Phil Mickelson Opens Up About Losing MILLIONS From Gambling

[avikz]

Just another real life example of what addiction can do. I wouldn't say gambling specifically because the keyword here is "addiction". Any addiction is bad. Be it gambling, smoking, drinking etc. In gambling, you loose your wealth and in smoking, you compromise your health. So it's very necessary for the addicted person to seek medical help. Phil Mickelson is just an example of what addiction can do to us and clearly a warning for the addiction population.

[jrrsparkles]

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.

Its hard to see many sport persons are losing their wealth due to the addiction, its clearly says he is gambling for very long time but didn't found the way of self control because it is important no matter how much wealth we have it won't take that much longer to lose them all. Again we have to remember the gambling is for entertainment purposes not to make money, when we do anything beyond the limits its called addiction it will broke us mentally and financially.

[ethereumhunter]

5 years of gambling, but he didn't realize that he had already spent so much money and suffered a huge loss. It was a terrible gambling story that I know because why would he spend so much money just for playing gambling if he could use the money for his family and save up, he would have been enjoying life without having to spend hours on his therapy.

We can believe in our skills in sports and place bets there but we must also know that we also have limits that we must not break. If we break it, it's only a matter of time before losing even more money. This is a lesson for us never to spend so much money just to play gambling.

[Ulven]

 In the gambling business, there are many addicts who cannot realize that they are heading towards the abyss. Gambling is not a profession in which we can make profits in the short and long term, but we can join it just for fun and play what we can afford to lose.
if a guy is enrolling himself in therapy and he understands that there is something wrong with him and he is opening up about it in public, it definitely is an act of kindness. It shows others that a guy is trying hard to fix his problems and make himself better for the future.
That's why phil will remain a lesson to all the athletes who have a lot of money if they don't know how to put it to good use they will lose it by joining the gamble.

[Smartvirus]

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.

Gambling addiction is no easy addiction. It's a game that always breaths hope of profits but in reality, it ends in loses. Worst still, is in this case where you are the athlete and so you trust in your abilities, completely undermining that of your opposition. You feel entitled and way too confident and forget entirely the risk that is involved in Gambling as your so focused only on winning. This in turn builds on you a different kind of emotion, an emotion that dears you to be perfect at every shot or move you make, knowing fully what is at stake and that's how the error comes in. Its not always a good idea to bet on yourself or even view the live display of the game you've bet on. It makes you too emotional all through the game and that's not very enjoyable.

[kamvreto]

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.

Those who gamble and just play, they are useless trash. Unlike people who gamble and think about how they spend their money when they win and think about strategies when they lose. It all depends on how they do the gambling.
Famous people who gamble and lose of course they still have a lot of money in reserve and don't let all their money to gamble. Gambling also needs strategy and management, don't prioritize greed.
Addiction is indeed a disease that is not easy to treat, there must be a loss incident like Phil Mickelson to be aware.

[Markinzo]

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.

There's a level of addiction you can get to in gambling that you breed a reckless confidence that only ends you in financial ruin that you can only discover yourself back only when your financial life have gone bizzare. Like a kind of confidence that builds an assurance within you that you can win the next game by increasing your bet just after a previous loss, and it goes on over and over again until you're left with nothing and I think that's the situation Mickelson found himself.

Every good gambler should know when to call it a quit and that is what some persons have failed to understand that's why they do end up in great loss to gambling.

 I sympathize with him and pray the therapy helps him recovers fully.

[YOSHIE]

I often watch and read Phil Mickelson's work on golf and the way he bets on gambling, Phil Mickelson is often nicknamed the 'Lefty' in the game of golf.

A case like this in 2012, if I'm not mistaken it also happened to Phil Mickelson, he had to pay around $48 million, to Billy a professional gambler at that time, maybe this is the umpteenth time Mickelson has experienced bad gambling, I think Mickelson's career is not bright anymore in gambling, it seems he should retire soon and live a normal life without gambling.

I think in terms of gambling, maybe we should be able to control ourselves in gambling people as great as Phil Mickelson, can fall if greed is prioritized without good calculations, this can be a valuable history for addicts of the true meaning of gambling.

[FanEagle]

I would say that when you have an addiction that make you lose over 56 million dollars and you STILL end up a rich person, that seems like a good deal to me. Addiction is definitely a terrible thing and there is nobody denying that at all, but at the end of the day if you are talking about someone who is wealthy and afterwards still wealthy, that is not a "cautionary tale" to any addicted person.

It's like saying "look at this guy, he was an addict, gambled 56 million dollars away, and he still has tens of millions of dollars in his bank account, so he got off fine" and I would say that's terrible. People literally became homeless and turned to a life of crime because of addiction, Phil got off fine.

[coin-investor]

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.

Opening up about your losses and your mistakes in gambling is part of the therapy it's being honest with your mistakes and admitting them and a willingness to correct them is a good move for a gambler to be a better person, Phil is on the right track, and he is not the only one, there are many sports person who is or were very much into gambling on the peak of their career, the temptations are there especially if you're betting in a sport where you are in where you have an insight on your co-players and events.
It is not yet late for sportsmen like them as long as they are serious and really want to get a cure for their addiction, they excel in the sports they are in they can pass in their therapy too.

[TopT3ns]

I think this is a person who has lost a very large amount because he gambled for a long time and in the end only got regrets, it is better when you want to gamble you must understand first that this has a very high risk and you should play it safe better instead of taking extreme gambling. Hopefully from this incident Phil can get back up and of course let's play gambling again but in a safe way and stay careful.

[Silberman]

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.

I remember reading the news some weeks ago about Phil Mickelson losing a fortune while gambling, at the time I disregarded this as it was coming from a nonofficial source but now it seems to have been corroborated by him, it is sad because he is someone that did not really needed to go through anything like this as at the first signs of trouble he should have tried to get help, but when you have so much money it takes a lot of time until you begin to feel the effects of all the money lost, so it is not surprising he has lost so much money over the years at gambling.

[coin-investor]

I remember reading the news some weeks ago about Phil Mickelson losing a fortune while gambling, at the time I disregarded this as it was coming from a nonofficial source but now it seems to have been corroborated by him, it is sad because he is someone that did not really needed to go through anything like this as at the first signs of trouble he should have tried to get help, but when you have so much money it takes a lot of time until you begin to feel the effects of all the money lost, so it is not surprising he has lost so much money over the years at gambling.

You only realize it when gambling is taking a toll on your pocket or your mental health, gambling addicts will have to lose almost everything and feel the abyss to finally realize that they really need help and cure their addiction, opening up and admitting is the first step and important step, but looking at the amount he loses in gambling one will only feel the waste of money, this is something that you don't want to happen to you.

[Maslate]

The fact that the is into therapy, only says he already has a gambling problem in him. Losing millions of dollars is okay as long as you can afford to lose, everyone has our range in gambling, but if we go beyond that range, that's where the problem will start.

This is for all of us, we have to learn our lessons, not necessary that we will lose before we learn, we should learn from other people's experience, so OP thanks for sharing.

[Baofeng]

I guess him and other sports personalities who have amassed millions in their career will fall on gambling as part of coping maybe specially if they have sort of retired. And that's where many athletes in the past become bankrupt, not taking care of their money, maybe through gambling and bad investment. Hopefully he can still control himself and the therapy will help him with his gambling addiction. That is huge amount that he wasted, money that some of us could only dream of having one day. And the lesson here is that everyone could be susceptible to gambling, even those who have money.

[Saisher]

The fact that the is into therapy, only says he already has a gambling problem in him. Losing millions of dollars is okay as long as you can afford to lose, everyone has our range in gambling, but if we go beyond that range, that's where the problem will start.

This is for all of us, we have to learn our lessons, not necessary that we will lose before we learn, we should learn from other people's experience, so OP thanks for sharing.

Yeah I agree only therapy can cure gambling addictions if you are making millions you can go on losing money from gambling and you won't even regret it but once the money coming in stops, that's when you realized that you have a worse gambling addiction, Phil did the right thing and its not yet late after he is cured he will be a good example and a role model to people who are addicted to gambling.

[KennyR]

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.

This is what we say fate, because what he lost is a big money. With this a big number of people can have a very good life through their entire life. For him this is his hard earned money, out of some plans he went for making it big. The risk he took didn't give him success and made him loss. He was in the act of chasing his loss with bigger bets which is the reason why he have lost such a big money. Anyhow atleast by now he could make his life successful stopping to chase the losses.

[goinmerry]

That bad experience is good for me. If he continues to win, then he might not wake up someday to realize that something is not good. He is financially capable to support his gambling habits that's why I don't consider that a mistake for him. He never becomes a madman or irresponsible even after losing that amount. More importantly, he now understands that continuing to gamble might not help.

And no, he never chases losses but rather just wants to earn more even earning lots already at his beloved sports - greed.

In gambling, it's more entertaining to earn more, and that is what big whales do, not to chase their losses.

[agustina2]

He might lose big, about millions, but I think he still has lots of gas on his tank remaining. Better that he becomes responsible after losing big as a career in his sports is not forever. He is getting big paychecks during his active days that's why he never got affected by his loss from gambling and can sustain it in the long run until 1 day, he realized that it's not good anymore.

Whales before turning to a responsible gamblers should really lose big to trigger that behaviour. Without that big loss experience, they won't learn.

[bittraffic]

He might lose big, about millions, but I think he still has lots of gas on his tank remaining. Better that he becomes responsible after losing big as a career in his sports is not forever. He is getting big paychecks during his active days that's why he never got affected by his loss from gambling and can sustain it in the long run until 1 day, he realized that it's not good anymore.

Whales before turning to a responsible gamblers should really lose big to trigger that behaviour. Without that big loss experience, they won't learn.

Unfortunately, its a bit late when a person has to experience a big devastating event in life to get the lesson sink in to change his life. more than $50M is more than a life time retirement fund.

He must have heard of famous people who got broke because of gambling such as Coco Diaz. People talk about them in the gambling table. The realization occur to someone when he is already alone and without money.