How This Man Profited $1 Billion Betting On Hong Kong Horse Races: The Tax Man

How This Man Profited $1 Billion Betting On Hong Kong Horse Races: The Tax Man

Assessment

Interactive Video

Business

7th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

The transcript narrates the story of Benter, whose betting syndicate in Hong Kong faced tax scrutiny. Despite the challenges, Benter continued his operations, eventually making a significant bet on the Triple Trio, which he won but left unclaimed for charity. The story draws parallels between Benter's algorithmic approach to betting and modern financial markets, highlighting the shift from insider trading to data-driven strategies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was Benter's intention regarding the jackpot he won?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does Benter's algorithm for horse racing relate to modern financial markets?

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