Recently, we have this story of famous person, a social media influencer, who flexes his money and his wealth like his big house and a car. But recently, he admitted that he had lost 69 million PHP which is almost $1.2 million.
And it seems that he doesn't care about his money. However, it is now revealed that he is selling his car and most likely all other assets because he doesn't have any money anymore. There is a huge debate for Filipinos though, maybe he is doing it for clout so that he can generate money. And he didn't actually lost that big amount, much lesser, like 4 million PHP (but that is still big money for ordinary Pinoys).
But in any case, the "I don't care about money" has backfired on him and obviously this is a fake flexes.
Have you heard of any flex story?
I have someone who says from the tune of it, he is selling some kind of roulette system to me. Like teaching me on how to beat the system but when I ask him if he actually win using this strategy, he can't answer straight.
And the best story "turning 500 PHP to 100,000 PHP" in one night of baccarat session, but there are no proof whatsoever.
There is huge money involved in being a so-called influencer these days, but gambling seems like a dangerous area to use the "fake it until you make it strategy". You would need to at least break even each session or you'll slowly be leaking away money, I guess these people hope they get enough subscribers or sponsorship money to offset the losses. There's no doubt that casinos are looking for partnerships with these sort of streamers and those partnerships might mean the streamer gets money back, however it's a bit deceptive for the regular viewers. It sounds like in the example you've given, the guy spiralled out of all control and thought he had enough "clout" that sponsors might bail him out - but it didn't happen.