Ready to find out who would be the richest gamblers? In our essay, we will discuss the 7 gamblers with the highest net worth and how they got there. Some of them earned their fortune playing with poker, Since you’re going to find out. Stay with us and browse wealthy gamblers’ inspirational stories.
Bill Benter — the Richest Professional Gambler
Mathematics genius Bill Benter was born in 1957 in Pittsburgh, Pennsylvania. After finishing a degree in math, he decided to use his skill to count cards in blackjack tables in Las Vegas, improving his approaches with the assistance of Edward Thorp’s Beat the Dealer. After seven years of bringing down the house, Benter was prohibited from many Vegas casinos and after he met Alan Woods, he transferred to Hong Kong where both worked on developing a formula that would help predict the results of horse races, thus creating the world’s first applications assisted gambling performance that’s also regarded as the most effective one to this day. You can have a peek at all the benefits that it has and the possibilities that online gambling in Pennsylvania provides.
The math was developed by benter powering the applications and utilizing a vast array of variables to get the edge he re-created and enlarged it, so it looked at prices to ascertain in which the truest advantage was. After the group had a”spectacular falling out,” Woods started working with Zeljko Ranogajec in Manila and Benter continued to operate on his own in Hong Kong, reportedly moving beyond its limited number of tracks. It’s projected that Bill Benter makes $100 million annually, frequently raking at $5-$10 million in a single race day. He’s also a philanthropist and a contributor to political and charity groups.
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Edward E. Thorp — Card Counting’s Father
He was born in 1932 in Chicago. He worked as a math professor from 1959 and completed a PhD in math from UCLA. He set his calculations to the test in casinos in Reno, Lake Tahoe, and Las Vegas and confirmed his theory. Having piqued gamers’ interest, he composed Beat the Dealer that is considered the initial and supreme guide to card counting used by both amateurs and professional players.
In 1961, Ed Thorp used it at the blackjack and roulette tables until it was banned in 1985 and developed the first wearable computer. In the 1960s, Thorp began using his knowledge in the stock market on data and probability, and he developed and implemented hedge fund techniques in the financial markets.
It is not so much about attaining a goal but rather about the travel itself and the adventures along the way" Edward E. Thorp
Zeljko Ranogajec — Lifestyle of the Rich and not Famous
Born in Australia to Croatian immigrants, Ranogajec dropped out of college to pursue a career in benefit gambling. He started using his photographic memory and complex math and playing with with blackjack, he was able to flip bets. His methods result in him being banned from many casinos, so he continued to utilize his mathematics skills to forecast the races and switched to horse gambling. This has made him a billionaire. He’s extremely private and hasn’t given interviews or discussed his ventures and the gambler’s net value is unknown. He’s said to accounts for 6-8percent of the turnover of Tabcorp, with his outlays reportedly as much as $1 billion annually. And if this is not one of the richest gamblers…
A source close to the family has explained him as a multi-billionaire and while these are speculations, he’s known for a record triumph in Keno of $7.5 million in the 1990s. To courtroom, Ranogajec chose his bookmaker in 2008 and disclosed that his syndicate had won more than $44 million gambling on US racing on a three-and-a-half-year period. Other reports suggest he’s fighting a $900 million tax battle with the Australian Taxation Office.