Imagine having hundreds of millions of dollars in your bank account, maybe even a billion.

Try to think about how you'd even go about spending that much money. Would you

put it all into real estate, designer handbags, comic books, and Pokemon cards? Or maybe you're just a

really good person and you would donate it all to charity. It's a fun thought exercise, as long as you

never calculate the odds of actually getting

your hands on such an amount of cash.

Trust me, it will make you very depressed.

Very few people are ever given access to that kind of wealth, and even fewer, manage to

spend it all.

But some have.

For example, back in the 1970s, Terence Watanabe inherited the Oriental Trading Company.

And then, 25 years ago, he sold his shares.

Suddenly, he was worth an obscene amount of money, and he knew exactly how he wanted to spend

it all.

He was going to blow it all in Vegas.

You see, he had a bit of a gambling problem.

And not only that, he wasn't very good at it

either. Like, at all, he is known for having one of the worst losing streaks in Vegas history,

and in 2007, his wallet alone was responsible for 20% of one casino's annual revenue. Within just a

couple of years, he lost over $200 million.

In fact, he lost so much of his net worth that in 2017, he had to start a go-fundme

to pay for his own cancer treatment. It's the ultimate cautionary tale before you place a bet.

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