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.
No, he told this story decades ago, and published papers detailing his algorithms, e.g.
Benter, W. (1994).“Computer Based Horserace Handicapping and Wagering Systems: A Report.” In L. Hausch and Ziemba (eds.), Efficiency of Racetrack Betting Markets. San Diego, CA: Academic Press, pp. 183–198.
Benter, W. (2003). “Advances in the Mathematical Modeling of Horse Race Outcomes.” 12th International Conference on Gambling and Risk-Taking, Vancouver, BC, Canada (May 2003)
There are videos of him (just search youtube) presenting at conferences detailing some of his algorithms too... there are no secrets being revealed for the first time here!
No, he told this story decades ago, and published papers detailing his algorithms, e.g.
Benter, W. (1994).“Computer Based Horserace Handicapping and Wagering Systems: A Report.” In L. Hausch and Ziemba (eds.), Efficiency of Racetrack Betting Markets. San Diego, CA: Academic Press, pp. 183–198.
Benter, W. (2003). “Advances in the Mathematical Modeling of Horse Race Outcomes.” 12th International Conference on Gambling and Risk-Taking, Vancouver, BC, Canada (May 2003)
There are videos of him (just search youtube) presenting at conferences detailing some of his algorithms too... there are no secrets being revealed for the first time here!