{"id":32410,"date":"2022-08-12T07:30:34","date_gmt":"2022-08-12T12:30:34","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=32410"},"modified":"2022-08-12T08:35:21","modified_gmt":"2022-08-12T13:35:21","slug":"bill-benter","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/bill-benter\/","title":{"rendered":"Bill Benter: The World’s Most Successful Gambler Who Used Math To Beat The Bookies"},"content":{"rendered":"\n
Unlike many other gambling legends Bill Benter does not crave the spotlight. <\/p>\n\n\n\n
In fact, he prefers to avoid it all together.\u00a0<\/p>\n\n\n\n
Benter prefers\nmaking money over talking about it, and whilst other people gamble for\npleasure, to him it’s all about business. <\/p>\n\n\n\n
But undoubtedly the most important way he differs from other gamblers is that he will always trust mathematics above his own gut.\u00a0<\/p>\n\n\n\n
That’s because he\u2019s\nmade a career out of using math to swing the odds in his favor. <\/p>\n\n\n\n
Originally this took the form of card counting<\/a>, but Benter was destined for greater things, eventually producing a mathematical algorithm that could accurately and consistently predict the outcome of horse races.\u00a0<\/p>\n\n\n\n This invention would see him become the richest professional gambler in history<\/strong>.<\/p>\n\n\n\n The mathematical model Benter built not only changed his life forever but also the whole of the gambling industry, popularizing many of the techniques used today including statistical analysis, probability theory, and syndicate betting.\u00a0<\/p>\n\n\n\n Meaning the man\n– and the model he built in the 1980s – remain extremely relevant in today\u2019s\n21st century. <\/p>\n\n\n\n During his\nchildhood in Pittsburgh, it was clear that Bill Benter had a knack for\nmathematics. <\/p>\n\n\n\n His love for\nnumbers, problems, and equations soon saw him pursue a degree in physics at\nCase Western University, one of the top research universities in the United\nStates. <\/p>\n\n\n\n However, during\ncollege Benter discovered a much more interesting means of putting his\nmathematical skills to the test: Card counting. <\/p>\n\n\n\n Like most people in the 1960s and 70s, Benter discovered the ground-breaking gambling method by reading Edward Thorp\u2019s book \u201cBeat the Dealer\u201d<\/a>. <\/p>\n\n\n\n In 1979, aged\n22 and keen to test Thorp\u2019s theory, Benter booked a coach to Las Vegas and\nbegan his gambling career. <\/p>\n\n\n\n To fund his early exploits, Benter worked in a 7-Eleven for $3 per hour, staking his wages at the blackjack<\/a> table whenever he could. <\/p>\n\n\n\n During this time Benter was introduced to Alan Woods (below), an Australian professional gambler who had started his own Las Vegas card counting team. <\/p>\n\n\n\nA Hustler From\nThe Beginning<\/strong><\/h2>\n\n\n\n