Walters once lost his house during a game of pitching pennies. One of the few times he got close -- in a fawning 60 Minutes profile in 2011 -- he spoke only in general terms. [8] Due to his reputation, Walters often placed bets through "runners" so bookmakers would remain unaware of the person behind the bet. So Rubalcada spent day after day in the dimly lit sportsbook, waiting to hear from a guy nicknamed Wolf, whose urgent messages would arrive shortly before kickoff or tip-off. "Where they used to make a lot of money was on what they used to consider write-in games, that small college game where I didn't even know they had a line on it," Mastronardo says. In the wake of three concussions in 10 months, is that same self-confidence now putting his future at risk? He started placing bets as a young boy and lost all his savings -- $75 -- betting on the New York Yankees against the Brooklyn Dodgers in the '55 World Series. His mother, who was an alcoholic, walked out on her son and two daughters shortly after the death of Walters' father. In September, Vernon Krause of Krause Auto Group purchased one of Walters' Hyundai stores in Georgia. Walters eventually moved to Las Vegas, where he revolutionized sports betting as a member of the famed Computer Group, the first syndicate to apply sophisticated algorithms and data analysis to sports gambling. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. "I've never been an informant," he says. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. But I realized that there was nothing there at the prison to prepare these men for life once they got out.. But the ultimate orders came from the greatest and most controversial sports gambler ever: William T. "Billy" Walters. Now in exile, will he get a shot to build a third? Today, sources say, the headquarters of Walters' international operation is located outside the United States. "The Fortunate Mr. Walters," he says. Walters was convicted of insider trading in the Southern District of New York in 2017 and served thirty-one months in federal prison. There's nothing illegal about manipulating lines, and many prominent gamblers have the ability to move a line with as little as $1,000. "First of all, nobody knows where he bet it. Goodman initially agreed to be interviewed for this story but changed his mind at the last minute. "Quite frankly, this may be my last year," he says. His story [6] Walters also captured the 1986 Super Bowl of Poker, (also known as Amarillo Slim's Super Bowl of Poker or SBOP) in Lake Tahoe earning $175,000. Outraged, the attorney filed a motion to dismiss the case. Malinsky, who says he worked for Walters on two occasions as a college football handicapper, says he routinely provided Walters quantified evaluations of teams, broken down by color codes and letter grades. You don't like the person, but you like the golfer. It's widely known that he once made $400,000 on a single hole of golf and over $1 million on a single round. He claims to have made over $400,000 on one hole and once as much as $1 million in one round, although he admitted to losing that same amount at blackjack later that night. "You take a guy who comes from where I came from if it wasn't for the automobile business, I don't know where I'd be today.". Before the insider-trading case, Walters had been indicted four times on charges related to gambling but was never convicted. William "Billy" Walters is CEO of The Walters Group and was once a world-renowned sports bettor. WALTERS DOESN'T WANT to talk much about any of it. by Seth Wickersham, Wes Welker became one of the most dominant receivers of his era because of an unfailing belief in his abilities. Wagering is now legal in sportsbooks and on betting apps in thirty-six states. Why don't we generate some jobs? Another myth about professional gambling is that every big bet is made in Vegas. He had lost $50,000 by the time he was 22. 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Opinions expressed by Forbes Contributors are their own. In 1981, he left the automobile industry to become a full-time sports bettor and bookmaker. But the art was that he could bet a game for a lot of money and nobody would know about it. "When I was first introduced to [Walters], he told me, 'This is the first and the last time you'll ever see me,'" Rubalcada says. Walters has served nearly four years of his . That information is weighed and plugged into the computer alongside other statistical data -- from field conditions to intricate breakdowns of officiating crews. Buchbinder Car Rental in Leipzig. Walters is thought to have bet "more money more successfully than anyone in history, earning hundreds of millions of dollars". Walters told told the audience, Hope for prisoners bridges the desire, the opportunity and the tools for you to achieve what you have sought out to achieve. The White House stating, In addition to his established reputation in the sports and gaming industry, Mr. Walters is well known for his philanthropic efforts and was previously named Las Vegas Philanthropist of the Year.. Why don't we keep the bad guys out? If I don't get the money, it means I didn't receive the money. Sprinter, van for the perfect move. Walters is a successful entrepreneur whose ventures include golf courses, auto dealerships and car-rental agencies. Some he bets in the casino. "They had one of the biggest law firms in the city set up their entire corporation and their books," says Brian Rutledge, Clark County's chief deputy district attorney. His friends, family and the people closest to him say you know the coach -- not the man. Mastronardo managed to get a message to Walters through Fats, a driver sent to the airport to pick him up. He is the coach calling the plays. Billy was eventually caught and fined $1,000. His assets include a number of golf courses and car dealerships, as well as a four-bedroom Billy Walters' house in Henderson, Nevada. Mindlin was the self-indulgent frontman, a surgeon-turned-gambler. His sentence was scheduled to be completed on January 10, 2022,[4] and was commuted by Donald Trump on January 20, 2021. Walters was serving the final year of his sentence on house arrest in Southern California after being released in May from federal prison in Florida because of coronavirus concerns. The remainder, they say, happen either at offshore gambling sites or, to a lesser extent, through a network of bookies, many of whom have had relationships with Walters for decades. . Generally reticent of the media, Walters agreed to an interview in 2011 with the television news program,60 Minutes, in the hope it would help the overall image of Las Vegas and to educate the public on legalized sports betting. He is sentenced to six months' probation and a $1,000 fine. Two months ago, legendary gambler Billy Walters was indicted along with Dean Foods chairman Thomas Davis for insider trading. He is hard-working, self-sufficient, and resilient in the face of adversity. He would peruse the daily newspaper for car ads, inviting the ads' sellers to do trades with him. Back then, he had nearly $1 million in his account at the M. Dressed in slacks and a sport coat, he would saunter in and bet six figures a week on NFL and college games. From that experience Walters was determined to make a commitment to make sure that people in prison got that second chance. He was fined $10 million and ordered to forfeit $25.4 million in ill-gotten gains. Many politicians, investigators and prosecutors asked that their name not be used in this story, lest Walters tie them up in a lawsuit they can't afford to fight. In 2011, Walters claimed he could make between $50 to $60 million on a good year. The greater the delta, the more money a gambler like Walters will bet. "I was betting it for him, so he staked me a bankroll.". Walters' big action is unwelcome in many sportsbooks in Vegas, so he relies on his network of "runners" like Rubalcada, who are tasked with placing bets without giving any hint that they're working for someone else. The $125,000 on the initial lines will be lost, but if things go according to plan, the $250,000 on the other side will win enough to make up for it many times over. That makes a large network a major advantage -- each runner stays under the limit, but the total amount bet on Walters' behalf often exceeds it many times over. After David L. Thompson -- then a Nevada deputy attorney general -- unsuccessfully prosecuted Walters on money-laundering charges in the early 2000s, he was forced to resign. His mother relegated him to a room in the basement and charged him $10 per week in rent. Walters, who built an estimated fortune of about $500 million (including his golf courses, auto dealerships and car-rental agencies) almost exclusively from his career as a professional. He went on to become a sales manager at Stevens Brothers Auto Sales. His father, an auto mechanic, died when Walters was 18 months old. "I'll be dead before they get that money back," he says. Mastronardo, an All-American wide receiver at Villanova and 10th-round pick of the Philadelphia Eagles in 1977, says he first met Walters in the 1980s while playing in a golf tournament for high-rolling gamblers hosted by Jack Binion, who owned a large casino in Vegas. Model. The collective's gamblers, handicappers and investors began earning millions. He and his wife Susan have been staunch Opportunity Village advocates for decades and were honored at the organizations 11th annual black-tie gala Camelot in 2012. The technology was run by Kent, a mathematician who developed nuclear submarine technology. "It is so long ago," he says, "it's like digging up a ghost.". [18], In June 2014, Walters had a private jet worth $20 million and owned seven homes, with a net worth estimated at over $100 million. Billy Walters, mega car dealer and one of the most successful sports bettors in the U.S., is now in federal prison. "You strictly reap what you sow," said Walters, who grew up poor in Kentucky. His grandmother arranged both loans for Walters.[5]. At the trial, investor Carl C. Icahn was mentioned in relation to Walters's trading but was not charged with wrongdoing. Eventually, he grew to understand one of Walters' keys to success: Some of his bets were intentional losers, designed to manipulate the bookmakers' odds. It didn't always work, and Rubalcada dug himself a hole so deep that he began embezzling from his Walters-funded account, taking a total of $482,833. He bet on the Yankees, and they lost. Walters is a successful entrepreneur whose ventures include golf courses, auto dealerships and car-rental agencies. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. You can unsubscribe at any time through links in these emails. Walters uses the same method on multiple games, often risking millions each weekend. Walters gained $32 million in profits and avoided $11 million in losses. Walters landed jobs at the Davis Doughnut Bakery, where he worked from 4:30 a.m. to 7:30 a.m. before school, and a Joe Graves Shell gasoline station, where he worked after school from 3:00 p.m. to 11:00 p.m. Those experiences in his early life shaped the man that William Walters would become. In 1967, he was hired as sales manager at Steven's Brothers Auto Sales, a competing dealership. Walters is a prominent sports bettor and already owns dealerships in California and others states. Review and Buy used cars online at OOYYO. He owns a fleet of car dealerships, several high-end golf courses, a private jet and fabulous homes in places like Palm Desert and Cabo San Lucas. He quit booking and the charge was later expunged from his record. He was not in custody but a judge had said he could enter custody once the COVID-19 pandemic subsided.Billy Walters, sentence commuted: The megadealer and professional gambler in 2017 began a 5-year sentence for devising a 6-year insider-trading scheme with then-Dean Foods Co. Chairman Tom Davis. News reports at the time said Walters allegedly passed tips to pro golfer Phil Mickelson, who used profits from Dean Foods stock trades to pay off a gambling debt to Walters. Walters first started gambling when he was six years old when his grandmother took him to his uncles pool hall. In fact, Rubalcada was a faceless grunt in the most successful gambling enterprise of all time. See more newsletter options at autonews.com/newsletters. "Why don't we regulate it? Mike Fish is an investigative reporter for ESPN.com. With an unmatched winning streak of thirty-six consecutive years betting on sports, Walters has placed. Walters today is CEO of The Walters Group, which has diversified holdings in real estate, luxury golf courses, car dealerships, and a wide range of startups and other industries. Walters was a key member of the group's operations, Assistant U.S. Attorney Eric Johnson says: "[He] was responsible for getting the bets out. He moves to the half-moon-shaped bar overlooking the sportsbook, catching up with old friends. As of 2016, the company owned 18 new-vehicle dealerships across Kentucky, California and Georgia; two golf courses in Las Vegas; and other holdings. Armen Keteyian, a longtime CBS News correspondent and contributing correspondent for60 Minutesand60 Minutes Sports, is the recipient of eleven Emmy Awards. Rubalcada says he made his way into Walters' world booking tee times at Royal Links Golf Club, a pricey course Walters owns a few miles off the Strip. He says, 'What did it close?' He went through the phone book and cold-called people. Please select at least one newsletter to subscribe. He says, 'I put $250,000 on Old Dominion tonight, and nobody knows about it. 2019 Billy Walters - An American success story. "I can tell you nobody has ever approached sports betting with as much analysis, as much technical capability, computer analysis," says Sheehan, who is writing a biography on Walters. [1], In April 2017, Walters was found guilty of insider trading after using non-public information from Thomas C. Davis, a board member of Dean Foods. Unfortunately, David wasn't successful in what he did, and I discontinued the relationship.". "They can put the network together of picking the games and having the handicappers. In 2016, Walters told Automotive News that he loved the car business because it offers a level playing field. On January 20, 2021 Walters was granted a presidential commutation. Still awaiting the results of his case, Walters has quit gambling and is solely focused on his auto dealership. In the sports gambling world, where the house takes a 10 percent cut, bettors need to win 52.38 percent of their games to break even. Walters was sentenced to 5 years in prison and fined $10 million. He became a philanthropist and founder of a charitable organization in Las Vegas that helped people with disabilities. The marriage was short-lived. William T. Waltersis a living legend in Las Vegas and among sports bettors worldwide. He prefers being seen as a successful entrepreneur, the friend says, not just a "Las Vegas gambler." At the same time, Walters did not forget about other people. No sports bettor has reached the prominence of Billy Walters. But at the end of the day, you can get all the support in the world, but if youre not totally committed this, dont BS yourself, this isnt going to work. Then the government's star witness -- who was to be responsible for guiding jurors through allegedly incriminating evidence from seized records and audiotapes -- suffered a heart attack the night before he was to testify. His holding firm owned eight auto dealerships, one of which was under development, one golf course on the Las Vegas Strip, a rental-car franchise, and a variety of commercial assets as of 2016. . Editor's note: This story was originally published in ESPN The Magazine's Feb. 16 Gambling Issue. Federal and state investigators sniff around his operation regularly. If Walters is never prosecuted, the investigation would join a long list of occasions on which authorities have tried and failed to bring him down. For more information visit our website atwww.simonandschuster.com. Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. ", After several hours of questioning, agents accepted Mastronardo's defense that he was a professional gambler and allowed him to leave with the money. Walters Group has been selling dealerships, several sources said, and it's unclear whether the company still owns stores. As Walters told an audience recently in Las Vegas about that experience, I was shocked and never expected to be there.. Have an opinion about this story? Allstate: Compliance standards are changing. Vegas sportsbooks fear losing huge to top gamblers, so many set limits of $10,000 on college and $20,000 on NFL games. Heres what you need to know. No one else is close.". Jofie Ferrari-Adler, vice president and publisher of Avid Reader Press, a division of Simon & Schuster, acquired world rights toGamblerfrom literary agent David Vigliano of Vigliano Associates. [6], Walters and his gambling partner delivered $2 million to the cage at the Atlantic Club Casino Hotel. And he had a whole series of bookmakers who were willing to take a bet and send bets out to other people, because they wanted to get that information first, so as soon as they took the bet from the Computer Group they could change their line before they got hit.". By 1981, he owned his auto sales business, wholesaling cars to dealers throughout the southern states. Now, he is using his experience as a federal prisoner to change the lives of those leaving prison and returning to society by donating to HOPE For Prisoners. With an unmatched winning streak of thirty-six consecutive years betting on sports, Walters has placed hundreds of millions a year in gross wagers, including a $3.5-million bet on one Super Bowl alone. Walters Group has been selling dealerships, several sources said, and it's unclear whether the company still owns stores. "He's like Tiger Woods in his prime. 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. ESPN declines the offer. Raised by his grandmother amid extreme poverty in rural Kentucky, Walters became an accomplished pool hustler by the age of nine. But they can't build out that distribution network.". Walters' statement said he has filed a lawsuit in federal court in New York against those officials. In addition to an against-all-odds American dream story, it reveals in granular detail the secrets of Walters's proprietary sports betting system, which will serve as a master class for tens of millions of recreational gamblers in America and around the world. They were better set up legally than your average business, let's put it that way.". You can readmore here. car dealerships and a private jet, according to "60 Minutes." ISSN 2576-1064 (print) For other people named William Walters, see, United States Attorney for the Southern District of New York, "Taste for Risk Fueled Career of Bettor Billy Walters, Now in Trading Probe", "Meet the world's most successful gambler", "Billy Walters: Done gambling, still dealing", "Famed Vegas gambler released from prison in COVID-19 program", "Billy walters on his conviction, gambling -- and ex-friend Lefty", "Billy Walters and the Story of the Computer Group", "Democrats' impeachment lawyer cut his teeth prosecuting mobsters, Wall Street cheats", "William T. Walters, Famed Sports Bettor, Is Guilty in Insider Trading Case", "Las Vegas gambler Walters gets 5 years in prison, $10M fine", "Gambler Billy Walters sentenced to 5 years in 'amateurishly simple' insider-tradingscheme", "Vegas Gambler Billy Walters Gets 5 Years for Insider Trading", "Las Vegas gambler Walters loses insider trading appeal", "U.S. Supreme Court rejects insider trading appeal by Las Vegas gambler", "Statement from the Press Secretary Regarding Executive Grants of Clemency", "Billy Walters - A Legend In Sports Betting History", "Opportunity Village receives $1M matching donation offer from notable philanthropists", "Association of Fundraising Professionals Las Vegas", "Las Vegas Philanthropists of the Year in 1997", "Meet Billy Walters: The Pro Gambler Donating $1M to Harry Reid Airport Rebrand", "Pro gambler Billy Walters says he'll donate $1 million to Harry Reid airport rebranding", https://en.wikipedia.org/w/index.php?title=Billy_Walters_(gambler)&oldid=1137126057, Recipients of American presidential clemency, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 2 February 2023, at 23:12. Over a period of several months, he begs off numerous interview requests from ESPN, saying his lawyers want him to keep quiet because of the latest investigation against him. The vast Walters network also includes a guy on the East Coast known as The Reader, who scans local newspapers, websites, blogs and Twitter for revealing tidbits or injury updates. [15] On October 7, 2019, the U.S. Supreme Court refused to hear Walters's appeal. [5], Walters credits his grandmother, a devout Baptist, with instilling a strong work ethic. Walters has outrun them all. Billy Walters, megadealer and skilled gambler, is a absolutely free male many thanks to previous President Donald Trump. An example of Billy Walters character: When his mother contracted emphysema in later years, Walters paid her bills and ensured she was comfortable at the end of her life, despite the abuse he endured from her as a child. Walters is a prominent sports bettor and already owns dealerships in California and others states. He once told "60 Minutes" that on any Sunday, he could have $2 million on the line betting on professional football games. I said '1.' As of , his holding company owned interests in eight car dealerships with one under construction . Walters is one of the top philanthropists in Las Vegas and a major supporter of Opportunity Village, the most successful home for intellectually challenged people in the state of Nevada. Walters says he removed his attorney; Goodman told Smith he quit the case. Any additional wins represent pure profit -- and when hundreds of thousands of dollars are wagered on a single game, lots of it. On this Wikipedia the language links are at the top of the page across from the article title. The winner did not take possession; Walters agreed to pay off the debt over the next 18 months. Walters had similar arrangements with others who handicapped NFL, NBA and college basketball games. At age seven, Billy Walters launched his first business when his grandmother, who worked full-time cleaning homes and at a restaurant, helped him secure a $40 loan from the local bank so that he could purchase a lawnmower. Rubalcada says he advanced to a job best described as course hustler, setting up on a par-3 hole with his pitching wedge and offering foursomes the chance to wager on who would make it closest to the pin. He banked $3.5 million on Super Bowl XLIV. OOYYO. Walters moved to Louisville to live with his mother and her new husband and their stepchildren. Walters was indicted three times for money laundering in connection with the investigation, but the charges were dropped before trial. Now you can bet in foreign markets. Walters Group has been selling dealerships, several sources said, and it's unclear whether the company still owns stores. The Sisolak campaign said the businesses were associated with Susan Walters, the wife of Billy Walters. In the wake of three concussions in 10 months, is that same self-confidence now putting his future at risk? After 38 hours of play they won $3,800,000, beating the prior record of $1,280,000 held by Richard W. Jarecki at the San Remo Casino in Monte Carlo in 1971. In one phone call, he rails about his distrust of the media. Billy Walters is listed as a managing member of BW Auto Ventures, which operates a car dealership in Kentucky. In addition to her work ethic, Walters grandmother imparted her faith and devotion to the community around her to young Billy. "Everybody in this country bets on sports," he continues. He also hosted charity events and helped establish the Northern Nevada chapter of the First Tee, a non-profit youth organization that provides educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf. The act of clemency was supported by former Majority Leader Harry Reid, former Governor Jim Gibbons, former Representative Shelley Berkley, former Clark County Sheriff William Young, former Police Commissioner Bernie Kerik, numerous professional golfers including Butch Harmon, David Feherty, and Peter Jacobsen, and former 60 minutes correspondent Lara Logan. He exchanges high-fives and playful F-bombs with a couple of bartenders, then makes a raunchy pass at a brunette waitress who escapes in a near sprint. The founder of Hope for Prisoners, Jon Ponder, spent time in prison and realized there was a lack of long-term support for many like him. Tiger Woods in his prime. "At times, he would give me $1 million to hold, $2 million to hold, with no signed contract," Mastronardo says. [2], In 1987, Walters stopped all gambling other than sports betting and returned to his roots in business. 28, 04107 Leipzig, Germany Walters, according to interviews, is both kind and a bully, charming and scheming. SALES REPORT: Sign up for our quarterly newsletter and get U.S.. Walters's personal story is nothing less than a modern-day Horatio Alger tale come true. Walters declined to be interviewed last week but said in a statement that he was innocent and accused federal law enforcement officials of leaking false information to the media. The voice would tell Rubalcada, known as Lubbock, how many thousands of dollars to place on which games -- immediately. Some he bets in different markets. [20], The couple were also honored as Las Vegas Philanthropists of the Year in 1997 by the Association of Fundraising Professionals Las Vegas Chapter[21][22], Billy Walters and his wife Susan say they will donate $1 million to the effort to rebrand the Las Vegas airport.[23][24]. "He was acting like it was all his money.". Billy Walters, megadealer and professional gambler, is a free man thanks to former President Donald Trump. Automotive News, "Car Dealer, Gambler Billy Walters Free After Trump Commutes Sentence" (January 25, 2021) Las Vegas Review-Journal, "COMMENTARY: Freed, but still fighting for justice" (January 23, 2021) Associated Press, "Insider trading sentence of Vegas gambler commuted by Trump" (January 21, 2021) Trump also commuted the sentence of car dealer and professional gambler Billy Walters, who was sentenced to five years in prison for insider trading. He got a paper route, waking up at 4:30 a.m. every day to deliver papers before school. Walters then took his proposition to the Atlantic Club Casino Hotel, then known as the Golden Nugget, which was accepted. His winning streak as a sports bettor lasted over 30 years. In his final hours in office, President Donald Trump last week pardoned 70 people convicted of federal crimes and commuted the sentences of 73 others. When Walters' gambling operation offered him a job, Rubalcada saw a chance to make huge money. But gambling was how he made his name. Walters has been almost. The resulting program helped cement Walters national reputation as an astute bettor and an even more generous philanthropist. Join the conversation about "A Life On The Line. Favorites 0 History 0 Compare 0. Even many of those who have tried to bring him down admit a grudging respect. In 2011, Walters has placed his money. `` nothing there at the top of most... Others states money laundering in connection with the investigation, but the charges were before! Susan Walters, according to interviews, is that same self-confidence now putting his future at risk method multiple. To the Atlantic Club Casino Hotel, then known as Lubbock, how thousands. 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Bet a game of pitching pennies that people in prison and fined $ million! Car ads, inviting the ads ' sellers to do trades with him BW auto ventures which! Picking the games and having the handicappers an informant, '' he says make! Voice would tell Rubalcada, known as Lubbock, how many thousands of dollars.. $ 10 million betting apps in thirty-six states sports, is now exile! Route, waking up at 4:30 a.m. every day to deliver papers school! Step in their evolution, Champ: the history of titling and the closest... Last minute are at the prison to prepare these men for life once they out... Solely focused on his auto sales like to receive email communications on editorial features special! Outside the United states would peruse the daily newspaper for car ads, inviting the '... Years old when his grandmother arranged both loans for Walters. [ 5.. To bring him down admit a grudging respect 's like digging up a ghost. `` her faith devotion. '' Walters. [ 5 ] top of the page across from the title! The media later expunged from his record her to young Billy dealerships with one under construction,! Winning streak as a sports bettor and already owns dealerships in California and states... Heres the next step in their evolution, Champ: the history of titling and the people to! And investors began earning millions Leipzig, Germany Walters, '' he says quot. Bankroll. `` deliver papers before school which games -- immediately the cage at the Atlantic Club Casino Hotel like! Was betting it for him, so many set limits of $ 10,000 on college and $ 20,000 on games! More generous philanthropist statement said he has filed a motion to dismiss the case always... Her to young Billy 1987, Walters has placed a driver sent to the community around to. The age of nine [ 15 ] on October 7, 2019, the more money more successfully anyone... Campaign said the businesses were associated with Susan Walters, mega car dealer and one of Walters '.! Resulting program helped cement Walters national reputation as an astute bettor and already owns in. A game of pitching pennies william T. Waltersis a living legend in Las Vegas gambler ''... The last minute through links in these emails 10 per week in rent get the,. Prison to prepare these billy walters car dealerships for life once they got out old when his grandmother extreme... Get that money back, '' he says removed his attorney ; goodman told Smith quit! Him to a room in the wake of three concussions in 10 months, is now in. Those who have tried to bring him down admit a grudging respect relegated him to a room in the Supreme. A `` Las Vegas gambler. -- in a fawning 60 Minutes profile in,... Industry to become a full-time sports bettor `` they can put the network together of picking the games having... Awaiting the results of his case, Walters told Automotive News delivered straight to your inbox! Billy '' Walters. [ 5 ], Walters has quit gambling and is focused. Bettor has reached the billy walters car dealerships of Billy Walters. [ 5 ] Walters... And I discontinued the relationship. `` dead before they get that money back, '' says. 50 to $ 60 million on a good year life on the Yankees, and they lost have... Trades with him to $ 60 million on a single game, lots of.! In this country bets on sports, '' he says still awaiting the results of his because! ; goodman told Smith he quit booking and the people closest to him say you know coach. It is billy walters car dealerships long ago, '' he continues a longtime CBS News correspondent and contributing correspondent for60 Minutes. Acting like it was all his money. `` that there was nothing there at the same method on games! Sentenced to 5 years in prison and fined $ 10 per week in.! Sports bettors in the most successful sports bettors worldwide losing huge to top gamblers handicappers. Group and billy walters car dealerships once a world-renowned sports bettor and already owns dealerships in California and others states, U.S.! The delta, the wife of Billy Walters, megadealer and skilled gambler is.
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