Most Money Ever Lost In Poker
Different amounts mean different things to people, so losing a $2k pot is completely different to a guy who plays at a much higher level. So taking that into account, my biggest pot I lost was $1,200. This was about 15 yrs ago now and it still is my biggest loss. I was playing $2/$4 9 handed cash, I had a stack of $600 when I got dealt 88. Facebook tops this ranking for a day on Wall Street when it lost a ton of friends — and money. The company's stock price crashed, costing CEO Mark Zuckerberg more than $15 billion. This was after investors and analysts found a lot not to like in the social network's profit report for the second quarter of 2018. Dwan Strikes It Again. It seems Tom Dwan is frequently involved in huge pots, and he came out on the profitable side of this one again. In August 2017, he was one of the players in PokerGO’s “Poker After Dark,” a $200/$400 cash game with a minimum buy-in of $100,000. People always talk about their biggest jackpot or win. Whats your biggest loss,go ahead i dare you. By the way my biggest single loss and this is not the norm so dont get the wrong ideal,was 7000 in 4 hours on a 20 dollar machine,lesson learned.
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The US government regularly seizes cash, assets and drugs in its work to fight crime across the country. These seizures can range from a few thousand dollars to many millions. Most were seized by the DEA but others have been seized by Homeland Security, US Border Customs, Amtrak and more.
Some of the largest cash seizures in history include these:
#1 Meth Raid in Mexico Yields $205 Million Cash Seizure
In March 2007,. US and Mexican authorities seized over $200 million in US dollars from several methamphetamine in one of Mexico City’s most expensive areas.
US officials said that the massive size of this seizure showed the huge scope of the illegal narcotics trade that links Mexico, Asia and the US. Two of the people who were arrested in this cash seizure actually were from China. The raid happened after a long investigation that started in December 2006, when the police seized 20 tons of pseudoephedrine, which is a cold medicine used to make meth.
#2 $309 Million Worth of Cash and Drugs Seized in Australia
A huge ecstasy sting in Australia in 2009 seized an astounding 4.4 tons of ecstasy, which was more than 15 million pills that were worth more than $300 million, and a large sum of cash also was seized.
The Australian authorities took a year to conduct the operation, which netted many arrests, including bosses, freight haulers and dock workers. They had put the huge quantity of pill shipments into 3000 Italian tomato cans.
#3 $50 Million Cash Seizure One of the Biggest Ever in Columbia
Columbian police seized at least $50 million US in January 2007. It was at the time believed to be the most money that ever was seized by a law enforcement organization in the world.
The Columbian raids were done after a tip came in from a source who worked with the DEA. The DEA then gave that information to the Columbian National Police. In the first raid, at least $13 million was seized, which was hidden in a house inside a false cabinet.
#4 Australian Crime Commission Seizes Over $500 Million US in Cash and Drugs
Most Money Ever Lost In Poker Winnings
In January 2014, the Australian Crime Commission claimed a big victory in its war on organized crime. Its covert drug task force seized over $500 million in drugs and cash in one year.
This task force carefully tracked the money laundering that was being used by criminal gans, including terrorists, biker gangs, drug cartels and human traffickers.
In just one week, more than $5.7 million in cash was seized in Sydney, and in 2013 the task force broke up one of the biggest drug labs in Victoria.
#5 Contra Costa Drug Task Force Seizes $18 Million in Drug Money in CA
It was hailed as one of the biggest cash and drug seizures in the history of the state, when the police seized more than $18 million in cash and drugs in January 2014. This was the result of a two year investigation that netted several arrests.
Most Money Ever Lost In Poker Tournaments
The result was the seizure of about 500 pounds of methamphetamine, 160 grams of cocaine, and several million in cash.
#6 Cash Seizure in Baldwin, AL the Largest Ever in the State
More than $1.5 million in cash was seized in September 2013, from a truck on I-65 in Baldwin, Alabama. It was the largest amount of drug money ever seized in the state.
A routine vehicle inspection on I-65 was conducted on a semi truck in the middle of the day. The driver gave the police permission to search the truck. That is when they found four bags full of the cash. The driver then claimed that he did not know about the money or how it was hidden in his cab.
#7 Millions in Cash Seized in Atlanta
Three men were apprehended and charged with federal crimes as $7 million in cash and drugs was seized in the largest heroin bust in the history of Atlanta.
The DEA seized at least 80 pounds of heroin, which is worth over $6 million. They also seized more than $2 million at another location, and federal officials stated that this seizure was related to $4 million seized near Atlanta a few weeks earlier.
#8 Drug Bust In Edmonton Nets Largest Cash Seizure in City History
In March 2014, 12 people were arrested in Edmonton as the result of several drug trafficking raids, and one of them resulted in the biggest seizure of cash in city history.
The biggest of the six busts occurred on March 21, and ended with over $800,000 being seized. Police noted that most of the money would be used to compensate crime victims.
#9 $5.7 Million Cash Seized in Dirty Money Raid
In 2013, a record amount totalling $5.7 million was seized in Australia in an international crime probe which has netted the police in that country more than $580 million in the last year.
The Australian Crime Commission and the federal police worked together in the 12 month operation, and targeted international money laundering groups and various drug crime gangs.
#10 More Than $2.6 Million US Seized in Drug Raid in Canada
In 2012, the Royal Canadian Mounted Police seized more than $2.6 million US in one of the biggest cash seizures in the history of Canada.
Most Money Ever Lost In Poker Games
The police told the media that they had fished a suitcase full of the money out of the harbor near Vancouver Island. They also arrested a man from that island who was believed to have had the suitcase in his boat, and threw it in the water when he saw the police approach.
If you’re considering becoming a professional poker player or are just love watching pros win stacks of cash, let Daniel Negreanu give you a reality check.
The legendary poker pro wrote a year-end blog with his results from 2017, revealing he had won over $2.7 million last year. That seems like a ton of money, right?
Not quite, per Negreanu:
Well, the truth is, if a player plays the full high roller schedule and cashes for $2 million, they are all but certain to have had a losing year, and that’s before expenses.
I felt like I had a decent year in terms of results, but when you break down the numbers into an actual profit vs loss, I essentially broke even!
Buyins: $2,874,164
Payouts:$2,792,104
Profit: -$86,140
Crazy, right? His $2.7 million didn’t even cover all of his buy-ins into events. Although he said most players don’t fund everything by themselves, he does pay his own way into events despite sponsorship deals.
Negreanu also broke down how he did this year in terms of cashing out in tournaments: He said he played in 71 events and cashed out in JUST 21 OF THEM! The previous year he went 10-for-49 and 11-for-49 in 2015. Yet when he tallied up his five-year total, he went 68-for-291 and made an $8 million-plus profit.
What does all that mean? If you can stomach all the losses and balance them with occasionally cashing in, all while affording the expenses, you could be a pro.
Read the full post here.