I'm actually amazed by the fact that there are people advocating that the homeowner shouldn't have to bear any responsibility for his actions.
Seriously, should I be able to go to Vegas and blow my life's savings gambling and then be given it all back because...well...I didn't REALLY think they would take my money, I thought I could just play and they would give it back when I was done?
What this guy did was gamble with his personal property. He lost. Hopefully he takes something from this hard lesson in personal responsibility.