For four decades, other gamblers have tried to be Billy Walters while investigators have tried to bring him down. And for four decades, the. Billy Walters was convicted of federal insider-trading charges in a case that could send the famed Las Vegas gambler to prison for years. On Friday, a federal prosecutor in Manhattan said Billy Walters -- a professional gambler -- was convicted of insider trading charges. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news billy walters insight around the world. Some he bets in different markets. Facebook Twitter LinkedIn Instagram. Please help improve this section by adding citations to reliable sources. FEW PEOPLE HAVE experienced the many facets of Walters' personality as intimately as John Mastronardo, a convicted gambler and the younger brother of one of the country's biggest bookies. After a few years, Walters quit drinking for good and morphed into a member of Las Vegas' influential elite, developing golf courses, subdivisions and industrial parks. However, things have begun to change recently as owners radsport de graaf teams have begun to take notice of the value in statistics. Genauso ist es mit Sportwetten. Your cheat sheet on life, in one weekly email. Doing so could cost him millions of dollars, and probably create more legal problems on top of what he already . By the early '80s, the Computer Group had burgeoned into the first national network of sports bettors, betting hundreds of thousands a day. Billy Walters, who was profiled on 60 Minutes ,  was the most famous member of the group. Books like Sabermetrics by Bill James, and Basketball on Paper by Dean Oliver , have begun to bring detailed statistical analysis to the forefront of sports betting systems. Prosecutors won their case calling as their star witness Tom C. If I don't get the money, it means I didn't receive the money. He takes this information, and what he sees from the sportsbooks, and radios his bets to his runners using code names. Careers Made in NYC Advertise Ad Choices Website Feedback Help.