Bill benter reddit The story begins in Hong Kong a mecca for gambling vast sums of money. May 6, 2018 · 人人都想發個橫財夢，美國職業賭徒Bill Benter利用所創「賭馬方程式」，由1989年至2007年期間，賺取香港賽馬會在內的馬場，超過10億美元獎金，折合約港幣78億元。 這位「馬場賭神」Bill Benter其後卻因贏得太盡觸動本港馬會神經，他稱遭凍結其投注戶口。 You want the PPs of all active horses? I was thinking more like 5 horses lol. A Special Thank You to Our 2025 Q Ball Sponsors Presenting Sponsor Individuals Vivian and Bill Benter Carole King and Charles R. In fact, he is close to winning a billion dollars. This man made a fortune from horse racing by writing an algorithm than seemingly couldn't lose. the lodge poker club live stream . Meanwhile, people like Warren Buffettt keep making money. Aug 15, 2025 · The anonymous winner was multimillionaire William “Bill” Benter (USA), a Pennsylvanian math-whiz who turned his talent with numbers into a successful career as a gambler. I am wondering what are the big names of guys like this for sports or horses or whatever that come to mind in this sphere? the lodge poker club live stream . I've always though this would be an interesting Feb 15, 2021 · Bill Benter is one of only a few who has managed to master the world of betting on Horse Racing. . At 61, Benter walks with a slight stoop. May 9, 2018 · Like, almost $1 billion profitable. 25 votes, 65 comments. 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. Apr 3, 2024 · Alan Woods and Bill Benter shared a passion for horse racing, which led them to explore the potential of applying mathematical principles to betting on races. May 3, 2018 · Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Benter wanted something… Sep 13, 2023 · Math genius and avid gambler Bill Benter - now worth $1bn - created an algorithm to crack Hong Kong’s horse racing system. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. Benter visited the blackjack tables at Vegas to perform the card counting techniques he learned from Edward Thorp’s classic book Beat the Dealer. How does he get stuff like that There's not actually any documentation whatsoever available through what you've cited to support the claim. Originally from Pennsylvania, Bill Benter began his betting career in Las Vegas. Its estimated he made close to $1 Billion betting on horses in Hong Kong. Bill Benter The math genius who cracked the horse betting algorithm Bill Benter did the impossible: In the mid-80s, he invented an algorithm that increased his odds of winning at the race track. By Kit Chellel May 03, 2018 Benter taught himself advanced statistics and learned to write software on an early PC with a green-and-black the lodge poker club live stream . Dec 29, 2019 · Bill Benter (1994) Computer Based Horse Race Handicapping and Wagering Systems: A Report A summarised article to let you have a basic understanding of parimutuel handicapping model Summary This Sep 16, 2024 · Bill Benter, a name synonymous with innovation in horse race betting, has carved an indelible mark on the world of gambling through his unparalleled application of quantitative analysis and data Bill Benter 2016 A former blackjack team manager and handicapping horse-racing expert. The math and all the moddeling behind his efforts is probably the least impressive feature about what benter achived. It works but don't expect any miracles. If you Google Noah Silverman you can find some interesting papers, including his PhD thesis, on using conditional logistical regression analysis. If you enjoy our documentaries, you will love the story of one of the most notorious Find 9789841259938 Computer-Based Horse Race Handicapping and Wagering Systems by Bill et al at over 30 bookstores. The BIGGEST and BEST subreddit for America's pastime: baseball. Use features like bookmarks, note taking and highlighting while reading Computer-Based Horse Race Handicapping and Wagering Systems. Dec 1, 2023 · Bill Benter’s story is truly aspirational for gamblers. Bill Benter, a former blackjack player and We would like to show you a description here but the site won’t allow us. May 7, 2018 · 这是任何一个赌徒，尤其是赌马的马迷梦寐以求的法宝－－利用现代电脑科技和大数据配合个人多年赌马观察的算法，找到一条逢赌必赢的程式。 来自美国的本特（Bill Benter）就这样从香港赛马中赢了差不多10亿美元。他最近在美国匹兹堡的办公室罕有地接受传媒访问时，披露了这段令到不少赌徒 We would like to show you a description here but the site won’t allow us. worth a read! Dec 1, 2019 · Inspired by the story of Bill Benter, a gambler who developed a computer model that made him close to a billion dollars (Chellel, 2018) 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. The home of the Buffalo Bills on reddit. May 26, 2025 · Bill Benter, the man who muttered at the screen, had been generating million annually since 1984 betting on horses. Together with his algorithm Benter produced a supply of winners. org May 3, 2018 Business Sports The Gambler Who Cracked the Horse-Racing Code Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Feb 14, 2020 · Computer-Based Horse Race Handicapping and Wagering Systems - Kindle edition by Benter, Bill, Benter, William. Burke, Jr. Benter's solution was to mass produce tickets and load them into automatic terminals. They hand entered thousand and thousands of data points and analyzed them to identify patterns not otherwise observable. William Benter (Bill Benter) Hong Kong Horse Racing Legend, Possibly the most successful gambler in history American gambler Bill Benter developed arguably the most successful computer software in the world to attack the giant Hong Kong horse racing market, where the pools routinely reach into the hundreds of millions of dollars. sports 411 ag wagering Here is an interesting tale of mathematician Bill Benter, the man who won almost $1 billion from Hong Kong horse racing bets in the 90s. Download it once and read it on your Kindle device, PC, phones or tablets. sports 411 ag wagering Feb 9, 2024 · As a result, Bill Benter has become one of the most successful gamblers in the industry. Things went poorly at first. Stop being so pessimistic And understand it can be done, ‘You’ll lose in the long run’ ‘The house always wins’ No, if that was the case people such as Bill Benter and billy Walters wouldn’t exist. In this documentary, the nerd who used statistics and mathematics to defeat horse racing. sports 411 ag wagering The Gambler Who Cracked the Horse-Racing Code Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. . Bill Benter (Horse and Blackjack) Bill Benter, who leads the list of richest gamblers, has a net worth of up to 1 billion USD. But here’s the thing… Benter wasn’t some big wig mathematician from the highest echelons of Ivy League society. And I believe some premium tipping services have already surpassed him in term of algorithm. The Man Who Built a Billion-Dollar Algorithm to Win at Horse Racing There is one man who defied the odds and cracked the code in horse racing. He grew so obsessed in fact, that he quit school and headed to Las Vegas. We're not a support community, and we encourage users to use official support channels for most issues. During the 1990s, his team transformed horse racing prediction, using the lab-like conditions of races in Hong Kong to develop remarkably successul betting models. I'll send you a message later. Go to google, type in Bill Benter, and give his life a read. As a physicist and mathematician, Benter’s extensive knowledge helped him overcome his early challenges in the world of betting. 1. Meet Bill Benter, best known nowadays as a Pittsburgh-area civic benefactor and owner of a medical transcription company. sports 411 ag wagering Mar 19, 2018 · The Benter Foundation has increasingly made a mark in Pittsburgh since it was founded 11 years ago by philanthropist Bill Benter. As the article says: ''Horse racing is like a religion in Hong Kong, whose A place for redditors to discuss sports modeling, statistical methods, programming, implementation, automated strategies, and exchange constructive criticism. Born in Pittsburgh, Benter had a talent for math and wanted to use it as much as he could to win money on gambling. The song was released approximately one year after the first comic strip featuring Snoopy fighting the Red Baron appeared on Sunday October 10, 1965. To be coarse? Because Bill has been using statistical regression to predict horse races since the 1980s. Jan 11, 2025 · Bill Benter isn't your typical gambler. Sep 23, 2019 · Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Sep 3, 2020 · Forty years ago, a Pittsburgh college student and former Eagle Scout named Bill Benter grew obsessed with a book about beating the odds at Blackjack. Ranogajec had a huge run-in with tax authorities for instance, and it came when the spotlight in the media started to shine on him. Check out this story on Bill Benter, he made almost $1 Billion betting on the Hong Kong Horse Races There’s a big difference between Joe Schmoe (you) shooting the shit at a random casino and Edward Thorp or Bill Benter who are aware of what’s going on the entire time. Right now I'm watching people lose their money in "meme stocks", basically buying the worst stocks on Wall Street on purpose and believing in conspiracy theories that they''ll ultimately become millionaires because of it. May 4, 2018 · A fascinating read about a gambler named Bill Benter, written by Kit Chellel, published on Bloomberg. Those kind of gambles are not random at all, so I guess it's possible to use past data to predict future results and make money of it, isn't it? For example- horse racing, soccer and etc. sports 411 ag wagering the lodge poker club live stream . Buy, rent or sell. Bolton & Chapman 1986, "Searching for Positive Returns at the Track: A Multinomial Logit Model for Handicapping Horse Races" Benter 1994, "Computer Based Horserace Handicapping and Wagering Systems: A Report" (2008 republication) 2003 article on Benter's rival, Alan Woods: "The Hundred and Fifty Million Dollar Man: Alan Woods has used computer technology to become one of the world's most Feb 1, 2023 · 1 February 2023 Revisiting the Algorithm that Changed Horse Race Betting Explore Bill Benter’s iconic horse betting strategy, enhanced with modern code and contrasted against three decades of evolving data. Do people do that? Is it possible to do for someone with basic ML skills? Aug 12, 2021 · Bill Benter is a mathematician, businessman, computer scientist and author, but his great renown springs from a 2018 article on Bloomberg. the Red Baron" was inspired by the comic strip Peanuts by Charles Schulz, which featured a recurring storyline of Snoopy imagining himself in the role of a World War I airman fighting the Red Baron. Feb 1, 2025 · The Gambler Who Cracked the Horse-Racing Code: A Story of Skill, Data, and a Little Bit of Luck Bill Benter’s story, as told in the Bloomberg article, isn’t just about gambling; it’s a story Apr 3, 2024 · Alan Woods and Bill Benter shared a passion for horse racing, which led them to explore the potential of applying mathematical principles to betting on races. The focus is… We would like to show you a description here but the site won’t allow us. His model is better than yours, and the market reflects his price. May 10, 2018 · In , we’re introduced to Bill Benter – a man who has made close to a billion dollars betting on horses, using predictive software. His starting point was the academic article Searching for Positive Returns at the Track. Within a few years he had gone on to devise his own methods for more esoteric blackjack strategies, like shuffle tracking and ace location, as The man who has stood at the forefront of such analysis is the American William 'Bill' Benter. But after a year or so, he hit his stride, bringing in $80,000 (the Considered to be the greatest gambler of all time, dive into the story of mathematical genius Bill Benter. Clay Higgins was the only House member to vote against a bill that would require the Justice Department to release files related to Jeffrey Epstein. sports 411 ag wagering Circling back to the Hong King gambler (s) (Bill Benter et al) I would suggest they had better "q" than the public. Mar 27, 2024 · Forum Gambling & Vegas Forums Las Vegas & General Gambling Bill Benter RIP Original Site Founder Alan Mendelson, 1952-2022 Page 5 of 6 First 1 2 3 4 5 6 Last Results Discover the tale of Bill Benter, the math prodigy who is regarded as history's greatest gambler. Circling the wagons since 2009. His story is one of mathematical genius, strategic innovation, and sheer determination. Board of Directors President, Bill Benter Treasurer, Bruce Pyle Secretary, Bruce Benter Staff Kathy Buechel, Executive Director kathyb@benter. permalink save context full comments (1358) report give award TIL about Bill Benter, a gambler who wrote an algorithm that helped him win nearly $1 billion on horse races. He managed to beat Hong Kong Races, and nearly forty years later, he has an estimated net worth close to $1 billion. sports 411 ag wagering 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. His ability to anticipate racing outcomes has been extremely profitable, with single-day races alone worth up to $10 million. 23M subscribers in the IAmA community. E from a mathematician with an unlimited bank roll (Bill Benter) but good luck May 7, 2018 · 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. Using his doghouse as his Forum Gambling & Vegas Forums Las Vegas & General Gambling Bill Benter RIP Original Site Founder Alan Mendelson, 1952-2022 Page 5 of 6 First 1 2 3 4 5 6 Last Results 81 to 100 of 109 May 6, 2018 · 美國的職業賭徒Bill Benter因為太會贏錢，遭到美國賭場列入黑名單，被拒絕入場，只好轉戰香港賭馬，據報導，他利用一個「賭馬方程式」，公然在 Who Is Bill Benter? Image by freepik Bill Benter is a name that might not be widely recognized outside gambling circles, but within the world of betting, he is considered a legend. Close to a billion dollars later, he tells his story for the first time. TIL Bill Benter and Alan Woods were banned from betting on Hong Kong horse races over phone lines. (I know billy was convicted for insider trading but still had a talent). Dedicated to supporting “the leaders, organizations and ideas that help communities and individuals thrive,” the foundation’s primary focus has been local, with an emphasis on the arts and education. For precise details, this is a link to a long paper Bill wrote on their betting system, it has all the mathematical details if you want to see exactly what I'm referring to. com recounting how he was able to develop an artificial intelligence algorithm capable of beating the horse races over the long term. His story is a captivating blend of statistical modeling, high-stakes wagering, and a relentless pursuit of perfection. Maybe I can send you a subset, if it's for analysing purposes it should only be part of the total dataset anyway. GL the lodge poker club live stream . He's a mathematician who, through sheer intellect and algorithmic prowess, transformed the world of horse racing, achieving legendary status and amassing a fortune in the process. In the mid-1980’s, Benter produced an algorithm to beat Hong Kong Horse Racing, and over thirty years later, Bill has amassed nearly $1 US billion. Now that I think about it, theres a third. The resulting winnings would reportedly stretch to almost $1 billion. Jun 17, 2018 · In the 1980s and 90s, computer nerd Bill Benter did the impossible: he wrote an algorithm that beat the unpredictability of the racetrack, winning big in the process Bill Benter is arguably the most successful sports bettor of all time. While always interested in Mathematics, Benter’s early approaches to gambling were fairly humble: When Benter got to Las Vegas, he worked at a 7-Eleven for $3 an hour and took his wages to budget casinos. He bet in accordance with the Kelly criterion. With an estimated annual income of $100 million, Benter's reputation as one of the world's wealthiest gamblers is well-deserved. I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal. He … A Foundation for the A long time ago on CNBC or something there was a documentary or show on this one sports betting guy that created an organization around getting inside information, statsistics, everything you could think of. May 9, 2018 · Bill Benter is what every horse racing punter want's to achieve - to crack the winning formula. by autumn-knight in todayilearned Bill Benter is an American gambler who developed a successful computer software for the Hong Kong horse racing market. I want to convert the closing odds into probabilities and use these as the "public's predicted probability of a May 4, 2018 · Bloomberg's Kit Chellel wrote a fascinating profile of Bill Benter, a man who cracked the horse-racing code in the 1980s and made hundreds of millions of dollars. Roulette and Blackjack are games where those are true. Jan 1, 2025 · List Of Top 10 Richest Gamblers In The World 2025 1. Is that a good and sustainable business idea? Why? Why not? With that being said, I came across a fellow by the name of Bill Benter a while back, who claims to have beaten horse races using multinominal logit regression. He looks like a university professor, his wavy hair and beard streaked with gray, and speaks in a soft, slightly Kermit-y I was wondering if it's possible to use ML for sports gambling. Bill Benter As a mathematician and professional gambler from the United States, Bill Benter is widely recognized for the groundbreaking impact he had on the betting industry for horse racing. 6M subscribers in the baseball community. Jun 18, 2023 · The Physicist Who Broke Horse Racing And gave hundreds of millions to charity Saying Bill Benter lived a unique life is an understatement; He lived the type of life movies are based upon. 449 votes, 141 comments. Weather conditions - Bill Benter spent a year manually inputting weather conditions into a database and found that there was no correlation between the temperature and a horse's performance. He made a lot more working at 7-Eleven than gambling in the casinos. The proof of concept occurred in the late 1980s and 1990s in Hong […] Mr Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that, using probabilistic modelling to beat the market and deliver returns to investors. Daniel Waldmann and Giles Davidson Barbara Luderowski and Michael Olijnyk Mr Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that, using probabilistic modelling to beat the market and deliver returns to investors. What comes to mind is the professional better Bill Benter, who nearly perfected betting on horse races in Hong Kong. We would like to show you a description here but the site won’t allow us. sports 411 ag wagering It's more for people who love the technicals more than money. sports 411 ag wagering The man who has stood at the forefront of such analysis is the American William 'Bill' Benter. Mar 30, 2023 · A bettor named Bill Benter and his team made close to a billion dollars betting on horses in Hong Kong in the 1990s, and references to mysterious Australian whales occasionally punctuate the This is what I find to be the meat of the article: It's about Bill Benter, mostly. Discover the tale of Bill Benter, the math prodigy who is regarded as history's greatest gambler. have nothing to gain from publicity. His features include things like "how far did this horse travel for this race" and "what is the soil moisture level at the track that day". Benter is a big contributor to charity and political groups. I am becoming interesting in algorithmic horse racing betting and was looking into Hong Kong racing, due to the ease of collecting data. According to political campaign contribution records, in 2008 Benter and Acusis were listed as donors to Barack Obama 's presidential campaign and the Democratic Party of Virginia. This is really cool! I'd love to see more discussion about quantitative handicapping like this on this subreddit. Quite the opposite in fact. Reply reply People I used to know started a horse bets recommendation company based on machine learning. People who take shortcuts in any field end up failed and those who put the time and effort in succeed. With everyone stuck inside - what are your favorite long-form horse-racing articles, books and other media pieces? - Also a question about Bill Benter and how he cracked the horse-racing code We would like to show you a description here but the site won’t allow us. He's amassed a huge fortune through his betting exploits in Hong Kong. The one in Happy Valley is a massive racecourse quite near city centre. He was shown to make money in the long run and a lot of it. May 7, 2018 · 現年61歲的美國職業賭徒本特（Bill Benter）曾經因為太會贏錢，遭到美國賭場列為拒絕往來戶，因而轉戰香港賽馬，最後靠著一套「不敗方程式」在 Discover how Bill Benter, a math genius, turned $150K into $1 BILLION by hacking horse racing with a secret algorithm! 🏇💰 In this video, we dive into the u May 7, 2018 · 这是任何一个赌徒，尤其是赌马的马迷梦寐以求的法宝－－利用现代电脑科技和大数据配合个人多年赌马观察的算法，找到一条逢赌必赢的程式。 来自美国的本特（Bill Benter）就这样从香港赛马中赢了差不多10亿美元。他最近在美国匹兹堡的办公室罕有地接受传媒访问时，披露了这段令到不少赌徒 Background "Snoopy vs. Benter’s approach is hands-on. The big pro gamblers, the likes of Zeljko Ranogajec, Matthew Benham, Tony Bloom, Bill Benter, Haralabos Voulgaris etc. I use a multinomial regression model, which is what Bill Benter used as well (he may have moved to a more complicated type of model, but I'm not sure). So the goal is to predict the outcome of a specific horse race with a lot of historical data. And it took him not only fundamental understanding of probability and manually scraping shittons of archived data about horseracing but also Years of efforts and a whole business to achive this. Benter and Coladonato watched as a software script filtered out the losing bets, one at a time, until there were 36 lines left on the screens. Forum Gambling & Vegas Forums Las Vegas & General Gambling Bill Benter RIP Original Site Founder Alan Mendelson, 1952-2022 Page 5 of 6 First 1 2 3 4 5 6 Last Results Aug 12, 2022 · Discover how Bill Benter used a mathematical system in horse racing to beat the bookies and win billions. Using … Find 9789841259938 Computer-Based Horse Race Handicapping and Wagering Systems by Bill et al at over 30 bookstores. Jun 11, 2018 · The Gambler Who Cracked the Horse Racing Code 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. Bill Benter Bill Benter began his professional gambling career as a card counter in Las Vegas. You must have a combined karma of 40 to make a post, and your reddit account must be at least 30 days old; this is to prevent spam and is strictly enforced. I read an article recently and it said baseball is by far the hardest sport to model I. Benter spent years working with a team of like-minded mathematicians and analysts, poring over data, refining his methods, and testing his predictions against the real world. He was a mid-western kid out of Pittsburg that got a physics degree in Cleveland, Ohio from Case Western Reserve. Benter found his eureka moment in the quiet corners of a library. May 6, 2018 · 人人都想發個橫財夢，美國職業賭徒Bill Benter利用所創「賭馬方程式」，由1989年至2007年期間，賺取香港賽馬會在內的馬場，超過10億美元獎金，折合約港幣78億元。 這位「馬場賭神」Bill Benter其後卻因贏得太盡觸動本港馬會神經，他稱遭凍結其投注戶口。 Jul 24, 2023 · A few years ago, I interviewed Bill Benter, arguably the most successful bettor in history. But then I read Bill Benter and except his massive beginning bankroll, he did nothing too spectacular (just ahead of his time). sports 411 ag wagering The big pro gamblers, the likes of Zeljko Ranogajec, Matthew Benham, Tony Bloom, Bill Benter, Haralabos Voulgaris etc. I think you can also find some papers by William Benter who used a similar approach. IamA Racehorse track rider, not sure if anyone would find this interesting, but if you want to know about this industry, AMA! Sep 23, 2019 · Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Back then of course, there was minimal web scraping and even data available on jockeys and horses. 2. What Bill Benter, Zjelko, Woods, etc did in Hong Kong is not replicable by the average punter and their laptop, you need big teams and a lot of resources, and data not available to the betting public. Woods' solution was to have his girlfriends deliver bags of cash. GOP Rep. I find the win market very competitive tbh! Jul 24, 2023 · A few years ago, I interviewed Bill Benter, arguably the most successful bettor in history. I am interested in using the public's opinion on a horse as a part of my model, therefore I am looking to scrape the closing odds of the horses. Very technical and lucrative. I analyze HK races as well, with the same type of model that Bill Benter used. png vjsa tuoe drzju boike ubmvx fovq yko wrxtn ggpexu ruale xybhk clhpqbm gxg vnd