Bill Benter

William "Bill" Benter (born 1957) is an American and Hong Kong professional gambler and philanthropist who focuses on horse betting. Benter earned nearly $1 billion through the development of one of the most successful analysis computer software programs in the horse racing market.[1]

Bill Benter
Born
William Benter

1957 (age 62–63)
Pittsburgh, Pennsylvania, U.S.
Alma materCase Western Reserve University
University of Bristol
Occupationprofessor
Businessman
Gambler
Years active1984 –present
Spouse(s)
Vivian Fung
(
m. 2012)
Children1

Benter has served as president of Hong Kong Rotary Club,[2] founded the Benter Foundation, is chairman and International CEO of Acusis LLC, Pittsburgh, Pennsylvania, and occasionally lectures university students on subjects like statistics and mathematical probability.[3]

Benter is a philanthropist donating to charitable causes both in Hong Kong and the United States.

Early life and career

William Benter was born and raised in Pittsburgh, Pennsylvania.[2] As he grew up, he wanted to use his mathematical talents to make a profit so immediately after finishing a university physics degree in 1977,[3] he went to the blackjack tables in Las Vegas and used his skills to count cards. He came across the book, Beat the Dealer, by Edward O. Thorp, which helped him improve his methods.[4] Seven years later, he was banned from all of Vegas’ strip's casinos.[2]

Benter then met with Alan Woods, a like-minded gambler whose expertise in horse racing complemented his own in computers. The two became racing partners and in 1984, moved to Hong Kong.[3] Starting with a mere US$150,000 (equivalent to US$369,138 in 2019), the pair relied on their mathematical skill to create a formula for choosing race winners.[2]

Using his statistical model, Benter identified factors that could lead to successful race predictions. He found that some came out as more important than others.[5] Benter later worked with Robert Moore.[6]

Benter is a visiting professor at the Southampton Management School[7] as part of the Centre for Risk Research and a fellow of the Royal Statistical Society.[8]

In 2007, Benter founded the Benter Foundation.[9]

Personal life

In March 2012, Benter married Hong Kong National Vivian Fung in a Tibetan Buddhist rite.[10] In 2015 they had their first child Henry.[11] Benter is currently residing in Pittsburgh.[12][13]

Philanthropy

Benter is a big contributor to charity and political groups. According to political campaign contribution records, in 2008 Benter and Acusis were listed as donors to Barack Obama's presidential campaign and the Democratic Party of Virginia. In 2010, The Advantage Trust donated to Israeli-based organization Rabbis for Human Rights.[14] The Atlantic reported in 2010 that Benter had raised and given at least US$800,000 in support to J Street.[15][16]

In 2012, Benter donated one million dollars to the University of Pittsburgh.[17] In 2013, Fox News reported that Benter donated thousands of dollars for pro-Hagel ads in Politico when he was nominated to be next Secretary of Defense by President Obama.[18]

In 2016, The Washington Post reported the Benter raised US$100,000 for A New Voice for Maryland, a pro-Joel Rubin group for Democratic nomination in Maryland's 8th Congressional District.[19]

gollark: What? We are doing ITERATED PRISONER'S DILEMMA WITH VISIBLE SOURCE.
gollark: ```scheme(define reflector (lambda (x y z) (if (eq? z reflector) 0 (z x y z))))```
gollark: I wrote `reflector`, which plays a thing against itself.
gollark: Unless I can just get the "stack depth" or something somehow.
gollark: I could make the code-using ones check if they're going to *directly* recurse. But mutual recursion is not really fixable.

See also

References
  1. Colon, Nicholas G. (May 17, 2016). "Inside The Blackjack Ball: An Exclusive Look At The Gathering Of The Smartest Gamblers In The World". Forbes. Retrieved April 20, 2017.
  2. Delvecchio, Jerry. "William Benter (Bill Benter), the richest and most successful gambler of all time? Hong Kong Horse Racing Legend – The Worlds Greatest Gamblers". worlds-greatest-gamblers.com. Retrieved April 20, 2017.
  3. Chung, Yulanda (November 3, 2000). "The Winning Edge". CNN. Retrieved April 20, 2017.
  4. "Bill Benter – One of the Wealthiest Gamblers in the World". gamblingsites.org. Retrieved April 20, 2017.
  5. Kucharski, Adam (February 25, 2016). "Are the Best Gamblers Skilled, or Just Lucky? From poker to horse racing, the statistics involved in coming out on top". Discover Magazine. Retrieved April 20, 2017.
  6. https://www.themonthly.com.au/monthly-essays-tony-wilson-mr-huge-alan-woods-and-his-amazing-computer-nags-riches-story-149
  7. "Professor Bill Benter, University of Southampton". University of Southampton. Retrieved April 20, 2017.
  8. "Who is Bill Benter?". benterfoundation.org. Retrieved April 20, 2017.
  9. https://benterfoundation.org/board-staff/
  10. "Bill Benter – Pittsburghs Beautiful People". pittsburgh-legends.com. Retrieved April 20, 2017.
  11. Bencivenga, Natalie; Bauknecht, Sara (May 6, 2016). "Motherly wisdom from some new, and not so new, Pittsburgh moms". Pittsburgh Post-Gazette. Retrieved April 21, 2017.
  12. "William Benter, an American expert horse racing gambler who found success using racing form analysis". thegreattipoff.com. Retrieved April 20, 2017.
  13. "The Gambler Who Cracked the Horse-Racing Code". Bloomberg L.P. May 3, 2018. Retrieved May 4, 2018.
  14. Steger, Isabella (September 30, 2010). "Jewish Advocacy Group Donor Linked to Hong Kong". The Wall Street Journal. Retrieved April 20, 2017.
  15. Good, Chris. "J Street's Half-Truths and Non-Truths About Its Funding". The Atlantic. Retrieved April 21, 2017.
  16. "Soros revealed as funder of liberal Jewish-American lobby". The Washington Times. Retrieved April 21, 2017.
  17. "Bill Benter, the richest of them all, but who is he? – Gambler Profiles". gambler-profiles.com. Retrieved April 20, 2017.
  18. "Media Matters funder bankrolls pro-Hagel campaign". Fox News Channel. January 8, 2013. Retrieved April 21, 2017.
  19. Turque, Bill (April 4, 2016). "Middle East peace activist wants to take fight to Republicans in Congress". The Washington Post. Retrieved April 21, 2017.

Bibliography


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