Renowned gambler Billy Walters writes in his book that Phil Mickelson wagered more than $1 billion in the last 30 years, including trying to bet on the 2012 Ryder Cup that he played in.
He said he ended his betting partnership with Mickelson in 2014. Two years later, Mickelson was a relief defendant in Walters' insider trading case. Mickelson was never charged and had to repay about $1 million he made off a stock deal. Walters was convicted and sentenced to five years in prison. He said he could have avoided prison if Mickelson had told a “simple truth.”“All Phil had to do was publicly say it. He refused,” Walters wrote.
— Betting $110,000 to win $100,000 on 1,115 occasions, and betting $220,000 to win $200,000 on 858 occasions. That alone comes out to just over $311 million. “I could not believe what I was hearing,” Walters wrote."'Have you lost your 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. ‘You’re seen as a modern-day Arnold Palmer,’ I added. ‘You’d risk all that for this?’ I want no part of it.’’“I have no idea whether Phil placed the bet elsewhere. Hopefully, he came to his senses,” Walters wrote.
In an interview with Sports Illustrated last year, Mickelson was asked about speculation he was having financial troubles.
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