TFW no quantitative horse racing hedge fund...
Now, when we usually think of horse racing, the number of variables and possible outcomes make it a dangerous arena for gamblers.
The American sportswriter Roger Khan once described the sport as "animated roulette".
Warwick Bartlett, who runs Global Betting & Gaming Consultants and has spent years studying the industry, states "If you bet on horses, you will lose".
But what if that rule had an exception?
What if one guy had masterminded a system to rake in the profit?
And made almost one billion dollars? Enter Bill Benter...
https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-crac…
there’s a sports betting quant hedge fund.
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