Greatest Gambling Losers

[finaleshot2016]

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.

Maybe some of those people on the list are just seeking for enjoyment and happinnes but the others are just unlucky in gambling. I doubt that all of them are just spending for nothing because money is still a money even you have many of it.

So definitely, those in the list are the ones who continuously playing gambling even they're losing. It can be the cause of stress or maybe seeking for a huge pot that makes them greedy in gambling. Agree, a life of a gambler is very difficult because you don't know if you'll have money in the next day, probably all day risking for your survival.

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[DarkDays]

Good God, what goes through these people's minds? You would think after losing several million dollars that you would call it a day—especially considering that most of these players only had this sort of money by winning it in the first place.

I wonder what the single largest loss in all of history was?

You would think that some billionaires must have lost at least $10 million in a single bet. Especially if you consider trading losses at bets—there have been some devastating wipeouts in recent history, even back in March this year.

I wonder what the poker table looks like at billionaire meetup events?!

[Janation]

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.

This is not just a mindblowing fact, it is a waking call to us all.

Even though we are not even comparable to these people, we should know that despite the low and high amount of bettings we've done, we should be able to control the urge of us gambling because at the end of the day, it can end up in losses. Instead of using that money into other things that is more important, it is falling unto pockets of these owners and investors. Life is hard and we should not make it harder by relying on gambling.

[AicecreaME]

<...>

This is a nice thread about how much a person can lose through gambling. I think this is a good wake up call to those who are planning to engage in gambling that we must bet in accordance to what we can afford to lose.

Majority of the gamblers listed had indebted large sum of money from the casinos and even used their funds for to satisfy their urge to gamble. Like Aiko on #9 and Omar on #3. We must always remember to gamble moderately and responsibly so we won't be left with nothing when the time comes.

Discipline is the key if you don't want the banks and casinos to run after you, your family, and your properties. You must know where to set your boundaries so you can always stop if losing streaks happen.

[acroman08]

I knew or at least have an idea that there are people who would lose that much money. but I wonder how they cope with the idea that they lost that much money. I know to my self I would probably have depression if I lost that much money to gambling.

9. Akio Kashiwagi - Lost $19 million

in 1992, he was found brutally murdered in his home near Mount Fuji, stabbed over 150 times.

Spending too much in a casino especially putting yourself into a huge debt from a variety of casino could risk even your life. Learn to bet an amount that you can afford to lose from your own pocket and do not risk funds that you aren't sure if you have the capacity to pay.

damn, that's the problem with gambling using borrowed money especially if you borrowed it from the wrong people and keep losing and not being able to pay it back.

[Silberman]

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.

But that is precisely the thing, do you think that the guy that lost 127 million was happy about it? I am not against those that are rich to use their money as they want and even to spend it in whatever they may like regardless of how expensive it is, but even if I like gambling I don't really think that you get anything out of it except the fun and there are many ways to get a lot of fun with 127 million dollars and still have a lot of money to spare for many other activities.

[KTChampions]

Interesting numbers, but I would not say that they are shocking (there are so many billionaires in the world now ...). I think that there is an area adjacent to gambling where losses (and gains) are much greater - this is investment. The figures there are in the tens of billions of dollars. And behind every decision of the investment fund there are specific people, so we can say that these are their losses.

[Chrystora123]

snip..

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.

snip..

what exactly at that moment was thinking by this person!!  burning $ 127 million just to gamble, he completely lost his mind.  I will think thousands of times to gamble with a capital of more than $ 100k.. 

[TedMosby]

what exactly at that moment was thinking by this person!!  burning $ 127 million just to gamble, he completely lost his mind.  I will think thousands of times to gamble with a capital of more than $ 100k.. 

he said that the casino makes him stay longer by gave him liquor, food, drugs, and other "services".
if this is true then the casino might knew before that Watanabe is a dumb (but rich) guy .
https://www.businessinsider.com/meet-the-man-who-blew-127-million-and-most-of-his-familys-fortune-gambling-in-vegas-2009-12?r=US&IR=T

[KTChampions]

what exactly at that moment was thinking by this person!!  burning $ 127 million just to gamble, he completely lost his mind.  I will think thousands of times to gamble with a capital of more than $ 100k.. 

he said that the casino makes him stay longer by gave him liquor, food, drugs, and other "services".
if this is true then the casino might knew before that Watanabe is a dumb (but rich) guy .
https://www.businessinsider.com/meet-the-man-who-blew-127-million-and-most-of-his-familys-fortune-gambling-in-vegas-2009-12?r=US&IR=T

  he ended up buying regular alcohol/drugs, etc. at a cosmic price. In general, I heard about this - a casino for VIP clients creates heavenly conditions, hoping that these "investments" will pay off with the money that clients will lose. And apparently it works.

[Pamadar]

The more I read this the more I think being a compulsive gambler will lead you to this state where you gradually increases your chances of losing in the long run.

It's addictive so for sure the outcome of you continuous engagement to this activities will ruined yourself.
You'll lose lots of money and before you realize that you already did you already lose a huge amount of money.

This kind of people really need a mental health professional before it gets worst—lucky for them they were rich people, but for those below to them shouldn't try to be compulsive or else the worst (I mean some are really worst) thing will happen to them.

Come to think of it, why casinos keeps growing. because there are lots of middle to below class gamblers who keeps
playing and given away their money inside gambling activities.

[FIFA worldcup]

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.

Those who take risk in gambling are rewarded sometimes. But those who do not take risk and do not play gambling with big amounts, they will never be able to win big from gambling. They need to play gambling with a plan on how much money to play with and what to do in case of loss and win.

[LogitechMouse]

The more I read this the more I think being a compulsive gambler will lead you to this state where you gradually increases your chances of losing in the long run. This kind of people really need a mental health professional before it gets worst—lucky for them they were rich people, but for those below to them shouldn't try to be compulsive or else the worst (I mean some are really worst) thing will happen to them.

This just shows that being a compulsive gambler like the ones posted by the OP will just lead to losses.
TBH, it will just go down to how good you are in controlling yourself especially when it comes to gambling.

For sure those at the top seek the help of the professionals just to recover themselves from the losses they faced and while some feel depressed of their losses, there are some of them who are just "Ok I lost its ok for me I have a huge money there still". Their losses are just nothing to them .

[nakamura12]

This should be remembered by everyone that gambling too much can cause problem and one of them is health problem like the case of number 1. Although one of them is very rich so it shouldn't be a problem when it comes to financial problems but the health problem is npt since if you gamble all the time then you won't be able to take care of yourself.

[DevilSlayer]

The more I read this the more I think being a compulsive gambler will lead you to this state where you gradually increases your chances of losing in the long run. This kind of people really need a mental health professional before it gets worst—lucky for them they were rich people, but for those below to them shouldn't try to be compulsive or else the worst (I mean some are really worst) thing will happen to them.

This just shows that being a compulsive gambler like the ones posted by the OP will just lead to losses.
TBH, it will just go down to how good you are in controlling yourself especially when it comes to gambling.

For sure those at the top seek the help of the professionals just to recover themselves from the losses they faced and while some feel depressed of their losses, there are some of them who are just "Ok I lost its ok for me I have a huge money there still". Their losses are just nothing to them .

They cannot control their obsession and it is the reason why it resulted to them to lose huge amount of their money. OF course they lose because of improper allocation and because of their hope. For those gamblers out there like me, I'm sure that you also experience to have high hope especially when we have consecutively losses. We think that our hope can help us in order to regain our losses but we are wrong and we need to stop and rest in order to prevent huge losses especially if we are in consecutively losses. This rich people for sure regretted their decisions because of the huge money that they lose. It is one of the example that even if earn huge money in gambling, the casinos can regain it if we do not have proper strategy and risk management.

We should really identify the amount of the money that we are willing to risks because if we put our hard earned money and we lose it in online or traditional casino, for sure it will affect us not only through psychology but also physically. The psychological damage is really the consequences of being greedy and losing huge amount of money in gambling.

[BuNga_cute]

The greatest gambling losers shared in the opening post are a lesson for all of us that gambling addicts will end badly.
Of all the names mentioned in the opening post, gambling had ruined their lives. Even some people end up dying,
I get goosebumps enough to imagine it. Therefore, we always control ourselves when playing gambling, we must be
able to limit ourselves when playing gambling.

[Waffen]

Safa Al Geabury bears similarities to Terrance Watanabe. He’s a very wealthy individual who refused to cover his gambling debts when the time came.

The Swiss businessman owns an Islamic art collection that was once valued as high as $1 billion. He received a huge marker at London’s Ritz Club in 2014 as a result of his wealthy reputation.

But when it came to pay the marker, Al Geabury was very cheap. He lost £2.2 million at the Ritz Club and ignored the debt. The casino eventually sued him for the money. Al Geabury defended himself by saying that the Ritz took advantage of his compulsive gambling problem.

[Becky666]

This should be remembered by everyone that gambling too much can cause problem and one of them is health problem like the case of number 1. Although one of them is very rich so it shouldn't be a problem when it comes to financial problems but the health problem is npt since if you gamble all the time then you won't be able to take care of yourself.

This bores down to self-control in gambling. Health wise still depends on how a gambler is able to handle what's called "self-control" because this is the main reason why many gamblers end up in danger health wise. There should be limits  for every gambler out there in order to curb this issue among gamblers addict. Personally, most of my gambling activities are done within weekends because of my time to relaxe out stress. 

[2double0]

I'm myself a big loser in gambling which is why I left it long time ago. Had my home worth $100k buried into gambling because I got badly addicted to this. Then, my son gave (gifted) me a home but he didn't use my name as buyer but gave my grandson's name and it was under his possession since then, so I can say that I'm dependent on his mercy. Life has been hell since what I committed. Now I do it, but I don't do it carelessly and keep control on me as I don't have any sources to live and to fund my gambling needs.

[skarais]

I'm myself a big loser in gambling which is why I left it long time ago. Had my home worth $100k buried into gambling because I got badly addicted to this. Then, my son gave (gifted) me a home but he didn't use my name as buyer but gave my grandson's name and it was under his possession since then, so I can say that I'm dependent on his mercy. Life has been hell since what I committed. Now I do it, but I don't do it carelessly and keep control on me as I don't have any sources to live and to fund my gambling needs.

The result of gambling addiction causes the loss of everything, family, home, and all happiness. Your bad experience is very valuable for the other person to quickly leave the addiction before regretting it. Luckily, your son still cares and gives you a home even though your grandson is the original owner of the place where you live, at least you have a decent place to live and have stopped gambling.