It's a statistical betting system. Using statistical models, maths formulas, MatLab and Excel software. Earning HK$26,950,000 in one of the years (the final year of the joint venture before breaking up). Total records 1,931 pages betting for 3 years . Using over 2,300,000 separate betting accounts. Betting over 7,000,000 times per each racing day during 2013/2014. It was reported by a court case. The Professor Gao is a university professor in statistics. http://legalref.judiciary.gov.hk/lrs/common/ju/ju_frame.jsp?DIS=92436&currpage=T " “(1) The Defendant do within 7 days from the date of this Order produce for inspection by the Plaintiff and his Solicitors at the office of the Defendant’s Solicitors at … the following documents referred to in Paragraph 8 of the Defendant’s Defence and Counterclaim dated 18th February 2013, namely:- (a) The statistical model using mathematical concepts and language and reduced to a series of written mathematical formulae referred to in paragraph 8(a) therein; (b) The variables generation program (together with written operating instructions) written in a publicly available ‘MatLab’ software capable of receiving Hong Kong Jockey Club and ‘RaceMate’ data feed and converting such data into a series of specific race meeting variables referred to in paragraph 8(b) therein; (c) The computer values program written in the publicly available ‘Excel’ software (together with written description of and series of commands used) capable of converting specific race meeting variables into numerical values to be assigned to each of the horses listed to start in each race meeting referred to in paragraph 8(c) therein; (d) The written formulae enabling such numerical values to be represented as probability estimates for each of the four bet types: Win; Place; Quinella; and Quinella Place, referred to in paragraph 8(d) therein, and permit the Plaintiff and/or his solicitors and/or agents to peruse the documents so produced and to make notes of their contents; "
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