Computer-Based Horse Race Handicapping and Wagering Systems - Softcover

Benter, Bill; Benter, William

Softcover

ISBN 10: 9841259931 ISBN 13: 9789841259938

Verlag: DIANA, 2020

Inhaltsangabe

The Gambler Who Cracked the Horse-Racing Code

Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his system.

This book examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. A logit-based technique and a corresponding heuristic measure of improvement are described for combining a fundamental handicapping model with the public's implied probability estimates. The author reports significant positive results in five years of actual implementation of such a system. This result can be interpreted as evidence of inefficiency in pari-mutuel racetrack wagering. This paper aims to emphasize those aspects of computer handicapping which the author has found most important in practical application of such a system.

Also included the Bill Benter "What Are My Odds?" Presentation at ICCM in 2004.

Details zur Ausgabe

• Verlag: DIANA
• Erscheinungsdatum: 2020
• ISBN 10: 9841259931
• ISBN 13: 9789841259938
• Einband: Tapa blanda
• Sprache: Englisch
• Anzahl der Seiten: 56
• Kontakt zum Hersteller: Nicht verfügbar