The Professional Horse Gambler who won almost $1B

[AUS-97HORN 11,756]

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Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his story for the first time.[/quote]

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this is a VERY long article. But for those of us who have the gambling persuasion, I thought it was excellent.

It took me about 15 mins to read the whole article.

https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code

 

TL;DR  23 year old moves to vegas to be a blackjack card counter, then moves to Hong Kong to bet on horses, loses everything, counts cards again, then wins maybe up to a billion, and then gives away a shitload of the money to charities

Edited May 4, 2018 by AUS-97HORN

[RD3 64]

Really good read.

I also noticed you finally changed your username; glad you didn't change your avatar though.

[Tailgate 3,021]

Great read. 

[gsoda3 3,245]

i'm surprised they didn't factor in the house odds in their algo from day 1.  

[Teddy Tucker 18]

Really cool read thanks for posting. 

[Bone3421 716]

I was told gambling isn't foolproof 

[HeHateMe 883]

This needs to be made into a movie.  Also, Happy Valley Race Course, on a Wednesday night, kicks all sorts of ass.  Can't recommend it enough if you find yourself in HK.

Edited May 11, 2018 by HeHateMe

[gsoda3 3,245]

5 hours ago, HeHateMe said:

This needs to be made into a movie.  Also, Happy Valley Race Course, on a Wednesday night, kicks all sorts of ass.  Can't recommend it enough if you find yourself in HK.

yeah that place is a great place to be rich and single.  loved it.

[SDG 3,319]

Heading to a bar with off track betting so who do i bet on today?

[Jack Burton 35]

Justify. Your entire 401k.

[SDG 3,319]

2 hours ago, Jack Burton said:

Justify. Your entire 401k.

Didn’t bet on that, but I did lose all my money..

[JohnnyShotgun 34]

Fun read, thanks for posting.