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Sports Betting: Billy Walters

January 16, 2011 6:00 PM

Las Vegas sports betting legend Bill Walters has never had a losing year - a winning a streak that's made odds makers call him the "most dangerous sports bettor in Nevada." Lara Logan reports.

Sports Bettor Billy Walter's Winning Streak

60 Minutes OverTimeThe Super Bowl: America's Biggest Bet

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by roosterqueen July 17, 2011 8:15 PM EDT
Hey Billy and Susan..i loved your story and your talk of a "chicken" day or a "feather" day..i am a nc self-taught artist creating chickens of stoneware clay...very realistic or whimsical but always with HUGE personalities...i share my work with an international chicken magazine and was just featured in a charlotte nc cbs afilliate;s show called carolina camera...they do not have it on-line yet but you will appreciate my work i know..i have worked very hard, in debt,but keep on believing i will survive doing what ilove...i would love to work with yal and create one-of a kind chicken sculptures named in honor of your talents...in between bets, please check out my fowl sculptures ..if you google my name, you will find me.i might be a damn good "chicken"bet for yal!!!!! and EVERY DAY can be a "chicken day"..cluck cluck..my best to you and i love laura logan...sheis one hell of awoman..i need to make a fantastic hen and name after her great strength and smarts..love and peace, tammy leigh brooks..
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by fatstick January 24, 2011 10:23 AM EST
good story, im,a gambler I play the slots,Iplay cash 5 games n 4 states,i have won tx lottery in 2005, i won cash 5 in ok lottery n2009 , go and have some fun. You only live once.I am not on Billy's level,whowever i do what I like to do.
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by CoopersPick January 22, 2011 2:23 PM EST
Billy Walters has been making huge arbitrage plays for years and only a select few like Coopers Pick has the discipline to actually take the right bets at the right time to consistently win year in and year out the problem with gambling is that its impulsive and you can't undo anything thats been done.

-Coopers Pick
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by mikelio719 January 21, 2011 4:53 AM EST
Brilliant. However he lost $250 000 on that Packers game. Aaron Rodgers got concussed in the 2nd quarter and missed the rest of the game and Detroit came away with the upset.
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by skate-black January 18, 2011 1:00 PM EST
Hi Bill, great to see your in good health.Say hello to Susan and all.I am glad you stayed strong over the years with all they tried to do to stop you from working.The distict attorney should be ashamed at what he tried to do to you and hard working people like myself who enjoy gambling.Thanks for all your help when i was in need.Will give you a call after the season. Your long time friend Black.
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by sdmlv January 18, 2011 12:51 PM EST
Read "The Smart Money" by M Konik... Bascially the real low down on undercover inside an operation like Billys. Remember all his runners who place bets for him will be banned from certain sportsbooks if they know they are placing bets for Billy, if they are winning. They're are maximum bets at casinos like 20-30k. And the average joe will never avg win percentage of 60%, which is what you need to breakeven.
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by trademup January 18, 2011 9:56 AM EST
http://smarkets.com/
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by trademup January 18, 2011 9:19 AM EST
I thought the story was great! Just goes to show that capitalism IS alive and well...with hard work and motivation, we can all be successful at whatever it is we are passionate about. I wonder if Mr Walters is pushing to legalize gambling in the US?
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by Mari3717 January 18, 2011 4:49 AM EST
Billy Walters seems like a genuinely nice guy - if one can tell that sort of thing by watching a 12 minute segment on 60 Minutes! I found his disdain for Wall Street especially compelling; he's so right. Who'd have ever thought gambling would be a more honorable profession than being a stock analyst!

I must confess, when I heard the numbers on his casual golf bets it made me a little crazy. (Okay, a LOT crazy!) He was up $17,000 after 3 holes. Holy smokes! All I could think about was if I had this man's talent I could play 2 rounds of golf and my son could go to college for 4 years. It's truly amazing to learn how much money someone can make in a matter of hours on the golf course playing for fun and betting with a friend. (Kind of depressing, actually.)

It was a great segment - it's always encouraging to see nice guys become so successful; there doesn't seem to be much of that going around these days!
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by IdoletteNola January 17, 2011 10:16 PM EST
What happened to Billy Walters essentially happened to me. I was swindled out of money in an online casino investment and had my business go under as a result of theft. All I had was a book on horseplaying (handicapping) from years ago. So I decided to take up horseplaying again and gambling, at least professional gambling; and like Walter says '(professional) gambling isn't that bad'. It's hard but you can learn how to manage your money and improve your game to the point of depending on it for some source of income.

When you think about it, the gaming industry does help the economy. In horseracing, there are over 200 tracks in North America and each one has a pick 6 winner almost every day. The average P6 payout is $100,000. So 200 people every day are collecting $100,000 in P6 payouts; and not all professional gamblers...some just get lucky.
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