Everyone thinks they have a beat on Billy Walters
. Whether it's a steam play at 2 am on a college football total, his current net worth, or how many homes he owns.
“Walters is the only person I know who started out a degenerate gambler and became a successful one. He’s a mythical figure in Las Vegas.”
“Las Vegas betting is a very different game from playing the stock market,” said Brad Simon, a former federal prosecutor in private practice. He added: “Career insider traders traditionally know better than to make these kinds of purchases.”