People who got rich with betting

Anyone who enjoys placing a few sports bets on weekends has fantasised about converting their passion into a full-time career. Even more so, turning betting into a stable source of income that pays millions, if not billions of dollars, is a good thing!

For some individuals, this desire has become a reality, and we want to tell you everything about it. We have picked for you top punters who have made a lot of money from sports betting! So keep reading and be inspired.

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Top punters who got rich with betting

Tony “Lizard” Bloom

Tony Bloom, perhaps the UK’s most infamous sports bettor, owns Starlizard, a betting consultancy. Starlizard is also the only adviser to Bloom’s online sports betting syndicate, which wagers £1 million on each football game every weekend. This makes Starlizard the largest betting syndicate in Britain, and it is estimated that they earn almost £100 million every year, on average.

Matthew “Moneyball” Benham

Although Matthew Benham has remarked that he hates being compared to the film “Moneyball”, let’s be honest: he’s about as near as it gets! Benham’s football beliefs centre on KPIs, analytics, and algorithmic philosophy.

Haralabos Voulgaris

Haralabos Voulgaris took advantage of erroneous NBA point total odds. Bob earned an insane amount of money over five years due to live sports betting, with a winning record of around 70% at one point in time. He discovered a loophole in the bookmakers’ pricing in which the total points for the first and second halves of NBA games were just half of the predicted game total.

Bill Benter

Bill Benter is one of the few people who has mastered the world of horse race betting. Benter developed an algorithm to defeat Hong Kong horse racing in the mid-1980s, and over thirty years later, Bill has collected approximately $1 billion USD. His accomplishment is incredible in a sport with hundreds of thousands of variables every race, ranging from what a horse ate for breakfast to a rider coming off.

Edward Thorp

Although Edward Thorp has no direct connection with sports betting, there is a good reason to include him on the list. Edward became renowned for his book Beat the Dealer, as well as the fact that a casino tried to assassinate him! Thorp popularised card counting with his 1962 book, which sold over 700,000 copies and made the New York Times Bestsellers list.

Billy “The Great White Shark”

Walters gained hundreds of millions of dollars in sports betting earnings over four decades, focussing mostly on American football and basketball. Unfortunately, his narrative has not ended well, as he is presently in jail after being convicted of insider trading.

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Zeljko “The Joker” Ranogajec

Zeljko Ranogajec is one of the most successful sports bettors in the history. He has obtained his billionaire status thanks to horse race betting. The odd thing is that most people have never heard of “The Joker”.

But the truth is that he lived in numerous countries and has an apartment in One Hyde Park in London. There, an apartment was previously sold for a world record price of almost US$170 million. Zeljko not only makes $1 billion a year, but he has also bankrupted a betting exchange!

James “Jeopardy!” Holzhauer

Prior to his astounding 32-game winning run on Jeopardy! in 2019, few people had heard of James Holzhauer, save for Vegas sportsbook managers. Holzhauer won nearly $2.4 million in 33 games of Jeopardy! by using simple sports betting techniques like probability and anticipated value, which he had been utilising his whole life. Before he became a household name on Jeopardy!, James was and continues to be a professional sports betting.

Jonas Gjelstad

We couldn’t finish the list of 10 people who won big on sports betting without adding Jonas Gjelstad. Although he is a co-founder of Trademate Sports, he is also an extremely successful poker player and sports gambler, having earned approximately $1 million from value betting in a single year. But it’s not surprising that Gjelstad’s life has led him here, given that he began wagering on football at the age of four!

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Alan Woods

Alan Woods was an Australian mathematical prodigy who made a lot of money because of his high IQ. Woods made millions of dollars in horse racing by using “quantitative gambling” techniques. Woods died in 2008, with his net worth being more than $670 million AUD, or over €400 million.