Billy Walters is out of jail

[arniesarmy]

LAS VEGAS (AP) — A prominent Las Vegas professional gambler who was convicted and sentenced in New York in a federal insider trading case linked to pro golfer Phil Mickelson and Dallas-based Dean Foods Co. has been released to home confinement in the San Diego area, his attorney said.

William “Billy” Walters was released from a federal prison camp in Pensacola, Florida, under a prison coronavirus release program and arrived Friday in California to serve the remainder of his five-year sentence for fraud and conspiracy, attorney Richard Wright said.
Walters was classified as at-risk under a Bureau of Prisons program to move inmates to avoid the spread of the virus causing the COVID-19 respiratory illness, Wright said in Las Vegas.
Walters, now 73, was found guilty in 2017 of using information from then-Dean Foods chairman Thomas Davis to amass what prosecutors said amounted to more than $40 million in illegal profits during eight years of stock trades.
Davis was convicted in the federal case and sentenced in 2017 to two years in prison.
Michelson, who authorities said had owed gambling debts to Walters, forfeited $1 million to settle a federal Securities and Exchange Commission civil case. He was not charged criminally.
The judge who sentenced Walters also fined him $10 million after noting his fame and philanthropy in Las Vegas and ownership of a private plane, a $17 million West Coast home and $175 million in earnings from 2011 to 2015.

 

[HamGlaze]

Ha hA! The “Real” Gordon Gekko is on the loose in some cushy pad in San Diego. His time for information is done guys. A real life Wall Street movie, if you were a fan. I was.

 

[HamGlaze]

Wouldn’t doubt if a movie or a well done documentary is done about him at some point.

 

[VIEJODINOSAUR]

He would have destroyed the market in the states the past year.....these outs in the states don’t have enough qualified people to keep up with him...

 

[TheComputerGroup]

Wouldn’t doubt if a movie or a well done documentary is done about him at some point.

Yeah, I thought a movie or documentary should have been done on him a few years ago .......

 

[fightgood]

The piece that 60 Minutes did on him a few years ago was really good. They should do a follow-up but I doubt he'd agree to it

 

[tatehill2000]

He would have destroyed the market in the states the past year.....these outs in the states don’t have enough qualified people to keep up with him...

​You really think so Viejo? it seems like YES,,, there are less Outs for sure,, but everyone is pretty much Copying the 2-3 leaders,, no more no less,, Ya know?

 

[5teamparlay]

Just finished Gambler- Secreta From a Life at Risk

Billy’s Autobiography- good read


NEW YORK TIMES BESTSELLER * “An insightful read…Walters is a larger-than-life character.” —Sports Illustrated * “This book is going to become the sports gambling bible…The formula’s in the book.” —Pat McAfee

The wild and massively entertaining autobiography of Billy Walters—“the greatest and most controversial sports gambler ever” (ESPN)—who shares his extraordinary life story, reveals the secrets to his fiercely protected betting system, and breaks his silence about Phil Mickelson.

Anybody can get lucky. Nobody controls the odds like Billy Walters. Widely regarded as “the Michael Jordan of sports betting,” Walters is a living legend in Las Vegas and among sports bettors worldwide. With an unmatched winning streak of thirty-six consecutive years, Walters has become fabulously wealthy by placing hundreds of millions of dollars a year in gross wagers, including one Super Bowl bet of $3.5 million alone. Competitors desperate to crack his betting techniques have tried hacking his phones, cloning his beepers, rifling through his trash, and bribing his employees. Now, after decades of avoiding the spotlight and fiercely protecting the keys to his success, Walters has reached the age where he wants to pass along his wisdom to future generations of sports bettors.

Gambler is more than a traditional autobiography. In addition to sharing his against-all-odds American Dream story, Walters reveals in granular detail the secrets of his proprietary betting system, which will serve as a master class for anyone who wants to improve their odds at betting on sports. Walters also breaks his silence about his long and complicated relationship with Hall of Fame professional golfer Phil Mickelson.

On a typical weekend gameday packed with college and pro sports, Walters will bet $20 million. It’s a small sum for someone with his resources today, but an unbelievable fortune for the child who was raised by his grandmother in extreme poverty in rural Kentucky. By the age of nine, Walters became a shark at hustling pool and pitching pennies. As a young adult, he set records as a used-car salesman, hustled golf, and dabbled in bookmaking. He eventually moved to Las Vegas, where he revolutionized sports betting strategy and became a member of the famed Computer Group, the first syndicate to apply algorithms and data analysis to sports gambling. He built a fortune while overcoming addictions and outmaneuvering organized crime figures made infamous by Martin Scorsese’s film Casino.