5 of the richest American gamblers in history

5 of the richest American gamblers in history

5 of the richest American gamblers in history
In gambling, it is said “the house always wins.” Indeed, the house does have mathematical advantages across an array of popular table games. For example, the house edge in blackjack is around 0.5 percent, one of the lowest advantages of any casino game. However, boneheaded play can elevate the house’s advantages in blackjack to as high as 2 percent. In mathematical terms, a house benefit of 2 percent means the player is expected to lose $2 on each $100 he wagers.

5 of the richest American gamblers in history

Aside from the mathematical hill gamblers need to climb to be profitable, critics assert that gambling success revolves largely around luck, not skill. The richest gamblers are likely to disagree with the luck argument, especially in sports betting, poker, and blackjack (for players who can count cards). One does not become a rich gambler on sheer luck. It takes practice, persistence, some mathematical proficiency and high levels of skill to join the pantheon of the richest gamblers.

The following richest gamblers from the U.S. confirm as much.