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From the early 1980s, the mathematically-gifted Walsh provided the solutions to Zeljko’s entrepreneurial bent for gambling. Initially Walsh’s calculations were deployed to lethal effect on the blackjack tables at Wrest Point Casino in Hobart. The punters were also schooled to say they “are not aware of all the members” of the syndicate, would need to check who distributed the funds and which bank account they came from, the Financial Reviewreported. Instead of a self-portrait on his locked Twitter account, there’s a picture of his million-dollar sports car, a Lamborghini Aventador coupe with the Sydney Harbour Bridge in the background. The amount Hobart-born Zeljko is betting with Tabcorp and other gaming operations around the world is estimated to be in excess of $3 billion. Punters were spending a total of just above $900 per game until the jackpot grew to over $18,000 making it mathematically attractive to big punters.

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And this is what is about to make the reputed billionaire even richer. To date, Zeljko/Wilson’s British company Colossus Bets has operated as a pool betting product, which allows punters to predict the scores and outcomes of sporting events. The amounts staked are placed into a pool, and winning players receive the pool amount less any deductions. In July of that year, an audacious but calculated betting splurge saw him splashed over the front page of The Sydney Morning Herald. Dubbed “the King of Keno”, Zeljko was aware that the jackpot at North Ryde RSL had reached $4 million. For six days straight he ploughed an estimated $10 to $13 million to win the $7.5 million jackpot.

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That amount was wagered on each successive game until the jackpot of $26,517 went off on game 503. Citing “commercial” considerations, the gaming company wouldn’t confirm the amount it rebates to Zeljko, who is widely believed to be its biggest client. Nor would Tabcorp disclose how much had to be wagered per annum to get a rebate. In reality Zeljko Ranogajec, whose secretive world-wide gambling operation turns over more than $3 billion per year, rents one of his Sydney mansions to radio shock jock Kyle Sandilands.

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