Sports Betting: Billy Walters

By Barry Ritholtz - January 18th, 2011, 12:29PM

I found this report quite fascinating; he seemed to me more a hedged trader than a straight dice roller:

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
Las Vegas Professional Gambler Tells “60 Minutes” He’s Never Had a Losing Year
Jan. 16, 2011 http://www.cbsnews.com/stories/2011/01/13/60minutes/main7243443.shtml

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Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Sports Betting: Billy Walters”

Bill Beatty Says:
January 18th, 2011 at 12:49 pm
Billy Walters is a legend in the business did you see the comments by Cantor Fitzgerald saying that there isn’t much difference between Wall Street and Vegas?

Of course you’ve been saying that for years but you never used it as a reason to get into the Casino Business.

http://calvinayre.com/2010/12/29/business/cantor-gaming-no-difference-wall-st-vegas/

http://dealbook.nytimes.com/2010/12/24/taking-risks-making-odds/?nl=todaysheadlines&emc=a25

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