According to an announcement, Billy Walters will publish his book Gambler: Secrets of a Life at Risk on August 15, 2023.
The book was co-written with journalist Armen Keteyian.
The book will reveal “the secrets of Walters’ proprietary sports betting system, which will serve as a master class for tens of millions of recreational gamblers in America and around the world.”
Walters placed hundreds of millions a year in gross bets, including a $3.5 million bet on just one Super Bowl. Jack Binion, longtime owner of Binion’s Horseshoe Casino, said of Walters, “If there is one sports gambling Mount Rushmore, there’s only one face on the mountain, and that’s Billy Walters. No one else is close.
Walters also breaks his silence about his long and complicated relationship with Hall of Fame pro golfer Phil Mickelson.
Casual betting on professional and college athletics has exploded in recent years. In the first eleven months of 2022, Americans legally wagered $83 billion on sports, a 65% increase from 2021, according to the American Gaming Association.
Betting is now legal on sports betting and betting apps in thirty-six states.
Raised by his grandmother in poverty in rural Kentucky, Walters became a hustler at pool at the age of nine. As an adult, he set records as a used car salesman, played golf, and dabbled in book creation.
Walters eventually moved to Las Vegas, where he changed sports betting as a member of the famed Computer Group, the first syndicate to apply sophisticated algorithms and data analysis to sports gambling.
Walters later applied his data expertise to stock trading and built a business empire that included seven golf courses, twenty-two car dealerships, and a number of other investments. However, Walters was convicted of insider trading in the Southern District of New York in 2017 and served 31 months in federal prison.
Keteyian, for a long time CBS A news correspondent and contributing correspondent for 60 Minutes and 60 Minutes Sports, he is the recipient of eleven Emmy Awards.