Four incredible gambling stories

Four incredible gambling stories
Published: 23 February 2018 (417 Views)
Everything about gambling is outrageous, fun, and entertaining. Perhaps that is why even when we hear a crazy gambling story we tend to listen to it, rather than frown and walk away. We have to admit that gamblers are strange folks. You do not understand what we mean? Well, check out these incredible gambling stories and find out for yourself.

1. The man who blew his family fortune

The father of Terrance Watanabe, Harry, founded a gift shop in 1932 and expanded it until it became one of the largest companies on the market, until Terry became CEO in 1977. In 2000, Terrance sold his entire stake in the company to a private equity company. From this deal the man acquired a massive fortune; if only he would not blow it on drinking and gambling. Where did his money go? To various casinos owned by Harrah's.

Rumour has it that it all started in 2007 when Terrance went on a trip to Las Vegas, but he never left. While Mr. Watanabe was enjoying the attention from being a high roller player, casinos slowly emptied his pockets. In the end, the man spent a year of high stake gambling in the mecca of gambling Vegas, which cost him $127 million dollars. It was estimated that 6 per cent of Harrah's total gambling revenues came from Terrance Watanabe.

Mr. Watanabe ended his gambling addiction after opening up to his sister about his problem and she brought him back to Omaha, making him enter a treatment facility.

Despite the fact that he has not set foot in another casino ever since the treatment, he has been having problems with Harrah's. The company had to file criminal charges against him after he refused to repay the losses. It is said that he agreed to pay $112 million of it, but he accused Harrah's of being irresponsible, stating that he was given alcohol in the casinos to keep him at the tables.

Workers at the casinos owned by Harrah's said that Mr. Watanabe would occasionally lose as much as $5 million a day, gamble for a whole day without a break and he was even given permission to play three hands of blackjack at once.

2. The 154-roll lucky strike

Have you ever wondered what is the possibility of throwing a pair of dice 154 times at a game of craps with no breaks and without ever throwing a total of seven? Well, approximately 1 in 1.56 trillion. On May 23 Patricia Demauro, a grandmother from New Jersey beat those odds at the Atlantic City's Borgata Hotel Casino and Spa. The lady's lucky strike continued for an hour and 18 minutes, broke the world record for longest craps as well as most successsive dice rolls without throwing a seven.

The woman decided not to reveal the amount of her profit from this incredible lucky streak but experts estimated that if she had made the perfect bets, her winnings would be more than thousands. If experts had bet as well, she would have won millions. The woman visited to the same casino two nights later, but this time only as an observer.

3. The man who bet his life

Back in 2004 there were TV shows like the reality mini-series "Double or Nothing". One episode, the famous British bettor Ashley Revell decided to sell all of his assets, including all of his garb and he went to gamble. He gambled his whole life (which apparently cost $135,000) on a single coup of a roulette wheel at the Plaza Hotel & Casino in Las Vegas, Nevada. The man placed his bet on color red, and luckily the ball ended up on 7 red. Revell doubled his money (he won $270,600), gave the dealer a $600 tip and walked away. Whether or not he took advantage of roulette betting systems is still ambiguous.

The man used his winnings to set up his own on-line poker company, which he named Poker UTD.

4. How FedEx was saved

Today, FedEx looks like a successful company, but did you know that its owner once saved the company by taking his last money – $5,000 – to gamble it in Vegas? Well, he did, and not only that, but he managed to turn the money into $32,000.

The year was 1971 and the high roller was Frederick W. Smith, the founder and current CEO of the company. The man took his personal fortune of nearly $4 million and raised an additional $90 million to set up his company.

Sadly, just three years later the company was on the verge of bankruptcy. Due to the rapidly rising fuel costs, the Federal Express were losing over $1 million a month and no one was willing to give them any additional loans. Moreover, investors seemed uninterested as well.

At its worst period, all the company had was $5,000 which was roughly enough to fuel their planes until the following Monday. When Monday came, however, to the shock of their competitors FedEx had $32,000 instead of $5,000 in their funds. How did the money increase? The founder took the five grand and flew to Las Vegas where he would play blackjack the whole weekend, betting the last money of his company.

He was asked what had he been thinking by taking such a huge risk with his company funds and he reportedly said that it did not matter whether he bet or not, because without finding a way to increase company funds, the company would have been gone anyway.

And it turned out that all FedEx needed was a few more days. Shortly after his trip to Vegas, Smith successfully raised $11 million which stabilised the company and by 1976 FedEx pocketed their first profits of $3.6 million.

- Agencies

Tags: FedEx, Casino, betting,

You May Like These Videos


There are no comments.

Latest stories

Corruption must be non-biased Mr President - Pan Zim

by Wilson Chipangura | 20 March 2018 | 85 Views

Apologise for lying to the nation: Doctors tell Parirenyatwa

by Byo24News Reporter | 20 March 2018 | 155 Views

Thumbs up for recovering $600 million, Mr President

by Rufaro Gijima | 20 March 2018 | 90 Views

No more in-house political problems in Zanu PF, says Shiri

by Byo24News Reporter | 20 March 2018 | 116 Views

Tribalism rocks Hillside Teachers College

by Arnold Zvenyika sis a journalist with the Hillside Post | 20 March 2018 | 143 Views

Cooked up figures do not win election

by Peacemaker Zano | 20 March 2018 | 70 Views

Tuku to receive honorary patronage

by Tidi Kwidini | 20 March 2018 | 54 Views

EU grows confidence in Zimbabwe

by Derick Tsimba | 20 March 2018 | 55 Views

Ganja farmer nabbed

by Simbarashe Sithole | 20 March 2018 | 80 Views

Devolution NOW

by UDM | 20 March 2018 | 51 Views

Sex worker assaults fellow hooker over a client

by Staff reporter | 20 March 2018 | 81 Views

Mnangagwa barred from attending AU Extra-Ordinary Summit sessions?

by Staff reporter | 20 March 2018 | 97 Views

Nicolas Sarkozy arrested in Gaddafi poll funding inquiry

by thetimes | 20 March 2018 | 58 Views

MDC Alliance campaign goes rural

by Luke Tamborinyoka | 20 March 2018 | 110 Views

'We are not tribalist,' says MDC-T

by Staff reporter | 20 March 2018 | 114 Views

Strive Masiyiwa at Africa Business Summit in Kigali

by Social media | 20 March 2018 | 98 Views

Mnangagwa meets Zimbabwean professionals in Rwanda

by Staff reporter | 20 March 2018 | 105 Views

Mnangagwa's name-and-shame gimmick falls short of expectations

by Staff reporter | 20 March 2018 | 117 Views

Zimra boss caught in car sex, quits

by Staff reporter | 20 March 2018 | 151 Views

Jonathan Moyo, Chiwenga- case: Judgement reserved

by Staff reporter | 20 March 2018 | 75 Views

Constantine Chiwenga bleaches, but why?

by Nomazulu Thata | 20 March 2018 | 135 Views

Opinion: Corruption must be non-biased Mr President - Pan Zim

by Wilson Chipangura | 20 March 2018 | 66 Views

Zanu-PF party to strip Mugabe of immunity, privileges?

by Staff reporter | 20 March 2018 | 136 Views

'He refuses to use condoms'

by Staff reporter | 20 March 2018 | 145 Views

Teen mom (17) stones baby to death

by Staff reporter | 20 March 2018 | 89 Views

I've no problem with Bev: Harpers' wife

by Staff reporter | 20 March 2018 | 143 Views

Zvimba Sandton project beneficiaries risk eviction

by Staff reporter | 20 March 2018 | 131 Views

Welshman Ncube attacks Khupe, brands her a 'bad follower'

by Staff reporter | 20 March 2018 | 174 Views

Khupe to fight to the end

by Staff reporter | 20 March 2018 | 137 Views

Zimbabweans deserve substance, not show

by Charles (Student), Bulawayo | 20 March 2018 | 121 Views

WATCH: Chamisa 'motorcade' arriving for the MDC rally

by social media | 20 March 2018 | 172 Views

Mnangagwa's list of looters deflating

by Staff reporter | 20 March 2018 | 106 Views

Mnangagwa 'doesn't have a team fit for purpose yet'

by Hopewell Chin'ono | 20 March 2018 | 103 Views

Zanu-PF finalising election manifesto

by Staff reporter | 20 March 2018 | 96 Views

Externalisation: Mnangagwa caught on the wrong side

by Staff reporter | 20 March 2018 | 517 Views

24-hour police patrols introduced

by Staff reporter | 20 March 2018 | 177 Views