Tom Brady's Gambling and HUGE loss.

[tread93]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

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[electronicash]

not sure if this is going to be in the gambling forum.

yes, he bet on FTX and lose. and right after FTX becomes a scam, his wife and Brady broke up. pretty sure, it's the reason why. money definitely affects relationships. he could be unstable for now, any team that would take him might just think twice.

[pixie85]

I feel like his choice of investing in FTX was influenced by big money that Fried gave him. When a celebrity advertises something you can be sure there was large money at play just like with Kevin O'leary,
They got a lot of money, saw that SBF was loaded and this clouded their judgement. They were victims of a scam rather than gamblers.

not sure if this is going to be in the gambling forum.

yes, he bet on FTX and lose. and right after FTX becomes a scam, his wife and Brady broke up. pretty sure, it's the reason why. money definitely affects relationships. he could be unstable for now, any team that would take him might just think twice.

If we agree that his investment choices were indeed gambling then the topic should be here, if we don't and say these were more of a career and wealth choices, it should be in off-topic or maybe politics and society. It's like those threads asking if investing in bitcoin is gambling. It can be considered a gambling discussion or not, depending on how you see it.

[dothebeats]

Tough luck, I should say. He might be a baller in NFL but he obviously isn't that lucky when it comes to these chances and a lot of other things. FTX is an investment that not everyone thought would go the way it did, because SBF was very open to whatever questions the media has in the exchange and was a very likeable guy, not until all of his secrets were uncovered and all of his poor decisions exposed. I wouldn't blame Brady for believing in FTX, as other renowned investors also took their chance on the said exchange. It would have been a good decision had it not been for SBF misappropriating the funds of the exchange and using it for his own good.

Anyhow, that's gambling for you. You win some, you lose some.

[btc_angela]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

For sure he has made a big gamble on FTX, if I'm not mistaken, he is one of those who had the laser eye viral for crypto? So he really went all in with his money or with her wife Giselle (than time), and now ex-wife. And he has been seen with SBF in public many times with picture of both of them together.

So I guess he has been in this game for so long that for sure he will bounce back. And yeah probably since a one year contract on whoever team is willing. It will be sentimental if NE will pick him up again, but who knows.

[ChiBitCTy]

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 

[BitcoinAccepted]

He is very rich and has a great wealth. He may have lost a lot gambling, but certainly not all of his wealth. And he's quite active in the movie business, he definitely gets a few million per movie he's in. But you don't know if he keeps gambling or decides to stop now. It is always difficult to verify such stories. Often things are hyped up in the media to get ratings. Incidentally, there are many more movie stars who become addicted to drugs, alcohol and that is regularly accompanied by a gambling addiction. But the difference is that these movie stars can miss the money quite easily since a lot of money comes in again over time.

[Fivestar4everMVP]

Sorry to use the word but I think he was just plain stupid, I never do and will never sympathize with this type of gamblers, I am sure he knew what he was doing when he was betting thing he probably can not afford to loose, though I don't know who this man is, but he's name does ring a bell, I am just right now imagining the possibility of me gambling to the extent of betting my marriage, this is a thing only a fool at forty would do.
I don't pity him in any way.

[Mate2237]

I also have sympathetic mood with him but Tom being a professional gambler would have quickly realized himself and walk away. And some why gamblers loss Suh huge amount of because of greediness. They want to win all. That is the final hope all gamblers. They are always having hope to win big and that is also killing them. He wouldn't use his marriage for gambling, now he is bearing the pain alone. Wish ones are always play or bet According to their pockets not outside the jurisdiction. All is well. God will elevate him again

[ryzaadit]

Do you want my thoughts? nothing, it's normal.

He was gambling & investment, that's mean he is already aware the risk and cons for what he did. So, nothing surprise at all for what he get right now. Even the loss is effected on his economy, the easy things about celebrity or famous people.

He still can use the famous of his name, to gain at least some source of income.

[Ojima-ojo]

Sorry to use the word but I think he was just plain stupid, I never do and will never sympathize with this type of gamblers, I am sure he knew what he was doing when he was betting thing he probably can not afford to loose, though I don't know who this man is, but he's name does ring a bell, I am just right now imagining the possibility of me gambling to the extent of betting my marriage, this is a thing only a fool at forty would do.
I don't pity him in any way.

Dude went overboard and took too high a risk, well now that this exit scam of FTX has rendered him bankrupt and he lost his marriage what is he goi g be channelling his energy into now?

I guess this dude was high on something, I don't have the full gist of how all this happens and the details of what led to his divorce.

Did he gamble his marriage as a bet, or did he just riak all his life savings on acquiring some FTX token and assets or did a hard a large pool in the trading and lending platform that has been suspended with investors' funds locked?

[Fortify]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

While nobody should take any sort of happiness out of others misery, he absolutely brought this on himself and it was done out of greed. If he had approached a proper financial advisor and took their advice, he would be sitting on a diversified income stream from the huge salaries and endorsements that he has earned over time. Instead, based only on the way you described it, he took a punt on one major investment which has turned bad. The only reason people do these things is that they were sold the idea that it would double, triple or otherwise multiply his money in a short period of time. Wise money invests in the long game and expects small but steady returns over time. Either way, he has enough history to work a smaller fortune back up because he has a massive fan base who will sustain him.

[Fatunad]

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 

If there are no solid proofs then all of the words would be floating around would really just remain speculations which its never been that good to make out or draw some conclusions without any basis.i
If he had been into that situation then it is really just  that safe but as long a certain person wont that quit and still thrive then everything would really be having the solution.
Lets just not make out some conclusive approach about others problems because each of us does have a problem and would really differ to each other.
Lets just hope that he would be able to make it.

[AmoreJaz]

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 

If there are no solid proofs then all of the words would be floating around would really just remain speculations which its never been that good to make out or draw some conclusions without any basis.i
If he had been into that situation then it is really just  that safe but as long a certain person wont that quit and still thrive then everything would really be having the solution.
Lets just not make out some conclusive approach about others problems because each of us does have a problem and would really differ to each other.
Lets just hope that he would be able to make it.

i'm with you here. i am a believer of the saying, "there's hope as long as you're alive". so yeah, even if he seemed to lose everything today, if he won't give up, he can still recover those losses. maybe not his ex-wife, but at least get back on his feet financially. for sure, he still has some savings to go on with this life. remember, a lot of people on this world are living paycheck to paycheck or even just few hundred bucks a month. he's an athlete, he can very well find another job or team, if he is not choosy.

[Slow death]

something I noticed in those years is that the rich rarely become completely poor, especially in today's world where wealth calls for more wealth, I believe he still has a lot of money to live on until he dies, of course the loss he had was regrettable in FTX but as he also had many people who lost money, I know that many people will say that he was not very smart in the move he made

but we need to look at this situation in the following way: we have binance, which has been a highly successful and reliable exchange for years, so guys with money and the idea of creating an exchange similar to or better than binance appear, this all generates a lot of optimism in the market attracts many people, how many people would be thinking things like: ¨ the owner of the ftx could be a scammer ¨, if someone said that at the beginning, it would be seen as crazy

[famososMuertos]

OP, The drama is that one of the best athletes in contemporary history, it is important to highlight, it is not just about the NFL, it is not capable of assuming his retirement.

Nothing is perfect, he is human and that adrenaline that winning generates him and spending his whole life doing the same thing and with such success, what leads him to the mental exhaustion of what to do?  How I live the rest of my days without that adrenaline rush from each game and knowing that I can win.

What he did to go to the Tampa Bay Buccaneers and win one more championship, it's something that... How to describe that!  Amazing!

Done, retire after that, what else is there to look for... nothing.

But it is a situation that all athletes go through, most of whom do not know how to manage their retirement.

[goaldigger]

Being a player and gambler at the same time can’t work all the time, its too bad for Tom on losing almost everything. This is not the end yet for him, he should focus more on his playing and be better. From all his bad experiences last year, I do hope that he will find his way to rise again and hopefully he already learned the lesson. Gambling is bad if you take it too much, greed and addiction will take you on a bad situation.

[coolcoinz]

Tough luck, I should say. He might be a baller in NFL but he obviously isn't that lucky when it comes to these chances and a lot of other things. FTX is an investment that not everyone thought would go the way it did, because SBF was very open to whatever questions the media has in the exchange and was a very likeable guy, not until all of his secrets were uncovered and all of his poor decisions exposed. I wouldn't blame Brady for believing in FTX, as other renowned investors also took their chance on the said exchange. It would have been a good decision had it not been for SBF misappropriating the funds of the exchange and using it for his own good.

Anyhow, that's gambling for you. You win some, you lose some.

SBF was a good liar but many people saw through him months ago. You can see videos of people calling him out at least a month before the collapse. I won't shed a tear for Tom because he was advertising this scam. It's one thing to be an investor and another to be promoting this for other people to see and making them lose their money alongside of him and his wife.
Of course we don't know if he really lost money and how much because it appears that most of the money allegedly defrauded by SBF is still there, so there's a chance most people will get their investment back. Maybe Tom isn't as much under as people think he is.

[livingfree]

money definitely affects relationships.

This is now becoming a common thing when it's come to relationships not just from normal people like us but even in celebs and athletes.

But it is a situation that all athletes go through, most of whom do not know how to manage their retirement.

Right, many of them aren't prepared to face the future because they're earning big with such contracts as of the moment. But little did they know, their fame and strength will eventually fade and the future will show them on what type of person they are in handling their finances.

[Baofeng]

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 

Probably we really don't know, but once Tom decided to go back to football again, that's were all the rumored circulated and then we hear later that Giselle has filed for divorce. So it just makes us wonder if that could really be one of the biggest reason since Giselle goes into public way before that he didn't want Tom to go back to that sports because of Tom's age.

Anyhow, every person has to take that gamble in life, it just so happen for him that he associated with the wrong person of power (SBF), and then invested almost half a billion if I read the reports correct. But that is his decision and it goes backfired.