JustALuck
JustALuck
Joined: Sep 16, 2015
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April 25th, 2018 at 5:25:57 PM permalink
Quote: Hunterhill

I doubt Zeljko makes 1billion per year,I know he is quite succesful but that seems a bit high.
Source?


I sent you a link via private message since I do not know if I'm allowed to post a web link on this forum.
Hunterhill
Hunterhill
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April 25th, 2018 at 5:29:57 PM permalink
OK, Thanks.
The mountain is tall but grass grows on top of the mountain.
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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April 25th, 2018 at 6:01:09 PM permalink
Quote: JustALuck

I sent you a link via private message since I do not know if I'm allowed to post a web link on this forum.


You can post it.
DUHHIIIIIIIII HEARD THAT!
Venthus
Venthus
Joined: Dec 10, 2012
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Thanks for this post from:
Hunterhill
April 25th, 2018 at 6:13:49 PM permalink
Quote: Hunterhill

I doubt Zeljko makes 1billion per year,I know he is quite succesful but that seems a bit high.
Source?



Wikipedia: "Zeljko Ranogajec (born 1961) is a professional gambler from Australia, with an annual, global betting turnover that is claimed to be over $1 billion." (Emphasis mine, and, yes, wiki isn't an authoritative source...)

It's like that article from a year or two ago where this woman was embezzling government funds and lost like 600 million. (She did, however, win about 580 million, so she ACTUALLY only lost the 20m that was stolen.)
JustALuck
JustALuck
Joined: Sep 16, 2015
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April 25th, 2018 at 6:18:00 PM permalink
Here's another source. Dunno if it is an authoritative source.
Venthus
Venthus
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April 25th, 2018 at 6:38:07 PM permalink
Quote: JustALuck

Here's another source. Dunno if it is an authoritative source.



"He is said to account for 6-8% of the turnover of Tabcorp, with his outlays reportedly as much as $1 billion annually."

Same thing; he bets over 1b/year, not winning that. Comparing it to "In 2008, Ranogajec took his bookmaker to court and revealed that his syndicate had won more than $44 million betting on US racing over a three-and-a-half-year period." from the same article suggests his annual winnings are considerably more modest.
Nathan
Nathan
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April 25th, 2018 at 9:23:56 PM permalink
Quote: sabre

I think you're a spam bot in training.



Not really. He has been on here for three years not three minutes. ;)
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bobbartop
bobbartop
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April 25th, 2018 at 9:56:14 PM permalink
Quote: JustALuck






@bobbartop
Yes, I'm located in San Diego county, California. Yes, it looks like based off my research the world most successful gamblers (in net worth) are horse bettors. However, is that possible through online sportsbook?




Gosh, you're living in paradise, literally. A gazillion casinos within driving distance. A few private card rooms still there. Del Mar down the road. I haven't been to Caliente in years, don't know what's going on there now. TJ might be more dangerous now than when I frequented the track, and sports betting.

But horses are hassle-free in this country now, just like all online gambling was 15 years ago. No problem moving money in and out. For myself, personally, I'm into horse body language and you can get the complete Show on the net. But if I lived near Del Mar, like I used to, that's where I'd be.

https://www.youtube.com/watch?v=uT9MITGrcFk
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
Wizard
Administrator
Wizard 
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April 26th, 2018 at 6:26:25 AM permalink
Quote: JustALuck

Since I'm no expert in AP, I'm open to your critique. I think online poker is possible to make money regularly... based on media everywhere (forums, poker news, poker leaderboard, etc) stating top online poker players make $x,xxx,xxx. Just by looking at online player ranking website (moderator, let me know if I can link to poker leaderboard website), at this time of writing, I see top 3 players made estimated profit last 120 days are:
Player #1: $1,017,239
Player #2: $717,986
Player #3: $505,694

One of top horse racing bettor, Zeljko Ranogajec makes $1 billion yearly.



You could do that in any business -- look at the top few people in it and mistake that for an average income of everybody in it. I assure that online poker is a tough way to make money. Every poker site is infested with sharks. Yes, I know, you'll be a shark among sharks, everybody thinks that. I'll just say that these poker sites wouldn't be making money if everyone were an above average player. It is impossible for everyone to be above average.

Quote:

One of top sports bettor, Billy Walters is net worth of $200 million.



There we go again. Just because one guy, who I think is in jail, is worth $200 million doesn't mean every sports book lizard is worth that much.

Quote:

Yes, I'm located in San Diego county, California. Yes, it looks like based off my research the world most successful gamblers (in net worth) are horse bettors.



With a 17% rake, horses are a tough way to make money. It's funny how everybody who bets horses claims to be a winning player and yet still the tracks finds a way to take 17%. Where are all the losers?

SOOPOO mentioned chasing Internet bonsues. That is the easiest way to go, in my opinion.
It's not whether you win or lose; it's whether or not you had a good bet.
gordonm888
Administrator
gordonm888
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April 26th, 2018 at 8:22:05 AM permalink
Quote: JustALuck

... based on media everywhere (forums, poker news, poker leaderboard, etc) stating top online poker players make $x,xxx,xxx. Just by looking at online player ranking website (moderator, let me know if I can link to poker leaderboard website), at this time of writing, I see top 3 players made estimated profit last 120 days are:
Player #1: $1,017,239
Player #2: $717,986
Player #3: $505,694



Make sure you are not confusing poker earnings or payouts with poker profit and loss. Most poker leaderboards report payouts or earnings with no regard to tournament entry fees. If you pay $1000 to enter a tournament and bust out before making the money (which happens the majority of the time) your earnings are reported to be $0.00 rather than -$1,000. Similarly, if you pay $4,000 to enter a tournament and earn a payout of $10,000 your earnings are reported on leaderboards to be $10,000, even though your profit was only $6,000.
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.

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