This is not a secret that the owners of the gambling business are impressively rich people. According to Forbes magazine, the list of the richest people in 2020 includes businesspeople who made their fortune in the gambling business. So, who they are and how much do they earn – read below.
1) Sheldon Adelson – $26.8 billion
Sheldon Adelson is one of the richest people in the world and is ranked 28th in the Forbes list. The 86-years old gambling magnate owns the largest casino chain in the United States – Las Vegas Sands. Besides, he is a well-known philanthropist, who founded a charitable foundation where he annually donates $200 million.
2) Lui Che Woo & Family – $11.7 billion
The next richest man on the 106th position of Forbes is also a casino magnate. His name is Lui Che Woo and he founded the consulting company Galaxy Entertainment Group, which now manages six casinos in Macau. At the age of 91, Mr. Woo goes to work every day. He is one of the richest people in Hong Kong and more than half of his profits come from casinos.
3) Johann Graf – $6.5 billion
Austrian businessman Johann Graf made his fortune by developing the best online pokies. He created Novomatic Group conglomerate with an annual turnover of $2 billion. Today, the company has 43 offices in different countries and exports its services to more than 80 countries in the world. In the Forbes list, Graf is ranked 230th.
4) Mark Sheinberg – $4.9 billion
In 2001, Mark Scheinberg and his father founded PokerStars. In 2014, Mark sold the famous poker brand, thus becoming the youngest billionaire on the planet. In 2017, he was even named the richest man on the Isle of Man. In 2020, Mark Scheinberg is ranked 345th in the Forbes list.
5) Denise Coates – $4.5 billion
Denise Coates is a successful British businesswoman and co-owner of the highly profitable online betting company Bet365. This business is family-owned – other shares of the empire belong to her brother and father. In the list of the richest women in Great Britain, Coates is ranked 5th. She started counting for her father’s bookmaker company at school, eventually turning it into a digital giant. In 2020, she takes her 383rd place in the list of the richest people in the world.
6) Teddy Sagi – $4.5 billion
Israeli businessman Teddy Sagi founded Playtech – a gaming software company and turned it into a highly successful venture. In 2016, he sold his shares in Playtech for $400 million. Now the billionaire owns 21.6% of the company and shares the 383rd place in Forbes list with Denise Coates.
7) Chen Lip Keong – $4.1 billion
At the 437th line of the Forbes rating is the owner of NagaWorld company in Cambodia. Nowadays, NagaWorld is considered the largest casino resort in Indochina.
This is not a complete list of the richest people in the gambling business. However, these names have already gone down in history.
Basic blackjack strategy
The single most important thing that you need to understand about the game of blackjack is that it is a game of player decisions.
Unlike any other game in the casino, when playing blackjack your decisions can have an outcome on how the hand plays out and thus can contribute to the wins or losses of the players at the table. Because of this fact, there is a mathematically proven strategy that gives you the best advantage when playing, and this should be used every time you play if you want the best odds in the long run.
This strategy is known as basic strategy and is illustrated in the blackjack strategy chart shown below:
As you can see from the diagrams in the chart, basic strategy outlines exactly how you should optimally play when considering what you have been dealt in relation to the dealer’s hand. Many new blackjack players make the mistake of going with gut feeling and being afraid to bust when they play, but using basic strategy every time is the best way to give yourself favorable odds during play.
If you are familiar with casino games, you will know that the house has the advantage in every game in the casino, which is how they turn a profit. Blackjack is no exception, however is one of the lowest house edge games in the casino, which is why it’s such a great game for players to learn and play.
The house edge in a typical blackjack game is around 0.50 percent when a player uses perfect basic strategy during play. This means that for every $100 you bet, the casino expects to win $0.50 from you over an infinite number of hands. The reason why basic strategy is so important is because if you take this same example of a $100 average bet and apply it to an unskilled player, the house advantage can go as high as 2.5 percent or more, meaning that the house would expect to win $2.50 or more over time.
Because of this, it’s easy to see why playing with basic strategy is the best choice for players each and every time.
Yes is correct