Bill Benter – Biggest Horse Racing Punter
In current times, Bill Benter is considered to be one of the most successful and richest horse punters. After finishing a university physics degree in 1977, Mathematics genius Bill Benter used his talents to make profits, he went to the blackjack tables in Las Vegas and used his skills to count cards at blackjack tables in Las Vegas. He came across the book, Beat the Dealer, by Edward O. Thorp, which helped him improve his methods. Seven years later, he was banned from most of Vegas’ strip’s casinos.
He 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. Starting with a mere $150,000 the pair relied on their mathematics skill to create a formula for choosing race winners. In this miracle computer software, each horse is rated on 120 different handicapping factors. Using his statistical model, Benter identified factors that could lead to successful race predictions. It is estimated that Bill Benter makes $100 million annually, often raking in $5-$10 million in a single race day. He’s also a philanthropist and a big contributor to charity and political groups.