Billy Walters is a role model for anybody who wants to make money in a quick, yet risky, way. He is one of those rare people who have built an entire empire on the spoils of gambling and betting. We can safely assume that he has a knack for it. Born in Munfordville, Ky., Billy Walters grew up in an environment where gambling was a way of life, thanks to his father and uncle’s fondness for poker. In the early years of 1980, he decided to turn his passion for gambling into a career option, landing up in Las Vegas to take on the job of a full time poker player.
When poker lost its appeal, Walters turned his attention to something a little more exciting – sports betting. Soon enough, he got catapulted to fame when he established his talent as one of the highest-earning sports betters in the world. Of course, his bets are anything but random. Walters usually has a whole team of experts, analysts, and mathematicians working overtime to make him rich. For Billy Walters, betting on a ball game is no different from, as he puts it, “betting on Wall Street”.
While luck certainly has her hands full helping him make piles and piles of money in the high risk multi-million dollar world of sports betting, there is one area in which she refuses to grace him with her blessings – real estate. With a less-than-lucrative track record when it comes to residential real estate, Walters is known to have lost money on each and every property he’s bought and sold so far.
In continuation with his ever present real estate losing streak, he has listed his Carlsbad property, near San Francisco, for $29 million. Located on a picturesque beach, this house has five-bedrooms, nine bathrooms and all the other amenities and features that are commonly seen in trophy homes such as this one.
To begin with the house boasts of an almost Hawaiian feel to it with huge windows that look out to the oceanfront. The back patio looks upon palm trees, lush landscaping, not to mention fire pits made from lava rock. The interior of the house has antique Douglas fir beam vaulted ceilings, a movie theater, two master suites, and a poker room (probably reminiscent of Waters’ younger days). Glass sculptures, beiges, creams, and sea foam colors bring the rest of the house together.
Local brokers are of the opinion that the asking price on the Walters’ home is a little on the ambitious side. Only half a dozen homes in the San Francisco County have ever sold for more than $20 million. However, seeing how popular Walters is and the unique manner in which his wife Susan has designed the house, they might just be able to up the statistics to 7.