My First Million

He made $100m betting on the NBA… here’s how

676 snips
Feb 7, 2025
Haralabos Voulgaris, a legendary figure in sports betting, shares his journey from novice gambler to a multi-million dollar success story. He reveals his unique strategies, blending psychology and statistics, particularly in basketball. Voulgaris discusses his controversial view that 'casinos are for losers' and dives into his ventures with Bitcoin and even owning a soccer team. He highlights the emotional and financial intricacies of rapid wealth accumulation, stress management, and the transformation of individual betting to a collaborative operation.
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ANECDOTE

Vegas Immersion

  • At 19, Voulgaris spent a month in Vegas with his father, watching basketball games in sportsbooks.
  • He realized he enjoyed it and wanted to become proficient, so he began studying the game and market.
ANECDOTE

Learning from Sharps

  • Voulgaris developed pattern recognition skills by observing sharp bettors at the Stardust Casino's morning lottery.
  • He analyzed their bets, line movements, and consistency to identify profitable patterns.
ANECDOTE

Canadian Football Edge

  • Voulgaris's first profitable pattern was in Canadian football, exploiting rule differences and stadium discrepancies between Canadian and American teams.
  • This edge allowed him to capitalize on market inefficiencies.
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