Phil Mickelson Over Years Bet Around $1 Billion & Lost $100 Million Out Of It

Billy Walters, a renowned sports bookmaker, estimates that during a 30-year span, Phil Mickelson wagered more than $1 billion on sports.

Phil Mickelson Over Years Bet Around $1 Billion & Lost $100 Million Out Of It

“The Gambler,” a book by Walters and veteran investigative journalist Armen Keteyian, will be published on August 22.

An excerpt from a book that was posted on the golf website Fire Pit Collective detailed the scope of Mickelson’s wagering.

In the book, Walters claims that he had a betting partnership with Mickelson for a number of years. This implies that Walters provided Mickelson with betting advice so that the well-known loser could place bets at high stakes that a successful handicapper like Walters could never imagine.

In an extract that was posted on the Fire Pit Collective, Walters stated, “The only person I know that exceeded that type of volume is myself.

In the clip, Walters stated that in 2008, Mickelson approached him about a cooperation in the Wachovia Championship. He said that they always placed bets, sharing the stakes equally. The size of Mickelson’s offshore betting accounts, according to Walters, was “larger than anyone I’d seen.”

“You don’t get those types of accounts without betting millions of dollars,” Walters wrote.

The two would utilize Mickelson’s bets since they had far bigger limitations on offshore sportsbooks while Walters was restricted in the quantity of wagers he could put. At some point, it was discovered that Mickelson  was betting with someone else, which caused his offshore bookies to halt his wagers.

According to Walters’ data, Mickelson wagered $110,000 a total of 1,115 times, $220,000 a total of 858 times, and an average of nine wagers each day throughout 2011 (totaling 3,154). Walters thinks that Mickelson has lost close to $100 million in gambling with a total of $1 billion in bets over the previous 30 years based on his records and conversations with others.

After utilizing information obtained from Thomas Davis of Dean Foods Co. to make millions in unauthorized stock trades, Walters was found guilty of insider trading in 2017. Despite being included in the lawsuit, Mickelson was not prosecuted and gave back the approximately $1 million he earned through a deal with Dean Foods.

According to Walters, “Phil’s gambling losses [between 2010 and 2014] approached not $40 million as has been previously reported, but much closer to $100 million based on our relationship and what I’ve since learned from others.”

“In all, he wagered a total of more than $1 billion during the past three decades.”

According to Walters, he did not object to the magnitude of Mickelson’s bets.

“As I said, Phil liked to gamble as much as anyone I’ve ever met,” Walters writes.

While departing Trump National Bedminster on Thursday during a LIV Golf pro-am, Mickelson declined to comment on the charges.

 

FOR MORE SPORTS COVERAGE- 

Chiefs & Chris Jones Still Holding Out: What Does The Lineman Expects Out Of The Team?