Losing all your fortune with just 3 years

[Eternad]

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.

In his own case, at least he still manage to wager about that much and a the end then realizes that what he lose was not enough to compare to what he wager for gambling, which means, he is not expected to even feel bad about every of his decisions made concerning gambling and the amount of money involved, he is being able to afford for that kind amount, what if he couldn't, there is no how he could have raised to such amount to wager for gambling purpose if he had not been capable. 

The problem is he use all his fortune just to come up with that wagering volume and no person in their right mind will do that unless they are not mentally stable just like the subject here.

There’s a point which the majority of the casino profit comes from the guy losses aline which makes it so intense loss. Being capable is different on being addicted to loss all your fortune on gambling.

He is now wasted and asking for online funding to cure his own medical condition after this loses so this only show that he is not really capable of providing that wager since he use all his fortune to achieve that.

[Dr.Bitcoin_Strange]

dealing with this kind of people is very hard to do because they are difficult to approach due to their financial status. Watanabe is a rich guy so obviously he will not hear other people suggestion to him when regards to money or other people will don’t even dare to lecture him on how to control his gambling expenses because he accumulated his money through his own business.

Also this type of people has a huge ego so correcting them is very hard to do unless they already suffer on great failure. It’s very hard to believe that a successful businessman will fall to a trap of casino though.

Exactly bro, they will not even pay attention to what you have to tell them, unless you are of equal status with them but if you are not in their league, you can not advice them because they might see it as an insult. They may even ask you if you want to advise them how to manage their money?. Funny how that will sound in your ear but you are very sure that they are handling gambling in the wrong approach but they will never agree or adhere to your advice. Which other advice can someone give to them after they have successfully fuck their self up and are down to zero because if pride and lack of listening ear.

[shivansps]

I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

I think that a person with that kind of money is far from a stupid person. Most likely, he quickly realized that he had problems with gambling addiction. Why didn't he start getting treatment for this? The Lord frees you from various addictions, including gaming addictions; I went through this myself. Okay, religion isn't for everyone. Why didn’t he go to a rehabilitation center, because if there was that kind of money, he could have chosen any good rehabilitation center and undergo a course of treatment there. As I heard, he lost 5k dollars in one day, this is a lot of money even for millionaires. It’s difficult for me to somehow analyze the actions of this person, I can only say that I’m very sorry for him, I hope that he will find the strength in himself to overcome these problems with gambling addiction

[rachael9385]

dealing with this kind of people is very hard to do because they are difficult to approach due to their financial status. Watanabe is a rich guy so obviously he will not hear other people suggestion to him when regards to money or other people will don’t even dare to lecture him on how to control his gambling expenses because he accumulated his money through his own business.

Also this type of people has a huge ego so correcting them is very hard to do unless they already suffer on great failure. It’s very hard to believe that a successful businessman will fall to a trap of casino though.

Exactly bro, they will not even pay attention to what you have to tell them, unless you are of equal status with them but if you are not in their league, you can not advice them because they might see it as an insult. They may even ask you if you want to advise them how to manage their money?. Funny how that will sound in your ear but you are very sure that they are handling gambling in the wrong approach but they will never agree or adhere to your advice. Which other advice can someone give to them after they have successfully fuck their self up and are down to zero because if pride and lack of listening ear.

Finally, rich people have a clear knowledge on how to spend their money, so I can say that no rich gambler can lose all his money with a clear eyes. Although, it's easy to lose money on gamble but it's very rare for rich gamblers to use all their money and gamble all of them at ones. It's very obvious that he lost all his hard works just in one day because he was drunk. However, most rich gamblers don't listen to advise mostly if they sees the person given them advice like someone that's not up to their standard. They won't listen and they will ask you this question.

if you want to advise them how to manage their money?.

[adultcrypto]

I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

My take on this is that the gambling company have no share in the blames, it is entirely the fault of the gambler because one of the caveat of the gambling company is "gamble responsibly". There is no way the gambling company will know that the funds were his entire fortune, besides, they were not lost at once so the responsibility is on him. The family and friends might not have acted so fast else when they saw his businesses going down, they would have asked questions and see the reason. From there they would have been able to help him overcome that addiction.

This is a wonderful lesson for us all, gambling is a good business but we have to abide by the simple rule of not gambling with what we cannot afford to lose.

[Mr.suevie]

I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

Wow 😳😲, that's money is fucking huge man and the worse part is that he is not even a footballer or musician or someone that has that kind of massive income flow that can easily correct his errors. A business man having that kind of funds must have really worked his ass off because that money is no joke and all in the name and desperation of gambling ended everything so swiftly. I mean that's the craziness of gambling addiction, it can make you go mad with your habits.

[Fivestar4everMVP]

I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

Wow 😳😲, that's money is fucking huge man and the worse part is that he is not even a footballer or musician or someone that has that kind of massive income flow that can easily correct his errors. A business man having that kind of funds must have really worked his ass off because that money is no joke and all in the name and desperation of gambling ended everything so swiftly. I mean that's the craziness of gambling addiction, it can make you go mad with your habits.

It is absolute foolishness or madness, just like you said, a business man who managed to amass such amount of money must have worked his damn ass off in the previous years, and just about when it is time for him to relax and enjoy the fruit of his labour, gambling addiction set in; making him to lose all the money he must have spent tens of years gathering, in just 3 damn years.

To be honest with you, if this happened in my place, many did say that man was bewitched, that is, some voodoo kind of stuff must have been done on him to return him back to poverty.
This tells how important it is for us all to look after ourselves, knowing fully well that whatever is gotten can aas well be lost, which is why it's often said that nothing last forever, but losing such an amount of money to gambling is suicidal for me to be honest, I better don't make as much money as this, than make it only to end up losing it to gambling, big shame on me if I was in the man's shoes.

[milewilda]

I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

Wow 😳😲, that's money is fucking huge man and the worse part is that he is not even a footballer or musician or someone that has that kind of massive income flow that can easily correct his errors. A business man having that kind of funds must have really worked his ass off because that money is no joke and all in the name and desperation of gambling ended everything so swiftly. I mean that's the craziness of gambling addiction, it can make you go mad with your habits.

It is absolute foolishness or madness, just like you said, a business man who managed to amass such amount of money must have worked his damn ass off in the previous years, and just about when it is time for him to relax and enjoy the fruit of his labour, gambling addiction set in; making him to lose all the money he must have spent tens of years gathering, in just 3 damn years.

To be honest with you, if this happened in my place, many did say that man was bewitched, that is, some voodoo kind of stuff must have been done on him to return him back to poverty.
This tells how important it is for us all to look after ourselves, knowing fully well that whatever is gotten can aas well be lost, which is why it's often said that nothing last forever, but losing such an amount of money to gambling is suicidal for me to be honest, I better don't make as much money as this, than make it only to end up losing it to gambling, big shame on me if I was in the man's shoes.

Totally a waste of fortune,eh?

People wont really be making out those realizations on the time that they would be getting addicted with gambling and this has always been the case for most people is that they do really believe that
they cant be able to mess up themselves towards gambling. They are really that confident that they could be still that rich in the end of the line if they would be tending to spend up even more.
You would really be having those kind of beliefs into your mind that making easy money with gambling is possible. Yes, it could happen but the luck you would really be needing should really be there.
Forcing up yourself on playing despite of the loses then you are really just that making things getting worst.

Play according into your leisure needs and never ever make that kind of thinking that you could really be able to make yourself that rich even more. People never getting that contented
on the money that they do own. Some do play for pure leisure but majority will really be aiming for more money and this is where things starts to mess up.

[dezoel]

I don't think it turned to nothing but when we play gambling we are also gaining a dopamine. It's a kind of chemical that are released in the brain and it allows us to experienced a different feeling or emotions such as getting thrilled/excited and happy (only to name a few). Apart from that, we can also earn a profit by the time that we are lucky.

There are lots of people who are also addicted in gambling and majority has worst case than him because they lose all their wealth quickly but for him, it still took him 3 years for it to use it all. Also, an $825M wager is actually small for the capital that he allocated. Not that I'm bragging but I can sometimes wager high amounts only from a tiny bankroll.

[NotATether]

Three years? I can show you people who lost it all in three minutes.

Anyone can just go all in on their bets and if it works, great. But usually it doesn't work out and, well, bye bye funds.

It is absolute foolishness or madness, just like you said, a business man who managed to amass such amount of money must have worked his damn ass off in the previous years, and just about when it is time for him to relax and enjoy the fruit of his labour, gambling addiction set in; making him to lose all the money he must have spent tens of years gathering, in just 3 damn years.

To be honest with you, if this happened in my place, many did say that man was bewitched, that is, some voodoo kind of stuff must have been done on him to return him back to poverty.
This tells how important it is for us all to look after ourselves, knowing fully well that whatever is gotten can aas well be lost, which is why it's often said that nothing last forever, but losing such an amount of money to gambling is suicidal for me to be honest, I better don't make as much money as this, than make it only to end up losing it to gambling, big shame on me if I was in the man's shoes.

Gambling addiction is real and it's no joke. That's probably why you see otherwise very well off people just betting and betting ever more funds.

They should've allowed him to self-exclude himself before any of this happened.

[Uhwuchukwu53]

So sorry for the man. I wish something like this should never happen. But this is a lesson for people to know that gambling should be done with just little amount of money. Probably if the man is on a forum like this and reading from what we are posting on gambling discussion board, he might have learned some lessons from here instead of going through this hard time.

That is true, this speak volume in my heart we should learn how to control our emotion once it comes to gambling mostly when all that you have labour for over the years is to be engaged on the process such situations of gambling to me it's extremely unwise as many do said that gambling with what one can loss and see it as spare money is quite good in all ramifications because if it's a spare money the Man wouldn't have been in such predicament.

Though many say that life can happen to anyone but not in most cases because some case inability to structure how the life will go for you as a person leads to such, poor planning and articulating of the outcome of what one want to take as risk is very dangerous.

[ethereumhunter]

So sorry for the man. I wish something like this should never happen. But this is a lesson for people to know that gambling should be done with just little amount of money. Probably if the man is on a forum like this and reading from what we are posting on gambling discussion board, he might have learned some lessons from here instead of going through this hard time.

That is true, this speak volume in my heart we should learn how to control our emotion once it comes to gambling mostly when all that you have labour for over the years is to be engaged on the process such situations of gambling to me it's extremely unwise as many do said that gambling with what one can loss and see it as spare money is quite good in all ramifications because if it's a spare money the Man wouldn't have been in such predicament.

Though many say that life can happen to anyone but not in most cases because some case inability to structure how the life will go for you as a person leads to such, poor planning and articulating of the outcome of what one want to take as risk is very dangerous.

That's why we must learns how to control ourselves because playing gambling needs to be moderately and not use much money to avoids the big lose. That's a lessons for us not to takes it seriously when playing gambling and considers to use gambling for a fun activity and entertain. The lose will be certain if people can't control themselves in gambling and the lose can be bigger if they still not aware or realizes about that. They also must remember not to drink alcohol when they playing gambling because that can makes them lose their minds and only wants to playing gambling. They will not see the risks becomes bigger while they just knows how to spends their money in gambling games. They will difficult to wins the games as they becomes too serious playing gambling without thinks that they already lose much money.

[Amphenomenon]

So sorry for the man. I wish something like this should never happen. But this is a lesson for people to know that gambling should be done with just little amount of money. Probably if the man is on a forum like this and reading from what we are posting on gambling discussion board, he might have learned some lessons from here instead of going through this hard time.

That is true, this speak volume in my heart we should learn how to control our emotion once it comes to gambling mostly when all that you have labour for over the years is to be engaged on the process such situations of gambling to me it's extremely unwise as many do said that gambling with what one can loss and see it as spare money is quite good in all ramifications because if it's a spare money the Man wouldn't have been in such predicament.

Though many say that life can happen to anyone but not in most cases because some case inability to structure how the life will go for you as a person leads to such, poor planning and articulating of the outcome of what one want to take as risk is very dangerous.

That's why we must learns how to control ourselves because playing gambling needs to be moderately and not use much money to avoids the big lose. That's a lessons for us not to takes it seriously when playing gambling and considers to use gambling for a fun activity and entertain. The lose will be certain if people can't control themselves in gambling and the lose can be bigger if they still not aware or realizes about that. They also must remember not to drink alcohol when they playing gambling because that can makes them lose their minds and only wants to playing gambling. They will not see the risks becomes bigger while they just knows how to spends their money in gambling games. They will difficult to wins the games as they becomes too serious playing gambling without thinks that they already lose much money.

Addiction, I wonder how is family is actually coping now, sadly he failed to  see earlier too much pleasure is pain.

One lesson I learnt from this is from the  fact that it doesn't matter if others are cheering for you and loves or admire you for what you do, try to check how each decision you're making is affecting your life because this man had fans including others who just came to the casino to watch him play, I guess all these false glory affected him and he became  what he is now,  how cruel Addiction can always be, sigh.

[bettercrypto]

I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

127 million dollars is a very big amount, to be honest, but he was able to beat it because of the extreme addiction he has and the fact and the fact that he can no longer control himself in such a situation. That's the only thing that's a bit scary when you're addicted to gambling, which is that if you let it swallow you and control you, it will really destroy your own life and can even lead to a crime in the end.

Even 1M$ is very difficult to earn, in fact it's 127M$, geez! and OMG! That's a huge amount, so it's important that we learn what is called self-control and self-discipline, and there should always be a limitation when playing gambling.

[Negotiation]

So sorry for the man. I wish something like this should never happen. But this is a lesson for people to know that gambling should be done with just little amount of money. Probably if the man is on a forum like this and reading from what we are posting on gambling discussion board, he might have learned some lessons from here instead of going through this hard time.

That is true, this speak volume in my heart we should learn how to control our emotion once it comes to gambling mostly when all that you have labour for over the years is to be engaged on the process such situations of gambling to me it's extremely unwise as many do said that gambling with what one can loss and see it as spare money is quite good in all ramifications because if it's a spare money the Man wouldn't have been in such predicament.

Though many say that life can happen to anyone but not in most cases because some case inability to structure how the life will go for you as a person leads to such, poor planning and articulating of the outcome of what one want to take as risk is very dangerous.

Controlling emotions is essential in gambling, the biggest weakness being getting extra money. In my opinion I think it has more to do with genetics than anything else for years I've struggled with gambling addiction so it's no longer okay to win here. Some people with addictions have compulsions for drugs or lying or shopping etc. whereas I myself have no problem controlling my emotions with these things.

[NAPK1NS_RA3]

I believe that although they did take advantage of him, he got himself in that mess. I don't know how someone with that much money could gamble...at least gamble that much. Makes no sense to me.

[Don Pedro Dinero]

The problem is he use all his fortune just to come up with that wagering volume and no person in their right mind will do that unless they are not mentally stable just like the subject here.

Of course, apart from the scandalous amount, we have to think that he lost everything he had. For others it might be $50,000 but that's gambling everything.

I believe that although they did take advantage of him, he got himself in that mess. I don't know how someone with that much money could gamble...at least gamble that much. Makes no sense to me.

That's due to mental problem, addiction. If you read the news you will see that he could spend 24 hours gambling on $25 multi-line slot machines. That's not right in the head.

[ethereumhunter]

Addiction, I wonder how is family is actually coping now, sadly he failed to  see earlier too much pleasure is pain.

One lesson I learnt from this is from the  fact that it doesn't matter if others are cheering for you and loves or admire you for what you do, try to check how each decision you're making is affecting your life because this man had fans including others who just came to the casino to watch him play, I guess all these false glory affected him and he became  what he is now,  how cruel Addiction can always be, sigh.

Yeah, addiction is something that we must avoids. We already see what the impact of addiction to our lives so we must not use gambling as a serious thing in our lives. We will gets that pain when we becomes addiction and that will impact to our family whether they like it or not. Our family lives will also ruins because of our addiction and everything will changes becomes worst.

We have that lessons so we must always take care of ourselves and not use much money to playing gambling. After all, playing gambling is only for fun and in our spare time and not too often playing gambling because that can triggers us to becomes addicted to gambling. The addiction can ruins someone lives and their family and no one wants to experience that so we must be careful when playing gambling.

[Hirose UK]

~snip~

That is true, this speak volume in my heart we should learn how to control our emotion once it comes to gambling mostly when all that you have labour for over the years is to be engaged on the process such situations of gambling to me it's extremely unwise as many do said that gambling with what one can loss and see it as spare money is quite good in all ramifications because if it's a spare money the Man wouldn't have been in such predicament.

Though many say that life can happen to anyone but not in most cases because some case inability to structure how the life will go for you as a person leads to such, poor planning and articulating of the outcome of what one want to take as risk is very dangerous.

That's why we must learns how to control ourselves because playing gambling needs to be moderately and not use much money to avoids the big lose. That's a lessons for us not to takes it seriously when playing gambling and considers to use gambling for a fun activity and entertain. The lose will be certain if people can't control themselves in gambling and the lose can be bigger if they still not aware or realizes about that. They also must remember not to drink alcohol when they playing gambling because that can makes them lose their minds and only wants to playing gambling. They will not see the risks becomes bigger while they just knows how to spends their money in gambling games. They will difficult to wins the games as they becomes too serious playing gambling without thinks that they already lose much money.

For them, rich people gamble more than anything because they are really looking for satisfaction and adrenaline which is much more desired, many rich people don't care about the risks and losses they can incur when gambling but in the end they still lose large amounts and disappointed.
Anyone will definitely regret it if they spend quite lot of the money they have just for gambling, especially if it drains all their wealth then in state of collapse they will become like crazy people or lose their enthusiasm for life.
All of this should be able to be minimized from the start of entering gambling, but however, when you first enter gambling there will definitely only be excitement, curiosity and also emotional increases that are unstable and lead to many mistakes.

Limitation in time and finances are the main factors in context like this, isn't it very sad when someone works or does business at any time in several years and has to be destroyed because of ephemeral pleasure and satisfaction.
Maybe after something like this happens they will be able to think properly and that is the experience that is called the most useful teacher.

[leonair]

So sorry for the man. I wish something like this should never happen. But this is a lesson for people to know that gambling should be done with just little amount of money. Probably if the man is on a forum like this and reading from what we are posting on gambling discussion board, he might have learned some lessons from here instead of going through this hard time.

he was deeply addicted on gambling. $825M wager in a single year is not a normal gambling. he loss $127M which is really huge big amount. gambling shouldn’t use seriously. because it is not a type of business or a investment. gambling is a bet which is really depended on luck. so taking a big risk like this It is not the work of any intelligent person. I will also say that such an incident should not happen to anyone else. every gamblers should be careful when they gamble