Phil Mickelson has wagered greater than $1 billion, in accordance with Billy Walters ebook

Sports activities Information

Mickelson allegedly tried to guess $400,000 on Workforce USA whereas enjoying for the workforce.

By DOUG FERGUSON, Related Press

August 10, 2023 | 12:35 PM

Phil Mickelson has wagered greater than $1 billion over the past three many years and needed to position a $400,000 guess on the 2012 Ryder Cup whereas enjoying for Workforce USA, in accordance with a much-anticipated ebook by famend gambler Billy Walters.

The gorgeous betting estimates Walters supplies — from his personal detailed file from what he describes as two dependable sources — are detailed in an excerpt of Walters’ ebook, “Gambler: Secrets and techniques from a Lifetime of Danger.”

It’s schedule to be accessible Aug. 22. The FirePit Collective obtained an besides of the ebook. Mickelson’s administration group didn’t instantly reply to an e mail from The Related Press searching for remark.

Walters is extensively considered America’s most well-known gambler who claims to have a profitable streak of greater than 30 straight years.

He stated he ended his betting partnership with Mickelson in 2014. Two years later, Mickelson was a reduction defendant in Walters’ insider buying and selling case. Mickelson was by no means charged and needed to repay about $1 million he made off a inventory deal. Walters was convicted and sentenced to 5 years in jail. He stated he might have prevented jail if Mickelson had informed a “easy fact.”

Walters stated he by no means informed Mickelson he had inside data on Dean Meals inventory.

“All Phil needed to do was publicly say it. He refused,” Walters wrote. “The result value me my freedom, tens of tens of millions of {dollars} and a heartbreak I nonetheless battle with every day. Whereas I used to be in jail, my daughter dedicated suicide — I nonetheless consider I might have saved her if I’d been on the surface.”

Walters stated Mickelson informed him he had two offshore accounts, and that Mickelson had limits of $400,000 on school video games and $400,000 on the NFL.

He stated primarily based on his detailed file and extra data supplied by sources, Mickelson’s playing between 2010 and 2014 included:

— Betting $110,000 to win $100,000 on 1,115 events, and betting $220,000 to win $200,000 on 858 events. That alone comes out to only over $311 million.

— Mickelson in 2011 made 3,154 bets for the yr and on sooner or later (June 22) he positioned 43 bets on Main League Baseball video games that resulted in $143,500 in losses.

— He positioned 7,065 bets on soccer, basketball and baseball.

“Primarily based on our relationship and what I’ve since realized from others, Phil’s playing losses approached not $40 million as has been beforehand reported, however a lot nearer to $100 million. In all, he wagered a complete of greater than $1 billion in the course of the previous three many years,” Walters wrote.

“The one different particular person I do know who surpassed that type of quantity is me.”

Walters stated they met for the primary time on the 2006 AT&T Pebble Seaside Professional-Am, and shaped a betting partnership two years later.

Most gorgeous to Walters, he writes within the excerpt, was a cellphone name from the Ryder Cup in 2012 at Medinah. He stated Mickelson was so assured he requested Walters to guess $400,000 for him on the U.S. profitable.

“I couldn’t consider what I used to be listening to,” Walters wrote. “‘Have you ever misplaced your (expletive) thoughts?’ I informed him, ‘Don’t you bear in mind what occurred to Pete Rose?’ The previous Cincinnati Reds supervisor was banned from baseball for betting on his personal workforce. ‘You’re seen as a modern-day Arnold Palmer,’ I added. ‘You’d threat all that for this?’ I would like no a part of it.’’

He stated Mickelson replied, “Alright, alright.”

“I do not know whether or not Phil positioned the guess elsewhere. Hopefully, he got here to his senses,” Walters wrote.

Europe rallied from a 10-6 deficit on Sunday, staging the best comeback by a visiting workforce. Mickelson and Keegan Bradley received three straight matches earlier than Mickelson urged U.S. captain Davis Love III to relaxation them Saturday afternoon. Mickelson misplaced his singles match to Justin Rose, a pivotal second in Europe’s comeback.

The PGA Tour suspended Mickelson in early 2022 for serving to Saudi-backed LIV Golf recruit PGA Tour gamers. He signed with LIV for a bonus reported to be upward of $150 million.

In an interview with Sports activities Illustrated final yr, Mickelson was requested about hypothesis he was having monetary troubles.

“My playing bought to a degree of being reckless and embarrassing. I needed to tackle it,” Mickelson stated within the interview.

“Playing has been a part of my life ever since I can bear in mind. However a few decade in the past is after I would say it turned reckless,” he stated. “It’s embarrassing. I don’t like that folks know. The actual fact is I’ve been coping with it for a while. (Spouse) Amy has been very supportive of it and with me and the method. We’re at place after a few years the place I really feel comfy with the place that’s. It isn’t a menace to me or my monetary safety. It was simply quite a few poor selections.’’

Walters was so profitable together with his playing operation that bookmakers usually restricted the quantity of his wagers. He would accomplice with others who had bigger limits. He wrote his partnership with Mickelson was a 50-50 cut up.

“In all of the many years I’ve labored with companions and beards, Phil had accounts as massive as anybody I’d seen,” Walters wrote. “You don’t get these sorts of accounts with out betting tens of millions of {dollars}.”