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?

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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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