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The Overnight Millionaire

The Overnight Millionaire

63,500 subscribers

👁 108,357 views

The Legal Gambling Loophole That Made Zeljko Ranogajec $1 Billion

Video Overview & Insights

Zeljko Ranogajec is one of the most mysterious gambling billionaires in history — a man who legally beat the gambling system using nothing but math, data, and insane discipline.

Tax free gambling is dumb

— @inspo_expo

In today's documentary, we break down how a shy student from Tasmania went on to build the world’s most powerful gambling syndicate, legally exploiting a hidden loophole in the betting system that even governments overlooked.

We'll cover:

that can not work he said if you bet $100 dollars and lose $5 dollars wtf ??? if you bet 100 and lose you lose all 100. the rebait thing would give you 10 back so you still lose. now if you want to bet 100 again you need to add 90 more so you still lost.

— @LegitKev.

- How Zeljko made over $1 billion betting on horse racing and all betting using one betting strategy

- The mathematical model he used to predict outcomes

Pronounced jell-ko, not zelly-ko

— @mark22799

- The rebate glitch that gave him an unfair advantage

- Why the government and betting agencies looked the other way

Is the movie 21 about him?

— @heemdollas

Make sure to watch until the end as we explain the exact method he used to turn small wins into an empire.

#Gambling #betting #Documentary #HorseRacing #Casino #gambling

Casinos are always wise to these methods, where groups of counters playing blackjack will team together. Better to play alone, and disguise your play, not get greedy, and go for smaller profits, where you won't get noticed.

— @Eds7570

More User Perspectives

@

I h8te cheaters and those who use loopholes to game the gaming system. Now we can't buy lotto tickets online. rook tx!

@themaniamchannel7262
@

1:23 that’s not Zeljko, that’s a picture of David Walsh (his friend).

@dannymars
@

"hey boss, you know our favorite unofficial, unregulated, highly compensated market maker from the last, oh, thirty years?"

"Yeah. I love that guy! What about him?"

"He just revealed everything."

"........"

"Boss? You okay? Uh, do I need to call someone? Hey secretary, I think the boss is broken."

@vnep5743
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banned him? the swindlers got swindled.

@ShawnFields-o7o
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Zeljko is the biggest gambler the world have ever seen by far. More about mathematical edges and rebates. The smartest gamblers in the world like Zeljko and Alan Woods who stripped the Hong Kong tote came out of Australia in the Eighties because they all grew up on racetracks with track bookmakers. They could all add up a betting boards and understood percentages ,mathematical edges and rebates rebates.

@48tilt
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Dunno how these channels manage to get viewers/subscribers by doing barely an outline of a story, adding only about a 0.1 specific details/minute then just padding out a 20 minute video with general topical facts and generic claims/statements and some bland dramatization

@fightington
@

Catch me if you can

@docmartinjnr4281
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No mention of TAB employees getting a nice kickback from the 10%

@geoffpic6550
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Potang ina may Ivana Alawi haahhaahahahahahahaha

@KeepWinning99Millions
@

Australian gov has now decided to tax gambling wining like america

The catch is, the tax office is trying to back date the taxes to 2006 but they only made the decision to tax winnings in the past few years, so thats a serious back date. Pretty unfair on all the previous winners. As if theyd of saved a percent of their winnings all these years to pay taxes they didnt legally owe until recently. Sounds like the gov is just jealous of their winnings and trying to cash in.

Uk gambing winnings are still tax free

@drc-on-rad
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I like this guy!!

@Mr--_--M
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This is crazy, I just watched this video the other day and today I see an article that said this guy, his team and another guy were just named for pulling off the TX Lotto win that is currently being investigated by the state. They bought just about every combo at an online retailer. Won like $94M. The King of Loopholes has made a return. Wow!

@BooYah_B
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These AI voices are becoming annoying... 😮

@tobyfitzpatrick3914
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so card counting

@DermotBrophy
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Caan Berry will be stealing this content watch out kids

@Bigdih69
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16:33 How do you bet $100 and lose $5?

@ainokea4u
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Loophole my arsehole

@Johngidds
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Impressive, let me know if he’s hiring

@kavontaefuller5631
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IZeljko has been a legend in OZ gambling circles for many years. knew a guy who worked on his BJ card counting teams.I ran into him with Zeljko at Sydney Harbor Casino (before it became STAR). He bought me lunch.

@peterkramar6555
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No Way

@Kevin.Costner.
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1 billion damnn son

@cashboyballin