time before it will completely be gone from your system, gambling losses can easily push you to end your life if you can't handle too much anxiety after realizing you lose everything.

Actually experiencing losses when playing gambling is normal, and all gamblers must experience it. In fact, usually the amount of loss that
we experience is greater than the profit that we generate. That's why I prefer to play gambling just for entertainment, so we can spend our
free time playing gambling and get fun. The most important thing is that the funds that we will use for gambling have been allocated beforehand.
This means that these funds are not funds to buy our daily needs. So when we experience defeat, there is no burden of having to return the funds.
That way we can avoid gambling addiction. But it is very difficult to have that kind of mindset, most gamblers when they lose will be obsessed
with chasing wins. So indeed we all have to learn to be responsible gamblers.

[Saint-loup]

Great compilation really. However I am sure that there has been even biggest losses or loosing strikes that have gone unnoticed. Particularly, I am thinking of the Arab Princes and Indian millionaires playing private games at private rooms where nothing that happens inside ever reaches the outside world. You would not even believe the amount of money these guys spend in a day. There is nothing that they cannot buy right there and right now, so I can only imagine what they might do if they get "hot".

I'm not sure many bigger losses than that occur in casinos so frequently actually because when losses exceed dozens of millions of dollar, those kind of rich men can decide to purchase the whole casino to not lose their funds. If they've lost against other players, they won't be able to use this trick though.

[xSkylarx]

Great compilation really. However I am sure that there has been even biggest losses or loosing strikes that have gone unnoticed. Particularly, I am thinking of the Arab Princes and Indian millionaires playing private games at private rooms where nothing that happens inside ever reaches the outside world. You would not even believe the amount of money these guys spend in a day. There is nothing that they cannot buy right there and right now, so I can only imagine what they might do if they get "hot".

Oh, that sounds intriguing. That would be a lot of money in that "private room," I agree. But why do they play, I wonder? Is it for the money or for the fun? If so, why are they in the private rooms? Though if you are truly a princess or a VIP, it would be a better choice to be in the private room just to be safe, as they cannot bet large in public.

[qwertyup23]

Great compilation really. However I am sure that there has been even biggest losses or loosing strikes that have gone unnoticed. Particularly, I am thinking of the Arab Princes and Indian millionaires playing private games at private rooms where nothing that happens inside ever reaches the outside world. You would not even believe the amount of money these guys spend in a day. There is nothing that they cannot buy right there and right now, so I can only imagine what they might do if they get "hot".

Oh, that sounds intriguing. That would be a lot of money in that "private room," I agree. But why do they play, I wonder? Is it for the money or for the fun? If so, why are they in the private rooms? Though if you are truly a princess or a VIP, it would be a better choice to be in the private room just to be safe, as they cannot bet large in public.

I think creating a list about the biggest losses of losing streak of people would be slightly advantageous to the people who are addicted to gambling. I also do think it is a way of convincing the public about the dangers of gambling addiction and the costs associated with it.

Some millionaires do gamble for the sake of having fun due to the adrenaline experienced on betting huge amounts of money. Though some rich people do it for fun, others do it primarily for gaining profit. They would rather choose to bet against the odds even if the chance of winning is 50/50.

[Chato1977]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

[Kong Hey Pakboy]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

Good luck telling that to OP, hasn't been active in a long time and I think it's already implied that the use of "Greatest" in this context is ironic so I don't think that it's not wrong that it's being used like that.

[yazher]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

I somehow agree with you because the word greatest is use for compliment no for some catastrophic things that have happened to these poor guys. I think we need to have such a record being listed here to remind everyone about not going overboard about the things we are doing or else we might end like one of those. It's so hard to move on with those kinds of traumatic events hunting your mind. I wonder what they do to move on after those tragedies.

[Fredomago]

I think creating a list about the biggest losses of losing streak of people would be slightly advantageous to the people who are addicted to gambling. I also do think it is a way of convincing the public about the dangers of gambling addiction and the costs associated with it.

By proving stats, it will aware more people, especially to those who are already engaged to with this activity. It's a good way to give them hints to what possible things to happen with them if they won't utilize their engagements to these gambling activities.

Some millionaires do gamble for the sake of having fun due to the adrenaline experienced on betting huge amounts of money. Though some rich people do it for fun, others do it primarily for gaining profit. They would rather choose to bet against the odds even if the chance of winning is 50/50.

We really can't tell what exactly the reason, as you said, some may do this for socializations while others are doing this to increase their
richness, those whales who are involved with game-fixing, they are great in influencing the outcomes. Most likely it's a business behind another business.

[Lanatsa]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

I somehow agree with you because the word greatest is use for compliment no for some catastrophic things that have happened to these poor guys. I think we need to have such a record being listed here to remind everyone about not going overboard about the things we are doing or else we might end like one of those. It's so hard to move on with those kinds of traumatic events hunting your mind. I wonder what they do to move on after those tragedies.

Wont really be that much effective knowing that not all people do really listen up on some words that do came from other people specially its none of our business on how they would be using up their money.

When it comes to losses then everything would be unlimited or no sky is the limit because as long you do have funds inside your pocket then you wont really be stopping on playing if you do really like.

Not all would really be that having the same motive which is to make money and there are still who do really play for entertainment sake.

[freedomgo]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

I somehow agree with you because the word greatest is use for compliment no for some catastrophic things that have happened to these poor guys. I think we need to have such a record being listed here to remind everyone about not going overboard about the things we are doing or else we might end like one of those. It's so hard to move on with those kinds of traumatic events hunting your mind. I wonder what they do to move on after those tragedies.

Nice observation @Chato1977. Anyway, what matters is just to learn from our losses, we don't want to lose more than what we can afford to lose because that is basic for us gamblers, it's the attitude that we should have in order to minimize the losses. For others, they might think that if a person loses a lot of money if they see it in millions or even a hundred thousand dollars, but in the end, it is always based on the capacity of a person, like for example, a billionaire could lose $100k in just 1 bet and that would not affect him much because he can afford it.

[7788bitcoin]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

You got a point there, biggest flops in gambling would be an appropriate title  . If you are gambling then you are bound to be in that position as you cannot expect to win all the time. I have lost $1000 whenever i gamble and then there are time when i win huge amounts as well and there is no consistency in which you win. It all depends upon how well you guess the outcome and nothing else.

[traderethereum]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

You got a point there, biggest flops in gambling would be an appropriate title  . If you are gambling then you are bound to be in that position as you cannot expect to win all the time. I have lost $1000 whenever i gamble and then there are time when i win huge amounts as well and there is no consistency in which you win. It all depends upon how well you guess the outcome and nothing else.

I am sure many others gamblers losing bigger than you but they still playing gambling as they want to recover or making money from gambling.
But yes, we can not expect to win all the time because the loss will be part of the gambling and most gamblers out there do not realize that instead of still playing gambling.
If you win big, that still to recover your losses before and if we compare how much we win and lose, maybe the loss will still be bigger than the win money.
It is why we must learn from the other gambler's lesson so we can avoid making the same mistake as them.

[oktana]

Gambling is never win-win thing. No matter how it seems so, just as there is a probability for you to win, so is the probability for you to lose. These losses are actually what makes you emotionally stronger. I'm sure those who survived the loss can take it again. Also, I think Terrance Watanabe had issues with his self control. Losing $127 million on a daily basis sound like he kept trying to recover what was lost, and instead of recovering, he kept on losing more. I'm also wondering how this could cause cancer instead of health issues like mental illness.

[sunsilk]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

That's okay if you don't want to use that word. But you can use that also in negative form and these lose have been the biggest of them all if not, they're part of the biggest.

but those are surely the worst gamblers recorded and not greatest 

They've lost a lot and that makes them worst because of the mental breakdown that it has given them. But for those totally rich gamblers that are losing thousands to millions, it's just another typical day for them.

[stomachgrowls]

Gambling is never win-win thing. No matter how it seems so, just as there is a probability for you to win, so is the probability for you to lose. These losses are actually what makes you emotionally stronger. I'm sure those who survived the loss can take it again. Also, I think Terrance Watanabe had issues with his self control. Losing $127 million on a daily basis sound like he kept trying to recover what was lost, and instead of recovering, he kept on losing more. I'm also wondering how this could cause cancer instead of health issues like mental illness.

Mistakes on here is that people do only look on the brighter side which they do really make theirselves being blind despite the reality is already in front of them which they do ignore things up until they do mess up their lives.

Losing is part of gambling as always and chances is higher compared for you to win up even neither you do engage with luck based or strategic based which is all the same.Lose amount is sky is the limit and as long

you do have money to spent on then this would be limitless.There might be known those greatest gambling lossers in paper but for sure there are ones who do lost up even more but not have been known.

[ene1980]

~
They've lost a lot and that makes them worst because of the mental breakdown that it has given them. But for those totally rich gamblers that are losing thousands to millions, it's just another typical day for them.

Yes there are professional gamblers who wage millions but there are only a few that does that in a professional way. From what i saw in a documentary those who do professional gambling in sports, they are not even allowed to wage in any bookies because they know they are bad business for them and they usually shut them out and these professional gamblers would hire people to wage a bet on their behalf. It is a tricky game but those are a selected few that does these and the rest are just casuals .

[oktana]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

Losing isn't a bad thing. I don't know if OP is being sarcastic but you can call them greatest depending on their storyline.
Losing millions of dollar isn't easy. It's a big thing to face such circumstance, also, losing builds you and teaches you the strategies that aren't working.
The people OP mentioned, do you know about their after-life?
Maybe they spend more and eventually recovered what was lost and even more.

[michellee]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

Losing isn't a bad thing. I don't know if OP is being sarcastic but you can call them greatest depending on their storyline.
Losing millions of dollar isn't easy. It's a big thing to face such circumstance, also, losing builds you and teaches you the strategies that aren't working.
The people OP mentioned, do you know about their after-life?
Maybe they spend more and eventually recovered what was lost and even more.

No, losing is still bad, especially for those who lose too big money. Their feeling will be disappointment and regret, no matter if they have a lot of money to gamble. But if they like gambling, they will not stop even if they already lose too much money. We do not know what happens to them. Maybe some of them can not rise up and getting stress for the rest of their life. It needs a big effort to rise after getting lost too big money and they can not do that alone because they need other people to help them and drag them out from gambling.

[LUCKMCFLY]

I think creating a list about the biggest losses of losing streak of people would be slightly advantageous to the people who are addicted to gambling. I also do think it is a way of convincing the public about the dangers of gambling addiction and the costs associated with it.

Some millionaires do gamble for the sake of having fun due to the adrenaline experienced on betting huge amounts of money. Though some rich people do it for fun, others do it primarily for gaining profit. They would rather choose to bet against the odds even if the chance of winning is 50/50.

This would be a great idea, especially for those who are about to fall into addiction, it would be a style of help and warnings of what can happen, it would also be contributing a lot so that people do not fall into it. You have not thought of creating a thread for it? to raise awareness? I am sure that if you do a thread of that style it will have a lot of support, it is a way of contributing to the forum for all those who at this moment have problems of that style, also we do not know the extent of the people who can help.

[carlisle1]

This would be a great idea, especially for those who are about to fall into addiction, it would be a style of help and warnings of what can happen, it would also be contributing a lot so that people do not fall into it. You have not thought of creating a thread for it? to raise awareness? I am sure that if you do a thread of that style it will have a lot of support, it is a way of contributing to the forum for all those who at this moment have problems of that style, also we do not know the extent of the people who can help.

Interesting, if there's something like that, it surely gets attention and awareness,

we all know how big this problem was, by proving statistics and some deeper information about
this gambling related issues, many readers will participate and share their own personal experiences.

I's no joke how big a gambler can risk both small and big players. They are all prone to suffering the greatest regrets of their life.

[sunsilk]

~
They've lost a lot and that makes them worst because of the mental breakdown that it has given them. But for those totally rich gamblers that are losing thousands to millions, it's just another typical day for them.

Yes there are professional gamblers who wage millions but there are only a few that does that in a professional way. From what i saw in a documentary those who do professional gambling in sports, they are not even allowed to wage in any bookies because they know they are bad business for them and they usually shut them out and these professional gamblers would hire people to wage a bet on their behalf. It is a tricky game but those are a selected few that does these and the rest are just casuals .

Talking about professional like those poker tournaments, these professionals are wise and they'll secure for themselves before wagering that much that they can't afford to lose. In that case, some are just going away with a decent amount and take it home.

I don't know that there's such a rule about these professional bettors. Because from what I know, they're free to bet wherever they want but if there's really a golden rule that stops them.

I find it as an odd thing since casinos, bookies and the others allows everyone to gamble as it's nature of their business.

[oktana]

Losing isn't a bad thing. I don't know if OP is being sarcastic but you can call them greatest depending on their storyline.
Losing millions of dollar isn't easy. It's a big thing to face such circumstance, also, losing builds you and teaches you the strategies that aren't working.
The people OP mentioned, do you know about their after-life?
Maybe they spend more and eventually recovered what was lost and even more.

No, losing is still bad, especially for those who lose too big money. Their feeling will be disappointment and regret, no matter if they have a lot of money to gamble. But if they like gambling, they will not stop even if they already lose too much money. We do not know what happens to them. Maybe some of them can not rise up and getting stress for the rest of their life. It needs a big effort to rise after getting lost too big money and they can not do that alone because they need other people to help them and drag them out from gambling.

Do you know anyone who achieved greatness without failing? If you want to make money, it'll cost you. It could cost money, it could cost time, or even losses but depending on who it is, they can learn from their losses. In fact, I think the bigger your loss is, the bigger you learn not to try that strategy or route. Except for some people who never learn but rather keep on gambling till they are sucked dry.

[virasog]

Losing isn't a bad thing. I don't know if OP is being sarcastic but you can call them greatest depending on their storyline.
Losing millions of dollar isn't easy. It's a big thing to face such circumstance, also, losing builds you and teaches you the strategies that aren't working.
The people OP mentioned, do you know about their after-life?
Maybe they spend more and eventually recovered what was lost and even more.

No, losing is still bad, especially for those who lose too big money. Their feeling will be disappointment and regret, no matter if they have a lot of money to gamble. But if they like gambling, they will not stop even if they already lose too much money. We do not know what happens to them. Maybe some of them can not rise up and getting stress for the rest of their life. It needs a big effort to rise after getting lost too big money and they can not do that alone because they need other people to help them and drag them out from gambling.

Do you know anyone who achieved greatness without failing? If you want to make money, it'll cost you. It could cost money, it could cost time, or even losses but depending on who it is, they can learn from their losses. In fact, I think the bigger your loss is, the bigger you learn not to try that strategy or route. Except for some people who never learn but rather keep on gambling till they are sucked dry.

I think this does not implies in gambling. Once you lose so big in gambling its hard to recover your loss. Gambling Is different from other professions where experience does not matter much.
Even the most experienced gamblers can lose a lot of money if they do not do money management. Greediness is another factor of high losses in gambling.

[BuNga_cute]

~

No, losing is still bad, especially for those who lose too big money. Their feeling will be disappointment and regret, no matter if they have a lot of money to gamble. But if they like gambling, they will not stop even if they already lose too much money. We do not know what happens to them. Maybe some of them can not rise up and getting stress for the rest of their life. It needs a big effort to rise after getting lost too big money and they can not do that alone because they need other people to help them and drag them out from gambling.

Do you know anyone who achieved greatness without failing? If you want to make money, it'll cost you. It could cost money, it could cost time, or even losses but depending on who it is, they can learn from their losses. In fact, I think the bigger your loss is, the bigger you learn not to try that strategy or route. Except for some people who never learn but rather keep on gambling till they are sucked dry.

I think this does not implies in gambling. Once you lose so big in gambling its hard to recover your loss. Gambling Is different from other professions where experience does not matter much.
Even the most experienced gamblers can lose a lot of money if they do not do money management. Greediness is another factor of high losses in gambling.

In my opinion not only big losses, but small losses are also very difficult to recover in gambling. Because indeed winning in gambling is based
on our luck, so don't even think about covering the losses we experience in gambling. My advice when we experience large losses when gambling,
we should stop immediately and don't continue playing, if we insist on continuing to play gambling it will only make our capital run out.  Since
money management and controlling emotions are very important in gambling, and don't let our greed control us when gambling. Therefore,
if I play gambling only for fun, so when I experience a loss I am not provoked to pursue a win to cover the losses that have been experienced.
This makes it easier for me to control my greed.

[KTChampions]

I think creating a list about the biggest losses of losing streak of people would be slightly advantageous to the people who are addicted to gambling. I also do think it is a way of convincing the public about the dangers of gambling addiction and the costs associated with it.

Some millionaires do gamble for the sake of having fun due to the adrenaline experienced on betting huge amounts of money. Though some rich people do it for fun, others do it primarily for gaining profit. They would rather choose to bet against the odds even if the chance of winning is 50/50.

I would look with great interest at confirmed losing streaks in real casinos or bookmakers. Many people use Martingale not only when playing red/black, but also when betting, I think it would be useful for them to look at the losing streak of 10-15 bets long, which turned out with bets with odds of 1.6 (which are considered more or less reliable).

[mindrust]

I think creating a list about the biggest losses of losing streak of people would be slightly advantageous to the people who are addicted to gambling. I also do think it is a way of convincing the public about the dangers of gambling addiction and the costs associated with it.

Some millionaires do gamble for the sake of having fun due to the adrenaline experienced on betting huge amounts of money. Though some rich people do it for fun, others do it primarily for gaining profit. They would rather choose to bet against the odds even if the chance of winning is 50/50.

I would look with great interest at confirmed losing streaks in real casinos or bookmakers. Many people use Martingale not only when playing red/black, but also when betting, I think it would be useful for them to look at the losing streak of 10-15 bets long, which turned out with bets with odds of 1.6 (which are considered more or less reliable).

People use martingale almost on everything nowadays. Not only gamblers, but traders also use it. If your current position lost 50% of its value, double your position. You double your position whenever a 50% drop happens. Just like in gambling it is a dumb move in trading. The idea is still the same and it is still stupid. Doubling down on losses don't make sense.

[Dragonfund]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

The topic piqued my interest, how could one loss be the greatest, that should be like worse loser as the topics misrepresented the contents.

On the contrary, gambling is a mystic addiction that is always difficult to overcome, I still find it difficult to accept a loss on my $20 deposit on every spinning in an online casino, let alone betting thousands and millions of dollars, I will collapse if I am in any of their shoes, but I trust myself because I know my risk limits.

[Fortify]

Many believes that winning always favor the houses, but there's still many who believes that in a certain point and chance, they could take the win. There's nothing wrong with that, what is wrong is when we have a losing streak but still continues to play anyway.

Have you ever wonder what happens if someone bets a huge amound of fund, the same way as those who betted all in in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.

I've read this artcile What Happens to the Biggest Gambling Losers? stating some instances of biggest gambling losers.

-snip-

3. Omar Siddiqui - Lost $121 million

Even as he earned $225,000 a year, he once lost $8 million in a day.

He played at the Venetian and MGM Grand while having a multi-million dollar debts from other casinos at the same time. It was also said that he used $65 million from his company in gambling. If we could think of a way to pay out debts, gambling is not the best idea, as it could put us down to deeper debt if we didn't succeed.

2. Zhenli Ye Gon - Lost $125 million

Between 2004 and 2007, Zhenli gambled away over $125 million – in cash. He was among the largest up-front cash-only players at the Venetian and in Las Vegas in general.

After losing $125 million in gambling, in 2007, Zhenli's home in mexico was raided and authorities found out a huge amount of drug money. It's a big learning for us to always use a clean money in gambling. That's why sometimes, casinos have bad images, since movies are showing big gamblers who gets their money from illegal activities.

1. Terrance Watanabe - Lost $127 million

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

He was said to lose for about $5 million a day playing 24 hourse in casinos and with this, he was burried to dept. IMO, it impacts his health allot with the lifestyle he lived, that he got a cancer. As a gambler, we should take good care of ourselves and spend a most of our time than gambling. Money isn't always the solution for happiness, perhaps, bonding with our family is better and building memories with them are the treasure that we can keep forever.

That is a very interesting list and just goes to show that all the money in the world cannot buy intelligence to keep it. I suspect almost all of these players were using inherited money, at the very least to be able to get access to that sort of credit. It's a damn shame to think that one of their distance relatives, most likely their parents, had worked extremely hard to build the fortune that these people may have wasted away in the span of just a few short weeks. It is these sort of whales that benefit the casinos the most - just keeping one happy at your tables could keep a place in vegas open for many years. These are the people who should never get any sympathy really, as they had more than 99.99% of people in the world will see in a lifetime and they threw it all away in a desire for more.

[Mahanton]

I will never use the word Greatest in this part , Losers never become greatest mate that is a contradicting word 

but those are surely the worst gamblers recorded and not greatest 

The topic piqued my interest, how could one loss be the greatest, that should be like worse loser as the topics misrepresented the contents.

On the contrary, gambling is a mystic addiction that is always difficult to overcome, I still find it difficult to accept a loss on my $20 deposit on every spinning in an online casino, let alone betting thousands and millions of dollars, I will collapse if I am in any of their shoes, but I trust myself because I know my risk limits.

As long you do know your risk limits then it should be fine but if not then for sure you would really be experiencing some problems later on this is why you should really be aware of your actions specially when
you do deal or get engage with gambling.When it comes to losses then this would really be a very long or never ending lists since people are different in terms of financial capacity which simply means that
losing amount would really vary and it would be sky is the limit.Losers is much more in terms of number compared to winners and this is the reality of gambling field.

[bL4nkcode]

In fact, I think the bigger your loss is, the bigger you learn not to try that strategy or route. Except for some people who never learn but rather keep on gambling till they are sucked dry.

Then sometimes the more they learn a new strategy the more they loss coz sometimes it doesn't work like that, and still keep repeating it.

Gamblers (the addicted one) doesn't stop when they lose they will try another one to keep it rolling, until they found out that's the last bet they could do, then find another source of funds just to do gambling.