Read The Man Who Cracked the Horse Racing Code»

R
Kit Chellel at bloomberg.com:

Benter and Coladonato watched as a software script filtered out the losing bets, one at a time, until there were 36 lines left on the screens. Thirty-five of their bets had correctly called the finishers in two of the races, qualifying for a consolation prize. And one wager had correctly predicted all nine horses. “F---,” Benter said. “We hit it.” It wasn’t immediately clear how much they’d made, so the two Americans attempted some back-of-the-envelope math until the official dividend flashed on TV eight minutes later. Benter and Coladonato had won a jackpot of $16 million.

I’ve never placed a single bet in my life, but I found this story of a man who made a fortune by algorithmically betting on horse races to be an intriguing read. What a crazy future is ahead – Computers + math + data + machine learning = …

I've never placed a single bet in my life, but I found this story of a man who made a fortune by algorithmically betting on horse races to be an intriguing read. What a crazy future is ahead - Computers + math + data + machine learning = ...

∞ https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code

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Andrew Ford

Andrew is passionately opinionated about all things technology, is a proud new father to a beautiful son and currently is occupied, earning his keep as a Registered Nurse in the majestic country of New Zealand.

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