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Phil Mickelson gambling

Phil Mickelson wanted $400k bet on 2012 Ryder Cup, says old gambling partner

Phil Mickelson’s former gambling partner Billy Walters has written of the six-time major winner’s betting exploits in “Gambler: Secrets from a Life at Risk”

 

Phil Mickelson wanted to bet $400,000 on USA to win the 2012 Ryder Cup, says his former gambling partner.

Billy Walters wrote in “Gambler: Secrets from a Life at Risk” that Mickelson requested the bet on the phone from Medinah to which Walters replied, “Have you lost your f****** mind?”

Walters pondered if the six-time major winner placed the bet elsewhere after talking him down from the wager, in an excerpt of the book first revealed by the Fire Pit Collective.

The author, who served five years in prison for insider trading, wrote in the excerpt Mickelson’s total gambling losses neared $100 million and his total stakes in the last three decades to be over $1 billion.

His intended bet on the Ryder Cup the USA famously lost is part of a list of wagers the author reports Mickelson placed between 2010 to 2014, including over 7,000 bets on American football, basketball and baseball.

Walters wrote Mickelson placed 3,154 bets in 2011 which is an average of nine per day, 43 of which came on June 22.

The pair began a betting partnership in 2010 after meeting in 2006 at Pebble Beach. Walters wrote that part of their agreement was to split everything 50/50 to share the risk and reward.

Phil Mickelson gambling

Walters was attracted to a partnership with Mickelson because of his extensive betting limits. He wrote his limits were $20,000 stakes in college football matches and $50,000 for professionals, but Mickelson’s supposedly reached $400,000.

“Phil liked to gamble as much as anyone I’ve ever met,” Walters wrote in the exceprt. “Frankly, given Phil’s annual income and net worth at the time, I had no problems with his betting.

“And still don’t. He’s a big-time gambler, and big-time gamblers make big bets. It’s his money to spend how he wants.”

Walters and Mickelson had golf matches usually worth $10,000 according to the book and he would offer “quiet counsel” to Mickelson over gambling.

“In all the decades I’ve worked with partners and beards, Phil had accounts as large as anyone I’d seen,” he also wrote. “You don’t get those types of accounts without betting millions of dollars.”

The 45-time PGA Tour winner, who earned over $95 million on the US circuit, has previously described his gambling addiction as “reckless and embarrassing.”

Speaking at LIV Golf’s first-ever event at Centurion Golf Club in 2022, Mickelson said he’d had “hundreds of hours of therapy” and “worked tirelessly” to address his gambling issues.

Mickelson has responded to the excerpt released from Walters’ book:

What do you think of the Billy Walters Phil Mickelson gambling excerpt? Tell us with a tweet!

Read more: Phil Mickelson says up to five LIV golfers could play in Ryder Cup

phil mickelson gambling

Matt Chivers

Matt Chivers

Now on the wrong side of 25, Matt has been playing golf since the age of 13 and was largely inspired to take up the game by countless family members who played golf during his childhood.

Matt is a member at Royal Cinque Ports in Deal playing off a 5 handicap, just a pitching wedge away from his hometown of Dover where he went to school and grew up. He has previously been a member at Etchinghill and Walmer and Kingsdown in Kent.

Having studied history at the University of Liverpool, Matt went on to pass his NCTJ Exams in Manchester a year later to fulfil his lifelong ambition of becoming a journalist. He picked up work experience along the way at places such as the Racing Post, the Independent, Sportsbeat and the Lancashire Evening Post.

Matt joined NCG in February 2023 and is the website’s main source of tour news, features and opinion. He has reported live from events such as The Open, the Ryder Cup and The Players Championship, having also interviewed and spoken to the likes of Rory McIlroy, Tommy Fleetwood, Lee Westwood, Graeme McDowell, Henrik Stenson, to name just a few.

Consuming tour golf on what is a 24/7 basis, you can come to Matt for informed views on the game and the latest updates on the PGA Tour, DP World Tour, LPGA Tour, Ladies European Tour and LIV Golf.

What’s in Matt’s bag: Cobra LTDx LS driver, Cobra LTDx 3-wood, TaylorMade P7MC irons, Ping Glide 4.0 wedges, Odyssey putter.

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