Bill Benter is arguably the most successful sports bettor of all time. Its estimated he made close to $1 Billion betting on horses in Hong Kong. His story is well documented, but the models he used and the reasons for his success are often overlooked. In this video I break down the circumstances that made his his model profitable and the specifics of the exact machine learning model that he used. At the end I also analyze the feasibility of creating another model like this in 2022.
0:00 Intro 0:41 Who is Bill Benter? 1:22 Lesson 1: The Law of Large Numbers 2:30 Blackjack to Horse Racing 2:50 Bankroll Management 4:07 How did His Billon Dollar Model Work? 4:57 Secret Sauce 6:00 Improving the Billon Dollar Model 6:35 $$$$$$ 7:12 The $10 Million Dollar Ticket 8:05 Could you replicate this?
