Bill Benter Net Worth = $1 Billion

Bill Benter is a famous American and Hong Kong professional gambler and philanthropist. He's best known for his role in the horse racing betting market. Bill focuses on horse betting, where he makes about $100 million annually. 

He's also the man behind a successful computer software program that helps him analyze and win bets in horse races. William "Bill" Benter was born in 1957 in Pittsburgh, Pennsylvania, USA. He went to Case Western Reserve University, the University of Pittsburgh, and the University of Bristol.

Benter is naturally a brilliant mathematician, and he uses his skills to make money in gambling. Many casinos in the USA banned Bill in the mid-80s because he won a lot of money. He moved to Hong Kong to continue gambling in horse races.

Bill has a net worth of approximately over $1 billion as of 2021.

Full Name

Source of Wealth

Known for

Birth Info

William “Bill” Benter

Professional gambler

His role in the horse racing betting market

Pittsburgh, Pennsylvania, USA

1957

Betting on Horse Racing For Dummies
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Quotes - Bill Benter Net Worth and Key Habits

"I have been avoiding you, as you might have surmised. The reason is mainly that I am uncomfortable in the spotlight by nature."

– Bill Benter

“I went bankrupt once; I had to return to the United States to look for new financing and I got ditched by my business partner.”

– Bill Benter

"None of us want to encourage more people to get into the game!"

– Bill Benter

“I use analytics and algorithms to determine not only who would win a race, but which horses would finish in the top three.”

– Bill Benter

“The general thrust of model development is to continually experiment with refinements of the various factors.”

– Bill Benter

“Gambling, has always been the domain of wise guys from the wrong side of the track.”

– Bill Benter

“If you are betting on horse racing you must know that insider information is gold.”

– Bill Benter

“My only real interest has been to beat the system and come out ahead.”

– Bill Benter

“Every model improvement of this software has seen the inclusion of a new factor.”

– Bill Benter

“I was always looking for ways to improve my software, adding more variables to improve my bets.”

– Bill Benter

Bill Benter Net Worth and Key Habits

Habits #1- Aim To Be The Best In Whatever You Do 

According to Bill Benter, you should aim to be the best in whatever you do if you want to succeed in life. The famous gambler is on record for saying, “My only real interest has been to beat the system and come out ahead.” Whenever he works on something, Bill aims to be ahead of everyone.

The sky should be the limit in whatever you do. Thus, you shouldn’t be comfortable if other people are ahead of you because you can be ahead of them as well. The more you strive to be ahead of others, the more you make more money. That way, you’ll eventually be a millionaire even before you know it.

Read - 44 Inspirational Hero Quotes To Be The Best Version Of You

The sky should be the limit in whatever you do. Thus, you shouldn’t be comfortable if other people are ahead of you because you can be ahead of them as well. 

Habits #2- Keep Improving Your Products

The best way to beat the competition in your market is by improving your products regularly. Benter credits his success in betting that he has been improving his analysis software over the years. He’s once said, “I was always looking for ways to improve my software, adding more variables to improve my bets.”

Market trends keep changing, and customer needs change too. Therefore, you should keep improving your products to match customer needs. That way, you can beat the competition and continue making money. Remember that you can use technology to enhance your products without increasing the cost of production.

Read - Deliberate Practice: The Ultimate Guide to Improvement

Market trends keep changing, and customer needs change too. Therefore, you should keep improving your products to match customer needs. That way, you can beat the competition and continue making money.

Habits #3- Sometimes You Win Other Times You Lose

The journey to success isn’t a smooth path. Sometimes you go down, and other times you go up. Bill Benter is an excellent example of losing everything, still coming back, and making good money. The gambler once said, “I went bankrupt once; I had to return to the United States to look for new financing, and I got ditched by my business partner.” However, Benter didn’t give up on his dreams. He later returned to Hong Kong and made millions from his bets.

Some people get disappointed in life because they assume the journey to success is about winning all the time. However, that isn’t the case because even winners also lose at some point in their lives. Therefore, you should be ready for wins and losses you may encounter in your business or career. However, the challenges that you face should never deter you from pursuing your goals. 

Read - 5 Sun Tzu Lessons On Winning and Habits

Some people get disappointed in life because they assume the journey to success is about winning all the time. However, that isn’t the case because even winners also lose at some point in their lives. 

The Skeptical Handicapper: Using Data and Brains to Win at the Racetrack
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Summary - Bill Benter Net Worth and Key Habits

1.

Aim To Be The Best In Whatever You Do

2.

Keep Improving Your Products

3.

Sometimes You Win Other Times You Lose

Ian Warmer

About the author

Ian Warner has spent over 15 years building positive habits as a track athlete. He went on to become an All-American sprinter at Iowa State, and he represented Canada at the 2012 Olympics. Ian founded Habit Stacker and dedicated his life to helping people to develop winning habits.

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