Greatest Gambling Losers

[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.