Behind the Money

FT Weekend: The secret gamblers using AI to hack horse racing

This week, we’re bringing you something from our fellow podcast, FT Weekend. The show travels to Miami, Florida, to drink some beers, place some bets, and discover how AI is changing the sport of horse racing. FT data journalist Oliver Roeder joins FTW host Lilah Raptopoulos to talk about how the ancient sport is being upended by anonymous computer-assisted bets. These secretive gamblers are injecting billions of dollars into the pools, and aggressively tipping the odds, and it’s putting the whole sport at risk. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/402955aa-21fa-42d5-b1d7-f79e7f19a617" rel="noopener noreferrer" target="_blank">I used AI to bet on horse-racing. Here’s what happened</a><a href="https://www.ft.com/content/2490279b-9c94-49a8-beff-cbd7c3307586" rel="noopener noreferrer" target="_blank">Stake.com: the Aussie gambling minnow that made it big on crypto</a> <a href="https://www.ft.com/content/9c3713ab-4317-4205-96ce-1075ecc5f865" rel="noopener noreferrer" target="_blank">How English football became hooked on gambling</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Oliver Roeder (<a href="https://twitter.com/ollie" rel="noopener noreferrer" target="_blank">@ollie</a>) and Lilah Raptopoulos (<a href="https://twitter.com/lilahrap?lang=en" rel="noopener noreferrer" target="_blank">@lilahrap</a>) <a href="https://www.ft.com/content/82ed3904-680f-4a5a-a9f3-2ff9e0903073" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.