The casino is always a roller coaster. People come here for the adrenaline and to try to win a big prize. But it often happens that there are not only large prizes but also large losses.
What are the greatest losses and wins in casinos?
With the development of digital casinos, including bitcoin online casino platforms, everyone started playing at home. And some winnings we may simply not know about.
But today we will go over the major losses and gains that we know about in the history of casinos.
Biggest Casino Wins
Let’s start with something good – with wins!
Archie Karas – 50$ to 40 million
Let’s start with one of the most famous gamblers of all time. His story of how he turned 50 dollars into 40 million dollars has become a legend.
American Archie Karas won a huge amount of money during the legendary series in Las Vegas in the 1990s. The series lasted for about 6 months and he won almost every bet.
Unfortunately, after this series, he lost all the money within a week.
Largest Slot Machine Payout
Another story that is in the Guinness Book of History is the $39.7 million jackpot. And that’s all on a slot machine.
The story happened in 2003 with a 25-year-old software engineer from Los Angeles. He won this prize at Excalibur Casino in Las Vegas on a regular Megabucks slot machine.
This is the biggest win on slot machines to this day.
Kerry Packer
Kerry Packer is a famous Australian billionaire.
In 1995, he walked into the MGM Grand in Las Vegas and over the next few hours won 20 million dollars at blackjack.
He had his own strategy of “aggressive” play. He believed it was his strategy that helped him achieve success.
And of course a little bit of luck.
Major Casino Losses
Terrance Watanabe
Terrence Watanabe is the man who holds the record for the biggest casino loss. He lost as much as 127 million dollars.
This happened in 2007 at Caesars Palace and The Rio in Las Vegas.
As the story goes, he drank quite a bit of alcohol and couldn’t stop in time. So he went down and lost a record amount of money.
A cautionary tale!
Harry Kakavas
Another interesting story about a great loss. Harry Kakavas lost approximately $1.5 billion over 14 months.
It happened at the Crown Casino in Melbourne.
He bet big, sometimes exceeding $300,000. After the story, he tried to sue the casino. The reason was that, in his opinion, they were taking advantage of his gambling addiction.
He lost the case in court.
Charles Barkley
If you follow basketball and the NBA in particular, you know who Charles Barkley is.
But he managed to become famous not only for his great play, but also for his gambling addiction.
In all the years of his professional career in basketball, he lost more than 30 million dollars.
It was only after it was over that he recognized his addiction and began treatment.
