He was a professional gambler. He was not a card player type, but a machine type.
There is no path to a positive payoff of gambling machines, unless you work for the house.
$100 in = $60-80 back (but clean) at best with machines.
His real estate investments were financed by this cash flow. Wherever it came from.
So all professional gambling machine players are money launderers? Not buying it.
More likely, just an addict.
Those are all assumptions. It has been reported that he owned at least two apartment buildings in addition to other investments. That could mean he was receiving a steady, sizable income from rental payments. If he was truly a millionaire, he could possibly afford to average a loss at gambling over time. If he was as gifted with numbers as we have been told, he could have been better than the average player, allowing him to keep his losses minimal (at least in comparison to his income or net worth).
Those payoff stats are not accurate and that's not even close to how professional gamblers operate.
They play in tournaments for prize money for starters...
What machines have a 60 percent payoff?
I know a little about the subject of gambling machines. Smart players can make money from them. The machines will do little payouts all the time and every now and then they will do a big payout. If you know when it’s time for the big payout you can make money. I see it all the time.