He developed one of the most successful analysis computer software programs in the horse racing world – but what is Bill Benter’s net worth?
William “Bill” Benter is an American professional gambler and an expert in horse racing. Regarded as possibly the most successful gambler of all time, his software programs have earned him $1 billion to date.
A former president of the Hong Kong Rotary Club, Bill founded the Benter Foundation and is chairman and CEO of Acusis LLC. He also lectures at universities, discussing statistics and mathematical probability.
Benter is a well-known philanthropist, donating to numerous causes in the USA and Hong Kong.
Bill Benter Bio
Born in 1957 and raised in Pittsburgh, Pennsylvania, Bill Benter was mathematically gifted from a young age.
He graduated univiersity with a physics degree in 1977, but quickly turned his skills towards making profit.
Benter began counting cards at the Las Vegas blackjack tables. After discovering a book by Edward O. Thorp entitled Beat The Dealer, he continued to hone his abilities.
Seven years later, he was banned from every casino on the Vegas strip.
Benter then met a like-minded gambler in Alan Woods, who also had an expertise on horse racing and computers.
The pair became partners, moving to Hong Kong in 1984. They began with $150,000 and used their mathematical skills to create a race-winning formula.
Their statistical model was quickly refined, winning them $600,000 in 1988. A year later, they would make $3 million in profits.
In March 2010, Benter married wife Vivian Fung, a Hong Kong national. They had their first child in 2015, and currently reside in Pittsburgh.
Philanthrophy
Benter founded the Benter Foundation in 2007, focused on local education and the arts in Pittsburgh.
He was also listed as a donor to Barack Obama’s 2008 presidential campaign, as well as the Democratic Party of Virginia.
In 2020, The Atlantic reported he had raised and given more than $800,000 in support to J Street, a nonprofit Jewish advocacy group aimed at finding a peaceful solution to the Israeli-Palestinian conflict.
Benter donated $1 million to the University of Pittsburgh in 2012.
Bill Benter Net Worth
Believed to be in excess of $1 billion, Bill Benter’s net worth makes him one of the richest gamblers in history.
After some early struggles, his model began to earn tens of millions each year. Benter’s most famous win was when his model predicted the Triple Trio.
The trio is a famous bet in Hong Kong where you must bet the first three horses to cross the line in thee separate races.
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