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?

National Problem Gambling Hotline: 1-800-522-4700

Articles Referenced:
- https://www.gwern.net/docs/statistics...
- https://www.tepinvestments.com/blog/b...
- https://en.wikipedia.org/wiki/Kelly_c...
-    • How To Make $1 Billion On Horse Racing  
- https://www.wired.com/2002/03/betting/
- https://www.wired.com/2002/03/betting/
- https://www.marca.com/en/lifestyle/20...
- https://www.bloomberg.com/news/featur...

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