Greatest Gambling Losers

[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.

[1715117248]

1715117248

[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]

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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.