5 People Who Incurred Huge Gambling Losses

August 14, 2018

Every gambler expects to lose some money and there are moments when everything seems to take a wrong turn. However, it’s good to know that you are not the only person with bad casino experiences. Here is a list of some of the worst losers.

Steve Richards

This sociable roofer from Wales loves sports betting and watches his favorite teams including Cardiff City. In 2013, Steve tried accumulator betting and started with £10 only. He ended up with 12 wins worth £40,000 and decided to continue. Unfortunately, he placed a bet of £30,000 on a match between Australia and the Welsh team and lost the money. He expected to win £55,000, but the Welsh team lost the match (26-30). Nevertheless, Steve was still happy to have £9,000 from his previous winnings.

Mark Johnston

Mark is a Californian businessman who lost 500,000 dollars in one night. He lost the money because he failed to control his drinking while playing pai gow and blackjack in Las Vegas. Mark decided to sue the Downtown Grand for allowing him to gamble while drunk. According to him, the casino breached Nevada gaming laws.

Bruno Venturi

The unlucky owner of a pet shop in Naples visited Eurobet UK and deposited €20. He managed to win an incredible €707,000, but the win turned out to be invalid because the software failed to deduct the bets properly. The court ruled that Bruno had lost about £60,000!

Harry Kakavas

Harry was a renowned real estate tycoon in Australia who accumulated over $60M after being in the industry for over 25 years. However, things started to take a different turn when he started to develop problem gambling and lost a lot of money at Crown Casino. Between 2005 and 2006, Harry played baccarat and placed bets worth about $1.5B. Unfortunately, he ended up losing $30M even after suing the casino.

Terrance Watanabe

Terrance started to visit Las Vegas after inheriting a successful trading firm from his father. Regrettably, he lost a whopping $127M while gambling at Rio and Caesars Palace.

You definitely hate the idea of losing like these individuals. The best strategy is to place bets with tolerable losses and enjoy every moment.