Phil Mickelson Opens Up About Losing MILLIONS From Gambling

[Rufsilf]

I think there are secretly a lot of people who have lost millions gambling. And then it doesn't even matter if it's online or if it's been in a land-based casino. Only with online you have the opportunity to play with large bets faster. Just think of professional football players that you read about who also gambled. Then we are not talking about a few thousand euros. I think it's great of him that he talks about it, many people who have lost so much money would keep it behind closed doors, which is also very understandable.

I think when doing casino gambling it will not feel that you have used enough money and no results are obtained but if you do sports gambling I think you should be able to make a profit because some sports betting can be predicted even though not all predictions are correct at least there must be something right and can provide benefits. When gambling, you should at least know that here you can lose assets with a very large value if you are not lucky, so gambling must be careful in stepping.

Whether it was sports betting or in casinos, any form of gambling will give you losses if you are not in control already (addiction). We have to understand that before we got into this gambling, we already know that will possibly get after. It doesn't mean that we all gonna lose in gambling, of course, winning is possible but what went wrong is that we mostly chase our losses thinking we can get it back but sadly, we end up losing more. We have to correct this kind of mindset otherwise, this becomes the reason for emptying our bank accounts and properties.

[tabas]

Gambling is very risky and we should be ready to bear the consequences if we eventually make loses due to our pattern of gambling. As a gambler, we need to have good knowledge of what we are gambling on so to avoid loses and any attempt that will derange our quest for gambling. I think he was able to make loses as a result of selfishness and not paying good attention to how he needs to gambler especially when we are having consistent loses.

Do not forget about the control and also the amount that you're dedicating to gamble. Do not pass that rule you've made that you're only allowed to spend this xx much for your gambling needs. And if you did pass that, there's only one sign that you need to remember and that is you need to stop. It's not only Phil that has this tremendous loss and they're regretting that they should have never pass that and afraid to tell it to the public because they think that it's embarassing.

[qwertyup23]

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.

The risk and reward scenario is what captivates gamblers more into spending their resources into this activity. Unfortunately, when rich people are involved into this game, they pour at least majority of their resources into a single night which can yield them a profit/loss of around millions.

Imagine, building a career for years and years only to destroy it into an activity which involved a small amount of satisfaction. With tons of stories and millionaires suffering from gambling addiction, I just hope this becomes an eye opener to everyone about its destructive effects.

[Lanatsa]

Gambling is very risky and we should be ready to bear the consequences if we eventually make loses due to our pattern of gambling. As a gambler, we need to have good knowledge of what we are gambling on so to avoid loses and any attempt that will derange our quest for gambling. I think he was able to make loses as a result of selfishness and not paying good attention to how he needs to gambler especially when we are having consistent loses.

Do not forget about the control and also the amount that you're dedicating to gamble. Do not pass that rule you've made that you're only allowed to spend this xx much for your gambling needs. And if you did pass that, there's only one sign that you need to remember and that is you need to stop. It's not only Phil that has this tremendous loss and they're regretting that they should have never pass that and afraid to tell it to the public because they think that it's embarassing.

Regret do always come in the end which does simply means that if you dont like to suffer huge financial losses then you should really be that aware or setting out border lines or limits whenever you do really tend to touch

up gambling.You could really lost lots of money or the worst you would lost it all, there's no such thing about millions because losses could really be an endless line if you do tolerate that greed of yours.

You could lose all of the things you do possess in life you do tolerate that gambling addiction of yours.If you dont like for it to happen then you should really need to have that good control.

[goinmerry]

You could lose all of the things you do possess in life you do tolerate that gambling addiction of yours.If you dont like for it to happen then you should really need to have that good control.

Easier said than done. We are not in the place to say control things if we don't experience yet being a big whale like Phil Mickelson. These guys are capable of spending big on gambling that's why we will never know the feeling they dealt with during their gambling days. These whales are losing big every day but they won't feel it because they still have lots of resources. It's good that after losing millions in gambling on the process, they realized that something worst now happened.

What if they didn't have that experience of losing big? For sure they are still gambling up to today.

That losing experience leads them to stop that's why I don't find it regretful if they lose those big amounts since, in return, they have become a better person later on. Blessing in disguise that they suffer those losses rather than continue to enjoy gambling.

[Silberman]

I think there are secretly a lot of people who have lost millions gambling. And then it doesn't even matter if it's online or if it's been in a land-based casino. Only with online you have the opportunity to play with large bets faster. Just think of professional football players that you read about who also gambled. Then we are not talking about a few thousand euros. I think it's great of him that he talks about it, many people who have lost so much money would keep it behind closed doors, which is also very understandable.

Without a doubt there are many people that have lost a fortune over the years due to some gambling issues they are carrying out, however some people are so rich that most likely they have not realized all the money they have lost since their lifestyle has not been affected enough for them to realize, but there are a few athletes or stars that have developed such huge issue with their gambling that they end up losing it all, and those are very sad cases as it is incredible to see people that had everything going for them end up in such a deplorable state.

[Lanatsa]

You could lose all of the things you do possess in life you do tolerate that gambling addiction of yours.If you dont like for it to happen then you should really need to have that good control.

Easier said than done. We are not in the place to say control things if we don't experience yet being a big whale like Phil Mickelson. These guys are capable of spending big on gambling that's why we will never know the feeling they dealt with during their gambling days. These whales are losing big every day but they won't feel it because they still have lots of resources. It's good that after losing millions in gambling on the process, they realized that something worst now happened.

What if they didn't have that experience of losing big? For sure they are still gambling up to today.

That losing experience leads them to stop that's why I don't find it regretful if they lose those big amounts since, in return, they have become a better person later on. Blessing in disguise that they suffer those losses rather than continue to enjoy gambling.

We cant really blame out those whales on what they should gonna do into their funds and same as you said that they have lots of resources which they could able to compensate or patch up on what they had lost or

been used.Its true that its easier to be said than to be done and its true that we arent into their feet on experiencing on what they are experiencing now which neither they are tending to stop but they cant or just
totally proceeding because they do know that they could able to sustain despite of those losses.

Its not bad to gambler as long you could able not to affect your financial status and as long you could sustain then that what matter the most.Learnings from emotional aspect is just next in line.

[tabas]

Do not forget about the control and also the amount that you're dedicating to gamble. Do not pass that rule you've made that you're only allowed to spend this xx much for your gambling needs. And if you did pass that, there's only one sign that you need to remember and that is you need to stop. It's not only Phil that has this tremendous loss and they're regretting that they should have never pass that and afraid to tell it to the public because they think that it's embarassing.

Regret do always come in the end which does simply means that if you dont like to suffer huge financial losses then you should really be that aware or setting out border lines or limits whenever you do really tend to touch

up gambling.You could really lost lots of money or the worst you would lost it all, there's no such thing about millions because losses could really be an endless line if you do tolerate that greed of yours.

You could lose all of the things you do possess in life you do tolerate that gambling addiction of yours.If you dont like for it to happen then you should really need to have that good control.

I've seen gamblers that have lost all, everything that they have because they cannot control themselves any longer. That's why they've got into debt, lost their properties, savings, car and even their partners.
It's a shame that they have to lose everything that they can and realizes it only at the end that they no longer have everything. But, I also saw those stories of those gamblers that have been in that situation and then retrieved themselves and got a better life and they've recovered.

[harizen]

It's a shame that they have to lose everything that they can and realizes it only at the end that they no longer have everything. But, I also saw those stories of those gamblers that have been in that situation and then retrieved themselves and got a better life and they've recovered.

Not just in gambling but sometimes, these people have to experience the worst-case scenario of their life before turning into responsible and disciplined people.

The same as those people who got scammed, they will never learn what to do next if they didn't experience anything bad. The worst experience is one of the very effective recipes for forming a good foundation for our experience. Without that bad experience, the progress won't be smooth along the way.

After all, if we just experience winning, we will never think in our life of stopping or moderating our gambling activity.

[LUCKMCFLY]

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.

Gambling addiction is something that we can't get rid off unless we start taking the preventive measures not to fall for it more. But for us not to fall for gambling addiction and lose millions, it's better that we should not enter gambling anymore. Mickelson has been chasing his luck and even his losses that he end up losing millions without his realization. Sad to say that those huge amount of losses can be even more profitable if he managed not to lose it all in gambling.

Well, a loss is a loss, but I think that all this problem starts from the moment that we have no discipline, if you have discipline, all problems associated with addiction disappear, there is a similarity between gambling and trading and that is that many players and traders when they lose in an operation or game, they believe that they are right and fall into the error of trying to seek revenge and both in trading and in gambling, everyone who seeks revenge will have everything to lose, here is the smartest thing to do What you can do is when you have a losing streak to stop and continue later or even the next day.

[tabas]

It's a shame that they have to lose everything that they can and realizes it only at the end that they no longer have everything. But, I also saw those stories of those gamblers that have been in that situation and then retrieved themselves and got a better life and they've recovered.

Not just in gambling but sometimes, these people have to experience the worst-case scenario of their life before turning into responsible and disciplined people.

The same as those people who got scammed, they will never learn what to do next if they didn't experience anything bad. The worst experience is one of the very effective recipes for forming a good foundation for our experience. Without that bad experience, the progress won't be smooth along the way.

After all, if we just experience winning, we will never think in our life of stopping or moderating our gambling activity.

Well said and that's truth about life. There's no feeling of having the great moments of winning if you never gone through despair and losing a lot.
You'll finally able to realize that whatever you have right now, you must be grateful to it. And to these people that have lost a lot of buck speaks well of themselves and surely have learned the lessons and they're applying it to themselves.

[serjent05]

I've seen gamblers that have lost all, everything that they have because they cannot control themselves any longer. That's why they've got into debt, lost their properties, savings, car and even their partners.
It's a shame that they have to lose everything that they can and realizes it only at the end that they no longer have everything. But, I also saw those stories of those gamblers that have been in that situation and then retrieved themselves and got a better life and they've recovered.

There is a saying that you'll never know what is the worth of something unless you lost it.  At least the guy didn't end his life, if he does then it is the end of everything.  Whatever losses we had, financially, in career, in love life, or whatever, the best thing is going back up.  It is a great thing to admit mistakes, and ask for help and advice from professional and medical experts if needed. 

I wholely agree that anyone who recovered from severe losses becomes a better person.  Since they know how they get there, they are able to prevent themselves from repeating the same mistakes.  Just like this song said What Doesn't Kill You Make you stronger

[Finestream]

“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.”

He doesn't want people to know because he knows that people especially the young ones are looking up to him as a role model, when you are on top of your game you don't want people to know your skeletons in the closet because it will ruin your legacy and your reputation, its good that he opened up and honest on his being a gambling addict, he is not the only one there are also high profile athletes who are very much into gambling and they have overcome it.

Well, we all have our own ups and downs in life, and even high profile individuals are not an exception. In fact, they may be experiencing a lot compared to us, it's just that some have come to manage them and some have failed. But thanks to Phil as he end up being honest about losing millions from gambling. People would learned from his experience, that once gambling is abused, it will never do good in the end, and would only make a gambler a big loser more than he can ever imagine.

[coolcoinz]

At least he had the experience to share. Like I've never had millions to spend, so losing it on gambling would at least have been an adventure of some kind. Like when you hear that someone crashed a lambo. At least he had it for a while and drove it to the end of its road
That said, I hope he recovers from the addiction and one day is able to talk about it all with a smile, drinking beer, not like it's a personal tragedy but more like something he survived and became stronger.

[goaldigger]

At least he had the experience to share. Like I've never had millions to spend, so losing it on gambling would at least have been an adventure of some kind. Like when you hear that someone crashed a lambo. At least he had it for a while and drove it to the end of its road
That said, I hope he recovers from the addiction and one day is able to talk about it all with a smile, drinking beer, not like it's a personal tragedy but more like something he survived and became stronger.

That’s still a bad experience honestly, he should have avoided it the moment he undergo for therapy but the worst still happened. This is a story that everyone should reflect on, no matter how much your money is if you are too attached to gambling you might be one of those gambler who are in big trouble right now. NBAA stars are prone to this since they have the money and gambling is legal in their place, if there’s no professional handling their finances, most probably they will end their career broke.

[Johnyz]

At least he had the experience to share. Like I've never had millions to spend, so losing it on gambling would at least have been an adventure of some kind. Like when you hear that someone crashed a lambo. At least he had it for a while and drove it to the end of its road
That said, I hope he recovers from the addiction and one day is able to talk about it all with a smile, drinking beer, not like it's a personal tragedy but more like something he survived and became stronger.

That’s still a bad experience honestly, he should have avoided it the moment he undergo for therapy but the worst still happened. This is a story that everyone should reflect on, no matter how much your money is if you are too attached to gambling you might be one of those gambler who are in big trouble right now. NBAA stars are prone to this since they have the money and gambling is legal in their place, if there’s no professional handling their finances, most probably they will end their career broke.

Therapy doesn’t guarantee that it can free you from your addiction, it will still depend on you if you really want to and if you really have the desire to quit gambling. Not just NBA players but also celebrities, many fall into the big trap of gambling and as you can see, many lose their careers because of gambling addiction. This is a reminded to ever gamblers, avoid too much playing time and always control yourself.

[chaser15]

Therapy doesn’t guarantee that it can free you from your addiction, it will still depend on you if you really want to and if you really have the desire to quit gambling.

All gambling recovery methods don't guarantee anything but they are a big help to the gambler that wants to get out of addiction.

Obviously, it needs the cooperation of the person itself but how can they cooperate if they are struggling? That's the role of that therapy as it will somehow ease the addiction of that said gambling. It's a great start compared to doing nothing.

Let's appreciate those institutions, organizations, and volunteers that are willing to help someone who falls out of gambling.

[Fatunad]

Therapy doesn’t guarantee that it can free you from your addiction, it will still depend on you if you really want to and if you really have the desire to quit gambling.

All gambling recovery methods don't guarantee anything but they are a big help to the gambler that wants to get out of addiction.

Obviously, it needs the cooperation of the person itself but how can they cooperate if they are struggling? That's the role of that therapy as it will somehow ease the addiction of that said gambling. It's a great start compared to doing nothing.

Let's appreciate those institutions, organizations, and volunteers that are willing to help someone who falls out of gambling.

Yes, its still appreciable in regarding these services which do focused towards gambling addiction and to those people who are affected by it.It might not really be that relevant most of the time since
addiction could really be solved out personally or by yourself but there are indeed people which cant really able to help themselves when it comes to that which these things do really end up to be
relevant but of course the amount or pf wont really come cheap which is understandable. Losing millions or huge chunk of money could really happen in gambling field thats why
you should be mindful in towards your actions and goals or mindset towards gambling and never make yourself get greedy and chasing up losses in the end of the line.

[wheelz1200]

Honestly a ton of professional sports stars are huge gamblers.  Most are sports betting but even with regular casino games.  They are all world competitors and are addicted to the "win".  Sad but more stories of sports stars going broke is mainly due to gambling.

[rahmad2nd]

Therapy doesn’t guarantee that it can free you from your addiction, it will still depend on you if you really want to and if you really have the desire to quit gambling.

All gambling recovery methods don't guarantee anything but they are a big help to the gambler that wants to get out of addiction.

Obviously, it needs the cooperation of the person itself but how can they cooperate if they are struggling? That's the role of that therapy as it will somehow ease the addiction of that said gambling. It's a great start compared to doing nothing.

Let's appreciate those institutions, organizations, and volunteers that are willing to help someone who falls out of gambling.

of course there are no guarantees, even addiction can relapse for gamblers who have had therapy sessions, and this applies to any addict. 
I think we agree that therapy is a last resort for someone who has become addicted to gambling and wants to quit. 

there are many methods that they do to help release a person from addiction including giving certain types of drugs that can help recovery. I agree what you say I really appreciate it. 
we should appreciate those involved and fighting to free the many people who have become addicted to gambling.