i think he had an experience most folks wouldnt ever experience in their lifetime if the stories were real but mostly i think they are fake tales with highly exaggerated figures if anything close to real
His gambling attitude is what won him 40mil to begin with. Most normal people would stop at 100k, or 500k thinking it will change your life. This is why we would never reach 3mil let alone 40mil.. and likewise, it's also the reason he lost it! Why stop at 40mil when you can reach 100mil!
When you are on a winning streak it’s hard to completely stop gambling. His luck eventually ran out, it can’t go on forever no matter how skilful you are.
@@aperfecte Because I was one of those nerds that used Google+ and got verified through that when RU-vid and G+ were integrated. Remember that fiasco? Then they changed the requirements for RU-vid verification. But I still got my checkmark. Maybe we can get Simon to do a video about it.
One time I turned $0 into $160 after 8 hours of work. It was kind of boring and rote. That other way with the gambling and the winning/losing millions sounds -better- bitter.
Getting away with cheating was probably the next big adrenaline rush for him. So marking cards doesn’t necessarily mean he cared about the money he won.
Yeah, kinda hard to use that logic... It depends on what your end-goal is. If he went to Vegas with the intentions of "quitting while he's ahead" he would've never made the fortunes that he did.
Hell no, weight them down & get it done with. Dealer screams black out on a simple red roulette play & the pit bosses gather quick everytime. Where's my compensation cards today boys 😏
@@noneshere You need some pretty amazing slight of hand and probably some oceans 14 level inside help to get weighed dice into play at a legit casino. Technically weighed dice would work but actually using them and getting away with the cash is a 5.15a+ climb.
He wanted a lot of things but addiction supersedes nearly every need a person has. He was no doubt a gambling addict. He was an adept gambler but an addict for sure.
@@walden6272 I would argue that those who use money to procure love don't understand love. You might be making a sarcastic comment tho, it's hard to tell.
This was some great work Simon. You consistently put out amazing stories. Some I’ve heard before but you always add details that were never really public with most of the stories. A-1 Work mate!!
At the end he puts up credits. The guy who did the research and wrote the script for this episode was none other than Karl Smallwood of fact fiend. If you haven't seen his channel I would DEFINITELY check it out. :)
Being risky isn't hard. Being stressed for a few minutes per hour a few nights a week also has no meaningful relationship to the stress induced by a single mother raising children while working two jobs. It's all relative and by comparison playing cards is _not_ a hard living. It takes skill and it has tiny fractions of stressful moments but ask 99% of working people about the stresses and hardships they endure and it's just not comparable.
Evan Fields . Your position is reasonable, however It's a bit of slippery slope comparing someone's idea of stress to another's. There's always someone who has it worse, but it doesn't make it acceptable to marginalized people.
Making yourself a top poker or pool player is not easy. He may have earned the money in just a few hours, but that was only after lots and lots of time, study, and practice beforehand.
So he wasn't that much of an awesome poker player... he was a cheater? Caught marking cards... no telling how many times he had done it before being caught.
@rwsthedemonking it really doesnt, u will still sulk after ur delicious expensive meals and material spending after a while especially if u're an empty person before u got rich, riches only buy material and physical comfort, emphasis on physical
Alex Mercer Materialistic desires are the cause of all suffering in the first place. If people didn’t think that money is what they needed to be happy, SO many people’s lives would be so much better. So of the happiest people I’ve met were poor people in Brazil with barely enough money to afford an older generation smartphone. Life is good when YOU make it good. Not when you have money
@@azhurelpigeon I see. It's interesting you feel that way. Something I'm curious about though, you met people in Brazil, but did you live with them? Here's the actuality, there's two kinds of happiness. The external, the internal. People often confuse and even merge the two. But that isn't the case. Internal happiness comes from our well-being, from having people we can trust, because they've earned it. Having those we can depend on and those who can depend on us. Having the peace of mind of not ruining someone's life. Etc. Etc. Stuff like that. External happiness comes from not having to worry about the electricity or gas turned off because you can't pay the bill this month, from being able to get something you not just need, but want. By not worrying about each penny you spend, because you might need it, in case you get sick or something bad happens like an unexpected expense. Etc. Etc. Etc. Stuff like that. Now the thing is, these two types of happiness are so intertwined with each other that people think they're the same. But really, they're not. Because you'll often see one affecting the other. Many marriages fall apart and families torn apart because of financial issues. And many families torn apart because of too much money as well. One isn't better than the other, they both go together. It's best not to take sides. I don't. But since, money makes the world go round, I made my initial comment. Because it's better to be rich in a world where poor are treated worse than dirt. Because in this world, money talks and if you don't have it, you don't have a voice. Actuality sucks, reality differs for everyone though.
easy to say, not many can manage it well if they havent been used to managing such large sums and tend to splurge a significant portion of it, trying to experience the high and rich life. but if u can keep to 10k a month in maximum spending, then yep u're pretty much set for a lifetime of workfree life
@@dfgdfg_ not when u keep having $17m pop up in your mind and how much out of this world thing u can possibly try with such money. easily can rack up 10-20 grand expenditure in one day if u entertain these thoughts.
@@pokpokgeiX yeah, i'm stupid. I would want to open a cafe or bbq joint and work while living on less then $10,000.00 a month. Maybe spend the most on a house and vacation home.
a 2.5m diversified stock portfolio at an annual 4% safe withdrawal rate brings you 100k a year/8.3k a month. Do you really need that much more? (17m would bring you 680k a year/ 57k a month)
Honestly, this is an old video, but a lot of people sort of look at this story in a very biased way, considering him a failure and a fool is short sighted, as he was one of the most successful if not the most successful gambler in the world, people call him stupid for not saving or investing the money, yet he clearly stated that was never his reason for playing, he never had a big crash or failure really, as it sounds like he lived a fairly simple life with the high stakes gambling he did as almost a hobby or passion, which is crazy to think about, but the way he talks about enjoying the simple things in life is actually sort of admirable, I see a lot of jaded people saying that he was wrong and that money could buy things like freedom, love, health and happiness, the only people who think that are those who are either very shallow or very bitter about not having that or both, you won't meet someone who loves you if they're only with you for money, that ain't love, that's creative prostitution, it won't buy happiness because even the richest and most successful people in the world can be depressed and miserable if they lose sight of themselves, it won't really even buy health because even an impoverished farmer can condition their body to be healthy and strong, and freedom is whatever you make of it, it's about perspective not money- Aside from all that though, the truly tragic thing is that in the end he ended up excommunicated from the very thing he devoted his life to, of course gambling isn't really the most noble thing, but it's not as though it harmed anyone, at least in this story. Of course though, you can never tell how legitimate his cheating was, how long he had been cheating or even if he had cheated from this story, it could very be possible that the houses in Nevada didn't want to risk him running around and set him up, or if he was truly a hypocrite in the end, but I still personally enjoy this story, if nothing else, for the somewhat wholesome values he supposedly preached.
What Simon ommitted to refer is that the Binions Casino changed the baize-felt floor of the dice table, causing the dice to rotate faster upon impact and thus negating Archie's predicting advantage.
I know a guy who turned $50 into $300,000 while drunk playing online blackjack. Some crazy life changing shit. They send him a check for $10,000 a month because of their terms of service.
I enjoyed the under-the-breath comment about his banning after an arrest for marking cards. Perhaps his story should be: The Card Cheat Who Always Lost All His Cheating Wins by Gambling.
I’ve one turned £8 into £600 Another time £200 into £3000 But then again many times I’ve lost £500 every week 10 times. In a row Don’t waste your time with casinos their fixed and the house always win they cheat trust me, if you don’t my friend who works at the table would tell you different
Dont play the big odd games. Simple red or black option is easy to double on. If I loose I double down till I win again, then walk. I wont play roulette boards with 2 greens like that tho. Streets & blocks you can pin the odds 2 on 3 everytime. I dont drink alcohol & I don't like being in casinos long, I smash & go.
Itchybell games . They don't need to cheat, the odds are in their favour. They can easily lose quite a bit in the short run, because in the long run they come out way ahead.
During Karas' run, gamblers were cautious when facing off against Greek pros like Archie and Nick the Greek. They were thought to have nerves of steel and ice water running through their veins, and couldn't be outwitted. He did indeed lose that much money and is banned from the tables. This must be torture for him because these pros are always looking to make a bet. Its part of their personality and everyday casual conversation. He must now feel shackled.
Its a common trope that lottery winners' lifes actually take a turn for the worse after winning, but would you do a video on people who actaully improved their lofe significantly after winning?
Who wants to watch a video about people who won the lottery and then invested soundly and lived a happy life of dividends? Your positive attitude is admirable but your knowledge of human psychology is abysmal. That is a borderline unwatchable video.
@@acetate909 not that, i mean people who didnt just live off it forever i mean people who did HUGE things with their money, and didnt bankrupt themselves
@@marcuswagner1396 I was just being an idiot. You don't need to explain your comment to me. I'm pretty sure I understood what you meant. I was attempting to be funny.
His moral grandstanding is offset by the fact that he clearly has a gambling addiction. Saying you don't care about money doesn't impress anyone. If he felt that way he could've gave it away to people who really needed it instead of giving it back to the casinos.
That is very impressive, and kinda depressing. I'd say at least he didn't fall into a despair after losing all that money, but a gambling addiction isn't a great outcome. ...Wish I had better poker skills.
stories like this share one thing in common: gamblers do know know how or when to quit when they are ahead. You pretty much loose all forms of perspective when you are up that much.
"Professional Gambler" See, that's the problem. That's an oxymoron that makes the assumption that gambling places aren't scams. They are. This is like "Professional Microtransactions Player". See how dumb that sounds?
What about the casino owner? Isn't he a "professional gambler"? Also chess hustlers, who bet randoms that they can beat them in a game of chess, and make money doing so. Aren't they professional gamblers? They have everything under control, due to their superior chess-playing ability, but are able to offer attractive odds
I live about 45 minutes from Tunica MS and there's a bunch of casinos there. For the first 10 or 15 years you'd see billboards advertising people than won huge sums of money like $500,000 or $125,000... but now you don't see that anymore. If you see one it's usually like so and so won $10,000 or $2000 or $5000, but nothing like it used to be. The slots are no longer "loosest in town."
I work at a few gift shops for a casino and the amount of regulars you see constantly going back is insane. Normal people go to win or lose and most of the time they lost too much.
You got to know when to hold'em Know when to fold them Know when to walk away and Know when to run .. You never count your money When you sitting at the table. They'll be time enough for counting When the dealing's done.....
Tl;Dr - Man I dealt Baccarat to literally last night took 10k and made it 150k before taking out a loan and losing 300k in the course of an hour. As a casino dealer I see this kind of thing all the time. Literally just last night I had a customer who was a big spender and regular but it was my first time dealing to him. His game of choice is Baccarat. He sat down and bought it for 10k and through the course of an hour took that UP to 150k He knew when to bet low and when to raise to table max and he was doing amazingly! (Although, as a dealer, it bothered me that he not once tipped me. Not even 5 bucks on a 30:1 Dragon bonus win. We make waitress minimum wage! 5.85 an hour is what I make) Then something awesome happens! LONG Player streak. Turned out to be 18 player win's in a row but anyway, When you've got a run going smart money is to continue betting the streak. Instead, like most of the Baccarat player's I deal with. he starts betting BIG on the Banker hand. In his mind, the streak can't last and banker will hit. He requested the table max be raised for him and management gave us the go ahead. Here is he, betting 35k a hand against the streak. But player keeps hitting and he is dumping money back into the rack. He takes out a marker (a loan by the casino) for 150k and gets it. So he continues betting against and losing hard. All in all, he lost 300k in the course of the hour I was dealing to him. All I can think is if I had even 1% of that kind of money to throw around I'd be living pretty.
@@jc624let me preface this by, if you're in the USA. Do you tip your waitress or waiter? If yes, for the same reason. We make less than normal minimum wage. Tipped minimum wage is 2.83 an hour. Most dealers make around 5 an hour. If you don't tip you're waitress or waiter then well, I have nothing nice to say and will therefore keep my mouth shut.
Money can definitely buy more freedoms... Better treatments for health if he became sick... And also potentially love depending on what he considers love to be...
*”Money means nothing to me. I don’t value it. I’ve had all the material things I could ever want. Everything. The things I want money can’t buy: health, freedom, love happiness. I don’t care about money, so I have no fear. I don’t care if I lose it.”* *_It would’ve had been all very poetic, if he didn’t got caught cheating and subsequently banned from gambling in Las Vegas casinos for the rest of his life._*
There are levels to addiction bc I love gambling but there’s no scenario in where I lose $40,000,000 gambling…but that’s my brain, can’t know what’s triggering these type of gamblers
@@Rsmith420 Looks like a stock photo, so the tablets are probably not functional. Advantages of a real device would include progressive pot betting, wide area gaming that included people other than at the table, etc.
I've mastered the att of efficiency. I cut out the long complex process in the middle and go straight from $50 to $0 in one game. Im home in time for dinner and have no regrets. :-D
They tryna hold me back... Online gambling is legal here now, but casinos are taking another year after that to get them running, really pissing me off, I want to take that 💰.
