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.
Never a losing year. Respect. Despite losing on weeks or months overall he is still profitable. Takes alot of grit and confidence to grind out the year.
at the 5:21 mark, the 'interviewer' mentioned one phrase that is key to understanding in any business venture on how to really make money from any business, and that is "information is key"...when you know what people are needing, looking for, buying, interested in, etc.,etc., then capitalizing on that information leads you to the promise land!
That only applies to football,basketball,and hockey.Baseball is far different.The linemaker doesn't have the time to properly judge every situation.The variables work against him in this sport.
@darwin20121 i do sportsbetting for some years... I agree that some games may be fixed, but its not the house that is responsible for that. (im talking about public sport events(not matches arranjed by a casino, i have never seen that here, but in USA i dont know). If the game is fixed, the house is not responsible for that. Usually, its a big danger for the house if the match is fixed. They normally lose in that matches because of the unusual bets on one side or another.
What is the software that's shown on his screen that you can see close up at the 3:20 point? Does it tell him the latest lines everywhere in Vegas, up to the second? Can anyone buy or lease that program?
Frieeeеnds I fоund а fоrmula tо win a lottery all уou friеnds should try it…...//////?Go here ==> twitter.com/98ee44920478e0a0b/status/742626059930198016 Sports Betting Billу Wаlteers
Ask me how tooo win lottery рrizes in 9 out оf 10 gаmes!Works for most lottery games in the world.Go hеre ==> twitter.com/18ce0c0e51f05f1f7/status/819451063900090368 Sports Betting Billy Walters
If u make a bet on a sports room game so to speak do u have to report it to ur tax's, or what if u use a swiss bank account just for ur betting use is that legal without being aduited or tax fraud by the Irs??
so what does billy do that people don't. i mean a lot of times when people bet on the favourite it isn't risk 110 to win 100. unless the bet on the underdog. what do you think he does, does he bet on underdogs
The majority of successful gamblers are utterly anonymous and prefer to be invisible. Anyone advertining gambling knowledge on youtube is almost certainly just on an ego trip. A true gambler is a silent assassin. In and out and no more about it.
@smsportspicks Billy Walters was the person that put the offshore business on the map. Scott Matthews likes Okla st plus the points over Boston tonight
First of all you dont bet ON A TEAM. You bet on an average. No matter WHO PLAYS. Theres certain things that happen YEAR IN, YEAR OUT. Once you realize this and have the right disciplined mindset. You will never lose longterm. Im no Billy Walters but have made my living betting on just two sports for the last four years. BASEBALL and BASKETBALL. Forget about the teams and the points spread. Those are just smokescreens. Its all about AVERAGES.
@darwin20121 you are very wrong. house wins because they discount some % on the odds. if you sum all the odds of a selection (win only) it gives you +- 110%. 10% to the house
@Puls4rt I've been sportsbetting for 22 years and it's only last couple of years that I've known the fix is in. Everything is connected from the ground up (media, casinos, players, sportscasters, coaches, colleges, university's). The reason why people do not notice this is because they attach too much emotion to the games, start gambling without the emotions and you can see why the fix is in.
+Cara Institute of Advanced Hypnosis I\'m not sure but ,if anyone else wants to discover winning sports picks try Jaffacter Sports Bets Coach (just google it ) ? Ive heard some interesting things about it and my neighbor got cool results with it.
+Cara Institute of Advanced Hypnosis hi guys, the greatest info that ive ever had was with the Simple Sports Goldmine (just google it) definately the most helpful remedy that I have ever followed.
You are wrong. The soccer betting is as profitable as American Football IF you know which games to choose and if you do trading, placing the bets during the game according to the moments and also predicting what the market will do next so you make a profit on the fluctuation of the odd. Every sport can be a winner :)
About twelve years ago a writer named Michael Konik wrote about his time with Billy Walters in a book called "The Smart Money." It's a good read and it tells you just how hard these guys work to beat the bookies. It's an extremely difficult way to make money and the bookies, who obviously hate losing, throw up roadblock after roadblock to try to stop these guys. I mean, how many people are going to bet a quarter of a million dollars on the outcome of a Marist v. Coppin State basketball game played in November? So the whales become easily identifiable and the books stop accepting their action.
@Puls4rt think again. If i bet $110 on a game i win $100 therefore the house gets nothing not %10. When 100 people are betting on a game at the mark of +-110% and say it's 50/50 for either team, that means the house only gets $500 of the take. But it is never always 50/50, next time lets say it's 40/60 and the house loses that means the house loses a whopping $1600. Media is also in on this and try to persuade the customer to a certain team. Business point of view is to maximize profits.
@fortinbras47 I do I follow and "think" I agree with you, but also believe the reality is the book has lots of other bets besides the $200,000 say total 500K at -10 and 500K at -8. The Pats win by 9, the book still pays out 500K but takes in 550K. The problem, is if book takes a lopsided amount at one line, moves it, THEN suddenly takes a lopsided amount for the other team, THEN Pats win by 9. By limiting the amount you can bet, taking into account all money bet on all games, houses wins.
@darwin20121 imagine a 2 selection outcome , team A win, or Team B win. if team A has odd of 2.00 and team B 2.00, this makes a 100% book(50% + 50%). If you stake 100€ in both teams you don't win or lose nothing. What the house does is offer you 1.85 for team A and 1.85 for team B( 54%+54%=108%). Means if you bet 100€ in both teams your loss is 15€ guaranteed. Thats how the house wins.
@scrabbleking1965 No! The book can lose money if: (1) the book receives more action on side than the other (2) in response to (1), the book moves the line and the final score falls between the early line and the later line. imagine the line has Patriots -10 against the Jets. Let's say $100,000 is bet on the Jets, and the book moves the line to -8 to attract Patriots action to balance. At -8, the book receives $100,000 on Patriots. if Patriots win by 9, then the book has to payoff BOTH bets!
Can you just imagine how many men’s lives were ruined with losing bets on that last dollar, rent payment etc so he can own 4 golf courses. Those courses were purchased with the loss and despair, failure, and destruction of lives. For him to then turn around and have that same money grifted from him in the stock market is twisted poetic Justice. PS-I understand those gamblers willingly parted with their money, the whole thing is just sick
@Puls4rt of course the house is not responsible for the fix but they do get a cut. There is an enormous pie out there and everyone who is in on it gets a piece.
OK George, were talking about flipping coins not roulette. Like I said earlier flip a coin and see if U can hit heads 13 times in a row. For one thing I don't trust casino's and second, there is something called 0 and 00 and they are not red or black but green genius.
@fortinbras47 Then if anything happens but the absolute best case, Pats win by 9. The bettor who has placed 2 $100,000 bets, wins one, loses won and ends up down $10,000, so the bettor can ONLY win if the Pats win by exactly 9, all other scores they lose $10,000. I highly doubt any gambler has gotten rich getting the exact score with 10-1 odds. I think where he has the edge is picking only a few teams each week where his precieved line grossly out of line with the line given by the book.
At 4:00, why does he say "$1,370,000 plus 10%" when the 10% vig is already included in that amount? They don't send you a bill for an extra 10% if you lose. You just lose the bet.
I know the guy he was playing golf with at the beginning. Gene is an awesome guy. He used to come to the golf course and just hit balls on the range, never played really unless there was money on the line!
do you know if the have a DATA software or something like in the minute 3:24 anyone knows?? or any sort of software... I just know betfair use software I'm kinda looking for a holdem manager for sports betting thanks in advance
@Puls4rt Why would online gambling sites allow you to transfer money to their competitors it's not like they are a bank. You have to see the bigger picture, think of the sports world as a conglomerate an entity or a monopoly who only make it seem that their all competing against each other, but in actual truth they are all investors with shares.
I have 70 rules and i worked for 2 Years on these rules ,,, Im just afraid of putting Big money but i trust my Rules. Im looking for a Forum or a Group to Share our Ideas... No body Know the rules of Soccer Betting. i Need to speak with expert members
This shows how hard you have to work to beat the sports books. All of the "guaranteed winning systems" advertised below are just fantasies (at best) or scams (at worst). If someone really did have a winning system, it would be a goldmine and the last thing they would do is advertise it or give it to me or you at any price. Most bettors who have a winning year do so by winning 58% or so of their picks. Since 15% of all games fall within a point of the spread, any change in the line can turn you from a winner to a loser in less than the time it takes to tell about it.
There are people just as if not more successful in soccer. Matthew Benham and Tony Bloom for example , and many more syndicates. Because of Asia you can bet a lot higher stakes in soccer, and there's many more leagues.
i'm 21years old i bets on football matchs(some people call it soccer) since 2007 u dont need expirience or something i see big teams lost against small teams from 3 serie sorry about my english
@scrabbleking1965 I seriously doubt any reasonably sized Las Vegas book maker has ever had a losing weekend. The whole legal gambling industry is built on the dream you can become rich, while every game where you are playing against the house you will lose over time. Poker and sports betting, the other bettors are setting the odds, and you have to be extremely selective in where you bet.
@Puls4rt Yes, but the house also wins by fixing the games. If you don't believe me take a few business classes, become really greedy and maybe you'll understand how sports is conducted in the big leagues. Your probably not thinking greedy enough.
In Nevada can't you just bet on sports online? I ask because it said Billy Walters had anonymous "partners" who bet for him after being instructed who to bet on. That doesn't really make sense to me why he has guys running around in sports books while on the phone with them when he can just bet online himself? Wouldn't that be easier? Maybe because you could only bet in person and not online back then? I don't know because I never been to Nevada.
one_life Project Do you live in Nevada? I know you can bet on sports online in Nevada now but then why did this Billy Walters guy have guys who bet for him in person while over the phone if he could just bet online himself? That doesn't really make sense to me unless there was no online betting back then.
SuperNumberonehater why would he put his money on a online account and not have control over it, online only let u PAYOUT in check $3000max with bitcoins $25,000, there are restriction when you bet online
SuperNumberonehater he's way to big of a player to be fooling around online. he has people betting for him so the bookies don't know it's him making the bets. not many can can cover the volume of bets he makes in a week. he's took em for billions lol
This is just like the guy from the film "Casino" played by De Niro. Still I don't believe in the whole moneyball system or when someone analyses what people ate for breakfast and their position on the field from years ago, It's much more likely the games are rigged and he's in on it. But then again, math is a really powerful thing.....
billy has always been my roll model after my dad in the gambling world.this man is the realdeal from the people I know who know him.he's the best sports invester in the world and I love to hear him tell story's.about the industry.its sad hes so private though
Ok whatever, when the games are fixed it's the gamblers who lose and the Bookmakers who rake in the cash. Think about it, who has more money to buy person to fix a game?
