Against the Rules with Michael Lewis Gambler Billy Walters on the Sharp's Life
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Dec 10, 2024 Billy Walters, a legendary sports bettor and author of *Gambler: Secrets from a Life at Risk*, shares his remarkable journey from a challenging childhood in Kentucky to becoming a millionaire in Las Vegas. He discusses his transformation from impulsive gambling to disciplined strategies shaped by personal hardships. Walters also sheds light on the evolution of sports betting through technology and analytics, as well as the rise of algorithmic betting amidst legal scrutiny. His insights into fantasy sports betting offer a glimpse into the competitive future of the gambling world.
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Early Gambling
- Billy Walters' gambling started early, around age five, with penny nine-ball.
- Gambling was like "sugar" to him, providing a rush he enjoyed.
Rush of Gambling
- Walters enjoyed gambling for the competitive rush and the thrill of winning.
- Even at a young age, he recognized this enjoyment.
Transition to Edge Player
- Walters transitioned from using goal sheets for sports betting to recognizing the importance of an edge.
- His drinking habits hindered his success despite his skill in poker and golf.
