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In Benter's case, his algorithm was able to predict the outcome of horse races with a high degree of accuracy. This meant that he could bet on the horses with the highest probability of winning, even if those horses had lower payout odds.
The algorithm aims to assess every horse's chance of winning their race, based on certain criteria. It allocates a numerical value to important information extracted from the horse's previous race form as well as external factors like bookmaker odds and the performance of the trainer and jockey.
By 1988, he returned to Hong Kong with an algorithm that had twenty racing variables and was able to split the real odds of a horse. So, if a bookmaker had the horse odds at 3.50, but the model calculated that it should be 2.80, he would bet on that edge.
Overall, the software runs on an algorithm called the random number generator or RNG. This algorithm ensures that each result is based on the probabilities and stats set for each virtual participant but is completely randomized, and no two races will ever be the same.
Benter has served as president of Hong Kong Rotary Club, founded the Benter Foundation, is chairman and International CEO of Acusis LLC in Pittsburgh, Pennsylvania, and occasionally lectures university students on subjects like statistics and mathematical probability.
Cannot predict the winner, but it can help you figure out win probability.
To sustain a horse on pasture alone, at least two to three acres of pasture per horse is recommended. If you have limited pasture, a combination of hay and pasture can be fed.
Vets rushed to treat First In Line but the gelding had already died of a suspected heart attack when they arrived on the scene. First In Line was transported to the University of Melbourne veterinary clinic for an autopsy in line with Racing Victoria procedure.