A Life On The Line: For four decades, other gamblers have tried to be Billy Walters while investigators have tried to bring him down. And for four decades, the world's most successful sports bettor has outrun them all.
For 38-year-old Rubalcada, being at the M is a pleasing trip down memory lane, a visit to his primary workplace throughout 2010 and 2011. Back then, he had nearly $1 million in his account at the M. Dressed in slacks and a sport coat, he would saunter in and bet six figures a week on NFL and college games. He was, M Resort staffers say, one of the sportsbook's "bigger guys" -- a high roller who could afford to bet very, very big.[more inside]
But he wasn't that at all.
In fact, Rubalcada was a faceless grunt in the most successful gambling enterprise of all time.
Cleveland Scene takes a look at the paranoid and obsessive life of a mid-level bookie.
When We Held Kings: The oral history of the 2003 World Series of Poker, in which an amateur named Moneymaker turned $39 into $2.5 million and the poker boom was born.
"Las Vegas bookmakers make their money by balancing their risk, but sometimes they simply come out on the wrong side of too many bets." With the regular 2012 NFL season now over and the playoffs about to begin, please take a moment and shed a tear -- or more likely, raise your beer -- as you consider the terrible beating Las Vegas sports books absorbed in 2012. (LAT link, so potentially behind a paywall depending on your number of previous visits in last 30 days.) [more inside]
For the first time since 1874, the Travers Stakes ended in a dead heat (tie) when Golden Ticket and Alpha finished together. Unlike 138 years ago, however, there was no run-off following the races, and both horses got a turn in the winner's circle this year. Video of the race (SLYT) [more inside]
Finally, Gilbert Arenas reveals the whole story behind the infamous Washington Wizards guns in the locker room incident.
Unlike other forms of match fixing, spot fixing does not affect the final result, only specific events within a game. Last year, in a cricket match at Lord's between England and Pakistan, three Pakistani cricketers and one agent 'conspired to cheat'. Following the decision [PDF] at Southwark Crown Court today, all four men will face prison time ranging from six to 32 months. It is the first time this charge, brought in under the Gambling Act 2005, has led to a sportsperson's conviction. [more inside]
In March of 2009, the Japan Sumo Association won a lawsuit against Kodansha, a large Japanese publishing house. Kodansha had alleged that match fixing was rampant in Sumo, even at the highest levels. However, in the last week, police have discovered text messages between wrestlers showing proof of fixing, including negotiation over compensation. [more inside]
The Man Who Shook Up Vegas is a fascinating and relatively brief Wall St Journal article about Bob Stoll, a college dropout whose statistical wizardry seems to be forcing the $96 Billion U.S. sports wagering industry to jump through hoops. Even if you don't follow sports gambling at all, the article is a very compelling read. note: since the wsj.com is subscriber only, link goes to a reprint of the article.
The Sports Book of Virtues (not) By Bill Bennett. "I believe in a strong family unit and doubling down on 11."
World-wide obsession I am told these sports betting sites are readying themselves for an onslaught of World Cup Soccer traffic never seen in history. Will you play? Does it make the sport uplifting or uncouth?