Greatest Gambling Losers

[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]

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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.