I recently blogged about Warren Buffet, the genius of Warren Buffet who has made a fortune and built the empire of Berkshire Hathaway off of his success in the stock market. 60 minutes did a story today about Billy Walters who is in many ways, Warren’s Las Vegas counterpart. Walters’ bets on basketball and football have earned him respect, a fortune of hundreds of millions of dollars and even fear amongst Vegas book makers.
Gambling permeates nearly every aspect of Billy’s life which becomes evident when you see that he bets thousands with close friends even while golfing which was his original profession. From golfing, Walters spent years betting his way to a fortune often doing so well and winning so unbelievably high that law enforcement has come knocking on his doorstep. Now thirty years later, no one even questions Billy who has the understood power to defy the laws of betting, losing days and even months but always winning on an annual level. The degree of his success is perhaps best demonstrated by his $3.5 million bet on New Orleans in last year’s super bowl. Nowadays, you can find Walters spending his Sunday morning’s in front of his computer monitoring stats and on the line with numerous agents supplying information and capable of placing immense bets. After that, he simply sits back and watches money occasionally slip away but more often pile into his accounts.Whether it be changing bookie’s official victory lines or reaping millions, there honestly is no one like Billy Walters in the gambling industry.
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