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Billy Walters on 60 Minutes Sunday Night....

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Posted: #26
and I guess if he does like you described, and bets 10k to get a line he likes and then hammers away at 300k the other side would be ok.
 
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Posted: #27
Not really sure what his motivation was for doing this other than to prop himself up.  I have no clue why someone like that would want to be flaunting their possessions that publicly especially in a place like Las Vegas that's been hit so hard by the recession.  If it were me I'd keep my mouth shut.  Then again I'm sure he travels with bodyguards and security everywhere. 
 
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Posted: #28

If buying half a point cost 5-10 percent on a 300,000 it would cost him 15-30k to buy the point.

If he knows he can move it with a 10k bet than he's still saving as long as that half point wins him the bet 1 in every 16 times he does it.

 
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Posted: #29
sorry 1 in 30 at 10k a pop.
 
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Posted: #30
Billy Walters
 
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Posted: #31

Quote Originally Posted by XhuegoX:

chick interviewing him was hot 

 And her accent added to her sexiness.

 
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Posted: #32
Yeah she was hot and soaking it all in where's my wife like that
 
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Posted: #33
Quote Originally Posted by casheasy:

One thing I've never understood, and still don't believe works very well, is betting one side heavy to force a line move of half a point or maybe even a point, then hitting the other side even heavier now that you have a line you want. The amount of juice you lose would be atronomical. In this era of "every point in juice counts," why give away free money? How can you make a profit that way unless you win every single bigger wager you make? Or get a ton of middles..... Just doesn't make sense, does it?

I agree.  Just wait for the next play to emerge.  Seems to be forcing a play that isn't there...Unless he knows he will get a huge overreaction to the initial play (chances are more in NCAA hoop totals) and opens himself up to a huge middle...
 
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Posted: #34
Quote Originally Posted by XhuegoX:

chick interviewing him was hot 


real fucking hottt

 
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Posted: #35
Quote Originally Posted by dillon24:

They could have easily had the whole show on it.  Didn't really show too much


I agree, only thing he sounded "good" on was the Units of play and maybe using outside help on understanding injuries and teams specific strategies, which these forums should specialize on...Too bad many followers in the forums  just want to get attention for their picks and not their analysis or at least a few reasons behind analysis....
 
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Posted: #36
I kind of understand where this dude is coming from, but if any1 wants to give me the capital he has I could easily make 10% a week and have a lot less risk
 
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Posted: #37

I thought the show was great. Amazing how he sits there and moves the money around having runners in different sports books !

This shows you that with $350 Billion bet off shore, the need for lagalizing sports betting

Great stuff and a really interesting , down to earth guy, in Walters

 
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Posted: #38
Quote Originally Posted by Johny_Utah:

Can someone answer how you get 2.5 million bet in Vegas when the max bet is 10K to 20K. Does have a 100 runners that bet 20K at each book ?  It's not the old vegas anymore like binions horseshoe that would take any bet anytime any amount.

Hilton
Harrahs
MGM
Coast
Cal-Neva
Luckys
Leroys
Wynn
stations
Palms
cosmo?  ( just opened big place but no clue)

I believe these are the only major books out there now. Zero chance that he made all those bets without going offshore.

My guess is he never mentioned offshore wagering due to his prior legal problems and did not want another witch hunt being started by saying he bets offshore. Technically that is betting across state lines, etc etc.  Smarter not to even address it.

 
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Posted: #39

I took a screen shot on my TIVO when the computer screen he was looking at is up.  I wish I knew how to get it on a computer from my TIVO, but I dont.  You can go to exactly 3:20 of the linked video.

Anyway, it is a CONFIGURABLE Don Best screen.  Guess which books he CHOOSES to have on his screen?

In order:

Cris
Greek
Grande
Just Bet
Pinnacle
Mirage
Jazz
Matchbook
Coast
CNeva
Hilton
Caesars
Badlands

Seems to me, that is pretty telling of where he is betting.

 

Support your local animal shelter. I am on twitter.
 
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Posted: #40


Good idea Vanzack.  If he did not bet offshore he would certainly have a few more vegas spots on the front page. Not places like grande and just bet.

I am pretty sure he is just being cautious regarding his offshore activities.
 
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Posted: #41
Maybe they are trying to get the public to do more betting and more spending since Vegas does need more outside source income rather than from their own state.....
Im a rather paranoid fellow at times (specially when I hang out wit Mary Jane) and I think Im pretty good at seeing past lies of people.

I think that airing Billy Walters on 60 min and having the topic about sports gambling (at the PERFECT moment to keep bettors and non-bettors on the TV) had a hidden intention....and they just may have succeeded.

With that said....I'm betting the Bears over the Packers. And Jets over the Steelers.

I don't believe these shows are publicly aired for our benefit....They don't do ANYTHING for the public's benefit. Trust me...everything we just saw more than likely was for them to take take take more from us.....so....be cautious was betting this upcoming week.
 
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Posted: #42
anybody notice that atlanta falcons commercial with the entire team / organization on the school.

before the packers/falcons game i saw that commercial at least 3 times more than any other commercial spots for games.  that commercial has been aired constantly throughout the season.

led me to believe that vegas wanted these commercials aired more frequently in order to attract more money on the falcons....thoughts?
 
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Posted: #43
Quote Originally Posted by Sugarhouse:

Quite the cozy 'man-zone' he's got there. Him and his wife sitting by the fire, enjoying a night of television... only, he's got a headset on and his mind is probably constantly racing all day and night long. What a gem of a wife to be able to deal with that.


I'm sure the perks of that "lifestyle" keep her happy
 
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Posted: #44
Anyone ever read the book "the smart money". great book covering the world of runners for big gamblers and syndicates like BW. A must read for all degenerates like myself.
 
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Posted: #45
Quote Originally Posted by ValueforRent:

Not really sure what his motivation was for doing this other than to prop himself up.  I have no clue why someone like that would want to be flaunting their possessions that publicly especially in a place like Las Vegas that's been hit so hard by the recession.  If it were me I'd keep my mouth shut.  Then again I'm sure he travels with bodyguards and security everywhere. 

Well his motivation is that he is probably bored with his lifestyle. The next avenue of pleasure is to stroke his ego publicly, even if that means exposing his wealth. It's akin to murderers bragging in prison about all the people they whacked and then getting taken to trial for additional killings.

This is a great PR stunt for Vegas and offshore gambling in general. If it just plants a seed in millions of viewers heads that this is a potentially profitable venture (in an era where the stock market wiped out a decade's worth of returns in '08) people will attempt a crack at it in Vegas or online.

For CBS, it's an interest piece of what has and is still regarded as a vice. Perhaps that vice, like alcohol consumption, can have its stigma mitigated. 

That helps local lotteries, race tracks, Vegas, AC and every other small casino from here to Kalamazoo. 

Clearly a story driven into prime-time by the gambling industries dollar.
 
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Posted: #46
He lost that Kansas St - Loyola game (KSU -8.5).  Final 68-60
 
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Posted: #47
Quote Originally Posted by fdw017c:

He lost that Kansas St - Loyola game (KSU -8.5).  Final 68-60
Guess he should have moved the line more before unloading on the other side.
 
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Posted: #48

Like the comment Walters said he trusts a bookie with his money than a slick Wall Street broker due to his previous experiences losing money to them.

 
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Posted: #49
i think that was a useless piece of information they showed on 60 mins wasted my time...stuff that most gamblers know anyway, only thing i learned was which site he uses for live lines and other than basic capping 101 he has more money to play with. 

who gives a rats ass about billy walters...he doesn't put food on your table.....
unless you work for him
 
 
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Posted: #50
He told the public what he wanted them to here. You can bet most of his large bets are offshore. Just the taxes alone does not make worth his while to bet in the US.
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