It's understandable to see huge losses for gamblers who are rich enough to afford those losses, but what I really don't get is why others will still keep gambling even when they can't even afford to pay debts just like in number 9,3,1.
For me, it's okay to have big greed and desire in gambling as long as you can afford it, that it won't harm you in any case. Excessive gambling will result in addiction and can put us in a bad situation.
Topic: Greatest Gambling Losers - page 17. (Read 2808 times)
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Also, are they still into gambling or they have left it and what do they do now? Would be nice to know their current positions as well like how they lead their life’s after those losses.
Maybe those people who are still capable of gambling like Michael Jordan, and Kerry Pecker. But I'm pretty they are not going anywhere near this field anymore, considering the mess they had with it. Besides, those numbers ain't just a typical loss, to begin with. And it is not something that could be recover easily Also, are they still into gambling or they have left it and what do they do now? Would be nice to know their current positions as well like how they lead their life’s after those losses.
. How's their life? Not sure 'bout those who are still alive though, maybe some were still leadin' a good life like Jordan despite their issue but certainly, majority on the list hits rock bottom. I tried to search about Watanabe's life now, and according to this, he's suffering from health issues and now seeking for some financial help for his medical fees (that he could pay without any trouble at all, before). Fortunately, he received some various help.
Just wondering how they earn money? I mean are they lose their money from they got win in the gambling as well? Or they just spend money from they earn in their job?
I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.
I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.
You cannot earn millions of dollars from your job.These people either got the money by gambling,cheating or borrowed the money.The guy that got cancer Watanabe is a clear example of how bad gambling can be for your health if you are not prepared for the consequences and only take into account that only good things will happen to you.
To my opinion big loss is usually a consequence of big greed and lack of self control.
most of them are millionaires because they cant loose millions if they are poor . what they loose is only the money that they can afford (to loose) so dont call them that .Quote
Maybe if you don't play big you can't win big
you can . saw a post before that shows winners that win huge but only bet small or start with small capital but this can be slow or harder to achieve . thats why gambler risking big bets to win big easily .
Just wondering how they earn money? I mean are they lose their money from they got win in the gambling as well? Or they just spend money from they earn in their job?
I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.
I don't know what will I do if I lose huge money in gambling. Maybe I'll just fine if I lose the money because I always win my gambling before and I collected it. But, if I lose the money from my real job then I'll be insane at the end.
To my opinion big loss is usually a consequence of big greed and lack of self control. Everyone of us needs to know when to stop and where are our limits. Maybe if you don't play big you can't win big but on the other hand losses are defined individualy so everyone needs to know how big loss he can take and what limits not to cross the would otherwise lead him to addiction.
I was actually curious about how much a person could lose money in gambling. I think those people who have gambled and they are in the list, they could afford it. Imagine someone gambling their life savings and hoping for that big win and then losing it. It's not the best idea to have that dream of financial freedom.
I was intrigued with Akio Kashiwagi due to his story. Researched him and found out that he is a "whale" in the casino scene. It's an interesting story with Trump in the gambling scene. It's a great read.
The Whale That Nearly Drowned The Donald
P.S. If you want a better understand and pictures of the people included in the list, open the reference link from OP. You could read the whole article for more information about them.
I was intrigued with Akio Kashiwagi due to his story. Researched him and found out that he is a "whale" in the casino scene. It's an interesting story with Trump in the gambling scene. It's a great read.
The Whale That Nearly Drowned The Donald
P.S. If you want a better understand and pictures of the people included in the list, open the reference link from OP. You could read the whole article for more information about them.
These are classic examples of gambling addiction and sheer greed. Sorry, can't portray such losses in a better way! It takes a lifetime to earn a million dollar but it takes a second's decision to loose them all!
But these people are exceptions in the gambling community and I am sure majority of the gamblers know where to stop!
People who have known their limits and has stopped at the right time has got listed as the exceptions. From the list it is clear that, very few were able to make themselves better out of gambling while majority has buried themselves into debts. But these people are exceptions in the gambling community and I am sure majority of the gamblers know where to stop!
So far, the most tragic loss in all of the OP was number 9, Akio Kashiwagi look at that poor guy who has been buried with debt and indeed tragic with too much stabbed on his earthly body.
Crypto sites have more reliable stats IMO. Bustabit has its top losing account listed as having lost a total of more than 1200 BTC for example. And all bet results are stored and publicly displayed too.
Could be a good topic too for those who are those gamblers who lost too much BTCs from online gambling. Haven't stumble upon a thread in these board though.
Greatest gambling wins vs losses, there is something we need to learn from this mostly from the losers stories because this helps us to realize how fast we can lose our money while gambling and I am sure there are lot more untold losers stories are available because people doesn't really expose their losses but with this we need to learn bet with the money which is affordable for you or else you will be in huge debts and the entire life is not enough to pay those debts.
These are classic examples of gambling addiction and sheer greed. Sorry, can't portray such losses in a better way! It takes a lifetime to earn a million dollar but it takes a second's decision to loose them all!
But these people are exceptions in the gambling community and I am sure majority of the gamblers know where to stop!
But these people are exceptions in the gambling community and I am sure majority of the gamblers know where to stop!
A gambler losing million are also millionaire, so I guess they can afford to lose that amount.
Michael Jordan in the number 6 on the list only lose 2.5 million usd, I think this man is a billionaire so he can afford to lose that amount.
Also, we are just talking of loses only, these gamblers are surely winning also in their lives as a gambler, so it's not really a big deal, unless they lose money that ruin their lives because they are irresponsible.
Michael Jordan in the number 6 on the list only lose 2.5 million usd, I think this man is a billionaire so he can afford to lose that amount.
Also, we are just talking of loses only, these gamblers are surely winning also in their lives as a gambler, so it's not really a big deal, unless they lose money that ruin their lives because they are irresponsible.
Cases in the OP certainly make good stories, but are nevertheless hard to verify. Perhaps the volume of losses has been greatly exaggerated in some of these for whatever reason, and we'll never know.
Crypto sites have more reliable stats IMO. Bustabit has its top losing account listed as having lost a total of more than 1200 BTC for example. And all bet results are stored and publicly displayed too.
Crypto sites have more reliable stats IMO. Bustabit has its top losing account listed as having lost a total of more than 1200 BTC for example. And all bet results are stored and publicly displayed too.
That list is only a small portion of the losing gamblers, and I believe that there are many more losing gamblers, but they don't get publicized. Somehow, I prefer to hide how much money I already lose in gambling because it is not good for me. Besides that, by losing that much money, that means I can't control myself better and makes me lose too much money. I never wonder what happens with someone if he bets a huge amount of funds because I think that will be the responsibility of every gambler.
so refreshing to see losers in gambling because often posted here are usually winners . if there are big winners there were also big loosers but it would be more suck to win millions and then loose millions or more than that . one on the list said turned 50 usd to a million dollar ? dang thats legendary but it turns out that he is only cheating . know we know why , but its still possible to turn small cash to huge playing gambling in a fair way but the chance is small and the winnings are not exaggerated .
Talking about loss in crypt gambling. The most I've seen from any ID is PredictableLegacy from bustabit.
He have deleted his ID but the leaderboard of that site put's his final balance to 1278 btc in loss. That makes about 14.8 million on current bitcoin price.
It's about 1 ID on 1 site. Could have multiple IDs and could have played on multiple sites. We don't know his name so could be any of those or any of us.
He have deleted his ID but the leaderboard of that site put's his final balance to 1278 btc in loss. That makes about 14.8 million on current bitcoin price.
It's about 1 ID on 1 site. Could have multiple IDs and could have played on multiple sites. We don't know his name so could be any of those or any of us.
4. John Daly - Lost $55 million
OMG, $5,000 slots machines!? Yet I only play with $0.1 - $2.0 range Quote
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.Okay he won $35,000,000 or 7,000x but after doing 18,000 spins ($90,000,000) lmao!
He should have chosen low volatility one
Those are unlucky people in gambling, they lose that big amount of money which could already change the life of an ordinary gambler. Actually as a gambler it does not interest me at all, what interest me is to see people winning in gambling as that inspires us to gamble more and never give up, seeing this might make us realize that we have no chance to win and just stop as soon as possible to minimize loses.
8. Gus Hansen - Lost $21.7 million
Quote
He has accrued $21.7 million in online poker losses at Full Tilt.
We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.Poor Gus Hansen, he is an awesome gambler, not only a poker pro but also in an oustanding Backgammon player. Unfortunately he played to loose and didn't have a proper strategy for playing high stakes cash games online. He was is a great tournament player and an awesome showman, that is why he we could see him playing so much online. Just remember the time when he went all in every round and crushed all the other pros. As a disciplined poker professional you should never do that, but still it's just awesome to watch such a match. Definitely one of my favourite players.
Interesting list - I've heard of a couple of them (especially Kerry Packer who won and lost, then won again) It'd be interesting to hear about some of the "big" losses incurred by people who'd committed fraud either from their employer, or loved ones to get the funds to gamble other people's livelihoods away.
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