Phil Mickelson Opens Up About Losing MILLIONS From Gambling

[bittraffic]

https://www.youtube.com/watch?v=1qBpH9DK370

“Gambling has been part of my life ever since I can remember. But about a decade ago is when I would say it became reckless. It’s embarrassing. I don’t like that people know.”

Another biggest loser in gambling is on the list adding to the competitive personalities they have in sports. He had been gaming since 2010-2014. Five years of gambling, yet he didn't realized he is not that good like his prime, he must be chasing his loss like everyone who in the process resulted to more loss. Mickelson suffer over $56 million in gambling loss and also spend hours for his therapy. When a guy already enroll himself in a therapy, you can tell its already bad.

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

[michellee]

One more worst example that we can use as a real example of gambling made him sink and lose a lot of money and undergo therapy sessions to get rid of his addiction. The more we chase our losses in gambling, the more we will actually lose money and if we don't wake up quickly from what we are doing, we could end up with him and it could even get worse. There are indeed some people who can win a lot of money from gambling, but that is rare and can be counted on the fingers and those are the people who are really lucky in gambling. We should not try to follow them because our luck will not be like theirs.

[Don Pedro Dinero]

Oh my goodness! With that kind of money, many families can live with a high quality of life without having to work.

I think that type of personality is hooked on the adrenaline rush that sport gives him, and finds something similar in gambling.

The only good thing is that it seems that the therapy worked for him and he quit gambling, otherwise he would probably be bankrupt today despite having earned so much money.

[Oshosondy]

It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

He has already knows that he is making nothing from gambling than losses, he should know already that he should stop, he has money and he suppose not to take gambling as a means to earn that has resulted to loss for him. He can be the best therapy of himself, he should just quit for like a year or two or even more and never gamble. If he wants to still gamble and see it as fun,  he can later gamble with the money he can afford to lose, dividing it into the amounts that will be suitable for him and to the periods of time he wants to use it for gambling. I am always not happy to see some people getting addicted when it supposed not to be, gambling nis not and has never been a means of earning, but should just be taken as fun and nothing more.

[dimonstration]

This is brutal loss since he is a world class golfer that won many championship in the past. He loss all his savings that he earn on his career and I think the pain will not gonna easily go even with therapy during that times. I suffer too a massive loss in the past and I’m still remembering it until now. I don't watch the full video of his statement but I’m sure he is ok now since he is sharing now his depressing life experiences.

Losing 100$ is already painful so I really feel the pain on this kind of video.

[Rruchi man]

When a guy already enroll himself in a therapy, you can tell its already bad.

It is even good that he did not lie to himself about needing help and mustered the courage to go for it. He is not the biggest loser and there are definitely other people in same situation as his or even worse, but are being reluctant to even admit it to themselves that they need therapy. People who are less likely to talk to someone, most preferably a professional about their situation, end up getting depressed by the thought of it making suicide an option for them.

People should see Phil's story as a motivation to get help and speak up about those losses and gambling problems that are weighing them down. If we have more persons with gambling problems in therapy, suicidal rate for gamblers will drastically reduce.

[swogerino]

This is another crystal clear example that the feeling that is more emphasized in a human being is greed,a famous golfer like him which I suppose has made quite a lot of money and could afford a normal wonderful life thanks to his profession as a sportsman and with those earnings he could have also left money to future generations yet he decided to gamble a lot of such money.

I discuss a lot with colleagues which are also my friends when he have lunch break and I tell them once I have enough money to have a good life I don't want more money and they reply to me "so they say a lot of people who have not yet tried the illness of money,greed once it hits you it is a one way street so we pray that it doesn't hit you".I had never enough money to try to live a life without working and just doing what I like but I believe I will not be as reckless as the example of this sportsman.

[Smartprofit]

The problem with Phil Mickelson is that he is a professional golfer. 

Professional athletes are prohibited from betting on sports.  Phil probably gambled in secret.  Guilt prevented him from concentrating on the game and provoked bad decisions. 

Phil Mickelson was also rumored to be involved in buying and selling shares in Dean Foods using insider information.  True, the Securities and Exchange Commission (SEC) carefully investigated this story and did not find corpus delicti in Phil's actions. 

However, Phil is clearly not limited to playing sports. 

He is probably a very gambling person and is constantly involved in various adventures.

[Maus0728]

I've read his name somewhere on the internet -- I don't exactly remember where or when, but it is closely related to the Saudi Arabian government issue with Phil being affiliated with them.

AFAIK, this guy accepted an invitation to a golf game hosted by Saudi Arabian government, despite reports of their human rights violations. Guess what! Of course he accepted the invitation bagging a large amount of money. Yikes!

[dataispower]

One more worst example that we can use as a real example of gambling made him sink and lose a lot of money and undergo therapy sessions to get rid of his addiction. The more we chase our losses in gambling, the more we will actually lose money and if we don't wake up quickly from what we are doing, we could end up with him and it could even get worse. There are indeed some people who can win a lot of money from gambling, but that is rare and can be counted on the fingers and those are the people who are really lucky in gambling. We should not try to follow them because our luck will not be like theirs.

desperate gamblers has different ideology in gambling, i will not totally blame him because if his intentions is to recover what he loses it might work out for him. Because before it develop such ideas that means someone else has survived in such format or has made it through subsequent gambling whenever it loses. Because from local kind of gamble which we throw a dice I have seen someone who spent up $2000 in gamble and all his hope was lost, and he went home empty handed and return with $500 to restart the dice gamble but at the ends he went home with $10,000. The scenario is that gambling is a game of luck and chance. Maybe the continues gambling will make him to recover all in one hit. Except it dont play with strategies.

[yazher]

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

When you hear those stories where successful people mess up after their retirement, it's always not far from these reasons, whether it's gambling or drugs, and sometimes women because some of them are womanizers who spent lots of money to satisfy their desires. Now that they realized their mistakes in the past, some of them are late to fix everything back but the rest of the athletes that are still in the league, need to consider pondering upon these stories to save themselves and do the right thing when they are no longer getting money from sports industries.

[dothebeats]

This is a good example on how gambling affects even the most experienced people in their craft. Dude's probably knew almost everything about golf; knows the ins and outs of most courses, knows the strengths and weaknesses of players in the tournament, among other things that normal bettors and watchers don't. If we are to ask for advice on golf, he'll be the guy we'd go to because he knows more than us, but yet he ends up losing huge amounts on gambling even on his own sport. If you are that deep into the rabbit hole, there's no going back. Perhaps on his case though he can still stomach the $56 million of losses in gambling, but for most of us here, it's game over and a point of no return.

[slaman29]

I think some people get really unlucky in the sense that they started out lucky. And that had a good streak of luck for years, and then thought they were good -- kind of like trading people who get lucky and then think they are professionals in trading.

And a good reminder to us all that even pros have the same weaknesses as us in chasing losses and not knowing when to put limits. Even worse when you believe you should be better than others because you know the game/sport.

Thanks for sharing. Good to remind us all.

[Kakmakr]

Phil Mickelson is a human ..just like the rest of us. He might have more money than the average person, but he can still become greedy or he might just enjoy the adrenaline rush that comes with taking big risk.  

You have obviously not seen "Drake" gambling on Stake.    He gave away about $1 000 000 with his last gambling Stream session to Stake.com gamblers. (He also lost about $9 000 000 ..during that session.... well technically speaking .. his balance was about $21 000 000 at one time)

If you watch the whole video, you will see that Phil said that he did not lose everything, but he did admit that he made some very reckless bets on gambling.  

[Get-Paid.com]

It's worth noting the US Open (Golf) starts today in about 2 hours from now, and Phil Mickelson is going to participate.
The oddsmakers estimate his chances fo winning the US Open as 500 to 1:

https://bitcointalk.org/index.php?topic=5402568.0

[crwth]

I'm just sad that he has been in therapy for quite a while, but he still managed to gamble so much. If he knew he had a problem before and had to go to treatment, it's highly likely that it would be harder to fix. Either he is not motivated to improve himself, or the therapy sucks.

I hope he manages to recover the loss of millions or find a way to have a fruitful ending with it. In which the therapy works and it helps the person.


This is an article about Phil Mickelson, and it's reported that he lost $40 million in gambling. That's so much.

https://sports.yahoo.com/phil-mickelson-acknowledges-reckless-gambling-addiction-amid-report-he-lost-40-m-190837433.html

[Wexnident]

Wellllll I don't really think the amount matters here as long as he can handle it (which seems like he actually can, for now, anw). I do hope therapy helps at least to some degree since I know some cases with my friends where therapies did jack on helping them actually move on. Especially if we consider how his wealth isn't exactly going to infinitely increase so losing millions continuously isn't really anything good. I do wonder if he has a tally of his winnings or at least the ratio of W/L since I'm curious whether he's really just unlucky about losing on matches he bet big or he just loses a majority of his bets.

[fiulpro]

I think if a guy enrolls himself in therapy, he is not bad actually he understands that there is something wrong with him that he has to fix therefore if he understands that fact and is opening up about it in public, he definitely is doing everyone a favour as well.

This might definitely encourage other people to definitely try and get therapy as well, it's all about acceptance and working with something to make it better.


He is not a simple gambler he does earn a lot and he can afford some losses as well therefore I think it won't be a big deal for him at the end of the day.

[cabron]

Wellllll I don't really think the amount matters here as long as he can handle it (which seems like he actually can, for now, anw). I do hope therapy helps at least to some degree since I know some cases with my friends where therapies did jack on helping them actually move on. Especially if we consider how his wealth isn't exactly going to infinitely increase so losing millions continuously isn't really anything good. I do wonder if he has a tally of his winnings or at least the ratio of W/L since I'm curious whether he's really just unlucky about losing on matches he bet big or he just loses a majority of his bets.

Just like the other athletes that also got into gambling and lose a lot of his earning. It isnt surprising anymore these day since we have heard of them like Mike Jordan and Charles Barkley who also suffer the same fate.

When people has tons of money, they dont just send it to help people as charity, sometimes they also spend just about anything like gambling in casino. Although they lose huge amount, they're not poor.

What they have to overcome is the addiction. Because thats the real battle.

[Doell]

There is a beneficial message behind that person's misfortune, the more chasing the loss and more out of control it will lead to serious bankruptcy. The emotion that explodes when lose in gambling, triggers that's brain to keep chasing it. Even though we often see professional gamblers who always keep their emotions and always think clearly when gambling, the basic application is always difficult for addicts to do.