Phil Mickelson Bet $1 Billion, Loses $100 Million, New Book Claims

Billy Walters has a reputation as one of America’s most controversial and high-profile sports bettors. and in a new book due out later this month He has revealed his memories of gambling with Phil Mickelson, who seem to have matched him in “The Nightmare Before Christmas”. both volume and intensity Mickelson has total bets of at least $1 billion. Walters Quote with a loss of as much as $100 million

In an excerpt from “Gambler: Secrets from a Life at Risk” published to the Fire Pit Collective, Walters details how he and Mickelson teamed up to place the big bet offshore. By the name of Mickelson and the expertise of Walters.

“Phil said he had two offshore accounts to take big action from him,” Walters wrote. “Over the decades I’ve worked with partners and beards. Phil has as many accounts as anyone I’ve ever seen. You can’t get that type of account without wagering millions of dollars.”

Mickelson has a limit of up to $400,000 for college and NFL games and $100,000 for college over/under bets. Walters wrote which is much more than most gamblers get When foreign books accepted Mickelson’s betting style that “Much more disciplined than usual,” thanks to Walters’ input. Mickelson then switched to another account.

One of the most serious allegations in the excerpt was a suggestion that Mickelson attempted to bet $400,000 on the outcome of the 2012 Ryder Cup. Walters refused to accept the bet. Saying that Mickelson might ruin his entire reputation.

“You’re seen as a modern-day Arnold Palmer,” Walters told Mickelson. “Are you going to risk it all for this? I don’t want any part.”

Mickelson backed off. Walters, though, admits he could have bet elsewhere. The US team, leading 10-6 in Sunday’s singles, It suffered one of the biggest collapses in golf history, losing 14 1/2 to 13 1/2. Mickelson’s loss to Justin Rose was part of a losing effort.

Walters recorded what he said was Mickelson’s amazing betting record from 2010 to 2014:

“From our relationship and what I’ve learned from others,” Walters wrote. “Phil’s gambling losses were closer to $40 million as previously reported, but closer to $100 million. In total, he’s wagered more than $1 billion over the past three decades.”

In early 2022, Mickelson found himself the target of criticism when he condemned Saudi Arabia for human rights. while encouraging the use of their financial resources to enhance the PGA Tour. He was suspended from the tour for several months in early 2022 and soon after jumped to LIV Golf for a widely reported $200 million.

“To be honest, considering Phil’s annual earnings and net worth at the time, I have no problem with his bets. And it still isn’t,” Walters wrote. “He’s a big gambler. And big gamblers place big bets. His money is to spend what he wants.”

Walters was convicted of insider trading in 2017, sentenced to five years in prison and sentenced to a $10 million fine. Use insider information related to Walters. Although he lost nearly $1 million in earnings earned by trading the stock bought by Walters’ tips, “Gambler: Secrets from a Life at Risk” is scheduled for release August 23.