Greatest Gambling Losers

[peter0425]

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.

You can find that everynight in each casino houses,when employees of the casino has a capital to wait for those rich gamblers to make a loan about their cars or even houses just to have money to bet.

i have a friend way back whos working in casino that has already collected expensive Watches and even a car because addicted gambler sells those to them just to make bets again.

[maydna]

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.

I think it is not weird to see them lose in gambling because if they have addicted, that amount will not surprise people because what they want only playing gambling. The addicting will tempt them to still playing gambling, and they will use more money just to fill their desire. That will not be a problem if they have much money as their income, but still, having addicted to gambling will only give more problems to their lives. That is why we always need to control ourselves in gambling games because we can end our lives without having a chance to recover the losing money.

[ReiMomo]

All greatest losers are end up nothing, the same as the story that I had heard.

A guy massacre the casino using the high powered machine gun after the huge loss. The bloody scenario including himself found dead by the authority. Imagine, you'd become willing to waste your life because your brain was eating with addiction.

These OP shared I guess will have a lesson to us not to follow with them.

[yazher]

All greatest losers are end up nothing, the same as the story that I had heard.

A guy massacre the casino using the high powered machine gun after the huge loss. The bloody scenario including himself found dead by the authority. Imagine, you'd become willing to waste your life because your brain was eating with addiction.

These OP shared I guess will have a lesson to us not to follow with them.

I also heard about that story, I mean I saw it on the news where a man has free fire some people in the casino because he is so frustrated that he lost it all there and after that, he needs to pay some credits from the people he is owed. After he fired on the innocent people, he killed himself. Moral of the story is stay away from those people because they will self-destruct if they run out of reason to move on.

[adzino]

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 mean, I am sure they have managers and know what they are doing. They were just trying their luck.
Like you said, the house will always win in the long run. If someone manages to make some profit, they got lucky and should stop. They should know that they won't be making profit forever!

[Fundamentals Of]

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.

[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.

[smyslov]

There are still a lot that are undocumented these are just that are documented, no gamblers don't want to be in an open list like that, this is a big embarrassment for you and your family , because we have no control on what people are thinking, especially if you have a reputation to protect like Michael Jordan, every gambling casinos has a whistle blower that will announce their clients who lost a lot money in their casinos.

[MCobian]

For those of us who are accustomed to gambling with small capital, then experience losses until our capital runs out. By looking at 10 people with
a very big loss. Make us a little calm and feel a little comforted, because it turns out that there are many people who experience losses that are
far greater than what we have experienced. I am sure these 10 people are addicted to gambling, otherwise it is impossible to spend so much just
for gambling.

[Beparanf]

There are still a lot that are undocumented these are just that are documented, no gamblers don't want to be in an open list like that, this is a big embarrassment for you and your family , because we have no control on what people are thinking, especially if you have a reputation to protect like Michael Jordan, every gambling casinos has a whistle blower that will announce their clients who lost a lot money in their casinos.

Gambling should also have some privacy data act or law for their clients as some of them might not known by their families that they are into gambling and may also lead to threats in their lives. Some personalities maybe just too popular or let them express themselves to let others known that addiction cause no good. In either way it will depends on how we will manage ourselves when it come to gambling, better not to do things that will ruin our names.

[Kupid002]

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.

[Taskford]

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.

That's why for there losses we should learn something since its so disastrous for us if we lose such huge amount but I think those name gamblers can cover up there losses since I have a feeling that they have so many money that's why they throw some huge bags of money on there plays. But Im totally curious on what is their reaction after they lose such huge amount of money.

[Bezobraznike]

For those of us who are accustomed to gambling with small capital, then experience losses until our capital runs out. By looking at 10 people with
a very big loss. Make us a little calm and feel a little comforted, because it turns out that there are many people who experience losses that are
far greater than what we have experienced. I am sure these 10 people are addicted to gambling, otherwise it is impossible to spend so much just
for gambling.

   People who gambling with big amounts can win big, but they lose big as well.
We who gamble with small amounts, we don't risk s lot and for us gambling is more
entertainment, because we can't win too much and we can lose what we can afford.
    This list is impressive, I can only imagine how it feels like to enter in casino
with millions and to gamble all night.

[plr]

   People who gambling with big amounts can win big, but they lose big as well.
We who gamble with small amounts, we don't risk s lot and for us gambling is more
entertainment, because we can't win too much and we can lose what we can afford.
    This list is impressive, I can only imagine how it feels like to enter in casino
with millions and to gamble all night.

You need to be filthy rich to be able to gamble with millions and lose by million, these millionaire do not have respect to their money they can just throw it away in hours just like that, while we poor people work all day and night just to save pennies, I will never lose that kind of money in my lifetime even I become a millionaire.

[Sadlife]

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.

[FlightyPouch]

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.

...Like Royals. As much as possible they are discrete with their gambling habits.

Yeah, I've been also wondering those people born in the family of royalty. I've been watching some videos of princes and princesses and I think with a lot of that spoiled children, there will be no member not addicted to gambling at all. I don't know how they hide it in the public but for sure, there are those royalties that are addicted to gambling. Maybe they are just doing it online.

[iTradeChips]

8. Gus Hansen - Lost $21.7 million

He has accrued $21.7 million in online poker losses at Full Tilt.

We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.

Poor Gus Hansen, he is an awesome gambler, not only a poker pro but also in an oustanding Backgammon player. Unfortunately he played to loose and didn't have a proper strategy for playing high stakes cash games online. He was is a great tournament player and an awesome showman, that is why he we could see him playing so much online. Just remember the time when he went all in every round and crushed all the other pros. As a disciplined poker professional you should never do that, but still it's just awesome to watch such a match. Definitely one of my favourite players.

This is really a very tricky move for a poker player going from one platform that you already spent year crafting your skill and being comfortable, to going to a totally unknown platform where he had difficulty adjusting. What I always do whenever I signup to an online casino that I do not really know much, is to play the free rolls first (I know a bit shitty but that's me). I would enjoy playing with many different players and try to get the feel of the game. Then I slowly inch my way to the paid tournaments. Better safe than sorry for being confident.

[glowing10]

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.

[carriebee]

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.

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.

[Fundamentals Of]

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.