Alan Woods, who was among the first to win big money handicapping and wagering on horse racing via sophisticated computer-aided methods, has died in Hong Kong. He was 62.

Woods commandeered a successful gambling operation that allowed him to build a half-billion dollar fortune. This lengthy article, which has a bit of age on it (I first read it a couple of years ago), gives some interesting details about how he managed to extract so much money out of the massive wagering pools in Hong Kong, as well as the lifestyle one lives when he wins a few hundred million at the races.