Anyone ever read Smart Money by Michael Konik?

[JRS21386]

Good Book (True Story) about a professional betting syndicate in Vegas... Has been successfully betting for many many years and taking the books for hundreds of thousands a year...

Do yall believe more money could be made if you form your own syndicate?

[Francis Sollozzo]

Kid

The money is in moving the number where you want it

[JRS21386]

Yea thats basically what they did... Actually he would take a side, and see if the line would move in his favor, to give him an even better shot at winning the games... The guy he runs for is actually banned frmo the books, this guy actually gets others to make the bets for him now... Impressive..

[BAUS]

Feel like bumping this one. Re-reading it for the 2nd time and have a question for some of the guys who have been around the offshore since the beginning.

The author refers to a book called "Nautica" frequently. What book is that?

BAUS

[BAUS]

Anyone?

BAUS

[MoneySportsGuy]

Yeah I read the book, it was very interesting. Have so many questions on it, curious about some of the figures in the book etc. Interesting to try and find out who is who in real life related to that...

[SlickFazzer]

Based on Billy Walters.

[MoneySportsGuy]

How do you know that Slick? Not being rude just curious as it was first book read about sportsbetting etc and thought it was great, finished it not long ago, and looking for some other books to read and gain further knowledge on.

[JRS21386]

Wouldnt that be the life, to do that for a living, making that kinda money

[MoneySportsGuy]

It was for them, they did very well, even the author crazy amount he really made, would love to see bank statements for that stuff

[JRS21386]

Well that guy didn't do it on his own, if i remember correctly he was the head guy of a group of about 4? If you get four guys together who know their shit i dont understand why anyone couldn't make that kind of money

[SlickFazzer]

I was nearly positive it was based on him and his crew. Then i remember hearing or reading somewhere later that it was based on their operation.

If you are familiar with Alan Boston, one of the most well known cbb handicappers around. He was featured in the book "The Odds". He did some conference calls last year, and a couple this year on betting cbb. In a couple of the calls he made reference to Billy Walters, and how their operation works.

You can find the archives to these calls at SportsConferenceCall.com and BostononBaskets.com, if you are interested in digging though them all for the Billy Walters references.

[MoneySportsGuy]

Who are you referring to when you say head guy? The author was apart of the brain trust, and then eventually he went off and made his own group and made alot of money doing that before cashing out as well because of the threats risks and stress

[MoneySportsGuy]

Cool appreciate it Slick thats pretty cool have to check it out

[JRS21386]

Didn't they use a computer program?

[SlickFazzer]

Didn't they use a computer program?

http://pregame.com/forums/blogs/johnny-detroit/archive/2008/02/22/billy-walters-and-the-story-of-the-computer-group.aspx

[JRS21386]

Thanks Slick!

[JRS21386]

So is it impossible to do this today?

[SlickFazzer]

So is it impossible to do this today?

Walters is still doing business. Still moving large amounts of money. I don't think most people have the financial resources and network to move large amounts like Walters does.

[durito]

So is it impossible to do this today?

There are plenty of groups out there and individuals doing it.

[JRS21386]

This is awesome... To do something like that you would have to live near a book... Vegas..

[MoneySportsGuy]

well yeah but the team probably has guys all over the world/nation depending on logistics etc

[MoneySportsGuy]

I just would like somebody to have a data computer program so I could do that myself it would be sweet. Has to be ways to find out how to do that on internet

[SlickFazzer]

This is awesome... To do something like that you would have to live near a book... Vegas..

Really just a phone. You could be anywhere and when you make the call, your guys put in the plays be it vegas, offshore or where ever.

[MoneySportsGuy]

Yeah that is true Slick

[JRS21386]

awesome... i wanna come up wih my own system

[durito]

It's called hard work.

[TPowell]

what would the best book be to pick up that is still useful today?

[MoneySportsGuy]

I think Smart Money but that is the only one I've read so far.

I reallly need help with creating database, getting old stats, etc, so if somebody wants to team up and work together I am down with it

[JRS21386]

I think Smart Money but that is the only one I've read so far.

I reallly need help with creating database, getting old stats, etc, so if somebody wants to team up and work together I am down with it

I would definately help you, i just dont know how to integrate all of that information into a computer program???

[durito]

I would definately help you, i just dont know how to integrate all of that information into a computer program???

http://forum.sbrforum.com/handicapper-think-tank/

[Matt Rain]

The author refers to a book called "Nautica" frequently. What book is that?

Logically, that would be Cascade.

Summit = Pinnacle
Nautica = Cascade

[TPowell]

what all would you need to start making your own system?

[smitch124]

Book is a good read...He alluded to the fact that NFL teasers were a better play now that results matched up with the lines more and more, but there was no follow up.

[MoneySportsGuy]

what all would you need to start making your own system?

somebody make computer program, enter in stats last 10 years and be able to calculate odds and percentages to see the results and compare to real results