Gambling has been a common practice for a very long period. According to Indian mythological sources, it began as early as the period of the epic Mahabharata. The game is strongly based on the exclusive factor of luck, making it unbiased for anyone playing it. It can be done in numerous ways by putting any fortune.
Playing for money has the power to turn the tables for a person in a few moments. It can improve a person’s financial situation to an awe-striking level. Similarly, it also has the power to ruin a person by snatching everything from him. Addiction to this game is greater than any other. Usually, one starts to play in free slots and continues with the real money stakes.
These addictions often result in a person being subjected to massive losses. The gamblers out of their greed put a lot of money at stake and lose everything only due to sheer bad luck. The more money you have, the more you sink into the quicksand of gamble. When you do not know what to do with so much of money, you resort to gambling. Celebrities often engage in this game and go as far as losing everything.
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CHARLES BARKLEY
The 11 times NBA champion, Mr. Barkley suffered from the addiction of gambling. Being extraordinarily talented and experienced in the field, he was among the most earning players. Having resorted to gambling, he lost almost every single bit he had earned in his career of 16 years in the league.
Never considering it to be a problem, Mr. Barkley lost approximately $10 million, which is around £7 million. He admits to losing $2.5 million in a single game session of blackjack. He has been cited betting up to $60,000 on a single roulette spin.
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MICHAEL VICK
Michael Vick is a well-known NFL player in the USA. He not only lost his money in this business but everything as priceless as his freedom and reputation left him due to the illegal practice of gambling. The Atlantis falcon quarterback suffered a massive setback, which constituted to 10 years of cleaning up. Mr. Vick was imprisoned for financing and organising a dog fighting ring.
He was suspended from NFL without pay. He was dragged to the court by the Falcons who demanded a huge payback from his side of signing bonus. The court passed the verdict that he owed an amount of $19.97. Michael Vick paid this debt in the end thus, going bankrupt.
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STEVE RICHARDS
A 56-year-old roofing contractor claimed that his addiction to playing for money was to such a level that he looked forward to this every week. Steve Richards often placed smaller bets and succeeded in winning those. These small victories gave birth to greed and anticipation of earning greater things in his mind.
During a rugby match between Wales and Australia; Richards placed his bet on Wales. He gambled a staggering amount of £30,000. If he had won the bet, he would have earned great profits going home with £55,000 in his pocket.
Unfortunately; due to Wales losing the game; Steve lost all his money; this may not be an enormous loss regarding the amount of money, but as an ordinary man, he fell from everything to nothingness. Hence, this too is a case of the gravest losses.
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HARRY KAKAVAS
Kakavas, a businessman in the real estate on Australia’s Gold Coast is considered to be among the biggest high rollers in the world. Within a time of five and a half hours, he lost an amount of $164 million after betting $300,000 per hand. Kakavas’ legal team has mentioned that he suffered from a problem of gambling in casinos around the world. The casinos took advantage of his vulnerability.
Just like any other gambler, he has lost in millions. Harry has been fighting his debts. Harry has strived to recover his losses after losing $20.5 million to a casino, but the court ignored the case dismissing his plea. He has also resorted to stealing when out of bank balance to engage more in gambling.
They say nothing is good in excess. So is the case for gambling as well. One must know when to stop by recognising the fine line of difference between playing for fun and out of addiction. Gambling can always make you, but at the same time, it may also cause disastrous effects snatching all your money away from you. Excessive playing slot machines may lead you to deal with huge losses. However, if one is careful about their limitations, this activity is highly entertaining.