Billy Walters Talks Phil Mickelson, Sports Betting Secrets & New Book "Gambler" in Latest Interview
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- čas přidán 8. 05. 2024
- Widely considered the greatest gambler of all-time, sports betting legend Billy Walters sits down with Action Network's Darren Rovell to discuss his gambling relationship with PGA and LIV Tour golfer Phil Mickelson, his new book "Gambler," imprisonment for insider trading and secrets of the sports betting world in this exclusive interview.
00:00 - Who Is Billy Walters?
01:20 - Billy's First Bets
03:35 - Stock Market vs Sports Betting
06:28 - Betting Philosophies & Methods
10:00 - Trusting Others
12:15 - Adapting & Change
14:03 - Easiest Sport To Bet On?
14:47 - Legalization & Bookmakers
22:14 - Going To Prison At 71 Years Old
23:42 - Phil Mickelson
29:20 - Billy's Power Ratings
30:36 - Bet $3.5M On The Super Bowl
31:45 - Worst Beats
33:04 - Games Being Fixed?
35:12 - How Would You Fair Today?
40:00 - Best NFL Insight
40:38 - Athletes Betting On Themselves
41:36 - Looking Back
#sportsbetting #sportsgambling #gambler
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What a sincere man, his laugh is infectious. The way he jumped out of his seat at the end to shake your hand, what a humble and kind person!
Just read Billy Walters bio.........great book............This guy is the GOAT of sports gambling!!!!! He REALLY is!!!!
He moved a ton of $$ on a weekly basis betting sports no doubt about that best ever however is open for debate
Nick Cage needs to play this guy in a biopic ! Someone call Scorsese!
Cage is a horrible actor
Cage is an absolute garbage actor.
I was thinking more of De Niro but you got the director right!!
A movie about gambling and money directed by Scorsese would only be right if it starred him lol
Legend! Great interview!
I love, "take your business to walgreens" my father who got to vegas in 1963 from new Orleans, used that line all the time, not sure if it was just a line used around gambling, or just a southern saying, but still makes laugh to this day.
Got to love the big sports betting action you get in Vegas. Insider trading is the ultimate edge but it's very easy to get caught when greed is involved.
I was a Bookie at Santa Anita Race & Sports Book until Federal Marshalls shut us down December 19, 1985. They came in with weapons drawn while I was working the phones.
Excellent interview
I like this guy. Great interview. He doesn’t talk down to anybody. I’m buying the book.
Bill is a major PHILANTHROPIST NATIONALLY...VEGAS,KY, & MANY OTHER PLACES & CAUSES..THANKS BILL & MRS WALTERS..
I ordered the book but was able to check out the CD version.. excellent advice..
Legend. Picking up the book
Great interview.
GREAT INTERVIEW, THE ENDING WAS BEAUTIFUL. ✌💙
good interview!
😂oh my days that was SO entertaining, just gained a new subscriber 😊
Great interview with a legend.
great interview..
Fascinating man, thanks for sharing, I will be getting his new book 👍
Use to caddie for Mr. Walters at his Royal Links golf course... never got into betting strategies with him at the books. But he's the best of all time, how ever he does it.
Good ol Mr. Waters
Curious how much he tipped you? I caddied for him once at Shadow Creek and he tipped me $1000 along with four passes to play any course he owned.
@steveludwig4200 Nice... I didn't ever make this amount. But it was his own course which he played often... so next caddie up kinda thing. We made great money overall at the course but he also let us play as much as we wanted... so he took care of us in this way as well.
@@Hempdog Free golf can save a LOT of money!
I was his personal caddy when he and Phil got started
Great interview
the sports betting whale in vegas is also made alot with round robins and other bets and his agency sends out emails the whale is amazing and has been banned sometimes for winning
He lived a great life
Read the book and it was amazing. A true American legend!
Did he write it himself
What book
@@baopham9703 Obviously had a co-author.......Great book! Just read it..........Should make it a movie.......This guy is unreal..........What a story!
Great fascinating life!
Read the book in 3 days!
Great read!
Unreal life!
This is a Amazing Guy❤
Thats why i live bet and tyry not to make over 1000 a day and spread it out over 6 sportsbook and loose on purpose on every single one..Great interview
LEGEND
The Michael Jordan of sports betting…
Legend
The irony of that, cause Michael Jordan had a major gambling problem
The LeBron of sports betting 🫵🏿🤡
Billy Walters is the god of sports Gambler.
Worked out of a boiler room "sports tips" hotline on Long Island NY in the 90's. We made a killing. Knicks / Yankees were hot and we had a business inside of the line movement. Guys would bet big during the playoffs! Crazy times. Degenerates is where the money is at.
He has no ego and that is rare which makes him so engaging
This guy lived the life I dream of, except for the prison stint.
a little prison never hurt no one
Trials and tribulations! if you maintain an overall positive mental attitude on average, you'll be strong enough to get through the worst case scenarios possibly imaginable to man. A dark experience like that will motivate you to appreciate your life, freedom and possible opportunities more than you would ever imagine and solidify what it really means to be fortunate. What doesn't break you, makes you!@@jfraz_7720
A little prison time is good character development
Glad to hear he's building a new house in Louisville..see you at the track BILL..
Good job on interview and insightful guest, I will pick up the book! To say there's no fixing in professional sports is a joke at this point if you watch sports without emotions, so there this gentleman is either in on the BS and got crazy lucky! if you're going to bet stay away from the public at all cost or just pass
😂
Would of liked to hear his insights on Pete Rose
So glad i live in the uk where gambling isnt taxed! They did away with tax year's and year's ago
no one can twll many dogs have won inbaseball sometimes many in a nite especially oakland as
seems like a top bloke ...loved it
Americans aren’t “blokes”.
I can’t wait for this movie come out 👌
I might get his book tooo. Place bets in my free time everyday and have fun doing it
Love royal links. We used to play with the shuffle master guys
What I want to know is WHEN is the movie coming out? Billy Bob Thornton has to be anxiously awaiting the phone call to play this man and tell the story of his life!
It is the same with investing in stocks. Put more money into the stock you believe in. Don't over-diversify.
Correct. Warren Buffett has a very small portfolio.........You wanna diversify buy a mutual fund or ETF!!!!
At minute 6, that theory was written by Mason malmuth in Gambling theory and other topics. Non self weighted theory.
Left Nostril the one of choice????? (His left)
To me sports betting takes to much time & research, to be good. So probably like most of us we do it for fun. Bookies like that.
we're the clowns that built vegas
Thanks to Google Earth, I think he's in the Circa, on the west side of the building, in a south facing room, maybe about six floors above the floor that's level with the top of the jumbo TV outside.
GO ALL IN!!!
Legend
its amazing to me that after tax & paying runners annual check that he amassed that much money..insights to excellent business management skills..car biz taught us both well..one of my favorite people..
You're being a little mislead here. the bulk of Billy's money did not come as a direct result of sports betting, he won a poker tournament in 1986 for $175,000 and im guessing had built up a decent bankroll at which time he admits to retiring from poker and using that money for real estate and to build a golf club, he then years later used the same land the course was on and redeveloped it into extremely expensive housing development that made him something like $100 million dollars. When you sit back and realize that when he went to jail he also was ordered to pay the government back $43 million dollars in insider trader case he was busted on. Which is probably telling you.... that he was just using his wealth from his other various ventures for most of the very high stakes gambling he was doing, before that he wasn't using runners and all of that. I like Billy but you're being told a fairy tale. You don't make $200 million dollars betting sports, even if you could max bet millions every single day of your life you would not get to that number. He straight up told you in this interview that he purposely avoided the media at all costs as a strategy, well now that's all were seeing, wouldn't you believe that this is also a very specific strategy? He will lead you to believe he's a hooker with a heart of gold, but even his friends called him a degenerate gambler, an alcoholic and a person that has literally 0.0% money management skills. White lies is what they are called mixed with a fairy tale story. But the overwhelming majority of all his money, ALL of it, came from real estate and all the golf courses he eventually went on to buy and sell. You really think you're making $200m dollars betting sports? LOL Cmon man.
I remember another story where he said the most he ever won golfing was $1m but quickly goes on that he lost it all playing blackjack that night, showing you that he's all action 100% of the time. He once when he was young and first married gambled his house and lost it and had to go home to tell his wife to pack because they have to leave. He has a good work ethic and a strong business mind but definitely just an action guy, which makes it even more unlikely that he's "the worlds greatest sports bettor" Probably at best above average in a time where you could spot way more angles and the lines aren't going to be nearly as saturated as they are today.
I am in the UK so have no idea about gambling in the states my advice is try and work out what odds you think an event should be and if you can get over those odds then have a bet.
No sht🤩
Isn't software setting all the lines? I guess I don't understand his bookmaking references as far as individuals who run them.
He's talking about books that don't take sharp action and why it's important/smart for books to take sharp money so they can use that information to adjust their lines.
Billy you’re my hero. But I got TSLA stock and it’s been Goooood
everything's good , until it isn't . btw : tesla's run has concluded . market is over , saturated with e vehicles now .
@@ccarrera951 ha!
He's looking for action, to win money in 3 hours or less. The only long-term investment he makes is future bets in the NFL which takes about 18 weeks to win or lose
I remember when it was rumored that Billy was on Wisconsin, the year they had Ron Dayne, moved the line 6 points.
I’ve never known anyone who even semi-regularly bet that ended up ahead, usually the opposite. It’s why I don’t bet.
the spread with wisconsin is almost always favorable. easy money.
@@mark8337 investing is always about managing risk. plenty of people make money betting semi regularly, regulary or full time. like all capital speculation you need a strategy and must be consistent.
That’s why the sportsbook love them so much and on-line they offer bonus payments on a win..it’s just to hard.
I HIT A DOWNTOWN CASINO UP FOR $16K ON $80 IN BETS ON A 5,6, TWO 7, TWO 8 & TWO 9 TEAM 1/2 POINT PARLAYS AND THEY ARE STILL BUTT HURT OVER IT.
Does the book actually show you how to win in Sportsbetting, as far as what to look for on lines, etc ?????
its a book for chumps , u gonna bet like its in 1980? everythign is online now and stats are available for u , gambling is all about money management , dont bother listening to this old fart
Is Billy saying take the team that played on Monday night at +8 if they’re on the road?
No, he's saying if they played on Monday night, then they're playing on a short week on the road, they're at a disadvantage. Possibly 8 points, or -8 on the power rating
The Godfather, The GOAT, Untouchable, in a league of his own.
The godfather of sportsbetting
Killed on on CBB parlays early this year n last. 3x 6-8 team parlays. Won $2k+ 3months in a row. My win $$$ far outweighed my loss, but my winning % sucked. Parlays are rough. Hes 100% right
@frankrizzo5155 Long term it is mathematically impossible to come out ahead in parlays. Most people like you can’t understand basic math that’s why you’ll never be profitable.
This guy just dropped str8 game 🔒🔒
He has to know that DraftKings and FanDuel are sponsoring these leagues and I just have a hard time believing that they are giving these leagues tons of advertising money and not asking for any favors. NFL Football stars have come out and said that it’s scripted and it may or may not be, but why would they lie about it. I think it would be impossible for them to fix every sport and every game unless that league is involved and making booku bucks $$$ I’m just having trouble trusting the nfl this year because of certain aspects that are changing.
What players said it was fixed?
It would be impossible to (fix) games. That’s a fairy tale. At least in football. Can one player or official try to affect the outcome? Yes of course. But the idea there’s all these moving parts playing along. No. You would know definitively in short order if there was a concerted group effort to fix games. Anyone who believes that probably still doesn’t know Santa isn’t real.
@@jamesmathews858 they only need one ref or one important player to make a few mistakes. If you got told to drop a few passes for $1,000,000 you would definitely take it. The amount of money on the line is immense.
Blandino came out today and said as much
True legend
info means nothing they can sit on a ball and run out the clock and not make total or spread
I know Stevin “Headache” smith, my mother was dating him when he was in high school at Spruce in Dallas. Then when he went to college, I remember very young going to the Mavericks game. Now that I’m older & gamble I didn’t have no clue he was involve until I saw a interview talking about him. And I immediately called my mother & she said he was involved with the Chicago Mafia. If you want a interview with him, I can make that happen. “No cap” headache was like a father to me & ask about me often
shoutout to Walters
If he ever gets a flat tire we know where he can get a spare .
What's without a losing 'record' ? Don't care how good someone is,a gambler who does it often, not losing at all in 40 days would be an achievement (edit....was it prison record?😊)
Foxbets last year was leaving bets up .. say like cee.dee lamb scored the 2nd td in a dallas game.. after he would score they would still leave the bet up..also in other sports like soccer where the odds were bigger... idk what its called i called it a hanging bet or just a f up.. but they closed down their sport betting this year i was capped twice so by the end i was only able to place like 3 dollars on a parlay lol
In the JRE podcast he said $4.5M on that saints super bowl game. Here he said $3.5M on the same game
I noticed that as well
Futures
I would love to help Mr. Walters beat the bookies, I would move to vegas in a heart beat.
He 100% right! The books are shutting down accounts on a lot of people who are winning even small amounts It’s pathetic and unethical. The books are still running the business like there dealing with hustlers and criminals.
Explain ?? Betting site like FanDuel ??
@@richyung5524 they will let u bet large amounts of money only if you're a losing sports bettor.
The minute they see u start beating the line, or found the right formula to win consistently. Then they'll cut your limits to pennies.
They won't even give u chance to win your money back.
FanDuel is owned by Flutter Entertainment, in the UK they own the brands paddy power, betfair, sky bet etc,. I opened a paddy power account, placed 10 bets that were sharp and got restricted to tiny stakes, might not be happening in the us right now because they are still growing but they will eventually limit all sports bettors who aren't long term losers.@@richyung5524
A smart better has hundreds of books they can bet with, if they're betting multiple sports. They're not all going to shut you down
Im adding Denmark to win. Win or loose be responsible guys 💪
Billy I hear the guy who was your #1 guy for the longest ain’t doing to well
And it breaks my heart
What are you doing about it or what are you going to do about it?
ehh , what?
I don’t bet. I never have known anyone who even semi-regularly bets that’s ahead. Usually the opposite. It’s a dream tax.
sprtsbetting whale in vegas is up over 30 mill
@@rogerrosen2323 Will NEVER last...........it never does!!!!
Billy said it's 1% that can win. So if you only know 99 people that bet, you may not know that one person that does win
@@teambitcoin7530 That was my point. You made it. A 99% loss endeavor is not a wise endeavor. It’s like you’re a high school football player forsaking your classroom work and then college classroom work because you’re betting on making it to the NFL. Not a wise way to look at things.
The term greatest is open for debate moved a great deal of money on weekly basis,sure but the rest again is open for debate
When did he eat if it wasn't the prison cafeteria? Quick runs to McDonalds? Jack in the Box? Wendys?
Legend 🎉❤💪👌👍💯✔️🤲🤲🤲🤲🤲🤲
The the real winning gamblers over the long term are very few as we all know & the best ones have very little ego & dont tell anyone..just sayin
Billy bob thorton must play him
IN UK WINNING BETS ARE TAX FREE
For all the young men and older men watching this (older men who still possess enough humility to listen and learn)
Sports betting will ruin your life. Avoid it. And build wealth in any other way. Gambling will ruin you
Great Interview but gambling is a game of luck. Tho some are born to be more lucky than others in life, that's don't make it a predictable game unless you have special tricks attached.
He's not really gambling. He's betting with an edge due to superior information and skill
❤
3:24
He danced around the question about what sport is easiest to bet on, he didn’t want to tell us , I would have liked to heard a answer
@@vincevegas8529if you believe that you're the worst punter ever.
False…
@@vincevegas8529 so are you claiming Billy has not won millions but has gained money by other means? Your whole view is logically flawed.
MMA is the easiest to bet on now only because it's so new and the oddsmakers don't know what they're doing most of the time
Still college basketball.
Does he sell his bets ?
No
how many players did he paid to fix games? I dunnno but so much power i just see people going rogue and not angels
Zero
I have strong strategies then Billy that was old school
He said 4.5 mil on rogan podcast....
Keep rolling mofo❤
Hey Billy
The casinos will run you out for winning! Talking from experience
I may bet on my self losing
Football and blacksketball has changed. Once they are prepaid millions of dollars for work they dont need to do because of guaranteed money and the lack of skilled players they take games off and care more about mansions cool cars fancy clothing jewelry tattoos daily barbershop visits rims trades contracts fashion shows and other materialistic crap.
casinos throwout winning blackjack players all the time
That's simple known math, not the same
If you're counting cards and you win, you're going to get backed off. That's part of the game. The casinos have the right to exclude anybody they want. It's only in Atlantic City. I believe that they can't back you off for counting cards. That's what I've heard anyway
On Rogan it was 4.5 million
I've been betting baccarat 16 yrs, lost appro. 600,000$ and I've practicing over 8,000 shoes. Finally I've got winning edge twice of Walter's. I'll be billionaire!!
What are you trying to sell.. cuz obviously what you said is a lie
@@jmtolerico thanks for reminding me, I can sell and make millions that I haven't thought
@@siangiumienhhleix2239 didn't quite follow that
u tube video guy banned for winning 11 million
App that predict sure bet for 2024
🎉
I'd never be stupid enough to buy his book but good interview; Trick to sportsbetting is either flip a coin or wait til an hour before closing and bet the opposite side of the public; Sportsbooks can't win consistently if the majority wins
You obviously don't know just how great of a handicapper this guy is... it's not even close. Inside info all day every day and he parlayed his gambling into tens of millions, if not hundreds of millions... no pun intended 💯
@@Hempdog I get it but at the end of the day it's all just luck; the ball bounces 1 other way and the other side wins; I wonder if billy is going public to lure in more bettors to fail for the casinos so they get even stronger; Trust me, flip a coin and bet
thats why ive always thought it was rigged. the rate at wihch the house beats the public goes beyond the odds of probability
It's not rigged. The sportsbooks give out bad odds because of the vig/juice they charge on every bet. That's why 99% of bettors lose money long term. You either have to build better models than the sportsbooks or identify market inefficiencies in the odds. Billy did both.
You are a fool who doesn’t understand anything about betting ❤
That high belt and shirt aren’t doing him any favors
4.5 or 3.5
The nfl is like the wwe. Every play and game is planned. The referees strep in if things go off course- like the last Super Bowl. What was that last call? Billy just needed to get his hands on inside info.
It’s true. The Chiefs were the victims of this last night against the Lions.
The NFL is technically an entertainment business not a sport. You can look it up.
sometimes they need a td for the over and sit on it the players do not care about the betters
You are partly right. The NFL does instruct refs to make certain calls....primarily to keep games close.........so people continue to watch........All about TV viewers!!!!
If you're on the winning side of the bet, you don't care if the game is fixed or not
This does not mean you can all be successful gamblers it requires skill and talent like everything else
You're absolutely right. His book isn't going to teach you how to win. It's going to help you to possibly win