In a 60 Minutes interview, Billy Walters told the beautiful Lara Logan that Wall Street was the worst bet he ever made. The Las Vegas Hustler says that Sports Betting doesn't deserve its' bad reputation and that Wall Street is much worse. Learn how to win and profit like Billy Walters. Billy Walters Practices Bankroll Management
Walters uses the data from his systems to come up with his own lines and then bets on the differences. He varies his bet amount by how much different his own line is from the sportsbook’s line. He mentions that he had won a record amount on the Saints/Colts Superbowl: $3.5M. Clearly he took advantage of substantial differences in his own projections vs. the oddsmakers and the higher betting limits that a Superb Bowl allows. Billy Walters Is Very Astute About Line Moves For anyone paying attention, this was the real revelation about the program. Walters was speaking to one of his beards on the phone (guys who place bets for him) and he was very strict saying that if a casino would allow him a half point, he would play, and if not he would hold off. Line moves are the #1 way for a bettor to beat the house, without question. To do some math, remember that as the bettor, you are risking money in the proportion of $110 to win $100 when you bet. Therefore you need to win approximately 52.4% of the time to win money. Line moves give you an opportunity to blow these odds out of the water. Even if your system was flipping a coin, picking up an extra point in the NFL would give you an extra 4.6-6.0 percent chance of winning – meaning just by being astute about shopping for lines, you have increased your chances from 50% to around 55% on each game which over the course of a season will lead to huge returns. In the NBA, a point is even more pronounced, giving the gambler an extra 5.8-6.6% advantage. Realizing how the numbers are stacked in a line shopper’s favor, it is no wonder that Billy Walters was so emphatic and disciplined about a half point… Our take away While Billy Walters didn’t give away the farm regarding his betting philosophy, it was nice to see such a big fish in our little corner of the world, sports betting, get some mainstream airtime. While Walters let on that he was serious about system betting, and we believe him, he offered little into what criteria he considers when looking for an advantage. The most telling part was what he said to his beard about line shopping: he was very serious about gaining an advantage from line moves. The numbers bear him out: Line Moves are the number one way to profit in Sport Betting. Take that to the bank! |