The easiest way to demonstrate the math behind a sports bet is to make up an example. Let’s say you and your buddy walk into a casino, each with $200 burning a hole in your pocket. There’s a big game on tonight, the Cowboys and the Redskins, so you wander into the sportsbook to check up on the latest news about the game. While you’re sitting there, you see the wagering board, with some funny numbers on it. It looks like this:
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.
War of Will wins the LeComte Stakes (G3) - Saturday at the Fair Grounds was Road to the Derby Kickoff Day with the LeComte Stakes (G3) won by War of Will, the Silverbulletday Stakes won by Needs Supervision, the Colonel E.R. Bradley Handicap won by First Premio, the Marie G. Krantz Memorial Stakes won by Dubara, and the Louisiana Stakes won by Harlan Punch. Get the results, charts, and photos here.
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After a couple of years, Benter was playing quietly at the Maxim one day when a meaty hand descended on his shoulder. “Come with me,” said a burly guy in a suit. In the back, Benter was shoved into a chair and told to produce some identification. He refused. The guard walked out, and an even more menacing guy walked in: “Show me your f---ing ID!” Benter got out his wallet.
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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Probably the most important aspect of winning at sports betting is knowing what to avoid. There is a myriad of things to avoid when betting sports. For example, try to avoid paying -110 when -105 is easily available somewhere else. Don’t bet more than normal because you’re stuck for the day/week/month/year. Don’t bet more because the game is on TV. Take any picks with a grain of salt. Most picks, especially picks that are given away, are worth their weight in gold, so 0. Occasionally you’ll find someone worth following, but chances are they are just trying to sucker you in to purchase future “locks” with the promise of a free half-season if they happen to lose.
We provide football tips not just for the weekend, but every day we think there are good bets to be had, but not betting on ridiculous leagues you can't possibly know. The majority of our tips will be on the forum, but we will show our best tips in an accumulator on this page. If there is no football bet that day, it will simply say there are no selections.
In the most prestigious races, horses are generally allocated the same weight to carry for fairness, with allowances given to younger horses and female horses running against males. These races are called conditions races and offer the biggest purses. There is another category of races called handicap races where each horse is assigned a different weight to carry based on its ability. Beside the weight they carry, horses' performance can also be influenced by position relative to the inside barrier (post position), gender, jockey, and training.