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Top 10 high-stakes players who managed to break the bank

Breaking the bank and winning so much that the table or even the casino itself runs out of money is a popular daydream of those who go to the big casinos.

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In reality, of course, the house wins almost always, but only occasionally, either through fraud, skill, or sometimes just stupid luck, comes a player who really wins really big ,

Many casinos don't try to scare those big winners, but encourage them because they know that advertising a big win can bring in ten times more than they have to pay out (and definitely). Some of the big winners don't know when to stop and keep playing until they're broke again.

However, here are 1

0 players who made it, even if it was only for a short time. Break the bank.

10 Joseph Jagger

Joseph Jagger was a mill worker in Yorkshire, England in 1880. Until the moment he decided to travel to Monte Carlo, he was never his hometown more than a few miles away. He had just gone bankrupt, and fearing that he and his family were going to debtor prison, he decided that if he made a cent, he might as well make a pound.

He borrowed money from members of his family, then took a steamship to France and took a train to Monte Carlo and its famous casinos. Jagger wasn't a player, but he was something of an engineer, and he saw a very slight inclination of the roulette wheel, which meant that numbers on one side of the wheel appeared a little more often than on the other side

Although casino Managers watching Jagger closely during his winning streak couldn't see his "system" because he really didn't have one. He won £ 80,000, an incredible amount for his day, and returned to his city of Yorkshire, where he bought 30 townhouses and gave them to his family and friends. It is believed that he never played again.

Joseph Jagger's victory led to a complete change in the design of roulette tables around the world.

So you can just as well lower this spirit level. [1]

9 Don Johnson

Don Johnson was known in gambling circles as the “whale”. He had already won a fortune in Atlantic City casinos. He took $ 5 million from Borgata and another $ 4 million from Caesar. When he entered Tropicana, the casino management was certainly nervous.

Johnson was sitting at the high roller table and started playing his favorite game – blackjack. He continued to play for the next 12 hours, averaging one hand per minute. At $ 100,000 per hand.

Don Johnson won $ 800,000 in a single card swap after he split his hand twice.

At the end of his shift at the table, Johnson had taken nearly $ 6 million out of the casino.

The casino staff closely watched Johnson's game to see if he was counting cards. While this is not illegal, it does result in you being banned from most casinos (provided you do it well). They could find no evidence that he was counting cards and were forced to honor his victory.

Johnson's advantage was knowing the gaming industry. He understood how the odds were calculated and knew when to bet. In 2011, the casinos faced financial problems and competed aggressively to lure big players through their doors. Perhaps that is why the Tropicana manager approved a hand limit of $ 100,000 per hand. (He was later fired). They not only let him play, but also invited him to negotiate discounts for losses.

And because they really wanted to attract his business, they made other concessions, such as how often he could share his hands and how many decks were in the shoe. Each time Johnson did his own calculations and the odds moved a little more in his favor.

And Johnson continued to play until each casino was eliminated from the deal. At that point, he took his chips and left. As a result, the casinos had to issue a profit warning. [2]

8 The MIT students and Las Vegas

If you are a student, you are probably looking for a job that is related to your studies. For many students, this could be something low and low-paying. However, if you're a math genius, your options at MIT are better.

In the 1990s, a student team made additional money playing blackjack in Las Vegas.

Led by Bill Kaplan, a professional player, the team learned to count cards. In fact, Kaplan had already been banned for this, which led him to form a team of the smartest students he trained in the art of card counting.

Membership in the group changed with the graduation of the students, who, no doubt, helped them to go undetected for so long. At their peak, the teams flew to Vegas every weekend and flew home with their cash-filled bags. In one weekend alone, they won over $ 400,000.

Despite the sophisticated use of disguises and the strict rotation of the casinos in which they played, the team was eventually discovered and, like their mentor, banished from the casinos in front of them.

The film 21 (trailer above) is loosely based on its history. [3]

7 Charles Schwab

Charles Schwab was a well-known industrialist with extravagant habits. The American steel magnate was instrumental in the success of the Allies in World War I, and its reputation should have been secured, but it was often impulsive and not always conscientious in business.

In 1902 this was impulsive and extravagant Schwab went to Monte Carlo and played roulette. The roulette wheel was no longer listed aside, and Schwab had nothing on its side except luck. He played for several days, always the same game, and despite a few streaks of bad luck, he continued to play. Ultimately, his victories overtook his losses and often won the table maximum with up to CHF 75,000 per hand.

After playing at the tables for several days, Schwab was declared to have broken the bank, although no one would say exactly how much he had. However, his victory did not bring him much. At the time of his death, his fortune, once valued at $ 40 million, had disappeared. He died bankrupt even because he owed $ 25,000 to a Catholic college after borrowing the money to leave them $ 2 million in his will.

You never got a cent. [4]

6 Paul Newey

Paul Newey is a high stakes businessman and player. In 2005, he was responsible for a casino in Birmingham, England, that had to issue a profit warning after winning £ 3m in a single night.

Newey, who made his money by offering poor people high-interest loans to poor people, is happy to win or lose big. In January 2005, his favorite game was roulette, where he bet up to £ 300,000 on a single spin of the roulette wheel.

His strategy, known as "full and complete", encompassed all possible permutations of a single number. That gave him a 3: 1 ratio and turned his bet from £ 300,000 into almost £ 1 million.

However, it was not all bad news for the casinos. Newey is said to have lost its entire £ 3m profit over the course of the following month, although Newey himself was not disturbed. In 2012 he switched his game from roulette to poker and retired from the World Cup on day 2. [5]

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5 Archie Karas

Anargyros Karabourniotis, better known as Archie Karas, is a legend in the history of the casino. Karas grew up poor and knew the value of money. And luckily. For a while, Karas had both, attributed to the longest winning streak in the casino's history.

In two years, Karas managed to convert his initial $ 50 share into an incredible $ 40 million.

He started making money as a Pool Hall Hustler and then switched to poker. At some point he is said to have been sitting at a poker table with $ 7 million in chips and was waiting for people to come and play him. He played and beat a three-time World Series Poker champion and took $ 1.2 million from him.

The best players in the world refused to play because the stakes were too high, so Karas switched games again and started to roll the dice, a pure game of chance. One night at Binions Horseshoe, he held every single $ 5,000 chip in place (its highest denomination), valued at around $ 18 million. The chips were stacked in racks of $ 500,000. The casino was forced to ask Karas to sell some of the chips back so other players could have something to play with.

After two years of winning, Karas' winning streak ended abruptly. Karas lost $ 20 million when rolling the dice. Then he switched the games to baccarat and lost another $ 17 million before returning to the dice. Within three weeks, Karas lost $ 39 of his entire $ 40 million fortune.

Except for his last million, he made a short comeback in poker, doubled his money, and blew every last dollar when he shot dice again.

The run was over. [6]

4 Charles De Ville Wells

In 1891, Charles De Ville Wells arrived in Monte Carlo for $ 4,000, a not inconsiderable sum (which would now be ten times as much). He sat at a roulette table and stayed there all evening and didn't leave until the casino was closed. He didn't even stop eating or drinking. The next day he returned and for 3 days afterwards. Every time he sat in the same place at the same table and played.

His winning streak was so pronounced that the spectators stood 8-deep around the table and watched him, and those who were lucky enough to get a seat at the table tried to copy his bets. At the end of his vacation weeks, Charles De Ville Wells had won $ 4 million and broken the bank.

All of the casino's cash reserves were spent and the game had to be suspended ten times at its table while more money was being raised from the casino vaults (the poker chip had not yet been invented).

Wells is believed to be the inspiration for the music hall song "The Man Who Broke the Bank in Monte Carlo". Wells claimed to have developed a system to hit the roulette wheel, but is believed to have likely cheated given his history as a fraud. No one is entirely sure how they did it, but it was suspected that it was a casino owner's facility to advertise.

The victory did not bring him much luck, however, and when he died in 1922 he was buried in a poor grave that owed two weeks' rent. [7]

3 Ed Thorp

Professor Ed Thorp went on a trip to Las Vegas with his wife in the 1950s and played blackjack. As a professor of probability and statistical analysis, he began to wonder about the game and realized that it could be beaten. In 1962 he published his results in a now famous book, Beat the Dealer, which mathematically demonstrated how players could win.

That was very sporty for Thorp. However, the casinos weren't quite as sporty. They changed the rules of the game overnight so that his system stopped working. However, this failed when the utilization at the blackjack tables dropped to almost zero and the casinos were forced to revert to the original rules.

Thorp's system was switched on again.

This was ultimately good for the casinos because anyone who came in imagined their chances at the tables and was usually found to be poor. The number of visitors to the casinos increased. In practice, very few players are adept or smart enough to beat the dealer.

Not surprisingly, Thorp was a very successful blackjack player himself and also developed a system to beat the stock market that made his returns far exceed the expected earnings.

He also published a book about this. [8]

2 Akio Kashiwagi

In 1990 Akio Kashiwagi was a billionaire and one of the five largest players in the world. He regularly wagered $ 10 million in a single night. At that point, he was crossing paths with Donald Trump.

Trump had recently bought three casinos in Atlantic City and was trying to attract some high-rollers to generate advertising. Kashiwagi seemed the ideal person. He played baccarat and often wagered $ 250,000 per hand. Despite being discouraged, Trump insisted on inviting Kashiwagi to play in his casino.

Donald Trump was initially thrilled when Kashiwagi was sitting at a specially locked table and hundreds of people flocked to the casino to watch him play. However, within 30 minutes, Trump began to worry when Kashiwagi won $ 500,000. At the end of the first night it had increased by $ 4 million.

When he increased $ 6 million, Kashiwagi decided that he had had enough of the crowd, cashed in his chips, and returned to Japan. Donald Trump was angry.

So he invited him back.

This time he secured an agreement that Kashiwagi would bring $ 2 million and would not go until he either doubled his money or lost the lot.
Kashiwagi played, and after 5 days was $ 10 million down. At this point Trump stopped the game. Kashiwagi claimed that this was evil belief and angry at the insult. However, Kashiwagi left a check for $ 6 million to cover his losses.

He was recovering.

So, bad faith on both sides.

The episode ended unhappily for both sides.

All three Trump casinos went bankrupt, while Kashiwagi was brutally murdered in his home shortly after being stabbed 150 times with a samurai sword.

And Trump never got his money. [9]

1 Nick Leeson

The greatest player in the world did not have to enter a casino to break the bank. Nick Leeson was a fund manager at Baring & # 39; s Bank, the second oldest bank in the world, and one of the most exclusive.

At just 27 years old, Leeson was one of the bank's star traders in derivatives and initially made enormous profits for the bank. However, the bank's systems were rather sloppy, which meant that Leeson was given the responsibility to review his own business. Which practically meant that nobody was looking at all.

When his trades were unsuccessful, instead of reporting the losses, he created a secret account to hide his losses and tried to make up the difference with riskier trades.

And nobody checked.

In 1995, he briefly bet on the Nikkei index to bet that its value would remain stable overnight. Unfortunately for Leeson, an earthquake hit Japan that night and the Nikkei fell significantly.

Leeson made a few more desperate trades, and when he realized that the game was over, he fled and left a note that simply said, "I'm sorry. “

When he was arrested in Germany, his losses were estimated at over $ 1 billion and the second oldest bank in the world was bankrupt.

Leeson was sentenced to 4 years in prison. and now lives as a speaker after dinner and advises people on how not to break the bank. The trailer for the excellent film Rogue Trader based on the story of Leeson is above. [10]

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