Jump to content

60 Minutes Story On The Biggest Sports Bettor In Vegas


Recommended Posts

good report...He says he plays poker, interesting to see if he plays any of the high limit games..i would assume he does.One thing I never understood about these guys, is that they are extremely smart..They spend hours and hours analyzing lines and numbers and looking to pounce on the slightest edge....He has made a ton of money betting sports.Then they go and gamble millions on craps and blackjack...

Link to post
Share on other sites
Then they go and gamble millions on craps and blackjack...
Winning all the time because it's easy gets boring. When there's an element you can't control, there's a little more excitement. I'd imagine that's why they do it.Good report. Kinda wish they'd chosen a reporter that didn't spend all her time flirting with him though.
Link to post
Share on other sites
Winning all the time because it's easy gets boring. When there's an element you can't control, there's a little more excitement. I'd imagine that's why they do it.Good report. Kinda wish they'd chosen a reporter that didn't spend all her time flirting with him though.
You've never ran a sportsbook or a bookie operation before. If you think it is "easy money" think again. It takes a plethora of work to do what that guy does. Blowing $1 Mil on the golf coarse or craps/blackjack/slots is like you going to an amusement park, beach for vacation, going out on a Friday or Saturday night. You do it from time to time just to have fun and get away from the work week grind. They do too, they just make a hell of alot more on their jobs, and have more to blow for fun. I seriously doubt he blows $1 mill on a weekly or even monthly basis.BTW - Billy is my new hero. "Lefty" Rosenthal is still on that list too :club:
Link to post
Share on other sites
You've never ran a sportsbook or a bookie operation before. If you think it is "easy money" think again. It takes alot of work to do what that guy does. Blowing $1 Mil on the golf coarse or craps/blackjack/slots is like you going to an amusement park, beach for vacation, going out on a Friday or Saturday night. You do it from time to time just to have fun and get away from the work week grind. They do too, they just make a hell of alot more on their jobs, and have more to blow for fun. I seriously doubt he blows $1 mill on a weekly or even monthly basis.BTW - Billy is my new hero. "Lefty" Rosenthal is still on that list too :club:
ALOT.png
Link to post
Share on other sites
the man has a private jet, 7 homes and 4 golf courses among other businesses..I am assuming a $1 million is a drop in the bucket.
That's true, but I would not say "drop in the bucket". Like he said, he has had losing days, weeks and even months. As you well know, poker can have the same swings. If he is having a bad week, and he said he had $2 mill in action in one day (assuming he included the juice. Could be $2.2 Mill with juice). You go 5 days at $2 mill a a day and see if you feel like dropping another $1 mill on the dice table. Now, you make $10 mill in one week, I can see dropping 10% for fun. The one thing I have learned in the "hustle" life is fast money comes and goes fast.This guy has been doing this for 30 years, so I assume BR management is not a problem. Notice he also said he has never had a losing year. He never revealed how much in the black he was each year. He and his family probably live well off the money from the other businesses. He also said he gives to his favorite charity, which also helps his tax liability as well. Still, it is safe to say that unless he goes completely pyscho, he will not have to worry about money ever again, and has had a pretty cool life from the way the interview went.
Link to post
Share on other sites
  • 10 months later...
  • 2 years later...

http://www.cbsnews.c...entBody;housing

 

Good story on Billy Walters the biggest sports player in Vegas. He talks about gamblers having more ethics than Wall Street.

 

And now it seems the FBI is investigating Billy Walters, Phil Mickelson and Carl Ichan for insider trading.

 

Insider Trading Inquiry Includes Mickelson and Icahn

Link to post
Share on other sites

Maybe they should call Martha Stewart for advice.

And now it seems the FBI is investigating Billy Walters, Phil Mickelson and Carl Ichan for insider trading.

 

Insider Trading Inquiry Includes Mickelson and Icahn

Maybe they should call Martha Stewart for advice, she did 5 months in federal prison for inside trading.
Link to post
Share on other sites

This would be a great movie...

 

The golfing community could really use some good press right now. No way the entire community wouldn't embrace a really well written golf script, that would be nothing but positive for the game.

 

Step one: somehow have the script get 400th place in a writing contest and then sit back and watch the offers pour in.

  • Like 2
Link to post
Share on other sites

The golfing community could really use some good press right now. No way the entire community wouldn't embrace a really well written golf script, that would be nothing but positive for the game.

No, that wouldn't be a realistic movie about golf. You would need to do something like "Vegas Knights" --

 

http://www.fullconta...howtopic=146863

 

-- and show both the positive and negative. That would make it more realistic.

 

Step one: somehow have the script get 400th place in a writing contest and then sit back and watch the offers pour in.

Actually, if I was a movie producer who was a big golfing enthusiast, I would love to see a golfing script that finished somewhere between 180th and 400th in a contest with 3,800 entries. And if it also did well in a couple of other contests I would really want to see it.
Link to post
Share on other sites
  • 8 months later...

Very interesting article from ESPN The Magzine

 

http://espn.go.com/espn/feature/story/_/id/12280555/how-billy-walters-became-sports-most-successful-controversial-bettor

 

A Life On The Line

 

 

For four decades, other gamblers have tried to be Billy Walters while investigators have tried to bring him down. And for four decades, the world's most successful sports bettor has outrun them all.

 

 

http://espn.go.com/espn/feature/story/_/id/12280555/how-billy-walters-became-sports-most-successful-controversial-bettor

  • Like 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...