Many believes that winning always favor the houses, but there's still many who believes that in a certain point and chance, they could take the win. There's nothing wrong with that, what is wrong is when we have a losing streak but still continues to play anyway.
Have you ever wonder what happens if someone bets a huge amound of fund, the same way as those who betted all in in a casino game then loses? This topic could help us understand why we should be disciplined enough, and why we should learn how to stop at certain point in gambling.
I've read this artcile
What Happens to the Biggest Gambling Losers? stating some instances of biggest gambling losers.
10. Chun Lei "Samrostan" Zhu - Lost $15 million
lost about $15 million while he learned the ropes playing high stakes poker online.
There's nothing wrong about learning new a game or strategy, but be cautious and try to bet gradually.
9. Akio Kashiwagi - Lost $19 million
in 1992, he was found brutally murdered in his home near Mount Fuji, stabbed over 150 times.
Spending too much in a casino especially putting yourself into a huge debt from a variety of casino could risk even your life. Learn to bet an amount that you can afford to lose from your own pocket and do not risk funds that you aren't sure if you have the capacity to pay.
8. Gus Hansen - Lost $21.7 million
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.
7. Kerry Packer - Lost $30 million
he would place enormous wagers on the roulette wheels of London’s Crockford’s casino, only to lose on all of them.
Despite of his huge loss in gambling sprees, Kerry Packer is known to still have huge assets and $30 million is just a small amount for him. This is the ideal gambler for me, since he know that he could still live in peace even if he lose a huge amount.
6. Michael Jordan - Lost $? million
he lost $2.5 million in six hours of playing blackjack. It is also rumored that his first retirement was actually a secret suspension from the NBA.
Knowing that we have a very popular image, becoming a gambler could impact how the way people see us in public. Perhaps, being a politician or a person who handles financial insitition could induce doubts for people to believe on us even if we really don't have an intention to gamble even a part of funds that doesn't belongs to us.
5. Archie Karas - Lost $40 million
In 2015, he was caught cheating at a San Diego-area casino, marking cards. He was also caught cheating by fixing chips
He was believed to turned $50 dollars into $40 million by playing poker. With years of playing, he lost it all and found out that he was cheating in casinos. There's nothing wrong with losing because there's always a time to stand up again and play. But there's no hope if we got banned from casinos through cheating.
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?
3. Omar Siddiqui - Lost $121 million
Even as he earned $225,000 a year, he once lost $8 million in a day.
He played at the Venetian and MGM Grand while having a multi-million dollar debts from other casinos at the same time. It was also said that he used $65 million from his company in gambling. If we could think of a way to pay out debts, gambling is not the best idea, as it could put us down to deeper debt if we didn't succeed.
2. Zhenli Ye Gon - Lost $125 million
Between 2004 and 2007, Zhenli gambled away over $125 million – in cash. He was among the largest up-front cash-only players at the Venetian and in Las Vegas in general.
After losing $125 million in gambling, in 2007, Zhenli's home in mexico was raided and authorities found out a huge amount of drug money. It's a big learning for us to always use a clean money in gambling. That's why sometimes, casinos have bad images, since movies are showing big gamblers who gets their money from illegal activities.
1. Terrance Watanabe - Lost $127 million
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.
