{"id":152,"date":"2020-10-31T09:51:57","date_gmt":"2020-10-31T09:51:57","guid":{"rendered":"https:\/\/hotgamblingnews.com\/?p=152"},"modified":"2023-01-23T13:58:37","modified_gmt":"2023-01-23T13:58:37","slug":"top-five-richest-gamblers-in-the-world","status":"publish","type":"post","link":"https:\/\/blog.onlinecasinoprofy.com\/en\/top-five-richest-gamblers-in-the-world\/","title":{"rendered":"World\u2019s Richest Gamblers and How They Became Millionaires"},"content":{"rendered":"\n\n\n<p><span style=\"font-weight: 400\">We\u2019ve all tried it, haven\u2019t we? Chipping in a small amount of money, maybe five bucks, and hoping that we\u2019ll get a jackpot in return. Sometimes we get something, but usually, we don\u2019t. We all know that even the <a href=\"https:\/\/onlinecasinoprofy.com\/en\/\">best online casino<\/a> games come with the odds tilted in the casino\u2019s favor. We\u2019re fighting against the odds regardless of whether we\u2019re trying to beat the dealer in a card game or if we\u2019re playing real money slots. As a result, we ostensibly have to have bags of luck if we want to have any chance of playing casino games for real money and coming out with more money than we\u2019ve walked in with. But is it really like that?<\/span><\/p>\n\n\n\n<div class=\"iframe-start text-center\"> <a width=\"300\" class=\"btn\" btn-js=\"\" rel=\"nofollow noopener\" noopener=\"\" href=\"https:\/\/kgodbm.iucksforme.net?utm_source=91c865379b771972&amp;s1=144334&amp;s2=1738830&amp;j1=1\u201d\" target=\"_blank\u201d\"><span class=\"class4-en-gb\">Play in Casino<\/span><\/a><\/div>\n\n\n\n<p><span style=\"font-weight: 400\">If we look at people who have managed to make a living out of gambling, it seems that they just keep winning and keep getting more money. So much so that many of them earn <\/span><span style=\"font-weight: 400\">millions. It would be strange if that was purely down to luck. There\u2019s more to it. Before we go into who they are, let\u2019s see how the <\/span><span style=\"font-weight: 400\">richest gamblers<\/span><span style=\"font-weight: 400\"> make <\/span><span style=\"font-weight: 400\">the most<\/span><span style=\"font-weight: 400\"> of <\/span><span style=\"font-weight: 400\">real money casino<\/span><span style=\"font-weight: 400\"> games.<\/span><\/p>\n\n\n\n<h2 id=\"h-best-way-you-can-play-casino-games-for-real-money\"><span style=\"font-weight: 400\">Best Way You Can Play Casino Games for Real Money<\/span><\/h2>\n\n\n\n<p><p><span style=\"font-weight: 400\">The first<\/span><span style=\"font-weight: 400\"> thing you need to know about gambling is which games you should play. The truth is, they don\u2019t come with the same chances of winning, so your game selection is the primary step that can take you in the right or the wrong direction. For instance, most players start playing online slots when they begin gambling. And that\u2019s fine; after all, slots are popular as much as they are due to their simplicity and the lack of a learning curve. Since there\u2019s no way for you to influence around, you completely rely on luck, which makes slots games of chance.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-35 size-full alignnone\" src=\"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-content\/uploads\/sites\/3\/2020\/10\/Richest-Gamblers2-1024x256-1.jpg\" alt=\"Richest Gamblers Top 5\" width=\"1024\" height=\"256\"><\/p><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">But, if you look at what the richest gamblers do, you\u2019ll see that they don\u2019t play slots at all. You see, while gambling naturally has an element of luck to it, winning thousands of dollars on a consistent level can\u2019t be a fluke. Most of them are either poker players, or they play other games of skill, such as blackjack and baccarat.<\/span><\/p>\n\n\n\n<p><p><span style=\"font-weight: 400\">The thing is, when <\/span><span style=\"font-weight: 400\">you play casino games for real money<\/span><span style=\"font-weight: 400\">, you want to give yourself the best chance to affect the outcome, and you can do that with games like poker. Poker is a game heavily reliant on maths, and if you\u2019re skilled enough, you can better predict what will happen. If you excel at it and become one of the best, tons of chips will soon be going your way. <\/span><\/p>\n<p><strong>Richest professional gamblers<\/strong><span style=\"font-weight: 400\"> spend years and years playing card games and perfecting their strategies. That\u2019s why they will be able to tell if you\u2019re bluffing or you have a stronger hand, something you would have no idea about when you just start playing. Let\u2019s check out who they are.<\/span><\/p><\/p>\n\n\n\n<p>If you also want to become a professional player and have the winnings, you can train at the best online casinos!<\/p>\n\n\n\n    <section class=\"container \">\n        <div class=\"row\">\n            \n            <div class=\"col-lg-12\">\n                <div class=\"topCasino text-center\">\n                    <div class=\"topCasino-header topCasino-row-container d-lg-flex d-none align-items-center\">\n                        <p><\/p>\n                        <p>Name<\/p>\n                        <p>Rating<\/p>\n                        <p>Bonus<\/p>\n                        <p>Payment<\/p>\n                        <p>Deposit<\/p>\n                        <p>Licenses<\/p>\n                        <p>Review<\/p>\n                    <\/div>\n                    <div class=\"topCasino-content\">\n         <\/div><\/div><\/div><\/div><\/section>\n\n\n\n<h2 id=\"h-richest-gamblers\"><span style=\"font-weight: 400\">Richest Gamblers<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">So, who are they? How does someone go from entering a casino for the first time with an almost-empty credit card account to receiving tens of millions in prize money? Did they also spend their early days chasing casino bonus offers so that they could win real money without spending any? We\u2019ll go over each player\u2019s career, be it in poker tournaments or sports betting. But first, let\u2019s announce them; here\u2019s our list of the five <\/span><span style=\"font-weight: 400\">richest professional gamblers<\/span><span style=\"font-weight: 400\">:<\/span><\/p>\n\n\n\n<ul><li style=\"font-weight: 400\"><strong>Bill Benter<\/strong><\/li><li style=\"font-weight: 400\"><strong>Zeljko Ranogajec<\/strong><\/li><li style=\"font-weight: 400\"><strong>Phil Ivey<\/strong><\/li><li style=\"font-weight: 400\"><strong>Chris Ferguson<\/strong><\/li><li style=\"font-weight: 400\"><strong>Edward Thorp<\/strong><\/li><\/ul>\n\n\n\n\n\n<h3 id=\"h-bill-benter\"><span style=\"font-weight: 400\">Bill Benter<\/span><\/h3>\n\n\n\n<p><p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-36\" src=\"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-content\/uploads\/sites\/3\/2021\/10\/Bill-Benter-300x267.jpg\" alt=\"Bill Benter\" width=\"200\" height=\"178\"> <span style=\"font-weight: 400\">A Blackjack Hall of Famer, Bill Benter used to be a professor of maths before he started practicing blackjack card counting. After years of practicing, Benter became so efficient with it that casinos started banning him from playing due to the fact that he would almost always win.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Since he wasn\u2019t a welcome sight anymore, he turned to horse races and developed a model that allowed him to predict racing outcomes better. Afterward, Benter created a program to help other bettors with placing bets. Estimates say that Benter cashes in $100 million every year.<\/span><\/p><\/p>\n\n\n\n<h3 id=\"h-zeljko-ranogajec\"><span style=\"font-weight: 400\">Zeljko Ranogajec<\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright wp-image-37\" src=\"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-content\/uploads\/sites\/3\/2021\/10\/Zeljko-Ranogajec-300x267.jpg\" alt=\"Zeljko Ranogajec Photo\" width=\"200\" height=\"178\"><\/figure>\n<\/div>\n\n\n\n<p><p><span style=\"font-weight: 400\">Coming from a family of Croatian immigrants, the Australian dropped out of college to earn a fortune playing blackjack. With a photographic memory and a great understanding of maths, Ranogajec was soon earning large sums of money. <\/span><\/p>\n<p><span style=\"font-weight: 400\">He became great at it, and just like Benter, casinos across Australia banned him from playing, which forced Ranogajec to go into earning other gaming experiences, mainly keno and horse racing. Ranogajec holds a record for winning $7.5 million on keno.<\/span><\/p><\/p>\n\n\n\n<p><p><span style=\"font-weight: 400\">Despite his riches, Ranogajec was never one for fame and would rarely give interviews. Subsequently, there have been many rumors and reports of his net worth, with some claiming he earns over $1 billion a year! <\/span><\/p>\n<p><span style=\"font-weight: 400\">This is probably not true, and Ranogajec himself said that reports had inflated that number. Still, in 2019, an Australian finance magazine estimated Ranogajec\u2019s net worth at $600 million AU.<\/span><\/p><\/p>\n\n\n\n\n\n<h3 id=\"h-phil-ivey\"><span style=\"font-weight: 400\">Phil Ivey<\/span><\/h3>\n\n\n\n<p><p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-38\" src=\"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-content\/uploads\/sites\/3\/2021\/10\/Phil-Ivey-300x266.jpg\" alt=\"Phil Ivey Photo\" width=\"200\" height=\"178\"> <span style=\"font-weight: 400\">Known as the Tiger Woods of poker, Ivey is the first player on our list who made his fortune playing the game. <\/span> <span style=\"font-weight: 400\">A Poker Hall of Famer, Ivey has ten bracelets from <\/span><span style=\"font-weight: 400\">the World Series<\/span><span style=\"font-weight: 400\"> of Poker (youngest to do so), as well as one title from the World Poker Tour.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">He is one of the best players in history when it comes to prize money earnings. <\/span> <span style=\"font-weight: 400\">His net worth is $100 million, which mainly comes from playing online and casino tournaments.<\/span><\/p><\/p>\n\n\n\n<h3 id=\"h-chris-ferguson\"><span style=\"font-weight: 400\">Chris Ferguson<\/span><\/h3>\n\n\n\n<p><p><span style=\"font-weight: 400\">Ferguson has a Ph.D. in computer science from UCLA. As one of the founders of Full Tilt Poker, Ferguson saw his net worth reach great heights, but he also saw it plummet after a scandal shed light on the fact that owners were taking out customers\u2019 money for personal reasons. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Still, Ferguson came into the position of founding one of the major gambling websites by playing poker successfully and getting himself six WSOP bracelets. Ferguson\u2019s current net worth is $80 million.<\/span><\/p><\/p>\n\n\n\n<h3 id=\"h-edward-thorp\"><span style=\"font-weight: 400\">Edward Thorp<\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright wp-image-39\" src=\"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-content\/uploads\/sites\/3\/2021\/10\/Edward-Thorp-300x266.jpg\" alt=\"Edward Thorp Photo\" width=\"200\" height=\"178\"><\/div>\n\n\n\n<p><p><span style=\"font-weight: 400\">With a Ph.D. in maths, it\u2019s no wonder Thorp was able to rake in vast amounts of dollars from gambling. In fact, it was Thorp who invented the strategy we now call card counting. Before he joined the gambling world, Thorp was a professor of mathematics and was the first one to use a computer machine to develop a card game strategy. <\/span> <span style=\"font-weight: 400\">With his card counting methods, which tilted the house edge in his favor, <\/span><\/p>\n<p><span style=\"font-weight: 400\">Thorp was soon on his way to casinos across the United States, mainly Las Vegas, Lake Tahoe, and Reno. His book on card counting was the first of its kind and is still regarded as the ultimate guide to this popular blackjack strategy.<\/span><\/p><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Thorp went so far as to invent the portable computer to carry into casinos until they became banned in 1985. He used card counting also in backgammon and baccarat. After venturing into other financial markets, Thorp\u2019s net worth is $800 million.<\/span><\/p>\n\n\n\n<p><blockquote class=\"warning\">To sum it up, here\u2019s a table of the five richest players, showing their estimated net worth and the games they play:<\/blockquote><\/p>\n\n\n\n<h2 id=\"h-faq-most-asked-questions-about-real-money-gambling\"><span style=\"font-weight: 400\">FAQ: Most Asked Questions About Real Money Gambling<\/span><\/h2>\n\n\n\n<blockquote class=\"info\">Who is the richest gambler in the world?<\/blockquote>\n\n\n\n<p><p>Currently, it\u2019s widely believed that Bill Benter is the richest gambler in the world. A maths professor, Benter started using his understanding of maths for gambling purposes. After spending years in training, Benter started visiting Las Vegas casinos playing blackjack using card counting.<\/p>\n<p>Sometime later, casinos caught up with him and banned him from playing, which meant Benter would turn to sports betting, horse racing in particular. He developed software for betting, which allows him to earn money without him himself gambling. Estimates on his net worth range from $100 million to $10 billion annually!<\/p><\/p>\n\n\n\n<blockquote class=\"info\">Do professional gamblers make money?<\/blockquote>\n\n\n\n<p><p>Yes, they do! As their title would suggest, they are professional gamblers, meaning they think of gambling as a means of earning a living, just like a professional baker would think of running a bakery. Similarly, they have to see gambling not as a game you kill your time with, but an actual job that they devote a large portion of every day to.<\/p>\n<p>You can\u2019t be the best if you don\u2019t practice, right? The very best of professional gamblers make tens of millions of dollars, but you don\u2019t have to be the best to make great money. Currently, there are just under 2,000 players who have made over $1 million.<\/p><\/p>\n\n\n\n<div class=\"iframe-start text-center\"> <a width=\"300\" class=\"btn\" btn-js=\"\" rel=\"nofollow noopener\" noopener=\"\" href=\"https:\/\/kgodbm.iucksforme.net?utm_source=91c865379b771972&amp;s1=144334&amp;s2=1738830&amp;j1=1\u201d\" target=\"_blank\u201d\"><span class=\"class4-en-gb\">Play in Casino<\/span><\/a><\/div>\n\n\n\n<blockquote class=\"info\">Does gambling make you rich?<\/blockquote>\n\n\n\n<p>The proper answer here is \u2014 it might! It\u2019s all about how much you put into it and whether you do it wisely. If you just pop into a casino, sit at the first slot that you see, and start placing thousands of dollars per bet, it will do just the opposite. You have to make sure you\u2019re doing the right thing, such as focusing on games of skill (poker, blackjack) rather than games of chance (slots, lottery). The most important thing, however, is not to get caught up in that wealth-hunting because you can end up creating financial problems and developing an addiction.<\/p>\n\n\n\n<blockquote class=\"info\">Do gamblers ever win?<\/blockquote>\n\n\n\n<p><p>Yes, they do. They do it often, actually! The problem is, casinos win more frequently than gamblers. You see, the way casinos are set up (i.e., the way real money casino games are set up) is that the house always has a mathematical advantage and will always remain on top in the long term. If it weren\u2019t so, there would be no casinos. But, that doesn\u2019t mean you can\u2019t win at all, it just depends on how you go about it.<\/p>\n<p>For instance, when you play poker, you compete against other players, and you don\u2019t have a house edge to worry about. This way, you only have to be better than all the other players (yes, sounds hard, but with enough practice, you can do it). Casinos make most of their profits off of inexperienced slot players, while seasoned gamblers can tilt the winning percentage in their favor.<\/p><\/p>\n\n\n\n<blockquote class=\"info\">How much do professional gamblers make?<\/blockquote>\n\n\n\n<p><p>At the time of writing this, there were exactly 1,997 poker players who have earned $1 million or more in prize money. That\u2019s a great piece of information for anyone who would try to make it professional and needs something to motivate them. It\u2019s hard to make it pro; you have to devote your time and energy to learning the specifics of a game and then getting the experience to make better decisions.<\/p>\n<p>But, as the number above suggests, it\u2019s highly doable. Richest professional gamblers are worth over $100 million, and there are almost 90 players who\u2019ve hit the $10-million mark.<\/p><\/p>\n\n\n\n<blockquote class=\"info\">What games can you play for real money?<\/blockquote>\n\n\n\n<div class=\"iframe-start text-center\"> <a width=\"300\" class=\"btn\" btn-js=\"\" rel=\"nofollow noopener\" noopener=\"\" href=\"https:\/\/kgodbm.iucksforme.net?utm_source=91c865379b771972&amp;s1=144334&amp;s2=1738830&amp;j1=1\u201d\" target=\"_blank\u201d\"><span class=\"class4-en-gb\">Play in Casino<\/span><\/a><\/div>\n\n\n\n<p><p>Well, all of the casino games are available for you to play them with real money, that\u2019s kind of their purpose. The real question is: which games should you play for real money? Casino games don\u2019t come with equal chances of winning, and it takes some snooping around to figure out which are more generous towards the player than others. Generally, we can divide games into games of chance and games of skill.<\/p>\n<p>As you can guess, the later ones will give you better chances of winning real money, but they\u2019re more difficult, and it takes practice to become good at them. Alternatively, games of chance are easier to grasp, but you will rely entirely on luck, which means that your night could go either way.<\/p><\/p>\n\n\n\n<blockquote class=\"info\">What is real money gaming?<\/blockquote>\n\n\n\n<p><p>The definition of it would be any gaming in which you wager real money on the outcome of an in-game event. To put it simply, if it\u2019s a game you can win or lose real money on, it will fall under this category. Some equate it to gambling in general, and although it\u2019s not really the same (some types of real money gaming wouldn\u2019t be characterized as gambling), we usually talk about casino gaming in this instance.<\/p>\n<p>So, anytime you bet real money on slots, blackjack, roulette, or any other casino game, you\u2019ll be conducting real money gaming. There\u2019s a possibility to play casino games for real money without wagering any of your own. You can do this by utilizing some of the many online casino bonuses that are on offer.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":{"additional_field":"","breadcrumb":"","hreflang":"","alternate":false,"meta":{"show_in":"head","content":""},"json":{"show_in":"head","content":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v15.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The richest Gamblers at the World | Their secrets and stories<\/title>\n<meta name=\"description\" content=\"We\u2019ve all tried it, haven\u2019t we? Chipping in a small amount of money, maybe five bucks, and hoping that we\u2019ll get a jackpot in return.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.onlinecasinoprofy.com\/en\/top-five-richest-gamblers-in-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The richest Gamblers at the World | Their secrets and stories\" \/>\n<meta property=\"og:description\" content=\"We\u2019ve all tried it, haven\u2019t we? Chipping in a small amount of money, maybe five bucks, and hoping that we\u2019ll get a jackpot in return.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.onlinecasinoprofy.com\/en\/top-five-richest-gamblers-in-the-world\/\" \/>\n<meta property=\"og:site_name\" content=\"CasinoProfy EN\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-31T09:51:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-23T13:58:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-content\/uploads\/sites\/3\/2021\/10\/richest-gamblers.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"303\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"11 minutes\">\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/posts\/152"}],"collection":[{"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":14,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":1640,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/posts\/152\/revisions\/1640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/media\/621"}],"wp:attachment":[{"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.onlinecasinoprofy.com\/en\/wp-json\/wp\/v2\/tags?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}