William “Bill” Benter developed one of the most successful
computer software programs in the world that helped him overcome
the Hong Kong horse racing market, but he certainly didn’t stop
there. He has moved into the United States and other Asian
countries, reportedly bringing home over $10 billion dollars a
year, making him one of the first professional gambling
Not only is Benter a mathematical genius who came up with an
extraordinary piece of gambling software, but he also is a
thoughtful philanthropist who dedicates a lot of his time and
finances to support government affairs, education related
causes, and many other organizations as well.
Insight into His Past
William Benter was born in Pittsburgh, Pennsylvania and
that’s where he spent the majority of his childhood. Even in
grade school, it became evident that Benter had exceptional
mathematic skills as he would often work out different equations
in his head just for fun.
As Benter grew up, he desired to use his mathematical talents
to make a living but he didn’t want to have to devote his life
to teaching or any other regular 9 to 5 job, so he headed to the
nearby casinos and began using his skills to count cards. It was
around this time that Benter came across the book, Beat the
Dealer, by Edward O. Thorp, which helped him improve his
Benter was embarking on a long journey to becoming a
professional gambler, but unfortunately Benter was such a
talented card-counter that many casinos banned, as they knew he
was bound to win consistently. Discouraged and realizing
gambling was his calling, Benter went back to the drawing board
to see if he could figure out another way to use his
mathematical knowledge to triumph in the world of gambling and
that’s just what he did.
Professional Gambling: Software that Beats the System
Benter was a too well-known face in casinos, so he decided to
take on a form of gambling that allowed him to stay away from
them, leaving him with no choice but to start gambling on
horseracing. Through hours of working on perfecting his work,
Benter was able to develop a software program that assessed
sixteen individual variables that could affect the horses,
jockeys, and trainers of a race that could ultimately have an
impact its outcome.
Using these results, Benter and his team created their own
prices and probabilities, which they used to make bets that were
usually always accurate. Benter is always looking for ways to
improve his software, adding more variables to improve his bets.
His latest updated software analyzes over 130 different
variables and it takes a deeper look into the prices of
different bets to see where he has the most potential to make
the most money.
Benter has hired a team of professionals to place bets for
him, strategically having them place bets mere seconds before
the last bets can be accepted. On average, he brings home $5-$10
million in a single day at the racetrack. His success started on
the racetracks of Hong Kong, and that’s where he met his future
More recently, the couple has moved overseas to the United
States and other Asian countries that allow horseracing, so
Benter can prove that his software can successful in any
environment. He reportedly wins approximately 24% profit on the
turnover each time he bets, which is an impressive figure for
In order to faithfully support United State’s leaders and
organizations, Benter formed the Benter Foundation with his
wife, so they can focus on helping organizations and people
worldwide. They look for organizations that are committed to
advancing education, human services, global citizenship, and a
myriad of other acts of service.
The Benters also pour a lot of their money into politics, as
they are very proud and passionate democrats. In 2007 and 2008,
they donated more than $136,000 to Democratic candidates,
including $6,900 to Obama. Benter is also member of the shadowy
Democracy Alliance, under which he donates $200,000 to a select
group of liberal nonprofit organizations.
Despite trying to avoid this career when he was younger,
Benter ironically enjoys being a visiting professor at the
Southampton Management School as part of their Center for Risk
Research. Benter has also been a guest speaker at Harvard
University, Stanford University, Carnegie Mellon University, The
City University of Hong Kong, and many more Universities across
the United States and China.
The City University of Hong Kong actually established a
scholarship in his honor, which is awarded to students each year
if they are excelling in applied mathematics. As Benter and his
wife care deeply for Hong Kong, they joined a Rotary Club that
focuses on establishing peace among China and its neighboring
countries. They also developed the Benter Initiative to help
students at the Chatham University develop a greater awareness
of world issues as they relate to different cultures.
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