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5 Top Gamblers Who Made a Fortune

The concept of gambling has existed for thousands of years back. It is certainly not considered while looking for a great career opportunity. Over the course of years, there has been a number of people who have won a large sum of money as well as lost a lot in either online gambling or in real life.

When it comes to gambling everyone knows that you can’t keep on winning forever. Most of the people will agree that it is based out of pure luck. However, there are some people who beat the odds and keep winning consistently and made a professional career out of it.

It is definitely not an official occupation but when you make some money this thing keeps on accumulating more. There are some players with a lot of experience and knowledge to a point that made them top the list of some of the richest gamblers in the world.

Join us because we are going to take a look at the top 5 gamblers who made a fortune.

List of Top Gamblers Who Made a Fortune

1. Billy Walters

Billy Walters
Image Source: bloomberg.com

William Billy Walters is one of the richest sports gamblers in the world. He bets on American football and basketball and worth hundreds of millions of dollars. He was born in Kentucky and started betting when he was only nine years old. Surprisingly, He doesn’t have a fear of losing because he makes his bet as $3.5 million, Once Walter has claimed up to $2 million in a single day and makes around $15 million in a year from bettering and now he has a net worth of $200 million. Back in the 1980s, he started his Computer group for analyzing sports outcomes.

This method was so successful that he only faced loss in a single year with a winning streak of four decades. He is now serving time for insider trading in Pensacola prison. A few years ago Billy lost his biggest gamble when he was found guilty of insider trading after using non-public information. According to the reports, he gained $32 in profits and avoided the $11 million in losses through the trades. So, he was sentenced to 5 years in prison along with a $10 million fine, he will be released in February 2022.

2. Phil Ivey

Phil Ivey
Image Source: phil-ivey.net

Phil Ivey was born in California and raised in New Jersey, he started betting as a teen when he was just 20 years old. There’s an interesting back story that he got himself a fake ID and started visiting casinos in Atlantic City and turned himself into professional gambling. He has won ten world series poker bracelets being the youngest player ever. Since then he started getting fame in the professional gambling world. He won the first bracelet back in 2000 by defeating Amarillo Slim. This was the first time ever Amarillo lost at the WSOP final table.

Ivey has been admitting into the prestigious poker hall of fame. He has a net worth of over $23 million and until 2011 he was also along with the biggest online cash winner ever. He is a very successful player and won around $20 million just by playing online poker. However, there are few uncertain things that happened with Ivey too, back in 2011 he won around $12 million by playing punto banco at the Crockfords Casino in London but the casino refused to pay him. Instead, they claimed that he played a partner using a trick. The court also voted against him and eventually he was found guilty.

3. Zeljko Ranogajec

Zeljko Ranogajec
Image Source: smh.com.au

Zeljko Ranogajec was born in Australia. His parents were Croatian and in the early stage of this life, he was introduced to the world of Gambling. He studied commerce and law at the University of Tasmania and later transferred to the University of New South Wales. He later dropped out to focus on his gambling career. One of the things which separate Ranogajec from others is his photographic memory which indeed turns out as a great advantage in card counting. Using this skill and the understanding of maths he started winning big bets. This method didn’t last long and later he was banned from most of the Australian Casinos.

After he was banned he moved to Horse racing instead. He also teamed up with Alan Woods while he was focusing on Horse Racing and made millions together. He has also made a lot of money playing online games too such as nzd online casino. As he doesn’t like to give interviews there is not an exact source of his income and net worth. However, there have been several rumors and speculations that he accounts for around 6 to 8% of the turnover for Tabcorp. Another source claims that he is a multi-billionaire and has a record of winning at least $7.5 million in a single bet in Keno back in the 1990s.

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4. Bill Benter

Bill Benter
Image Source: bloomberg.com

Ending the list with one of the most famous names associated with professional gambling. Bill Benter is among the richest man on this list and began his career with a physics degree and later software development. He created computer software that was used to analyze horse racing data. This was so successful that he ends up winning close to $1 billion. He donated most of it to charity. Also, He contributed to the creation of the world’s first software-assisted gambling. He also used his knowledge to count the cards at the blackjack tables.

He improved this method over time and also with the help of a book by Edward Thorp. As always success doesn’t last long, after beating the casino for a long 7 years he was ended up getting banned from the most famous Las Vegas Casinos and later he moved to Hong Kong. There are rumors that Bill Benter makes around $100 million annually and wins around $5 to $15 in a single day. Apart from this, he is also known as a philanthropist and one of the big donors to the charity and political groups.

5. Alan Woods

Alan Woods
Image Source: honestbettingreviews.com

Another name in the professional gambling is Alan Woods, however, he is not alive but he deserves a place in this list. Alan was born in 1945 in New South Wales and died at the age of 62 in Hong Kong in 2008. He was known as a supreme mathematician and often described as the godfather of horse racing software. In fact, he teamed up with Bill more bent to form one of the most successful software-assisted horse racing syndicated. Even after Bill and Alan separated their ways he still continued to do great.

Alan began his gambling career with counting cards in the blackjack. He later moved to Hong Kong to work with Benter and after the partnership ended he then teamed up with Zeljko Ranogajec in Manila and made millions of dollars from Horse racing and blackjack. Unfortunately, he was later diagnosed with Appendiceal cancer back in 2018 and then died to it. At the time of his death, he made $100,000 with blackjack in Vegas and worth more than $670 million. Most of it was made just from Horse racing in Hong Kong and some part of the world.

Conclusion

Whether you imagine yourself as a professional gambler and trying to cruise into the world of gambling, look for some online casino and start with some low bets. It can really be addictive and you should know when to stop. So, what do you think about some of these richest gamblers around the world? Have you come across other players who deserve to be on the list? Don’t forget to let us know by dropping a comment below. We will love to check them out.

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About Author

Mehul Boricha
Mehul Boricha is the founder of Tech Arrival & Astute Links. He is a computer and smartphone geek from Junagadh, Gujarat, India. He is a Computer Engineer by Education & an Entrepreneur by Passion. Apart from technology geek, he is an audiophile & loves to connect with people.

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