Betting do's and don'ts
Zeljko Ranogajec enjoying a walk around Balmoral in Sydney.Source:News Limited
HE IS the 56-year-old Tasmanian known as the world's biggest gambler — and he's been revealed as the man behind a 'high risk' play to transform Britain's racing industry.
Zeljko Ranogajec, Australia's leading professional punter who successful applies value analysis to horse racing. Zeljko,pronounced Jelko, is estimated to turn over $1billion a year in his professional gambling operation. Ranogajec was born in Hobart, Australia in 1961, to Croatian immigrants, and originally studied to become a lawyer at the University of Tasmania. He then transferred to New South Wales, but was distracted by the lure of casinos. Zeljko Ranogajec started off as an amateur card counter from Australia who would eventually become a multi-billionaire as a result of all of his gambling endeavors. Although blackjack is what sparked his interests early on, getting barred from almost every casino in Australia caused him to look for other sources of income. Zeljko Ranogajec has been dubbed as the Joker and the Loch Ness Monster as his secretive gambling operation continues to roll in millions of pounds worth of profit. The 59-year-old is far from an average bettor, and is said to use a unique ‘rebate' method to win on. Zeljko Ranogajec was born on 22 May, 1961 in Hobart, Australia, is a Businessman;Professional gambler. Discover Zeljko Ranogajec's Biography, Age, Height, Physical.
The man known as the 'Loch Ness monster' and 'The Joker' is making headlines in the United Kingdom with his Colossus Bets firm about to shake-up horse race gambling.
Zeljko Ragonajec has previously been identified as the world's biggest punter, wagering up to $1 billion in annual bets and previously making up to eight per cent of Tabcorp's entire wagering turnover.
Zeljko Ranogajec Gambling
The Times reports Colossus Bets new venture Britbets will become a major competitor to the Tote service and will have wagering venues at all 55 of the recognised racing venues in the UK.
The report claims the Sydney property baron owns an apartment at the world's most expensive unit block at One Hyde Park in London where similar flats have previously sold for around $180 million.
Despite a public Australian Taxation Office investigation and reports linking him as the central figure in Australia's most secretive gambling syndicate — known as the Punters Club — Ranogajec remains a figure clouded in mystery — as does the size of his reported fortune.
Zeljko Ranogajec is an international man of mystery.Source:News Limited
He is believed to have a second identity — using the name John Wilson, his wife Shelley's maiden name.
News Corp reports from almost a decade ago claimed Ranogajec's betting operation had a staff of up to 100 people just to analyse form guides and identify racing and sports betting strategies.
Along with his completely legal gambling empire, Ranogajec is notorious in Australian betting circles for his ability to broker agreements with bookmakers to offer him rebates on his high-stakes bets.
Overseas, Ranogajec has been extended betting rebates of up to 10 per cent of total bets in pool-based betting markets where the bookmaker claims a percentage of the total prize pool before distributing the left over funds to successful punters,
Under the model, Ranogajec and his army of gambling experts only had to break even on their wagering to make a profit made up from their rebate.
Fairfax Media reports Ranogajec and his team are masters of algorithms, sophisticated computer programs and analytics and mathematics to identify paydays in gambling markets.
The same report claims the ATO came after Ranogajec and his Punters Club for a fee of more than $600 million in 2012 — before an undisclosed settlement was reached. The syndicate claimed its betting activity was not an organised business, but a gambling club.
Zeljko Ranogajec has lots to smile about.Source:News Limited
Ranogajec reportedly left Australia after the ATO settlement where he reportedly started up Colossus Bets alongside one other major shareholder shortly after settling in the UK.
That company's new arm Britbet will begin waging trackside throughout the UK in July as the new competition to the privatised Tote betting service.
Bodog sports login. The service claims to be 'for racing' and has stated its intent to re-invest profits back into the sport.
However, not every commentator has been supportive of the new program to challenge the established Tote.
Australian-based TAB chief executive David Attenborough said earlier this month Britbet appears a 'high risk' venture.
'It's only three per cent of the total anyway, and now they are going to split the pool,' he said, according to racingpost.com.
'That's a really hard model to make money out of.'
It's not something Ranogajec has ever struggled with before.
While many have never seen Zeljko Ranogajec in person and even more have never heard of him, he still goes down as one of the best sports bettors of all time. 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, according to some sources. As he keeps on betting in large amounts, his net worth will keep on rising as it is at $600 million right now.
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 was known for betting on one side of the line, allowing other bettors to follow suit, and then taking the other side of the line, leaving a nice gap for middling purposes. Between his gambling, his background, and the problems that arose surround Ranogajec including casino bans in different countries, the story of this famous sports bettor is better than many.
Ranogajec's Early Stages Of Betting
Born in Hobart, Australia, Ranogajec figured out his gambling capabilities when attending the University of Tasmania as a Commerce and Law student. Study finance, banking, and taxes, he was able to utilize his advanced 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 with the dreams to become a lawyer until he dropped out to focus on gambling.
Before sports betting, Ranogajec focused on horse racing and blackjack and has even been known to wager 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. Ranogajec now lives in the U.K., according to reports, however his nickname the Loch Ness Monster applies well since many residents and neighbors have never once seen him. He also goes by his alias, John Wilson, which is the name on all of his business practices.
Zeljko Ranogajec's Betting Habits
When it comes to horse racing, the biggest trends according to those associated with Ranogajec include four major stipulations.
1) Finding betting opportunities that are highly liquid (on platforms such as Betfair).
2) Understand and utilize betting algorithms and confidently placing a wager that
3) have a significant profit margin, regardless of the amount you wager. However, his margins always seemed to increase as he would focus on
4) getting rebates from gambling sites and bookies.
It is believed that Ranogajec brought in over 5% TabCorp's annual revenue himself and 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. The members consist(ed) of math-focused bettors who are inclined to gamble and understand the times and moments to capitalize. His group was responsible for playing both sides of the line, as he would make an initial wager (causing the line to shift), wait for other players to bet that side hard as well, and middle the action by playing the opposite side of the line as well. In theory, middling such as this will allow you to break even should you hit both sides of the bet in one of twenty-one instances.
He also founded Colossusbets Limited which operated horse racing pools throughout the U.K. However, in 2018, Britbet (their partner) pulled Colossusbets as a partner and this venture was short-lived. Now, Ranogajec and his team operate and employ a few hundred Australians, who 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.
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
The Times reports Colossus Bets new venture Britbets will become a major competitor to the Tote service and will have wagering venues at all 55 of the recognised racing venues in the UK.
The report claims the Sydney property baron owns an apartment at the world's most expensive unit block at One Hyde Park in London where similar flats have previously sold for around $180 million.
Despite a public Australian Taxation Office investigation and reports linking him as the central figure in Australia's most secretive gambling syndicate — known as the Punters Club — Ranogajec remains a figure clouded in mystery — as does the size of his reported fortune.
Zeljko Ranogajec is an international man of mystery.Source:News Limited
He is believed to have a second identity — using the name John Wilson, his wife Shelley's maiden name.
News Corp reports from almost a decade ago claimed Ranogajec's betting operation had a staff of up to 100 people just to analyse form guides and identify racing and sports betting strategies.
Along with his completely legal gambling empire, Ranogajec is notorious in Australian betting circles for his ability to broker agreements with bookmakers to offer him rebates on his high-stakes bets.
Overseas, Ranogajec has been extended betting rebates of up to 10 per cent of total bets in pool-based betting markets where the bookmaker claims a percentage of the total prize pool before distributing the left over funds to successful punters,
Under the model, Ranogajec and his army of gambling experts only had to break even on their wagering to make a profit made up from their rebate.
Fairfax Media reports Ranogajec and his team are masters of algorithms, sophisticated computer programs and analytics and mathematics to identify paydays in gambling markets.
The same report claims the ATO came after Ranogajec and his Punters Club for a fee of more than $600 million in 2012 — before an undisclosed settlement was reached. The syndicate claimed its betting activity was not an organised business, but a gambling club.
Zeljko Ranogajec has lots to smile about.Source:News Limited
Ranogajec reportedly left Australia after the ATO settlement where he reportedly started up Colossus Bets alongside one other major shareholder shortly after settling in the UK.
That company's new arm Britbet will begin waging trackside throughout the UK in July as the new competition to the privatised Tote betting service.
Bodog sports login. The service claims to be 'for racing' and has stated its intent to re-invest profits back into the sport.
However, not every commentator has been supportive of the new program to challenge the established Tote.
Australian-based TAB chief executive David Attenborough said earlier this month Britbet appears a 'high risk' venture.
'It's only three per cent of the total anyway, and now they are going to split the pool,' he said, according to racingpost.com.
'That's a really hard model to make money out of.'
It's not something Ranogajec has ever struggled with before.
While many have never seen Zeljko Ranogajec in person and even more have never heard of him, he still goes down as one of the best sports bettors of all time. 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, according to some sources. As he keeps on betting in large amounts, his net worth will keep on rising as it is at $600 million right now.
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 was known for betting on one side of the line, allowing other bettors to follow suit, and then taking the other side of the line, leaving a nice gap for middling purposes. Between his gambling, his background, and the problems that arose surround Ranogajec including casino bans in different countries, the story of this famous sports bettor is better than many.
Ranogajec's Early Stages Of Betting
Born in Hobart, Australia, Ranogajec figured out his gambling capabilities when attending the University of Tasmania as a Commerce and Law student. Study finance, banking, and taxes, he was able to utilize his advanced 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 with the dreams to become a lawyer until he dropped out to focus on gambling.
Before sports betting, Ranogajec focused on horse racing and blackjack and has even been known to wager 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. Ranogajec now lives in the U.K., according to reports, however his nickname the Loch Ness Monster applies well since many residents and neighbors have never once seen him. He also goes by his alias, John Wilson, which is the name on all of his business practices.
Zeljko Ranogajec's Betting Habits
When it comes to horse racing, the biggest trends according to those associated with Ranogajec include four major stipulations.
1) Finding betting opportunities that are highly liquid (on platforms such as Betfair).
2) Understand and utilize betting algorithms and confidently placing a wager that
3) have a significant profit margin, regardless of the amount you wager. However, his margins always seemed to increase as he would focus on
4) getting rebates from gambling sites and bookies.
It is believed that Ranogajec brought in over 5% TabCorp's annual revenue himself and 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. The members consist(ed) of math-focused bettors who are inclined to gamble and understand the times and moments to capitalize. His group was responsible for playing both sides of the line, as he would make an initial wager (causing the line to shift), wait for other players to bet that side hard as well, and middle the action by playing the opposite side of the line as well. In theory, middling such as this will allow you to break even should you hit both sides of the bet in one of twenty-one instances.
He also founded Colossusbets Limited which operated horse racing pools throughout the U.K. However, in 2018, Britbet (their partner) pulled Colossusbets as a partner and this venture was short-lived. Now, Ranogajec and his team operate and employ a few hundred Australians, who 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.
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.
Gambler Zeljko Ranogajec
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Zeljko Ranogajec continues to make money in 2021 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. He is known as 'the Loch Ness Monster' in gambling circles as he's a 'legend' that's rarely been 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 now being used for charity. Ranogajec donates millions every year to a variety of charities. One of the main charities he is aligned with is the Humpty Dumpty Foundation. This charity is responsible for delivering important equipment to various children's hospitals. While not so much a sports bettors anymore, Zeljko Ranogajec is still doing great things with his time.
Zeljko Ranogajec Twitter
Zeljko Ranogajec Named Biggest Gambler In The World
Zeljko Ranogajec Net Worth
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. Publicly, he will not share any real information about himself or his business. This will certainly lead to the future legends that will be told in gambling circles about a man named Zeljko Ranogajec that went from poor beginnings to the most successfully rich gambler in the world while staying under the radar the entire time.
