Born in Berkeley, California, Webster won his first collegiate diving title for Santa Ana Junior College, a school that did not have a pool. While at Santa Ana, Webster trained off a board in Olympic champion Sammy Lee's backyard sand pit. In 1957, Webster led the Santa Ana Dons to second and third-place finishes at the conference and state swimming and diving competitions. Sammy Lee was Webster's swimming coach at Santa Ana. Lee said, "Diving-wise, he was the greatest competitor I've ever coached. He really held up under competition, as both of his Olympic medals were by narrow margins. I told him early on that he could be an Olympic champion and Bob finally said, 'If you're serious, I'm serious.' I wrote to the University of Michigan and told them I had the next Olympic champion right here at Santa Ana College. They offered him a scholarship. The rest is history." Webster then transferred to the University of Michigan where he was coached by Dick Kimball and Bruce Harlan. He won the gold medal in the 1960 Olympics with a score of 165.56 on September 2, 1960. His 1960 score on the platform was an Olympic record that remained unbroken when the scoring system was changed in 1972. At the 1960 Olympics, only his coaches gave Webster much of a chance against Gary Tobian of the U.S. and Britain's Brian Phelps. But Webster saved his most difficult dives, and took the lead from Tobian with a near perfect 2½ somersault on his second to last dive. The margin of victory between Webster and silver medalist Tobian was less than one-third of a point—the narrowest in Olympic history. He won the gold medal again in the 1964 Olympics with a score of 148.58 on October 18, 1964. He was only the second diver to win the platform event in consecutive Olympic games, after his coach Sammy Lee accomplished the feat in 1948 and 1952. In 1964, he won the gold by another narrow margin over Italy's Klaus Dibiasi. Webster won every tower diving competition he entered from 1960 to 1964, including a gold medal in the 1963 Pan American Games in São Paulo, Brazil and the U.S. National AAU championships from 1960 to 1964. He was the first U.S. diver to win the platform event in the history of the Pan American Games. He also won the U.S. National AAU championship in the 1-meter springboard in 1962 and the Big Ten Conference championship in the 3-meter springboard in 1960.