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Bill Benter (1994) Computer Based Horse Race …
https://medium.com/parimutuel-racetrack-analysis/bill-benter-1994-computer-based-horse-race-handicapping-and-wagering-systems-a-report-db747c250e77
Bill Benter suggested the minimum amount of data needed for adequate model development and testing samples is in the range of 500 to l000 races since out-of-sample predictive accuracy does not seem...
Bill Benter - Horse Racing Betting Algorithm
https://sportingways.com/horse-racing-betting/bill-benter/
The one solution to bring in more horse racing winners then losers. Well Bill Benter is a man who cracked the horse racing code back in the 1980's and made hundreds of millions of dollars. He's still tweaking his algorithm now …
Who is Bill Benter, “The gambler who cracked the horse-racing …
https://horse.bet/guides/who-is-bill-benter-the-gambler-who-cracked-the-horse-racing-code/
Bill Benter is a mathematician, businessman, computer scientist and author, but his great renown springs from a 2018 article on Bloomberg.com recounting how he was able to develop an artificial intelligence algorithm capable of beating the horse races over the long term. The proof of concept occurred in the late 1980s and 1990s in Hong […]
Bill Benter, The Horse Racing Millionaire Who Left $118M …
https://www.tradematesports.com/blog/bill-benter-horse-racing-millionaire-people-rich-sports-betting/
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. For a sport which can produce hundreds and thousands of variables per race, from what a horse ate for breakfast to jockey’s falling off, his success is phenomenal.
Bill Benter The Man Who Beat the Horse Racing Odds
https://www.roulettesites.org/blog/famous-gamblers/bill-benter.php
Lessons we can learn from legendary winning gambler, Bill Benter
https://smartbettingclub.com/blog/bill-benter-lessons/
To simplify, imagine that the gambling public can bet on a given horse at a payout of 4 to 1. Benter’s model might show that the horse is more likely to win than those odds suggest—say, a chance of one in three. That means Benter can put less at risk and get the same return; a seemingly small edge can turn into a big profit. High Volume & Patience
The Gambler Who Cracked the Horse-Racing Code
https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code
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. Benter and...
Computer Based Horse Race Handicapping and Wagering …
https://www.gwern.net/docs/statistics/decision/1994-benter.pdf
the most wicult and time-consuming step in creating a computer based betting system is the development of the fundamental handicapping model. that is, the model whose final output is an estimate of each horse's probability of winning. the type of model used by the author is the multinomial logit model proposed by bolton and chapman …
Bill Benter - Wikipedia
https://en.wikipedia.org/wiki/Bill_Benter
William Benter (born 1957) is an American and Hong Kong 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 …
Beating the Odds: Machine Learning for Horse Racing
https://teddykoker.com/2019/12/beating-the-odds-machine-learning-for-horse-racing/
Beating the Odds: Machine Learning for Horse Racing 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.
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