Phil Mickelson has bet more than $1 billion over the past three decades. and wants to bet $400,000 on the 2012 Ryder Cup while playing for Team USA according to the book predicted by famous gambler Billy Walters.
The remarkable betting predictions that Walters gave — based on his own detailed notes from what he describes as two authoritative sources — are detailed in an excerpt from his book. Walters’ “Gambler: Secrets from a Life at Risk”
Scheduled for release on August 22, FirePit Collective received a book exemption. Mickelson’s executive group did not immediately respond to an email from The Associated Press seeking comment.
Walters is widely regarded as America’s most famous gambler, claiming a winning streak of more than 30 years in a row.
He said he ended his gambling partnership with Mickelson in 2014, two years later. Mickelson was defended in Walters’ insider trading case. Mickelson was never charged and had to pay back the approximately $1 million he agreed to buy the stock. Walters was found guilty and sentenced to five years in prison. He said he could avoid going to jail if Mickelson told him to. “The Simple Truth”
Walters said he never told Mickelson he had inside information about Dean Foods stock.
“All Phil had to do was speak publicly. He refused,” Walters wrote. “As a result, I lost my freedom. tens of millions of dollars And the heartache that I still go through every day while I was in jail my daughter committed suicide I still believe that I can help her if I’m outside.”
Walters said Mickelson told him he had two offshore accounts. And Mickelson has a limit of $400,000 for college games and $400,000 for the NFL.
He said that based on detailed records and additional notes obtained from news sources, Mickelson’s bets between 2010 and 2014 include:
— Wager $110,000 to win $100,000 on 1,115 times and bet $220,000 to win $200,000 on 858 times alone came out to just $311 million.
— Mickelson in 2011 made 3,154 bets for the year. And on one day (June 22), he placed 43 bets on Major League Baseball games resulting in a loss of $143,500.
— He placed 7,065 bets on football, basketball and baseball.
“From our relationship and what I’ve learned from others. Phil’s gambling losses weren’t as high as $40 million as previously reported, but were closer to $100 million. In total, he has bet a total of over $1 billion over the past three decades,” Walters wrote.
“The only other person I know who is above that level is me.”
Walters said they first met at the 2006 AT&T Pebble Beach Pro-Am and formed a gambling partnership two years later.
The most amazing thing for Walters He wrote in an excerpt. was a phone call from the 2012 Ryder Cup in Medina. He said Mickelson was so confident he asked Walters to bet $400,000 on the U.S. winner.
“I couldn’t believe what I heard,” Walters wrote. “’Have you lost your mind (expletives)?’ I told him, ‘You don’t remember what happened to Pete Rose.’ The former Cincinnati Reds manager was banned from baseball for betting on his team. ‘You are seen as the modern Arnold Palmer,’ I added. ‘You’re going to risk it all for this.’ I don’t want any part of it.”
He said Mickelson replied, “OK, that’s fine.”
“I don’t know if Phil bet anywhere else. Hope he comes to his senses,” Walters wrote.
Europe recovered from a 10-6 deficit on Sunday, the biggest comeback by an away team. Mickelson and Keegan Bradley won three matches in a row. Before Mickelson urged team captain Davis US third love relax on a saturday afternoon Mickelson’s one-match loss to Justin Rose marked a pivotal moment in Europe’s comeback.
The PGA Tour suspended Mickelson in early 2022 for helping Saudi-backed LIV Golf recruit PGA Tour players. He signed a contract with LIV for bonuses worth up to $150 million.
In an interview with Sports Illustrated last year, Mickelson was asked about speculation he was in financial trouble.
“My gambling has reached the point of being reckless and embarrassing. I have to deal with this,” Mickelson said in an interview.
“Gambling has been a part of my life since I can remember. But about 10 years ago, I would say it was reckless,” he says. “It was embarrassing. Truth is, I’ve been dealing with it for a while now. (Wife) Amy was very supportive of me and the process. We are in a place after so many years that I feel comfortable with where it is. It is not a threat to me or my financial security. It was just a bunch of bad decisions.”
Walters was so successful with gambling operations that bookmakers often limited the amount of his bets. He will cooperate with others with greater limits. He wrote that his partnership with Mickelson was a 50-50 split.
“Over the decades I’ve worked with partners and bearded people. Phil has as many stories as anyone I’ve ever seen,” Walters wrote. “You don’t get this type of account without wagering millions of dollars.”
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