Sports Bettor Billy Walter’s Winning Streak

I lost it all in the Horseshoe Hotel playing blackjack before I went to bed,” he replied.

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

The Gambler

Extra: The “Keyser Soze” of Las Vegas?

Extra: Billy Walters’ Analytics

Extra: The $3.5 Million Bet

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

He gambled on the Super Bowl last year and won $3.5 million. Now, he’s a very wealthy man,” Walters replied.

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

The Super Bowl: America’s Biggest Bet

More people bet on the Super Bowl than any other sporting event.

“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. I never got to bed to with it. Most bettors come to a sports book inside the casino, to lay their bets, wagering $2.5 billion dollars every year. Believe me,” McCarlie added.

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 long hustle – in betting parlors, in pool rooms and on the golf course.

“I’ll take 15,” Walters countered.

When it comes to gambling, everybody knows the house has the advantage. Walters just missed a 60-foot putt, but after only three holes, he was up $17,000.

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

“Five-to-one for birdie,” McCarlie replied.

“What’s the most you’ve ever made on a hole?” Logan asked.

“Probably $400,000,” Walters said.

Copyright 2011 CBS. Small potatoes for Walters.

“Ten,” McCarlie said.

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

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.

“Yes. Had no air conditioning. He used to make his living off it. 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?

.

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.

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

“What’s the price?” Walters asked.

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

“By far. 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.

Walters has been almost as elusive as Howard Hughes, avoiding publicity, reluctant to reveal his secrets

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Make Money from Home with Ebay- Ebay Arbitrage Strategies

Ebay stores are much less expensive for volume listings and will result in lower overall selling fees increasing your profit margins. If you have some money to invest and don’t mind waiting a bit to maximize your returns selling through an Ebay store is a good way to accomplish your goals. If you are careful in your research and look for high quality, high profit margin items to resell you will easily be able to generate a solid income through the use of Ebay arbitrage. In general though, auctions closing at less peak traffic times or on slower days will be where the values are most easily found. First, it helps if you have an idea of what collectibles and other unique goods are worth. They make their money off the flux in prices in the marketplace.. Make the decision on an item and move on looking for other great items to resell.

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Making money selling with Ebay arbitrage is not difficult, but you will need a few basic skills to get you started. You take your profit margins off the difference between what you buy for, what you sell for, less your listing and closing fees.

What You Will Need to Make Money on Ebay with Arbitrage

One of the best make home from money with Ebay strategies ever is Ebay Arbitrage. Some people elect to do both, turning the more expensive parts of their merchandise around more quickly by listing a portion of their items at auction and then promoting their store via their auction listings. As a rule, auctions closing during the evening hours throughout the week and during daytime hours to early evenings on the weekends do the best price wise. The easiest way to do this and avoid auction fever, with the resulting over payment, is to set up autobid. You look for very low priced items at auction which are closing soon and are a steal to purchase. Do give yourself every opportunity to improve the selling price of your Ebay auction listings. Most auctions closing in prime time will go for prices either at or above market value, although some will close lower than they should. Everyone loves a deal on Ebay. Your search will now bring up the history of the closing prices of similar items and what they have closed for. With autobid, you set the upper limit of your bidding range so there is no worry that you will end up paying more than you wanted to for the item. The only thing you are after is a way under priced product that you can relist immediately and resell quickly for a profit. You are looking for items with huge value that you can pick up for a pittance, relist either at auction or in an Ebay store immediately and resell quickly. Knowing your prices is helpful, but not essential to your success. Even more astonishing is how rapidly you can build a full store inventory of highly profitable items with very little front money. If you have enough money to let your items sit around for awhile before you resell them, making use of an Ebay store rather than auctions is a good way to go. Focusing on unique products with high desirability will allow you to turn over your merchandise quickly enough to keep even the most rabid bargain hunter browsing through your Ebay stores looking for your best and latest deals.

How to Make Money on Ebay

Arbitrage on Ebay is just exactly what you may be thinking. Usually these items have very poorly written auction listings, new sellers, or sellers with questionable feedback ratings. Take a look at the auction listings and see how the ones with the highest closing prices were written and then incorporate the basic layout in your auction listing.

After you have established that you have an item which is potentially profitable, you can go ahead and place your bid. Provide one and you will make the sale.

Another way to improve the profitability of your Ebay business is to decrease the cost of your Ebay listing fees. Look for items with at least 200% markup wherever possible and a solid history of 50% or better auctions closing as sales. What is arbitrage exactly? The term arbitrage comes from the financial world and means the simultaneous purchase and sale of the same product or commodity. If you question the worth of a product you are considering buying, your best bet is to sign into your Ebay account and do a search for the item you are considering purchasing for immediate resale. Autobid allows you to make your initial bid and then authorize your bids to rise at a set amount if someone else out bids your offer. People who make money from arbitrage buy low and sell at a higher rate without holding onto the product or commodity for more time than is absolutely necessary. As soon as you have sent your payment, rewrite and relist the item for auction. Go to the advanced search section, put in the description title of the item as it is listed and tick the box which shows closed auctions. Utilizing both a storefront to lower selling costs and auction listings for fast product turn over and store promotion is a useful strategy.

Upon winning an item you should make your payment immediately to the seller via Paypal to speed the transaction. One other point, your auction listings must also close with enough time for you to have the item mailed to you before you can reship it to another, so be careful of your time frames. Time is money, so limit the amount of time the item is in your possession to maximize your profitability.

Make money with Ebay at home is both an excellent and legitimate way to earn extra money fast