A very successful sports bettor (read: gambler) and real estate developer, Bill Walters went from having virtually nothing to a net worth of $200 million. Widely considered to be the most. Bill Benter, the richest gambler of them all. Amercian William “Bill” Benter completes our fantastic Horse Racing Trifecta, including Alan Woods and Zeljko Ranogajec. After starting in partnership with Alan Woods, Bill Benter left to form his own operation after the pair had what some describe as a “spectacular falling out”. Richest Man Revealed. Out of all the names mentioned, Billy Walters pops up the most as the richest casino gambler. Billy is an American born male who is a retired professional gambler, among other things. Billy is regarded as one of the world’s most successful sports bettors, with a career span of thirty years. William Benter (Bill Benter) Find out who Bill Benter is, and how he became the richest gambler of all time! From Pittsburgh, Pennsylvania, Bill Benter is a mathematical genius who changed the Hong Kong horse racing market, winning millions along the way!
Whenever gambling is mentioned, the glitzy images of Les Vegas come to mind. America has been considered as a gaming nation for a very long time. However, America is not the world’s biggest gambler as many would think. In fact, the biggest gamblers in the world include countries that are least suspect. The ranking of the 200 gambling countries is based on data provided by H2 Gambling Capital. The ranking takes into account the losses in a year divided by the adult population. The losses include the entire amount lost on all types of gaming including poker, slot machine, horse racing, and casinos.
The Biggest Gambling Countries In The World
Almost $900m was paid to a single winner, and in truth, it is hard to disagree that they are the richest gambler in the world. Mega Wins with Progressive Jackpot Slots Mega Millions is the biggest lottery, but Mega Moolah is the name of a hugely popular progressive jackpot slot that has created more than a couple of wealthy gamblers.
Australia
Gambling is so prevalent in Australia that the central bank was led to increase interest rates. Australia allows online wagering on sports. Slot machines are favorite games in the country. New South Wales accounts for half of the country’s total poker machines. Adult gamblers reported a loss of $1,128 per adult with 935 gamblers registered to be banned from casinos between 2006 and 2010. However, these gamblers were caught over 1,200 times for breaching their ban
Singapore
Singapore only opened its first casino in 2010 but has since become one of the largest gambling countries in the world. The opening of casinos in Singapore created worries in the country, with the majority fearing addictions and losses. The government is discouraging gambling by the locals by imposing an entry fee of $81 for locals who wish to enter the casino. Families are also allowed to ban their members from visiting the casinos under the “Family Exclusion Orders.” However, these measures have done little to dampen the gambling spirit in the country. The country recorded $1,174 losses per adult in 2010.
Ireland
The casino industry in Ireland is entirely unregulated because the country depends on the old Gaming and Lottery Act of 1956. According to the law of Ireland, only registered members’ club is allowed to offer casino services. Bets on gaming machines are not allowed beyond 6 pence while the rewards for gaming are allowed up to 10 shillings. However, this law cannot be enforced since the Irish pound has not been in use as a legal tender since 1999. The huge losses by gambling adults which average $588 per adult have forced the government to start enacting laws that will help regulate the gaming industry in Ireland.
Canada
Over 75% of Canadian adults have been involved in at least one form of gambling. The highest number of gamblers in the country comes from Saskatchewan. The province has gambling revenue of $841 per person above the age of 18 years. The popular gambling games in Canada include lottery and scratch and win. The popularity of lottery games in Canada has led to the government setting up initiatives to discourage giving of lottery tickets to minors as gifts. Canada recorded $568 gaming losses per adult
Finland
Over 41% of the adult population in Finland gambles weekly, according to the Ministry of Social Affairs and Health. The minimum age for gambling in the country was raised to 18 years in 2011 from 15 in the previous years in a bid to discourage gambling among children. The national lottery company in Finland is a property of the government and is managed by the Ministry of Education with the revenue from the company channeled to education, culture, and arts. The Paf Group of Finland, running the internet gambling company, offers paybacks to its loyal customers who spend at least $171.40 on its site but are certified to be suffering from gambling addiction. Finnish gamblers lose an average of $553 per adult.
William “Bill” Benter developed one of the most successful
computer software programs in the world that helped him overcome
the Hong Kong horse racing market, but he certainly didn’t stop
there. He has moved into the United States and other Asian
countries, reportedly bringing home over $10 billion dollars a
year, making him one of the first professional gambling
billionaires.
Not only is Benter a mathematical genius who came up with an
extraordinary piece of gambling software, but he also is a
thoughtful philanthropist who dedicates a lot of his time and
finances to support government affairs, education related
causes, and many other organizations as well.
Insight into His Past
William Benter was born in Pittsburgh, Pennsylvania and
that’s where he spent the majority of his childhood. Even in
grade school, it became evident that Benter had exceptional
mathematic skills as he would often work out different equations
in his head just for fun.
As Benter grew up, he desired to use his mathematical talents
to make a living but he didn’t want to have to devote his life
to teaching or any other regular 9 to 5 job, so he headed to the
nearby casinos and began using his skills to count cards. It was
around this time that Benter came across the book, Beat the
Dealer, by Edward O. Thorp, which helped him improve his
methods.
Benter was embarking on a long journey to becoming a
professional gambler, but unfortunately Benter was such a
talented card-counter that many casinos banned, as they knew he
was bound to win consistently. Discouraged and realizing
gambling was his calling, Benter went back to the drawing board
to see if he could figure out another way to use his
mathematical knowledge to triumph in the world of gambling and
that’s just what he did.
Richest Gambler
Professional Gambling: Software that Beats the System
Benter was a too well-known face in casinos, so he decided to
take on a form of gambling that allowed him to stay away from
them, leaving him with no choice but to start gambling on
horseracing. Through hours of working on perfecting his work,
Benter was able to develop a software program that assessed
sixteen individual variables that could affect the horses,
jockeys, and trainers of a race that could ultimately have an
impact its outcome.
Using these results, Benter and his team created their own
prices and probabilities, which they used to make bets that were
usually always accurate. Benter is always looking for ways to
improve his software, adding more variables to improve his bets.
His latest updated software analyzes over 130 different
variables and it takes a deeper look into the prices of
different bets to see where he has the most potential to make
the most money.
Benter has hired a team of professionals to place bets for
him, strategically having them place bets mere seconds before
the last bets can be accepted. On average, he brings home $5-$10
million in a single day at the racetrack. His success started on
the racetracks of Hong Kong, and that’s where he met his future
wife, Vivian.
More recently, the couple has moved overseas to the United
States and other Asian countries that allow horseracing, so
Benter can prove that his software can successful in any
environment. He reportedly wins approximately 24% profit on the
turnover each time he bets, which is an impressive figure for
any gambler.
Who Is The Richest Gambler
Philanthropy
In order to faithfully support United State’s leaders and
organizations, Benter formed the Benter Foundation with his
wife, so they can focus on helping organizations and people
worldwide. They look for organizations that are committed to
advancing education, human services, global citizenship, and a
myriad of other acts of service.
The Benters also pour a lot of their money into politics, as
they are very proud and passionate democrats. In 2007 and 2008,
they donated more than $136,000 to Democratic candidates,
including $6,900 to Obama. Benter is also member of the shadowy
Democracy Alliance, under which he donates $200,000 to a select
group of liberal nonprofit organizations.
Richest Gambler
Despite trying to avoid this career when he was younger,
Benter ironically enjoys being a visiting professor at the
Southampton Management School as part of their Center for Risk
Research. Benter has also been a guest speaker at Harvard
University, Stanford University, Carnegie Mellon University, The
City University of Hong Kong, and many more Universities across
the United States and China.
The City University of Hong Kong actually established a
scholarship in his honor, which is awarded to students each year
if they are excelling in applied mathematics. As Benter and his
wife care deeply for Hong Kong, they joined a Rotary Club that
focuses on establishing peace among China and its neighboring
countries. They also developed the Benter Initiative to help
students at the Chatham University develop a greater awareness
of world issues as they relate to different cultures.