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Gambling is a popular pastime for many people all around the world. While most of us do it as a way to unwind, for others it is a serious business that provides a primary source of income. It is a way of life for those individuals.
Given this, it should come as no surprise that there are some extremely wealthy gamblers in the world.
We'll look at the world's wealthiest gamblers in this article. We'll also learn how they made their riches and what more they did with their earnings to boost their fortune.
Before moving on to how? what exactly is a professional gambler?
A professional gambler is someone who makes a living off of gambling and spends the majority of his time at casinos. When playing at the live casino tables, professional gamblers make their money by placing the correct bets.
Professional gamblers employ Advantage Play, which entails identifying structural flaws in casino games and exploiting them to boost their chances of winning. Professional players that practice Advantage Play boosts their chances of beating the house and taking home large sums of money by looking for gaps in rules, minor flaws, and inconsistencies.
Professional gambling necessitates the mastery of observation, memorization, and even math skills. This industry runs on systematic methods. Professional gamblers are frequently found at high-stakes poker tables competing against other professionals or blending in with normal blackjack players.
Pro gamblers do not have a stabilized salary, a professional gambler might earn anywhere from $5,000 to $100,000 per month. Since the gambling business has switched from life to online gambling as the favored option, turning it into a career has been every gambler's ambition to earn a good living from the comfort of their own home.
Lotteries, stocks, sports betting, casino games, poker, and other forms of gambling are available. Because you must understand the technique of your selected gambling kind, you must determine which type you can play easily and with the best possibility of winning.
After talking these much about pro gamblers and their salaries, let's take a look at the richest gamblers in the world and their professional gambler salaries.
In the year 1957, Bill Benter was born in Pennsylvania. He showed an early aptitude for mathematics and got a university degree in physics in just a few years. Bill decided to use his math and physics skills to try to make a quick buck by playing blackjack, a popular Vegas game. Bill gained so much money counting cards on the Las Vegas strip in just seven years that he was barred from practically all of the city's major casinos.
Bill met Alan Wood, another gambler who specialized in horse racing betting, not long after. They relocated to Hong Kong and began developing analytical algorithms that could predict horse race results.
This joint venture's software was years ahead of anything else on the market, netting the partners a fortune. After the two stopped working together, Bill developed a new model that is widely regarded as one of the best gamblers in the world.
Bill Benter's net worth is estimated as $1 billion and makes an additional $100 million every year. With his salary, Bill Benter is the world's number one gambler. Fortunately, he is generous with his money, donating it to a variety of charities in the United States and Hong Kong.
Bloom, sometimes known as The Lizard, is a sports betting and poker player.
Bloom had a final table appearance on the World Poker Tour and appeared on the Late Night Poker television series. He also reached the final table of the first two Poker Million events in a row. In January 2004, he won the Australasian Poker Championship in Melbourne, taking home the first-place prize of about A$420,000.
His total live tournament winnings exceeded $1,500,000 as of 2008.
Edward was born in Chicago, Illinois, in 1932, and went on to become a math professor with a successful career in science and technology. Writing a thesis on Compact Linear Operations in Normed Spaces is part of this (1958). This isn't exactly toilet reading.
Edward had a highly prosperous profession playing blackjack and baccarat before moving on to help construct the world's first wearable computer. This was all due to his mathematical knowledge and the system he established for counting cards in blackjack.
Edward's theory, which he eventually published as a book called Beat the Market, helped him amass a sizable fortune. His book, which went on to sell over 700,000 copies and become a New York Times bestseller, also contributed to his success.
Edward is now projected to be worth about $800 million after investing his gains in the stock market. Along with his enormous income, he is a member of the Blackjack Hall of Fame and will go down in history as a game-changing player.
Andrew Black was born in 1963 and grew up in London. He dropped out of university and stopped working in order to care for his dying sibling. He eventually went to work for a derivatives firm and gambled in his leisure time.
Andrew resigned his job to pursue gambling full-time after realizing he was winning more and more money through gambling. He started a software company after realizing that his intermittent income wasn't enough to support him. Andrew met Edward Wray while playing bridge with friends and showed him an algorithm he had built to help determine horse race winners. Wray was so taken aback that he offered Andrew money to further develop the program.
A few years later, they founded Betfair, the world's largest betting exchange. Andrew's net worth has risen dramatically as a result of this, and he is now believed to be worth around $670 million.
Zeljko was born in 1961 in Tasmania, Australia, and as a child showed an interest in mathematics, finance, and business. He eventually enrolled at the University of Tasmania to pursue these subjects.
Zeljko began counting cards while playing blackjack at local casinos while studying. He dropped out of university to pursue full-time gaming because things were going so well for him.
Zeljko is a famous gambler for allegedly winning $7.5 million in a single Keno game in New South Wales. He also made a fortune from horse racing and other forms of gambling. By 2011, he had been honored into the Blackjack Hall of Fame and had been blacklisted from practically all Australian and American casinos. From 2019 forward, Zeljko was active in several gambling operations, although he is no longer linked with any sportsbooks or betting partners. Regardless, his net worth is estimated to be $429 million.
Billy Walters was born in 1946 in Kentucky and is regarded as one of the most successful sports bettors in history, with a 30-year winning streak. He began gambling when he was nine years old, betting some of his paper route money on sporting events.
Billy Walters net worth started known as $200 million by the time he was jailed for insider trading in 2017.
Billy is claimed to have lost $50,000 by the time he was 22. However, his luck began to change, and he began to make millions in Vegas by playing roulette and other games. In the 1980s, he returned to sports betting and joined the Computer Group, a sports betting company.
Billy began his 30-year winning streak and acquired a fortune by betting on sporting events through this organization.
Terry Ramsden is an investor who specialized in the Japanese business market in the 1980s, but that doesn't mean he didn't make a fortune betting on horses - he was once the 57th richest person in the United Kingdom.
Ramsden began betting on low-stakes races before owning a company that specialized in horse betting — the company first made a little profit before turning a £3.5 billion ($4.1 billion) profit in only three years.
However, Ramsden's net worth isn't as high as it was in the 1980s, when he lost a lot of money in a stock market crash, owed £100 million, and was even arrested for fraud. Now, his net worth is known as $200 million.
Phil Ivey is a professional poker player known as the Tiger Woods of Poker. He is one of the world's wealthiest poker players and richest professional gamblers, whose claims that he made his money via winning high-stakes poker games have been widely challenged.
Phil was admitted into the Poker Hall of Fame in 2017, and at the age of 38, he became the youngest player to win ten World Series of Poker bracelets. In addition, Ivey received all ten bracelets in under 14 years and holds the record for most bracelets won in non-Hold'em events with a net worth of $100 million.
Chris Ferguson joined the ranks of the finest professional poker players in the United States and the globe after winning six World Series of Poker tournaments, including the 2000 WSOP Main Event and the 2008 NBC National Heads-Up Poker Championship. Ferguson began playing online poker at the age of ten, using fun mode and practicing his skills in chat rooms.
Ferguson graduated from UCLA with a Ph.D. in computer science and went on to start Full Tilt Poker. Full Tilt Poker's Alderney license was suspended after Ferguson's company's profits reached new heights, as it was discovered that the founders - Ferguson, Howard Lederer, and Rafe Furst - were withdrawing money from clients for personal reasons. Ferguson reached a settlement with the Department of Justice in 2013, agreeing to pay back a portion of the monies owed to players, and the matter was dismissed in 2013. Ferguson's net worth is currently believed to be at $80 million.
Doyle Brunson is an American poker pro who has been playing for more than 50 years. He was a two-time World Series of Poker Main Event champion, a Poker Hall of Fame inductee, and the author of multiple poker books, in addition to playing poker professionally.
Brunson has won more than $6 million, according to the Hendon Mob, but he has won far more in high-stakes poker tournaments. Brunson was the first player to win $1 million in a poker tournament, and he has won ten World Series of Poker bracelets during his career.
He announced his retirement from tournament poker in 2008, and during that summer, he competed in the $10,000 2-7 Single Draw at the 2018 WSOP, finishing sixth and winning about $44 million. Doyle Brunson is known for his net worth of $75 million.
Howard Lederer is a professional poker player from the United States who has won two World Series of Poker bracelets and two World Poker Tour events. Lederer made eight final table appearances at the World Series of Poker before winning his first and second bracelets in 2000 and 2001, respectively.
He formed the company that created the Full Tilt Poker online gambling site with Chris Ferguson and Ray Bitar. Lederer was charged with fraud in 2011 but was able to reach an agreement with the authorities a year later, losing more than $2.5 million in assets while denying any wrongdoing.
Lederer began playing chess as a youth and eventually dropped out of Columbia University to pursue a poker career in New York. That's when he began coaching his younger sister in the game. He also gave video commentary for other tournaments and appeared on "Poker After Dark" several times. Lederer also served on the board of the Poker Players Alliance for five years and contributed to various books on poker strategy. He also offered commentary for poker programming. Howard's net worth is currently believed to be at $60 million.
Jonathan Duhamel is most known for winning the Main Event at the 2010 World Series of Poker, winning three WSOP bracelets in the process. Jonathan Duhamel has a net worth of $32 million dollars.
What's interesting about Duhamel is that he won the 2010 Main Event championship by defeating John Racener heads-up, earning $8,944,310. He made history by becoming the first Canadian to win the Main Event bracelet. Because Duhamel is a big admirer of the Montreal Canadiens, he opted to contribute $100,000 of his winnings to the Montreal Canadiens Children's Foundation, which is the organization's highest single donation to date.
3.13) Patrik Antonius
Patrik Antonius, a native of Helsinki, had long aspired to be a professional tennis player but had to give up owing to a back problem. He began playing poker at a local casino when he was 18 out of curiosity and realized his talent for the game. Antonius began joining large poker events because he enjoyed playing card games with his buddies and eventually made it to the European Poker Tour and the World Poker Tour. Antonius decided to go to Las Vegas to focus entirely on the game as he progressed to playing online poker.
Antonius had amassed over $17 million in online poker winnings by 2016, including the largest victory in online poker history in 2009 when he won a hand for over $1,3 million. Patrik Antonius has earned more than $4 million in his career, making him Finland's best earner so far.
Haralabos Voulgaris, popularly known as Bob, is widely regarded as one of the world's most successful and prolific NBA sports gamblers. Haralabos Voulgaris' interest in the betting business is understandable given Bob's father's penchant for gambling. After graduating from high school, the two of them took a trip to Las Vegas together, where Haralabos spent most of his time in the sportsbook, watching NBA games and honing his talents.
Some stories claim that he placed his whole life savings on the Shaq/Kobe Lakers to win the 2000 NBA Championship. He made an insane amount of money for numerous years because he could read coaches and predict their every action. As a result, he put almost $1 million on the line every day of NBA games. He tried his hand at poker after becoming a successful bettor and finished fourth in the 2017 World Series of Poker's Big One, with live winnings totaling $3 million.
Archie Karas, a Greek-American, is another high roller on our list. He had spent years in hardship and believed he had nothing to lose, so he took a chance on betting. He began earning money by playing pool and afterward by playing poker. Karas gained more than $40 million between 1992 and 1995, setting the record for the longest winning streak in history with only a $50 wager. Furthermore, he achieved an incredible turnaround when he attempted and succeeded in turning $10,000 into $17 million in just a few months. He was so good at one point that no one wanted to play against him.
Karas remained famous and respected among players despite nearly going bankrupt in 1995.
His gambling career did not end well, as he was arrested in San Diego in 2013 for cheating by marking cards. He was sentenced to three years on probation and 73 days in prison.
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