Home Business Insights & Advice Three incredible tales of risk and reward in the world of gambling

Three incredible tales of risk and reward in the world of gambling

by Sarah Dunsby
14th Feb 23 4:03 pm

Some of the best and most fascinating gambling stories have always been the ones where players win or lose incredible amounts of money very fast. Ideally, everybody wants to redeem a free spins no wagering bonus, make an incredibly big stake, hit an astounding win and cash out the next day. This is one of the reasons why the fast payout casino UK is one of the most popular in the country.

Although everybody dreams of turning into a high roller which takes all the money from an instant withdrawal casino the following day, not all gambling stories can end this way. Even so, both happy and sad gambling stories can be highly interesting, and we want to present you with the two sides of the coin. Thus said, we have prepared you a top 3 with the most incredible gambling stories in history, which feature Donald Trump, Japanese criminal organisations, winning streaks that lasted full years and many more. Are you ready to be mesmerised?

Ashley Revel – The player who went all in

We are starting our stories with Ashley Revell, one of the bravest and also luckiest players in gambling history. Revell got famous because he sold absolutely all of his possessions, including clothes, to place a bet on a single spin of the roulette wheel.

Revell sold his house, his car, and all of his personal belongings, raising a total of $135,300. He then flew to Las Vegas and bet the entire sum on a single spin of the roulette wheel at the Plaza Hotel and Casino. Revell chose to bet on red and got incredibly lucky as the ball landed on the red number 7. As a result, Revell doubled his money, winning a total of $270,600. He later said that he had not made a bet simply for the money but to experience the thrill of taking a huge risk. We can definitely say that we are truly happy that the risk was worth it!

Archie Karas – The longest winning streak in history

We continue our list with Archie Karas, a player who got incredibly lucky for a while but ended up losing his fortune. Karas became famous because he had the longest winning streak in gambling history, known as The Run.

The streak began in December 1992, when Karas arrived in Las Vegas with just $50 in his pocket. He borrowed $10,000 from a friend and began playing high-stakes poker games, quickly building up his bankroll. Besides poker games, he also played pool and claimed over $1 million by winning 16 consecutive games against some of the best players in the world. He played games with stakes as high as $100,000 per hand and won massive jackpots, often taking down several million dollars in a single night.

Karas’ streak finally came to an end in 1995 when he began losing big bets and making poor financial decisions. He lost most of his fortune and had to return to playing smaller-stakes games. However, because of his incredible winning streak, he remains one of the greatest gamblers of all time.

Akio Kashiwagi – The player who faced Donald Trump

Akio Kashiwagi was a wealthy Japanese businessman and high roller who was known for his love of gambling. He was particularly fond of baccarat and was a regular player in Las Vegas casinos in the 1980s. During this period, he also came to the attention of Trump, who  was looking to expand his casino empire in Atlantic City.

Trump saw an opportunity to bring Kashiwagi to his casinos and offered him the chance to play in high-stakes games against some of the best players in the world. Kashiwagi accepted the offer and came to the Atlantic City casinos to play, winning a total of $6 million after playing baccarat. After his win, Trump offered Kashiwagi a chance to double his winnings by returning to the casino and either betting $12 million or losing the $6 million he had just won.

This time, the Japanese player was not so lucky, as he ended up with $10 million in debt. He never got the chance to pay his duty, as he was later murdered in his home in Japan with repeated sword attacks. We don’t know whether his death had anything to do with gambling, but we do know that there have been allegations that Akio Kashiwagi had connections to the Japanese organised crime syndicate known as the Yakuza.

Although some of these stories are interesting and entertaining, we recommend never taking great risks if you want big slot wins but always gambling responsibly.

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