He bets on football and basketball, is worth hundreds of millions of dollars, and has been so successful that many Las Vegas bookmakers are afraid to even take his bets.

“I’ll take 15,” Walters countered.

Asked what his biggest win was on a round of golf, Walters said, “Probably a million bucks, around a million dollars.”

“Yes. Believe me,” McCarlie added.

The Super Bowl: America’s Biggest Bet

More people bet on the Super Bowl than any other sporting event. Now, he’s a very wealthy man,” Walters replied.

“You got it for a dime!” Walters agreed.

Walters has been almost as elusive as Howard Hughes, avoiding publicity, reluctant to reveal his secrets. So, how does a professional gambler approach the big game?

He gambled on the Super Bowl last year and won $3.5 million. Most bettors come to a sports book inside the casino, to lay their bets, wagering $2.5 billion dollars every year. Small potatoes for Walters.

The Gambler

Extra: The “Keyser Soze” of Las Vegas?

Extra: Billy Walters’ Analytics

Extra: The $3.5 Million Bet

“He is,” both men replied simultaneously, laughing.

“What’s the most you’ve ever made on a hole?” Logan asked.

“Ten,” McCarlie said.. I never got to bed to with it. Nevada is the only state in the country where taking bets on individual games is legal. And he showed us how the hustle worked with m88a Gene McCarlie, an old friend and casino owner.

“Who’s the better golfer?” correspondent Lara Logan asked Walters and McCarlie on a golf course.

But after 30 years of unprecedented success, the man who calls himself a Kentucky hillbilly agreed for the first time to open the door into his betting life in Las Vegas – a life he describes as one long hustle – in betting parlors, in pool rooms and on the golf course.

Walters just missed a 60-foot putt, but after only three holes, he was up $17,000. But there are some high rollers who consistently win, and it’s hard to find anyone better at winning than Billy Walters.

Asked if there’s anything he doesn’t gamble on, Walters replied, “Not really.”

On the day we went along, the two buddies decided to play for $5,000 a hole, with a few side bets along the way. Had no air conditioning. I lost it all in the Horseshoe Hotel playing blackjack before I went to bed,” he replied.

“Five-to-one for birdie,” McCarlie replied.

“By far.

“Probably $400,000,” Walters said.

“That’s a lot of money,” Logan remarked.

When Walters golfs, it’s mostly for fun. He used to make his living off it.

“What’s the price?” Walters asked.

“How much money have you taken off him over the years?” Logan asked.

© 2011 CBS.

When it comes to gambling, everybody knows the house has the advantage. All rights reserved.

“When I met him, he was driving an old Cadillac full of bullet holes


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