Last updated on: September 21st, 2023
Famous Sports Bettors: Zeljko Ranogajec Bio
While many have never seen him in person and even more have never heard of him, Zeljko Ranogajec sports betting + gambling history makes him go down as one of the most famous sports bettors ever. Ranogajec is a “multi-billionaire” according to anonymous reports from family members. However, the evidence of that is clear when you understand his betting habits. Ranogajec is keen on placing large wagers, allowing him to place over $1 billion in action per year. As he keeps on betting in large amounts, Zeljko Ranogajec net worth keeps rising, estimated at $600 million by others.
He has single-handedly propped up various legal sports betting organizations and books due to his high volume of wagering. With so much money to spend, he’s known to be the sharp the moves the line. Afterward, the public keeps moving it, and he middles the gap. Looking at one of the famous sports bettors: Zeljko Ranogajec bio shows why casino bans in different countries is only a part of his story.
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Ranogajec’s Early Stages Of Betting
Born in Hobart, Australia, Ranogajec figured out his gambling capabilities when attending college. At the University of Tasmania, he studied Studying finance, banking, and taxes. With this, he was able to use his mathematical understanding to count cards for blackjack. Taking a few casinos in the area for some quick cash, he transferred to the University of New South Wales in Sydney. He did have dreams of becoming a lawyer, but dropped out to focus on gambling.
Edges In Horse Race Betting
Before becoming one of the most mysterious famous sports bettors, Ranogajec bet on horse racing. In fact, some say he bet on every single Australian Thoroughbred race. His belief is that there are margins to figure out and with horse racing, even the smallest wager can help out. Also, he goes by his alias, John Wilson, which is the name on his business practices.
Zeljko Ranogajec’s Betting Habits
At horse racing betting, Ranogajec’s biggest trends include four major stipulations.
- Finding betting opportunities that are highly liquid.
- Understand and utilize betting algorithms to place a wager.
- Have a significant profit margin, regardless of the amount you wager.
- Focus on getting rebates from gambling sites and bookies.
The Punters Club
Some say Ranogajec brought in over 5% TabCorp’s annual revenue himself. Also, his action on Betfair added up to about the same. This large betting style came in the form of a group he started up known as the Punters Club. Consisting of math-focused bettors, the group focused on timing and when to capitalize. His group played both sides of the line and middled the action by playing the opposite side of the line as well.
Still Thriving
Also founding Colossusbets Limited, this venture was short lived. Operating horse racing pools, Britbet pulled their partnership with Colossusbets in 2018. Now, Ranogajec and his team operate with a few hundred Australians. They run a sports betting operation that deals with spotters, bettors, and analysts.
Casino Bans And Problems Around The World
In his Australia days, Ranogajec was quick to be axed from the casinos. Using advantage play and card counting during blackjack, the Wrest Point, the Jupiters Casino, and more banned him from entry before he was a big shot. In a short time, he became the guy to look out for in Australia and soon nearly every casino in the country wasn’t permitting him to enter based on Zeljko Ranogajec sports betting + gambling history.
Ranogajec then took his talents to Las Vegas and rounded up a group of college friends to card count alongside of him. Trips were productive; however, one member died in a car accident, which left the group unwilling to continue. Ranogajec started a secondary group soon after and his success with both parties had him banned from nearly every Las Vegas casino as well.
Issues stemming around money laundering and the connection between personal- and business-related expenses have always plagued Ranogajec. While government departments such as the Australian Tax Office has investigated Ranogajec’s finances repeatedly, the same result always comes into the report: no evidence of wrongdoings.
The largest issues came when he would use start-up money for one of his (or friends’) many businesses operations for gambling. Australian law prevents gamblers from using winnings to fund business operations without paying taxes and the ATO discovered this was done on multiple occasions, whether Ranogajec was the head of the business or only slightly involved.
The Rest About Ranogajec
Ranogajec shouldn’t be labeled as a criminal though, despite his constant involvement with battling casinos and governmental departments. As a philanthropist, he has donated millions to the Humpty Dumpty Foundation, which supplies children’s hospitals with medical equipment and helps fund additional services.
Ranogajec was inducted into the Blackjack Hall of Fame at the Blackjack Ball, an invite-only gambling event and recognition. This was the last time anybody has reported seeing Ranogajec or his wife; however, we know the success continues, as his companies continue to make bookmakers wince with pain every time they see a few billion laid in their books.
Profiting In The Shadows
Zeljko Ranogajec continues to make money from his sports betting endeavors while remaining to keep his low profile. Even his online accounts are private and do not display his photo. Bios on these social media platforms (typed by the man himself) use the word “allegedly” when referring to his sports betting successes. Known as “the Loch Ness Monster” in gambling circles, he’s a “legend” that’s rarely spotted. His businesses in the Isle of Man and a series of “runners” and representatives to make his moves allow him to bank in the gambling world while staying behind the scenes entirely.
What Is Ranogajec Doing Today?
Today you can find Zeljko Ranogajec spending the latter part of his life giving instead of winning. The millions he has accumulated through sports betting, horse racing, and other gambling endeavors are used for charity. Ranogajec donates millions every year to a variety of charities. One of the main charities he’s with is the Humpty Dumpty Foundation. This charity is responsible for delivering important equipment to various children’s hospitals.
Zeljko Ranogajec Named Biggest Gambler In The World
While Ranogajec continues to remain behind the scenes when it comes to gambling, he has been named the biggest gambler in the world. His net worth from his earnings through betting is rumored to be in the billion-dollar range but Ranogajec has said this is a gross exaggeration. The beautiful mind behind Colossus Bets continues to make billions from his own syndicate. However, with some Australian horse racing companies saying that Zelj is responsible for more than 25% of their total handle, it’s clear that he’s using real money betting sites in a way that other big players simply cannot.
