Losing all your fortune with just 3 years

[Roseline492]

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.

Indeed it was a very sad story for a man to labour so hard to build his business and at the end lose everything, perhaps this is the kind of experience that makes most people to commit suicide because it will be very difficult for him to bear the pain considering the fact that he will be starting all over again and perhaps losing this kind of money could sometimes caused the person his marriage because no woman would like to stay with an addict who can use anything to gamble, however if eventually the man was able to build back his business he will not be able to think about gambling again because he should be able to learn enough from what has happened and make amends.

Gambling addict is something that nobody should ever wished for because it could make someone do what they never expected to do and will always results to a regrettable outcome, that's why is always advisable to have control on there gambling habits instead of being controlled by the gambling because this is not the first time we have been hearing a scenario like this were people borrowed money and invested all in there gambling and at the end they lose everything and also how most people sell there properties to gamble.

[taufik123]

wager a whooping 825M $ in just a single year when he lose that 127M. what a joke is this I mean this is crazy 800 Million this is in US dollar right that a lot of money you can buy anything frenn  so he basically loss 127 Million from the gambling addiction I mean 127 Million USD can be used in a lot of thing including buy a nice house and even can live happily without work with wife and kids.

So what happened with him right now is the company went bankrupt after this news comes out?

It is likely that he would have been homeless if it was his last money.
But it is crazy when an addict can spend $825 Million in the last 3 years, and even that after a whopping $127 million.

Even that is so crazy, spending $127 million is a lot of money and can change someone's life.
I don't know what's on the person's mind, and maybe to avenge the initial defeat.

I wouldn't even be able to live a quiet life if I lost a lot of money because of gambling.
Even losing $10 dollars made me think all night, let alone millions of dollars.

Now it is indeed very easy to do gambling, you can even directly transfer your bank balance to the gambling machine directly as in the video I found below.
How easy it is to do it and lose money fast.


https://x.com/weirddalle/status/1773947513307107632

[slapper]

~snip~

There's no such thing about unlimited fund on which no matter how wealthy you are on which there would really be that a tendency that you would be losing it all.It might not be instant but on the moment that you would really be continuing on playing ambling which sooner or later you would really be sleeping on the streets. Gambling loses could really be that limitless on which it would really make that a rich man would be sleeping on the streets on the moment that they wont really be that having that good moderation or control towards their gambling activity. We've seen those people who are really that sitting on the top
but ended up on losing everything because they cant really be able to control themselves on playing on which this is where most gamblers do really end up and its not new or shocking anymore.

Gambling should really be just that for fun but when people are really that confident because they do know that they do have tons of money on which they could play as much as they can.
They would really be that only mindful on the moment or time that they would really be experiencing hardship because on the moment that they do still have money. Regrets do always come at the end
and if you are really that careless when you do play gambling then theres no doubt that you would really be ending up on this kind of condition, but if you are someone whose
really that responsible and wary on the actions you are making then there's no way that you would be ending up yourself on a disaster but of course its easy to be said that done but
its not impossible.

People say "the only winning move is not to play," which is ridiculous. Men, life's a gamble. We gamble daily with our choices, occupations, and relationships. Gambling in its purest form magnifies that. Not everyone should go to Vegas and spend their savings. Let's not vilify the act. A character test and tool. Self-awareness, discipline, and odds matter. Richest men in the world. They think they're invincible? Even they can be swayed by the game. Controlling your urges matters more than money.

Check the stock market. Isn't that gambling? We're betting on companies' futures. You can invest, not gamble, with the correct knowledge, strategy, and risk management. How does that affect casinos and sports betting? Think of it as an investment. Set goals, budgets, and limits. Know when to quit, win or lose. Don't let the excitement make you make emotional rather than rational decisions.

Internal loss of control is more dangerous than external loss of money. The boundary between enjoyment and addiction, measured risk and wild abandon, must be recognized. So have fun. Roll the dice or spin the wheel, but keep your cool and focus. Control the game, not the other way around. Unless you can do it, you may want to leave.

[rachael9385]

Gambling addiction Is fucking real and can cause more harm than good to anyone involved, this this has just mealted his finances in less than a year, this calls the need for education on gambling addiction and finding ways to help those thar are already too dip put if that financial pit hole that threatens to destroy them.

Yes you are right and no body wishes to be addicted some day but ones the habit of greed is installed in them, they will end up getting addicted to gamble. Gamble addiction is real yeah, it can also make a gambler to lose more money, it's important to know the kind of money/amount you can afford to risk instead of using the whole money you have to gamble and at the end of it all you lose everything.

[Belarge]

Yes you are right and no body wishes to be addicted some day but ones the habit of greed is installed in them, they will end up getting addicted to gamble. Gamble addiction is real yeah, it can also make a gambler to lose more money, it's important to know the kind of money/amount you can afford to risk instead of using the whole money you have to gamble and at the end of it all you lose everything.

Risk to the very end, because it's a race and winning ought to be the end results. Never stop having positive results and mindset, we should always have the necessary runs to elevate ourselves because they're the evidence of progress. Gambling is good but the level of anticipation should be balance with Real time. Addiction should not be welcome, it is another level which I'll pray my enemies don't get mixed up with gambling addiction, it's tough and it's never a good run on our sides.

[klidex]

This is a clear example that gambling addiction will lead us to destruction and this is what is feared if someone experiences a gambling addiction because in their minds they only want to gamble and think of it as a game for fun, rich people think that gambling is part of the fun and they It doesn't matter even if they have to spend a lot of money to gamble, but they don't realize that this bad habit continues to happen, it will make the user become addicted and gamble carelessly and not be able to control themselves and if the expenditure and income amount is more, the expenditure will eventually go bankrupt as well. like the entrepreneur you mentioned who spent millions of dollars in just 1 year.

With this incident, the government should pay attention that everyone who wants to gamble must really do it consciously and not while drunk because gambling while drunk will make a person lose control and have more freedom in spending money but will regret it in the end because the gambling has become very worrying. I am quite sad to see the stories of people who are addicted to gambling which is detrimental to themselves and their families

[Silberman]

...

With this incident, the government should pay attention that everyone who wants to gamble must really do it consciously and not while drunk because gambling while drunk will make a person lose control and have more freedom in spending money but will regret it in the end because the gambling has become very worrying. I am quite sad to see the stories of people who are addicted to gambling which is detrimental to themselves and their families

While you have good intentions, it does not seem as this is the kind of thing that can be implemented successfully, after all even if alcohol could be prohibited from the casino area, many casinos have a restaurant area in which they can legally serve alcohol to their clients and then they can comeback to the casino area while being already intoxicated, and as you may guess this will be impossible to implement at all when it comes to online gambling, as it is not as if we can monitor the activity of all the millions of people that prefer to gamble from their own homes.

[livingfree]

With this incident, the government should pay attention that everyone who wants to gamble must really do it consciously and not while drunk because gambling while drunk will make a person lose control and have more freedom in spending money but will regret it in the end because the gambling has become very worrying. I am quite sad to see the stories of people who are addicted to gambling which is detrimental to themselves and their families

Nah, it is not the government that should get reminded by how people spend their money carelessly in gambling. The government doesn't have a say with how these gambler's behavior towards gambling. Everyone is free to spend wherever they want and whatever they want to do with it.

With such, the gamblers are the ones that needed to be reminded because if they won't see and hear this kind of incident. They are going to do the same mistake just as how this businessman turned gambler lost everything that he has built for 3 years.

It's painful but I guess that if that guy will be out of gambling completely, he'd be able to get back on his feet in no time.

[rodskee]

That is not  sad story  in which forme a stupid story instead ?

who is in his right mind that will let His all time earning to lose just like that? where in the world .

That's why I say, you have to be crazy, you have to have a deep psychological problem to do such a thing.

yeah , i still cannot imagine someone that spend almost half of their life making their wealth
but in just a glimpse of an eye they will let all those funds gone just because of gambling? this
is craziness and never to be followed , and hope that person will never recover anything that
he have lost in gambling because he does not deserve to be a wealthy person .

[FinePoine0]

That is not  sad story  in which forme a stupid story instead ?

who is in his right mind that will let His all time earning to lose just like that? where in the world .

That's why I say, you have to be crazy, you have to have a deep psychological problem to do such a thing.

yeah , i still cannot imagine someone that spend almost half of their life making their wealth
but in just a glimpse of an eye they will let all those funds gone just because of gambling? this
is craziness and never to be followed , and hope that person will never recover anything that
he have lost in gambling because he does not deserve to be a wealthy person .

In gambling there are usually profit losses, a gambler cannot gamble correctly when he starts gambling.  Because if he gambled correctly then every gambler could make a profit. So if a gambler gambles regularly and retires and takes a break from gambling then it is definitely possible to get some benefit from gambling, usually the rich have fun gambling. A person who earns money and indulges in gambling and suffers losses and loses all wealth can never prosper later, because people can earn in the beginning and in old age they cannot earn as they did in the past.

[Cryptmuster]

Yes you are right and no body wishes to be addicted some day but ones the habit of greed is installed in them, they will end up getting addicted to gamble. Gamble addiction is real yeah, it can also make a gambler to lose more money, it's important to know the kind of money/amount you can afford to risk instead of using the whole money you have to gamble and at the end of it all you lose everything.

In this story, it was of no small importance that the player allowed himself to play while drunk, in my understanding, dealing with finances while you are drunk should be taboo for any person. And here the person who managed to create such wealth, I don’t know if there is any point in blaming the casino, because this is a business, they make money when the player loses and they don’t care what condition you are in, as long as you are ready to give them your money. But if you have $127M, then allocate $1M to gambling and lose it if you want, but losing all the money is too much...

[maydna]

In gambling there are usually profit losses, a gambler cannot gamble correctly when he starts gambling.  Because if he gambled correctly then every gambler could make a profit. So if a gambler gambles regularly and retires and takes a break from gambling then it is definitely possible to get some benefit from gambling, usually the rich have fun gambling. A person who earns money and indulges in gambling and suffers losses and loses all wealth can never prosper later, because people can earn in the beginning and in old age they cannot earn as they did in the past.

When someone playing gambling, he must know that he can not gets profit or win many times. He must realizes that he can lose many times than win so he must not playing gambling too often or excessively. If he can win, he need to take a break for a while to reduces his emotion and happiness of his winning because if he can not stops for a while, he will want to keeps playing gambling to chases more winning. He can get lose after his winning and that feels sad when he see his win money is gone. When he lose, he will want to adds more money to recover his losses but that will be difficult. If he add more money and continue playing gambling, he can lose all of his money. That is why he must stops playing gambling immediately before everything is change and he can not gets his wins.

[Uhwuchukwu53]

Yes you are right and no body wishes to be addicted some day but ones the habit of greed is installed in them, they will end up getting addicted to gamble. Gamble addiction is real yeah, it can also make a gambler to lose more money, it's important to know the kind of money/amount you can afford to risk instead of using the whole money you have to gamble and at the end of it all you lose everything.

In this story, it was of no small importance that the player allowed himself to play while drunk, in my understanding, dealing with finances while you are drunk should be taboo for any person. And here the person who managed to create such wealth, I don’t know if there is any point in blaming the casino, because this is a business, they make money when the player loses and they don’t care what condition you are in, as long as you are ready to give them your money. But if you have $127M, then allocate $1M to gambling and lose it if you want, but losing all the money is too much...

Playing or gambling why tipsy is very dangerous as situation or such mood can drain a labour of years to zero, it's one of the wrong step , the best is to avoid any gambling a moment one realize he has drunk because at that point everything appears infinitesimal and one can 
Make uncorrectable mistake.

Even at right mood is hard to win casino game as the possibility of wining is very low compared to that if the casino wining , to play such game when one is not in right mood is like death sentence as the loss with be uncountable. From op I concur it's very possible that one can loose all he labour if he happened to play gambling games under the influence of alcohol or wrong mood as it's not even possible to win easily with right sense if operations.

[kotajikikox]

This can make someone crazy losing 127 million dollars  and the sad part is that this is His hard earned money and His whole life and maybe of His family also .
and 3 years? maybe he battle a long trying to chase his losses and sadly ending him losing everything.

[adpinbr]

Of course that’s true and this is one thing I always talk about people should be careful on how they treat gambling processes. Gambling is not something that you feel like it must go one day you should continue. Yes it’s really true that it’s most really gone one day, but take it easy let it be in the graduate process, you don’t have to come in a hurry to make money that you definitely lose more than what you have think of you just end up losing more and more so being careful is the best thing. I suggest gamble wisely and try not waste money. Don’t gamble when it is not necessary to gamble gamble in the right time

[Yamifoud]

Easy money never stays long in our hands, that is how I observed many stories in my country who win millions in lottery tickets but all of it has gone too fast not even last a year.

And I know why he ended up like that, an empty pocket because he never knows how to manage their funds in the right way. What is in his mind is to keep on gambling, have everything he wants, and enjoy life. Yes, it is just one day when all the money is gone will realize what he did and remorse.

Maybe if we also win that amount, we also end up like that. We can't really feel the feeling of winning millions after several years of gambling, you will certainly be saying I deserved these things.

[Peanutswar]

Imagine you are now close to having your stable life, and just because of your gambling addiction, you are suffering; it's hard to judge him, possibly because of his mindset that he can have a monthly salary and have their own business he has the backup plan of supply for his gambling activity and with that large amount seems he has a large bet every game, with the high-risk return gameplay which is possible a greedy gameplay too not all the time it works with the gambler. Even with that large money feels sorrow ideal if he make a cut loss with his gambling and not chasing too much.

[Rabata]

Gambling addiction Is fucking real and can cause more harm than good to anyone involved, this this has just mealted his finances in less than a year, this calls the need for education on gambling addiction and finding ways to help those thar are already too dip put if that financial pit hole that threatens to destroy them.

Yes you are right and no body wishes to be addicted some day but ones the habit of greed is installed in them, they will end up getting addicted to gamble. Gamble addiction is real yeah, it can also make a gambler to lose more money, it's important to know the kind of money/amount you can afford to risk instead of using the whole money you have to gamble and at the end of it all you lose everything.

No one wants to be addicted consciously but many gamblers are addicted. Recently I saw a friend of mine lose over 6 months of savings in betting within two days. He is so addicted that he considers gambling a part of his job. But unfortunately after losing that money he is behaving humanly unbalanced. When he shared his loss with me, I told him directly that he was addicted. But the interesting thing is that he does not admit that he is addicted. There are many gamblers who are addicted to gambling who do not even realize they are addicted. At some point they lose all their money due to addiction.

[Silberman]

No one wants to be addicted consciously but many gamblers are addicted. Recently I saw a friend of mine lose over 6 months of savings in betting within two days. He is so addicted that he considers gambling a part of his job. But unfortunately after losing that money he is behaving humanly unbalanced. When he shared his loss with me, I told him directly that he was addicted. But the interesting thing is that he does not admit that he is addicted. There are many gamblers who are addicted to gambling who do not even realize they are addicted. At some point they lose all their money due to addiction.

Most people do not want to admit they are addicted because that will mean that they have lost so much control over their lives they cannot deal with it anymore on their own, also this means accepting the responsibility of trying to get better, which is not easy at all, so denial is their answer, hoping that things will just improve somehow but as we know this will not happen, as they are just delaying the inevitable and they are just making their recovery harder with each passing day in which they do not admit to this.

[Fortify]

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/

There is something quite wrong with someone that could throw away these sums of money, they either have mental illness or they have been so cushioned by family wealth that they don't know what to do when if an inheritance made it's way to them. It is completely bizarre to have everything in the world available to you and throw it away in return for a bit of a buzz from a few spins on gaming. I don't even hold the casino responsible in this situation, someone of his level would have been well aware of the risks and what he was doing, but instead of accepting responsibility for his poor decisions he is now pretending to be a victim. A complete lack of self control and restraint led to the financial downfall here.