William Benter Horse Racing

• William Benter is a well-known bettor on Hong Kong horse races. He is the author of the paper Computer Based Horse Race Handicapping and Wagering Systems: A Report. In 2010 alone his betting turnover was over HK$70 billion.
• Benter and his horse race picking software aren’t just good at picking consistent winners in horse racing, they’re arguably the best to ever do it. To get a sense of who Benter is and how he came to be one of the greatest horse racing bettors in the history of sports betting, you have to go back to his roots.

The average punter has no idea of the penetrating analysis the 'deep state' experts go into to flesh out a race and assign a 'value' price to each runner. The man who has stood at the forefront of such analysis is the American William 'Bill' Benter. He's amassed a huge fortune through his betting exploits in Hong Kong.

There are a lot of professional gamblers outthere, but Bill Benter is one of the most famous.

The American, who also donates to various goodcauses, made much of his fortune through the development of analytical computersoftware programs.

Genius x10

Benter, who is married to Vivian Fung, is oneof the great success stories. But how did he do it?

Early life

Benter was born in 1957 in Pittsburgh,Pennsylvania, and he still lives there with his family.

He is well-travelled, though, having lived inHong Kong for a time, while he also drove across Russia and hitchhiked acrossEurope in his youth.

After studying physics at university, Benterused his high level of mathematics ability to count cards at casinos in LasVegas, Nevada.

Though he made a lot of money, having beeninspired by Edward O. Thorp’s book Beat the Dealer, it didnot take long for all the casinos on the Vegas strip to ban him for cheating.

Occupation

Benter’s life changed when he met a fellowgambler named Alan Woods, with the pair deciding to go into business together.While Benter was the expert in computers and analysis, Woods was a horse racingexpert.

The pair relocated to Hong Kong – one of thebiggest gambling markets in the world – and they began working on formulas thatcould be used to predict the winners of horse races.

Woods and Benter began their business withjust $150,000 but after they sustained some initial losses, that cash soon grewas they learned how to make regular successful race predictions through theirformulas. Their partnership broke down when Woods demanded a larger share.

Benter went on to work with Robert Moore onhis analytical computer software programs as he continued to build his fortuneas one of the most successful gamblers in America’s history.

It has been claimed that at the peak of hispowers, Benter was able to make as much as $10 million in profit from bettingon horse races every single day.

Bill Benter is the richest but othershave also made a fortune from gambling, with many turning the pastime intotheir professional livelihoods.

Not that Benter has completely turned awayfrom gambling, but the multi-millionaire is now known just as much for hisphilanthropy and charitable donations as he is for betting on horses.

Career highlights

Benter and working partner Paul Coladonatolanded a gigantic jackpot when betting on a single bet that was called theTriple Trio.

The bet – which involved predicting the topthree finishers in three different horse races in any order – had a growingjackpot as it had not been won for some time.

Benter and Coladonato were among the estimatedmillion people to have a bet on the jackpot. In fact, the algorithm they haddeveloped recommended placing some 51,381 wagers in total.

Naturally, almost all of these bets were lostbut it only took one of them to be a winner for Benter and Coladonato toimmediately become millionaires. They landed the $16 million jackpot.

However, even more remarkably, they decided not to claim their bounty as they didnot feel it would be fair to the other gamblers for them to do so.

Bill Benter Horse Racing Algorithms

Benter did this again in November 2001,betting on the Triple Trio with stakes of HK$1.6 million placed on more than5,000 combinations of wagers.

He won the $118 million Triple Trio but againopted to leave the winnings unclaimed, which meant they would be given tocharitable causes.

While many would horde the knowledge theyamassed to beat the bookmakers, Benter was determined to share the wealth.

Computer-Based Horse Race Handicapping andWagering Systems: A Report was the name of an academic paper he published,while he also gave talks on mathematics to university students.

The online betting industry is now said to beworth $60 billion and visionaries such as Benter have no doubt played a keyrole in its growth.

William Benter Horse Racing

Bill Benter quotes

“Gambling has always been the domain ofwise guys from the wrong side of the track.”

“I find the real business world to be alot more difficult than horse racing. I’m kind of a one-trick pony.”

Summary

Not only is Benter one of the most successfulprofessional gamblers of all time, by all accounts he has remained a modestman.

William Benter Horse Racing Paper

Benter’s philanthropy marks him out from thecrowd when it comes to professional gamblers of his ilk. Not only has he set uphis own foundation, but he has made massive donations such as giving $3 millionto help the polio immunization effort in third world countries.

Bill Benter Gambler

He has also donated huge sums to theUniversity of Pittsburgh and J Street, as well as giving money to help outBarack Obama’s presidential campaign.

<h2>Net Worth – Bill Benter</h2>

As of 2020, Bill Benter’s total assets aresaid to be worth close to $1 billion.