the-gambler-who-cracked-the-horse-racing-code
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This article tells the story of Bill Benter, a professional gambler who developed a computer model to crack the horse racing code. It explains how Benter started his journey as a small-time gambler, studying past race data and developing algorithms to predict race outcomes. Over time, he refined his model and partnered with a computer programmer, Alan Woods, to create a more powerful betting system. The article highlights the challenges they faced, including legal and logistical issues, as well as the massive profits they eventually accumulated. It discusses the ethical implications of their success in a sport where traditional handicappers struggled to compete with their algorithmic approach. Overall, the article offers a fascinating insight into the world of professional gambling and the innovative methods used to gain an edge.