Walters: Mickelson bet more than $1 billion on sports in 30 years

Walters: Mickelson bet more than $1 billion on sports in 30 years

In his soon-to-be-released biography, “The Gambler,” famed sports bettor Billy Walters claims that Phil Mickelson wagered more than $1 billion on sports over a 30-year stretch.

Walters’ book, co-authored by Armen Keteyian, will be released on Aug. 22. The details of Mickelson’s gambling were revealed in an excerpt from the book that was published today by Fire Pit Collective.

Walters says that Mickelson called him from Medinah Country Club ahead of the 39th Ryder Cup matches between players from Europe and the United States. He wanted to make a $400,000 bet on the US to defeat the Euros.

According to Walters, he told Mickelson, “Have you lost your fucking mind? Don’t you remember what happed to Pete Rose? You’re seen as a modern-day Arnold Palmer. You’d risk all that for this? I want no part of it.’’

“Alright, alright,” he replied.

Walters says he doesn’t know if Mickelson made the bet elsewhere. As it turns out, the Europeans produced the best comeback in Ryder Cup history that’s known as “The Miracle at Medinah.”

According to Walters, he and Mickelson partnered up and gambled together over a five-year stretch between 2009 and 2014. The renowned golfer had access to offshore accounts that would take heavy amounts of money – $400,000 limits on college and NFL sides, plus $100,000 on college ‘over/under’ plays – that Walters didn’t have access to.

Based on his five years of partnering with Mickelson and “two very reliable sources,” Walters says he learned the following about his former friend’s sports betting habits between 2010 and 2014:

1: Mickelson made wagers risking $110,000 to win $100,000 on 1,115 separate occasions.

2: He placed 858 different bets risking $220,000 to win $200,000.

3: Mickelson made exactly 3,154 wagers in 2011, an average of almost nine bets per day.

4: In football, basketball and baseball, he placed 7,065 different bets.

5: Mickelson lost $143,500 from the results of 43 different wagers he made on MLB games on June 2 of 2011.

Walters also says that Mickelson’s gambling losses are “much closer to $100 million” rather than the $40 million number that’s previously been reported.

The excerpt ends with this: “My book explores how Phil finagled his way out of not one, but two cases that ended in criminal convictions. As my book makes clear, Phil is not always the person he seems to be.”