Billy Walters, an old gambling associate of Mickelson, claims golfer bet $1 billion over 30 years
McIlroy’s comments come after Billy Walters claimed in his autobiography that six-time Major winner Mickelson wagered $1 billion on sports over 30 years.
Walters’s 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 Tiger Woods at the Ryder Cup. 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.” Walters, released from prison in 2020 and granted clemency by Donald Trump in 2021, claimed “all Mickelson had to do [at Walters’s trial] was come forward and tell the truth.”Walters said in addition to the stock tips, he formed a high-limit betting partnership with Mickelson. Walters said the incentive was simple – he wanted to increase his own limits with offshore books, who didn’t know the bets placed by Mickelson were largely Walters’s plays.
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