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The Most Famous Poker Players Who Went Broke and Penniless
May 19th, 2017 by Fahad in

Poker is not for everyone. While it is a game of skill, there is an element of addiction in it. Perhaps the most important thing a professional gambler learns in his career is when to stop and walk out of the casino. But sometimes even professionals become victims of gambling addiction. In this article we’ll talk about the most famous players who fell from the limelight and went broke.

Most Famous Poker Players Who Went Broke and Penniless

Gavin Griffin

Gavin Griffin won the World Series of Poker (WSOP) bracelet in 2004. He was the youngest ever poker player at that time to win the bracelet.  In March 2007, Gavin Griffin won the title at European Poker Tour’s No Limit Hold’em (EPT) competition in Monte Carlo after beating a whopping 700 other players. Gavin donated almost all of his money to cancer research after his girlfriend Amy was diagnosed with breast cancer. Gavin has distanced himself from Poker. According to the data compiled by Mediarex Enterprises in 2016, Gavin ranks at 4,455th position in the list of Poker players in terms of money.

Stu Ungar

Ungar was one of the most famous professional Poker players who went broke. Stu became a victim of drug and gambling addiction. He was one of the two people in poker history to have won WSOP three times.  Stu started playing Poker in 1960s to support his mother and sister after his father died. Stu became famous quickly, winning $10,000 in different tournaments. Problems for Stu started when he started using Cocaine on the advice of some friends who told him to try the powder as they said it’d help him stay awake and fresh during marathon Poker sessions. The recreational use quickly became an addiction. Stu and his wife got divorced. Stu’s adopted son committed a suicide. During 1990 WSOP Main Event, Stu was found unconscious in his room because of drug overdose.

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Archie Karas

Archie is a Greek-American poker player and gambler. He is famous for the longest winning streak in Poker history. In 1992, he took a loan of $10,000 loan and turned it into $40 million by 1995. But as they say, winning streaks cause addiction, and additions make players go broke. In 1995, Archie lost all of his money within a few weeks. He lost $13 million playing dice. He then switched to baccarat and lost another $17 million. Archie then went to take a break in Greece. After a few months. When he came back, he went to Las Vegas again, only to lose the remaining $12 million.

Erick Lindgren

Lindgren is the winner of two World Poker Tour (WPT) titles and two World Series of Poker bracelets. Erick won his first tournament at the Bellagio in 2002.  The downfall of Erick started with the closure of Full Tilt Poker in 2011, which used to give him a monthly paycheck. He entered a rehab program to solve his problems of debt and gambling addiction. Full Tilt Poker claims that they’d paid Erick millions in debt, and Erick failed to pay back. Erick filed for bankruptcy in June 2015.

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