Biggest Loss of Money in History When Playing Baccarat

Baccarat is one of casino games that depend on each player’s own luck. In Baccarat, the player can gamble a large sum of money at a time. So, there will be no surprise that the player tend to lose a large amount of money in return and get the biggest loss of money in history when playing baccarat.

Biggest Loss of Money in History When Playing Baccarat

  1. Harry Kakavas

The first biggest loss of money in the Baccarat history is Harry Kakavas. He was a real estate developer and he liked gambling a lot. He was also famous in spending a lot of wager in the casino tables, and it was the reason why he was rejected by some casinos. He chose to bet on the Baccarat game since you can put a large amount of money and earn bigger money in return.

As a high roller he bet on more than $300.000. In a period of 14 months, he bet for more than $1.5 billion at one of the casinos in Melbourne called the Crown Casino. He lost himself on the Baccarat table and as a result, he lost for more than $2 million for only a half an hour.

Biggest Loss of Money in History When Playing Baccarat
Biggest Loss of Money in History When Playing Baccarat
  1. Akio Kashiwagi

The second biggest loss of money is obtained by Akio Kashiwagi. He was a man who took a dangerous life. In playing Baccarat, he was considered as a high roller and spent a lot of money in a game. He was also famous as the big winner as well as the biggest loser in the gambling table; they were all kinds of gambling tables and including Baccarat itself. It was said that he lost for $20.5 million in a session. In May 1990 at the Trump Plaza casino, he was reported to lose at the Baccarat table for $10 million.

  1. Kerry Parker

Kerry Parker is the most famous gambler in history. Although he was recorded to have big loses of money, he is very famous that this amount of money did not even matter. He was reported to lose for £13.6 million is the three-day Baccarat marathon in Las Vegas. The total gambling lost would be around £27.4 million in 1999-2000. Besides, he also lost for £11 million in one of the casinos in London called Crockford’s casino and it was recorded as the largest single lost in the British gambling history.

  1. Archie Karas

The next Baccarat loser was Archie Karas. In 1995, he was a winner for almost two and a half year, but unfortunately he also gained a big lost for only three weeks. In playing Baccarat, he lost $17 million, and then he decided to rest for a while. After some months, he went back to bet by playing Baccarat in the Horseshoe, but unfortunately, he lost again for $300,000.

Playing Baccarat can be tricky since you cannot predict your luck in it. Moreover, you need to be more careful in placing your bet, so that you will not suffer biggest loss of money in history when playing baccarat. You need to know the strategy for playing Baccarat, and knowing the time when to stop is very wise.

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