Golf Legend Phil Mickelson’s $1 Billion Sports Betting Spree Exposed by Gambling Veteran Billy Walters

Phil Mickelson, the well-known golfer, has been exposed for his staggering involvement in high-stakes sports betting. This startling disclosure comes from none other than his former partner, Billy Walters, a legendary figure in the realm of gambling. Over the course of three decades, Mickelson’s bets on sports events are reported to have exceeded a jaw-dropping $1 billion, with losses nearing an astounding $100 million mark.

Billy Walters sheds light on these astonishing details in his upcoming autobiography titled “Gambler: Secrets from a Life at Risk,” set to hit the shelves later this month under Simon & Schuster’s Avid Reader Press.

From 2010 to 2014, Mickelson and Walters formed a unique partnership in the world of gambling. Mickelson took full advantage of Walters’ proven betting strategies, which had yielded substantial gains throughout Walters’ illustrious gambling career. In return, Mickelson’s celebrity status and his amateur gambling standing allowed him to place bets of an unprecedented magnitude, well beyond Walters’ limits. The profits reaped from their partnership were evenly shared, illustrating the depth of their collaboration.

A glaring example of Mickelson’s favored position was his ability to place bets as high as $400,000 per college football and NFL game through offshore books, a luxury far exceeding Walters’ reach.

Walters’ autobiography also unveils intriguing betting trends. Mickelson’s bets included instances where he risked $110,000 to potentially win $100,000, a scenario that played out an astonishing 1,115 times. Additionally, he bet $220,000 with hopes of securing $200,000 on a total of 858 occasions. The cumulative value of these wagers alone is staggering, amounting to an eye-popping $311 million.

A significant turning point came in 2014 when the partnership between Mickelson and Walters concluded amid investigations by the FBI and SEC regarding possible insider trading related to Dean Foods stock. While Mickelson opted to make amends by reimbursing nearly $1 million, Walters faced legal consequences, ultimately receiving a five-year prison sentence.

The autobiography also provides insights into Mickelson’s alleged reluctance to publicly confirm a shared truth with the FBI. According to Walters, Mickelson declined to acknowledge that he never shared insider trading information, a statement that could have potentially influenced Walters’ legal situation.

The book also highlights a notable event in December 2021 when former President Donald Trump extended a pardon to Walters.

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