He was part of the American basketball team, which won the gold medal. He played two matches, but not the final match in which the US team won the gold medal. He was one of a number of Jewish athletes who won medals at the Nazi Olympics in Berlin in 1936.
Before the Olympics, Balter played college basketball at UCLA and for an amateur basketball team sponsored by Universal Pictures.
Balter later turned his celebrity into a career as a Los Angeles sportscaster beginning his career on radio before moving into television. Balter was the broadcast announcer for the Los Angeles Stars of the American Basketball Association before the ABA-NBA merger. He also appeared in a number of movies and television shows, always portraying a radio announcer or sportscaster.