Lost Everything Roulette

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Description You begin roulette bonus senza deposito game with a stake of one unit you will decide roulette money value of the unit until you win for lose first time. If three bets are lost, you will have to win three times before the progression is finished. But after several hazardous investments, he lost everything and has to pay a debt of nearly €600,000! 8 – Vivian Nicholson - $5,4 millions. Online Roulette. Roulette RTP and house edge Every casino game can be characterized by the so-called return to player (RTP), which describes the percentage of each placed bet returned back to the player, statistically. If a game had an RTP of 100%, the chances of winning or losing would be the same. However, he eventually lost everything by playing baccarat and craps. In the autobiography Deal Me In, Giang wrote about how Vegas’ gambling temptations were his downfall. “Unfortunately, winning $20 million in Las Vegas and keeping $20 million in Las Vegas are two different things,” he explained.

• Hello, I’m Adam. I’ve just signed up to this site after advice from Katie on the live chat. I’ve been gambling since I was probably 13/14. Slot machines are my thing. I would go to the arcade at dinner time when I went to school, or into town on the weekends to spend all my pocket money.
  I guess I graduated to more serious money when I left school and got a job in a pub glass collecting. I’d be happy to lose 20, 30 quid on the bandit even if that was a big percentage of my wages. As I got older I was promoted to the bar and eventually assistant steward. As the position went up, the wages went up, the gambling went up. The inclusion of a £1 a spin machine at work proved too tempting and I was regularly losing hundreds.
  More recently I’d signed up to Betfred to try my hand at gambling away from work. Once again, video slots were my thing. Started easy with £2 a spin, but it gradually grew and grew. £10 a spin, £20, £40. Soon I was losing £100 with every spin of the reels. I recently lost £11,000 from a£17,000 life savings account. I was destroyed. So imagine my delight when I managed to win and build it back up to £20,000. That should of been the end of it. But for the fact I’m here, we all know it wasn’t. I lasted roughly 1 week before I was gambling again. £100 a spin. I lost £11,500 over a week or so. I lost the final £8,500 in around 20 minutes yesterday.
  I’m absolutely mortified to say the least. I’ve no idea where to go from here. That money was supposed to go towards a new house next year. This is where my problems lie. I can’t bare the thought of telling my parents who have basically wiped my arse for 30 years. It’s all going to come out eventually when I try to get a mortgage and they check my financial history. Further still, my girlfriend who has always struggled financially, will never understand. She’s thousands in debt herself, so she’ll never be able to come to terms with me losing £8,000 in 20 minutes. I just can’t face them. I’m basically eyeing up as much stuff in my possession that I have to sell. Try and claw some of it back. If I saved £200 of my wages every week, I’ll get it back in about 100 weeks. That’s just never going to happen.

  I think I’m going to have to settle into this depression…

  Hello and thanks for starting a thread in the Gambling Therapy forums

  Here at Gambling Therapy we pride ourselves on being a caring and diverse online community who can help and support you with the difficulties you’re currently facing. We understand that this might be a tough time for you, particularly if you’re new to recovery, so come here as often as you need to and participate in the forums, access online groups and connect to the live advice helpline if you need one to one support. We’re in this together!

  Here on the forum you can share your experiences in a safe, supportive and accepting environment. The beauty of writing it all down is that you can take your time and you will be creating a record of your progress that you can look back on if it ever feels like you’re not moving forward. So, share as much or as little as you like but do try to stick to keeping just one thread in this forum so people know where to find you if they want to be updated on your progress or share something with you.

  And on that note….

  I’m going to hand you over to our community because I’m sure they will have some words of wisdom for you 🙂

  Take care

  The Gambling Therapy Team

  
  PS: Let me just remind you to take a look at our
  privacy policy and terms and conditions so you know how it all works!
  

  Hey Adam, thanks for sharing and welcome to the forum. I was never able to hold onto the money I had available neither. I could never leave a loser. I would either be up for the session and quit or gamble, stepping up if necessary, to the bitter end.
  I was well aware of this and I made a good portion of my money unavailable / not easily accessible to me. It was in an account in a different country where it would take 2 or 3 days for it to clear into my current account and only then I could use it for gambling. In addition to that the amount I was able to transfer on any single day was limited.
  So whenever I was steaming out of my ears (which was often) I could only lose the money I had available and never the money that was put aside. By the time I transferred the money back to my current account and it cleared I wouldn’t be steaming so badly. Also, whenever I won anything meaningful I would wire it to the account I didn’t have an easy access to.

  Anyway that money you had is gone and you can’t have it back. It is no longer yours. What you can do is make sure you don’t lose more. Actually you can make sure you never lose another penny. Easier said than done, I know. I’ve been fighting my demons for decades and I gambled as recently as yesterday. Go figure.

  I would recommend that you read “the easy way to stop gambling” by allen carr. It is quite a good book.

  Out of curiosity, you mentioned in your post that you’re waiting for a bonus / cashback money from BetFred and if you got it you weren’t sure whether you would gamble with it or cash it out. Were you serious? Did you honestly think there was a slightest chance you would not gamble with it? I’m not trying to rub it in or anything, I just think it’s highly unlikely you honestly thought you would not gamble the money readily available in your betting account. Not to mention the fact that you probably can’t cash out bonus money till you meet their betting requirements (i. e. betting 8x the bonus amount).

  Good luck. And make sure you come here often and post often. you will find it helpfull I’m sure.

  Adam, I feel for your story. It is so similar to mine and I guess many others. It is the worst feeling in the world. Over 3 years of gambling (poke), quitting, relapsing, losing etc etc I have lost my life savings but more importantly my self respect. Now my busienss is in trouble, my marriage is over and I have to rebuild. I read so many blogs by ex gambler and they all say the same things. Take one day at a time and be kind to yourself. We all make mistakes, god knows I have. Over the last few weeks I have been deep in remorse for so many things, but that is gettng me nowhere. No one’s life is perfect, far from it, and we all —- up. I am trying now to move on, be kind to myself and rebuild what I have lost. My life will never be the same again, but hopefully now it will be better and so will yours.

  Keep posting whenever you need – don’t keep thoughts in your head, it is much better to get them out. The great thing about this site is that you can then see what you wrote and where you were at a certain time.

  All my love to you and yours.

  Adam, I feel for your story. It is so similar to mine and I guess many others. It is the worst feeling in the world. Over 3 years of gambling (poke), quitting, relapsing, losing etc etc I have lost my life savings but more importantly my self respect. Now my busienss is in trouble, my marriage is over and I have to rebuild. I read so many blogs by ex gambler and they all say the same things. Take one day at a time and be kind to yourself. We all make mistakes, god knows I have. Over the last few weeks I have been deep in remorse for so many things, but that is gettng me nowhere. No one’s life is perfect, far from it, and we all —- up. I am trying now to move on, be kind to myself and rebuild what I have lost. My life will never be the same again, but hopefully now it will be better and so will yours.

  Keep posting whenever you need – don’t keep thoughts in your head, it is much better to get them out. The great thing about this site is that you can then see what you wrote and where you were at a certain time.

  All my love to you and yours.

  Hi Adam, why not close that gambling account? Better yet, why not ask them to ban you? The n you won’t keep getting those tempting bonuses.

  The finances will take care of themselves if you stop gambling. Trying to keep things hidden will make it harder for you to do that. In fact trying to keep things hidden can in itself send someone gambling as they try and recoup hidden losses or pay hidden debts.

  What positive steps can you take? A blocker for your PC so you can’t reopen that gambling account or find another one? Someone to hold your money? Getting to GA meetings?

  Keep posting and let us know what positive steps you are taking.?

  Hi Adam,

  As hard as it is, it’s better for you to come clean and tell your parents and girlfriend what you’ve done. The initial shock and upset it will cause will eventually lead to what they can do constructively to help you repair the damage. In my experience, if you keep it a secret and exist in this secret world of gambling, you’ll only continue to chase losses and compound the problem further.

  I’ve self excluded myself form many online gaming sites and now can’t access most of them for 5 years. You can also set daily gaming limits to reduce losses. Again, it’s not a perfect solution because it’s best that you don’t gamble at all, but added to other measures it helps.

  I have still found ways to gamble, that is why I’m on this forum and seeking outside help, but you still have family and people close to you that can support you, care for you and guide you through this, so don’t shut them out. I let things escalate so far that I’ve pushed everyone close to me away, so I speak from experience. This fight is hard enough with the help of loved ones, but it’s far, far more difficult if you stand alone in isolation like I do.

  You may think that you have the ability to win all your losses back before anyone finds out, but even if you do, you’ll think that you can go again and next time win big. I have won tens of thousands of pounds over the years and hardly ever quit while I was winning. I always pushed my luck further and further until I eventually lost everything. There’s never a happy ending to gambling, it always ends in misery.

  I wish you all the best and hope you find the strength to confide in loved ones.

  Take care,

  Charlster2

  Hi Adam it is good you are wanting to stop. I would say you need to self exclude yourself from that online casino today! If you dont the odds are you will deposit again. Keeping it open means that possibly somewhere deep down you know you will gamble again!

  Exclude and do it now and exclude from any other casinos you may have open. Then install blocking software on your pcs to block ALL casinos. Without this you could stumble again. Wishing you all the best!!!

  Hi Adam,

  I can relate to what you’re saying. There are many times when I could have cashed out and won thousands, but because I had won large amounts in the past and because of how much I’ve lost over the years it was never enough. I always push my luck to the brink until I eventually lose everything.

  Not long ago I was £12000 up playing online roulette and all I did was increase my stake so I was spinning £200+ a spin, and in no time I lost the lot. That has happened to me on many occasions, I very rarely cash out when I’m winning. I gamble with trepidation and fear now, there’s no fun factor in it. I know I can’t afford to gamble a penny, yet I gamble every last penny I have on an all too regular basis!

  Just to pick up on something you said at the end of your latest post about you not deserving help, believe me, asking for help now and coming clean is the best thing you can do. You’re £17000 down at the moment, when do you think you’ll qualify for help and understanding, when you’re £50000 down, £100000 down? Now is the time to gather those close to you and meet this problem as a collective rather than face it in silence alone.

  Others may have a different view point, but from my experience, I can only say it as I see it. At the moment £17000 seems a ridiculously large amount to lose, but in hindsight, if I had come clean when my losses were only £17000, I would still have my house, still probably have my long term relationship in tact and wouldn’t be the complete wreck I am today.

  Use your family, girlfriend and friends for support sooner rather than later, don’t try to sort this out on your own.

  I obviously wish you all the best and hope that you stay strong day to day. Keep it going, you’re doing great.

  Take care,

  Charlster2

  i wanted to buy one but I’m not sure? would I be able to un-install it? cause if I can then i will.so ill be wasting my money?

  Just a note on blocking software. Gamblock is virtually impossible to uninstall unless you have very good coding / programmings skills and even then it can go horribly wrong and totally mess the system. Others I wont comment on. But gamblock is about as strong as it gets. Basicially when it is installed on your system ALL sites related to casinos/gambling are blocked including gaming forums and such like.

  Nothing is ever 100% but it can give you another layer of cover and protection. But the real quitting starts from within. Self excluding from casinos is at the basic level and is a must in my book for any person who is struggling with an online based gambling addiction. But hey thats just me.

Gambling legends are typically very successful bettors who’ve made millions in profits over their careers. These gamblers have incredible skills that allow them to beat the house and other players.

Given how great these gamblers are, you’d think that they would also be good at bankroll management. But this isn’t always the case because certain legends are so bad at managing their bankrolls that they’ve lost entire fortunes.

Some of these gamblers lost their money in the actual games they play. Others have blown their wealth through other means like lousy business deals or drugs.

You want to avoid repeating the mistakes of the following nine legends if you ever become a highly successful gambler.

1 – Stu Ungar

The late Stu Ungar was arguably the best Texas hold’em player of all time. He proved his skills by winning three World Series of Poker (WSOP) Main Event titles.

As if his hold’em prowess wasn’t enough, Ungar also excelled at gin rummy and blackjack. His rummy skills were so excellent that no high stakes player would compete against him.

He especially had trouble finding action after beating rummy star Harry “Yonkie’ Stein 86-0. Stein, who was widely regarded as the best gin player at the time, disappeared from the scene after this beating.

Ungar took up Texas hold’em when his gin opponents dried up. He quickly experienced poker success after winning $40k off 7-time WSOP champ Billy Baxter in 1977.

“The Kid” would earn his first WSOP Main Event victory after beating Doyle Brunson heads up in 1980.
Ungar went on to win this tournament the following year in 1981 as well.

Unfortunately, Ungar developed a bad addiction to cocaine in the mid-1980s. He was introduced to the drug by fellow poker players, who said that it would keep him awake during long nights at the table.

The Kid was broke for years before resurfacing prior to the 1997 WSOP Main Event. He stayed up all night raising the $10,000 buy-in and went on to win his third ME title.

Dubbed “The Comeback Kid” afterward, he collected a $1 million payout for the victory. Ungar split the money with his backer, Billy Baxter, but still walked away with $500,000.

Rather than using the funds to further his gambling career, Ungar instead blew most of it on cocaine and sports betting. It’s estimated that he lost around $30 million in poker and rummy winnings due to his poor money management.

He would pass away the following year at age 45 in a Vegas roach motel. The Kid suffered heart failure resulting from years of drug abuse.

2 – Archie Karas

Archie Karas started gambling as a child while growing up on a small Greek island. He shot marbles with friends to earn money for food.

Karas got into an explosive argument with his father at age 15 and left home afterward. He hopped on a cruise ship, where he continued working until the ship reached America’s west coast.

Karas started playing poker in L.A. cardrooms and hustling local pool halls. He was able to build a $2 million bankroll, which he later lost playing against poker legends like Doyle Brunson and Chip Reese.

Some gamblers would be distraught after losing such a large amount of money. But Karas was undeterred and left for Las Vegas in 1992 with just $50 to his name.

Upon arriving in Vegas, he convinced a poker friend to lend him $10,000. He turned this into $30,000 through Razz, paid his friend back, and used the remaining $20k to start the most-legendary gambling run ever.

He proceeded to accumulate a $17 million bankroll through a combination of pool and poker. Karas ran into a problem, though, because nobody would play him in pool or poker any longer.

This convinced him to start playing high-stakes craps. The run continued too as he built his bankroll to $40 million.
Unfortunately, Karas couldn’t stop gambling.

His demise began when he played high stakes baccarat, which cost him $11 million. Karas would lose the rest of his money through a combination of baccarat, craps, and poker.

What’s impressive is that he’s since gone on several other multimillion-dollar gambling runs, only to lose everything in each instance.

In more recent years, Karas has made headlines for been caught cheating in blackjack. The last instance, where he was arrested for marking cards at San Diego’s Barona Casino, landed him in the Nevada Black Book.

The Black Book is an exclusive list of gamblers who are banned from Nevada casinos. The Silver State banned Karas because he’d been caught cheating in Vegas several times before the San Diego incident.

3 – Harry Findlay

Harry Findlay is a famous sports and horseracing and bettor who has won and lost millions of dollars through gambling.

Although a very successful gambler at times, the Brit has had major bankroll management issues throughout his career.

He infamously wagered £2.5 million on New Zealand winning a 2007 Rugby World Cup quarterfinal match against France. He felt pretty good about this wager with New Zealand dominating 13-3 at halftime.

However, the French came roaring back in the second half and narrowed the score to 18-13. This convinced him to put down a smaller £18,000 live wager on France that would pay £600,000 due to the long odds.

The French completed their miraculous comeback by winning 20-18. This brought his total losses to £1.9 million, which, although not as bad as £2.5 million, was still a huge disappointment.

Despite this catastrophic loss, Findlay continued betting huge chunks of his bankroll on what appeared to be sure things. He again backed New Zealand in the 2011 Ruby World Cup over France.

This time, Findlay put down £230,000 (over half of his wealth) on the Kiwis to win. New Zealand barely pulled out an 8-7 victory. It’s rumored that Findlay has won and lost £20 million on sports and racing gambling in his life.

He believes that the £20 million in winnings may be accurate, but not the matching losses.

“The money I have lost was all down to getting involved with businessmen who sold me visions that turned out to be bulls***,” he told the Independent.

“The reality is that throughout my life of gambling, I’ve only ever had one losing year since 1989 and that was 1997.”

Findlay went on to add that “three losing months” in a row is a disaster for him. He’s thankful that his single losing year has never been repeated.

One of the financial disasters he speaks of is when he put £1.7 million towards making Coventry Stadium the center for greyhound racing.

But he never received a Bookmakers Afternoon Greyhound Service (BAGS) contract. This made it nearly impossible for him to create a successful long-term racing operation at Coventry.

He fell into a depression afterward in 2014 and was broke.

“I didn’t have the train fare to see my mum and had a bit of a breakdown,” he recalled.

Since that time, though, Findlay has made somewhat of a comeback. He’s been having success by betting small stakes on horses with his best friend.

“Glenn [Gill] is the best horse judge I’ve ever me,” said Findlay.

“He tells me what to bet and how much. To have won over £250,000 the last two years betting on small stakes is amazing.”

4 – Erick Lindgren

Erick Lindgren is a professional poker player who had a considerable amount of success in the 2000s. He lays claim to two WSOP victories, two World Poker Tour (WPT) titles, and over $10.5 million in career winnings.

“E-Dog” became a popular player on the tournament circuit thanks to his easygoing attitude. He befriended many famous poker pros and earned a lucrative sponsorship deal with Full Tilt Poker.

Lindgren is also known for winning a $350,000 prop bet with Phil Ivey, Gavin Smith, and other poker pros. The bet saw him play four consecutive golf rounds at a Vegas course.

He had to carry his own bags and shoot under 100 in every round to win the bet. Despite temperatures reaching 106 degrees, Lindgren fought off heat exhaustion and won.

Sadly, though, Lindgren had a terrible gambling problem hiding behind his poker success and sponsorship deal.
He amassed huge losses in sports betting and eventually couldn’t repay his debts.

He also borrowed money from Full Tilt that he couldn’t pay back. Amaya Gaming, which purchased Full Tilt and PokerStars in 2014, sued Lindgren to recover millions of dollars in loans.

E-Dog couldn’t afford to repay the money or his back taxes ($1.8m), so he filed chapter 11 bankruptcy. He reported assets worth less than $50,000 and debts exceeding $10 million.

In 2013, Lindgren entered a gambling rehab program in California. He’s since failed to recapture the same glory he had during his earlier poker days.

5 – Phil Laak

Phil Laak is a successful poker pro who’s won millions of dollars in cash games and has made many TV appearances.

His first major win was the WPT Celebrity Invitational in 2004. He’s won several other tournaments, including a 2010 WSOP Europe six-handed NL hold’em event. Laak has $3.7 million in overall tournament winnings.

While the 46-year-old has had plenty of success on the felt, he’s better known for his many televised appearances. Laak has appeared on High Stakes Poker, Poker After Dark, E! Hollywood Hold’em, and I Bet You.

But long before his fame and fortune, Laak went broke after making an extremely risky option trade. He wrote about the matter in a 2009 piece that appeared on ESPN.com (via BLUFF Magazine).

“I went broke one time and one time only,” he wrote. “I leveraged myself to the hilt for an option trade on the NYSE, and things went about as badly as they could have gone.”

Despite losing everything he put into this trade, Laak learned valuable lessons on bankroll management. He now finds it puzzling how fellow poker pros can continue going bust again and again.

“It mystifies me when I hear successful poker players tell how they went broke so many times,” he wrote. “[…] However, not knowing about bankroll management is not why they go broke; they go broke because they don’t have the discipline to follow it.”

Laak himself learned plenty of discipline in the aftermath of the options trade gone wrong. He’s since built an impressive bankroll that has allowed him to play in many televised high stakes cash games.

6 – Chau Giang

Chau Giang fled his native Vietnam in a small boat in the late 1970s. His first stop was Denver, Colorado, where he worked minimum wage jobs while learning poker on the side.

He eventually had enough success in small games that he could afford to move to Las Vegas. He won the 1993 WSOP $1,50 NL Ace to Five Draw tournament ($82,800) and has since earned two more gold bracelets.

Giang has over $3.5 million in live tournament cashes. But cash games are his bread and butter because he’s won tens of millions of dollars in this arena. Giang became a regular in the $4,000/$8,000 “Big Game” at Bobby’s Room (Bellagio).

He also landed a Full Tilt Poker sponsorship in January 2009 under the handle “La Key U.” This deal added even more to Giang’s net worth.

However, he eventually lost everything by playing baccarat and craps.

In the autobiography Deal Me In, Giang wrote about how Vegas’ gambling temptations were his downfall.

“Unfortunately, winning $20 million in Las Vegas and keeping $20 million in Las Vegas are two different things,” he explained.

“I was good at the large cash card games, no doubt. But those games didn’t happen every day, or even every week. Lower-stakes games now bored me.”

“They didn’t hold my attention or generate the thrill of the high-stakes game. So I sought new avenues for excitement, and unfortunately those avenues were in the casino games, where the house is heavily favored to win.”

Giang lost everything through baccarat and craps. However, he has since rebuilt his bankroll to the point where he can play up to $200/$400 live cash games again.

7 – Ryazan

“Ryazan” was one of the first true stars of the daily fantasy sports (DFS) world. He became famous in 2015 for challenging other famed pros like Martin “Papagates” Crowley and Saahil Sud to heads-up matches.

Ryazan was also highly active on RotoGrinders and other DFS forums, where he issued challenges and bragged about his big wins.

What wasn’t known at the time, though, was that Ryazan funded his bankroll with credit cards. Despite winning quite a bit, he also racked up tremendous credit card debt and didn’t pay it off immediately.

Ryazan also blew his winnings without making any estimated tax payments beforehand. This left him owing debts to both the IRS and credit card companies.

The anonymous DFS star eventually became a losing player too, which further crushed his bottom line. A 2017 RotoGrinders post from Ryazan shows how he devolved into a losing degen.

Here’s an excerpt from the post:

“I lost playing NBA for the first 3 months of 2016 (80% of my 2015 overall winnings, + what I owed for taxes for my 2015 winnings). Horrible management on my part, I know, that is not even up for discussion – I was completely horrible in that personal aspect.”

“But it didn’t stop there – when I couldn’t win on a 5K monthly deposit limit, Fanduel permitted me to wire up to $30,000 straight from my bank account, seemingly completely ignoring the Massachusetts regulation of 1K per month.”

Ryazan’s last cash is a fourth-place finish in a DraftKings MLB contest on May 2, 2017. It looks like his credit card spending, back taxes, and losses have put him out of commission.

8 – Gus Hansen

Gus Hansen has served as one of poker’s most-iconic faces for well over a decade.

The “Great Dane” got his gambling start by playing backgammon in Denmark. He later switched to poker and considered himself a professional by 1997.

Hansen became famous in the mid-2000s after becoming the first player to win three WPT titles. He’s also won the WPT Bad Boys of Poker invitational, $400k Poker Superstars Invitational, 2007 Aussie Millions Main Event.

Hansen has over $10.2 million in overall live tournament winnings. Besides his tourney success, Hansen has become notable for his TV cash-game appearances and Full Tilt sponsorship.

He was prominently featured in many Full Tilt ads. Hansen was also one of just three players who were signed to “The Professionals” team when the site relaunched in 2012.

He’s had some successful business pursuits as well, launching PokerChamps.com with two other pros in 2003. They sold the site and its software to Betfair in 2005 for $15 million.

Unfortunately, Hansen’s biggest life leak involved playing high stakes online poker. He just couldn’t solve the internet nosebleeds despite his success in other poker realms.

Hansen’s losses began accruing in 2007. He bottomed out in 2015 with $20.7 million in overall losses and has since stopped playing online.

To Hansen’s credit, he never tried hiding or lying about his loss. He once admitted: “My online numbers aren’t looking too pretty, but I can still afford a sandwich.”

He again got himself into a financial pickle after investing in Denmark’s music industry. Hansen said this “went probably as bad as my online poker career.”

The good news, though, is that Hansen is back to crushing live cash games again. He made Instagram posts in December 2018 showing himself sitting with piles of chips in Bobby’s Room’s Big Game.

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9 – Brad Booth

Brad Booth is a Canadian poker pro who became famous through appearances on High Stakes Poker. He’s well known for buying in for a “cool million” on the show.

Booth has one of poker’s more-unique backstories. Rather than moving to Vegas early on, he spent time grinding in cardrooms everywhere from Calgary to the Yukon Territory.

The latter is quite interesting when considering that the Yukon is a massive rural area with just over 40,000 inhabitants. “Yukon Brad” did eventually make his way south to Vegas, where he rose to stardom.

His downfall started, though, when he became a victim of the Ultimate Bet cheating scandal. He estimated that he was cheated out of $2 million while speaking with Mediocre Poker Radio.

Booth continued playing poker after the cheating scandal and lost another $4.2 million. He believes that the Ultimate Bet losses really messed with his confidence and momentum.

Yukon Brad would turn from victim to perpetrator when he failed to repay a $28,000 loan to Doug Polk in 2012.

Booth originally borrowed $30,000 and paid back $2,200. But he later left the country, changed his phone number, and began ignoring Polk.

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Brad appeared in a 2017 interview with PokerListings, where he discussed the loan and how he’s grinding in low-stakes live games. He hopes to eventually rebuild his poker career and pay Polk back the full amount.

Conclusion

Having the skills to beat gambling is only one part of being a long-term success. It’s also extremely important to be disciplined with your bankroll as well.

The nine gamblers discussed here all went off the rails at some point and lost their bankroll.

Some of them have never recovered either.

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Stu Ungar, unfortunately, died broke and penniless because he could never kick his drug habit. It’s a wonder how many poker titles he could’ve won had he avoided spending so much money on coke and sports betting.

Daily fantasy’s “Ryazan” completely disappeared from the game after financing his bankroll with credit cards. He also waited to pay taxes on his winnings, then went through a big losing streak that busted his career.

Other gamblers like Brad Booth, Erik Lindgren, and Harry Findlay are still having success on a smaller level today. But none of them have yet to come close to the peaks they achieved before mismanaging their money.

Gus Hansen and Phil Laak appear to have learned their lessons after going broke. Each is doing fairly well in the poker world today.

The best takeaway from each of these gamblers is to be disciplined and make good decisions with your bankroll. Doing so allows you to experience long-term success in gambling rather than becoming a degenerate who loses everything.

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