5 Mind-Blowing Casino Stories Ever (gains & losses)

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With the nature of the gambling industry, anything is possible in this corner, and when the stakes are raised, the stories can become even more compelling.

In this article, we will highlight some of the funny and bizarre gambling stories ever; some of which you might find it hard to imagine that they actually happened.

Terry Watanabe lost over $120 Million in 2007

Terry Watanabe in court  because of casino loss
Terry Watanabe

Terry Watanabe’s losing streak is believed to be the biggest losing streaks by a gambler in Las Vegas history.  He is said to have bet more than $825 million and losing $127 million in The Rio casinos and Caesars Palace in 2007. Las Vegas casinos survive off big-money gamblers who are referred to as ‘Whales’.

When a casino identifies one, they will do anything to keep him happy and gambling. This man by the name of Terry Watanabe was the mother of all whales! And the casinos were determined to keep him entertained and splurging.

In the case of Mr Watanabe, they even gave him a three-room suite and a $17 million gambling limit. He even had special vodka imported from Russia for him. He was called the ‘house player’ as he often played casino games that had good house advantage.

Patricia Demauro – the grandma with the longest lucky streak

Patricia Demauro had the longest lucky streak in the casino
Patricia Demauro

Losing streaks are the most common casino escapades but not for Patricia, who broke the record. What is the probability of continuously rolling a pair of dice 154 times without throwing a seven? The probability is approximately 1 in 1.56 trillion! This is close to impossible until New Jersey grandma beat the odds in 2009 at Atlantic City’s Borgata Hotel Casino and Spa.

She recorded 154-roll lucky streak which lasted 4 hours and 18 minutes setting a world’s record of the longest craps to roll with the most successive dice rolls without throwing a seven. Although Patricia did not disclose the amount of money she won, it is estimated that she could have walked away with hundreds of thousands.

Related: Learn how to play Craps online.

The $5000 gamble that saved FedEx

Founder of FedEx saved his company by gambling in a Las Vegas casino

Frederick W. Smith, the founder of FedEx, once saved his company by taking the last $5000 the company had to its name and turning it into $32,000 after gambling in Las Vegas. At this point, the company was at the verge of bankruptcy after losing more than $1 million a month, and there were no investors interested in contributing capital.

At this point, the $5,000 was not enough to cover the company’s expenses, and Smith decided to fly to Las Vegas and play BlackJack that weekend. By luck, he managed to make $32,000, which was enough to cover the cost of fueling their planes and other operations for a few days. 

It turned out that the few days was all they needed since shortly after, he managed to raise $11million, which was enough to keep the company afloat until it became profitable.  Today the company is worth around $25-$35 billion.

Related: 10 Interesting casino facts that you probably didn’t know.

Hawaii babysitter  who won $2.4 Million on her first trip to Las Vegas

California Hotel and Casino in Las Vegas

In 2008, Jessica Agbunag, a 24-year-old baby sitter won $2.4 million at a Wheel of Fortune slot machine at the California Hotel and Casino.  She had travelled to Las Vegas with her boyfriend and family in remembrance of her grandmother’s birthday. Her grandma was a frequent visitor to Las Vegas, and she loved playing slot machines.

Jessica had played in the same casino and won smaller amounts twice a week before hitting the mega jackpot machine where she had only staked $16.

Related: See the 10 most glamorous casinos in the world.

The 8-year old boy who allegedly won $500,000 in an online poker room

youngest casino winner ever
Aashish Nanak

In 2010, Aashish Nanak, an 8-year-old boy from India, allegedly won $500,000 playing online poker. Apparently, the boy was a genius in computer and was introduced to a computer when he was three years, and by the time he was four years, he could build a webpage. By the age of six, he had already gained interest in online poker where he could use his uncle’s account.  He used the funds in his uncle’s account to play and ended up earning half a million dollars.

Related: Casinos with the best poker rooms in NZ.

It is however alleged that the poker room did not process the money since Aashish was very young. Further investigation showed that the staff member of the casino knew that he was underage since they even referred him as ‘the little poker wizard.

Nothing is impossible when it comes to gambling!

These are just some of the most memorable casino stories, but the gambling industry never ceases to amaze.  From the Whales to the overnight lucky winners, the casinos are always open to accommodate all punters.

Here, no dreams are unrealistic; no desires are unfulfillable! Nothing is impossible when it comes to gambling. Every casino tactics could work, and your life could change with only one single spin or flip! The biggest weapon in a casino is trusting yourself and your abilities.

Source:

  • http://www.wboc.com/story/9391607/woman-wins-24m-in-her-first-trip-to-vegas
Rating: 5 - 2 votes

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