{"id":31071,"date":"2022-03-24T17:30:00","date_gmt":"2022-03-24T22:30:00","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=31071"},"modified":"2024-01-02T08:29:55","modified_gmt":"2024-01-02T14:29:55","slug":"10-poker-players-who-went-broke","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/10-poker-players-who-went-broke\/","title":{"rendered":"10 Poker Players Who Went Broke"},"content":{"rendered":"\n

Over the\ndecades, the great game of poker has made many poor people into millionaires\nwhile simultaneously costing others a big chunk of their wealth. <\/p>\n\n\n\n

While most\nstories are either those of success or failure, there are also those who made\nbig bucks in poker only to lose it all again and end up completely broke. <\/p>\n\n\n\n

Whether it was going on tilt<\/a>, playing too high stakes, or simply getting lucky to make the money in the first place, these are the stories of 10 poker players who lost all their fortune after winning it.<\/p>\n\n\n\n

10. Archie Karas<\/strong><\/h2>\n\n\n\n
\"Archie
Image: YouTube<\/em><\/figcaption><\/figure>\n\n\n\n

A living legend of the gambling world, Archie Karas<\/a> made and lost more money playing poker and other gambling games than most people see in their lifetime. <\/p>\n\n\n\n

After\nmultiple unsuccessful gambling stints in his youth, Karas came to Las Vegas in\n1992 with nothing but $50 in his pocket. <\/p>\n\n\n\n

Having\nquickly lost the $50 he had, Karas took a loan for $10,000 from a friend who\nwas also a gambler and just as quickly managed to turn it into $30,000. <\/p>\n\n\n\n

And from\nthere, he just kept going.<\/p>\n\n\n\n

Between\n1992 and 1995, Karas played poker for the highest stakes against anyone who\nwould take him on, doing extremely well at different poker games and crushing\nhis opponents. <\/p>\n\n\n\n

By 1995, he\nwas a legend in Vegas, having amassed around $40 million in winnings from his\ninitial $10,000 stake. <\/p>\n\n\n\n

However,\nthings would start going bad for “The Greek,” whose fortunes started\nto turn, mostly because he was no longer getting much action at the poker\ntables. <\/p>\n\n\n\n

As an action junkie he needed to play something, so he would hit the craps<\/a> and baccarat<\/a> tables and play for massive stakes. <\/p>\n\n\n\n

This is\nexactly where \u201cThe Run\u201d finished, as he experienced two monumental losses at\nthese games, giving back around $30 million of his total bankroll in just two\nnights. <\/p>\n\n\n\n

The massive\ndownswing ended very soon for him, and he was reported to be completely broke\nafter having been one of the biggest winners the city had seen up to that point\nin time. <\/p>\n\n\n\n

To this\nday, Archie Karas remains a fabled name in the gambling circles but also a\ncautionary tale of what gambling games can do to amazing poker players. <\/p>\n\n\n\n

9. Stu Ungar<\/strong><\/h2>\n\n\n\n
\"Stu
Image: Twitter\/mister_morgz<\/em><\/figcaption><\/figure>\n\n\n\n

Referred by most in his era as \u201cThe Kid,\u201d Stu Unger is likely one of the greatest poker players who ever lived. <\/p>\n\n\n\n

Coming up\nin the gambling world as a successful gin rummy player, Unger graduated to\npoker when all the rummy games had dried up for him. <\/p>\n\n\n\n

Unger had a\nphotographic memory, which made him exceptionally good at card games and gave\nhim a massive edge over players in the 80s and 90s, who were far from being as\nproficient at poker as they are these days. <\/p>\n\n\n\n

He became\nfamous when he won the WSOP Main Event in 1980 and was rumored to have won over\n$30 million playing cash games in his lifetime. <\/p>\n\n\n\n

Yet, as\nfeared as he was by his opponents at the tables, many took pity on him, as his\ncocaine addiction and compulsive gambling behavior prevented him becoming the\ntrue poker champion he was destined to be. <\/p>\n\n\n\n

Unger managed\nto come back to the WSOP in 1997 and once again proved his talent, but his\nvices eventually got the better of him. <\/p>\n\n\n\n

Despite his\nhuge wins at the poker tables, Unger was found dead in a cheap motel room in\n1998, apparently having overdosed on drugs and without any money or property to\nhis name. <\/p>\n\n\n\n

8. Brad Booth<\/strong><\/h2>\n\n\n\n
\"Brad
Image: YouTube<\/em><\/figcaption><\/figure>\n\n\n\n

A less\nfamous name than the likes of Karas or Unger, Booth is a somewhat more modern\npoker player some of you may have seen playing against the likes of Phil Ivey\non shows like High Stakes Poker<\/em>. <\/p>\n\n\n\n

Despite not\nbeing as famous as many other players of his generation, Booth was actually one\nof the best cash game players of the time and had won a lot of money playing\npoker. <\/p>\n\n\n\n

It\u2019s estimated that he won anywhere between $5-10 million in the early 2000s, only to lose it all during the Ultimate Bet Scandal<\/a>. <\/p>\n\n\n\n

Booth is\nbelieved to have lost millions in the scandal itself and dropped the rest of\nhis bankroll in high-stakes cash games he couldn\u2019t afford to play, after which\nhe was rumoured to be completely broke.<\/p>\n\n\n\n

The rumors\nare likely true given that he hasn\u2019t been seen playing much poker ever since. <\/p>\n\n\n\n

7. Erick Lindgren<\/strong><\/h2>\n\n\n\n
\"Erick
Image: Twitter\/WPT<\/em><\/figcaption><\/figure>\n\n\n\n

A part of the popular \u201cFull Tilt Pros\u201d crew that founded and maintained one of the most successful poker sites of all time, \u201cE-Dog\u201d was very young when poker was booming.<\/p>\n\n\n\n

Lindgren was\ndoing more than well for himself at the time, earning millions a year from his\nsponsorship and even more money from his poker wins.<\/p>\n\n\n\n

He was\ngreat at tournaments and cash games alike, winning WSOP and other titles and\nmaking a respectful name in the poker community. <\/p>\n\n\n\n

By 2012\nthough, things were no longer going so well for Lindgren, who was apparently\ngetting way too mixed up with sports betting and fantasy sports leagues. <\/p>\n\n\n\n

His sports\nbets were in the hundreds of thousands, and his debts finally came to the light\nof day when he was accused of owing $100,000 for a high-stakes fantasy sports\nleague. <\/p>\n\n\n\n

Since he\ncouldn\u2019t pay this or other debts, Lindgren ended up filing for bankruptcy. <\/p>\n\n\n\n

At the\ntime, he officially owed $12 million and possibly other debt that was off the\nbooks. <\/p>\n\n\n\n

He\u2019d also\nlost all of the profits and earnings he made as a Full Tilt Pro, meaning he was\nin for well over $20 million. <\/p>\n\n\n\n

6. Gavin Griffin<\/strong><\/h2>\n\n\n\n
\"Gavin
Image: Twitter\/WSOPMemories<\/em><\/figcaption><\/figure>\n\n\n\n

I go back from a big poker personality in Erick Lindgren to a more obscure name in Gavin Griffin, who was arguably one of the best tournament poker players of the early 2010s. <\/p>\n\n\n\n

Griffin\nburst into the poker scene in 2004 when he won a Pot Limit Texas Hold\u2019em\ntournament at the WSOP, becoming the youngest bracelet holder at the time. <\/p>\n\n\n\n

In 2011, he\nwon the Triple Crown, becoming the first ever to do so and earning a name in poker\nhistory books. <\/p>\n\n\n\n

Griffin had\na very bright future in poker ahead of him, with sponsorship deals and much\nmore on the table. <\/p>\n\n\n\n

Instead, he\nfell prey to the dangers of gambling, becoming an addict and wasting millions\nhe had won from poker to games of chance. <\/p>\n\n\n\n

Today, Griffin speaks openly about his gambling addiction<\/a> and how dangerous gambling games can be. <\/p>\n\n\n\n

His story\nserves as a cautionary tale to all young poker players who earn a fortune on\nwhat not to do with their hard-earned cash. <\/p>\n\n\n\n

5. David \u201cChino\u201d Rheem<\/strong><\/h2>\n\n\n\n
\"David
Image: World Poker Tour\/Flickr, CC BY-NC 2.0<\/em><\/figcaption><\/figure>\n\n\n\n

A winner of multiple WPT titles, the inaugural Epic Poker League event, and numerous other tournament accolades, David Rheem is one of the most proficient tournament players around. <\/p>\n\n\n\n

Yet,\ndespite winning over $11 million in tournament poker alone and still being an\nactive poker player, \u201cChino\u201d had issues with debt and was broke at multiple\npoints in his career. <\/p>\n\n\n\n

It\u2019s hard\nto say when exactly Rheem\u2019s problems began, but it would appear they were all\ndue to an addiction to games of chance and other vices such as drugs. <\/p>\n\n\n\n

By his own\nadmission, Rheem was a gambler and an addict who had little regard for money\nand was more than happy to take loans anywhere he could. <\/p>\n\n\n\n

This all\ncaught up with him at one point, when the poker community called him out on\nmany of his debts. <\/p>\n\n\n\n

When things\nstarted to surface, it became clear that not even the $1 million prize he won\nin an Epic Poker League tournament would be enough to get \u201cChino\u201d out of the\nhole he had dug for himself. <\/p>\n\n\n\n

While he\u2019s\nstill in action these days, it\u2019s unclear if he is being staked and potentially\nworking off a debt he amassed for himself over the years of living life to the\nfullest. <\/p>\n\n\n\n

4. Scotty Nguyen<\/strong><\/h2>\n\n\n\n
\"Scotty
Image: World Poker Tour\/Flickr, CC BY-NC 2.0<\/em><\/figcaption><\/figure>\n\n\n\n

Scotty Nguyen is one of the most colorful characters the poker world has ever seen. The WSOP champion and poker master has had a successful career and quite a few slumps along the way. <\/p>\n\n\n\n

Back in\n2014, Nguyen admitted in an interview that most of his poker winnings were\ndropped on gambling, women, and drugs. <\/p>\n\n\n\n

As he\ntestified, being famous means being introduced to many luxurious things that\ncome with a very high price tag. <\/p>\n\n\n\n

Never one\nto shy away from luxury, the self-proclaimed Prince of the poker world went\nbroke more than once in his career, reportedly having to borrow $5 to tip his\nvalet at some points. <\/p>\n\n\n\n

All that\nsaid, Nguyen remains a successful man today, and his days of going broke in the\ncasino pits are behind him. <\/p>\n\n\n\n

According\nto the champion, he has no regrets about any of it!<\/p>\n\n\n\n

3. Tom Dwan<\/strong><\/h2>\n\n\n\n
\"Tom
Image: YouTube<\/em><\/figcaption><\/figure>\n\n\n\n

Tom Dwan<\/a> is a true legend of the poker community. <\/p>\n\n\n\n

When he was just a teenager, Dwan beat virtually everyone at the online poker tables and amassed millions in winnings quickly at Full Tilt Poker<\/a>. <\/p>\n\n\n\n

His run\nwent on for quite a while, and despite losing some fairly significant amounts\nin online cash games at times, his screennames always remained in the green. <\/p>\n\n\n\n

That said, Dwan\nwas reported as being broke on multiple occasions throughout the years,\nalthough these reports were never fully confirmed. <\/p>\n\n\n\n

Today, Tom\nDwan is far from broke, as he regularly plays in some of the highest stakes\ncash games in the world and thrives there. <\/p>\n\n\n\n

He has\nrecently made new appearances on televised poker shows, playing a new and\nevolved style of poker and proving to the poker community that he still very\nmuch has what it takes to compete. <\/p>\n\n\n\n

2. Gus Hansen<\/strong><\/h2>\n\n\n\n
\"Gus
Image: Twitter\/GusHansen<\/em><\/figcaption><\/figure>\n\n\n\n

\u201cThe Great Dane\u201d is one of the most notorious losers in the online poker world. <\/p>\n\n\n\n

A live tournament poker champion, Gus Hansen<\/a> has amassed more tournament titles than most players of his generation. <\/p>\n\n\n\n

Even more\nimportantly, the Danish champion remains one of the most successful players in\nlive cash games, regularly playing in Bobby\u2019s Room and reportedly doing very\nwell. <\/p>\n\n\n\n

However,\nonline poker saw Gus Hansen completely waste away his fortunes. <\/p>\n\n\n\n

Overall, he\nhas lost more than $20 million in online poker, making him one of the biggest\nlosers in the game’s history. <\/p>\n\n\n\n

All that\nsaid, Hansen\u2019s negative balance at the online poker felt is now long behind\nhim, and the fact he went broke playing online poker once doesn\u2019t mean he\u2019s a\nbad player. <\/p>\n\n\n\n

In fact,\neven to this day, \u201cThe Great Dane\u201d remains one of the most feared high-stakes\ncash game players globally, especially when it comes to mixed games. <\/p>\n\n\n\n

1. Viktor Blom<\/strong><\/h2>\n\n\n\n
\"\"
Image: Twitter\/ViktorBlom<\/em><\/figcaption><\/figure>\n\n\n\n

Going under the username of \u201cIsildur1,\u201d Swedish poker player Viktor Blom<\/a> shocked the world in 2009 when he came out of nowhere and started playing the best poker players in the world<\/a> for massive stakes. <\/p>\n\n\n\n

Completely\nanonymous at the time, \u201cIsildur1\u201d built up his bankroll from scratch at Full\nTilt Poker and made hundreds of thousands playing lower stakes. <\/p>\n\n\n\n

He then\nchallenged living legends of the game such as Phil Ivey, Patrik Antonius, and\nTom Dwan to head up NLH and PLO games. <\/p>\n\n\n\n

He\u2019d often\nplay six or more heads-up games at the same time against these players, and the\nstakes were extremely high. <\/p>\n\n\n\n

On December\n8, 2009, Blom was up more than $2 million on his FTP account, and things were\nlooking very good for him. <\/p>\n\n\n\n

Just five\nhours later, though, he\u2019d lost $4.2 million to poker pro Brian Hastings, who had\nreportedly picked his game apart with some fellow pros and learned how to play\nnearly perfect against him. <\/p>\n\n\n\n

In\nretrospect, Blom was probably just running very hot for days and hit a rough\npatch against Hastings, who was also well-prepared for the match. <\/p>\n\n\n\n

Despite\ngoing broke on that occasion, he continued his poker career with plenty of\nsuccess, winning money both live and online for years to come. <\/p>\n\n\n\n

Yet, the\ntale of \u201cIsildur1\u201d warns young players who do well not to get too cocky and\nplay beyond their bankroll – and against players of high caliber – without\ncaution. <\/p>\n\n\n\n

Lead image: World Poker Tour\/Flickr, CC BY-NC 2.0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Over the decades, the great game of poker has made many poor people into millionaires while simultaneously costing others a …<\/p>\n","protected":false},"author":49,"featured_media":31060,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[],"acf":[],"yoast_head":"\n10 Poker Players Who Went Broke \u2013 Poker Players Who Lost Everything<\/title>\n<meta name=\"description\" content=\"Whether it was going on tilt, playing too high stakes or something else, discover 10 poker players who lost their fortune after winning it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/blog\/10-poker-players-who-went-broke\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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