Most Successful Gamblers

As it turns out, there are fewer success stories than you might think. Here are my picks for the 10 most successful gamblers in history.

Edward Thorp is a math professor who literally wrote the book on card counting. Beat the Dealer was the first book about card counting that mathematically demonstrated that you could beat the house edge in blackjack by tracking the ratio of high cards to low cards left in the deck.

Thorp was also one of the first card counters to use disguises to prevent casinos from backing him off. Keep in mind that he developed these card counting techniques in , when a computer less powerful than your cell phone took up an entire room in a university somewhere.

There were no personal computers to rely on. Most people think of Billy Walters as the most successful sports bettor in the history of sports betting in all the popular Las Vegas casinos.

His has a true rags-to-riches story, too. See Related : Best Money Management Tips. Born in Finland in , the professional gambler continues to equally divide his gambling time between Monte Carlo and Las Vegas.

However, an injury to his back led him down a different path. Soon, he progressed to playing online poker and went professional a few years later in He relocated to Las Vegas and focused solely on the game.

See Related : List of Apps That Pay You Real Money. Phil is the riskiest version of how to make money gambling. Having earned the title of the greatest poker player in the world, Phil Ivey is famous for having no less than 5 wins in the World Series of Poker Tournament before the age of Ivey is the same age as Antonius but was raised on the other side of the Atlantic in New Jersey.

He learned to play poker at a very early age, with his grandfather teaching him how to play 5 card stud. He won the World Series of Poker title for the first time at the age of 23, beating famous players like Amarillo Slim and Phil Hellmuth.

See Related : Jobs that Pay Cash Daily. Have you been inspired to place your next wager? These gambling legends are proof that with the right skills and enough determination you can make your fortune at the gaming table or on the race track.

These are all far different than the traditional income opportunities for financial freedom. What do you think of the richest gamblers in the world?

Would you consider a career or side hustle in gambling? Let us know in the comments below. Subscribe to the Millionaire Mob early retirement blog newsletter to find the best travel hacking tips, dividend growth investing, passive income ideas and more.

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You might also like RELATED Recommended to you. Business Names. Well, gambling is just a professional activity like any other.

Successful gamblers are the richest and most influential in the industry. It is important to note that some of them earned their fortunes while playing poker at physical casinos.

Others did it in online poker tournaments and various progressive jackpots. So, who are some of these successful gamblers that the whole universe looks up to?

Are you looking for a rag to riches story that will inspire you to continue wagering on sports? Well, Billy Walter lived that life, until he started a year winning streak in sports betting that obviously leaves him filthy rich.

Billy grew up in Kentucky as an orphan who had to be raised by the maternal grandmother from the age of two. However, his career did not live for long after he was tried and convicted to serve five years for inside trading.

He is also synonymous with multiple money-making businesses that are believed to be funded by his sports betting winnings.

His playing style was quite loose, which, combined with his passion for high stakes, led to very big losses, but sometimes — to huge wins which, despite everything, makes him one of the most successful gamblers.

He is the record-breaker of the largest gambling loss in British history. He loved to spend his holidays in the US, winning and losing millions of dollars, his visits being quite a disturbance to the regular cash-flow patterns of even the biggest casinos.

Packer must have been quite a bad-tempered guy, and his contempt for journalists became legendary — just as much as his unfeigned scorn of money. What did Kerry do afterward?

Just walked away with no sign of regret on his face. Successful gambling usually means winning more than losing. His wins and losses were titanic.

Indeed, he must have enjoyed his performance thoroughly, which can be a reason to call him a happy gambler, if not a successful one.

Born in , he is considered to be one of the greatest successful gamblers ever and a living gambling legend. After Karas left home at the age of 15, he worked at a restaurant and spent all his free time to improve his poker skills.

His loose playing styles and passion to high stakes turned his poker career into a rollercoaster of winning and losing streaks. Archie Karas is a record holder for the largest and longest winning streak.

It is known as The Run. That is what happened. That was the level nobody had seen. His sick and crazy strategy was to gamble everything he had just won, raising the stakes sky-high.

Only a few players durst to play with him, but they were the best poker players of that time.