The Margin: Phil Mickelson allegedly tried to bet $400,000 on a Ryder Cup he was playing in

by | Aug 10, 2023 | Stock Market

Golf star Phil Mickelson has gambled more than $1 billion on football, basketball and baseball over the past three decades, a forthcoming book claims. Professional gambler and Las Vegas businessman Billy Walters alleges in a book due out on Aug. 22, “Gambler: Secrets from a Life of Risk,” that Mickelson placed hundreds of bets with him for exactly $220,000 and 1,115 bets for precisely $110,000 over the span of three decades. What’s more, Walters estimates that Mickelson lost more than $100 million on his bets during the multidecade span. That’s according to excerpts of the book reported by The FirePit Collective.

“The only other person I know who surpassed that kind of volume is me,” Walters wrote. Walters is viewed as one of the more successful professional gamblers in recent memory, with sportsbooks limiting the amount he could wager at their establishments. He was convicted of insider trading in 2017 and served five years in federal prison. Mickelson was named in that insider-trading case; he was not accused of wrongdoing but agreed to pay back close to $1 million earned on a stock tip he received from Walters. Walters said he met Mickelson for the first time at the 2006 AT&T Pebble Beach Pro-Am, and the two formed a betting partnership two years …

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