Have you ever wondered who is the most successful sports bettor in the world? Are they modern-day great Gatsby, extravagant millionaires, or maybe tech gurus and analytical minds? Would you be surprised if they were famous superstars and athletes like Floyd Mayweather or dazzling movie stars like Ashton Kutcher? It's no secret that sports betting is a multi-billion dollar industry. In this article, Wintips will send you the top 7 best sports bettors in the world. Let's keep an eye on who they are.
Best sports bettors in the world - Who are they?
1. Ben “Parlay Patz” Patz
Ben "Parlay Patz" Patz was born in 1996 and began betting on sporting events as early as legally possible. By the age of eighteen, he joined an overseas sportsbook and started placing bets on games. Due to his remarkable success with parlay betting, his friends dubbed him "Parlay Patz". His first legal bet was on the Floyd Mayweather vs. Manny Pacquiao fight for $90. He experienced some initial success but later quit sports betting to pursue studies at the American University of Paris.
However, the hit to his bank account didn't deter the appearance of Parlay Patz's parlay picks. He continued to win 12-leg parlays with a payout of $75,000. However, he encountered a sportsbook without a license that refused to pay out Patz's winnings. Instead, they paid him $12,000 out of the $75,000.
Nevertheless, this was enough for him to get back into the parlay game, and after hitting three long-shot parlays weekly, Parlay Patz became a millionaire overnight. His two favorite sports to bet on are soccer and basketball, both at the collegiate and professional levels.
2. William T. “Billy” Walters - Best sports bettors in the world
If there's anyone known in the world of sports betting globally, it's William "Billy" Walters. Even regular betting communities are familiar with the legend that Walters has created for himself. Born into a family of gamblers, Walters had gambling in his blood. He placed his first bet at the age of 9 with money earned from his newspaper route. Starting gambling at such a young age, Walters grew his net worth to $200 million.
His first-ever bet was on a major baseball game, where he ultimately lost. However, after witnessing his father lose at poker numerous times, he learned to accept defeat gracefully. As he matured, he developed a sports betting enterprise in Las Vegas, where he would earn millions of dollars.
3. Marco D’Angelo
Another top-notch figure in the world of sports betting is Marco D'Angelo, whose biography proves he's a stand-up guy. Known for his honesty and desire to help other bettors, D'Angelo is open about his plays. While most savvy bettors keep their private lives under wraps, D'Angelo showcases his choices through podcasts and WagerTalk. Gambling since the 1980s, D'Angelo transitioned from betting on horses to sports. Understanding D'Angelo's betting style is advantageous.
To confidently approach legal sports betting, he wagers by percentages. He never considers over-betting because he stakes a smaller percentage within his budget. Read on to learn more about Marco D'Angelo's sports betting biography and gambling history.
Analyzing data is crucial if you want to ask any skilled sports bettor or handicapper about Marco D'Angelo. He focuses on the intangibles. Dubbed "the Marco method," he seeks unique traits proving statistical data can be misleading. Moreover, every game has more than just numbers.
4. Jimmy Snyder - Best sports bettors in the world
Jimmy's analysis of the Greek history of sports betting reveals how he contributed to normalizing and ultimately popularizing legal sports betting across the United States. Born Demetrios Georgos Synodinos, Snyder gained fame as a sports betting analyst on CBS in the 1980s and quickly fell out of favor due to inappropriate comments.
Jimmy, the Greek, cannot be underestimated for his importance as one of the most famous sports bettors of all time, as his influence extends far beyond his work on TV. Snyder lived from 1918-1996, with significant milestones in his life spanning below. Upon arriving in Florida, Jimmy the Greek began earning a living through professional gambling at the Sunshine State racetracks and through sports betting in Florida. He would reside in Florida for about 15 years.
5. Teddy “Covers” Servansky - Best sports bettors in the world
When reviewing the history of sports betting and gambling, Teddy "Covers" Sevransky's prominence becomes easily understandable. A professional gambler since the 1990s, his profound understanding of gambling holds significant value. Teddy currently provides pick services for those looking to earn some extra dollars. Upon moving to Las Vegas, Sevransky became a sought-after figure by many media companies due to his renowned sports betting persona, with some estimating his net worth to be $100 million.
Sevransky is deeply ingrained in the legal gambling and sports betting community. He has contributed his time to "Life on the Line," "Action," and ESPN's 30 for 30 series on sports betting. Additionally, he has been featured in prominent publications such as the Boston Globe, New York Times, and AP, as well as magazines like Cigar Aficionado and Playboy. However, he is most widely known for his appearances on CBS, CNBC, and Bloomberg TV. Therefore, famous sports bettor Teddy "Covers" Sevransky is meticulous in every detail.
6. Haralabos “Bob” Voulgaris
Born in 1975, Haralabos Voulgaris, also known as Bob Voulgaris, is a Canadian-born sports bettor of Greek descent and a professional poker player in the realm of sports betting. Examining Bob Voulgaris's history in sports betting, one can see that he differs from other famous sports bettors. Voulgaris thrives in the limelight and has garnered fame from his legendary exploits in the NBA. He is regarded by many in the gambling community as the "world's top NBA bettor," and he certainly has the capability and net worth to support that claim, rumored to be up to $2 million.
Like most modern legal sports bettors, Voulgaris is adept at calculations, utilizing advanced statistics and tracking modern metrics to make his betting decisions. However, his greatest advantage is perhaps his incorporation of psychology into his approach. This may explain why he has been successful not only as a professional sports bettor but also as a professional poker player.
7. Bill Benter - Best sports bettors in the world
Bill Benter was one of the first bettors to use and perfect the "deep state" handicap, an insightful analysis that helped him make millions from horse racing in Hong Kong. The system starts from the premise that certain variables will affect the outcome of the race. Benter and his team created an algorithm with 20 variables in Horse Racing to calculate the true odds of each horse. The term "real odds" refers to the market price near or equal to the winning price.
Benter's method originally used 20 variables but now has about 130. Due to its accuracy, the system is said to deliver a 24% return on revenue, so industry insiders say Bill earns around $100 million per year, which he invests in the Benter Foundation, which supports health, education, and the arts.
8. Gadoon “Spanky” Kyrollos - Best sports bettors in the world
Gadoon "Spanky" Kryollos is regarded as one of the first sports bettors in New Jersey. He is a native of the state and knows exactly how to push the boundaries. He began gambling at the age of 15. In New Jersey, there was a festival he frequently attended where he discovered an illegal dice game that could be bet on. He immediately became interested in the world of gambling. He also had a great family upbringing that contributed to his interest.
His family often gambled, even placing bets on board games. Spanky was not a foolish child. When other kids began selling trading cards at school, instead of asking if he could bet on them, he wanted to sell cards himself. This is how Gadoon "Spanky" Kryollos' history in sports betting began as a young boy. Later, he would take that money and engage in legal sports betting. Initially, he incurred losses rapidly. However, as he grew older and learned various techniques, Spanky became a legendary player in the New Jersey sports betting market.
9. Floyd Money Mayweather
Originally nicknamed "Pretty Boy Floyd," it comes as no surprise that Floyd Mayweather, Jr., transitioned from holding fists in the ring to being known as "Money." However, "Money" Mayweather is not only a successful boxer but also a thriving sports bettor.
Engaged in legal sports betting for many years, Mayweather doesn't shy away from placing large bets and sharing his winning wagers. Instead of cash, he flaunts his wins with photos – boasting to his 30 million followers on Instagram and Twitter. Of course, he still maintains his reputation, never publicly sharing evidence of his losses, only rumors are heard.
10. Bill “KrackMan” Krackomberger - Best sports bettors in the world
As a two-decade resident of Nevada, Bill "KrackMan" Krackomberger is one of the most famous sports bettors in Las Vegas and at all other sportsbooks with players in the United States. He took the gamble to move to the desert before the 2008 economic downturn from New Jersey because he knew he could confidently bet on sports to make a living. He has appeared on channels such as ESPN, Fox, CNN, Showtime, and recently launched his own sports betting advisory app, where he provides free and priced picks for subscribers.
KrackMan has delved into the intricacies of legal sports betting through his professional wagering activities across various games. By leveraging promotions, bonuses, and playing for free, Krackomberger has used casino advertising to his advantage, ensuring he maximizes every opportunity. Knowing when to fold is just one of the reasons he has become a successful gambler in his career.
What the best sports bettors in the world have in common?
Trial and error is an integral part of sports betting and is something all renowned sports bettors have in common. No one is born with a perfect strategy. It takes a wealth of knowledge to play this game and succeed, making sports gambling a continuous learning experience.
Research, understanding of the sport, bankroll management, and knowledge of odds are the factors influencing how famous sports bettors make winning money. It all boils down to numbers, whether it's odds or the amount wagered, and all bettors need to know these.
They also learn early on or not too late to gamble cautiously until they find the strategic point each of them stumbles upon at some point in their careers. The key is discipline and self-control to only place bets on sensible wagers to reap the rewards. Bargain hunting for the best bets is also a common habit among this crowd.
A few sports betting experiences from experts
Don't be too confident in your predictions
As astute sports bettors, we only wager where we have an edge. So, don't be overly confident and think you can find success on your own. Certainly, there will be times when you bet and hope you're betting for the other team. You have to accept in your mind that making money in the long run comes from adhering to the numbers. The more you play bets with accurate value, the greater the profit and the higher the winning percentage.
Focus on profits big or small
The sportsbook's expected profit tends to be around 4.5%. This means that for every bet placed at -110 odds, you will lose 4.5% of your money. This applies to Money Lines, spreads, point differentials, and any lines set at -110 odds. An event like the Super Bowl tends to be the best time of the year for sports betting bookmaker, both for fans and sportsbooks alike. Betting volume tends to increase during such events, leading to higher potential profits for the sportsbooks.
During a major event like this, sportsbooks may try to balance the money evenly on both sides. Therefore, regardless of who wins, they still make a profit. This profit is generated from their house edge, as they require people to bet $110 to win $100, instead of $100 to win $100 with a 50/50 outcome.
Find out the best bet value
Finding good value can be challenging for you (which is why we have many customers). Don't assume you can rely on your knowledge alone. The best way to find an edge is to delve into advanced statistical analysis. For example, in baseball, you can't just bet on the team with the better pitcher.
This is a strategy that many players might follow and could end up losing money. Sportsbooks know who the better pitcher is. They factor this into the odds they use.
Bet with logic, not with emotion
Emotions can cloud the judgment of sports bettors, especially when wagering hard-earned money on games. While we may expect to win, relying on emotions to place bets can ultimately lead to losses. Using logic like a sports bettor is essential. When we lose money, we cannot double down to try to recoup our losses! Bankroll management is key.
A gambler will fall into these pitfalls. As professionals, we consider ourselves investors. We select the best lines and only wager on a game if we have a quantifiable edge against the sportsbooks. The total number of wins and losses doesn't matter to us every day. It is important that we are managing our bank accounts correctly and getting the correct values.
Conclude
Above is a list of the best sports bettors in the world with a huge fortune of the same name has been confirmed. You can follow the posts on the personal pages of these people such as Facebook, Twitter, IG to learn more experience. Especially for those who are new to sports betting for the first time, this will help us increase our knowledge to betting. Visit Wintips every day to keep up to date with more exciting betting news.
See also: Best sports betting Instagram accounts - Top 10 picks (2024)
