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Author Topic: Can you share at least one gambler who have become rich in gambling?  (Read 529 times)
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February 20, 2020, 10:49:54 AM
 #1

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.

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February 20, 2020, 10:53:39 AM
 #2

Why do you think gamblers should (always) become rich ? It's a normal job. Most people don't get rich with their job, they just earn enough to survive and probably some more to go on vacation and things like that.

Where does the misconception, that every (professional) gambler is filthy rich, come from ?

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February 20, 2020, 11:03:37 AM
 #3

Billy Walters

http://www.espn.com/espn/feature/story/_/id/12280555/how-billy-walters-became-sports-most-successful-controversial-bettor

https://www.youtube.com/watch?v=d6FAUQ6SFKM


some information about him,.. I admire his story and he was one my inspiration when I was still new in sports betting.

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February 20, 2020, 11:08:43 AM
 #4

Since we believe that there are people who become rich in gambling or they are making a living in gambling
...

Where did you get such information that we all believe that there are people who got rich by gambling? Making a living by gambling? Perhaps. But these must be experienced gamblers with years of experience and a great deal of self-control.
Of course, there are individuals who win some kind of jackpot (on the national lottery or some other game of chance), but most of them spend all the money and quickly return to their old way of life.

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Questat (OP)
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February 20, 2020, 11:14:43 AM
 #5

Why do you think gamblers should (always) become rich ?
I just believe there are gamblers who are rich in gambling and they are inspiring.
Personally I want to become rich in gambling, that is my ultimate goal..now, let me ask you, since you are a gambler, what do you want to achieve?
you just want to consider it as your job? do it all the time? come on, we all retire and to be rich is the best achievement when you retire.

It's a normal job. Most people don't get rich with their job, they just earn enough to survive and probably some more to go on vacation and things like that.

Let's exclude in the discussion this normal people who gamble and do their job because that's not what I am asking, I just want to know if you know one who are rich in gambling.


Quote
Where does the misconception, that every (professional) gambler is filthy rich, come from ?
I have no idea why you ask that question, I never said that every gambler are rich or should be rich.  



Where did you get such information that we all believe that there are people who got rich by gambling?
I didn't said all. (we means, ME +1 = WE).. check post above you, there's a member who posted proof already.

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February 20, 2020, 11:15:16 AM
 #6

A quick search on the internet and I found this https://millionairemob.com/richest-gamblers-in-the-world/

They've been banned from playing in casinos for their abilities and because they won a lot (needless to say  Grin).
I don't know what you mean by proof but I hope the articles are good enough. You can dig deeper if you want to verify them.
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February 20, 2020, 11:26:52 AM
 #7

The janitor that won $5 million CAD through lottery.

--> https://edition.cnn.com/2019/05/29/world/janitor-lottery-win-trnd/index.html

An Ohio teacher that won $5 million through lottery as well.

--> https://www.insideedition.com/even-after-winning-5-million-lottery-jackpot-teacher-still-plans-on-working-55845

There were many of them.



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February 20, 2020, 11:33:01 AM
 #8

Quote
Where does the misconception, that every (professional) gambler is filthy rich, come from ?
I have no idea why you ask that question, I never said that every gambler are rich or should be rich. 

Ok, so 97% of betting/poker people lose longterm, which makes it 3% winning players. From these 3% maybe 0,01% become rich with it (what is rich in the end ?).

Poker dudes are often more open (you could say bragging) about their wealth and what they made - and it's easier to publicly track. Betting people are more cagey. To name a few, that imo got rich with betting and come to my mind: Paulo Rebelo, Caan Berry and Sammy, who quit betting and is doing stock trading now or tried to do it.

As I said, gambling for a living is a normal job with a, most of the time, normal income. You don't ask a plumber, if he got rich with his profession, do you ? There are surely plumbers, that got rich (building a big company), but most plumbers do not.

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February 20, 2020, 11:33:14 AM
 #9

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.
The definition of rich cannot be same for all of us. Please check this PR account of stake and primedice then you will come to know that how many people have already won bigger to biggest amount of their life time. Unfortunately, I am not seeing anyone from this forum to be claiming that winning amounts (there could be multiple reasons for hiding like they might be preferring not to make people begging to them).

I'm sorry I'm not able to answer you by directly spotting a person who made that but I believe most of our cryptocurrency based gambling houses might have made at least one person richer than how they had been leading their life financially before trying crypto gambling.
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February 20, 2020, 11:43:08 AM
 #10

National lottery winners, to name one.  Aside from that, you can refer to this site to see these 17 Gamblers Who Got Rich.

To name some:
1. Don Johnson – Blackjack Dealmaker  - won $15M playing blackjack
2. Billy Walters – Roulette Wheel Bias Master - Won $3.8 Million Playing Roulette
3. Phil Ivey – Online Poker Domination - Won $19 Million Playing Online Poker
4. MIT Blackjack Team – Card Counting Corporation - Won Millions through Card Counting
5. Patricia Demauro – Dice-Rolling Granny - Won $180,000 Playing Craps
6. Kelly Sun & Phil Ivey – Beating Baccarat with Edge Sorting - Won $21.6 Million Playing Punto Banco
source



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February 20, 2020, 11:45:29 AM
 #11

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.

thats impossible to make a living out of gambling only not unless if these gamblers are pro or sponsored by some big companies where they earn income that they wont loose on gambling ( on thier playing sessions )  never seen one on a normal game like dice , slots , etc but ive heard several pro gamblers on poker . that was a long time ago and i already forgotten thier names  .  normal people that isnt a pro , will hardly make a living in gambling because he will likely loose if he play everyday .
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February 20, 2020, 03:01:10 PM
 #12

Maybe, the people that become rich in gambling are in the Sports betting area.
"The Richest Gamblers in the World"

As for me, sports betting is almost the same as trading. You can analyze the result it's just that it takes serious talent and knowledge to know who will win. Better connections can also help and just because it is considered a game of skills, not a piece of luck.

But going into casinos and becoming rich is nearly impossible. That's not a good idea. The casino has been built to profit. Not to give money like charities. Well, if you really want to get rich on gambling, try spots betting. I heard a lot of people who made it. Billy Walters is one of them.

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bakasabo
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February 20, 2020, 03:06:51 PM
 #13

Can someone name at least one cryptocurrency gambler, that become rich (or at least famous for his bets) in gambling, but not by cryptocurrency exchange rate growth ? Smiley

Anything will do. Real name or nickname, or any rumor or story about becoming rich from crypto gambling.

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February 20, 2020, 03:16:56 PM
 #14

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.
Ryan the owner of bustabit I think we all know that he is making a huge income from it.
And the site is still running smoothly for so long so isn't it enough proof?

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NavI_027
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February 20, 2020, 03:42:01 PM
 #15

I know so many Poker Stars but i think that's not what you really meant Smiley. Actually, I haven't known someone yet who really became rich mainly because of gambling. All of my friends are just winning few bucks every time they play (earning hundreds of bucks are very seldom). But well, I still take it as a good thing tho, at least I knew that they are not gambling dependent until now — a person who only relies on his skill/luck on gambling. An that was still a blessing to be thank for because I knew that all of us are still not crazy lol Grin.
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February 20, 2020, 03:46:47 PM
 #16

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.

I don't know personally of one, but I know one gambler operator who made it big really big and became the president of the United States and that's trump, it's very hard for a gambler to get rich but very easy for operators to make huge money and become a business mogul.

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February 20, 2020, 03:53:04 PM
 #17

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.
There have been several examples already given in this thread, however like in most other aspects of our lives the wealth distribution is really skewed and this is even more true in gambling, we know that most players are losers, probably above 95% of them, 4.99% are small winners, this takes into account all of those guys that went gambling once with their friends and they got lucky that night and never gambled again, then you have the 0.01% which are the rich gamblers, most of these are probably lottery or jackpot winners with just a few skilled players making enough money to be of any mention.

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February 20, 2020, 04:11:33 PM
 #18

Since we believe that there are people who become rich in gambling or they are making a living in gambling

Can you please share at least one person who made that, and please put some proof.
As I have read in the blog before, there are so many persons who became reach because of gambling, and one of which is Bill Benter. He is considered as the wealthiest gambler in the world who won on the betting of the horse race. The horse race is a game where you will put your bet on the specific horse, and if the horse gets the first place, then you would win a high prize. The higher the risks or payout, then the higher the reward in this game. Bill Benter now has an estimated net worth of 1 billion dollars. I inspired him so much before because I am a person who wants to become rich someday, so I used on gambling, but it is already done, I am now free from gambling, to share.

Why do you think gamblers should (always) become rich ? It's a normal job. Most people don't get rich with their job, they just earn enough to survive and probably some more to go on vacation and things like that.

Where does the misconception, that every (professional) gambler is filthy rich, come from ?
That is not what he wants to point out. He is not saying that if a person is a gambler, then he or she can be rich someday or in a future, He only wants to ask about persons who became wealthy from gambling, well, we can not judge him, that is what he wants to know. I think you misunderstood what he really wants to say.
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February 20, 2020, 04:22:41 PM
 #19

I thibk there are so many people that we could tell since one jackpot in a lottery would really change anyone's life.
And there are so many lottery winner in each and every country.
Besides lottery there are also some other types of gambling that have a contest for example poker,
There are so many professional poker tournaments that have a huge prize on the pot.

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February 20, 2020, 04:53:58 PM
 #20

Billy Walters
Dude, this guy is in prison for insider trading. Also, in sports betting, he could bribe opposition to intentionally losing the game.

I'm more convinced with gamblers who play in skill games, like poker, blackjack, etc., that utilize card counting method. They could become rich before getting blacklisted to enter casinos.



And for the lottery, 70% went bankrupt in just a few years.
https://www.nefe.org/press-room/news/2018/research-statistic-on-financial-windfalls-and-bankruptcy.aspx

If they (the winners) don't know how to make money in the first place, they won't be able to sustain their spending. Wealth is built on the continuous stream of cash inflow.

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