Gambling is all about risk and half of the battle is knowing your limits. Sometimes lady luck just isn't with you and no matter what you try, you can't seem to net a win. The problem is, not all punters know when to call it a day. Here are some of the worst losses in gambling, which are sure to make you feel a bit better about that £10 you just lost on a slot. Still, heed the lessons well!
A successful real estate tycoon, Australian Harry Kakavas is known to be something of a keen gambler, to put it lightly. Casinos must rub their hands in glee when he steps inside and here's why: during one stint at a casino in Melbourne, he managed to accrue losses of around $1.5 billion over 14 months. Baccarat was his game of choice during that particular run, which isn't surprising given its popularity with high stakes players.
Another real estate entrepreneur, Mark Johnston, once lost $500,000 at a Las Vegas casino in one evening. Johnstone claims the casino kept serving him even though he was so drunk couldn't see his cards. This is illegal in Nevada, as casinos aren't allowed to let drunk customers bet. Of course, it could be argued that it's in the interest of any casino to let punters drink on, but Johnston's claim is also a convenient way of trying to get out paying off his rather impressive loss.
The son of a wealthy business mogul, Terrance Watanabe inherited the Oriental Trading Company from his father. The now CEO is also something of a gambler and over the course of a year managed to lose a total of $127 million at a Las Vegas casino. He was reported to have lost $5 million in a single day's gaming. The good news is that after trying to avoid paying some of his debt and having to settle out of court, Watanabe admitted he had a gambling problem and got the appropriate help.
Unknown Gambler One
A tale from an employee of an anonymous casino, this particular caper concerns a Malaysian business man and his baccarat habit. He was such a high roller that he was renting a penthouse suite directly connected to a private gaming room. Playing in his pyjamas, it's reported he lost just over $1 million in the space of three games. It didn't stop there though – he apparently ended the day with a $9 million loss and proceeded to top that the next day with a loss of $10 million.
Unknown Gambler Two
This is one of those stories that could have ended in tragedy but luckily didn't. According to another anonymous source, a man going through a divorce went out gambling and lost around $10,000 over the course of the night. This was apparently too much given his current situation and, in his rage, stormed out of the casino and drove his car into the side of the building. Although he was unhurt, the accident caused a power outage. He was then sued by the casino for causing damage to the property, making an already bad night even worse.