It isn’t a threat to me or my financial security. We’re at place after many years where I feel comfortable with where that is. (Wife) Amy has been very supportive of it and with me and the process. The fact is I’ve been dealing with it for some time. But about a decade ago is when I would say it became reckless,” he said. “Gambling has been part of my life ever since I can remember. I had to address it,” Mickelson said in the interview. “My gambling got to a point of being reckless and embarrassing. In an interview with Sports Illustrated last year, Mickelson was asked about speculation he was having financial troubles. He signed with LIV for a bonus reported to be upward of $150 million. The PGA Tour suspended Mickelson in early 2022 for helping Saudi-backed LIV Golf recruit PGA Tour players. Mickelson lost his singles match to Justin Rose, a pivotal moment in Europe's comeback. captain Davis Love III to rest them Saturday afternoon. Mickelson and Keegan Bradley won three straight matches before Mickelson urged U.S. Hopefully, he came to his senses,” Walters wrote.Įurope rallied from a 10-6 deficit on Sunday, staging the greatest comeback by a visiting team. “I have no idea whether Phil placed the bet elsewhere. He said Mickelson replied, “Alright, alright.” ‘You’d risk all that for this?’ I want no part of it.’’ ‘You’re seen as a modern-day Arnold Palmer,’ I added. "'Have you lost your (expletive) mind?' I told him, ‘Don’t you remember what happened to Pete Rose?' The former Cincinnati Reds manager was banned from baseball for betting on his own team. “I could not believe what I was hearing,” Walters wrote.
He said Mickelson was so confident he asked Walters to bet $400,000 for him on the U.S. Most stunning to Walters, he writes in the excerpt, was a phone call from the Ryder Cup in 2012 at Medinah. Walters said they met for the first time at the 2006 AT&T Pebble Beach Pro-Am, and formed a betting partnership two years later. “The only other person I know who surpassed that kind of volume is me.” In all, he wagered a total of more than $1 billion during the past three decades,” Walters wrote. “Based on our relationship and what I’ve since learned from others, Phil’s gambling losses approached not $40 million as has been previously reported, but much closer to $100 million. He placed 7,065 bets on football, basketball and baseball.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 that resulted in $143,500 in losses.That alone comes out to just over $311 million. He said based on his detailed record and additional records provided by sources, Mickelson's gambling between 20 included: Walters said Mickelson told him he had two offshore accounts, and that Mickelson had limits of $400,000 on college games and $400,000 on the NFL. While I was in prison, my daughter committed suicide - I still believe I could have saved her if I'd been on the outside.” “The outcome cost me my freedom, tens of millions of dollars and a heartbreak I still struggle with daily. Walters said he never told Mickelson he had inside information on Dean Foods stock. He said he could have avoided prison if Mickelson had told a “simple truth.” Walters was convicted and sentenced to five years in prison. Mickelson was never charged and had to repay about $1 million he made off a stock deal. Two years later, Mickelson was a relief defendant in Walters' insider trading case. He said he ended his betting partnership with Mickelson in 2014. Phil Mickelson and Three Other Golfers Drop Out of Antitrust Suit Against PGA Tour
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