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Alan Woods, the Godfather of Horse Racing Software

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An actuary with an amazing head for numbers, Alan woods forms part of our trifecta of amazing Horse Racing Gamblers along with Bill Benter and Zeljko Ranogajec.

Until his death in 2008 at the age of 62, Alan Woods was one of the worlds biggest gamblers.

The story goes that Alan Woods partnered with Bill Benter, to create the worlds first software assisted gambling operation. After a falling out, Benter left the syndicate, while Woods partnered with Zeljko Ranogajec.

Woods knew that if he could find a simple, clean horse racing market, he could use the power of computer software to gain advantage over the average punter. Bill Benter would supply the mathematical genius needed to perform the required calculations. Hong Kong, with it’s integrity, small number of tracks and mammoth turnover, proved to be their ideal hunting ground.

It is estimated that Alan Woods built a fortune of US$600,000,000 by betting on the Hong Kong races. He also tried his hand at the stock markets, famously shorting the NASDAQ in the 90′s before the crash. His instincts were right, but his timing was off, costing him an estimated $100,000,000.

Alan Woods is a great example of finding advantages over the average horse racing gambler, and using those advantages to make millions!

More information on Alan Woods:

Alan Woods Obituary: Gambler more than broke even

Alan Woods and His Amazing Computer

Alan Woods: Billionaire Gambler?

 

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