Phil Mickelson wagered $1 billion in 30 years and lost nearly $100 million, claims former associate; Know key revelations here

economictimes.indiatimes.com:

Phil Mickelson. According to Walters, Mickelson's gambling matched his own in terms of both frequency and fervor. Mickelson is reported to have wagered at least $1 billion and faced losses of up to $100 million, as disclosed by Walters in his upcoming book.

An excerpt from the upcoming book «Gambler: Secrets from a Life at Risk,» revealed by Fire Pit Collective, sheds light on the collaboration between Billy Walters and Phil Mickelson in making substantial offshore bets, capitalizing on Mickelson's name and Walters' expertise. Detailing their partnership, Walters writes, «Phil said he had two offshore accounts that would take big action from him...In all the decades I’ve worked with partners and beards, Phil had accounts as large as anyone I’d seen. You don’t get those types of accounts without betting millions of dollars.» Mickelson enjoyed unusually high betting limits, such as $400,000 for college and NFL games, along with $100,000 for college over/under bets, according to Walters.

Recognizing the distinct shift in Mickelson's more disciplined betting behavior due to Walters' involvement, offshore bookmakers noted this pattern and Mickelson swiftly moved to another account. The excerpt contains a startling claim: that Mickelson aimed to place a $400,000 bet on the outcome of the 2012 Ryder Cup. Walters declined to facilitate the wager, expressing concern that Mickelson's reputation could be jeopardized.

Walter states in the book that he reminded him of his revered status, akin to Arnold Palmer's while also telling Mickelson, «You’d risk all that for this? I want no part of it.» Ultimately, Mickelson relented, though Walters acknowledges that he could have pursued the bet elsewhere. The U.S. team, which had a