The Gambler Who Cracked the Horse-Racing Code

Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his story for the first time.

Source: The Gambler Who Cracked the Horse-Racing Code – Bloomberg

A great in-depth feature on how algorithms, and a lot of automated betting, were used to win on horse racing. Sort of—there’s something of a twist at the end.