Billy Walters, an old gambling associate of the golfer’s, says Mickelson was talked out of placing a $400,000 bet on his own team at the Ryder Cup
Phil Mickelson's gambling habits were revealed in book by Billy Walters. Photograph: Warren Little/GettyPhil MickelsonWalters’ book, Gambler: Secrets from a Life of Risk, outlines in part Mickelson’s alleged staggering gambling habits and losses, including one instance when he was talked out of placing a $400,000 bet on the US at the 2012 Ryder Cup he was playing.
A notorious professional gambler, Walters went to prison in 2017 following a conviction on 10 counts of conspiracy, securities fraud and wire fraud related to “ill-gotten gains” trading Dean Foods stock. Walters shared insider information around, who made multiple stock purchases totalling $931,000 and was forced by the Securities and Trade Commission to repay $1 million.
Walters wrote in his book, “Phil’s gambling losses approached not $40 million as has been previously reported, but much closer to $100 million. In all, he wagered a total of more than $1 billion during the past three decades.”
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