Saturday, September 10, 2011

Bill Walters (sports betting phenom) speaks

I've written about Bill Waters, who has made millions off sports betting. Here he speaks about the operations, along with bookmakers who take his bets.

Some interesting points: 

1) Like George Soros, Walters heads a team of specialists in mathematics, physics, and savant sports aficionados who do the groundwork research. He pulls the trigger based on discretion with respect to team recommendations.

2) Walters frequently influences the lines (odds) in similar fashion like high frequency traders influence the order book.

3) Ironically, Walters has lost money trading financials. He was long Enron and Worldcom, OUCH!

0 Reflections: