Billy Baxter

Billy Baxter was born in Augusta, Georgia, in 1940 and developed his gambling skills across multiple disciplines. Unlike players who specialized in one game, Baxter approached gambling as a complete profession, applying his analytical mind to poker, sports betting, and other forms of wagering.

Baxter accumulated seven WSOP bracelets, primarily in lowball and draw poker variants that rewarded his all-around skills. But his fame extends beyond poker—he is widely regarded as one of the most successful sports bettors in history, running profitable betting operations for decades.

Baxter's approach to gambling emphasizes discipline and value. Whether playing poker or betting sports, he looks for situations where the odds are in his favor and bets accordingly. His success comes from rigorous analysis and bankroll management rather than gambling on hunches or systems.

In 1986, Baxter won a landmark IRS court case establishing that professional gamblers could deduct their losses and business expenses. The ruling, Baxter v. United States, recognized gambling as a legitimate profession and has benefited professional players ever since.

Billy Baxter represents the ideal of the complete gambler—someone who can excel at multiple forms of wagering while maintaining integrity and earning universal respect. He was inducted into the Poker Hall of Fame in 2006, recognized for his seven bracelets and his contributions to professional gambling's legal standing.