In 1986 a guy got kicked out of every casino in Vegas for counting cards. So he flew to Hong Kong with $180,000 and started betting on horses instead. He walked away with almost $900 million.
It's Bill Benter. He figured horse racing was just another counting problem. Same math, more moving parts.
He and a partner showed up with $180k and a computer. Benter spent years teaching that computer to guess one thing, the real chance each horse had to win. If his number was better than the odds the bookies gave, he bet. If not, he skipped it.
That's the whole trick. Expected value.
EV = p · b − (1 − p)
Only bet when your win chance p, at odds b, is worth more than your chance of losing.
This recording was never meant to be some hidden gem. Nobody expected Professor Tsitsiklis to hand the whole foundation away in 45 minutes, but that's exactly what happens on the board. Students in that room pay over $80,000 a year to sit through it. It's free right here. It's free right here.
Every quant, every professional bettor, every hedge fund analyst started with this exact hour. Benter just watched it and actually did the homework.
Almost nobody knows this lecture even exists. Watch it before it gets taken down.
The answer is in this video.
A joyous moment for every Indian!
Chola Copper Plates dating back to the 11th Century will be repatriated to India from the Netherlands. Took part in the ceremony for the same in the presence of Prime Minister Rob Jetten.
The Chola Copper Plates are a set of 21 large plates and 3 small plates and largely contain texts in Tamil, one of the most beautiful languages of the world. They relate to the great Rajendra Chola I formalising an oral commitment made by his father, King Rajaraja I. They also showcase the greatness of the Cholas. We in India are immensely proud of the Cholas, their culture and their maritime prowess.
I thank the Government of the Netherlands and Leiden University in particular, where the Copper Plates were kept since the mid-19th century.
@MinPres
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@mikalche is the master of swing trades. On top of back to back banger, he spends a lot of time and effort in educating the group. Check out his Telegram channel, it could create generational wealth and be a life changer for you
Moment to cherish!
Congrats to Gukesh Dommaraju! Youngest World Champion!
Prioritize! Persistent! Discipline! Humbleness! Hardwork! Physical and Mental Alignment!
Leads to Success!
At Age 18 he became 18th world chess champion!
https://t.co/7v0J9lS2h5
@ProdigyGame I have been trying to reach to get group membership for 30+ students but the support system is not responsive , not able to reach over phone as well. Anyone experiencing same issue with support ?
China’s V-shaped economic rebound is fading faster than expected, catching analysts off guard and posing a new headwind for the already uneven global recovery https://t.co/OVaApABUGA
An index of U.S. pending home sales exceeded forecasts in June, adding to evidence that the housing market is the bright spot in the economy https://t.co/UMeuOqQYDI
20 years of Hey Ram. Glad we made that film in time. Sad the apprehensions and warnings the film spoke about are coming true. We must surmount these challenges to the harmony of this country and we shall. Hum honge kaamiyaab. நாளை நமதே.
Every day, humans living and working aboard the @Space_Station take in remarkable views of our home planet. Here’s a look at Earth, as seen from 250 miles above: https://t.co/nC7pd0n1ob