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| Name | How to Make $1 Billion Betting on Horse Racing with Machine Learning |
| Video Uploader | Video From Ken Jee |
| Upload Date | This Video Uploaded At 24-01-2022 13:00:09 |
| Video Discription | Bill Benter is arguably the most successful sports bettor of all time. Its estimated he made close to $1 Billion betting on horses in Hong Kong. His story is well documented, but the models he used and the reasons for his success are often overlooked. In this video I break down the circumstances that made his his model profitable and the specifics of the exact machine learning model that he used. At the end I also analyze the feasibility of creating another model like this in 2022. 0:00 Intro 0:41 Who is Bill Benter? 1:22 Lesson 1: The Law of Large Numbers 2:30 Blackjack to Horse Racing 2:50 Bankroll Management 4:07 How did His Billon Dollar Model Work? 4:57 Secret Sauce 6:00 Improving the Billon Dollar Model 6:35 $$$$$$ 7:12 The $10 Million Dollar Ticket 8:05 Could you replicate this? National Problem Gambling Hotline: 1-800-522-4700 Articles Referenced: - https://www.gwern.net/docs/statistics/decision/1994-benter.pdf - https://www.tepinvestments.com/blog/beating-the-risk-of-ruin-mr-bill-benter-horse-racing-and-the-kelly-criterion - https://en.wikipedia.org/wiki/Kelly_criterion - https://www.youtube.com/watch?v=4B0mGYZqElo&ab_channel=BloombergQuicktake - https://www.wired.com/2002/03/betting/ - https://www.wired.com/2002/03/betting/ - https://www.marca.com/en/lifestyle/2021/01/02/5ff0d37446163fb99b8b458c.html - https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code #DataScience #KenJee ⭕ Subscribe: https://www.youtube.com/c/kenjee1?sub_confirmation=1 🎙 Listen to My Podcast: https://www.youtube.com/c/KensNearestNeighborsPodcast 🕸 Check out My Website - https://kennethjee.com/ ✍️Sign up for My Newsletter - https://www.kennethjee.com/newsletter 📚 Books and Products I use - https://www.amazon.com/shop/kenjee (affiliate link) Partners & Affiliates 🌟 365 Data Science - Courses ( 57% Annual Discount): https://365datascience.pxf.io/P0jbBY 🌟 Interview Query - https://www.interviewquery.com/?ref=kenjee MORE DATA SCIENCE CONTENT HERE: 🐤My Twitter - https://twitter.com/KenJee_DS 👔 LinkedIn - https://www.linkedin.com/in/kenjee/ 📈 Kaggle - https://www.kaggle.com/kenjee 📑 Medium Articles - https://medium.com/@kenneth.b.jee 💻 Github - https://github.com/PlayingNumbers 🏀 My Sports Blog -https://www.playingnumbers.com Check These Videos Out Next! My Leaderboard Project: https://www.youtube.com/watch?v=myhoWUrSP7o&ab_channel=KenJee 66 Days of Data: https://www.youtube.com/watch?v=qV_AlRwhI3I&ab_channel=KenJee How I Would Learn Data Science in 2021: https://www.youtube.com/watch?v=41Clrh6nv1s&ab_channel=KenJee My Playlists Data Science Beginners: https://www.youtube.com/playlist?list=PL2zq7klxX5ATMsmyRazei7ZXkP1GHt-vs Project From Scratch: https://www.youtube.com/watch?v=MpF9HENQjDo&list=PL2zq7klxX5ASFejJj80ob9ZAnBHdz5O1t&ab_channel=KenJee Kaggle Projects: https://www.youtube.com/playlist?list=PL2zq7klxX5AQXzNSLtc_LEKFPh2mAvHIO |
| Category | People & Blogs |
| Tags | Data Science | Ken Jee | Machine Learning | Sports Analytics | data scientist | bill benter algorithm | bill benter | horse racing | horse betting | horse race betting | alan woods | logistic regression | machine learning models for betting | sports betting algorithm | bill benter formula | bill benter horse racing algorithm |
