Gambling games are games of chance, or games, whose outcome does not depend on the player’s skills. This hobby causes addiction, and people hooked lose all their savings, going into debts.
All of us tested luck at some point in our lives. Whether it’s sports games, competitions or betting for fun. Good for us that our losses are insignificant, and are not publicized around the world. But what about those who have lost a fortune? Millions are talking about them. We are left to wonder what it’s like to lose such eye-watering amounts because of such a dangerous hobby.
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5. Rugby fan lost $30,000 betting on his favorite team
56-year-old roofing contractor Steve Richards was passionate with betting and waited for it every weekend. For many years, he gambled at low stakes. Once he had luck on his side, and won 39,000 $in 12 games in a row.
For Steve it was not enough, and he bet $30,000 on a rugby match between Wales and Australia. If his team (Wales) had won, he would have left with $59,000 in his pocket. Unfortunately, it wasn’t his day.
When asked what he would have done if he’d known about defeat, Steve just laughs saying that he could not have betted against his well-loved team. He also says he is not planning to stop betting on sports.
4. Mark Johnston and catastrophic night at the Las Vegas Casino
Casinos have no windows and clock. This is done to make players lose the track of time and touch with reality, and not distract them from betting and a great desire to snatch the tasty morsel in the form of a huge amount of money.
Mark Johnston, a 55-year-old businessman, decided to relax in one of Las Vegas casinos on his well-deserved day off. This idea turned ugly for him. He lost $550,000, playing table games.
Mark Johnston states that the casino served drink to make him carry on playing. At that moment, he was unconscious of his actions. In fact, he hardly could read the cards.
Casino representatives believe that Mark Johnston, who earned his fortune by investing, is trying to find a vulnerable spot in the system in order not to pay the casino a huge amount of money that he squandered away in 7 hours.
3. Bruno Venturi boosted his capital from $17to $700.000 in 3 hours
Bruno Venturi is a 43-year-old consultant in IT company from Naples, in Italy. One evening, he landed upon the casino website and decided to try his hand in gambling. He deposited into his balance $17. After several hours, he turned his account into $650.000. He did not continue to play, realizing how lucky he was.
Unfortunately, when he tried to withdraw his money, it hasn’t worked. The company argued that his winnings were null and void because of the bug system.
The man went to court. The judge was on the side of the gambling company and the casino did not have to pay Bruno his winnings.
2. Terrance Watanabe lost $129.000.000 in a year
Terrance inherited a multi-million dollar fortune from his father.
He attracted attention of paparazzi due to his passion for gambling. In late 2007, he lost $129 million playing in a Las Vegas casino.
According to the casino employees, Terrance could play for several days in a row, blowing millions of dollars. He also had carte blanche. Terrance refused to pay the casino $14.7 million, which it loaned to him, claiming that the casino did everything to pump money out of his wallet.
In April 2009, Terrance was charged with felony theft. Casino and Terrance Watanabe settled their disputes before the verdict was delivered. The man admitted himself gambling addict. He has received a specialist consultation, and now is taking rehabilitation treatment.
1. Harry Kakavas lost $1.5 billion in 14 months
Harry Kakavas made a fortune selling houses around the world. It is the highest of high-rollers. Just in few hours, he lost $167 million, betting $500,000 a hand.
Harry’s lawyers say that the he is addicted, and needs help, while all casinos took advantage from it. Like many others, who lost millions on bets, he struggled to manage his debts, camping out on the courts’ doorstep. Harry tried to recover his losses after losing $20.7 million in a casino, but the court rejected his claim.
Harry had to borrow money from friends and banks to pay off his debts.
The material was written based on the info from https://www.therichest.com/
