The Weirdest Gambling Facts You Probably Never Knew

Like strange and unique facts? Perhaps you enjoy participating in TV game shows or trivia contests with pals. These details may be useful for a gambling category.

Perhaps you simply enjoy knowing strange facts to use as conversation starters. Whatever the cause, you probably weren’t aware of certain odd gambling facts.

We are researching the most bizarre and outlandish gambling statistics ever. This might also serve as a brief history lesson on gambling. Some of these incredible gaming trivia date back more than a century.

We all have a few unique gaming facts that others might not be aware of. This should support the strange gambling information you’ve compiled.

Have you ever had a strange gambling story? You might even have a few wild gambling stories of your own. Hopefully, there was a lot of money to be won.

We have narrowed down a list of the most bizarre and extraordinary gambling statistics ever. Weird gaming statistics that rank in the top ten are listed below.

1. The Biggest Losing Week For The MGM Grand Was During A Physicists Conference

The world-famous MGM Grand probably should not have hosted more than 4,000 of the most brilliant minds in the world. In April of 1986, the MGM Grand had its worst week ever with the APS in town.

The casino had its worst financial week during the physicists’ conference. It is easy to figure out why this happened. Physicists are regarded as experts in mathematics.

We often refer to gambling as a game of math and odds. The physicists refused to play casino games with bad odds.

The majority of the hotel was booked with masters in probability. Getting them on a slot machine was not going to happen.

2. The First Ever Slot Machines Paid Out In Beer, Cigars, and Candy

The first slot machine was invented in 1891 by the New York company, Sittman and Pitt. These slots looked more like video poker machines, with five cards distributed for each bet.

Before Charles Fey invented slot machines that awarded players with money, saloons paid out in beer and cigars on the primitive Sittman and Pitt slot games.

Slot machines were popular in the late 1800s in saloons. Instead of a coin dropper that spits out coins, players had to go to the bartender to claim their prize.

The bartender would pay out the slot winnings with a beer or cigar. There are a lot of gamblers that like beer and cigars, so it wasn’t the worst reward.

Later on in the early 1900s, prohibition and anti-gambling laws put a damper on cash slot machines. Manufacturer, Industry Novelty Company, invented slots that awarded chewing gum to get around the laws in the United States.

3. Self-Exclusion Will Result In Voided Jackpots

So, you banned yourself from the casino because you have a gambling problem. Years later you go back to the casino, win a huge jackpot, and look to collect the winnings. Tough luck.

Casinos will not pay out jackpots or hand pays to a player that self-banned themselves from gambling. The prize will be forfeited and the player will be asked to leave the casino.

Since it is illegal to be gambling at the property after a self-exclusion, the casino could even get the authorities involved. Ouch.

4. A Las Vegas Gambler Went On a Year-Long Losing Streak

Weird? Going on a year-long losing streak gambling has to be considered rather unusual. In the largest recorded gambling loss of all time, businessman Terry Watanabe had no luck for a year.

He is regarded as the biggest whale and loser ever in Las Vegas’s history. On an unbelievable skid, Watanabe lost $127 million in gambling in just a year.

Watanabe inherited a multi-million dollar organization from his father, Harry Watanabe. Oriental Trading Company was sold by Watanabe in 2000. The company still operates as a merchant for children’s toys and party supplies in 2022.

Lured into the casinos with extravagant comps and alcohol, Watanabe lost most of his net worth in Las Vegas in 2007. In total, he is believed to have lost over $200 million from gambling in his life.

If you are interested in learning more, there is a movie reportedly being filmed about his experience as a big loser.

5. A Gambler Sold All Of His Possessions For One Bet

You might have heard of this story but didn’t know if it were true or not. It really happened at the Plaza Hotel and Casino in Las Vegas. Ashley Revell sold all of his possessions, including his car and clothes, to bet on one bet of roulette in 2004.

The native of the UK flew to Las Vegas with $135,300 in American dollars. He placed his entire life on one spin of the roulette wheel. Revell decided at the last second to place all of his chips on red.

The ball bounced around the roulette drum and settled on red. Revell instantly doubled up and the rest is history. He used the money to open the poker site Poker UTD and has had success with multiple business ventures since then.

The most intriguing gambling statistics are frequently the weirdest. We’ll be able to track a lot more in the future. Maybe one of the future installments of strange gambling facts will feature you.

There is still a ton of strange gambling lore and information to be found.

 

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