American gambler William 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. During the 2010 racing season alone the betting turnover reached HK$71.65 billion, on just two racetracks! By comparison, all the thoroughbred racetracks in the U.S. combined take in just over $12 billion.
William Benter (Bill Benter), the wealthiest gambler in the world. Hong Kong Horse Racing Legend. American gambler William 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. Horse racing is my passion, and I would like to start by profiling the biggest three players in the world, Alan Woods (rip), William Benter (aka Bill Benter) and Zeljko Ranogajec. Patrik Antonius In November 2009, Patrik Antonius was the first person to ever win a 7-figure pot in online poker, when he won a $1,377,000 hand. Benter’s Las Vegas friends wouldn’t stake him at horse racing, but they would at blackjack. Safest betting sites game of thrones 5. He took their money to Atlantic City and spent two years managing a team of card counters, brooding, and working on the racing model in his spare time. In September 1988, having amassed a few hundred thousand dollars, he returned to Hong Kong. William 'Bill' Benter (born in 1957 in Pittsburgh, Pennsylvania) is an American philanthropist who earned his wealth through the development of one of the most successful analysis computer software programs in the horse racing market. He has served as president of Hong Kong Rotary Club, founded the Benter Foundation, he is Chairman. To build a good horse racing model, teams rely on workers with the skills of hedge fund technicians. Rumor has it that one of the teams has wooed programmers from Fortune 500 companies.
William Benter's software reportedly assesses hundreds of individual variables for each horse, jockey, trainer and track. Using the results, Benter and his team create their own prices and probabilities, and use these to bet against the general public. With amazing success. The rumours are wild, but estimates are that Bill Benter earns something around US$10,000,000 annually from Hong Kong horse racing.More than any other industry, Horse Racing is based on emotion and feelings, people place bets based on everything from the horse's name to tips from a friend. Nowhere more than the notoriously supersticious Hong Kong race-tracks. William Benter used computer logic to beat the system, and make millions!
His Biography:
William Benter (Bill Benter), Horse Racing Legend Born and raised in Pittsburgh, Pennsylvania, William Benter began using his mathematics skills to count cards. Legend has it that in the mid 1970s Benter came across the book “Beat the Dealer”, memorized it’s strategies and began his professional gambling career at the blackjack tables of Las Vegas.
At the same time Bill Benter was being banned from most of the Vegas’ strip’s casinos (for winning too much money), he met fellow card counter Alan Woods, and the pair decided to have a shot at horse racing.
In 1984, Benter and Woods went Hong Kong, starting with a mere $150,000. The pair relied on their mathematic skill to create a formula for choosing race winners.
When Woods and Benter parted ways, in 1987, Benter refined his computerised probability model. William Benter is now known as having the best statistical handicap method, assigning numerical values to estimate a horse’s probability of winning.
Benter has acknowledged that the increase in computer technology have helped his team’s workload over the years, while greater experience has also allowed this professional punter more accurate betting. For example, while Benter started out examining only 16 variables for each horse in a race, it is now alleged that his team score horses on120 different handicapping factors.
William Benter’s pioneering work with computerized betting, his mathematical skill and knowledge, all have made him one of the most successful gamblers the horse racing industry had ever seen.
Benter is generous with his fortune, donating to charitable causes both in Hong Kong and America. His has even served as president of his Hong Kong Rotary Club.
Thanks to: Worlds Greatest Gamblers
William 'Bill' Benter (born in 1957 in Pittsburgh, Pennsylvania) is an American philanthropist who earned his wealth through the development of one of the most successful analysis computer software programs in the horse racing market. He has served as president of Hong Kong Rotary Club, founded the Benter Foundation, he is Chairman and International CEO of Acusis LLC, Pittsburgh, Pennsylvania and occasionally lectures university students on subjects like statistics and mathematical probability. Benter is a philanthropist donating to charitable causes both in Hong Kong and the United States.
Video William Benter
Early life and career
William Benter was born and raised in Pittsburgh, Pennsylvania. As he grew up, he wanted to use his mathematical talents to make a profit so immediately after finishing a university physics degree in 1977, he went to the blackjack tables in Las Vegas and used his skills to count cards. He came across the book, Beat the Dealer, by Edward O. Thorp, which helped him improve his methods. Seven years later, he was banned from most of Vegas' strip's casinos.
He then met with Alan Woods, a like-minded gambler whose expertise in horse racing complemented his own in computers. The two became racing partners and in 1984, moved to Hong Kong. Starting with a mere $150,000 the pair relied on their mathematic skill to create a formula for choosing race winners. Using his statistical model, Benter identified factors that could lead to successful race predictions. He found that some came out as more important than others.
Benter is a visiting professor at the Southampton Management School as part of the Centre for Risk Research and a fellow of the Royal Statistical Society.
In 2007, Benter founded the Benter Foundation.
Maps William Benter
William Benter Horse Racing
Personal life
In March 2012, Benter married Hong Kong National Vivian Fung in a Tibetan Buddhist rite. In 2015 they had their first child Henry. Benter is currently residing in Hong Kong.
Philanthropy
Benter is a big contributor to charity and political groups. 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. In 2010, The Advantage Trust donated to Israeli-based organization Rabbis for Human Rights. The Atlantic reported in 2010 that Benter raised and given at least $800,000 in support to J Street. In 2012 he donated one million dollars to the University of Pittsburgh. In 2013, Fox News reported that Benter donated thousands of dollars for pro-Hagel ads in Politico when he was nominated to be next secretary of defense by President Obama. In 2016, The Washington Post reported the Benter has raised $100,000 for A New Voice for Maryland, a pro-Joel Rubin group for Democratic nomination in Maryland's 8th Congressional District.
Benter is generous with his fortune, donating to charitable causes both in Hong Kong and America. His has even served as president of his Hong Kong Rotary Club.
Thanks to: Worlds Greatest Gamblers
William 'Bill' Benter (born in 1957 in Pittsburgh, Pennsylvania) is an American philanthropist who earned his wealth through the development of one of the most successful analysis computer software programs in the horse racing market. He has served as president of Hong Kong Rotary Club, founded the Benter Foundation, he is Chairman and International CEO of Acusis LLC, Pittsburgh, Pennsylvania and occasionally lectures university students on subjects like statistics and mathematical probability. Benter is a philanthropist donating to charitable causes both in Hong Kong and the United States.
Video William Benter
Early life and career
William Benter was born and raised in Pittsburgh, Pennsylvania. As he grew up, he wanted to use his mathematical talents to make a profit so immediately after finishing a university physics degree in 1977, he went to the blackjack tables in Las Vegas and used his skills to count cards. He came across the book, Beat the Dealer, by Edward O. Thorp, which helped him improve his methods. Seven years later, he was banned from most of Vegas' strip's casinos.
He then met with Alan Woods, a like-minded gambler whose expertise in horse racing complemented his own in computers. The two became racing partners and in 1984, moved to Hong Kong. Starting with a mere $150,000 the pair relied on their mathematic skill to create a formula for choosing race winners. Using his statistical model, Benter identified factors that could lead to successful race predictions. He found that some came out as more important than others.
Benter is a visiting professor at the Southampton Management School as part of the Centre for Risk Research and a fellow of the Royal Statistical Society.
In 2007, Benter founded the Benter Foundation.
Maps William Benter
William Benter Horse Racing
Personal life
In March 2012, Benter married Hong Kong National Vivian Fung in a Tibetan Buddhist rite. In 2015 they had their first child Henry. Benter is currently residing in Hong Kong.
Philanthropy
Benter is a big contributor to charity and political groups. 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. In 2010, The Advantage Trust donated to Israeli-based organization Rabbis for Human Rights. The Atlantic reported in 2010 that Benter raised and given at least $800,000 in support to J Street. In 2012 he donated one million dollars to the University of Pittsburgh. In 2013, Fox News reported that Benter donated thousands of dollars for pro-Hagel ads in Politico when he was nominated to be next secretary of defense by President Obama. In 2016, The Washington Post reported the Benter has raised $100,000 for A New Voice for Maryland, a pro-Joel Rubin group for Democratic nomination in Maryland's 8th Congressional District.
Further reading
- Hausch, Donald B.; Lo, Victor S. Y.; Ziemba, W. T. Efficiency of Racetrack Betting Markets. World Scientific. pp. 183-198. ISBN 9789812819192. Retrieved 21 April 2017.
See also
- Hong Kong Jockey Club
- Gambling in Hong Kong
Bill Benter Gambler
References
External links
- 'An Interview with Bill Benter'. macau.rotary3450.org. Rotary Club of Macau. Retrieved 20 April 2017.
Source of the article : Wikipedia
