What is Bill Benter algorithm?

In 1988, Bill made his return to Hong Kong, having created an algorithm with twenty Horse Racing variables, which would spit out what he believed were the true odds of a horse. In other words, if a bookmaker had a horse at odds of 3.50, but his model believed the horse should be 2.80, he would bet on that edge.

What factors did Bill Benter use?

Is there an algorithm for horse racing?

At present, traditional prediction algorithms can no longer meet the needs of horse racing situation prediction, but research has found that association rules and neural network algorithms provide a good solution to the classification and prediction problem.

How much money did Bill Benter make?

Using Benter's Model Today

At its peak, Bill Benter's model factored in over 120 variables per horse and was earning him an estimated $100 million per season. It is no surprise then that many contemporary gamblers still use Benter's model – or others inspired by it – today.

Who is the most successful horse race gambler?

The most profitable gambler on horses is widely regarded to be William Benter (USA), who makes some US$10 million per year betting horses at the two tracks in Hong Kong.

"What Are My Odds?" - William Benter ICCM 2004

What is the smartest bet in horse racing?

Which country is the biggest gamblers?

What is the highest bet ever placed?

William Lee Bergstrom (1951 – February 4, 1985) commonly known as The Suitcase Man or Phantom Gambler, was a gambler and high roller known for placing the largest bet in casino gambling history at the time amounting to $777,000 ($2.56 million present day amount) at the Horseshoe Casino, which he won.

Who is the richest man in gambling?

Who is the billionaire in horse racing algorithm?

William Benter (born 1957) is an American professional gambler and philanthropist who focuses on horse betting. Benter earned nearly $1 billion through the development of one of the most successful analysis computer software programs in the horse racing market.

What algorithm do bookies use?

Value Betting Algorithm: This variant is more popular and is highly rated as the best sports betting algorithm over its arbitrage counterpart. The whole explanation of using team data and statistics to calculate potential outcomes is the perfect description of this algo.

Can AI predict horse racing?

In recent years, AI has been used extensively in horse racing to predict the outcome of races. This has been made possible through the development of advanced statistical learning and game theory techniques.

What is the Harville formula for horse racing?

As in Section 3.3, the Harville formula is: pB|A = pB (1 − pA) , where pA and pB reflect the probability that horses A and B, respectively, win the race. We estimate linear probability model where the dependent variable is an indicator variable for whether horse B finished second.

What is the biggest factor in horse racing?

Of the many things to consider, the one factor that will probably be near the top of most punters list of important handicapping factors is the going, or essentially the horse's ability on the going.

What is the most accurate horse racing rating?

The most accurate horse racing ratings are using a combination of Timeform, Racing Post (RPR) ratings and BHA horse racing (OR) official ratings.

What type of bet is most profitable?

Remember that college football is the most profitable betting option out there. Baseball has the lowest betting value for new and experienced bettors.

What is the most easy bet to win?

Double chance bet: In this bet, you win money when any two from the three outcomes are obtained. It means, even draw match wins you money when you have placed money on the possibility of draw or lose. 1x2 betting with double chance proves easy when the strong team is meeting a weak team at home ground.

Who is the biggest bet winner in history?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

Which country loses the most gambling?

In the world, Australia has the highest gambling losses per capita. This is largely due to the huge popularity of gambling in Australia, where more than half of slot machines are located. While Singapore is a newcomer to the gambling scene, the government has taken steps to discourage the practice.

Who is more addicted to gambling?

Compulsive gambling is more common in men than women. Women who gamble typically start later in life and may become addicted more quickly. But gambling patterns among men and women have become increasingly similar.

Who gambles more rich or poor?

Why do the poor gamble much more than others? Multiple studies show, including from Florida Family Policy Council as well as University at Buffalo Research Institute on Addictions (RIA), that very low income households have an almost 100% higher rate of gambling than the general population.

What is the smartest way to bet?

Make bets based on the odds.

Betting with your head instead of your heart is all about making smart bets based on odds rather than emotions. Sometimes it's a good idea to bet on the numbers rather than who you think will win, because this can represent a better value if the odds are in your favor.

Is horse racing all luck?

You have to understand value and what makes a good and a bad bet. That's when you can say that betting on the races requires skill. Here are some stats that you may have never seen. In 33.3% of cases the favorites win, while 66.7% of the time the favorites actually lose.

What is a lucky 15?

A Lucky 15 is 15 bets that are of equal value on selections in four different events. It includes four singles, six doubles, four trebles and a fourfold accumulator. It means if just one of your selections come in you will get some sort of return and if more also land your returns will be boosted.