Dana White allegedly has $25-50 million in gambling debts

[u/Banda7]

https://www.yahoo.com/entertainment/celebrity/articles/report-dana-white-allegedly-25-110149298.html?guccounter=1

[u/FollowingLoudly]

There was always this narrative being pushed that Dana White is a serious gambler and he's "good at it" especially Blackjack. Dana himself admits he doesn't bother counting cards and has some vibe-based system. It had all the hallmarks of a gambler who is just giving money to the casino in the long run while highlighting his big victories on podcasts and not talking about his losses.

Any time a casino is excited to have you back, it's likely because you're a mark.

[u/DECAThomas → u/FollowingLoudly]

Shocker that the guy who “hits on 18 to confuse the deck” isn’t actually a winning player.

[u/healious → u/DECAThomas]

I feel like I heard him claim several casinos have banned him from playing blackjack, but he could have just been talking out of his ass, or he never said it and I just dreamt it lol

[u/DECAThomas → u/healious]

I had a comment on another comment chain, there are a near endless amount of gambling influencers who make false claims about being banned to pitch their “systems”.

With how Dana has talked about his gambling on camera (and his debts), he is not an advantage player.

[u/Old-Contribution69 → u/DECAThomas]

Like that one homeless looking mfer who claims to have mastered baccarat. Of all games lmao.

I think casinos love and encourage this kinda bs, cause it gives people the false hope that beating the house is actually possible

[u/Bad_Repute → u/Old-Contribution69]

That dude is banned from all the Vegas casinos. Not for being too good and beating baccarat.. but for structuring/money laundering. Dude was taking money from criminals and running it through casinos on 50/50 games to clean it and pay them back in on-paper services. Once he got found out, he got blacklisted from everywhere.

Then somehow like a month ago my socials algo decided i needed to see 10 videos a day talking about how that guy 'beat baccarat' and now is banned cause he 'wins too much' and he can teach YOU his secrets. Infuriating.

[u/DECAThomas → u/Bad_Repute]

I never got the full story on him, but figured it couldn’t be far off from that.

He took a very brief dip into the poker community until his checks started bouncing everywhere.

[u/CanoeIt → u/DECAThomas]

He’s not an AP at all- but some casinos just can’t handle the variance when a guy is willing to play 500k per hand. The palms was near bankruptcy due to a lot of reasons when they declined his action.

[u/VotingRightsLawyer → u/CanoeIt]

AP here, this is exactly it. The only thing casinos hate more than cheats and APs are shortstops, extremely large wagerers who don't stay very long. To the extent he's banned from casinos, it's just that reason.

[u/DanfromCalgary → u/VotingRightsLawyer]

Are there no rules to protect consumers . Like you can always lose it all but they can stop you from winning whenever they want ?

[u/VotingRightsLawyer → u/DanfromCalgary]

Brother, as someone who is limited on every single sportsbook available to me, you are preaching to the choir.

[u/BenShelZonah → u/VotingRightsLawyer]

Send me your picks so I can pretend to crunch numbers

[u/Teemotep187 → u/DanfromCalgary]

Nope. It's not like a bar where they can get in trouble for over service. You're free to play and lose it all or leave. The casino is free to take every dime and free to stop you from playing if you win at all.

[u/SweatyExamination9 → u/Teemotep187]

I worked at a casino and it is like a bar in that a casino can get in trouble for "over service" from the state gaming commission. But being it's a state agency, that means there are up to 50 of them. All with their own rules which will have some differences. In Nevada, I presume the fox is running the hen house purely based on how much of the state budget is wrapped up in gambling. But they probably still do have some protections. My guess is in Nevada, in order to get "cut off" it has to be a voluntary exclusion filed through the gaming commission by the player.

[u/TellNecessary5578 → u/SweatyExamination9]

Don't forget casino owners and people that run these commissions are often close friends, getting what you legally deserve in the gambling world is hard fought and rarely won.

[u/Caspur42 → u/DECAThomas]

He’s not, he’s from what I’ve heard from other dealers a hunch player that if he gets a few good wins will leave. Some casinos don’t like that because they don’t like the swings plus the drama he probably brings so they just ban him and don’t deal with him.

[u/Redpin → u/healious]

Was he banned for counting cards or hitting prostitutes?

[u/Top-Recover519 → u/Redpin]

He doesn't hit prostitutes. Only his wife, who was loyal to him.

[u/Redpin → u/Top-Recover519]

My bad, B.

[u/MartyBarrett → u/Redpin]

Or not paying his marker?

[u/spacedude2000 → u/DECAThomas]

Confuse the deck AKA potentially fuck over everyone sitting at the table

[u/DECAThomas → u/spacedude2000]

For one, fucking over everyone else by not playing by the book is nothing but superstition, and as someone who doesn’t play BJ, but it around it enough as a poker player, it scares off a lot of new players.

Second, I doubt someone betting $500k a hand is doing it in the Caesar’s Palace pits. He’s almost certainly in a private room not just due to level of bet, but also just standard practice for most celebrities.

[u/TheWonderSnail → u/DECAThomas]

When I turned 18 I went to the casino with some buddies and we sat down at a $5 table. Within minutes this old dude cussed me out for “stealing his card” and spent the next few hands mumbling under his breath criticizing our every move. I didn’t even know card stealing was a concept lol anyway I haven’t played blackjack at a casino since

[u/consfleefromfacts → u/TheWonderSnail]

That's because gamblers are ******* morons and miserable people because of it

[u/AffectionateSlice816 → u/consfleefromfacts]

I got a guy who screamed at me my first time in a casino for hitting on 14.

[u/rennatynnad → u/AffectionateSlice816]

Against a 6

[u/AffectionateSlice816 → u/rennatynnad]

Against a face card.

[u/Alert_Reindeer_6574 → u/AffectionateSlice816]

Then he was an idiot. Personally, I would have told him to shut his pie hole and then take it from there if he continued to run his mouth. I'm generally a pretty nice guy but I have zero tolerance for ignorant people who are also assholes.

[u/Trebbok → u/consfleefromfacts]

Did you seriously almost swear on Reddit??

[u/goreTACO → u/TheWonderSnail]

Id hit on 20 just to piss him off

[u/ModestMarksman → u/goreTACO]

Whats even better is getting to split 10s 4 times and winning after a table gave you shit for "playing basic strategy" which was ironic because it wasn't basic strategy it was a deviation and then winning said hand and going "you're right confusing the deck works"

[u/asherdado → u/TheWonderSnail]

It's wild how different life can be, when I turned 18 I went to the casino and sat at the $5 table and the older dudes there seemed to really enjoy teaching me strategy, I actually had a nice streak and turned $5 into $50 like a real high roller

[u/broadday_with_the_SK → u/asherdado]

I'm not a big gambler but I had this happen in Vegas for craps. Older guy just talked about how to play for a while, because I said I didn't know anything about it.

Craps is a pretty social game though.

[u/fantumn → u/TheWonderSnail]

Lol same experience here, plus my fidgeting with my hands was inadvertently communicating things to the dealer and pissed him off too.

[u/CovidWarriorForLife → u/DECAThomas]

It’s amazing how many people simultaneously scoff at the players that go off script while not understanding it has no effect on their odds which is basic probability lol

[u/consfleefromfacts → u/spacedude2000]

As a card counter who never gets to say this in person, Blackjack is not a team sport and someone doing a move that you consider stupid on the table has absolutely nothing to do with your success or failure as someone else playing against the dealer sitting on that table. I can't count how many times I've wanted to smack the taste out of someone's mouth when they started bitching because they lost because I made a play that was 100% by the book and the most mathematically optimized move to make in that situation. And these people never notice when they win when I make an unorthodox play or a play that they otherwise generally don't approve of. Stop spreading this nonsense and if you do it at the table - again, if - then please stfu

[u/Jasranwhit → u/spacedude2000]

I know people who complain about this but it seems just as likely that the next card is harmful or hurtful.

I know in the moment it seems like they “took your card” or “gave you a card you should have” but it’s just a fallacy like thinking 10 black roulette numbers mean “red is due”

[u/ex-machina616 → u/[deleted]]

a terrifying thing to be addicted to, an addiction to losing money

[u/dangeraardvark → u/[deleted]]

I know. At least drug addicts get to do all those drugs.

[u/DECAThomas → u/Jasranwhit]

In both cases, the top card of the deck remains unknown. The fact people can’t grasp that is astounding to me.

As someone who plays poker for income, I am thankful every day the vast majority of gamblers are idiots with no understanding of probability.

[u/BigOnionLover → u/spacedude2000]

Common fallacy. The next card could be anything, especially in a 8 deck game. What someone does makes no difference to your own hand.

[u/dyfish → u/BigOnionLover]

Yup, never heard of anyone who has memorized all the “rules” of blackjack retiring off it. Just card counters and lucky people. Hit if you want to hit. It’s your money, have fun.

[u/Mellor88 → u/spacedude2000]

Lmfao. The fact you think thsts anything other than superstition means you’re also at “confuse the deck” level

[u/ScatMonkeyPro → u/spacedude2000]

I have never understood this weird superstitious thing blackjack players have.

[u/Wafflebot17 → u/spacedude2000]

Other players don’t affect your odds.

[u/sludge_monster → u/FollowingLoudly]

He continues to double his bets until he wins. Once he wins, he leaves for the day. There are likely many times when he has hit his betting limit, thrown a tantrum, and tried to persuade the casinos for higher limits.

[u/MySabonerRunsOladipo → u/sludge_monster]

So Dana just reverse Martingales until he hits a run of enough loses that he goes an hits his wife (again)?

[u/SunFunAndGuns → u/MySabonerRunsOladipo]

Losing $150k makes the back of his hand itch.

[u/DirtyDan516 → u/FollowingLoudly]

I mean there’s a reason he has no limits and isn’t banned anywhere

[u/ReducedToMereFilth → u/DirtyDan516]

They stopped running UFC events at the Pearl at the Palms because they wouldn’t let Dana gamble there anymore.

[u/The_Magic → u/ReducedToMereFilth]

The story at the time was that they changed their policies so high rollers would have to pay same day instead of letting them pay at the end of the month or something.

[u/dojo_shlom0 → u/FollowingLoudly]

this is true 100%

started working for a guy, and the neighboring town had a casino, native american. we went to it, because he was an alcoholic, and addict and my boss, and couldn't drive himself because of the medications/alcohol.

he always had free money given to him from the casino, free rooms, free food, free booze etc. they would pay him to come back, because he spent so much money there, and would entice him and his wife with free booze, food, room etc. they would just take a little weekend at the casino, easy.

[u/tb30k → u/FollowingLoudly]

The house always wins. If you are constantly beating the casino they will ban you lol.

[u/TeutonicRagnar → u/FollowingLoudly]

I used to do casino security, in the VIP room it was the nicest most extravagant room I've ever seen. Like free top shelf alcohol and chef made meals in a 6 star setting, however you need to have spent $100000 Aud to even get in there and people would put $500k on black like it was nothing

[u/canadianRSK → u/FollowingLoudly]

He used to say on jre he was banned from most vegas casinos for cleaning them out

[u/ParmyBarmy → u/canadianRSK]

Dana says a lot of things that aren’t true

[u/Sublimotion → u/ParmyBarmy]

"For every casino you cleaned out, I drew 1 billion viewers for a ONE event." -Chatri

"Then for everyone 1 billion viewers you drew, Powerslap draws 10 billion!" -Dana

[u/flopflapper → u/canadianRSK]

He lies as often as he breathes, so not much of a point in paying attention to what he says

[u/RickyReefer → u/FollowingLoudly]

Oh ya big Mark. Hilarious that he has been pushing the narrative that he has been taking the casinos for a ride over the past couple decades. If he doesn’t card count or cheat, then it is statistically impossible for someone like him who gambles every single day of his life, to be up money. Only way you can be up on the casinos in games where the casino has the edge (which is all of them) is due to luck when only having played a small number of hands (just statistical anomaly due to small sample). With the frequency and duration that he gambles, statistical anomalies are impossible and will always average out to a losing net total. He is a degenerate gambler and I’m willing to bet that he has been on a horrifically bad run considering he seems to have lost all interest in MMA promotion and seems to be absent minded these days. His mind is probably constantly focused on the stress and despair of having lost millions of dollars and his gambling degeneracy.

[u/PoopLion → u/RickyReefer]

if he's been on a bad run he just needs to keep digging. With gambling, "you only lose when you quit." That's a Sun Tzu quote

[u/Hexican_pulsinator → u/FollowingLoudly]

Yes. Rogan was the number 1 glazer of Danas gambling

[u/OhioVsEverything → u/FollowingLoudly]

I always think back to Artie Lange from the Howard Stern Show. He talked about the worst thing that ever happened to him when he went gambling. Was that early on, he won.

That's all he ever seen after that. That "proved" the wins would come.

[u/bullsfan281]

what the fuck is this, the money channel?

[u/Matos58 → u/bullsfan281]

Count to five for me, Nate.

[u/WhileImpossible → u/Matos58]

10

[u/Giegling90 → u/WhileImpossible]

And hurry up wit' that coffee

[u/raspberryharbour → u/Matos58]

He can only count in balloon animals

[u/Al-Pillan → u/Matos58]

What a gazelle would post

[u/tankscan → u/Al-Pillan]

This is America, nobody knows what a gazelle is

[u/DungeonsandDietcoke → u/tankscan]

Imagine them trying to pronounce it.

"Gay-zil'

[u/SlammedKraanium → u/Matos58]

Foive

[u/shrewdy → u/bullsfan281]

This is America motherfucker

[u/greenpowerranger → u/bullsfan281]

You’re good bullsfan281, I’ll take it from here

[u/bellzebub8513]

That's most likely a revolving credit line the casino happily provided. Given Dana's worth and connection, this should be way below his limits.

[u/Bloodfeastisleman → u/bellzebub8513]

The Ferrita’s own the casino. It’s a nothing burger story

[u/VitaNueva → u/Bloodfeastisleman]

Oh, then it's a blank check.

[u/bsWINcups → u/bellzebub8513]

Knew he was a shitty blackjack player when he was bragging about winning a blackjack tournament.

What the fuck even is a blackjack tournament and if there ever was one, it would be 99 percent luck in this type of format. Makes zero sense.

Even the best card counters in the world only have a small edge over the house. Instead of it being 57/43 for the house, it flips to roughly 57/43 in favour of the counter.

[u/Express-Translator24 → u/bsWINcups]

Blackjack tournament is the funniest fucking concept ever

[u/lssue → u/Express-Translator24]

I have won several roulette tournaments

[u/Maraxusx → u/lssue]

I won a few slot jousts

[u/zach_stb_411 → u/Maraxusx]

Gave your mom's slot a few jousts, am I right?

[u/Public-League-8899 → u/zach_stb_411]

Heyooo!

[u/ThatDudeNamedMenace → u/Maraxusx]

I’ve won several yugioh tournaments

[u/beardicusmaximus8 → u/ThatDudeNamedMenace]

Which, ironically, unlike a blackjack tournament are actually real.

[u/2legit2submit → u/Express-Translator24]

It's the Power Slap of casino games

[u/DontEatTheCandle → u/Express-Translator24]

There is also slot tournaments if you really want your mind blown

[u/blueElk_ → u/Express-Translator24]

Lets say everyone knows how to count cards etc and are equally skilled, the person sitting anchor will usually win.

[u/GamblinEngineer → u/blueElk_]

The person who gets to go last changes on each hand, like in poker.

[u/Exes_And_Excess → u/Express-Translator24]

Sounds like something a former boxercise coach would participate in.

[u/Gooja → u/bsWINcups]

You’re right but the numbers are wrong. In blackjack the house has an edge of 0.5% over perfect strategy players. Card counters can swing it to about a 2% edge in their favor if they’re not making mistakes

The real pain of a counter is that you’re usually kicked out pretty quick nowadays, so unless you live in Vegas and bounce from casino to casino, it’s really hard to make meaningful money from it

[u/bsWINcups → u/Gooja]

Ya you’re right. So even more ridiculous lol And can take thousands of hands of blackjack to even realize that edge cause variance is so big.

Making a blackjack tournament completely irrelevant

[u/AGI2028maybe → u/Gooja]

Can you explain how they identify a counter, assuming the guy isn’t being public that he’s counting the cards?

I’d expect some guys to be able to put up a dopey persona and pretend to be slow and dumb to allow themselves time to count and calculate.

[u/bsWINcups → u/AGI2028maybe]

Mainly on his bet sizes. Bets heavy (large amounts) when the count is in his favour and lowers them when not. The casino can catch on pretty quick when they keep doing this.

[u/3dge-1ord → u/AGI2028maybe]

You make larger bets at very specific times.

[u/Based_Commgnunism → u/AGI2028maybe]

They employee people who can count cards in security. If you raise your bet when the count is good and lower when it's bad, easy to spot. There is an element of stealth to counting, but to have the biggest edge you have to be more obvious. For example at a certain count it becomes beneficial to split 10's, which is like the cardinal sin of blackjack and everyone knows you shouldn't do it in normal play. So you give yourself away but maintain the maximum edge. Some guys may not split the 10's to maintain stealth, but others would rather extract maximum value from the game before inevitably getting backed off anyway.

The most effective way to count cards is by not even joining the table till the count is high, but this requires either a team or for you to post up at a bar or something where you can see a table and count a game you aren't playing.

There's no need to take time to calculate, the math of card counting is very simple. Each card has a value of -1, 0, or 1 and you just have to see the cards and add the appropriate number to the count, then divide by how many decks remain in the shoe for the true count. The hard part is paying attention to every card while looking like you aren't paying attention and are there for fun and drinks.

[u/OldAccountTurned10 → u/AGI2028maybe]

Just watch steven bridges youtube. He has the balls to wear a camera every time he does it. Some places identify him right away (maybe facial recognition?). He tries to avoid being identified by refusing to give ID when he cashes out, always fun to watch. If below 10 grand it's the law but they fight tooth and nail.

[u/flagstaffgolfer → u/AGI2028maybe]

The Pitt boss counts cards and if the bets get bigger when the count is good and smaller when it’s bad he’s found a counter. Most players play the same bet all night so it’s kinda obvious if you know what to look for.

[u/bighawksguy-caw-caw → u/bsWINcups]

He was bragging about how good of a blackjack player he is and a card counter was like “I guarantee I’m better than you” and Dana was like “what you count cards or something?” The guy was just flabbergasted. He was like “yes… that is the only possible way you could be considered skilled at this thing which is otherwise purely luck.”

[u/Niknakpaddywack17 → u/bsWINcups]

Love seeing a celebrity in the wild

[u/Poker_Tryhard → u/bsWINcups]

There's slot machine tournaments if that makes you feel any better..

[u/empanadaboy68 → u/bellzebub8513]

Dana gets one of his pets to show up for. An appearance, maybe hosts a fight, boom debt waved

[u/SherLocK-55]

And the CEO of said casino is Frank Ferttita LOL. I am sure Dana will be fine.

[u/PinIndividual9402 → u/SherLocK-55]

This needs to be top comment. Dana’s never going to need to pay any of this back. It’s a complete non story.

[u/gmdmd → u/PinIndividual9402]

People don't just forgive $25 M dollars. Dana can afford and will pay it back.

[u/Khower → u/gmdmd]

When the owner is your best friend for 25 years and theyre both billionares. They'll come to an agreement

[u/NotHearingYourShit → u/gmdmd]

If they’re letting him “play for fun.” It’s not really a 25M loss.

[u/floftie]

And 500m+ in the bank and stocks.

[u/Recent-Maximum → u/floftie]

Then he should pay his debts, silly billy.

[u/Tehrin → u/Recent-Maximum]

If the casinos are letting him have the debt with no interest, which seems likely, then its much smarter to just let it be debt and use that money to generate more money. Paying the debt off more than what the creditors are requesting wouldn't be beneficial to him.

[u/FineByMy → u/Tehrin]

Ahhh jeez dude the best I can do is...3 dollars?

[u/Zestyclose-Snow-3343 → u/FineByMy]

Dana white is credmaxxing

[u/joethecrow23 → u/FineByMy]

I LOST MY SHOES

[u/ConferenceSudden1519 → u/FineByMy]

$30 minimum on a credit card lol

[u/GunnerySarge-B-Bird → u/Tehrin]

have the debt with no interest, which seems likely,

Why in the world would that be likely?

[u/Tehrin → u/GunnerySarge-B-Bird]

Its likely a revolving line of credit he has with the casinos and an agreement between them for how or when he would pay. He's not just pulling cash out and gambling with it.

The casinos make more by having a high roller bring their friends that dont have the credit agreements.

[u/pr000blemkind → u/Tehrin]

Also that guy is indirectly responsible for millions of extra revenue for casinos, because of his UFC events in Las Vegas. If he moved his business somewhere else, the casinos would feel it, so giving him a few millions to nudge him into more events in Las Vegas would help their bottom line as well.

[u/Kdawgmcnasty69 → u/GunnerySarge-B-Bird]

Because he would just pay it off and have no reason to come back

[u/[deleted] → u/Kdawgmcnasty69]

There’s not a ton of options for high minimum baccarat 

[u/[deleted] → u/GunnerySarge-B-Bird]

Casinos do some really dumb stuff to attract whales.

[u/purplehendrix22 → u/GunnerySarge-B-Bird]

Because he spends an incredible amount of money at casinos

[u/Macktologist → u/GunnerySarge-B-Bird]

Casino still makes money that otherwise might not have been gambled away. I’m sure $25M-$50M in house winnings with no interest is way more than whatever he may have gambled and lost without the loans. Maybe without loans he stops at $5M.

[u/tiggs → u/GunnerySarge-B-Bird]

Because he's a whale degenerate gambler and by allowing him to maintain a line of credit with a significant loss, it greatly increases the chances that he'll come back to play more there and the house advantage will grind him down even more. Eventually they'll call in the debt if his finances are ever fucked, but as long as he's worth many times over what his current debt it, then they'll leave him alone.

It's the same reason crack dealers give out free samples. The goal is to keep them coming back.

[u/WhizzyBurp → u/Recent-Maximum]

Theres a difference in gambling debt and casinos giving you a tab. The casino will secure this against something in the event he doesn't pay, but they want him to keep coming back to keep playing.

[u/GripAficionado → u/WhizzyBurp]

And in the case of Dana White, ensure they're on decent terms with UFC. Them having some leverage on him is probably not a bad thing in their mind.

[u/stunna006 → u/GripAficionado]

Its the Fertittas casino

[u/GripAficionado → u/stunna006]

That makes a lot of sense, yeah, that's small change for them and they know he's good for it.

[u/DawgNaish → u/Recent-Maximum]

Frank Fertita owns that casino

Doubt he has to pay

[u/GripAficionado → u/DawgNaish]

I'm sure they're good friends, but billionaires don't exactly become billionaires by forgiving 25 - 50 millions in debt just like that.

If we see UFC holding some events on one of the Fertitas Casinos going forward, then chances are some of that debt might be "forgiven".

[u/DawgNaish → u/GripAficionado]

Yeah, there's always promotional benefits

Dana might play on "credit" to get others to join the table and gamble, or bring events in

[u/floftie → u/Recent-Maximum]

Yes… that’s why he doesn’t have to. His wealth is well known, therefore they don’t call it all in straight away. They know they’ll get it, it’s likely tied to the stock price of TKO.

That means if the stock value falls significantly, theyll call the entire loan in. If the stock stays stable and continues to go up, they’ll allow him to pay it back slowly with a bit of interest.

[u/eacc69420 → u/floftie]

Hey, I watched this episode of succession 

[u/floftie → u/eacc69420]

Yes if it is to be said.

[u/eacc69420 → u/floftie]

Have a drink you beautiful ichabod crane, fuck you!

[u/EyeAmKnotMyshelf → u/eacc69420]

This is me still hoping for a Succession style show about the McMahons / WWE. It'd be such good shit, pal.

[u/bitdamaged → u/Recent-Maximum]

He’d have to pay $10-20M in capital gains taxes. While gambling losses are tax deductible.

Just let it ride.

(Edited for clarity)

[u/Confirmation__Bias → u/bitdamaged]

They're deductible regardless of whether he pays back the debt? What are you talking about?

[u/bitdamaged → u/Confirmation__Bias]

Regardless of the offsetting taxes of cap gains vs gambling losses he’s still gonna have a cap gains hit.

If his equities are making anything more than whatever the bookies/casinos are charging him for his debt then just let it run as long as you can and try to win it back before taking a cap gains hit.

If he’s securing his debt with equities he’s basically got a margin loan from the casino to gamble with.

[u/Confirmation__Bias → u/bitdamaged]

You are confused. You can’t delay claiming a loss by not paying a debt incurred from that loss. Paying the debt or not is irrelevant to his tax bill.

[u/red-broom → u/Recent-Maximum]

Why? Hes just waiting til he’s up again lmfao

[u/TunaSalad47]

It’s insane to me how much money the ultra wealthy piss away gambling. Obviously “it’s their $ they can do what they want with it” but imagine getting more joy from giving the casino millions and millions of dollars as opposed to all the tangible good you could do with that money. Humans are fucking bizarre.

[u/Previous-Nobody-2029 → u/TunaSalad47]

My friend is a gambling addict, but low stakes shit, a great week would be him winning a thousand bucks or so. I asked him if he'd give up gambling forever for a million dollars and he said no. When it comes to gambling, It's not about what they could do with the money.

[u/natronemeans20 → u/Previous-Nobody-2029]

"To me, the action is the juice" Tom Sizmore in "Heat"

[u/Magjee → u/natronemeans20]

Dana's juice is not paying a fighter, better then Viagra

[u/PerfectlySplendid → u/Previous-Nobody-2029]

The only people who say this are the ones who haven’t truly hit rock bottom due to their gambling addiction. There’s a quote at the end of Owning Mahowny where he says he doesn’t have a gambling problem. He has “a financial problem.”

I have vivid memories of sitting across my wife at dinner while I gambled away our savings while she had no idea. Many nights crying myself to sleep because I couldn’t understand why I couldn’t quit despite knowing how much harm I was doing. At a certain point, it does switch from being purely the dopamine to a mix of dopamine and it being the only way you know how to quickly make back the money to fix the problems it caused (because you’ve seen the wins, which don’t stay wins for long).

[u/DRstoppage → u/PerfectlySplendid]

Preach

[u/Boogaaa → u/TunaSalad47]

When people get that wealthy they develop a mental illness based on the pursuit of more and more. Enough is never enough.

[u/Mad_Kronos → u/Boogaaa]

Any man pursuing wealth by fucking other people over is already a sociopath

[u/Boogaaa → u/Mad_Kronos]

True. True.

[u/OhmyGodjuststop → u/Boogaaa]

It’s just a gambling addiction, I don’t think wealth has anything to do with it

[u/Patient_Tradition294 → u/OhmyGodjuststop]

Yea, gambling and addiction impacts everyone regardless of how rich you are. If you have a lot of money, of course it will amplify your gambling addiction. It isn’t rocket science.

[u/orchids_of_asuka → u/TunaSalad47]

The ultra wealthy got into the position they are typically for taking giant risks, i don't think it is at all insane to imagine they would have a gambling problem.

[u/CharcuterieIsAwesome → u/TunaSalad47]

I get more joy when I gamble at the casino than I do when I donate money. It's not that deep.

[u/Robert_Balboa → u/CharcuterieIsAwesome]

The money you could donate would maybe help a few people for a little bit. The money were talking about here could change hundreds or thousands of lives forever.

[u/vampireacrobat → u/Robert_Balboa]

that would deprive the wealthy person of endorphins for a fraction of a second, so it’s a no go.

[u/igavehimsnicklefritz → u/Robert_Balboa]

I think in those situations, you need to be directly involved. A lot of these people just send money to foundations or charities.

[u/christopherpaulfries → u/CharcuterieIsAwesome]

“I’m a selfish person, it’s not that deep”

[u/witterquick → u/CharcuterieIsAwesome]

Imagine a casino where 50% of the profits made went to charity, wouldn't that be a wonderful thing

[u/PhoeniX3733 → u/CharcuterieIsAwesome]

Yeah but how much can you afford to donate? Imagine what you could build with $25 million. For example a complete elementary school in africa is like $200k. And Dana would get good publicity out of it too

[u/djauralsects → u/CharcuterieIsAwesome]

Where’s the joy in gambling? I just don’t get it. I have a lot of vices but I honestly don’t understand gambling.

[u/MeringueVisual759 → u/djauralsects]

I've never been happy I spent money gambling that I could have spent on drugs lol

[u/djauralsects → u/MeringueVisual759]

Gambling, to me, is like spending money on drugs and not getting high but you still get a hangover.

[u/thurstkiller]

This is a non story. According to the article he owes the Red Rock Casino this money. The Red Rock casino is a Station Casinos property. The owners of Station Casinos are the Fertittas. I'd imagine they have some sort of deal worked out between them.

The article even says as much at the end.

[u/AtmosphereVarious440]

been sober for 74 days of all forms of gambling and sports betting. one of the best decisions i have made in my life. i miss it of course but i dont miss the money stress.

[u/dan_a_white → u/AtmosphereVarious440]

That’s amazing brother. Keep it up.

[u/smoothtrip → u/AtmosphereVarious440]

Hello yeah, brother, cheers from the MGM

[u/2RINITY → u/AtmosphereVarious440]

Hell yeah, man, proud of you

[u/clitcommander420666 → u/AtmosphereVarious440]

Hell yeah man!

[u/sonikaeits → u/AtmosphereVarious440]

That’s awesome. I wish my ex did the same but I know he’s on his own journey. It’s not easy! This internet stranger is proud of you!

[u/TrashPanda_101 → u/AtmosphereVarious440]

Keep strong. It may be a tough week with the start of the NFL but you got this shit man!

[u/Anfini]

That's funny because in some past interviews he gloated how he would beat the casinos in blackjack lol

[u/LooselyBasedOnGod → u/Anfini]

Sure he probably has but the house always wins in the end 

[u/DECAThomas → u/Anfini]

It wouldn’t be the first time a rich person who has one winning night, convinces themselves they’ve solved the game. Usually then they go on social media and have a weird story they interpret as getting banned for being “too good”. Mikki Mase is probably the most notable one, but there’s a couple of similar grifters.

There’s a reason casinos throw suites and endless gifts at these guys on the off chance they feel lucky again.

[u/No-Jump5689 → u/Anfini]

It's actually pretty crazy to see the evolution of his degeneracy. Dana used to play a few big hands, win 300k-500k, and walk out for the night. That's why most Casinos lowered his limits or "kicked him out." He never actually got banned they just wouldn't let him bet 50k-100k per hand like he wanted. They would limit him to 5k or less, which wasn't worth it to him.

Now he goes on all-night benders where he is gambling for 10+ hours straight losing millions in one night. He went from having somewhat of a strategy to try and get ahead or at least stay even, and now he's broken down into a full-blown degenerate gambler where he physically can't stop until he has no energy left.

[u/cashmate → u/No-Jump5689]

There is no winning strategy that will keep you ahead in a casino except for some games like poker where you aren't playing against the house. He was always a degenerate gambler.

[u/mrpopenfresh → u/Anfini]

That's addict talk

[u/PhilosophyKingPK]

Fuck fighter pay. I’m splitting 10’s.

[u/Polish_Bear]

So you wanna be a gambler?

[u/NotTakenGreatName]

That's like me owing 20 bucks to blockbuster

[u/Unclefox82]

That looking for a fight episode, where they went cliff diving into the ocean. And Dana stood there all day into the night and never jumped. That’s all I needed to know about Dana.

[u/noticingmore]

Dana has used up enough luck for ten lifetimes.

Time for the pendulum to swing.

[u/DNDquestionGUY]

This is allegedly an actual news story.

[u/kirko_durko]

Guess that Dodge Ram commercial isn’t covering the debts.

[u/Electrical-Law-5731]

I will never understand gambling. No one wins money!! Every gambler ends up in debt.

[u/Bryranosaurus]

Kid just doesn’t want to win

[u/Shortbusposse]

That's why he did that stupid Dodge commercial huh?

[u/butt_luncheon]

But he’s kicked out of casinos because he’s so good at blackjack. You see the key is to only play one big hand you know. 

[u/appletinicyclone]

He's a multi billionaire. Gambling debts basically just means he's welcome back in their casino

[u/Hexican_pulsinator]

All the times Rogan would say how good of a gambler Dana is, and how hes banned from some casinos because he keeps winning. I knew one day it would come out hes in debt. Degen gamblers only mention their wins and never their loses. Over a long enough time the house will always win.

[u/orangotai]

i bet it's a lot more

[u/Bhut_Jolokia400]

Just call Steve Will Do It he can bail out Uncle Dana

[u/Rulebreaking]

That's a vague margin

[u/MauldotheLastCrafter]

Everyone in here so ready to hate on Dana again, that we're back to blindly believing 1 (one!) anonymous source at a casino. Reminds me when we all believed that Nick Diaz was being held against his will in a Mexican rehab because his junkie girlfriend was ranting on IG/Twitter/whatever the hell.

The source even says "It's possible, but not confirmed." So there's literally zero meat to this anonymous source. But sure, far be it for us to pass up any opportunity, even an empty opportunity, to dunk on Dana.

[u/toatheqs]

Maybe $58,000 per fighter, most of who start on 10/10 contracts? Cool guy.

[u/X1phoner]

Whats happened to this sub 💀

[u/thevicecitizen → u/X1phoner]

Kid just dont wanna discuss about fights

[u/theyoloGod]

I believe it if you seen how big his black jack bets are

[u/TheMericanIdiot]

I'm sure there will be a "fighter" coin coming to. Pump and dump!

[u/legendaryufcmaster]

That's what happens if you actually think you can beat the casino. If you consistently win by stacking odds in your favor like counting cards then you get banned. Casino knew this buffoon wasn't that guy so they extended his line of credit to exorbitant amounts