3min chapter

Economics Explained cover image

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

Economics Explained

CHAPTER

The Story of Bill Benter and the Algorithm for Horse Racing

Bill Benter bet $1.6 million on 51,000 combinations to win the Triple Trio in Hong Kong horse racing. Benta had avoided major prizes like this since 1997 for fear of angering Jockey Club's management. The biggest jackpot in Hong Kong racing history would go unclaimed and eventually be distributed by the Jockey Club.

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