Here are two of the biggest gambling losses ever.
The dream of any gambler is the big score. That one big victory that can help pay off that debt, finance that dream vacation, or help pay some accumulated bills. That’s the dream, but it is very rarely the reality. To make a big score you need to bet a big amount. The same is true for losing money while gambling. To lose big all at once, you need to have bet big all at once. Throughout gambling history, there have been many people who have lost their shirt, whether it be at a casino or playing poker online. There are also people who have lost millions of dollars, but it was barely noticeable since they had plenty more where that came from. Here are some of the biggest one-time gambling losses in history.
In 2016, a well-known Vegas personality named Vegas Dave put down $1 million on a mixed martial arts fight. His real name is Dave Oancea. He bet on Miesha Tate to retain the bantamweight crown against Amanda Nunes. Unfortunately for Dave, and for Tate, she was beaten just over 3 minutes into the match. Dave lost a million dollars in those 3 minutes, but he didn’t seem to mind. He was more worried about Tate being injured than the money he had lost.
Michael Jordan was a notorious gambler, and legend has it that he would sometimes put $100,000 on a single hole. In one famous round of gold, he ended up down over $1 million to his playing partner. He attempted to win it back during future rounds, but he was only able to cut it to $300,000. Fortunately for him, he had a lot of money to fall back on from his NBA career and his corporate sponsorships.
These sound like astronomical amounts, and they are. For the normal sports bettor, or those who play poker online, losing these amounts would be unimaginable. The fact is, the only way to lose these amounts is by having it that much in the first place. Vegas Dave and Michael Jordan could afford to lose that amount because they could afford to bet that amount. Make sure when you are gambling that you are only playing with what you can afford to lose. That way, you will never be at risk of bankrupting yourself. Play safe and have fun!