3 ms·
The title for Bloomberg says “Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track.” The article is more nuanced. He created
by patrickhogan1 2y ago
The title for Bloomberg says
“Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track.”
The article is more nuanced. He created an EV+ system. It included tickets bought that did lose as part of the system he used. In fact buying tickets that would lose was part of his system. Along with other tickets that would win.
- caminante 2y agoClickbait tagline indeed. Buying 50k individual tickets to win 13 million is great ROI, but didn't see guaranteed ROI. Also, the cover > How to make $1 billion betting on horses is called into question as it's alleged that at best, the firm may have made $1 billion, but not individuals. I guess a few allegedly came close? Hard to verify.
- patrickhogan1 2y agoI noticed my previous comment was downvoted, and I'd like to better understand why. The point I raised was intended to clarify the discussion and was based on factual information. If there's something incorrect or unclear in what I said, I’d appreciate it if you could point it out or share your perspective. It would be helpful to know if I misunderstood something or if my tone came across in a way I didn’t intend. Constructive feedback is always welcome!