New Book Reveals Phil Mickelson’s Sports Gambling of $1 Billion
In a breaking article by the Action Network: Renowned golfer Phil Mickelson’s gambling escapades have taken center stage as revelations
In a breaking article by the Action Network: Renowned golfer Phil Mickelson’s gambling escapades have taken center stage as revelations emerge of his multi-billion dollar wagers spanning three decades. Billy Walters, a prominent figure in the world of gambling, shares unprecedented insights in his forthcoming autobiography, “Gambler: Secrets from a Life at Risk,” published by Simon & Schuster’s Avid Reader Press.
In a partnership between 2010 and 2014, Mickelson and Walters navigated the gambling world, with the legendary bettor’s system aiding Mickelson’s foray into sports betting. While Mickelson leveraged Walters’ system, Walters capitalized on Mickelson’s fame and novice betting status, leveraging far higher betting limits than himself. The profits were split down the middle, an arrangement detailed in Walters’ book.
The partnership unveiled unique opportunities for Mickelson, who could reportedly stake $400,000 on both college football and NFL games with offshore books. This translated to stakes 10 to 20 times greater than what Walters could commit, as disclosed in the autobiography.
Walters’ account of Mickelson’s betting journey includes a notable anecdote from September 2012. Allegedly, Mickelson sought Walters’ assistance to place a $400,000 bet while he was participating in the Ryder Cup, backing the American team’s victory. Walters, responding with strong disapproval, likened the situation to the controversies surrounding Pete Rose.
Mickelson’s response to the claims was swift. In a statement on Twitter, he denied betting on the Ryder Cup. He acknowledged his penchant for friendly wagers during golf but affirmed his commitment to maintaining the game’s integrity. Mickelson has openly discussed his struggles with gambling addiction, expressing remorse and undergoing therapy to overcome it.
Walters’ documentation highlighted the staggering extent of Mickelson’s betting activities. Mickelson wagered $110,000 to win $100,000 in 1,115 instances and $220,000 to win $200,000 on 858 bets. The cumulative total for these wagers reached an astounding $311 million.
The autobiography also delved into a day in 2011 when Mickelson placed nearly 43 bets on Major League Baseball games, ultimately incurring a substantial loss of $143,500. Walters remarked that the only individual he knew who surpassed such betting volume was himself.
The partnership between Mickelson and Walters concluded in 2014 under the cloud of a joint investigation by the FBI and the SEC, linked to alleged insider trading of Dean Foods stock. Mickelson reimbursed close to $1 million and evaded further punishment. In contrast, Walters was convicted and sentenced to five years in prison.
The fallout from their partnership’s end resonates with Walters, who claims that Mickelson refrained from publicly affirming the absence of inside information sharing. Walters contends that Mickelson’s simple acknowledgement could have potentially averted his imprisonment.
As these revelations surface, Phil Mickelson’s intriguing dual life as a revered golfer and a high-stakes gambler captivates both sports enthusiasts and curious observers alike.