Successful Gamblers Horse Racing
What is the best bet in horse racing?
- Successful Gamblers Horse Racing
- Successful Gamblers Horse Racing Handicapping
- Successful Gamblers Horse Racing Replays
- Successful Horse Racing Gamblers
- Successful Gamblers Horse Racing Tracks
- Successful Gamblers Horse Racing Entries
Patrick Veitch is one of the most successful gamblers in recent times, winning over £10m from the bookies thanks to his horse racing bets. For him getting bets on at advertised prices (if at all) was always going to be difficult so he employed a team of ‘agents’ to place bets for him. Horse racing markets on Betfair are trading to 100.5% to 102%, which in terms of overround is a lot lower than fixed odds bookmakers. Bookmakers hypocritically bemoan the exchanges – I say hypocritically because you can’t have accounts with the exchanges and still moan about them – because exchanges have smashed the bookmakers’ monopoly.
Types of Horse Racing Wagers (and Your Chances of Winning)Bet TypeYour Chances of WinningSuggested Plays (Based upon a $100 Bankroll)ShowVery good$6 per horsePlaceGood$5 per horseWinAverage$4 per horseQuinellaAverage$2 quinella box using three horses costs $6
Can you make money from horse racing?
If you bet $2 to win on each of those horses in every race you will have bet a total of $10. … You will need to win 2 out of 5 races to show a profit. By being right 40% of the time you can make money betting on 2:1 shots at the racetrack. Of course things don’t always line up that simply in the real world.
How do you bet on a horse successfully?
Horse Betting: Thoroughbred Tips
- Wager on the favorite. The favorite is the horse with the lowest odds or the one on which the most money has been wagered. …
- Purchase a tip sheet or handicapping aid. …
- View the horses. …
- Class. …
- Pace. …
- Trainers and Jockeys. …
- Changes in equipment. …
- Trip.
How often does the favorite horse win?
about 35%
What do professional gamblers bet on?
So most professional gamblers will instead use a marketplace based sports betting exchange such as Betfair. In a betting exchange, you are betting against other punters and Betfair just takes a commission of the winnings. So no matter how much money you make they won’t close your account.8 мая 2019 г.
Should I bet each way?
Each way matched betting is a profitable strategy to create value out of horse racing bets. Betting each way on horses gives us an advantage because bookmakers don’t set the place odds according to probability. They are simply always tied to the win odds (a 1/4 or 1/5 fraction of the win price).
Can you win on horse racing?
There are two ways to bet on two horses at a time, the exacta bets and the quinella. To place an exacta bet, you choose the horses that you think will win a first and second place. To win, you have to get both horses and their order right.
Who is the richest gambler in the world?
But first, let’s announce them; here’s our list of the five richest professional gamblers:
- Bill Benter.
- Zeljko Ranogajec.
- Phil Ivey.
- Chris Ferguson.
- Edward Thorp.
What horse number wins the most?
Winning TAB numbers: TAB number 1 is the most dominant number in trifectas, appearing in 40 per cent of all trifectas. TAB number two is next with 35 per cent, number three with 33 per cent, number four with 31 per cent. The smaller the TAB number the better your chances of getting a successful trifecta collect.
What is the biggest bet ever placed on a horse?
William Lee Bergstrom (1951 – February 4, 1985 born in Austin, Texas) commonly known as The Suitcase Man or Phantom Gambler, was a gambler and high roller known for placing the largest bet in casino gambling history at the time amounting to $777,000 ($2.41 million present day amount) at the Horseshoe Casino, which he …
Can you bet on every horse in a race?
A horse priced at even money, is 50% chance to win, so in your $100 stake, you bet $50 on that, and so on. So you don’t bet like this. If you bet equal amounts on all horses, then you will win if the long prised horse wins, but lose if the short priced one wins. … So you don’t back every horse.
American gambler William Benter developed arguably the most successful computer software in the world to attack the giant Hong Kong horse racing market, where the pools routinely reach into the hundreds of millions of dollars. During the 2010 racing season alone the betting turnover reached HK$71.65 billion, on just two racetracks! By comparison, all the thoroughbred racetracks in the U.S. combined take in just over $12 billion.
William Benter's software reportedly assesses hundreds of individual variables for each horse, jockey, trainer and track. Using the results, Benter and his team create their own prices and probabilities, and use these to bet against the general public. With amazing success. The rumours are wild, but estimates are that Bill Benter earns something around US$10,000,000 annually from Hong Kong horse racing.
Successful Gamblers Horse Racing
More than any other industry, Horse Racing is based on emotion and feelings, people place bets based on everything from the horse's name to tips from a friend. Nowhere more than the notoriously supersticious Hong Kong race-tracks. William Benter used computer logic to beat the system, and make millions!
Successful Gamblers Horse Racing Handicapping
William Benter Biography
Born and raised in Pittsburgh, Pennsylvania, William Benter began using his mathematics skills to count cards. Legend has it that in the mid 1970s Benter came across the book “Beat the Dealer”, memorized it’s strategies and began his professional gambling career at the blackjack tables of Las Vegas.
At the same time Bill Benter was being banned from most of the Vegas’ strip’s casinos (for winning too much money), he met fellow card counter Alan Woods, and the pair decided to have a shot at horse racing.
In 1984, Benter and Woods went Hong Kong, starting with a mere $150,000. The pair relied on their mathematic skill to create a formula for choosing race winners.
When Woods and Benter parted ways, in 1987, Benter refined his computerised probability model. William Benter is now known as having the best statistical handicap method, assigning numerical values to estimate a horse’s probability of winning.
Benter has acknowledged that the increase in computer technology have helped his team’s workload over the years, while greater experience has also allowed this professional punter more accurate betting. For example, while Benter started out examining only 16 variables for each horse in a race, it is now alleged that his team score horses on120 different handicapping factors.
Successful Gamblers Horse Racing Replays
William Benter’s pioneering work with computerized betting, his mathematical skill and knowledge, all have made him one of the most successful gamblers the horse racing industry had ever seen.
Benter is generous with his fortune, donating to charitable causes both in Hong Kong and America. His has even served as president of his Hong Kong Rotary Club.
Further Reading on William Benter
Successful Horse Racing Gamblers
“The High Tech Trifecta”
By Michael Kaplan, Wired Magazine
Wired Magazine considers the operations of William Benter and his peers in software terms...
http://www.wired.com/wired/archive/10.03/betting_pr.html
Successful Gamblers Horse Racing Tracks
“Playing percentages all the way to a billion”
By Max Presnell, The Sydney Morning Herald
Computer betting teams in horse racing in Hong Kong working from mathematical models. This article looks at the strategy of the three biggest punters in the racing industry of all time: William Benter, Alan Woods and Zeljko Ranogajec. And how Benter, Woods and Ranogajec all make billions from horse racing...
http://www.smh.com.au/articles/2009/08/14/1249756405619.html?feed=fairfaxdigitalxml
“The Life: Hong Kong Betting Syndicates”
By Jay Johnstone, June 2005
Every punter has a system, but few involve 40-strong teams using bespoke software to routinely deliver seriously fat profits. Jay Johnstone looks to Hong Kong for the closest thing to a sure bet...
http://www.pokerplayer.co.uk/sports-betting/horse-racing/137/the_life_hong_kong_betting_syndicates.html
Successful Gamblers Horse Racing Entries
“The Winning Edge: A punter's program makes millions trackside”
By Yulanda Chung Hong Kong
This Asia Week article considers that the secret to William Benter’s horse racing success is his gambling software.
http://edition.cnn.com/ASIANOW/asiaweek/technology/2000/1103/tech.computing.html