But after 30 years of unprecedented success, the man who calls himself a Kentucky hillbilly agreed for the first time to open m88 the door into his betting life in Las Vegas – a life he describes as one long hustle – in betting parlors, in pool rooms and on the golf course.
The Super Bowl: America’s Biggest Bet
More people bet on the Super Bowl than any other sporting event. He used to make his living off it. Believe me,” McCarlie added.
“Five-to-one for birdie,” McCarlie replied.
“How much money have you taken off him over the years?” Logan asked.
“You got it for a dime!” Walters agreed.
Extra: The “Keyser Soze” of Las Vegas?
Extra: Billy Walters’ Analytics
Extra: The $3.5 Million Bet
“That’s a lot of money,” Logan remarked.
Walters has been almost as elusive as Howard Hughes, avoiding publicity, reluctant to reveal his secrets. Nevada is the only state in the country where taking bets on individual games is legal. I lost it all in the Horseshoe Hotel playing blackjack before I went to bed,” he replied.
When it comes to gambling, everybody knows the house has the advantage. So, how does a professional gambler approach the big game?
“Ten,” McCarlie said.. But there are some high rollers who consistently win, and it’s hard to find anyone better at winning than Billy Walters. 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.
“What’s the price?” Walters asked.
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. Had no air conditioning. Most bettors come to a sports book inside the casino, to lay their bets, wagering $2.5 billion dollars every year. Now, he’s a very wealthy man,” Walters replied.
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.
“He is,” both men replied simultaneously, laughing.
Walters just missed a 60-foot putt, but after only three holes, he was up $17,000.
“Probably $400,000,” Walters said.
“I’ll take 15,” Walters countered.
“When I met him, he was driving an old Cadillac full of bullet holes. I never got to bed to with it. Small potatoes for Walters.
© 2011 CBS.
Asked what his biggest win was on a round of golf, Walters said, “Probably a million bucks, around a million dollars.”
When Walters golfs, it’s mostly for fun. “By far. All rights reserved.
“What’s the most you’ve ever made on a hole?” Logan asked.
He gambled on the Super Bowl last year and won $3.5 million