This is used by a number of betting syndicates. Notable by David Walsh[0] and Zjelko [1]. They knew of and worked with Benter in HK and adapted his system. One of the things that they did was pay large numbers of experts to watch and evaluate each horse and give it a standardised rating which they then used as an extra parameter along with the public odds. Another gambler who also extended that system out was Alan Woods [2], but I don't think he did anything as sophisticated in terms of modeling, concentrating more on the execution side. Regarding the yearly turnover, I have no idea, but billions would be on the low end. From the ATO filings we David Walsh alone was generating 100's of millions of dollars a year in profits, let alone turnover.[0] https://en.wikipedia.org/wiki/David_Walsh_(art_collector)
[1] https://en.wikipedia.org/wiki/Zeljko_Ranogajec
[2] https://en.wikipedia.org/wiki/Alan_Woods_(gambler)
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