Alan Woods

[Prufrock]

Could you post the link for that article, Charlie?

"The turnover at Betfair is very small" LOL!

Even though it was 2003 you would have to have been some player (or delusional) to have regarded the figures as "very small".

[Prufrock]

Ah, just seen you’ve changed the link. Good man.

[Charlie D]

Maybe reading it wrong, but from that quote, I get impression that they were maybe testing ground and looking to get stuck into BF markets if they grew big enough

[Cav]

Would have been fun watching them trying to get 2 grand on a 10/1 shot on BF.

[Richard Hoiles]

Think he is referring to HK markets that BF were offering at that time when turnover was indeed very low and after pressure from HKJC they dropped them.

Having spent an afternoon or two watching the Bill Benter operation in action it is almost a surreal experience but the system was so robust and constantly enhanced that it managed to stay ahead of the game, albeit at reduced margins for decades.

A true ground breaker.

By the way anyone who wants to know more about the card counting lifestyle – read Ben Mezrich’s Bringing Down the House.
Bill Benter also has an academic paper about modelling racing on computer in a fascinating (but heavy !!) book called The Efficiency of Racetrack Betting Markets by Hausch and Lo.

[richard]

A book which goes into great detail about the theory of card counting is The Money Spinners, the author uses the pseudonym of Jacques Black. Published by Faber and Faber.

richard

[Glenn]

Benter’s paper is also included as an appendix in Professor Mordin’s book Winning Without Thinking.

[Author]

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