Showing posts with label Alan Woods. Show all posts
Showing posts with label Alan Woods. Show all posts

Sunday, May 13, 2012

Zeljko Ranogajec

Zeljko Ranogajec World's Biggest Punter
Zeljko Ranogajec is claimed to be a multi billionaire and the world's biggest punter.  Supposedly richer than both Alan Woods and Bill Benter, Zeljko Ranogajec is said to have an annual global betting turnover over $1 billion.  He is dubbed as "the biggest punter the world has ever seen or is likely to see" in the book Living And Learning With The World's Biggest Punters

Born in 1961 in Hobart, Australia to Croatian immigrants, Zeljko Ranogajec was soon recognized as another mathematical genius (which is frequent at the highest level of professional gambling) and studied Commerce and Law at the University but eventually dropped out to pursue much more lucrative activities - Blackjack then Horse Racing Betting, even Keno. 

Blackjack Hall of Fame
Belive it or not, Zeljko Ranogajec is not only a living legend of the race tracks he is also one of the greatest Blackjack player ever.  In 2011, Ranogajec was inducted into the Blackjack Hall of Fame with the following explanation: Ranogajec was one of the most prolific and innovative advantage players of all time. Starting with a few hundred dollars decades ago, his feats of winning hundreds of millions dollars in blackjack (and in other gambling ventures) have been written about in numerous publications, and he is now known as "the world's biggest punter."

World Record Keno Jackpot
In 1994, with an equivalent investment, Zeljko Ranogajec won a world record Keno jackpot of $ 7.5 million.

24/7 Gambling Operation
Reclusive, elusive, and secretive, our Australian gambling genius didn't work all by himself.  His wife, Shelley Wilson is also his business partner and he employs, directly or indirectly, a global network of between 30 to more than 100 spotters, researchers, analysts, bettors and administrators to "analyse form".  Ranogajec is aiming for small margin returns (1-2%) through analyzing endless series of numbers, percentages, statistics of races and ratings to finally placing last seconds' bets.  By himself he is responsible of 5% of the entire Australian racing pool turnover. 

Final words: Maths Makes Money!

The Trifecta of horse racing
Who is the biggest and the wealthiest punter?

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Tuesday, May 31, 2011

Alan Woods

Alan Woods
The most successful horse bettor of all-time and the richest gambler ever. 
That's the life of a true billionaire playboy.

Born in Australia in 1945, Alan Woods, as a child, has a passion for bridge and was gifted with brillance and aptitude for mathematics, which fascinated him.  But it wasn't until his 30s that gambling took a major part of his life.  In the late 70s, Alan Woods was a mathematician working as an actuary, he learned to count cards at blackjack then became a pro gambler travelling casinos around the world for three years.

In 1982, tired of the risky business of blackjack card counting, Allan Woods headed to Hong Kong, China with fellow card-counters, Bill Benter and their Vegas friend Walter Simmons.  As Woods would say:  "The beginning were nightmarish" but the trio finally devised a software program that gave them the edge in horse racing.  After losing their $150 000 bankroll in the first two years.  He had his first successful year in 1986-1987, winning $100 000.  Years later, all three of them were multimillionaires.

And for the next twenty years, he and his team of computer wizards, racing analysts, accountants and money runners rocked the Hong Kong Jockey Club's world. 

He was strictly a number guy.  He had not been on a racetrack for over twenty-five years.  His job ressembled more that of an accountant and computer programmer.  For him, it was all about statistics, numbers, and computer calculations.  His advice to someone who wanna be a pro gambler would be: "Don't do it unless you want to be a computer programmer."

Most remembered as an horse bettor extraordinaire, Alan Woods was a great all-around gambler.  He has been a world-class bridge player, a sports bettor, a globetrotting blackjack player, and a stock market speculator.  Horse betting was his main job and the stock market was were he did his "gambling".  In the late 90s, he took a $100 millions plunge when he attempted to short the NASDAQ stock market index just weeks before the bubble burst.  Bad timing!  Sixty days later he would have been a multi-billionaire.

Passed away on January 28, 2008, at 62 years old from an appendiceal cancer.  Allan Woods, aka Mr Huge, built an estimated fortune of $670 million before his death.  Which make him the world's greatest horse racing handicapper.

P.S. (Kid, stay in school!  As you can see, mathematics and computer skills are always a must for anyone who want to succeed as an investor and/or a gambler.)
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