William "Bill" Benter (born in 1957 in Pittsburgh, Pennsylvania) is an American philanthropist who earned his wealth through the development of one of the most successful analysis computer software programs in the horse racing market. He has served as president of Hong Kong Rotary Club, founded the Benter Foundation, he is Chairman and International CEO of Acusis LLC, Pittsburgh, Pennsylvania and occasionally lectures university students on subjects like statistics and mathematical probability. Benter is a philanthropist donating to charitable causes both in Hong Kong and the United States.
Video William Benter
Early life and career
William Benter was born and raised in Pittsburgh, Pennsylvania. As he grew up, he wanted to use his mathematical talents to make a profit so immediately after finishing a university physics degree in 1977, he went to the blackjack tables in Las Vegas and used his skills to count cards. He came across the book, Beat the Dealer, by Edward O. Thorp, which helped him improve his methods. Seven years later, he was banned from most of Vegas' strip's casinos.
He then met with Alan Woods, a like-minded gambler whose expertise in horse racing complemented his own in computers. The two became racing partners and in 1984, moved to Hong Kong. Starting with a mere $150,000 the pair relied on their mathematic skill to create a formula for choosing race winners. Using his statistical model, Benter identified factors that could lead to successful race predictions. He found that some came out as more important than others.
Benter is a visiting professor at the Southampton Management School as part of the Centre for Risk Research and a fellow of the Royal Statistical Society.
In 2007, Benter founded the Benter Foundation.
Maps William Benter
Personal life
In March 2012, Benter married Hong Kong National Vivian Fung in a Tibetan Buddhist rite. In 2015 they had their first child Henry. Benter is currently residing in Hong Kong.
Philanthropy
Benter is a big contributor to charity and political groups. According to political campaign contribution records, in 2008 Benter and Acusis were listed as donors to Barack Obama's presidential campaign and the Democratic Party of Virginia. In 2010, The Advantage Trust donated to Israeli-based organization Rabbis for Human Rights. The Atlantic reported in 2010 that Benter raised and given at least $800,000 in support to J Street. In 2012 he donated one million dollars to the University of Pittsburgh. In 2013, Fox News reported that Benter donated thousands of dollars for pro-Hagel ads in Politico when he was nominated to be next secretary of defense by President Obama. In 2016, The Washington Post reported the Benter has raised $100,000 for A New Voice for Maryland, a pro-Joel Rubin group for Democratic nomination in Maryland's 8th Congressional District.
Further reading
- Hausch, Donald B.; Lo, Victor S. Y.; Ziemba, W. T. Efficiency of Racetrack Betting Markets. World Scientific. pp. 183-198. ISBN 9789812819192. Retrieved 21 April 2017.
See also
- Hong Kong Jockey Club
- Gambling in Hong Kong
References
External links
- "An Interview with Bill Benter". macau.rotary3450.org. Rotary Club of Macau. Retrieved 20 April 2017.
Source of the article : Wikipedia
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