Biggest Gambling Losers

L

lambroger

Member
We all know the house always wins, but some people take losing to a whole new level. Terrance Watanabe—a guy who bet more than $825 million and was responsible for 5.6% of Vegas's gambling revenue. He would gamble for days non-stop, sometimes losing over $5 million a day. When he finally stopped, he had nothing left—not even enough to pay for his cancer treatment.
What’s the worst gambling loss you’ve ever seen (or had yourself)?
 
Watanabe’s story is insane, but you’d be shocked how many high rollers go down the same road. I once saw a guy lose $500K in one night playing baccarat. Didn’t flinch. Next week? Back again. Some of these guys don’t stop until they have nothing
 
klevy said:
Watanabe’s story is insane, but you’d be shocked how many high rollers go down the same road. I once saw a guy lose $500K in one night playing baccarat. Didn’t flinch. Next week? Back again. Some of these guys don’t stop until they have nothing
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Yeah, but $825 million?? That’s not just losing big—that’s single-handedly funding a casino. Dude practically was Caesars’ business plan!
 
the worst I’ve seen was a family friend who lost his house from sports betting. Started small, kept chasing losses, took out loans he couldn’t pay back. Wife left, kids cut him off. Gambling destroys more than just bank accounts
 
greensteven said:
the worst I’ve seen was a family friend who lost his house from sports betting. Started small, kept chasing losses, took out loans he couldn’t pay back. Wife left, kids cut him off. Gambling destroys more than just bank accounts
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Yeah… been there. Lost $90K in a year, maxed out my cards, nearly ruined my life. Took GA meetings and freezing my accounts to stop. The worst part? The urge never fully goes away
 
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