This article will provide you with a list of the wealthiest gamblers in 2021, which will be useful if you’ve ever wondered what it’s like to make a living from gambling professionally. They make money by betting on various games such as blackjack, poker, craps, baccarat, and horse racing on sites like these.
Remember that not all of those wealthy individuals are huge winners; in fact, some of them have lost more money than they have gained throughout.
Those Who Place the Most Bets Around the World
Now that you are familiar with the most successful names in the industry, it is time to discuss the characteristics that distinguish each of these individuals from the others. Let’s get started.
1. William Benter (Horse Racing and Blackjack)
Bill Benter’s net worth is $100 million per year, for a total of $1 billion. William Benter, better known as “Bill Benter,” was born in Pennsylvania and began his professional gambling career in Las Vegas.
Benter’s mastery of mathematics and degree in physics gave him an advantage in his field. This world’s richest gambler was so successful at blackjack that he was barred from the majority of Las Vegas casinos after only seven years of winning.
relocating to Hong Kong.
After a while, the two separated, and Benter went on to develop a formula for forecasting the outcomes of horse races, which aided him in developing software for betting on horse races. As a result, it is reasonable to assert that he is one of the most successful gamblers. At the moment, it is estimated that he earns $100 million per year, with individual races bringing in up to $10 million.
2. Edward Thorp, a sailor (Baccarat, Blackjack)
Edward Thorp has an estimated net worth of $800 million. Thorp is a professional blackjack player, as well as an author and mathematics professor. He is also well-known for co-inventing the world’s first wearable computer with Claude Shannon in 1961.
Thorp became one of the wealthiest professional gamblers after years of success in casino games. When he first arrived on Wall Street, he put his mathematical skills to use by predicting market anomalies using the data at his disposal.
In fact, Thorp detailed the strategies he used to make money trading stocks in his 1967 book, “Beat the Market.” Thorp, in general, is a brilliant thinker and a well-known member of the Blackjack Hall of Fame.
Billy Walters is Ranked Third (Sports Betting)
Billy Walters’ net worth is estimated to be $200 million. Billy Walters is one of many professionals who exemplify the fact that sports betting can provide a comfortable living, and he is an example of this. It is also the reason why more than half of all Americans have placed at least one wager on a sporting event.
Walters began placing his first bets with the money he earned from his newspaper job when he was only nine years old. This gambler has been extremely successful since the start of his career, and he now has a staggering net worth of $200 million.
As an adult, Walters rose to become one of the world’s most successful and wealthy gamblers. He established a sports betting business in Los Angeles, where he made millions of dollars. He was sentenced to five years in prison, however, because he was accused of insider trading. Following his release in 2020, Donald Trump, the president at the time, granted him a pardon. Billy Walters’ wagers on sporting events were truly remarkable. Prior to his incarceration, it was estimated that he had earned $15 million.
Phil the Fourth Ivey (Poker)
Phil Ivey has a net worth of one hundred million dollars. This professional poker player from California made our list of the wealthiest gamblers for the following reasons.
It is important to note that Phil Ivey’s total earnings include more than $19 million from live tournaments. In addition, he is well-known for winning the World Poker Tour and the World Series of Poker an incredible eight times.Furthermore, during the 2002 World Series of Poker, the gambler in question finished in the top 25 of the WSOP Main Event and won multiple bracelets.
In addition, in 2009, Ivey won his sixth bracelet by defeating 147 competitors in the No-Limit Draw Lowball Event, and he went on to win the Commerce Casino LA Poker Classic, which had a total prize pool of $1,596,100.
Chris Ferguson is Number Five (Poker)
Chris Ferguson has an estimated net worth of $80 million. Ferguson, like many of the other gamblers on our list, began his gambling career as a child by playing poker. Chris Ferguson began competing in a variety of poker events in the mid-1990s, and for the first time in 1995, he competed in the World Series of Poker.
Ferguson, one of America’s wealthiest gamblers, has finished in the money 63 times at the World Series of Poker and won five bracelets. He reached the pinnacle of his career in 2000, when he won the primary competition.
Ferguson is the only person to have won three World Series of Poker circuits in addition to five bracelets, which distinguishes him from other poker players. This gambler possesses a wide range of extraordinary abilities, one of which is the ability to toss cards so quickly that they cut through vegetables and fruits.