Greatest Gambling Losers

[LUCKMCFLY]

The caveat here is that one should always gamble responsibly regardless. Today, I heard the story of some folk who sold his parent's house, and then used the money to gamble. He lost all the money and was wrecked physically, emotional and psychologically. We shouldn't be that guy. Another example, in Kenya, one Mr Karanja lost about $5,000 during a six-year gambling period. Also, in 2016, a university student committed suicide after losing about $790 on a bet. Sad. Always know when to stop and call it quits.

This is something very painful, those are the effects of not having control of the money available to play, in 2017 I always played freebitco.in and once I lost everything, I do not deny it, I felt bad for about a week, but then I learned that I could not bet more with the Martingale strategy, and I also realized that it is best to accumulate small profits, that this should be seen as a business, and not as a method to earn quick money, for this reason is that people enter in crisis and sometimes make the worst decisions out of desperation.

[Lordhermes]

The caveat here is that one should always gamble responsibly regardless. Today, I heard the story of some folk who sold his parent's house, and then used the money to gamble. He lost all the money and was wrecked physically, emotional and psychologically. We shouldn't be that guy. Another example, in Kenya, one Mr Karanja lost about $5,000 during a six-year gambling period. Also, in 2016, a university student committed suicide after losing about $790 on a bet. Sad. Always know when to stop and call it quits.

This is something very painful, those are the effects of not having control of the money available to play, in 2017 I always played freebitco.in and once I lost everything, I do not deny it, I felt bad for about a week, but then I learned that I could not bet more with the Martingale strategy, and I also realized that it is best to accumulate small profits, that this should be seen as a business, and not as a method to earn quick money, for this reason is that people enter in crisis and sometimes make the worst decisions out of desperation.

It is devastating to see people loose such amount of money because of gambling,lack of control and misplacement of priority results to that. Most people see gambling as a means of doubling their income.The fact that it worked for you once,does not mean that it will always work for you. We just have to be mindful on how we invest our income in gambling.

[Joca97]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

[pinggoki]

Importance of always imposing control upon yourself before you gamble. Debts are just the tip of the problem iceberg when you invest too much on your gambling addiction and release any form of regard on your mental health or even your social life. Addiction is not something you could laugh about, especially gambling addiction because it is almost always a gateway to harder forms of addiction such as alcohol or drug addiction in some cases. So whenever you feel like you have been gambling too much or gambling too hard, take that important breather to relieve yourself of the mental stress and invest in something else that will help you release the stress. Winning isn't always the best thing in gambling anyway, but most of all it is the prevention of all forms of losses.

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

Well some people see gambling as a get-rich-quick scheme which sometimes it is but almost always isn't. These types of people lose money on gambling, will probably ask for loans to a loan shark, and then incur more losses in the process, which will then cause them to be hunted for their lives because there's no way you can pay that much money when you're already stuck in the deep mire of gambling addiction.

[dunfida]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

When you do have the money then you can do all things that you want and there would be no prohibitions from banks since you are also one of their big clients and wont be tending to make out some rejections or prohibitions on what would you do into your money.

We do just accept the fact that there are people on this world are wealthy enough to spend out lots of cash into particular things and its none of our business on how they would gonna do into their cash.

Yes, those losses are massive and some do end up on a suicide.This is clearly showing on how gambling addiction would really cost you.

[tippytoes]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

When you do have the money then you can do all things that you want and there would be no prohibitions from banks since you are also one of their big clients and wont be tending to make out some rejections or prohibitions on what would you do into your money.

We do just accept the fact that there are people on this world are wealthy enough to spend out lots of cash into particular things and its none of our business on how they would gonna do into their cash.

Yes, those losses are massive and some do end up on a suicide.This is clearly showing on how gambling addiction would really cost you.

Exactly! If you experienced going inside physical casino with your pockets full of money, you will enjoy your games and you won't notice that it is slowly depleting. This is why a lot or wealthy people can easily lose big amount of money, because sometimes they don't care the results as long as they are enjoying the game. And those people can cash out their money if they do have their stash, and they can easily get a hold of their connections to make their requirements possible.

[tabas]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

[Lordhermes]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

While gambling,one needs to be very watchful over how he plays so as not to get himself absorbed in the game.If you win a game be very watchful and careful how you spend that same money,otherwise it will go overnight.And while gambling,if you observe that you have lost twice or thrice,its better to quit betting for that day.

[Cling18]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

Gambling isn't dangerous if we know how to handle it and deal with its risks. As we have seen on the list, gambling addiction could break and ruin lives but not gambling alone could do it. Gambling has a huge risk but sometimes abusing it and being greedy could change everything including our social status. We should know when to stop and when to continue.

[geegaw]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

Gambling isn't dangerous if we know how to handle it and deal with its risks. As we have seen on the list, gambling addiction could break and ruin lives but not gambling alone could do it. Gambling has a huge risk but sometimes abusing it and being greedy could change everything including our social status. We should know when to stop and when to continue.

To be honest, I don't like elevating the role of handling in gambling because it is similar to how we are accumulating subjectivity about our attitudes and creating dangerous seeds that are very promising in the near future, processed many times and issued a series of low to high handle lists for processing but the number of people who lost bankruptcy still increased. Instead of letting our selves train such futuristic monsters, thoroughly erasing gambling ideas will put an end to the concerns behind.

[hahay]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

Gambling isn't dangerous if we know how to handle it and deal with its risks. As we have seen on the list, gambling addiction could break and ruin lives but not gambling alone could do it. Gambling has a huge risk but sometimes abusing it and being greedy could change everything including our social status. We should know when to stop and when to continue.

To be honest, I don't like elevating the role of handling in gambling because it is similar to how we are accumulating subjectivity about our attitudes and creating dangerous seeds that are very promising in the near future, processed many times and issued a series of low to high handle lists for processing but the number of people who lost bankruptcy still increased. Instead of letting our selves train such futuristic monsters, thoroughly erasing gambling ideas will put an end to the concerns behind.

Of course, but not everyone can erase gambling from his brain. However the prohibitions and reminders that are made to prevent them from going bankrupt from gambling will still not be 100% effective, because gambling is their choice and gambling itself is easy to find or get. So yes, the only way so that gambling does not endanger our lives, then we must instill high discipline, because only with discipline at least it will make your life safe even though you are active in gambling.

[Woodie]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

[Tumanggor]

~

Their victory really makes me jealous, but bad luck for them because they didn't take the opportunity well
surely many say if they stopped when they won big then they would definitely be relaxed rich people now

they are proof that gambling arouses our natural curiosity and greed
Stopping when you win is a very difficult thing for gambling players to do, it has happened a lot

[KTChampions]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

This is a good point of view for complacency, but even if a player with one dollar won a million and then lost this million, it will be a great pain to remember such a loss. Naturally, this is better than losing a million that you have earned at work/business, but all the same loss is a loss.

[Slow death]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

I think they're people who lost all their money, if they had lost money and recovered then I don't think it would be so talked about in the media or they wouldn't be talking about it. It's also hard to imagine that someone loses millions of dollars and manages to recover, games make people always want to recover money when they lose and in the end in most cases people leave with empty pockets, total loss and become poor

[uneng]

4. John Daly - Lost $55 million

While he won an impressive $35 million, he lost and even more staggering $90 million, working out to a total loss of $55 million.

After losing, John Daly switched from $5000 slot machines to $25 ones. There's nothing wrong by playing in moderation, it means that we are learning from our mistakes and it is a way to stop the impact of a huge losing streak. Our goal in gambling is not just to be rich but to experience the fun in it. $25 slot machine is still a slot machine right?

Interesting how even winning 35$ millions wasn't enough for this man that he continued persuing even more prizes and ended with a loss of 55$ millions. That is a clear example of greedy in gambling. I believe 35$ millions are enough for anyone to have a stable, confortable life while still gambling moderately forever without worrying about financial issues anymore.
It's sad when people receive the opportunity of their lives and throw it in the garbage without thinking twice.

[Oilacris]

~

Their victory really makes me jealous, but bad luck for them because they didn't take the opportunity well
surely many say if they stopped when they won big then they would definitely be relaxed rich people now

they are proof that gambling arouses our natural curiosity and greed
Stopping when you win is a very difficult thing for gambling players to do, it has happened a lot

Stopping midway is really hard when you do know that you do have money to spend and your greed will really arouse on that time and longing to have more winnings until you do bust all of your

winnings back to the gambling site.When it comes to lossers list then this would really be a long or never ending one.We've seen those greatest gambling losers list and its no surprise

that realizing those mistakes is after those unfortunate situation you would gonna experience.

[just_Alice]

This loss are so degen that i cannot explain it. How do you bet this big. Gambling should be for fun especially in casinos. I still dont understand how people loss such a big amount. How do they even carry that amount of money with them or how the bank allows such transcations

All these bettors that wagered millions of $ are obviously very rich and banks (and casinos as well) give special treatments to clients that deposit such big money. I assume that money didn’t come from some illegal activity, otherwise yes, making such transactions would raise suspicions.

Also, it is possible that many of these large losses were made in some kind of tournaments, people play for real big money in those.

On the one hand, it’s sad to see that kind of money be spent on just one activity - gambling, and it makes one wonder why didn’t they spend it on travelling or other kind of fun instead. On the other hand, for these people might have been the most preferable form of entertainment and, basically, became their life and nothing else interested them. It’s their right to make such a decision, it’s only sad that so many stories didn’t end well

[Johnyz]

If someone like a gambler was using a strategy like martingale,  chances are accumulated losses will seem like they lost a lot of money but in reality these guys could actually be profitable.

I guess whats in the OP hasn't given us the full picture of how the players walked off the table, did they loss all their money from millions to zero in their gambling wallet,  or this is how much was wagered and lost.

This is a good point of view for complacency, but even if a player with one dollar won a million and then lost this million, it will be a great pain to remember such a loss. Naturally, this is better than losing a million that you have earned at work/business, but all the same loss is a loss.

Losing will always be memorable especially if we are talking about millions of money, hopefully they didn’t lose all their money and still living a good life today. Maybe those are the elite gamblers that afford to lose millions of money so there’s no need to question that, those gamblers knows how to play their money they are just unlucky.

[tabas]

Gambling is a dangerous game. It can make you a millionare and then take everything away overnight.

It's not dangerous if you're that type of person that's very responsible and you know the sides of it. Yeah, it can make you a millionaire but it can also make you poor by that the same night if you don't secure those wins that you've taken from it.
That's why it's only becoming dangerous if you're out of self control and you can no longer make a good decision when the atmosphere's become hot on your end.

While gambling,one needs to be very watchful over how he plays so as not to get himself absorbed in the game.If you win a game be very watchful and careful how you spend that same money,otherwise it will go overnight.And while gambling,if you observe that you have lost twice or thrice,its better to quit betting for that day.

Yes, if that's the result within that day, you should don't go further as you've already managed to loss a lot and just make it a day.
There's always another chance that you can do when you're going to gamble and even if you have the means to gamble, you still cannot know if you're good afterwards when you've lost a lot already.