Intervention of technology in the gambling world has given rise to online gambling sites. Gamblers have the freedom to log on to their devices at their homes only and they can operate multiple sites simultaneously to maximize their returns from the process. Not all gambling sessions yield profits, so when someone takes home a big booty, it becomes news, and so does the biggest loss. Let’s find out about the best gambling sites, games that have the highest chance of winning, and the biggest loss made by any gambler and some other interesting gambling facts in this post.
Which online gambling site is best?
According to Casino.org, the best online gambling site is 1xBet. The gambling sites are selected by evaluating them on several factors, most important being safety and security. Users need an environment where their data remains safe, and is stored in a fully encrypted environment. So, they consider safety features before starting a relationship with the gambling site. A gambling site is rendered safe when it is licensed by approved authorities. MGA, UK Gambling Commission, Curacao Gaming, etc. are some of the license providers who grant a permit to a gambling site only after thorough checking of the platform for adequate encryption, use of recommended firewalls, etc.
A gambling site serves the entertainment needs the best if it offers an unending list of games. Gamblers find it interesting to indulge in a gambling site when it offers an interesting lineup of casino games, sports and e-sports titles. More than 1000 titles of slots and other casino games keep the players engaged and have their share of entertainment served to them on their devices. 1xbet is found to be quite promising in this regard and has multiple games to offer to visitors.
A gambling site is rated the best when it is available in the form of both the desktop and mobile app. Sites like 1xBet are easily accessible on mobile phones and other mobile devices apart from desktops. Thus, the site is able to cater to a wider audience, which consequently, boosts its authority and makes it a reliable platform.
Users prefer those sites where all payment methods with sufficient encryption are available for putting down money and scooping profits. Availability of all payment methods is also helpful in serving a wider audience, and so, the site excels in customer experience. At 1XBet, all payment methods such as net banking, credit/debit cards and payment gateways are available, which eases the core betting process.
Thus, all these features are worth looking for when one tries to pick a preferred gambling site from the lot. With the help of these features, exceptional betting experience can be achieved, which also adds to the fun of playing online casino games and betting on sports.
Who lost the most money gambling?
According to a report at Statista, US casinos logged earnings of $67bn in 2023 and it was 10% more from the previous year. The holiday season of December 2023 alone showed income of $6.2bn. It clearly indicates that casinos revel in a lot of money which is obviously earned from gamblers who lose money.
Though a number of guidelines are provided to gamblers to limit their expenses, giving into the temptation of hitting big figures entices them to put down huge monies. They tend to spend millions, sometimes, just as a symbol of societal status. Lack of caution and overconfidence have led to some of the biggest losses suffered by any gambler. Here is the list of those gamblers who made monumental losses and became news breakers.
1. Harry Kakavas: $1 billion
Harry Kakavas, a high roller at Crown Casino, ended up losing approx. $1 billion in various bets, which earned him the title of ‘pathological gambler.’ The casino was sued by Harry’s legal team stating that the enterprise did not make any effort towards dissuading him from making unrealistic stakes. He was even provided transportation support to withdraw more money from the bank when he lost $1mn in one of his sessions. It is perhaps the biggest gambling loss reported.
2. Terrance Watanabe: $112 mn. approx.
Watanabe started young as a gambler when he used his family business’s payouts as seed money for gambling. He took over the family business of party favors and toys, turned it into a cash cow, but could not retain earnings due to his addiction to gambling. He was enticed into gambling even under the influence of alcohol and prescription drugs, and that led to monumental loss in casino bets totaling to about $112 million. He also had unpaid debt of $14.7 million for which he faced legal charges. Even the figure of $112 million is not confirmed, some portals report losses made by him as $204 million.
3. Charles Barkley: $30 million
Charles Barkley is a known name in NBA circuits. This 11 times NBA all-star owner could not escape the gambling addiction and ended up losing all wealth that he made from the NBA, that is, a total of $30 mn approx. to gambling. All these losses were incurred in games like Blackjack, Baccarat, Dice, Roulette. Despite knowing that losses are a part of the game, he never put a tab on his expenditures at casino games and continued playing for unhealthy lengths.
Which gambling has the highest chance of winning?
Profitability of any gambling game is determined by RTP%. A single deck Blackjack is one of the most profitable games where the RTP percentage goes as high as 99.9%. The winning possibility is determined by the house advantage assigned to any gambling. Blackjack has a house advantage as low as 0.1-0.9%. Thus, both the dealers and gamblers are equally unaware and unsure of the outcome of any game. It enhances the possibility of winning for gamblers.
Other games with high chances of winning are:
a. Ultimate Texas Hold’em – 99.4%
b. European Roulette – 98.6%
c. Baccarat – 94-97%
Other high-paying games are poker and its video variants, slot games and easy sports bets like BTTS, Double Chance. n
Slots at online casinos are calibrated regularly and checked for randomness of results. These games also have high payout and the probable earnings are highlighted in the thumbnail to attract customers. Progressive jackpots for slots are announced, too, from time to time, that can change the financial status of players in a lucky spin.
How to select sites for casino games and sports betting
Gamblers have the freedom to bet upon both the casino games and sports using casino websites and apps. Their wise selection can help them have a fun-filled gambling experience. It is advisable to take the following cautions while selecting the sites for casino games and sports betting as it can reduce the risk of losses.
- Check the reputation of casino games sites; associating with quality casinos helps evade loss of money. The sites of good repute don’t block the customer account and provide them guidance on gambling responsibly on a regular basis as well.
- Ensure that the site is legally working in your country, else players can get entangled in regulatory hassles.
- Take a look at the collection of games. The more vivid the collection is, the better the experience will be. Players will have the option to consider whenever feeling bored from any game. Also, they can spread the risk over games and have money judiciously spent on a variety of bets. It helps in easy bankroll management.
- Find all about the payment methods and their processing times. Gambling is the game of money, and so, the gamblers need to have uninhibited access to their funds. The payment methods should have quick processing time, which helps players bet more and try to win money more often.
- Look for promotional offers at casino sites. These offers can provide a financial cushion and let players postpone playing with real money. Deposit bonuses, cashbacks and complimentary refills of deposit accounts in responses to losses made during the week are various financial benefits one can find at online gambling sites.
Note all these points before selecting your next gambling venture. It can enhance play experience and keep you safe at the same time.
Can tipsters help improve sports betting records?
Tipsters who have a high hit rate can be a bankable support for improving sports betting records. However, the best approach is to select a few bets in a day, research them firsthand and use tips only to clear confusion, if any. There is no better friend than personal research. Also, betting with a sober mind and sound judgment is also advisable, else wrong decisions may cost you a lot of money and cut short your betting session.
Conclusion
Betting can become an addiction and that leads to crazy losses. The compulsive bettors have made huge losses and have become bankrupt due to their addiction. Biggest loss in gambling is reported as $1Bn, which is certainly huge. While choosing gambling sites, ensure that the platform is user-friendly and does not aim solely at robbing people off their money. Refer to the features of a promising gambling site mentioned in this post and make sure that your chosen platform, too, has all those features. It can make gambling a fun experience.