7 People Who Got Rich through Sports Betting

Sports betting is a risky yet profitable form of gambling. You can wager your money on the outcome of a game or sporting event and earn profit from a successful prediction. However, successful predictions are only possible with adequate research, study, and observation.

Some people understand the gameplay of sports betting and have implemented it to amass wealth. This is the best way for punters to make money from the activities – analyze, study, follow tipsters, and place your wagers. Before visiting the best betting sites Norway to sign up and play, you must follow these simple steps, as it’s your best bet to winning when wagering on sports events.

This article will discuss seven gamblers that got rich through sports betting and how they did it.

1. Tony Bloom

While he’s one of the richest sports punters, Tony Bloom didn’t achieve that status through luck. The billionaire is a Mathematics graduate from the University of Manchester. Like many mathematicians who applied their knowledge of odds and lines, Bloom also incorporated his degree into gambling, eventually making him a huge amount of money.

Bloom tried everything, from poker to sports betting. He played at many poker tournaments and won most of them. After years of poker, he ventured into sports betting, where he now makes his billion. The gambling legend owns the Premier League club Brighton & Hove Albion and is worth $1.7 billion.

2. Haralabos Voulgaris

Haralabos Voulgaris isn’t any regular punter. The millionaire started wagering on NBA events in the late 90s. It worked well; he was rich enough to stake huge money on games by the early 2000s. That wasn’t everything, though. Voulgaris also played poker and earned over $3 million from tournaments within 14 years. Haralabos Voulgaris is now a principal owner of CD Castellón, a Spanish football team in Castellón de la Plana. He’s rumored to be worth around $2 million, although no one knows the extent of his wealth.

3. Billy Walters

Billy Walters is the Godfather of sports betting. The American entrepreneur is known for his penchant for sports event betting. Walters has kept a solid winning streak for 30 years in Las Vegas, giving him the title of the most successful professional gambler in the city.

Billy Walters grew up poor and learned to fend for himself. He moved to Louisville when he was 13 and got a salesman job selling cars. He picked up the hobby of gambling in the process. In 1981, Walters eventually left the automotive industry to focus on sports betting. It paid off, and this professional gambler remains one of the richest punters in the world. However, Walters was sentenced to five years imprisonment on charges of insider trading and was released in 2020 to complete his sentence at home.

4. Zeljko Ranogajec

Zeljko Ranogajec is a Croatian businessman and a professional bettor. He started his career with card counting at the Blackjack table and soon transitioned into other forms of gambling like wagering on horse races. Since he started his gambling career, Zeljko Ranogajec is now worth $610 million. Many Norwegian punters like Ranogajec can wager professionally through Norway betting sites and make money while following in his footsteps.

5. David Walsh

David Walsh is a big stake. He once made $17 million from wagering on the 2019 Melbourne World Cup, an unbelievable amount. At the time, David Walsh had been encountering problems building his project, The Museum of Old and New Art. He accrued $5 million worth of debt without knowing how to pay it back. Walsh partnered with Zeljko Ranogajec — his gambling partner — and they made huge bets on the World Cup, which brought about huge profits too. Walsh is currently worth $200 million.

man sitting on sofa while using laptop

6. James Holzhauer

James Holzhauer has an undefeated 32-year winning streak on the Jeopardy TV show. However, his major win is his success at sports betting and poker. Holzhauer started professional gambling in 2018, focusing more on sports like baseball and college basketball rather than popular ones like football. This gambling strategy has earned him a fortune, and the professional punter is now worth $2 million.

7. Robert Moore

Robert Moore is a professional gambler worth $200 million. Before he started sports betting, Moore was a struggling young man with only AU$ 5 on him. Moore worked for many people and learned the craft of betting. He ventured into horse race gambling and made a fortune from staking on winning horses. 

Final Notes

These professional gamblers have shown that gambling isn’t always based on luck and that sports betting and every other form of gambling can be successful with adequate facts, knowledge, and smartness. While many people lose money by betting on sports matches and odds, these seven businessmen have made life changing fortunes from their endeavors. Their story resonates to doubters that people could actually win big from sports wagering.

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