Re: How many High Stakes EOG Posters would pony up a nice sum of cash to take on the biggest names in the industry?
No different than any other investments people make. Sometimes you set stops in the market to protect yourself, and sometimes in sports betting you hedge or play both sides to g'tee a profit. If everyone could do it, and own golf courses (as Want implies throughout this thread), then they would do it. The fact is, acting as if Walters was just in the right place at the right time and acting as if he's doing nothing different than tons of other sports bettors is simply ignorant.
It was the way the whole system used to be. You guys are either really young or dont remember what sportsbetting was like even in say 1998. In the past decade or so it is almost a different business altogether. and he was doing it before it got out of the dinosaur stages, but he did use the 'new fangled' approaches they used against them. As did others.
Also if people think guys didnt use his action against him youre deluded too. Guys would get some info on what he was doing and buy back before he could. that would have been a miuch better question to ask. So while he might not have gotten hustled per se, he surely got used a few times. But what goes around comes around. he surely used plenty of stogges he knew to his advatantage.
The artist formally known as Shrink was one of the best. Or Shrink told stories about what the plays were. Either way he (shrink) sure lost his mind a few of the times we called him on posting phoney 'BW plays" and he swore up and down we were wrong. Latest and greatest was Colts V Saints in the Sb a couple years ago. Shrink swore up and down Billy was on the Colts. But from what I remember everyone and their mother was on the Saints. And that was why Shrink claimed BW was the other way. So someone was lying or getting used there. But in this business who can you really trust? And does it really matter. Shrink used the name a lot and the fact he had done some favors for te guy a few times to help build himslef up quite a bit over the years. So once again using names and dropping make believe reputations to scam suckers out of money.
As for how much he made. Starting with a 3 million+ bankroll and making a guaranteed profit everyday on it would tend to make a decent living. And of course he made a lot of money, a lot of guys did for awhile. But it wasnt never ending, and he got out while the getting was good, for the most part. And not all the money he used to go legit was from gambling, he just got a few backers enticed with his cash heavy holdings, and they in turn helped him get some credit. And the rest is history.
Like I said the fairy tale is much better than the truth. But the truth really isnt all that bad either. But being a millionaire a few times over just isnt as romantic to degenerates unless he made it all from beating the books. Which in and of itself is a dumb statement. But that is another lesson for another time.
