Life is all about defying odds, and that is how it should be. In the world of gambling, you will never know what is about to happen, will the tables turn in your favor or the other way? Who knows, but what you should know is that when you have a passion for gambling, nothing can go wrong. We have for you a list of the greatest and richest gamblers in history. To this date, some of them have made more than billions, and that was only possible because of the tactical eye for the sport of gambling, their ambitions, theories, and numerous other factors!
Who are The Richest Gamblers In The World?
Bill Benter – King of Gambling
Bill is a smart and intellectual physicist who has used his education to count cards at blackjack tables. Bill Benter uses his cognitive skills to his advantage to find hacks to conquering the gambling world. At first, he employed the Edward Throp’s “Beat the Dealer” to improve his skills for counting cards, but then that did not work out for him, because he was banished from numerous casinos in Las Vegas. After devoting seven years of his life to bringing down casinos in vegas, Bill Benter moved on into the field of horse racing. Working with Alan Woods in Hong Kong, Benter and Woods, both formulated a system through which they could predict the outcome of horse races. The bets placed on horses are in masses, so the order that they created was going to be a hit for the wealthiest people who are part of gambling. Much like they had predicted, their software was a success; to this date, the prediction system is highly accurate.
Through rigorous research, mathematical combinations, and the considerations of other factors, Bill Benter’s new software could pinpoint exactly where the stakes lay. Although the project was a great success, both Bill Benter and his partner had a falling out, it would be presumed that the falling out would affect the software and its profits. However, that was not the case. Alan Woods moved on into new projects away from Hong Kong, while Benter continued with placing bets on horse racing in Hong Kong. Till this day, this gambler can be the richest of them all, considering that he makes $100 million every year, he earns about $5-$10 million on a single race. The estimated net worth of Benter is around $1 billion, which he has accumulated through systematic bets on horses. When it comes to who the richest gambler is, Benter would be on top of the list. He is minting money with the help of his skills, creations, and informed bets.
Edward Thorp – The Card Whisperer
Born and raised in Chicago, recognized as the father of card counting, Edward Thorp has most definitely made a name for himself in the community of gamblers. He is one of the richest gamblers in the world. Edward Thorp gained his wealth through the art of card counting. This skill of his was not always a part of his life; Thorp has initially been a mathematics professor from 1959 to 1977. He completed his Ph.D. from UCLA in mathematics. His decision to carry on with mathematics was not a wrong choice, because that knowledge to become the pioneer of developing a blackjack strategy through computer and technology simulation. He integrated technology with card-counting schemes to come up with the final product. After the creation of his theory was complete, he took his project for a test run. It went through some of the most famous casinos in the world. Sitting among professional gamblers, Thorp checked out his theory in Reno, Lake Tahoe, and Las Vegas, and what a success it was!
He did not only stop there, but once he realized that he had caught the attention of many other gamblers in the field, he came up with the manual called “Beat the Dealer,” which was a part of his theories. To this day, his creation is a valuable asset for beginners in the field of card counting. Many prominent professionals in the industry use it as well. Even Bill Benter turned to the ideologies of Edward Thorp while trying his luck at blackjack!
The member of the blackjack hall of fame has come up with a series of brilliant ideas that have contributed to his image of being a professional and one of the richest gamblers in the world. He came up with the first wearable computer through a partnership with Claude Shannon, the Throp Count, and techniques that would aid in the stock market. Talk about diversification! Professionals make money for sure, but Thorp has created a legacy for himself through gambling and has a net worth of $800 million.
Zeljko Ranogajec – Money Minter with Advantage Gambling by His Side
The extraordinarily private and secretive Zeljko Ranogajec likes staying out of the spotlight. However, the contributions that he has made in the world of gambling cannot help but draw more attention! Ranogajec currently resides in Europe, but he was originally from Australia. As soon as he saw how passionate he was about gambling, he dropped out of university, to accumulate wealth through advantage gambling. He initially started his journey to being one of the richest gamblers in the world through blackjack, his firm grasp over mathematics help him convert small bets into seven-digit rewards. The fact that he had a photogenic memory was a plus point for him too. Imagine that, having a photogenic memory and being good at math had him at the advantage of gaining masses of winnings, no wonder he is one of the greatest gamblers in the world! However, this fruitful combination did not last for long; he got caught and was banned from casino games all around Australia.
When one door closes, another opens, and that was what happened with Zeljko Ranogajec, as soon as he was restricted from practicing his skills with blackjacks, he went headfirst into horse racing. Although the exact figures of his net worth have not been revealed to the public, by putting two and two together, it can be assumed that he is filthy rich, he did win $7.5 million in Keno, so that has to account for something. He approximately has a net worth of over 1 billion; it is safe to say that gambling did work out for this professional gambler.
Billy Walters- Fiercest Sports Bettor
Raised by his grandmother, alongside his siblings, in Kentucky, Billy Walters always had a passion for gambling. He did not know which field he wanted to get into, whether it was blackjacks, poker, or any other casino games, but all he knew was that one day, people would remember him as one of the wealthiest gamblers, and that is what happened. At this current time, Billy Walters is seen as number one when it comes to sports bets. Did you know that Billy Walters has gamblers blood running through his veins? Walter’s father was a professional poker player, and his grandfather was a professional gambler, not a coincidence, right? Billy Walter’s was nine years old when he got a taste of betting, and ever since then, he has just been growing and growing.
Initially, he started his bookkeeping business in Kentucky, however, that went down the drain when he got caught and fined for $1,000. Then he packed his bags and set off for Las Vegas, the hub of gamblers and the city swarming with poker players. He set the foundations of his career there and makes around $15 million annually, and has a net worth of $200 million to his name. One of the most significant milestones of his career was the bet he made for 3.5 million. It was not just the biggest bet for him, but it was the biggest bet in the history of sports betting. Talk about making a name for himself! Unfortunately, it was not all uphill for the fiercest sports bettor; he is currently under investigation for making an underhand deal worth $40 million.
Patrik Antonius – Professional Poker Player
Switching from playing professional tennis to playing professional poker is quite a transformation, but it is one that Patrik Antonius handled with great success. Antonius did not plan on becoming one of the richest gamblers in the world, but the universe had other plans for him. All his life Patrik Antonius wanted to pursue tennis as a career, but he suffered from a severe back injury and had to give up his dream. Lucky for him, he had online poker to fall back on! At first, Antonius went to real-life casinos, but then he assumed poker was not his calling because he was not all that successful in the beginning. However, as time passed, his luck got better, with just $200 he managed to gain winning of $20,000. Over the passage of 4 years, this professional poker player managed to put together an accumulated amount of $11 through online poker and another $6 million too, so it is not a surprise that he is one of the richest gamblers in the world.
This self-taught poker player has won over $4 million in several poker tournaments in Las Vegas and many other places around the globe. His estimated wealth is around $32 million. Now that just shows that he may be the biggest gambler in the world and one of the wealthiest players too. Much like Benter, he also has made a legacy for himself in the world of gambling.
Phil Ivey – WSOP Winner
Like the gambler we just discussed before, Phil Ivey has a passion for gambling, and his strong suit is poker. However, instead of taking part in online games, he likes to be there physically in a casino! Ivey is the youngest player to have ever won a world series of poker bracelets, but that is not all. Much like those before him, Phil Ivey has earned a massive amount of money through gambling and playing poker, so it is a known fact that he too is a part of the richest gamblers squad. He won $19,242,743 playing online poker, and like others, he has accumulated a wealth of around $23,100,000.
Did you know that Phil Ivey was so passionate about being part of the poker community that even at a young age, he wanted to get into casinos and play the game? However, because he was underage, he could not get in and play. That did not stop Ivey, and he worked his way around it by creating a fake ID to get access to poker games in Atlantic City!
Alan Woods – Foundation of Horse Races
The creator of the software that could help establish the winning horse through statistics and mathematical theories, Alan Woods. Although, like many of the gamblers before him, he did not start in the field that he is known for today, the God Father of Hose Race Bets originally started his gambling career in blackjack games; he would use math to asses cards to win the table. After a while, he realized that blackjack card counting was not for him, and the fact that he was banned from playing at blackjack tables got him to reconsider his career lines. Then Woods decided to move to Hong Kong, and the partner will Benter. Both Benter and Woods put their ingenious minds together to come up with software that would help place bets on successful horses. This syndicate was a total hit and got a buzz going around for him. His victory was to such a great extent that in less than a few years, he was swimming in piles of cash, almost $670 million, not American dollars, but Australian. That is still a lot!
Who Lost the Most Money Gambling?
Did you know that the person who has lost the most money while gambling is Terrance Watanabe? How is that so you must be wondering? Well, he bet more than $825 million and lost $127 million of it in Caesars Palace and the rest in casinos located in Lake Tahoe!
What’s the Biggest Bet Ever Placed?
Did you know that the biggest bet placed was by a great gambler called the Phantom Gambler? He bet around $2.41 million, and surprisingly he lost none of it!
Who is the Richest Gambler?
You must be wondering who the wealthiest gambler is, well after reading this article, you must already know, but if you do not, it is Bill Benter. He is worth more than a billion dollars in current day amounts. He is known as the richest of them all and the king of gamblers.
Who is the Richest Casino Owner?
Did you know that the wealthiest casino owner is Sheldon Adelson? Do not let his lifestyle fool you! He has made billions of dollars throughout his career, and he currently owns and runs the Venetian Hotel And Casino in Las Vegas.
Do Professional Gamblers Make Money?
If you are wondering if professional gamblers make money, well, yes, they do! They manage to do so by protecting their winnings legally. Along with that, they maintain an effective management system for payroll. They focus on making smart and rational decisions when it comes to finances. Betting is risky, you have 50/50 odds of winning, but if you are anything like these professionals, you will use your cognitive and strategic abilities to your advantage!
How to Make Money Online Through Gambling
If you are interested in making quick cash online through gambling, why not turn to some of the following options!
- Fantasy sports
Try getting some tips before you do so, read about the legends stated above and who knows you might just have a knack for gambling!