Originally Posted by webairalex

Billy Walters is the man

" Billy Walters, the famous Las Vegas gambler, was the subject of a 60 minutes special Sunday night.

Walters has won millions betting on sports teams and other groups in casinos around Las Vegas over the years. He has been the subject of numerous federal investigations due to his high winning percentage. Walters first became he subject of scrutiny in the 1980's as part of the infamous gambling league, the Computer Group. The group fed data into computers to help make predictions of sports outcomes.

The group was turned over to the federal authorities by Vegas bookmakers after making millions. Walters was indicted four times for winning more than luck would allow but the investigations proved he was operating within the law.

Walters says he began betting at pool halls when he was in his early teens. Around the age of 15, he began winning thousands of dollars playing pool.

The 64-year-old Vegas gambler has become so influential in betting that he is able to change the lines on a game based on his own bets."