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In September, after a long campaign to reach him through friends and colleagues, I received an email from Benter. “I have been avoiding you, as you might have surmised,” he wrote. “The reason is mainly that I am uncomfortable in the spotlight by nature.” He added, “None of us want to encourage more people to get into the game!” But in October he agreed to a series of interviews in his office in downtown Pittsburgh. The tasteful space—the top two floors of a Carnegie Steel-era building—is furnished with 4-foot-tall Chinese vases and a marble fireplace, with sweeping views of the Monongahela River and freight trains rumbling past.
Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that, using probabilistic modeling to beat the market and deliver returns to investors. Probably the only other one of its kind was Woods’s operation, and Benter had written its code base. Their returns kept growing. Woods made $10 million in the 1994-95 season and bought a Rolls-Royce that he never drove. Benter purchased a stake in a French vineyard. It was impossible to keep their success secret, and they both attracted employees and hangers-on, some of whom switched back and forth between the Benter and Woods teams. One was Bob Moore, a manic New Zealander whose passions were cocaine and video analysis. He’d watch footage of past races to identify horses that should have won but were bumped or blocked and prevented from doing so. It worked as a kind of bad-luck adjuster and made the algorithms more effective.
If you’ve decided to make the transition from gambling at a brick and mortar casino to gambling at an online casino, you should opt to find one which is suited to your gambling lifestyle. Although this might sound straightforward and simple, it’s definitely not as easy as you think. This is where we come in with our online casino reviews to help you in finding your online casino home. 
Professional sports bettors have to worry about variance more than any other type of gambler. Working against the forces of variance means managing your bankroll over the course of the season to avoid the negative possibilities that could totally empty your wagering account. Professional sports bettors have the time and resources necessary to calculate these variances, and there are even a few pieces of software out there that can help you figure out your ideal bet in the face of negative variance. But the bottom line is that professional sports bettors would dream of having a 55% winning record, simply because it guarantees you’re beating the house.
Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that, using probabilistic modeling to beat the market and deliver returns to investors. Probably the only other one of its kind was Woods’s operation, and Benter had written its code base. Their returns kept growing. Woods made $10 million in the 1994-95 season and bought a Rolls-Royce that he never drove. Benter purchased a stake in a French vineyard. It was impossible to keep their success secret, and they both attracted employees and hangers-on, some of whom switched back and forth between the Benter and Woods teams. One was Bob Moore, a manic New Zealander whose passions were cocaine and video analysis. He’d watch footage of past races to identify horses that should have won but were bumped or blocked and prevented from doing so. It worked as a kind of bad-luck adjuster and made the algorithms more effective.
Animal rights organizations have long criticized horse racing. Activists have sought to expose horse doping, institute a ban on horse whipping by jockeys, limit the number of races a horse (especially three years old and younger) can run in a season, and eliminate dirt tracks in favour of safer synthetic surfaces. Two notable tragedies in the early 21st century helped propel calls for reform: the shattering of bones in one of Kentucky Derby champion Barbaro’s legs just seconds after the start of the Preakness Stakes in 2006 (the horse was euthanized eight months later) and the death of three horses during production of the TV series Luck (2011–12), a drama about horse racing. (The deaths and subsequent outcry among many viewers helped lead to the abrupt cancellation of the show after just one season.) Such events—augmented by the changing interests of the global sporting public—contributed to the continuing decline in the popularity of horse racing through the first decades of the 21st century.
The following year the Hong Kong Jockey Club phoned Benter at an office he’d established in Happy Valley. He winced, remembering the meaty hand of the Las Vegas pit boss on his shoulder. But instead of threatening him, a Jockey Club salesperson said, “You are one of our best customers. What can we do to help you?” The club wasn’t a casino trying to root out gamblers who regularly beat the house; its incentive was to maximize betting activity so more revenue was available for Hong Kong charities and the government. Benter asked if it was possible to place his bets electronically instead of over the phone. The Jockey Club agreed to install what he called the “Big CIT”—a customer input terminal. He ran a cable from his computers directly into the machine and increased his betting.
Virtual Stable® is a free service that lets you track leading contenders in a race series or create a personalized "Horses to Watch" list that notifies you via e-mail when one of those horses is entered to race, works out, or completes a race. You can also choose for information to be delivered by Carryovers, Jockey, Trainer, or Stakes Races. Virtual Stable® eliminates all the work normally associated with tracking your horses so that you never again miss a wagering opportunity - you are only a click away from all the information you need.
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