A number of punters have suffered irredeemable losses while gambling at casinos. This guide covers vital aspects every player should note when playing.

Introduction

Nobody likes to lose when gambling with real money. Unfortunately, losses are sometimes inevitable and most mature losers know well enough to pay their debts without causing any problem. However, some players find it difficult to control themselves after losing real money.

Gambling is pretty fun and exciting, especially when you win. It isn’t easy to win consecutively but playing at the best online casinos that payout will help you maximize your profits. Nevertheless, some players take gambling a lot more serious than others. Whichever way, it is crucial for you to reduce your losses whenever you play at fast payout online casinos.

This article will enlighten you as we examine some of the biggest losses in betting history. You will also learn how to play without losing much.

Examples of Big Losses in the Casino Industry

Here are some of the unfortunate scenarios where players have lost an incredible amount to the house:

Kakavas gambles $1.5billion in 16 months

While Harry Kakavas didn’t incur as many losses as other unfortunate gamblers, he lost a lot through consistent and consecutive defeats. Kakavas was conscious about not incurring a lot of losses at a goal. However, repetitive catastrophes for over a year amounted to an estimated loss of $21 million in 16 months.

Kakavas was a fan of baccarat and often played at Melbourne Crown Casino. Between the years 2012 and 2013, he lost over $20 million within that span. Although he filed a lawsuit to minimize his losses, Kakavas still incurred heavy costs, making him bankrupt.

Watanabe Massive $127 million loss

Terrance Watanabe is another business tycoon who unfortunately lost a fortune to gambling. His accumulated losses are said to be the highest ever recorded in Las Vegas. He also loved to play baccarat and blackjack games.

Archie Karas $40 million loss

Karas is another popular figure also known for his record losses in the casino. His knack for taking high risks didn’t pay off, as he recorded one of the highest deficits ever in Las Vegas. He fancied playing slots and poker games.

Archie Karas started with a bit of money and a $10,000 loan which generated a lot of earnings. Sadly, he lost $40million within 21 days, which turned his initial fruitful venture into a fruitless one.

How to avoid Gambling Losses

As fun and consuming as gambling might be, losing is unavoidable. However, you can manage your budget and prevent incurring heavy losses. Let us take a look at how to avoid these damaging scenarios.

·       Play Familiar Games

It is imperative to maintain a familiar lane when gambling. Stick to games you are familiar with and are used to playing. If you choose to play or try out new games, then you should play for free. Some online casinos can play for free and even get rewards without having to use real money.

·       Have a fixed penalty limit

One of the major problems most gamblers face is the addictive desire to recover losses. This thrilling action can result in further losses on your real casino winnings. Players must be disciplined and not allow their emotions to get the better of them. Having a limit set for both your losses and casino winnings will go a long way. Once you reach your limit, ensure you do not play another game.

·       Play at the best Online casino

Playing at the best online casino is another vital aspect you must consider. There are online casinos with regulations and policies which are quite beneficial for players. You can choose out the best casinos by checking out reviews on various casinos.

Some other important tips are:

·       Choose games with favourable odds

·       Pay attention to games with a low house edge

Conclusion

Losses are part of gambling, and it is almost impossible not to incur them while playing. However, these losses shouldn’t be detrimental to your finances. The tips we have provided on safe online gambling should help you avoid heavy deficits when playing. With discipline and focus, gambling will become even more enjoyable and less harmful to your pockets.