Greatest Gambling Losers

[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.

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[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).