Business Standard

Betting on a high-stakes life

William Walter, who rose from a tumultuous past of poverty, addiction and gambling to become a multi-millionaire, could, at best, be a statistical anomaly

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Devangshu Datta
Gambler: Secrets From a Life at Risk 
Authors: Billy Walters with Armen Keteyian
Publisher: Simon & Schuster
Pages: 384
Price: Rs 899


William T “Billy” Walters is a legend in certain circles. The 77-year-old is reckoned to have a net worth of upwards of $500 million and maybe several multiples of that. He has been a successful equity investor, and a developer of golf courses and used-car dealerships.

But the bulk of his fortune comes from sports betting, which he turned into an art-form. Gambler is the story of an utterly incredible life. The barebones details are as follows. Mr Walters’ father died when

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