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Benter, 61, walks with a slight stoop. He looks like a university professor, his wavy hair and beard streaked with gray, and speaks in a soft, slightly Kermit-y voice. He told me he’d been driven only partly by money—and I believed him. With his intelligence, he could have gotten richer faster working in finance. Benter wanted to conquer horse betting not because it was hard, but because it was said to be impossible. When he cracked it, he actively avoided acclaim, outside the secretive band of geeks and outcasts who occupy his chosen field. Some of what follows relies on his recollections, but in every case where it’s been possible to corroborate events and figures, they’ve checked out in interviews with dozens of individuals, as well as in books, court records, and other documents. Only one thing Benter ever told me turned out to be untrue. It was at the outset of our conversations, when he said he didn’t think I’d find anything interesting to write about in his career.
Now let’s say I’m tired of flipping coins, and want to quit, but while begging me to stay you offer me a better deal. This new deal pays me $1.10 for every heads, and I still pay you $1.00 for every tails. What happens now is half the time I win $1.10 and half the time I lose $1.00. If we flip 100 times I should average 50 wins of $1.10 ($55) and 50 losses of $1 ($50). Every flip of the coin I have a positive expectation (+EV) of 5 cents. As the one offering me this proposition you have the opposite, every flip of the coin is 5 cents –EV for you.
Horse racing in Australia was founded during the early years of settlement and the industry has grown to be among the top three leading Thoroughbred racing nations of the world.[43] The world-famous Melbourne Cup, the race that stops a nation, has recently attracted many international entries. In country racing, records indicate that Goulburn commenced racing in 1834.[44] Australia's first country racing club was established at Wallabadah in 1852 and the Wallabadah Cup is still held on New Year's Day (the current racecourse was built in 1898).[45]
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One of the reasons I eschewed betting on horse racing was that, based on the Racing Post’s league table of newspaper tipsters, only two showed a profit. Listeners to Radio 4’s Today programme, meanwhile, might also be familiar with the Racing Tips, breezily announced each morning. But as was conceded last December, had you put £1 on every bet the presenters passed on in 2014, you would have ended up £62 out of pocket.
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and redemption don’t mix with betting on sports. It’s only a natural instinct to want to make up for a loss. Especially a bad loss. That’s where desperation will get you into trouble. We are in it for a marathon, not a sprint. The bettors that make consistent money are the ones that understand it’s one game at a time. Make sure your goal is to make money over a long period of time. If you are looking for a quick buck, why waste your time and just go to the Roulette table and take your chances on black. I know how it feels to take a team that is -3.5 and they win by 3 points. But Think about all the times where you had the team that was +3.5 in that situation. You tend to only remember that bad losses and not the “bad wins”. Just suck up that bad loss and move on to the next game but don’t force it. Think of yourself as a QB that just threw an interception in that situation, you got to have a short memory.

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Want to learn how a certain jockey works his mounts out of the gate or how a trainer's horses handle various tracks? We have the racing footage. Horse race replays let you pick up all the details that can give you powerful handicapping ideas you can put to work when you wager. Scout new horses, review the day's races or even just watch the races you missed. Then watch your horse racing handicapping and wagering skills improve.
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Racing in medieval England began when horses for sale were ridden in competition by professional riders to display the horses’ speed to buyers. During the reign of Richard the Lionheart (1189–99), the first known racing purse was offered, £40, for a race run over a 3-mile (4.8-km) course with knights as riders. In the 16th century Henry VIII imported horses from Italy and Spain (presumably Barbs) and established studs at several locations. In the 17th century James I sponsored meetings in England. His successor, Charles I, had a stud of 139 horses when he died in 1649.
Benter was struck by the similarities between Kelly’s hypothetical tip wire and his own prediction-generating software. They amounted to the same thing: a private system of odds that was slightly more accurate than the public odds. To simplify, imagine that the gambling public can bet on a given horse at a payout of 4 to 1. Benter’s model might show that the horse is more likely to win than those odds suggest—say, a chance of one in three. That means Benter can put less at risk and get the same return; a seemingly small edge can turn into a big profit. And the impact of bad luck can be diminished by betting thousands and thousands of times. Kelly’s equations, applied to the scale of betting made possible by computer modeling, seemed to guarantee success.
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We're going to share with you the most important secret of winning your sports bets: follow the news and use the right tools! On our website we bring quality content to bettors who want to stay up to date with the latest developments. You will find live stats, live streaming, daily predictions and football tips, our expert level analyses of bookmakers or soccer news, therefore many tools are available to help you place the winning bets and increase your gains .
Developing a mindset that supports winning sports betting is ultimately the key to achieving and sustaining consistent profits. Every behaviour, thought, action and feeling is coming from within, so although the development of knowledge, skills and attitudes is essential, so along with this is the development of a winning mindset..Your mindset is the foundation on which all of your betting behaviours are built up on and is the catalyst for your betting decisions.
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Benter faced an additional and more peculiar anxiety. A month before the handover, his team won a huge Triple Trio jackpot. They were in the middle of an epic winning season, up more than $50 million. The Jockey Club normally put Triple Trio winners in front of the TV cameras to show how, for example, a night watchman had changed his life with a single bet. This time, nobody wanted to tout that the winner was an American algorithm.
Detach all emotion involved with your personal feelings. Betting on sports has to be a business transaction for you. If you have read any articles on this website before you know that I am a die-hard Giants fan. That said I wouldn’t think twice about betting against the Giants or on one of their rivals. I try to avoid betting on the Giants games at all costs but if there is value in a pick, I will take the other team. If you are testing a new strategy and it’s not working, don’t stay married to it. This goes back to the Quarterback analogy, you have to have a short memory. If you are way too emotional after a loss because of the money you have lost, you are spending too much money and need to think of a new money management plan. Don’t bet with more money than you are willing to lose.Also, you don’t want to bet on a game just because it is on national TV and make it more “fun”. Remember if you want to make money long term, you are not doing this for fun. You are betting on sports because you want to pad your pockets.
One major type of Thoroughbred horse race is the handicap race, in which the weights horses must carry during a race are adjusted in relation to their age (the more immature the horse, the less weight it carries). In this system, a two-year-old, the youngest racer, competes with less weight to carry than a horse that is three years or older. In general, a horse is reckoned as being fully aged at five years and is handicapped accordingly. There are also sex allowances for fillies, so that they carry slightly lower weights than males. Weight penalties or allowances are also provided on the basis of individual horses’ past performance. Such handicaps may be set centrally where racing is so controlled or by individual tracks, the goal being to render all horses as nearly equal as possible by establishing what is called racing form. The handicap race thus represents an outright repudiation of the classic concept that the best horse should win. Instead, handicaps are assigned with the specific objective of giving all the horses in a race an equal chance of winning.
Now let’s say I’m tired of flipping coins, and want to quit, but while begging me to stay you offer me a better deal. This new deal pays me $1.10 for every heads, and I still pay you $1.00 for every tails. What happens now is half the time I win $1.10 and half the time I lose $1.00. If we flip 100 times I should average 50 wins of $1.10 ($55) and 50 losses of $1 ($50). Every flip of the coin I have a positive expectation (+EV) of 5 cents. As the one offering me this proposition you have the opposite, every flip of the coin is 5 cents –EV for you.

Benter was a more reserved presence. He could often be seen sitting at the end of a bar, engaged in quiet conversation. Over time an aura built up. To the small group of insiders who knew that software had conquered Happy Valley—perhaps a dozen people—Benter was the acknowledged master. Even Woods (in an interview he later gave to an Australian journalist) admitted that his rival’s model was the best. But the two men couldn’t resolve their differences. When Benter saw his old partner in Wan Chai, he would smile politely and walk away. They’d gone 10 years without speaking.
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Club horse racing reappeared on a small scale in the 1990s. In 2008, the China Speed Horse Race Open in Wuhan was organized as the qualification round for the speed horse race event at the National Games the next year, but was also seen by commentators as a step towards legalizing both horse racing and gambling on the races.[64] The Wuhan Racecourse was the only racecourse that organized races in China.[65] In 2014, the Wuhan Jockey Club organized more than 80 races. Almost all Chinese trainers and jockeys stabled in Wuhan. However, with the demise of the event at the National Games and the government not relenting from the ban on commercial racing, various racecourses built in recent years are all in a state of disuse: The Nanjing Racecourse, which previously hosted National Games equestrian events, is now used as a car park;[66] the Beijing Jockey Club was shut down in 2008. The racecourse in Inner Mongolia has not been active after 2012.

Woods was used to being the senior partner in gambling teams and getting his way. He never lost his temper, but his mind, once set, was like granite. Benter was also unwilling to budge. Their alliance was over. In a fit of pique, Benter wrote a line of code into the software that would stop it from functioning after a given date—a digital time bomb—even though he knew it would be trivial for Woods to find and fix it later. Woods would keep betting algorithmically on horses, Benter was sure of that. He resolved that he would, too.
Our ELO Football Ratings are a big part of how we select teams, and they are unique to Punters Lounge to the envy of many websites who have failed to replicate them. They are unique in that they identify teams that have perhaps not got the results they deserve, yet are still playing well and well worth following and usually at bigger odds than they should be!
Free football betting tips and our best soccer predictions are what Punters Lounge have been advising since 1999. However, we're not like most websites as we have an army of the best football tipsters on our World Famous Betting Forum but we're also armed with some amazing and unique football ratings that take away any chance of wrongly assessing matches because of human error or chasing losses.
Horse racing in Great Britain is predominantly thoroughbred flat and jumps racing. It was in Great Britain in the 17th to 19th centuries that many of the sport's rules and regulations were established. Named after Edward Smith-Stanley, 12th Earl of Derby, The Derby was first run in 1780. The race serves as the middle leg of the British Triple Crown, preceded by the 2000 Guineas and followed by the St Leger. The name "Derby" has since become synonymous with great races all over the world, and as such has been borrowed many times in races abroad.[39]
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