How To Make $1 Billion On Horse Racing
ฝัง
- เผยแพร่เมื่อ 9 ม.ค. 2020
- Bill Benter is the most successful gambler you've never heard of. After being banned from Vegas for beating the house at Blackjack, he turned to Hong Kong where he devised a system that could predict the horses. Around a billion dollars later, this is his story.
Video by Tom Gibson
#BWStorylines
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I read about this guy a while ago and I still stand by the idea that this guy should have a movie made about him.
Yet if you'd met him on the street I doubt you'd have believed him.
@@raygordonteacheschess5501 I doubt any sane person would. For example the idea of a person turning down the jackpot after spending out about $1m putting bets down seems ludicrous. The videos doesn't explain it that well but if I remember correctly he was being pressured by the authorities in Hong Kong and him not accepting the jackpot was a sort of peace offering but if a guy in the street said 'I once turned down a $20m jackpot' you would say alright you crazy wanker, whatever you say
It wasn't "the authorities" but the HK Jockey Club. Chinese culture values mysticism more than empirical analysis, and Benter exploited that mercilessly. Cashing the ticket would have meant telling the Chinese there's no Santa Claus or something like that. He would have lost too much in future profits had he cashed, or so one story said.
@@raygordonteacheschess5501 (The) authorities
plural noun
official organisations with the legal power to enforce rules, regulations, and laws etc
'The decision was made with the full agreement of local authorities'
So technically, they were 'the authorities'
@@sajjeel123 Correct. In this case, the jockey club were the authorities.
After watching this video I still don’t know how to make 1 billion dollars on horse betting...
TreasureMap
You bet on number #5 always
Summary: years of data collection and analysis.
it's very simple, collects at least 10 years of data and makes machine learning that predicts the win with 90% accuracy. start betting and make money
You have to bet hundreds of thousands of dollars on a regular basis.
Ya dont say
This guy was using machine learning before it was cool.
Yeah
Ink and paper works wonders for governments.
Damnit Bobby we’ll that’s kind of what machine learning is... instead of using an automatic loss function or something like linear regression he was just hard coding his parameters and getting other people to update his model.
I would say it’s pseudo machine learning in a way.
Ok man, I’m gonna write this as my last comment because it’s not worth arguing.
This is a very basic form of ML, known as linear regression. It doesn’t “create” its own instructions, instead it looks at old data and tries to assign a certain weight to each of the inputs and also adds in some kind of bias to ensure that it doesn’t fail in zero sum inputs. That’s EXACTLY what he did. Constantly using old and new data to update his “model”. His loss function was simply money earned, and he wanted to maximize it and yeah he used gradient descent to maximize his odds slowly by slowly. A modern machine would be able to train a model within a few hours but since machine learning wasn’t even known yet, it took him years. The concepts are EXACTLY the same.
You should pick up a ML book and look into the most basic form of machine learning and you’ll soon see that he was in fact using linear regression.
Damnit Bobby lmao who hurt u
*Tommy Shelby wants to know your location*
Imagine a movie on this guy with Tommy leading the role
I almost made a billion last year betting on horse racing in GTA V.
hahah gave me those tricks fam lol
They patched it a few months ago but it was the horse betting glitch lol
@@813Productions 😣😣😣😥
813Productions I made 9 mil u must have spent so much time on it because it still took time and wasn’t a quick money glitch
Lol I was just joking I think I made maybe 10-11mil before they patched it
How to make a billion at horseracing: First, start with two billion.
Dad, is that you?
@@YourUncle8501 Lmao is that actually your dads name?
@@slugboi2340 I wish. my dad never came back from the store...
That statement needs to be engraved on a beautiful fabulous slab of granite 👍🤣🤣🤣
That’s how to lose a billion you bum
Bill Benter wrote an academic paper on his model, entitled "Computer Based Horse Race Handicapping
and Wagering Systems: A Report" , for those who may be interested in knowing more. His model did not involve AI or machine learning, it was rather a multi-variable regression model, which are well known to those familiar with early computer modeling of complex systems. The trick is to determine which factors (of the hundreds possible) are most important in predicting the outcome of races, and being able to quantify their impact. It is an iterative process, with lots of back-testing involved.
was looking for this. Thanks!
@@cookie12986 I see. You're going to read the paper and go out and make your own billion $$$. Wow, you really got it all figured out don't you? LOL
@@leodf1 thats what im working on
So could someone come along and apply AI to his model, meaning there would be no human involvement needed?
Does his method still work ?
They missed the point that this guy won the billion HK dollar jackpot and did not collect the winnings because he knew that any unclaimed tickets after 12 months legally has to be donated to charity. So basically his last big gamble was actually a gift back to the poor
Go back in time and give yourself a sports almanac.
Go forward in time and give yourself a sports almanac. ?
You gon bet on old horses? 😂
Mason Alex you can bet on whatever you like ! I’m sure sports almanac includes all sports
Sounds like back to the future to me.
I wasn't a fan of all these stuff people post online saying I've fixed numbers that will help you becoming rich 💰💰💰till I came across a genius in the game , I was shock at first I thought it was a prank he played but it was actually real...his game is fixed and hasn't failed since I started playing it 💯💯💯 I recommend you all to him on insta Hacks_bill201
1) Obtain DeLorean
2) Build Time Machine
3) Travel to the Future to buy Sports Almanac
4) Profit
I would just go back in time 10 years and buy me 10000 Bitcoins
@@olliee1919 Big brain time
Start with 2 billion!!
Lmao
EXACTLY.
Decaprio joins the chat, seriously make a movie about him
Solid joke. Deserves more likes.
I wish he would make a movie on this
aris gemino John and arthur shelby will so proud
Any movie with Decaprio in it is a instant hit, this needs to be done.
I read this article in bloomberg..... so much info thanks
how to become a billionaire fast?
: learn statistics , programming , machine learning and data science
and let computers do the work
Well if this was true then all the stock traders would've been trillionaires
Wicked Gamer check jim simons. Now days only fools think they can bet against quants and data scientists at Wall Street. But it’s not like how some people think... It’s not easy to model.
Wicked Gamer Doesn’t work for everything. But it does work for some things.
what...not the " Force "
@@Ms123kill Still not on Buffett's level.
C:\>PLACE BET 1
Access denied, horse exploded.
😂😂
Oh I know this one, Same as Q :"How do you make a small fortune in racing?" A : "Start with a large fortune"
Awesome. These feats, even if people dont like them will be written in history books.
Can u make more videos like this on probability n gambling and exciting and high... amin
Love the KayPro 10 running MS DOS v. 2.4. Takes me back to a time when every computer session started with “C:/”. Kudos to the Producer and Art Director.
This is an Oscar-winner waiting to be made. What the hell is Hollywood doing?
Fuuuuuuuck sakes... Who takes an incredible story played out over decades with way more detail and intrigue and distills it down to this.. seriously, Google this story and have your mind blown
Anything recommended? I'm definitely interested in this story!
@@joshn2342323 Try Bloomberg's own written article on this. Way more interesting than this video.
@@deep.space.12 ya it was that article I originally read, plus others, but it had so much detail.. what a story
Make a documentary about this guy
this is so interesting
Are there any books on these guys? I am surprised how this story has not been turned into a movie.
And here I am dying while studying each horse's history with race arena, weather etc. etc. to make out a probability for which horse will win. And most of the time it works but something that can't often be predicted is luck. Sometimes it is just luck... unless someone is pulling the strings.
Love Adams work.
So... When is a movie about him coming out?
He is sathosi nakamoto
If he starts running pension schemes anytime soon, I'm definitely signing up!!
Would love to know what he does now. Could he have used those predictive models and applied them to the financial markets like Jim Simons?
Any1 know the name of the song that starts at 1:30. it’s always used in TH-cam documentaries
What's funny is that Andrew Beyer thought his speed figures were killing the prices for everyone else, when it was Benter's probability model and rebates.
3 words: gray’s sports almanac
It’s easy own the betting shops you’ll never lose
Jeff Price kick the winners out
Monopoly always wins.
Jeff Price you will need a 5 Millions for that
That is why William Hill left Australia
Brilliant well done you never see a bookie get hammered but they still don't lose for the amount of gamblers but it's nice to see some body win huge
Great narrative
does it still work now if everyone is doing it doesn't it counter the effect of the data prediction, or if everyone got it right the final payout would be much less to the point it won't cover the cost?
Not everyone does it, and he gets a betting rebate that the average player does not. Without that rebate he never would have won that kind of money.
How do we find Bill? Does Bill teach a class that we can learn from?
This guy is a legend.
@rambull Jr This video is sponsored by the Horse racing casino and this guy is just an actor .......
These are the stories we need to be telling kids in school so they can see the fun, benefits and most importantly APPLICATION of studying mathematics.
By gambling? 😂
I finally watched after the 1,000 times it was on my recommended
Peaky fookin’ Blinders
Yo, thank me later, you can get points at Gamecrook.
I think you are better off keeping track of small cards..so you can double on soft 18s hit 12;and 13 against small cards with success
Hey I've been to that track!
That's the whole comment.
If you aint cheatin you aint winning.
I have it.
2:58 Do horses race in the same direction as the traffic drives in that particular country??
The title Should have been *"how to make $1B on horse betting"*
It is
@Straight Quality ya that's exactly how I understood it.
Or How to make Dummies like boomers haha
Man your dumb
@@bumbullbeez *you're
Didn’t work for me now I’m in debt
jose cruz bruh
Have you recouped yet
It because your nor Benter smart
This guy was actually from future and he knows these results before it happened
This guy has nothing on Australian gambler Zeljko Ranogajec - A mathematics genius who has an estimated annual turnover of over $3bn who also developed a computer program to bet on races across the globe. Another punter no one has heard of.
I loved this video, thanks.
What a great man!
Questions of science, science and progress
Do not speak as loud as my heart
Mervin Marias nobody said it was easy
they need to make a movie about this guy,,,what an interesting story
The biggest assist to gambling is Excel. Using a spreadsheet you can try a zillion different combinations at zero cost until you find the one that pays.
Now they’ve patched this, thanks mate
Go back to 85 and get that almanac
How can i contact this man
Am not a gambler..but during KY- Derby...I always empty my billfold..betting trifecta.etc..the moment horses would be flying..people 🔊 for their horses...life is living🙄🙄
Yes, but this dispatch fails to mention that the horses abandoned him
after they found out about his devious scheme.
I was made to understand he predicted precisely the complete order of nine horses in a nine horse race a problem for people to select two horses ( exacta ) or three horses ( trifecta ) but nine horses in order that guy is beyond genius not even Nerd can describe him wish I can find a word to describe him
No Triple trio - in any order in 3 races
Inside Track Evens is where it’s at
You imagine you earn more money running then participating in the game, the law of big numbers. The more races running the more bets that can be placed at the same time the more profit for the bookie why the house advantage can only increase the number of total bets placed based on the number of races. The bigger the bookmakers the bigger the number of races covered the bigger the profit.
This method works in GTA 😏
thanks ill go do this now
Horse racing in HK is much more popular than in the U.S.A. !
The thoroughbred industry in the United States is highly fragmented; and its been that way for a long time!
i could really use his help with the powerball
I'm from HK ive been to the football clib
2:16 - Bill looks like Edward Norton Jr. He could do his life story.
My father-in-law lost his house betting on horses.
Now your father in law is a billionaire as he has nothing as nothing is unreachable
That’s all, just his house . If I told you what guys that I know lost your hair would stand up .
Does concept of leverage apply in this type of market ? If so how
Don’t think so that’s why you need a massive capital to start off
First step: have a short friend and nickname him gypsi
How to make a billion dollars in horse racing? Open a race track and ask the government for a bailout if you fail.
Or go public and screw the shareholders a la FRANK STRONACH.
Step one: steal old mans time machine
Step two: give copy of sports almanac to younger self
That would be an awesome movie😂
Loll
Make it a movie with a guy named biff
Inspiring ; )
To lose your house, wife and family, and in return many model wife's fast cars and mansions, hmmm
Those gambling companies are surprised he always wins but they aren't surprised they bankrupt people who try to win.
Wrong. The bookies with whom he bets kick back rebates to guys like this, while the average player gets a dime less per dollar on what he collects.
". How to make a billion" get Woods as your partner.
I wish he gave me that ticket. It would've changed my life
The algorithm is searching for the one.
Just get the 1950 - 2000 Grays sports almanac. Bet on the winner and you'll never lose.
I thought It’d be funny to share this. I got a 1-800-Gambling ad right before this video started. Oh how ironic
....How is this diffrent from whats happening on the stock markets today?
Its not, that the punchline. Our whole global economy is just a big casino
Lol it’s pretty different
Great video... Similar to what we do at Zcode, he used the machine learning and stats to build the advanced models that predict the winners with the great accuracy.
He is a genius
ขอบคุณครับ
when you put all your points on mastering Propability 😏
As for horses..I know I'm in the top 5% of the best.. I've helped people who like betting favorites..looking for better payout..some never want a winner but a horse that might win at a decent price.
you're either making money or you're not, there's no top percentile because 99% are losing money. And if you are making money you can scale it to where you're making millions a year.
@@luscious9797 I have not worked since 2011. July9th to be exact..Some month i break even. Happens. My least amount I profited was just under 72k in 2014 I think it was
@@clintbordelon3129 yea right internetboy
economic explained has already done this
Great piece 👍🏻
Is that a Grays Sports Almanac in your pocket or are you just happy to see me
This is not how to make 1 billion horse racing this is how someone made a billion horse racing.
Bill is a nice guy.
so he practically played roulette with horses instead the null
How much did he win? What was the jackpot?
and here's my scraping a 5r from under the sofa to place a bet that doesn't win...
Anyone else get a Mike Bloomberg ad on this video? Lmao
Bookmakers are limited by their customers in making their odds. For example if event has 55% but bookmaker knows 70% of customers Will bet that outcome they will be forced to make odds closer to 70% which create opportunity for professional bettors. So you basically look % of bets on something and bet against it.
Just started betting at Sha tin and have noticed following Joao Moreira makes u a few quid he regularly rides 4 & 5 timers it's just getting the right 4 or 5 on ur slip lol
this is magic
awesome