OK, just watched Billy Walters on 60 Minutes............

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THINK OUTSIDE THE BOX.
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So how's he do it?

What is he looking at that no one else seems to have figured out?
 

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More hustla in wall street than gambling in vegas. Well, he admitted that he wil have losing weeks, months and days but never losing years. Sums up the attitude of a person who knows how to make money on this industry.
 

THINK OUTSIDE THE BOX.
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This post was about as effective as that 60minutes piece in getting answers....lol.

Any guesses?
 

THINK OUTSIDE THE BOX.
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OK, I guess the better questions are as follows:

1- Is Walters handicapping these games or does he rely on inside info?

2- How has Walters continually adjusted every year to stay ahead of the game, linesmakers, and books?
 

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I just had chicken for dinner. I wonder if BW had chicken or feathers today?
 

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Its a good question Wolf brings u pthough.

What is he doing so well that others can't? Its not like hedge funds or some other industry where there are TONS of successful people. In sports betting there are very few multimillionaires making their $ off sports betting.

I'd imagine you would run into a lot of problems when you started betting bigger like limits, being cut off, your picks leaking out and moving the lines before you can get all you want down on it, etc
 

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Handicapper
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Its a good question Wolf brings u pthough.

What is he doing so well that others can't? Its not like hedge funds or some other industry where there are TONS of successful people. In sports betting there are very few multimillionaires making their $ off sports betting.

I'd imagine you would run into a lot of problems when you started betting bigger like limits, being cut off, your picks leaking out and moving the lines before you can get all you want down on it, etc

He's got a good team and plenty of capital
 

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walters ran into the right people at the right time....some sharp guys that had some coin that could influence the industry.
 

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He's got a good team and plenty of capital

Yeah I get that. Goes w/o saying.

How can he effectively deploy all that capital though? Millions on games. Lets face it, there aren't THAT many outs for someone to deploy that type of money consistently year after year and not get shutoff. Especially considering how the softest lines are overnights and those get pounded into place for much smaller stakes than what he is betting.

Reno, any other insight into his operation? Is he a capper, does he bet mostly at WA lines? I'd assume he beats the spread a lot but its 2010 and the sprots betting market has been more efficient cause of the internet for like 8-10 years now.
 

Professional At All Times
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Didn't you guys hear him when he said he has a whole team of analysts that have been with him for 30 years that break down all the details for him of all the games and provide it to him? He talked about the one guy that was like a savant that remembers every player in detail, from high school, college, etc. He said "information" was his key to success. That is being provided by his team to him. He takes that, makes his own lines, as he stated, and then the wider the margin between his line and the books line, he plays stronger. One thing you may have noticed is that he plays a large number of games. Practically the whole NFL card. Take another look at the online link and you'll hear what I'm referring too!
 

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So hes betting around 200 NFL games a year, maybe 300-400 plays when you include totals at -110 at close to WA #s and hes winning? Thats a lot of volume and a lot of $. Wheres he getting all this action down? Why after 20 years if hes making so much hastn he been shutoff? I'm not disputing anything, just a lot of it seems tough to me.

Hell I've won 5 figures a few times and I felt like the site wasn't too thrilled with it and might shut me off...
 

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