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Most Successful Gamblers in the World

The gambling idea has existed for thousands of years. The quest for a better career opportunity definitely isn’t considered. There have been a number of people over the years who have won a huge amount of money as well as lost a lot either on online gambling Malaysia or real life.

Could you imagine how many gamblers in history have won and lost money? We ‘re not even thinking about hundreds of people, or even thousands. Hundreds of millions of people, perhaps even billions, have been gambling to try to win something.

Everyone knows when it comes to gambling that you can not carry on playing forever. Most people would believe it’s built on pure chance. There are some people, though, who defied the odds and regularly win, and made a professional career out of it.

It ‘s certainly not an official occupation but this thing keeps on accumulating more when you make some money. There are some players with a ton of expertise and experience to a level that makes them top of the list of some of the world’s successful gamblers.

1. Edward Thorp

Edward Thorp is a professor of mathematics who wrote the card counting book, literally. Beat the Dealer was the very first book on card counting which mathematically showed that in blackjack, you could beat the edge of the house by comparing the percentage of high cards left in deck to low cards.

In Lake Tahoe, Las Vegas, and Reno he personally used his card counting methods, beginning with a $10,000 bankroll given by his friend Manny Kimmel. They raised $11,000 in their first weekend at the tables. Thorp was one of the first card counters that used disguises so that casinos could not back him off.

He’s even known to have played at baccarat, backgammon, and roulette, using other advantage strategies, most of which are now illegal.

2. Phil Ivey

If you’ve won 10 World Series of Poker bracelets, much like Phil Ivey, you can start making your claim to be the world’s best poker player. Several sources have called him the best, according to the Wikipedia article about Ivey.

Ivey won more than $11 million in playing  baccarat in London in 2012. But Crockfords, the casino in which he was playing, refused to pay him because they detected him using an advantage play strategy called edge sorting. The casino considered it cheating, but Ivey argues he was only making clever use of an imperfection in the cards in use.

Ivey had similar Borgata experience, too. Then there was litigation. The courts ruled with the casinos, acknowledging that edge sorting is cheating.

3. Chris Moneymaker

Yes, his last name is Moneymaker, I guess that is one way to manifest your child to become a successful money-maker. Moneymaker won the Main Event in the World Series of Poker in 2003. It was a big cultural phenomenon, because on the internet he earned his admission to the WSOP. That resulted in a huge influx of players to online poker sites during the so-called “poker boom.” You could read so much about Chris Moneymaker in his memoir, Moneymaker: How an Amateur Poker Player turned $40 into $2.5 million at the World Series of Poker.

Moneymaker is still playing poker and is still racking up winnings. Throughout his career, he ‘s won over $3.5 million, which includes the $2.5 million from his WSOP victory.

4. Don Johnson

Don Johnson is a businessman who is also a gambler that won over $15 million playing blackjack and he did not use the counting card strategy at all. His run in 2011 and 2012 against the three Atlantic City casinos is now historic. While he didn’t count cards, Johnson was acting like a player with an advantage. He decided on blackjack rules that just 0.26 percent gave the house a slight edge.

He then arranged a casino loss rebate offer that converted the tiny advantage for the casino into an advantage for the player. His losses have been minimal, meaning he hasn’t lost much money relative to his potential win. Such a move is called a ‘positive expectations bet .’

5. The MIT Blackjack Team

They are a group of MIT students who counted cards as a team, and took millions from casinos. The MIT Blackjack Team is also not a new organisation. Since 1979 they have been making money from the casinos.

The MIT Blackjack Team uses shuffle tracking and ace tracking methods, in addition to conventional card counting methods. The methods used by the team are calculated to give them an advantage over the casino in the range of 2 per cent to 4 per cent.