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Sports Bettor Billy Walter’s Winning Streak

Most bettors come to a sports book inside the casino, to lay their bets, wagering $2.5 billion dollars every year. He used to make his living off it.

“When I met him, he was driving an old Cadillac full of bullet holes. Nevada is the only state in the country where taking bets on individual games is legal.

“What’s the most you’ve ever made on a hole?” Logan asked.. Believe me,” McCarlie added.

When Walters golfs, it’s mostly for fun. All rights reserved.

“Probably $400,000,” Walters said.

“Ten,” McCarlie said.

“What’s the price?” Walters asked.

“You got it for a dime!” Walters agreed.

He gambled on the Super Bowl last year and won $3.5 million.

He bets on football and basketball, is worth hundreds of millions of dollars, and has been so successful that many Las Vegas bookmakers are afraid to even take his bets.

“That’s a lot of money,” Logan remarked.

Asked what his biggest win was on a round of golf, Walters said, “Probably a million bucks, around a million dollars.”

Walters has been almost as elusive as Howard Hughes, avoiding publicity, reluctant to reveal his secrets. I lost it all in the Horseshoe Hotel playing blackjack before I went to bed,” he replied.

“I’ll take 15,” Walters countered.

“He is,” both men replied simultaneously, laughing.

“By far. But there are some high rollers who consistently win, and it’s hard to find anyone better at winning than Billy Walters. So, how does a professional gambler approach the big game?

Asked if there’s anything he doesn’t gamble on, Walters replied, “Not really.”

On the day we went along, the two buddies decided to play for $5,000 a hole, with a few side bets along the way. Now, he’s a very wealthy man,” Walters replied.

“Yes. Had no air conditioning. And he showed us how the hustle worked with Gene McCarlie, an old friend and casino owner.

“Who’s the better golfer?” correspondent Lara Logan asked Walters and McCarlie on a golf course.

“How much money have you taken off him over the years?” Logan asked.

But after 30 years of unprecedented success, the man who calls himself a Kentucky hillbilly agreed for the first time to open the door into his betting life in Las Vegas – a life he describes as one m88 long hustle – in betting parlors, in pool rooms and on the golf course.

© 2011 CBS. Small potatoes for Walters.

The Gambler

Extra: The “Keyser Soze” of Las Vegas?

Extra: Billy Walters’ Analytics

Extra: The $3.5 Million Bet

When it comes to gambling, everybody knows the house has the advantage. I never got to bed to with it.

The Super Bowl: America’s Biggest Bet

More people bet on the Super Bowl than any other sporting event. “Five-to-one for birdie,” McCarlie replied.

Walters just missed a 60-foot putt, but after only three holes, he was up $17,000

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