I love watching a guy like Herman Edwards on TV. Let’s think about why ESPN hired him. He is fun, funny, full of energy, and has credibility having been a player and coach of two different teams. Why didn’t they hire a guy like John Outlaw who played the other cornerback position with Edwards in Philadelphia? It’s one of many reasons I’m sure but the main reason being he’s probably not as entertaining as Herman Edwards on TV. Herman is on TV to entertain you, not give you good value who to bet on. It doesn’t even matter what information he’s saying, the only thing his producers care about is if he is interesting. The real guys to listen to aren’t on the radio. The Vegas sharps that do this for a living are the ones to listen to. I’m not saying the X’s and O’s of the games aren’t important, but it doesn’t outweigh a good sound betting strategy.
Riding a season-high six-game winning streak, the Boston Bruins continue to strengthen their playoff position in the Eastern Conference by beating teams from the West. The Bruins have earned points in nine straight games and resume a five-game road trip in Sin City tonight. Sportsbooks opened the Golden Knights as -125 home favorites with a total of 5.5.
And how much is that—exactly? During our interviews, it was the one topic that made him visibly uncomfortable. William Ziemba, a finance professor at the University of British Columbia who studied the Hong Kong syndicates, has said that a first-rate team could make $100 million in a good season. Edward Thorp (who’s still writing about gambling in his 80s) asserted in a 2017 book that Benter had a “billion-dollar worldwide business betting on horse races.” When pushed, Benter conceded that his operations have probably made close to a billion dollars overall, but that some of the money has gone to partners in Hong Kong and the U.S. “Unfortunately,” he said, “I’m not a billionaire.”
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Other additions, such as the number of rest days since a horse’s last race, were more successful, and in his first year after returning to Hong Kong, Benter won (as he recalls) $600,000. The next racing season, ending in the summer of 1990, he lost a little but was still up overall. He hired an employee, Coladonato, who would stay with him for years, and a rotating cast of consultants: independent gamblers, journalists, analysts, coders, mathematicians. When the volume of bets rose, he recruited English-speaking Filipinos from the ranks of the city’s housekeepers to relay his bets to the Jockey Club’s Telebet phone lines, reading wagers at the rate of eight a minute.
2018 Belmont Festival Friday Stakes Results - Friday at Belmont Park had 5 stakes races: the True North (G2) won by Imperial Hint, the New York Stakes (G2) won by Fourstar Crook, the Belmont Gold Cup Invitational (G2) won by Call to Mind, the Bed o'Roses Invitational (G3) won by Lewis Bay, and the Tremont Stakes won by Our Braintrust. Get the results, charts, and photos here.
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The team points out that this kind of practice could be illegal. “Advertising goods or services with intent not to sell them as advertised, or advertising goods or services with no intent to supply reasonably expectable demand but with the intention to lure the client to buy another product (a practice often called ‘bait’ or ‘bait and switch’ advertising), is considered false advertising and carries pecuniary penalties in the U.K., Australia, and the United States of America,” say the team.
A breakthrough came when Benter hit on the idea of incorporating a data set hiding in plain sight: the Jockey Club’s publicly available betting odds. Building his own set of odds from scratch had been profitable, but he found that using the public odds as a starting point and refining them with his proprietary algorithm was dramatically more profitable. He considered the move his single most important innovation, and in the 1990-91 season, he said, he won about $3 million.
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Florida Derby (G1) day at Gulfstream Park - Favorite Audible drew off to win the Xpressbet Florida Derby (G1) by 4 lengths over Hofburg and Mississippi. Also on the card, Coach Rocks won the Gulfstream Park Oaks (G2), Lull won the Honey Fox Stakes (G3), Conquest Big E won the Gulfstream Park Hardacre Mile (G2), and Hi Happy won the Pan American Stakes (G2). Get the results, charts, and photos here.
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