So, we thought we’d put together the top 10 gambling vacation destinations around the world to give you ideas for your next vacation. Atlantic City “Vegas-lite”, Atlantic City is a fun place to go if you can’t get to Vegas. There is plenty to do in terms of gambling, with lots of casinos to whet your appetite. Ranking 4 th on this list of the top 10 largest sports betting companies by revenue in the world is Scientific Games Corporation, an American corporation that provides gambling products and services to lottery and gambling organizations across the globe. The company is headquartered in Las Vegas, Nevada and specializes in products such as. Sitting at the top of our list, Australia can be called a gambler’s paradise, as it provides all kinds of entertainment, from slots and casinos to betting and lotteries. Pair that with a no-tax-on-winnings policy, and you’ve got a perfect place for attempting to win big at.

• The Gambler Song
• Best Gamblers In History

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

Being a gambler is an extremely risky proposition. There are some people that have pulled it off. Here are the richest gamblers in the world, including some tips on how to make money gambling.

If your favorite guilty pleasure is placing a wager at the gaming tables, you’re probably living in hope that you’ll one day win an enormous jackpot. Building wealth really is easy. Just find a hobby or craft. Get really good at it. Then, scale it.

If you’re ready to find the best place to try gambling so you can start your journey to riches today and click here.

I’ve used a number of different tools to track my wealth over time. Most of them are free and extremely easy to use.

One example is Personal Capital. A completely free platform to track your money. This was instrumental in me building my wealth and cash flow over time.

There are plenty of gamblers out there who’ve done just that and who are now living a lifestyle beyond your wildest dreams.

If you’ve already visited and chosen a particular game to win cash. You now might be waiting for your dreams to come true, you might be inspired by the tales behind some of the richest gamblers in the world.

If you don’t like forking up cash, you might want to consider free money giveaways.

I’ve covered millionaire farmers, but now we cover a less straightforward approach to wealth… gambling

How to Make Money Gambling

Most casino games have a favorable advantage and you are playing against the odds. If you want to make money gambling, you have to focus on games that you can gain an edge. In order to make money gambling, you must be very disciplined and determined for success.

Professional gamblers are very keen on winning. They’ve studied what works well for them and what doesn’t. You can apply the same theories to anything you do.

In addition, pro gamblers have realized that they need to make consistent value bets, which mean that you put out money where you have a slight edge in winning. If you don’t follow this, your chances of winning consistently will be zero.

You have to approach investing the same way and I’ve covered that in my book Dividend Investing Your Way to Financial Freedom.

Games that are best to try to make money gambling:

1. Poker
2. Blackjack
3. Baccarat
4. Fantasy sports

I’ve been a big player of fantasy sports. While luck is a serious component, there is no doubt in my mind that skill is the majority. In addition, I’ve played poker and enjoy playing it. I will never turn down a good poker game.

Gambling is a tough way to make money, but you can make money instantly if you are good.

List of the Richest Gamblers in the World

Here, you’ll find a rundown of some of the most successful players at the tables, and you might get some top tips that will help you to improve your game. Pro gamblers continue to look for an edge in order to succeed.

There’s definitely a difference between rich and wealthy, but either way, these gamblers made out very well.

1. Bill Benter – Maths Genius Supreme

Bill is a perfect example of how to make money gambling. He used math and provide analytics to make money at the casinos.

Born in Pittsburgh, PA in 1957, Bill Benter is a self-proclaimed mathematical genius. Having studied physics at university, he put his skills to good use, learning how to count cards. Having honed the art, he headed to Las Vegas where he plied his trade at the blackjack tables.

He was so successful that he was finally banned from all the top Sin City casinos within seven years.

However, Benter wasn’t ready to call it a day. Instead, he relocated to Hong Kong and began working with Alan Woods on a formula to predict the most likely outcome in horse races.

The result was the first gambling operation in the world to be assisted by software, and it is still regarded as the most successful model today.

Benter is now believed to be raking in around $100 million every year thanks to his formula, and he has been rumored to have collected up to $10 million on just one race day.

2. Edward E. Thorp – Card Counter Extraordinaire

Edward E Thorp invented the skill we know today as card counting. Born in 1932 in Chicago, Thorp earned a PhD in maths at UCLA then began to work there as a professor.

Mr. Thorp was the first person to ever use computer simulation in the development of a strategy for blackjack, and he created a card-counting scheme which would improve the odds for the player.

He first tested his calculations in the casinos of Las Vegas, Lake Tahoe and Reno and thus proved his theories to be valid.

He then penned his book “Beat the Dealer”, still considered to be the definitive guide to the art of card counting.

Ahead of his time, Edward Thorp also invented the wearable computer in 1961 which he used at both blackjack and roulette tables for over two decades until it was finally banned in the mid-1980s.

His skills at the gaming table paired with his ability to predict the movements of the stock market have led to a fortune of approximately $800 million.

See Related: How to Watch Ads for Money

3. Zeljko Ranogajec – An Advantage Gambler

Ranogajec, the son of Croatian immigrants, decided to give up his university education in favor of a life of advantage gambling. With his impressive maths skills and a photographic memory, he began playing blackjack and soon found he could turn a $100 bet into a 7-figure win.

Soon, the Australian casinos got wise to his abilities, and he ended up being banned. Undeterred.

However, he turned his talents to the world of horse betting. His mathematical skill helped him to predict the outcome of the races, and he soon became a billionaire.

Although he has never publicly confirmed his fortune, it’s believed that he could account for as much as 8% of Tabcorp’s turnover. He has certainly known to have had a record Keno win in the 1990s in the sum of $7.5 million.

4. Billy Walters – A Serious Sports Bettor

Anyone who knows anything about sports betting knows about Billy Walters. Having had a humble start to life, Walters was the son of a poker player and the nephew of a professional gambler, so it wasn’t surprising that he began gambling at just nine years old.

Three decades later, he was fined for running an illegal bookmaking service and relocated to Las Vegas where he works with analysts to improve his decision-making.

It is reported that he makes around $15 million every year and is rumored to have scored up to $2 million in a single day.

He has an estimated net worth of $200 million.

While he is banned from betting in Vegas and barred from most bookmakers, he now uses celebrities like Ashton Kutcher and Bruce Willis to place wagers for him!

5. Alan Woods – A Pioneer in Horse Race Betting

Alan Woods is sometimes called the godfather of horse betting software. The Australian pioneer was born in 1945, and during the first few years of his gambling career, he was a card counter at the blackjack table.

During the 1980s, he relocated to Hong Kong where he got together with Bill Benter to develop horse racing software that could accurately predict the outcome of races based on form, weather and track.

When Woods died back in 2008, he was believed to be one of the world’s best and biggest gamblers with a fortune to his name of $670 million AUD.

See Related: Best Money Management Tips

6. Patrik Antonius – A Poker Star

Poker star Patrik Antonius has the honor of being the first poker player ever to win a seven-figure pot in an online poker game, having won a hand worth $1,377,000.

Born in Finland in 1976, the professional gambler continues to equally divide his gambling time between Monte Carlo and Las Vegas. Antonius wasn’t always set on a career in poker playing, in fact, he originally aspired to be a tennis player.

However, an injury to his back led him down a different path. When he was young, he enjoyed playing card games with friends, and later he traveled to Helsinki’s casino to play in tournaments.

Soon, he progressed to playing online poker and went professional a few years later in 2002. He relocated to Las Vegas and focused solely on the game. Just a year later, he ranked among Europe’s top internet poker players, and today he is believed to be one of the world’s best PLO players.

To date, Antonius is Finland’s all-time top moneymaker with total career earnings to date coming to more than $4 million.

See Related: List of Apps That Pay You Real Money

7. Phil Ivey – A Poker Icon

Phil is the riskiest version of how to make money gambling. He uses his skills but at the same time he’s taken on a lot of risk.

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 30.

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.

It’s no wonder, then, that Ivey’s professional move into gambling came at a very young age. 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.

His personal fortune has reached figures or more than $14 million, and he is believed to be one of the toughest players to beat. Unlike many of the other gamblers on this list, Ivey doesn’t use mathematical skill to win games.

He believes in taking risks, and it’s a strategy that’s paying off for him.

See Related: Jobs that Pay Cash Daily

Conclusion on Richest Gamblers in the World

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. We’d love to hear from you!

See Also:

Subscribe to the Millionaire Mob early retirement blog newsletter to find the best travel hacking tips, dividend growth investing, passive income ideas and more. Achieve the financially free lifestyle you’ve always wanted.

Follow me on Facebook, Twitter and Instagram.

Join our community of mobsters seeking financial freedom. What are you waiting for?

You need to understand how gambling works in your geographical location. Also, getting to know which country gamble the most or has the most gambling affiliate platforms is crucial. Exploring countries where individuals feed off gambling will help you sort out the issue of gambling jurisdiction and peradventure you’d like you to travel out sometime. It will come in handy.

Here is a list of countries with high gambling activities:

• Australia

Australia ranks top of the list. It is mostly referred to as Gambler’s heaven, as it comes with all manner of fun and entertainment. With a wide variety of online gambling games to pick from, like slots, pokers, betting, and lotteries. Suppose you are looking forward to winning a considerable amount of money when it comes to gambling. In that case, Australia is top of the list. Impeccable gaming experience.

One of the reasons why it’s rated top is also because of its no-tax-on-winning policy. A regular Australian finds no fault in spending a fortune on gambling. It’s more like a way of life for the gamblers.

• Singapore

Although there are restrictions to gambling in Singapore, it’s still booming, with online gamblers making massive incomes daily. Before you can access any casino, especially on an on-land casino, you need to pay a hefty sum of money. This could be discouraging but, the fun fact is that you get to make even more once you kick-off.

Like Top Dog Casinos, they help arrange various online casinos according to countries and with impeccable reviews and distinguishing features. On average, the cost of gambling in Singapore is estimated at $1100.

• Ireland

Online casino arrived in Ireland a few years back, but it’s now almost all over the country. Its popularity keeps increasing by the day. There’s a famous saying that “the only thing that keeps an Irish man on his toes is greyhound racing.”

This is to emphasize the level at which gambling is in Ireland. There’s, however, a chunk of significant betting market in Ireland that grows by the day. Ireland and gambling and online presence when it comes to gambling place Ireland at $600 per year.

The Gambler Song

• Canada

Canada is a country famous for its gambling liberty as well as its population. 75% of Canada’s population encompasses lotteries, bookmakers, and online gambling activities. They serve as a way to increase the movement of funds into the national budget. For every gambling game won, you get taxed.

Hence, yearly spending of about $570. Canada is one of the leading gambling countries in the world thanks to regulation blended with innovation. At least 76% of adults in Canada engage in one form of gambling. Representing about 30 million Canadians as of 2017. The overall Canadian betting industry is estimated to generate at least $15.5 billion per annum.

• China

Be sure to note that gambling is illegal in China. Macau, on the other hand, has managed to become the only haven to gamble. An estimated amount that takes 50% in volume represents Macau’s revenue from gambling. A record-breaking amount of approximately 38 billion dollars was made in 2018.

As mentioned earlier, there’s a love-hate relationship between China and Gambling, and the main reason lies in Macau. However, there has been a clampdown on cash inflow from China to Macau, resulting in the struggling of most online casinos.

• United States

According to statistics, the gambling community in the United States houses at least 1.8 million jobs, and it’s worth 261 billion dollars. However, like in China, most gambling platforms are banned in the United States, but the gambling haven is in Nevada. Many online casinos and on-land casinos are either owned by private organizations or on tribal reserve.

There are also state lotteries all around the states in the United States. Three states in the United States were the first to legalize online gambling. They include Nevada, Delaware, and New Jersey. With online pokers and various casino games all over the states, the overall gambling gross revenue was estimated to be 158.54 billion dollars in 2017 and 161.24 billion dollars in 2018.

• United Kingdom

Online gambling has been growing steadily with legislation changes in the United Kingdom. According to statistics, 32% of the population in the United Kingdom gamble weekly. In 2018, 14.4 billion pounds was made in the gambling community. When it comes to gambling regulation, United Kingdom tops the list.

Best Gamblers In History

Hence, it is regarded as one of the giant online gambling countries. You can check more countries with online casino gambling activities on TopDogCasinos.com. You also get to gamble for real money on your mobile phones, where you get to play online casino games on the go.