guy loses 127M in Vegas

[NSXGMS]

Obviously this guy has a severe addiction, maybe several. He's certainly no fool but the only one responsible for this sorry state of affairs is him.

If there's any fool in this story it's the casino that extended him 14 million in credit. I'm not sure how this works but the way I see it either he amassed 14 million in credit over time or the casino extended it towards the end.

If they extended it over time wouldn't the casino require him to square up every so often before he could continue to gamble? And if they gave it to him at the end they are just idiots. So he drops 127 million of his own money and then asks the casino for 14 million unsecured? Who made the decision on that one?

Besides, the last place I'd want someone who owes me 14 million is in jail. I might get some or all of that money back if he goes home and runs his company.

EDIT: I see that he sold his company...but he's probably a very good executive and ostensibly has no earning power in jail.

 

[Sig]

I have rule that I stick to when gambling, I will immediateldy cut myself off after dropping $50,000,000. No exceptions. A penny more than that is just unacceptable. I have successfully maintained this strict self-imposed limit for my entire life

 

[steveny]

I have rule that I stick to when gambling, I will immediateldy cut myself off after dropping $50,000,000. No exceptions. A penny more than that is just unacceptable. I have successfully maintained this strict self-imposed limit for my entire life

I don't often gamble especially when the odds are not in my favor, sans the lotto. When I do gamble my cut off is 1k and I have hit the cut off it the past. I feel like crap for a few days after wards too. When I do lose money at least it's friends who end up with it. I hardly EVER go to a casino.

A few months ago I lost 700 playing Euchre to a couple of friends. I was pretty happy about it though because I knew they needed the money. I had bad cards all night and I should have shut myself down but I didn't. I was convinced I was going to get decent cards eventually but I didn't.

 

[H-carWizKid]

OH I HOPE HE WINS! If he does, I know some casinos in Vegas that owe me money!

"They got me drunk and kept me gambling" Puleese! That is what Vegas is all about! Why do you think the drinks are free?

Most of us know how to say when- if this guy didn't, then the risks were his own.

What an idiot.

P

 

[JorjeM]

I have rule that I stick to when gambling, I will immediateldy cut myself off after dropping $50,000,000. No exceptions. A penny more than that is just unacceptable. I have successfully maintained this strict self-imposed limit for my entire life

See what you have to understand is a gambler's thoughts are when he is down 50M, he thinks another 10 and he will get that back. at 100M, he's probably thinking if i quit now i lose 100M but if i sink another 10 or 20 il get that back, and so on and so forth. I had a friend go on a crazy 1 day losing streak but it was 100K which is alot different than 127M lol. But he was thinking the same way if he quit early he leaves with nothing, if he goes on he thinks he will make that money back... Sad really

 

[steveny]

See what you have to understand is a gambler's thoughts are when he is down 50M, he thinks another 10 and he will get that back. at 100M, he's probably thinking if i quit now i lose 100M but if i sink another 10 or 20 il get that back, and so on and so forth. I had a friend go on a crazy 1 day losing streak but it was 100K which is alot different than 127M lol. But he was thinking the same way if he quit early he leaves with nothing, if he goes on he thinks he will make that money back... Sad really

When I go, rarely, I have a set amount I am will to lose and a set amount I will leave with. I don't go in and leave after I am up some tiny amount.

The casino's up here are pretty smart with their locations. They are near nothing so by the time you drive there you want to hang out for a while. If the place were 5 minutes away and I walked in with 500 bucks, bet and won 500 bucks I would leave immediately. Being it's a 1 1/2 hour drive i wouldn't do that now. But a 100% return in 2 seconds one should leave. With an 1 1/2 hour drive I need to have 5x the money I am willing to lose before I will leave.

Last time I went to Harrah's in California I won enough to have a great time in all the shops for a while before I left. Got a spa treatment, even had my toenails clipped LOL. Renee and I had a blast.