William Benter Horse Racing
Posted : admin On 4/8/2022Though facts and events of his childhood are little known, William “Bill” Benter has become internationally known for his development of what has been argued to be one of the world’s most lucrative computer advancements. This software has been his key tool in his attack on the horse racing bazaar in Hong Kong.
This software is reported to successfully assess numerous variables for every equine, rider, track and trainer. Allegedly, Benters’ software started out examining 16 variables for the horses, but with computer technology advancements, Benter and his team has now developed 120 handicapping factors. Using the outcome of these reports, Benter and his team can generate their own probabilities, using them to place bets against an unsuspecting public.
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.
Computer Based Horse Race Handicapping and Wagering Systems: A Report 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. Data requirements. Bill Benter, the king of Hong Kong’s horse racing circuit, has pumped nearly $400,000 into liberal coffers in the last three election cycles. He is also a member of the shadowy Democracy.
Benter grew up in Pittsburgh, Pennsylvania. Before he started gambling, he was awarded a university physics degree. While his strong math skills helped in his start counting cards, legend suggests that in 1970 he was introduced to a book entitled “Beat the Dealer.” After memorizing this book he took to the Black Jack tables in Vegas, from which he was later banned for winning frequently. It was during this time that Benter met Alan Woods, creating a dynamic team.
Benter and new friend Woods ventured to Hong Kong in 1984 with $150,000 which was primarily funded by Woods. Using their finely tuned math skills and the concepts from their card counting days, the duo developed a strategy for choosing winners on the race track. The pair later split over what was rumored to be disagreements over money.
Following this split, Benter continued in his race track and software endeavors. It is reported that Benter has a number of individuals employed whose single, most important job is to review tapes of the races after every event. These employees judge the horses based on characteristics such as pace during the first third of the race; whether the horse was jarred by another horse during a turn and how well it recovered; and how well the animal finished.
Benter seems to have branched out in the last ten years. As a member of what is known as The Royal Statistical Society, he has presented organized speeches at Harvard, Stanford, Carnegie Mellon, multiple universities in Hong Kong and in Southampton and Nevada in the US. In addition, Benter consults with widely known mathematician. International CEO and Chairman of local medical transcription services company Acusis in Pittsburgh, PA, and visiting professor at Southampton Management School founded Benter Foundation in 2007 which chiefly invests in organizations which are based in Pittsburgh and are committed to advancing developments in human services, youth organizations, education, and the arts.
Benter is a controversial supporter of political causes. However, rumors escalate that Benter earns around US $100 million annually with his developments on the track and that he tends to “spread the wealth” through his foundation and through substantial donations to respected charities. Benter seems to promote peace and unity in all of his activities, much like Wyatt Earp of the Old West.
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| Born | William Benter 1957 (age 63–64) |
|---|---|
| Alma mater | Case Western Reserve University University of Bristol |
| Occupation | professor Businessman Gambler |
| Years active | 1984 –present |
| Spouse(s) | (m. 2012) |
| Children | 1 |
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 horse racing market.[1]
Benter has served as president of Hong Kong Rotary Club,[2] founded the Benter Foundation, is chairman and International CEO of Acusis LLC, Pittsburgh, Pennsylvania, and occasionally lectures university students on subjects like statistics and mathematical probability.[3]
Benter is a philanthropist donating to charitable causes both in Hong Kong and the United States. [4][5][6]
Early life and career[edit]
William Benter was born and raised in Pittsburgh, Pennsylvania.[2] 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,[3] 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.[7] Seven years later, he was banned from all of Vegas’ strip's casinos.[2]
Benter 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.[3] Starting with a mere US$150,000 (equivalent to US$369,138 in 2019), the pair relied on their mathematical skill to create a formula for choosing race winners.[2]
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.[8] Benter later worked with Robert Moore.[9]
Benter is a visiting professor at the Southampton Management School[10] as part of the Centre for Risk Research and a fellow of the Royal Statistical Society.[11]
In 2007, Benter founded the Benter Foundation.[12]
Personal life[edit]
In March 2012, Benter married Hong Kong National Vivian Fung in a Tibetan Buddhist rite.[13] In 2015 they had their first child Henry.[14] Benter is currently residing in Pittsburgh.[15][16]
Philanthropy[edit]
William Benter Horse Racing Software
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.[17]The Atlantic reported in 2010 that Benter had raised and given at least US$800,000 in support to J Street.[18][19]
In 2012, Benter donated one million dollars to the University of Pittsburgh.[20] 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.[21]
In 2016, The Washington Post reported the Benter raised US$100,000 for A New Voice for Maryland, a pro-Joel Rubin group for Democratic nomination in Maryland's 8th Congressional District.[22]
See also[edit]
References[edit]
- ^Colon, Nicholas G. (May 17, 2016). 'Inside The Blackjack Ball: An Exclusive Look At The Gathering Of The Smartest Gamblers In The World'. Forbes. Retrieved April 20, 2017.
- ^ abcdDelvecchio, Jerry. 'William Benter (Bill Benter), the richest and most successful gambler of all time? Hong Kong Horse Racing Legend – The Worlds Greatest Gamblers'. worlds-greatest-gamblers.com. Retrieved April 20, 2017.
- ^ abcChung, Yulanda (November 3, 2000). 'The Winning Edge'. CNN. Retrieved April 20, 2017.
- ^https://doi.org/10.1016/j.cis.2017.12.008
- ^https://www.causeiq.com/organizations/benter-foundation,208807953/
- ^https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code
- ^'Bill Benter – One of the Wealthiest Gamblers in the World'. gamblingsites.org. Retrieved April 20, 2017.
- ^Kucharski, Adam (February 25, 2016). 'Are the Best Gamblers Skilled, or Just Lucky? From poker to horse racing, the statistics involved in coming out on top'. Discover Magazine. Retrieved April 20, 2017.
- ^https://www.themonthly.com.au/monthly-essays-tony-wilson-mr-huge-alan-woods-and-his-amazing-computer-nags-riches-story-149
- ^'Professor Bill Benter, University of Southampton'. University of Southampton. Retrieved April 20, 2017.
- ^'Who is Bill Benter?'. benterfoundation.org. Retrieved April 20, 2017.
- ^https://benterfoundation.org/board-staff/
- ^'Bill Benter – Pittsburghs Beautiful People'. pittsburgh-legends.com. Retrieved April 20, 2017.
- ^Bencivenga, Natalie; Bauknecht, Sara (May 6, 2016). 'Motherly wisdom from some new, and not so new, Pittsburgh moms'. Pittsburgh Post-Gazette. Retrieved April 21, 2017.
- ^'William Benter, an American expert horse racing gambler who found success using racing form analysis'. thegreattipoff.com. Retrieved April 20, 2017.
- ^'The Gambler Who Cracked the Horse-Racing Code'. Bloomberg L.P. May 3, 2018. Retrieved May 4, 2018.
- ^Steger, Isabella (September 30, 2010). 'Jewish Advocacy Group Donor Linked to Hong Kong'. The Wall Street Journal. Retrieved April 20, 2017.
- ^Good, Chris. 'J Street's Half-Truths and Non-Truths About Its Funding'. The Atlantic. Retrieved April 21, 2017.
- ^'Soros revealed as funder of liberal Jewish-American lobby'. The Washington Times. Retrieved April 21, 2017.
- ^'Bill Benter, the richest of them all, but who is he? – Gambler Profiles'. gambler-profiles.com. Retrieved April 20, 2017.
- ^'Media Matters funder bankrolls pro-Hagel campaign'. Fox News Channel. January 8, 2013. Retrieved April 21, 2017.
- ^Turque, Bill (April 4, 2016). 'Middle East peace activist wants to take fight to Republicans in Congress'. The Washington Post. Retrieved April 21, 2017.
Bibliography[edit]
William Benter Horse Racing Software
- Hausch, Donald B.; Lo, Victor S. Y.; Ziemba, W. T. Efficiency of Racetrack Betting Markets. World Scientific. pp. 183–198. ISBN9789812819192. Retrieved April 21, 2017.
External links[edit]
Bill Benter Book
- 'An Interview with Bill Benter'. macau.rotary3450.org. Rotary Club of Macau. Retrieved April 20, 2017.
- 'The Jockey Project'.