Professional gamblers call it 'deep state' handicapping: the horse racing method Bill Benter and Alan Woods used to make millions on Hong Kong racing. The average punter has no idea of the penetrating analysis behind it — every runner scored against 130 variables, the race simulated on a computer, and a 'value' price set against the market.
FREE e-book: Bill Benter – Professional Gambler
The story of the computer handicapper who took on Hong Kong racing, and the ideas behind his method.
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What you'll learn:
- Benter's method in three steps — every horse valued against 130 variables from its past runs, the race simulated over and over, then the simulated chance compared with the market price
- What a "value opportunity" is, and the argument underneath it: true odds only break you even over time, and horses over the odds are where well tested probability theory does the work
- How the method grew — 16 variables when he started, 130 now — and what the article says it returns, a figure it reports rather than proves
- Why Alan Woods, the punter from Murwillumbah they called Mr Huge, made Hong Kong his whole focus: a small number of horses, only two race tracks, rarely more than two meetings a week, and fields limited to 14 starters
The original article carries no author's name, and credits The Great TipOff.com for the Benter and Woods details.