“Spanky” is a New Jersey sports bettor who made his fortune after leaving a career on Wall Street – but what is Gadoon Kyrollos’ net worth?
Kyrollos discovered his passion for sports betting while working at Deutsche Bank. He began placing arbitrage bets with a colleague, before they left their jobs and co-founded their own betting business.
Gadoon used his knowledge as a computer science graduate to calculate and automate bets. However, the company was closed after the founders were mistakenly accused of bookmaking.
Due to his success, Kyrollos is banned from many casinos, and uses runners to place his bets for him.
His betting system uses calculations and formulas to ensure his bets are strategically sound. They factor in everything from line movements to injuries to give him the upper hand.
Gadoon Kyrollos Gambling Career
Prior to becoming a professional sports bettor, Gadoon “Spanky’ Kyrollos worked on Wall Street.
The New Jersey native claimed he had an epiphany while commuting to work one day.
A homeless man was yelling at passers by on the subway, telling people to “Go report to your master and keep running the rat race.”
This thought awoke something in Kyrollos, and after three years on Wall Street, the 45-year-old left his job in finance to pursue a career in high-stakes gambling.
Speaking about the homeless man who influenced him, Kyrollos said: “If I could find that guy today, I would honestly buy him a house. That’s how much he changed my life.”
Now one of the leaders in the industry, he is a well-respected member of the professional sports betting scene.
Gadoon Kyrollos Bio
Kyrollos began gambling at an early age, playing cards with his mother from the age of four.
He learned backgammon and poker as a child and was quickly hooked on the various games.
It was his mother who coined his nickname, too. “Spanky” was a character in “The Little Rascals”, and Kyrollos’ mother would call him it as he was was always getting into trouble as a kid.
He would deal parlay cards at high school and dabbled in bookmaking at Saint Peter’s Prep in Jersey City.
Kyrollos graduated college at Rutgers with degrees in computer science and finance. He gave up bookmaking as it was illegal, and learned to become a winning sports bettor.
His guiding inspiration was “The Complete Book of Sports Betting” by Jack Moore.
The book taught him valuable lessons, but another breakthrough for Kyrollos came while taking a class in “Internet Technologies.”
It led to him creating Spank Odds, a real-time monitoring and injury-alerting software designed to give bettors the advantage.
Gadoon Kyrollos Net Worth
Using the software, Kyrollos built his bankroll steadily from $8,000 to $1 million with his betting partner.
Since quitting his job, he now heads an organisation with 14 full-time employees.
Alongside these, he also outsource analysts, and have hundreds of betting partners worldfwide.
They have built up an expansive network wagering hundreds of millions of dollars each year.
Exact figures for Gadoon Kyrollos’ net worth are hard to come by, but he is well-known as one of the best professional gamblers in the business.
The hardest thing now for Kyrollos is finding places to take his bets.
He said: “Once you know how to win, it’s like a card counter in blackjack.
“The problem is finding a bookmaker to accept your bets. That’s the hard part. The cat-and-mouse game we have to play with the casino.
“So I have to rely on beards and different people and different ways to get down. That’s the most important part of the business.”
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