Betting systems based on statistical analysis have been around for a while, however they have not always been well known. One group that was known for their accurate predictions was called The Computer Group. They formed in Las Vegas in 1980 and successfully wagered on college football and basketball games for years making millions. Michael Kent, co-founder and one of the lesser-known individuals of the group, would use his computer software to run through massive amounts of data, which then provided the group's network of bettors with useful information. The network of bettors would then bet on games in which they had a statistical advantage (as determined by the software). Billy Walters, who was profiled on 60 Minutes, was the most famous member of the group.
