NBA’s top draft pick heads back to class

Kyrie Irving’s dad starred for Boston University in the 1980′s — and graduated. And me having my degree when I’m finished playing this game, I’ll be able to do it.”

For Strassmann’s full report, click on the video above.

. Irving has promised him he, too, will finish college.

But Irving isn’t just going back for his father. And for most of them, getting their diplomas one day is at best a passing thought.

Kyrie Irving, the 19 year old the Cleveland Cavaliers made the league’s top draft pick, is one of those players. But in the interim, some players are making the most of their time off — working on their minds.

But 52 players right now are taking college courses during the league’s labor dispute, including Kevin Love and Russell Westbrook at UCLA, Stephan Curry at Davidson, and Tristan Thompson at Texas.

In the college basketball era of “one and done,” many star basketball players leave campus and never come back.

© 2011 CBS Interactive Inc. He headed back to Duke University in Durham, N.C., to take four courses this semester.

Only 25 percent of the NBA’s 450 players have received their college degree.

On “The Early Show,” CBS News correspondent Mark Strassmann reported that the point guard’s decision is to help fulfill a promise he made to his father, Drederick Irving. All Rights Reserved.

The labor dispute between team owners and National Basketball Association players has already canceled 100 games and threatens to wipe out hundreds more. He’s doing it for his own benefit, as well. He told Strassmann, “I want to (make a) mark in the basketball world, but at the same time, me having a mark on the real world is something I really want to do

How to Play the Pokeno Board Game

? Draw and announce cards until one of the players completes the five-in-a-row sequence, and calls out Pokeno. There are a total of four ways to play this game, each categorized by a different method of scoring.

? Distribute the Pokeno boards and a certain starting amount (chips) among the players except yourself; you are the host-cum-dealer-cum-banker of the game.

? When playing Pokeno like Roulette, each player places his/her bet on a square, which automatically covers other squares in the respective row and column of the Pokeno board.

Variations

? This is another quick and interesting variation to the original game, which could be played if you know the basic concept of Blackjack (beating the dealer’s score to win).

? Distribute the Pokeno boards and give all the players a starting amount (chips) to bet.

The Roulette Version (18+)

? The banker draws one card at a time to a total of 25 cards, and announces each card aloud.. Every board of Pokeno is arranged in a way such that each horizontal or vertical line forms different Poker hands. You should be very clear while announcing a card to avoid further confusion.

? Begin the same way as in the previous version; however, in this version, the game waits till all the players have successfully completed the five-in-a-row formation. The game package consists of 12 game boards with unique card combinations, 200 chips, and a standard deck of 52 cards. The player with the highest poker hand wins.

Although the standard version is quite easy to understand, you might find the other three a bit tricky in the beginning; however, you would surely get used to them once you’ve played a couple of rounds. Since Pokeno boards are so thoughtfully designed, one cannot play unless he/she buys the original game.

Although the standard game resembles the game of Bingo in many aspects, it can also be played by introducing several variations. For instance, you must say “Ace of Spades”, and not just “Ace” or “Spades”. Enjoy!

Take a look at the standard Pokeno game rules and its three additional versions.

? If the card drawn matches one of the squares in the respective row or column of a player’s board, he/she is ‘out’ and receives a previously determined reward in a certain proportion like 2:1.

? In case no player is ‘out’ at the end of 25 cards, all the bets go to the host/banker, which is you.

? Shuffle the card deck and place it in front of you.

The Standard Version

? In case a player’s poker hands weigh less than the dealer’s, they lose; however, if a player’s hand is greater than the dealer’s and other players, he wins and receives all the chips.

Try This!

As a variation to the original game wherein a player needs to get five squares in vertical, diagonal, or horizontal rows, one could introduce four corners (a player needs to get all four corners occupied by chips), or a full card house (full board) to make the game more fun and lasting.

? If any player fails to acquire the five-in-a-row sequence before the dealer, he loses the round and hands over his on-board chips to the winner (not necessarily the dealer) of the round.

? In this version of the game, the dealer/host plays against the other players keeping his board covered until he/she completes his/her five-square sequence.

The Poker Version (18+)

? If players possess the announced card on their board, they must place a chip over it.

Pokeno was developed and is marketed by the United States Playing Card Company. He/she wins and plays as the game host in the next round.

? The objective of the game is to obtain five squares in a line, either horizontally, vertically, or diagonally.

? Distribute the Pokeno boards among all the players, and give each player 20 chips, except to yourself.

Instructions to Play the Pokeno Board Game

? You are the host of the game, and would draw cards as you announce each of them aloud.

The Blackjack Version (18+)

? Pick one card at a time and announce the rank and suit of each aloud. As said above, the game combines the probability factor of Keno and some basic elements from Poker

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SM sites were intended to allow people to present a profile and keep in touch with interested parties. The Federal Housing Administration or FHA was one of these. The same work of art could mean a million different things to a million different people. It is a very clear, compelling, look at the Cultural Marxist attack on the original intent of the Founders of this great republic. It exposes the historical march of Cultural Marxism. Taylor, Inc. And, it provides the keys to freeing the country from ens …

Tags: Watch, Intent, Free, Full, Streaming, Movie, 2012

Money For Votes And Votes For Cash

By: Lieselotte Francois | – Pizza is The united states’s greatest adored meals. It indicates you need to place the most beneficial thing to get larger volume. Around 200 BC, ancient Egypt, Rome, and the Babylonians had made of borax glass and welding Gold

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Capitalists will make bad bets – National Politics

There is no bailout for that.

The crime is that the CEO will walk away having “earned” $16 million this year. If I were shareholders I would sue to take that back.

Troubling is that the risk should have and could have been mitigated by regulations.

http://www.cnn.com/2012/05/14/politics/crowley-wall-street/index.html?hpt=hp_bn5

Washington (CNN) — JPMorgan Chase announced last week that it lost $2 billion as the result of some complicated trades intended to hedge against economic risk, which according to its top executive is apparently not as bad as it sounds.

Candy Crowley pounced.

Congress and the President need to revisit the regulations to refine them so that undue risk taking is made illegal.

“We made a terrible, egregious mistake,” Dimon said in an interview that aired Sunday on NBC’s “Meet the Press.” `’There’s almost no excuse for it.”

“This is a stupid thing we should never have done, but we are still going to earn a lot of money this quarter. It’s not like this company is jeopardized — we hurt ourselves and our credibility, yes, and we’ve got to fully expect that and pay the price for that,” CEO Jamie Dimon said on NBC’s “Meet the Press” on Sunday.”

By Candy Crowley, CNN Chief Political Correspondent

“Crowley: JPMorgan shakes up Wall Street and Capitol Hill

http://www.huffingtonpost.com/2012/05/13/jamie-dimon-meet-the-press_n_1512671.html

updated 4:47 PM EDT, Mon May 14, 2012

Free enterprise and free markets mean free to take risks and freedom to win or lose. Not so fast. CEO Jamie Dimon made a bad bet and for that JPMorgan and investors will lose $2 billion. Critics from all parties argue both ways – too much regulation, deficient regulation, not enough regulation.

Gambling and The Self: A Sure Bet (To Lose Money)

When gambling outcomes become more complex than simple one event outcomes, people’s weaknesses in understanding odds and probabilities can become quite expensive.. Yet, lotteries generate considerable post-expense revenue (over $18B in the USA, including $675M in Ohio alone).

Why do people bet when the likelihood of losing money is so incredibly high? One factor that matters is that games of chance are presented as games of skill. Yet, when examining the research literature, there are some themes that offer some answers to this question. In my state of Ohio as well as many other states, the basic lottery involves picking 6 numbers out of 49, and the odds of winning the big jackpot (i.e., picking all six numbers correctly) is 1 in 14 million (13,983,816 to be precise). In other words, shooters implicitly believed that harder throws would produce bigger numbers and softer throws would produce smaller numbers–but clearly, the force with which dice are thrown has no effect on the number obtained.

In addition to believing that one has more control over random events than is warranted, it is also the case that people have unrealistically positive illusions about the self. Ironically, two different people could look at a particular display and come to completely opposing conclusions (e.g., “36 has come up a few times, it’s hot so I should bet it” vs. However, it turns out that people’s statistical ability is typically quite poor. For example, consider the game of craps where a player (called the shooter) rolls two dice and everyone at the table bets on the outcome of each roll. Consider the language involved–people “play the lottery,” which makes it sound like one is playing a sport or a musical instrument rather than participating in a randomly-determined gamble.

Features of casinos impair gamblers’ judgment

Objectively, this information is completely irrelevant, yet people use it to inform their betting. In another study by Slutske and her colleagues (2012), they found that children categorized at age 3 as having a temperament characterized by behavioral and emotional undercontrol were twice as likely to show problems with gambling in adulthood (ages 21-32), and these differences could not be explained by IQ or socioeconomic status. People who are drawn to “the big win” will often place this bet. Gambling certainly serves a constellation of psychological needs, and for any given individual, the qualities that make gambling attractive will vary. Yet, casinos are not places designed to give people the best conditions to employ their cognitive horsepower. In addition to myriad choices, there is a vocabulary and array of rules that one must learn (e.g., when certain bets can and cannot be made), and suddenly, the illusion of skill grows as people have “to master” a system that is designed to obscure the pure randomness of the situation.

Although the economic appeal of gambling is clear, the increased availability of gambling (e.g., more states with casinos, internet wagering) leads one to ponder its appeal psychologically. Yet, people routinely perceive games as “winnable” and “controllable” activities despite the fact that they are random by design and engineered to be money-losing.

Summary

For example, the likelihood of rolling 2 particular numbers with two dice, such as a 6-6, is less than 3%. Further, in places like Nevada, patrons are served free alcoholic beverages, which further impair gamblers’ ability to render accurate assessments of their game play.

If this seems difficult to believe, think about all of the superstitious behaviors one observes in casinos (e.g., people blowing on dice before throwing them, people not picking up their cards in blackjack until after the dealer picks up the house’s cards)–the only way that superstitious behaviors can seem beneficial is if one believes (erroneously, obviously) that these acts can affect gaming outcomes.

Individual differences in gambling susceptibility

Of course, all of the above presupposes that people can assess and determine odds correctly. As gambling becomes more widespread and socially sanctioned, understanding the factors that contribute to problematic gambling behavior is increasingly important.

Other aspects of casino games themselves provide gamblers with nondiagnostic cues that affect betting behavior. For example, in the game of roulette, a wheel is spun and a ball is dropped onto the wheel, which eventually comes to rest in 1 of 38 spots (0, 00, or 1-36). In my own state of Ohio, several new commercial casinos have recently opened or are soon to open their doors in the near future.

Overly optimistic self-beliefs

As noted in the previous section, people often do not know how to calculate the correct odds. For any roll (odds bets excluded), the average house edge ranges from 1.36% to nearly 17%. It is an undeniable truth that nearly all forms of gambling will, in the long run, guarantee losing money. Later, she had another person come along and offer to buy the ticket, allowing the researcher to determine the “market price” of one’s lottery ticket. When examining these odds, buying a lottery ticket seems ridiculous (after all, according to the National Weather Service, the odds of being struck by lightning in one’s lifetime is 1 in 10,000–yes, one is five times less likely to even win “the runner-up prize” of $1500 in the lottery than to be struck by lightning). A common finding in the literature is that the vast majority of people believe that they are better than average–they will be happier in life, be less likely to experience divorce, live longer, and be less likely to develop diseases than the average person (Armor & Taylor, 2002; Weinstein, 1980).

Clearly, the majority of people cannot be better than average, but this unrealistic optimism also can make people feel like they are more likely to win in gambling than the average person. Instead, they are noisy, distracting places, which reduce people’s cognitive resources and increases environmental distractions. Regardless of any given bettor’s specious beliefs, the casino makes more money when people bet more, and providing people with useless information promotes it.

Poor statistical skills and reasoning

Gambling in the United States is a rapidly growing industry. Other people are the ones who lose in gambling, but one can believe that they will beat the odds because of this powerful self illusion. Thus, it seems that having difficulty in being able to control one’s impulsive reactions can make gambling more appealing and betting more problematic.

Just as an example, in the game of craps, one can bet that any given roll will be a 12 (two 6s), and if this outcome occurs, the payout is quite handsome (i.e., one will win $30 for each dollar bet). In the face of this reality, why do people flock to casinos to bet well over $60B annually?

The above analysis presents just a few of the factors that contribute to the appeal of gambling and why people are inclined to wager money that, in all likelihood, will be lost. Despite the fact that the odds of winning were exactly the same, people who got to “pick their ticket” wanted more than four times as much money to sell their ticket, illustrating the illusion of control in a totally random gamble.

While discussing craps, I should mention another classic study that illustrated how people have illusions of control. Most people, sadly including many college graduates who have taken statistics courses, neither understand the statistical rule conceptually (it’s the mathematical product of the two probabilities, or .1667 x 2) nor do they have a good intuitive feel for them. “5 hasn’t come up in a long time, it’s due”), and each interpretation is erroneous because each spin is a unique event and not dependent on a previous outcome. As gaming-related revenues exceed $100B annually (American Gaming Association, 2012), many states are turning to gambling to attract tourism and to generate tax revenues ($8B of taxes in 2011). And, even if they do, they must be able to effortfully render calculations to determine the odds. As a result, gamblers both bring unrealistic control and unrealistic optimism with them to the casino–and in the end, they are likely to leave the casino with less money because of it.

Although a lottery provides an opportunity to see the nakedness of this fallacy, other games obscure the randomness considerably. However, the odds become obscured by the dizzying range of choices a bettor has for each roll, and thus people routinely make financially less sound bets from the array of options before them. In this blog, I focus on just a few that implicate the self.

If people examined most gaming activities in terms of raw statistics (e.g., lotteries, slot machines), the only sure bet is losing money. The casino provides this information, however, to encourage betting. A number of the more popular bets (e.g., 4 the hard way, C&E bets, Yo bets) are especially bad bets and yield loss rates in excess of 11% per roll. In one experiment, she had workers either pick a lottery ticket or they were randomly given a lottery ticket–each ticket cost $1 and the winning pot was $50. For example, one study involving over 1000 Canadian adolescents found that those who were diagnosed with ADHD (attention deficit hyperactivity disorder) were more likely to gamble and more likely to develop gambling problems (Faregh & Derevensky, 2010). For example, although most people know that the odds of rolling any given number with one die is 1 in 6 (approximately 17%) few people understand how to compute the odds for more complicated events.

Erroneous perceptions of control

For example, consider state lotteries. However, the odds are about as “naked” as possible (e.g., six ping-pong balls fall out of a machine with 49 in it), yet the game is framed as people “picking numbers.” Because the draw is randomly determined, one is just as likely to win by letting a lottery computer pick their numbers for them, but because people get to pick numbers (and in some cases, get to pick “special numbers” like “the powerball”), people’s perceptions of control are artificially inflated when they are actually nonexistent.

In addition to environments providing people with distractions that undercut gamblers’ performance, there are also personality characteristics that predict more problematic gambling. Gambling can certainly provide people with a form of entertainment (e.g., no one expects to make money when they go to dinner or attend a music concert), and certainly many people routinely make trips to Vegas or to nearby race tracks without having a “gambling problem.” However, it is also clear that people often do not approach gaming in a rational, logical fashion, and that self illusions are often at the center of why this occurs. Moreover, our memories are often biased in self-serving ways. That is, we’re more likely to remember the times we won and less likely to remember the times we lost (and how much money we lost). Each wheel spin is a unique event, and thus any outcome has the same likelihood of occurrence on each spin. Rather than “winning the whole jackpot,” one could get 5 of the 6 numbers correct and win $1500 (the odds of that are merely 1 in 54,201). In a classic study by Goffman (1967), they observed that when craps shooters needed a larger number to win (e.g., having two dice add up to 10), shooters threw the dice harder than when shooters needed a smaller number to win (e.g., having two dice add up to 4). Currently, 20 states permit commercialized gaming and another 18 allow native american groups to offer gambling instead. Yet, as just noted above, people greatly overestimate the likelihood of this 1-in-36 event (which is why the house has a 14% edge on this particular bet).

Another study that examined gambling behavior from a large database of twins (over 4000 pairs) in Australia (Slutske et al., 2009) found evidence of a moderate effect of genetic components in predicting 11 different forms of gambling. Although it would be too simplistic to conclude that people with impulse control problems are more likely to reveal disordered gambling, it is likely that impulsivity coupled with other factors (e.g., anxiety, negative emotions) increase the likelihood of gambling problems.

This phenomenon was shown in an elegant series of series by Langer (1975). People place a variety of bets, such as on a particular number or a color as the outcome of each spin. Those who got to pick their ticket wanted $8.67 to sell their $1 ticket, whereas those who were randomly given their $1 ticket only asked for $1.96. However, one fixture of roulette tables are display boards that show the results of the last several spins.

Undoubtedly, there is no simple answer to this question

Biography of Augusta Ada Lovelace, Nee Byron

It seems she was not as constrained as some Victorian wives as she was able to pursue her interests in the sciences and mixed socially with Babbage and other worthies like Sir Charles Wheatstone and Charles Dickens.

One of her teachers was the renowned mathematician Mary Somerville (after whom Somerville College, Oxford is named) and it was probably through her that she was first introduced to Charles Babbage.

Encouraged by her mother to study the sciences and mathematics rather than literature, possibly through a fear of her taking up poetry like her father, young Ada excelled at all things metaphysical and mathematical.

Bentley’s Miscellany of 1853 described Ada as resembling her father “… His thoughts and implementation ideas were written down in an article by General Menabrea (who later became the Prime Minister of Italy). Wildman asking if she could be buried next to her father in the Byron vault at Hucknall Torkard church. But she was never to know her father because Lord and Lady Byron separated when Ada was just five weeks old.

The Darker Side of Lovelace and Babbage’s Relationship

During her final illness, Ada contacted Col. She is also immortalised in the name of a computer programming language devised in 1979 and called ADA in her honour.

By 1851, Ada had begun to show symptoms of the uterine cancer that was to ultimately kill her. inherited whatever was grand and good in his character.” She shared his love of the sea and was referred to by him as “Ada, sole daughter of my house and heart.”

This news was a real eye opener for her and she confessed to the Colonel that she had no idea her father had written such things. By him she had three children: Byron Noel in 1836, Anne Isabella in 1837 and Ralph Gordon in 1839.. This translation and her notes were published in September 1843.

Ada Byron’s Gift for Mathematics

Augusta Ada Byron Becomes the Countess of Lovelace

The Death and Burial of the First Computer Programmer

Lady Lovelace Discovers Byron’s Poetry

Ada married, in July 1835, William King, eighth Baron of Ockham, who became the Earl of Lovelace in 1838. According to the Limerick Chronicle of 1851, Lady Lovelace was so convinced that one particular horse would win the Derby, she bet £20,000 on it. She is commemorated with a plaque on the wall of the church. Yes, I will be buried there; not where my mother can join me, but by the side of him who so loved me, and whom I was not taught to love.”

Other References:

History of Hucknall Torkard, J.H. Beardsmore, 1909

Oxford Dictionary of National Biography, May 2009

The Countess of Lovelace, Ada Byron, finally succumbed to cancer in November 1852 and was buried, as she had wished, in the Byron vault next to her father’s remains on 3rd December 1852. were a complete demonstration that the operations of analysis are capable of being executed by machinery.”

Augusta Ada Lovelace, First Computer Programmer?Born on 10th December 1815, Augusta Ada Byron was the only legitimate child of the poet Lord Byron and his wife, Annabella Milbanke. It was Ada who translated Menabrea’s work into English and added notes to it, some of which are regarded to be the earliest computer program. Her mother, it seems, had deliberately withheld any information about her father from her. On a visit to Newstead Abbey, Nottinghamshire, (which had originally been owned by the Byron family) in that year, the Abbey’s then owner, Colonel Wildman, read a few lines of Byron’s poetry to her. weaves algebraical patterns just as the Jacquard loom weaves flowers and leaves.a” Mrs Andrew Crosse, writing in Bentley’s Miscellany in 1891 said that Babbage himself recognised that Countess Lovelace’s additional notes to the article “… The Colonel pointed to a portrait of her father hanging on the wall.

Her claim to fame arose in 1843. only in genius, and in the generosity and nobleness of feeling, which shone out from the midst of all the madness of her father’s mind,” and she also “… They became obsessed with trying to devise an infallible system for betting on horses. Babbage had been working on the concept of an analytical engine. Entranced by it, she asked who had written them. This obsession led to heavy gambling losses. She wrote “…. The horse lost.

During the ensuing judicial separation proceedings, Annabella was granted sole custody of the baby and brought her up at the Milbanke ancestral home in Kirkby Mallory, Leicestershire.

She was quite far seeing in her understanding of Babbage’s concept and wrote that the Analytical Engine “.. From then on, Ada began to study the works and life of the father she had never met.

However, there was a darker side to the relationship between Ada Lovelace and Charles Babbage

NBA Commissioner Adam Silver: Legalize Betting on Pro Sports Games

could learn.

Silver argues in the New YorkTimes, published Thursday, that fans already skirt the law to bet on sports games — an estimated $400 billion is wagered per year — and writes that those actions should be controlled. “We will ultimately participate in that.”

By Eliana Dockterman

But Silver also believes the benefits of legalization on sports gambling outweigh the potential pitfalls: “Without a comprehensive federal solution, state measures such as New Jersey’s recent initiative will be both unlawful and bad public policy.”. Silver’s message is a radical change from the NBA’s official stance just two years ago, when the league joined the NCAA, NFL, MLB and NHL in suing New Jersey over its efforts to legalize sports betting in casinos and race tracks. “I believe that sports betting should be brought out of the underground,” he says, “and into the sunlight where it can be appropriately monitored and regulated.”

This article is published in cooperation with Time.com. And he points to global examples like England from which the U.S. The leagues won the suit, though Gov. Chris Christie has since signed a bill lifting the ban on betting in the state.

Eliana Dockterman@edockterman

NBA Commissioner Adam Silver has penned an op-ed that calls for the legalization and regulation of gambling on professional American sports.

He notes that many states sanction other types of betting like lotteries, legal casinos and even online gambling. “It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada,” Silver said at the Bloomberg Business Summit in September. The original can be found here.

This isn’t the first time Silver has suggested the NBA would benefit from such a move

First Bettors Score at Delaware Park With Start of “Parlay-Mania”

For more information on Delaware Park, visit www.delawarepark.com.

Many of the fans this past weekend chose to gather in the expansive sport book area at Delaware Park. Patrons can watch NFL games from around the league on one of the largest indoor video displays, keep track of line information on a large video board and place bets at the sports book counter.

Meanwhile on the floor above, fans enjoyed food and drink specials in Delaware Park’s Club 3 Sports Bar. Delaware Park is located minutes south of Wilmington and the Delaware Memorial Bridge and just north of the Maryland state line on I-95 at exit 4B. Gentile said the Delaware Lottery Office should have the final tally for the first week of parlay sports betting later this week.

Delaware Park is a multi-faceted gaming facility offering guests live seasonal thoroughbred racing, year-round simulcasting from around the globe, nearly 3,000 exciting slot machines on two spacious levels, one of the only parlay betting venues on the East Coast and White Clay Creek Country Club, featuring a world class 18-hole championship golf course. Parlay bets are accepted on a minimum of three NFL games. Parlay cards will be available in the Delaware Park Race and Sports Book area each Thursday by noon.. “As the season goes on, we expect to offer more promotions and bring in even larger crowds.”

Delaware Park offers parlay sports betting on NFL games in the ultimate gaming facility, including half-point parlay, teaser and super teaser cards, and “off the board” parlays. Patrons entered drawings for tickets to professional sporting events and entered a season-long drawing with a grand prize of air fare, room accommodations and two tickets to the BIG GAME in Miami, Florida.

“We’re very happy, very pleasantly surprised at the turnout and level of interest for week one,” said Delaware Park Chief Operating Officer Andrew Gentile.

About Delaware Park

WILMINGTON, Del.–(BUSINESS WIRE)–Hundreds of eager sports fans from Delaware, Pennsylvania, New Jersey and Maryland packed the Delaware Park Race and Sports Book this past weekend to place their first parlay sports bets on NFL games and enjoy the first Sunday of the NFL season.

“With our outstanding customer service, great food and drink specials and huge, state-of-the-art video walls, word is spreading fast that Delaware Park isn’t just the only legal game in town for parlay sports betting, it’s the best place in town to watch the NFL,” Gentile said.

For more information on parlay sports betting at Delaware Park, visit www.delawarepark.com.

Delaware Park opened the sports book on Thursday after the Delaware Legislature earlier this year reinstituted parlay sports betting on NFL games

Sports Bettor Billy Walter’s Winning Streak

All rights reserved.

The Super Bowl: America’s Biggest Bet

More people bet on the Super Bowl than any other sporting event. So, how does a professional gambler approach the big game?

Walters has been almost as elusive as Howard Hughes, avoiding publicity, reluctant to reveal his secrets.

But after 30 years of unprecedented success, the man who calls himself a Kentucky hillbilly agreed for the first time to open the door into his betting life in Las Vegas – a life he describes as one long hustle – in betting parlors, in pool rooms and on the golf course.

“I’ll take 15,” Walters countered.

When it comes to gambling, everybody knows the house has the advantage. Small potatoes for Walters.

“He is,” both men replied simultaneously, laughing.

“You got it for a dime!” Walters agreed.

“Yes. I never got to bed to with it. Most bettors come to a sports book inside the casino, to lay their bets, wagering $2.5 billion dollars every year.

Asked if there’s anything he doesn’t gamble on, Walters replied, “Not really.”

On the day we went along, the two buddies decided to play for $5,000 a hole, with a few side bets along the way.

The Gambler

Extra: The “Keyser Soze” of Las Vegas?

Extra: Billy Walters’ Analytics

Extra: The $3.5 Million Bet

When Walters golfs, it’s mostly for fun. “Ten,” McCarlie said.

He gambled on the Super Bowl last year and won $3.5 million. Believe me,” McCarlie added.

“Five-to-one for birdie,” McCarlie replied.

“How much money have you taken off him over the years?” Logan asked.

“Who’s the better golfer?” correspondent Lara Logan asked Walters and McCarlie on a golf course.

Walters just missed a 60-foot putt, but after only three holes, he was up $17,000. Nevada is the only state in the country where taking bets on individual games is legal. And he showed us how the hustle worked with Gene McCarlie, an old friend and casino owner.

“That’s a lot of money,” Logan remarked.

“What’s the most you’ve ever made on a hole?” Logan asked.

Copyright 2011 CBS. Had no air conditioning. Now, he’s a very wealthy man,” Walters replied.

“Probably $400,000,” Walters said.

“What’s the price?” Walters asked.

“By far. He used to make his living off it. I lost it all in the Horseshoe Hotel playing blackjack before I went to bed,” he replied.. But there are some high rollers who consistently win, and it’s hard to find anyone better at winning than Billy Walters.

He bets on football and basketball, is worth hundreds of millions of dollars, and has been so successful that many Las Vegas bookmakers are afraid to even take his bets.

Asked what his biggest win was on a round of golf, Walters said, “Probably a million bucks, around a million dollars.”

“When I met him, he was driving an old Cadillac full of bullet holes