Predicting outcomes

JONATHAN HUNTINGTON -- Edmonton Sun

, Last Updated: 12:27 PM ET

The bankroll is staggering.

The money wagered each month is mind-boggling.

And the success rate is remarkable.

Charles Allen and a handful of gamblers have formed the biggest sports-wagering team in North America.

Rick Tocchet and James Harney's alleged gambling ring is betting peanuts compared to Allen's crew.

According to New Jersey State Police, the Tocchet/Harney alleged ring wagered around $1.7 million over almost 1,000 bets in a 40-day span.

In comparison, Allen's team bets $20 million per month over 160 wagers.

"Our team can do half of (Tocchet/Harney's) total in one day," said Allen.

The small crew consists of gamblers from around the globe - from the United States to Europe to Asia.

Two of Allen's members are incredibly high-profile international poker players.

But every person on the team has one thing in common: they have come to Allen wanting the predictions from his advanced mathematical computer models that include stats from real games from previous years.

A group of 12 computer scientists, mathematicians and data specialists work for Allen on the models and programs.

"We have the ability to take large volumes of data and systematically predict the outcome of games," explained Allen.

"It's like predicting the stock market, the energy market or the gold market. It's the same principles and I'm very proud of the exceptional group of 12 people working on the programs.''

Like Matthew McConaughey's character in the recent Hollywood blockbuster movie Two for the Money, Allen is a tout.

But unlike McConaughey's character, Allen's clients on the team don't pay him in advance for his service.

"I do all the work for free. I don't take a cent for commissions," stated Allen.

Instead, he gets paid a percentage if the clients on the team make money.

The guidelines also ensure there are no bookmaking charges.

Tocchet and Harney are neck-high in trouble, but Allen vehemently believes there's no comparison with his situation.

"Hell, I am not close to being a bookmaker," Allen exclaimed. "I never collect a bet and I never take bets.

"I believe what I am doing is totally legal."

Allen sends out predictions from the computer programs every day and his team of clients pulls the trigger on the wagers through online offshore sportsbooks.

Based on Allen's guidelines, the team combines to wager 1% of the overall $12-million team bankroll per game.

In February, the crew will wager on 160 NBA games, betting $120,000 a contest - meaning almost $20 million will be wagered in the month.

This marks the first year the team has been together - and so far it is rolling at a very respectable 58% success rate.

Based on Allen's hope of a 55% success rate over the entire year, clients will triple their money. "I want to make my (major) clients $4 million a year (each) and then they would pay me $1 million (for services)," said Allen. "That's $3 million in take-home money for my clients. It's a pretty good life."

Gamblers around the world will doubt the system, citing that it's impossible to have long-term success. But Allen is completely convinced his computer and math programs give him an edge and will work.

"It's a deadbolt cinch," he stated, "for the same reason that I know that if I am the house at a roulette table and you have a million spins at the table, the house will not lose money.

"That is why Vegas makes millions of dollars. They have an edge over a long period of time."


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