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Alan betting

He went all-in on his card counting business, moving to Las Vegas with the intention of robbing big casinos of big money. This is why they started preventing their new enemy from entering. To battle this, his strategy was to travel around the United States.

After winning a lot of money at one casino, he would just move to the next one. It worked well for a few months, but then his photo started circling around casinos. It was published in Griffin Book, which all US casinos had access to.

Everyone knew who he was and everyone knew that if they let them in, he would take their money. Eventually, Woods decided it was time to give up his card counting days. His next step was to conquer the horse racing world. Card counting allowed Woods to collect enough money for his horse racing project.

Over the years, he managed to win hundreds of millions of dollars. What did he do with all that money? He donated a big chunk of it to charity. He invested a lot of money in mental health research, prompted by the struggles some of his close friends had with depression. He even planned to adopt a Filipino child but failed to do so before dying at the age of 62 to cancer.

Article 5: Card-counter Edward Thorp was nearly killed by a casino. Article 6: From the most feared sports bettor in the world to prison, Billy Walters. Article 8: Taking the emotion out of betting, the story of Jeff Ma. Want to read about some of our customers who are on their way to becoming professional sports bettors too? My Value Betting Journey from 1k to 2k. Matias Interview - from 5k to 20k. Jonas Gjelstad Documentary Series - from 10k to 1m. This method got the name quantitative betting.

Bill Benter pictured with his wife. Source: Gambler-profiles. Using Gambling Money for the Greater Good Card counting allowed Woods to collect enough money for his horse racing project. Become a pro sports bettor. Email Address. Sign Up. There Woods began playing poker machines and described himself as a losing player. He stopped due to a relocation to Sydney where poker machines were not available.

Woods also picked up horse betting during college and won his first bet. Unlike in poker and solo, Woods was generally losing betting on horses and developed a gambling habit. Woods was introduced to card counting in blackjack from his fellow bridge players.

He tested the method and won a few thousand dollars. Woods did not focus on gambling seriously until his wife left him in Woods retired from professional blackjack in and focused on horse betting in Hong Kong due to the small pool of horses. There he met Bob Moore and Bill Benter. Benter and Woods worked on a computer model "based on mathematics, to choose race winners based on formulaic consideration of track, form, weather and other factors".

That same year Benter and Woods dissolved the partnership. Woods traveled to Manila and worked with Zeljko Ranogajec , who he also described as a rival. By the s, Woods had won millions from horse betting. Woods married Meredith in ; the two separated in They had two children, Anthony and Vicky. Woods was against the Iraq War and described himself as a former conservative turned liberal. Woods died of appendiceal cancer on 26 January shortly after he was diagnosed.

From Wikipedia, the free encyclopedia. Murwillumbah , New South Wales , Australia. The Economist. Retrieved 7 March

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At least not in the long run. However, the first year of their horse betting venture was catastrophic, to put it mildly. The negative balance was just one of the reasons why the Woods-Benter partnership fell apart. Woods, who had more money than Benter insisted on being in charge of practically everything. Benter, on the other hand, wanted to be his own boss, so he decided to abandon ship.

After the split, both gamblers went on to make hundreds of millions of dollars in the following years. Mike Aponte, former member of the infamous MIT Blackjack Team, takes us through the complicated process of counting cards. He built up his horse racing bankroll through blackjack. A friend of his taught him how to do card counting and gain an advantage over the dealers in blackjack.

In his youth, playing blackjack was something to do to have fun, not to make a living out of. However, when he got married and had kids, he needed to provide for his family. That meant that he needed much more money than what he was making at the time doing part-time jobs.

Woods decided to exploit the skill his friend had taught him. The trouble is that his new business plan involved staying in casinos all night. Even though he was making money, their marriage was going downhill. Rather than falling into the pit of depression, he decided to focus his negative energy into something more productive. The year was when Alan Woods decided to embark on a gambling journey that would make a legend out of him.

He went all-in on his card counting business, moving to Las Vegas with the intention of robbing big casinos of big money. This is why they started preventing their new enemy from entering. To battle this, his strategy was to travel around the United States.

After winning a lot of money at one casino, he would just move to the next one. It worked well for a few months, but then his photo started circling around casinos. It was published in Griffin Book, which all US casinos had access to. Everyone knew who he was and everyone knew that if they let them in, he would take their money. Eventually, Woods decided it was time to give up his card counting days. His next step was to conquer the horse racing world.

Card counting allowed Woods to collect enough money for his horse racing project. Over the years, he managed to win hundreds of millions of dollars. What did he do with all that money? There he met Bob Moore and Bill Benter. Benter and Woods worked on a computer model "based on mathematics, to choose race winners based on formulaic consideration of track, form, weather and other factors".

That same year Benter and Woods dissolved the partnership. Woods traveled to Manila and worked with Zeljko Ranogajec , who he also described as a rival. By the s, Woods had won millions from horse betting. Woods married Meredith in ; the two separated in They had two children, Anthony and Vicky. Woods was against the Iraq War and described himself as a former conservative turned liberal. Woods died of appendiceal cancer on 26 January shortly after he was diagnosed.

From Wikipedia, the free encyclopedia. Murwillumbah , New South Wales , Australia. The Economist. Retrieved 7 March The Australian. Huge Alan Woods and his amazing computer. A nags-to-riches-story". The Monthly. Retrieved 4 April South China Morning Post. Glossary of blackjack terms Card counting Shuffle track Hole carding.

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Alan Woods ( – 26 January ) was an Australian and Hong Kong professional gambler and mathematician considered among the biggest gamblers in the world. Woods focused on blackjack and betting on horse racing. The latest Tweets from alan boston (@bostonred88). an anachronistic iconoclast trip thru sports betting and hoping to teach both concept and logical thinking. For several years we have been exploring the specifics of sports betting, companies from this industry and users. Designing and developing systems for.