Greatest Gambling Losers

[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.