Greatest Gambling Losers - page 10. | Bitcointalksearch.org

Timelord2067

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Quote from: pixie85 on September 06, 2020, 04:44:35 PM

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There's occasional stories of high rollers taking Casinos to court - when you look closer at the details the argument usually boils down to a lack of control by the gambler which is usually coupled with having obtained the funds to gamble fraudulently in the first place. I haven't heard this particular one, but it's not a new defense.

Debonaire217

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Quote from: pixie85 on September 06, 2020, 04:44:35 PM

The case of Terrance Watanabe is very interesting. He used to gamble all the time and act like an asshole to the casino staff, but they kept being polite to him and allowing him to do all he wanted as long as he paid for it. When he lost all his money he sued them for not stopping him and allowing him to gamble on credit.

I know they took advantage of his addiction but he acted like a child who can't accept the reality. He played around with the big boys, got hurt and went to tell mommy on them.

That could be the best house edge ever possible, it isn't about the technical aspect on how the casino was designed, but how they socially engineered their employees to attract customers. Terrance Watanabe didn't noticed it that he was taken advantage already by the staffs, but I think there's nothing really wrong in here. Even not in casinos, staffs should behave like this to maintain the reputation of the business.

Maybe it was quite fair for him to be listed to the greatest gambling losers.

pixie85

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The case of Terrance Watanabe is very interesting. He used to gamble all the time and act like an asshole to the casino staff, but they kept being polite to him and allowing him to do all he wanted as long as he paid for it. When he lost all his money he sued them for not stopping him and allowing him to gamble on credit.

I know they took advantage of his addiction but he acted like a child who can't accept the reality. He played around with the big boys, got hurt and went to tell mommy on them.

DarkDays

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Quote from: iv4n on September 04, 2020, 05:07:10 AM

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!
These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc… when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

The morale of this topic is to not risk more capital than you have. Don't get into debt just to go big on a bet which you can never be certain you'll win.

And this is also common sense among non-addicted gamblers, or at least that's what the consensus is.

Some of the original points in this thread about not going big when entering new territories can also be classified as a mistake some people make when they're confident that with their skills, but let's be honest, not all casinos play by the same rules so the strategies should be adjusted accordingly.

One fun, rule book for gamblers which is fun to read can be found here where some of these common mistakes previously outlines by others are also touched on.

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Quote from: iv4n on September 04, 2020, 05:07:10 AM

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!
These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc… when things simply don't work in your favor.
I am far from these guys, like most of us, but it's nice to see that side of the gambling story, the same it's nice to see big wins!

Unfortunately there are people like that that use the money of someone else to gamble and in my opinion this is a clear sign that such a person has a gambling problem, after all it is bad enough that you lose all of your money to the casino but when you lose money that doesn't even belong to you then that is a clear indication that there is a big problem, and the worst part of all of this is that most likely the person that gave to the gambler that money is probably never going to trust that person again and will destroy the relationship aggravating the problem of the addicted gambler even further.

BITCOIN4X

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Quote from: In the silence on September 06, 2020, 04:06:20 AM

Many are actually addicted to gambling that causes their lives to be ruined. Remember that even if we win in gambling it will also be lost especially if we do not have self-discipline. So if we win big, it is better to stop gambling and force ourselves to change for the
people who love us because they will also be affected in case we have a big debt due to our gambling addiction.

You will be laughed at by them if you deliberately rebuke him and say "stop because you will be poor with him." Dont gamble if you are afraid of addiction and dont promote gambling sites if you just want to get them to quit. LOL
All gambler know that gambling will be addictive and will have economic problem in the end. But whatever they think it is difficult to control their desire to gamble when they are so addicted. Some people may be able to spend 120% of what they earn each month on gambling and these are some of the mistake in gambling.

Being too eager to continue to win or make up for losses are some of the things that cause even greater losses. Gambling must have control and you should not bet over your limit if it is difficult to control it. Make this activity a mean to relieve stress and enjoy it.

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Quote from: Google+ on September 05, 2020, 06:49:49 PM

Quote from: KTChampions on September 05, 2020, 05:16:38 PM

Maybe I'm wrong, but it seems to me that in most cases of these gigantic losses, those who did it could afford it. I think after these losses the level of their consumption has not changed. Another thing is when an ordinary worker loses a thousand dollars. I think this is very sensitive for him.

that is what is called risk when gambling so you can lose a very large asset, the money you use can run out immediately, but gambling can give you a lot of profit because when your guesses can be correct and accurate then you can become rich instantly.

You are probably confusing investments and gambling. In gambling, no calculation will change the mathematics of a game that initially (and always) works against the player. Maybe in poker or betting there are some options for masters to surpass the rest, but in gambling there are no such options even theoretically.

Ayiranorea

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The list hasn't got the big winners out of gambling. If I'm not wrong every gambler who have got listed on the top as winners would've lost big through gambling. Maybe a very few could've been lucky to win big without experiencing big losses. Gambling is all about luck and the mind to take risk. Gambling isn't for the common man, it is for the people with fund and doesn't know what to do with it.

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Quote from: In the silence on September 06, 2020, 04:06:20 AM

Many are actually addicted to gambling that causes their lives to be ruined. Remember that even if we win in gambling it will also be lost especially if we do not have self-discipline. So if we win big, it is better to stop gambling and force ourselves to change for the
people who love us because they will also be affected in case we have a big debt due to our gambling addiction.

Reading all the comments and post indicates that gambling can not rekt but ruin a gambler's life it so sad that a lot of them committed suicide because of lack of self discipline as you rightly said, I don't know why a gambler would gamble with such an outrageous huge sum of money without considering the consequences of losing, a lot of them are homeless and penniless while some had resorted to begging to survive, its high government should regulate the amount money spent on gambling to checkmate these excesses squandering of money in bid to become rich overnight.

In the silence

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Many are actually addicted to gambling that causes their lives to be ruined. Remember that even if we win in gambling it will also be lost especially if we do not have self-discipline. So if we win big, it is better to stop gambling and force ourselves to change for the
people who love us because they will also be affected in case we have a big debt due to our gambling addiction.

Ridwan Fauzi

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Quote from: iamsheikhadil on September 06, 2020, 01:20:01 AM

In gambling industry, only few make it to be hugely profitable and rest all just loses all of their money or a significant amount and only because of this huge greed which is found naturally in all human beings. After all, we all want more and more money and hence it's very hard to stop after a winning streak even when we have made a lot more than our initial goal when we started the session.

The greedy thing has blinded a lot of someone who just addicted into gambling. I just think, if they have a good sense they won't make more deposit to keep playing gambling after they have lost a lot of money. It would be different, if they lose money and they leave it abd come again when they have money that can afford to lose also when they get winning they didn't bet all the money to gamble again in the future. I'm not weird if there is someone who just lose a million money because has addition to play gambling because he deserves to feel it.

iamsheikhadil

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In gambling industry, only few make it to be hugely profitable and rest all just loses all of their money or a significant amount and only because of this huge greed which is found naturally in all human beings. After all, we all want more and more money and hence it's very hard to stop after a winning streak even when we have made a lot more than our initial goal when we started the session.

samputin

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Quote from: Debonaire217 on August 24, 2020, 10:21:07 PM

<...>

1. Terrance Watanabe - Lost $127 million

Quote

Terry Watanabe said he bet more than $825 million, losing $127 million in Caesars Palace and The Rio casinos in 2007.

He was said to lose for about $5 million a day playing 24 hourse in casinos and with this, he was burried to dept. IMO, it impacts his health allot with the lifestyle he lived, that he got a cancer. As a gambler, we should take good care of ourselves and spend a most of our time than gambling. Money isn't always the solution for happiness, perhaps, bonding with our family is better and building memories with them are the treasure that we can keep forever.

Gosh! That's such a huge amount. Imagine losing $5 million for a day. It's so depressing. Just by thinking about it makes me regret such action. What more if I experienced it first hand? That could possibly be the cause of his sickness. If he just thought about his actions first and used his money in more important things like bonding with his family, or better yet, for his health, then he wouldn't experience much burden.

All of these people should serve as lessons for gamblers out there. Gambling is always risky. So they must be very cautious when playing and just bet the amount they can afford to lose.

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Quote from: Twentyonepaylots on September 04, 2020, 04:19:37 PM

Quote from: peter0425 on September 04, 2020, 06:52:40 AM

Quote from: iv4n on September 04, 2020, 05:07:10 AM

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

How could you spend in gambling a money that came from loans?that is a total BS thing.No one in right mind will do that unless addicted gambler.

The reality is addicted gambler does not know what they are doing with themselves, one day you'll find them in their room doing nothing, the other day they already loaned a huge amount of money to gamble. I guess this is time for the loan agencies to get rid of their addict clients.

Why would the Loan agencies do that when this is what they want to happen,Addicted gamblers will knock on their doors and ask for Money to gamble,in this surely the collateral will bring them good business soon.

Quote from: Twentyonepaylots on September 04, 2020, 04:19:37 PM

Quote

These guys are losing millions, but I am somehow sure they have the money for that. High rollers have awesome wins, how not with high stakes gambling, but they as all other gamblers have their bad days, losing streaks, etc…

Obviously depends on the game that they are playing at, fortune cannot be yours all the time, just like the cards it can be shuffled.

People like them usually don't change games,they will seat and lose in same game as only chance gamblers are looking for multiple games just to find where their luck reside.

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Quote from: Google+ on September 05, 2020, 06:49:49 PM

that is what is called risk when gambling so you can lose a very large asset, the money you use can run out immediately, but gambling can give you a lot of profit because when your guesses can be correct and accurate then you can become rich instantly.

But we know that not many gamblers can win much money, and the rest will lose. Many gamblers lose much money because they also lose control of gambling, but some gamblers still try to play more because they expect to make a win in the next round. And if we read on that list, they lose so much money which we can't imagine what will happen to us if we lose that much money. Controlling ourselves will be the important thing to avoid big losses. But yes, if we can win many times in gambling games, we can win a lot of money.

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Quote from: KTChampions on September 05, 2020, 05:16:38 PM

Quote from: glowing10 on September 05, 2020, 04:58:33 AM

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

Maybe I'm wrong, but it seems to me that in most cases of these gigantic losses, those who did it could afford it. I think after these losses the level of their consumption has not changed. Another thing is when an ordinary worker loses a thousand dollars. I think this is very sensitive for him.

that is what is called risk when gambling so you can lose a very large asset, the money you use can run out immediately, but gambling can give you a lot of profit because when your guesses can be correct and accurate then you can become rich instantly.

KTChampions

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Quote from: glowing10 on September 05, 2020, 04:58:33 AM

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

Maybe I'm wrong, but it seems to me that in most cases of these gigantic losses, those who did it could afford it. I think after these losses the level of their consumption has not changed. Another thing is when an ordinary worker loses a thousand dollars. I think this is very sensitive for him.

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Quote from: glowing10 on September 05, 2020, 04:58:33 AM

Quote from: kamadazje on September 04, 2020, 01:06:35 PM

In gambling there is always a losers and winners but this amount of losses is somewhat very huge. Though I can say that this individuals have plenty of money in their pocket as
they were able to gamble this huge amount of money.

And for those gamblers who died because of their loses, I think it is too much for a gamblers therefore it is very wise to stop if you know that you cannot take your losses anymore. I am a gambler and I am hoping that I will not end up losing too much where I will endanger any of my properties or even myself.

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

It is true that if we have suffered losses when playing gambling and cannot bear more losses, steps that must be taken is to stop
playing gambling. but this does not apply to people who are addicted like the person mentioned in the opening post. Not only did
this cost them a lot of money, but the worst it could be harm themselves.

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Quote from: mindrust on September 04, 2020, 02:13:42 PM

Quote from: iv4n on September 04, 2020, 05:07:10 AM

Everything is fine as long as you are losing your own money! When you lose money you loaned you are getting yourself into huge problems!

I don't agree. Losing your own money is as problematic as losing somebody else's money. Maybe even less problematic.

If you lose your own money it is you who got f'ed. If you lose somebody else's money, it is him that's got f'ed. (till he decides to f you up too Wink

I have a few more answers on my comment, but yours is the most interesting one I must admit! I believe you are just sarcastic here, because gambling with borrowed/loaned money is the last stage of gambling addiction, in that point you don't care about anything else except how to get some cash for few rolls.

Quote from: Twentyonepaylots on September 04, 2020, 04:19:37 PM

The reality is addicted gambler does not know what they are doing with themselves, one day you'll find them in their room doing nothing, the other day they already loaned a huge amount of money to gamble. I guess this is time for the loan agencies to get rid of their addict clients.

You gave an answer to @peter0425! Do we even know how many loan agencies there are? With loan sharks, pawnshops, and all others who are ready to lend money to some unlucky guy... too many to count!

And to not argue, I didn't mean anything wrong. I just pointed out something that should be clear to all the people! It's ok to spend money on gambling, but money you would spend on some fun anyway! When you risk your salary, food for family, bills...when you risk the money you borrowed...you have a problem... seek help and deal with that, or that will take you down, deep down! You probably can't imagine how down you can go with that!

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Quote from: kamadazje on September 04, 2020, 01:06:35 PM

In gambling there is always a losers and winners but this amount of losses is somewhat very huge. Though I can say that this individuals have plenty of money in their pocket as
they were able to gamble this huge amount of money.

And for those gamblers who died because of their loses, I think it is too much for a gamblers therefore it is very wise to stop if you know that you cannot take your losses anymore. I am a gambler and I am hoping that I will not end up losing too much where I will endanger any of my properties or even myself.

When someone know if you are losing after certain amount which you cannot bare more losses then you should be stopping it. This is what happens when you play either to recover your lost money or its addiction which does not allow you to stop and finally if we see those numbers it’s something that cannot even think about it.

Topic: Greatest Gambling Losers - page 10. (Read 2828 times)