2min chapter

Economics Explained cover image

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

Economics Explained

CHAPTER

Introduction

Bill Benter made almost one billion dollars by gambling on horse races. The man was a mathematical genius who was on the cutting edge of both computer science and statistical modelling. It is widely assumed that with his business knowledge he could have made money just about anywhere. He said: I didn't get into professional horse racing because it was hard, but because it was said to be impossible.

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