Bill Benter. As everyone who has ever bet on a race or step foot in a casino knows, gambling is a game of luck and chance. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. Bill Benter. The Hong Kong Jockey Club publishes all of the results for each race on their website. Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. The Gambler Who Cracked the Horse-Racing Code. A logit-based technique and a corresponding heuristic measure of improvement are described for … William Benter HK Betting Syndicate, Hong Kong ABSTRACT This paper examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. The expert horse tipsters we license offers brings between 10 to over 20 years of professional experience in the sports markets, who use their own or industry standard horse racing betting systems to produce weekly horse selections, including major events as the Triple Crown and other global events. Computer-Based Horse Race Handicapping and Wagering Systems: Benter, Bill, Benter, William: 9789841259938: Books - Amazon.ca Many of us have never heard of him, but he may go down in history as the greatest gambler of all time. One person who was in a league of their own when it came to picking horse racing winners at a consistent pace, the legendary gambler and horse race bettor, Bill Benter revolutionized the way bettors view horse racing, and changed the way many people wagered on the sport. By J.N. They both have their own custom made algorithm to create our horseracing tips. In the mid-80’s, using his mathematical wizardry, Benter produced an computer algorithm to beat Hong Kong horse racing, and in the process amassed nearly $1 billion. Did you ever consider horse race betting as a viable career path? Inspired by the story of Bill Benter, a gambler who developed a computer model that made him close to a billion dollars 1 betting on horse races in the Hong Kong Jockey Club (HKJC), I set out to see if I could use machine learning to identify inefficiencies in horse racing wagering.. Data. Bill Benter is the man behind the world’s best horse racing algorithm. If a bookie gave a horse a 4-1 chance of winning, Benter's model could show it was more of a 3-1 shot. Close to a billion dollars later, he tells his story for the first time. Mr Bill Benter is the most famous gambler you have never heard of. This video was made possible by our Patreon community! In the first year, Benter and his algorithm weren’t ready for this and he … Bill Benter the man who created a horse racing betting algorithm and made £Million’s. This book examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. In his first public interview with bloomberg.com , Benter describes his ascension from counting cards at blackjack tables to hitting one of the largest paydays in the history of Hong Kong racing. Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track, and it’s won him close to a billion dollars. Tanner Latham. So what can investors learn from Bill Benter? How about Edward Thorp? People. It chronicles the life of Mr Bill Benter, a swashbuckling horse-racing gambler born in Pittsburgh in the United States, who originally started as a professional blackjack player in the colourful casinos of Las Vegas. Bill Benter The math genius who cracked the horse betting algorithm. Well, for Bill Benter, a college dropout from Pittsburgh, who spent years cracking the betting algorithm to increase his odds, it was a lucrative decision that changed his life. It's the method used by shrewd computer geeks to make millions of dollars on Hong Kong racing. Campbell. The Gambler Who Cracked The Horse-Racing Code Bloomberg Businessweek | May 14, 2018. Vegas . William Benter. The one solution to bring in more horse racing winners then losers. Through great discipline, diligence and obsessive devotion, he beat the bookies at their own game, earning millions in the process. Bloomberg Businessweek Horse racing is something like a religion in Hong Kong, whose citizens bet more than anyone else on Earth. Horse racing has long been an international phenomenon, and betting on it just as much so. William Benter was born in Pittsburgh, Pennsylvania … Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Bill Benter - Professional Gambler; The power of 'deep state' handicapping By Jon Hudson They call it 'deep state' handicapping. Benter now spends his evenings making money as part of a horse-racing syndicate, taking home a rather princely sum of money indeed. Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Woods knew more about horse racing than Benter, so Benter leaned on his knowledge at the start. We have two types of Horse Racing packages within the single sign up price; Two Per Race and Rating. Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. But for one man, there are ways of increasing the likelihood of a victory – and cracking the code has made him big money over the years. Bill Benter is the billionaire punter who cracked the horse-racing code. I read a fascinating Bloomberg article recently about Bill Benter – the gambler who cracked the horse racing code. Is Bill Benter the real deal? A few takeaways on how he did it: In 1980s Las Vegas, Benter made about $80,000 a year as a member of a professional blackjack team. At 61, Benter walks with a slight stoop. February 3, 2021. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. Next time you place a wager on a horse there is a possibility an individual or a group out there in the world is using one of their theories or algorithms against you. True odds: How the algorithm made syndicated bettors. Bill Benter has made nearly a billion dollars wagering on horse racing, utilizing an algorithm he created to analyze up to 120 different variables on each horse entered in a particular race. Close to a billion dollars later, he tells his story for the first time. Bill Benter did the impossible: In the mid-80s, he invented an algorithm that increased his odds of winning at the race track. Ever wondered how our Horse Racing Algorithm works to create our profitable horse racing tips? ️See new videos early, participate in exclusive Q&As, and more! It worked. Does the name John L. Kelly Jr. resonate with you? https://cavemancircus.com/2020/04/02/the-greatest-gambler-of-all-time This has caused waves in Hong Kong’s horse-racing markets, with key organiser the Hong Kong Jockey Club feeling the effects of Benter’s powerful system. He is one of the world’s wealthiest gamblers. His algorithm has made him close on a $1 billion in the Horse Racing market. Close to a billion dollars later, he tells his system. Someone who was there cites it in a paper of their own, and then a bunch of other people copy the citation without actually having seen/read the "paper". In 1991 he … This paper examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Mr Bill Benter and an associate named Paul Coladonato had their eyes fixed on a bank of three monitors, which displayed a matrix of bets their algorithm had made on the race-51,381 in all. Together with his algorithm Benter produced a supply of winners. Source: Bloomberg and. The Gambler who Cracked the Horse Racing Code. Bill Benter wrote an algorithm to win over a billion dollars at the Hong Kong horse-racing tracks. Benter used algorithms to crunch data, coming up with slightly more accurate odds. The thrill of watching powerful, majestic animals going head to head in a competition of speed and skill is heightened further by the rush of placing a wager, whether big or small. The problem with horse racing outright betting is there are so many variables on the track. Bill Benter, the American professional gambler wrote an algorithm that could not lose at the horse racing track. 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