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I always thought BW was a fraud. He still can't come up with the $200 to become an SBR Pro.you can get a month of his picks for a mere $5000 a month
http://billywalterssportsbettingpicks.com/Comment -
Ya not so sure he gets most of his money from legit sourcesComment -
you don't have to fill out a form all the time...the $10,000 limit is for the day and not just one bet...
as long as they have you on file (tax id form) than there is not any paperwork to fill out...Comment -
seems like another desperate attempt to take down successful gamblers. i will never do buisness at the Shit Nugget again and the opinion of my government wont change, "can't trust it". its ok for them to have access to wealth, but not us that originated from the streets of poverty. i do believe mr. walters is generous with special causes.Comment -
Again....how do I get a job as being one of his "runners"?
Seems like a great gig.Comment -
The IRS is basically just taking away large sportsbetting syndicates' competitive advantage by making them be 100% transparent to the books about their bets. This all started because the Chicken Nugget doesn't want BW's (or any sharp bets) and he's not allowed to bet there. If Walker goes in and bets 10k+, the federal form asks something like "is this bet all for you or on behalf of someone else?" If he's honest and says "the bets are 1% mine and 99% ACME Sports Group" then Tony knows these are BW's plays and the gig is up for Walker, they are gonna toss him. If he says on the form "no, these bets are 100% mine" then he might be able to bet for another month until the book realizes the board always lights up a few minutes after he wagers.Comment -
Ok, let's say I'm Billy's "partner" (the politically correct term for beard in 2011), and I make 10 wagers for $10k each. All 10 come in. The runner goes in to cash the winning tickets totalling a $100k. I take it he has to fill out an IRS form. So what info does he put on the form? His personal info? At the end of the yr does he have to pay tax on that $100k win, even though he himself is not the one getting the entire $100k? How does this work?Comment -
He doesn't fill out shit. The casino will require him to provide valid ID and his SS# and handle all paperwork. They will ask if he is conducting transactions for himself or as an agent for a 3rd party so they are able to properly fill out a CTRC-N that gets run through compliance and sent on to the IRS.Comment -
BW is one of the biggest crooks in the history of vegas and that is saying a lot. While it might be tax reason there is also all the other money he makes off his illegal activities that they might be trying to zero in on. Just because the guy has all these real estate deals doesnt mean he isnt doing other illegal stuff. Mostly paying off officials and whatnot., And he is being protected for sure at least locally. So I imagine this goes the way of the other stuff they have tried to get him on, which is no where.
But sooner or later someone is going to come forward with all the dirt on this guy, but by then he will be a hundred probably and it wont matter.
The irony is everyone is protecting this guy, but I imagine if they finally got something that stuck he would take down half of Vegas with him on the way. Every official or politician or contractor he ever paid off to get something passed or done in town.
Most crooks eventually get exposed and caught, and the bigger the crook the quicker it usually is, THAT is probably the greatest thing about Billy Walters is that he has fooled so many people for so long just like all these pedophiles running around. But people know the truth, the exposing it is the hardest part, especially when everyone is covering it up that has the power to hold them accountable. But eventually someone cracks and the truth comes out. It will be an interesting story when it does I am sure. But since it isnt about kids and only about gambling and paying off politicians it probably wont garner the media spectacle the other recent stuff has. But for gambling degenerates it will simply be the loss of a living legend.Comment -
The real story will eventually come out... making a vegas wager is legit... runner or no runner. Seems like he's doing some other "sports related" theme on the side... that he didn't pay taxes on.Comment -
They couldnt care less about his sports betting activities. It is just part of the whole package with him. They want to know where the REAL money is coming from and where it is going to.
Is he laundering money? I doubt it, but he is surely getting money from a lot of places he isnt being transparent about.
The problem is now the government is broke so if they can rip a few guys out of a bunch of money in the guise of 'justice' then it is a win win for them. They have been on this guy for along time, but they cant ever make anything stick. So maybe theyre trying a new approach.Comment -
Fallout from appearance.... The world knows who the Michael Jordan of sports betting is! The man is a god. I worked at a sportsbook while in college at UNLV and he truly strikes fear into the sportsbooks like no other.
OGComment -
If the book's limit is 20k on an event, they will take one bet at 20k and then move the line.
The same runner can then bet it again at the new line.
But they won't, because if the group wants to get down more they'll have another runner at a different property simultaneously make the same bet at the desired number.
If the book has a 20k limit, they don't hold the line and then allow a 2nd person to bet it for 20k, and then a 3rd person to bet it for 20k.
They'll take one limit bet and move it.
The initial runner can always ask if they'll take any more for his bet (before moving the line).
If the initial runner bets the limit and they don't move the line, he can always rebet it.
There is no reason to have "a bunch of them" at the same book.
Grits n' Gravy - "His runners ... He has a bunch of them at Hilton...".
The Hilton has a 1k minimum window, to prevent "a bunch of them" from simultaneously making the same bet from 3 different windows.
Not only that, but a manager would have to individually approve each of the limit bets, so even if they didn't have the 1k minimum window, it wouldn't work.
It's apparent that you've never made a limit bet, nor even ever made a bet large enough to need manager approval. Nor ever been told by management at the Hilton book that you need to make your bet at the 1k minimum window for them to accept it.
"To get down as much as possible dumbass."
I see that your main contribution to the forum is juvenile name calling.
Glancing at the first sentence or two from your most recent posts:
"Good to see you are still a retard"
"Easily one of the top 10 dumbest people on the board"
"A polished turd is still a turd"
"The guy is a little douchebag."
To return to the topic at hand:
"He has a bunch of them at Hilton."
Nonsense.
One more internet blowhard.Comment -
If Bill gates, Donald trump, or Marc Cuban or any other guy with a lot of money started trying to move a lot of cash around betting sports it would scare them too. And I am not talking about degenerates like Charles Barkley betting a few games for a lot of cash here and thre, I am talking guys with actually bank rolls able to fire continuously at them from all angles.
Bill gates could be Billy walters times about a thousand. And I supposed people would try and claim Gates was the best sports bettor ever then?
Walters continues to bet sports, or gives the appearance he bets sports because it is an excuse as to where he gets money. So it is a front. He might be losing his ass is sports we dont know, no one knows. But if enough internet idiots or legit sports books keep the guys reputation alive then him getting a couple million from a kick back or a pay off somewhere can easily be attributed to a good weekend.
Either way like I said someone will have to roll over on him for sure before he gets caught. just depends on how greedy he is and how many bad decisions he made in trusting the wrong types of guys with the knowledge.Comment -
I have no idea, the fact that he needs so many guys just to get enough down to make it worth his while shows that he might not be. Thats why I quit betting sports years ago. The market just isnt there to do it 'seriously'.
Like I said a few posts back (or on another site) BW was his worst enemy and anyone else playing the advantage. He let people figure out what he was doing and how he was doing it. Stupid move when you find an advantage. But his worshipers overlook that little fact. Claiming he is good enough to pick a side against any line and win. Which may or may not be true. But in the NFL that is a very difficult thing to do. Betting opportunities just arent there. The limits are, but not the number of plays to overcome bad streaks.
My point has always been why would a guy that can make millions off a real estate deal with no risk still be betting and breaking rules to make those bets when he can do so well in a 'legit' endeavor? And that is why I made the conclusion that most of his stuff isnt legit and he has to have a reason why he makes the money he does and a way to show or hide wins and losses to account for accounts received or processed.
for all the b rains people like to give the guy credit for he is pretty dumb. Not only exposing the loop holes and advantages but also appearing on TV and flaunting his activities. Whioe betting thorugh runners isnt completely illegal, not claiming it is, and that might be the window that they need.
This is a cut and dry case, this isnt a made for TV movie like the other stuff they have tried him on in the past.
All they need to do is connect the guy in question to him in some way and thats it. Might not be a slam dunk, but it surely will be enough to get them in there and look at everything he has or doesnt have and go from there.
The dots in this case are a lot darker and easier to connect. If this guy has no bank account is living in a dump or some weekly rental joint and has no assets or visible means of income then he is done. You dont bet that types of money without resources. So once they get him they have to get him to roll over and say where he got the money or who he was betting for.
But as with everything else the cover up is worse than the crime, had he claimed who or what he was betting for them the worst thing is he wouldnt get the bet down, as it turns out now tit opened this all up to investigation, and thats when it gets interesting.Comment -
Scooter, I truly appreciate you taking the time to research my posts. Every major shop has a 1k and up or VIP window. Not necessary to use it but many like to as the line is shorter. The manager does not approve all big bets. A lot of times it is a supervisor who just got promoted from writer. Working in gaming industry gives me access to info and he does have multiple runners at many properties. They are usually listed as agents for his llc now. The Hilton currently has 7 of his runners listed in their book. If they are all there at once is another story. Where I work he has 3 on the books and 2 were in Sat and Sun betting heavy in cbb and football. If you are in Vegas feel free to look me up and you will retract your view of Internet blowhard. Good luck.Comment -
Grits - Thanks for a more reasoned response than "To get down as much as possible dumbass."
"The manager does not approve all big bets. A lot of times it is a supervisor who just got promoted from writer."
Yes. I used "manager", but should have used "supervisor" in the examples I gave.
If 2 runners of the same group were simultaneously working at the book of the casino you work at, I would've assumed that one of them is waiting to be sent to the next casino on his run.
But if you say this is something you see a lot and they both spend the day at the same casino, then I don't understand why they do that, but I was wrong in believing groups only use 1 runner (at a time) working a book.
"If you are in Vegas feel free to look me up and you will retract your view of Internet blowhard."
Appreciate the invitation.Comment -
I think you are WAY misinformed about BW ... he is an outlier ..like Gates and Cuban in their industry..If you are trying to say he didnt revolutionize the game , you just dont know the deal. And if Gates and Cuban showed up at a sportsbook looking to lay down millions, my guess is the books would take it all.
Quit drinking the Haterade and give a guy his due. He forgot more in the time it took me to make this post about sports betting than you know!Comment -
wantitall4moi is a verified idiotComment -
I don't work in race and sports but have access to the action we get in real time. Some of the groups use multiple runners because casinos will limit the action 1 guy can get down on a specific side/total, the casino doesn't always move number based off runner action, the man in charge of the runners will tell them to keep hitting side/total until it hits a certain number. At some places 1 guy can't handle all of that. Feel free to msg me if you want more info. Good luck.Comment -
I learned not to go after Gritter as far as Vegas is concerned
The fuk checked ran serial numbers on a few betting tickets I posted and actually checked security cameras on my beard that made bets
100% trueComment -
Grits n' Gravy - "Feel free to msg me if you want more info. Good luck."
I may do that in the future. Thanks again.<!-- / message -->Comment -
Move to a gambling friendly country Billy and you wont have to pay any taxes.Comment -
LMAO BW wasnt anything until he hired a bunch of computer guys with remedial (by todays standards) algorithms to help him predict games scores. His betting technique is nothing that anyone with half a brain can do, and THAT hasnt changed since his first sports bet.
The guy was playing in crooked games and on corrked tables for a long time before he turned his attention to sports betting. He made most of his initial seed money in what is basically theft. and went from there.
He has better PR than the Kardashians it seems like. But back in those days a lot of guys did what he did, although they didnt bother with the math models or geek stuff he tried to bring into it. They went by feel, by numbers and by timing. His approach for a while was very successful, but a lot of it has been blown way out of proportion over the years and is now morphed into this mythology.
Sportsbooks in casinos have been for awhile just an outlet, theyre not a serious part of the overall picture, so they dont like anyone winning any amount of money, and he won, as did others, but he tried to break them and embarrass them rather than just taking a nice profit and staying low key. So like I said he was dumb. When the internet came about he found a new hunting ground. Neuvo rich guys who thought they were good enough and rich enough to book bets. And he and other buried them as well.
BW doesnt have the patent on winning, he just has the connections and army of beards to get a lot of action in at once. But at least he has smartened up enough to keep it low key and not advertise it. So he has learned something anyway. Some people think through 'necessity' because he wins, but that isnt the truth.
No one knows the full truth, but I saw enough for myself, and know enough guys who knew him well enough back in the day that talk about it to know enough to not believe half the shit said and put together enough logical thoughts to know that 90% of the stuff said about the guy is complete fabrications.
I would almost put him along side Doyle Brunson in the 'legendary' status list. If BW had as much transparency as Doyle Brunson has most guys would see him for what he is, an aging old man who used to be feared, now he is just another guy you look up to as a 'pioneer' in a romanticized and colorful past time that no matter how many people do it will never be main stream or beyond having scum and thieves taking advantage of it.Comment
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