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Product Information
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.Product Identifiers
PublisherDIANA
ISBN-139789841259938
eBay Product ID (ePID)15046667625
Product Key Features
Book TitleComputer-Based Horse Race Handicapping and Wagering Systems
AuthorBill Benter, William Benter
FormatPaperback
TopicGambling, Computer Science
Publication Year2020
Number of Pages56 Pages
Dimensions
Item Height280mm
Item Width216mm
Item Weight154g
