5min chapter

Economics Explained cover image

How This Man Profited $1 Billion Betting on Hong Kong Horse Races

Economics Explained

CHAPTER

Benta's Life and Times

Benta's Las Vegas friends wouldn't stake him at horse racing, but they would stake him at Blackjack. He took their money to Atlantic City and spent two years working on his racing model in his spare time. In September of 1988, having amassed a few hundred thousand dollars, he returned to Hong Kong. Sure enough, Woods was still there. The Australian had moved into a penthouse flat with a spectacular view of the harbour. Their alliance was more or less over. Benta ran a line of code into the software that would stop it from functioning after a given date. But instead of threatening him, a Jockeys Club salesperson said you're one of our best customers

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