Biggest Gambling Losses Ever вђ Robert Maxwell And More 8. robert maxwell – $1.5m in roulette. one of the biggest losses at the casino happened to robert maxwell. born in czechoslovakia in 1923 as ján ludvík hyman binyamin hoch, ian robert maxwell was a decorated british officer, a media mogul, and even a member of parliament. Archie karas is a name synonymous with one of the most astonishing tales of fortune in gambling history. karas became known for “the run” where he transformed a small bankroll of $50 into over $40 million. through relentless high stakes gambling between 1992 and 1995. karas’s name became a legend within a very short span.
10 Biggest Gambling Losses Of All Time They have lost it all, and more. today we present to you the gamblers who went from riches to rags, or at least lost a substantial chunk of their fortune gambling. 1. terrance watanabe. source: taringa . total amount gambled: $825 million. incurred losses: $127 million. 12. michael jordan loss $1.2 million. michael jordan is a legendary gambler with an estimated net worth of $1.6 b despite his rumored losses over the decades. while most of his horror stories involve craps and casino tables. apparently, one of mj's biggest on paper losses involved a truly silly golfing prop bet. As sad as it is, he also boasts online gambling addiction stories. using this amount, he had one of the longest and largest winning streaks ever recorded, raking in more than $40 million. eventually, his luck would run out as he lost all of the money in 3 weeks due to gambling losses. #5. robert maxwell – $1.5m. Unfortunately, sometimes, this leads to the biggest gambling losses ever. keep on reading to learn about the most money lost gambling by some of the wealthiest people around the world, with incredible amounts that are thousands if not millions of times larger than what the average person gambles. 5. jim mcingvale: more than $15 million.
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