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.
The difference between LeBron fans and MJ fans is LeBron fans can actually produce the footage
Still waiting to see a highlight reel of hard fouls on MJ that is this long
LeBron's era is far more physical than MJ's, and its not close
Some battles are bigger than the game. They’re about courage, unity, friendship, and learning to stand together when the world wants you divided. 🏈❤️
Remember the Titans🎬
Denzel Washington
RIP Hayden Panettiere
Charles Barkley has called them the two most important figures in NBA history for turning around a league that “wasn’t making any money” and had image problems, noting Michael Jordan later took it further
Larry Legend and Showtime. What a pair....
The time Ralph Lawler set the record straight on LeBron:
“I saw Bill Russell play. I saw George Mikan play. I saw Wilt Chamberlain play. I saw Oscar Robertson play. This guy is the best player I’ve ever seen.” 💯
J.R. Smith says Dennis Rodman, 43 at the time, joined the NBA Summer League during his rookie year, collected his $1,600 per diem on the first day and never came back
“Dennis Rodman was supposed to be on my Summer League team my rookie year. I was 17 years old. I seen this man one time. The first day he got the per diem, never saw him again”
“All lump sum. I had like $1,600 at 17. I had my little cash, and I seen Dennis Rodman get on the van, got his little envelope, got off. I never seen him again”