Phil Mickelson Opens Up About Losing MILLIONS From Gambling - page 2.

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Quote from: Lanatsa on June 29, 2022, 06:55:33 PM

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.

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Quote from: tabas on June 29, 2022, 06:47:40 PM

Quote from: Wakate on June 29, 2022, 10:17:55 AM

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.

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Quote from: dimonstration on June 16, 2022, 01:37:11 AM

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.

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Quote from: Wakate on June 29, 2022, 10:17:55 AM

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.

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Quote from: TopT3ns on June 29, 2022, 05:37:26 PM

Quote from: BitcoinAccepted on June 29, 2022, 04:05:08 PM

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.

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Quote from: BitcoinAccepted on June 29, 2022, 04:05:08 PM

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.

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Quote from: Quidat on June 29, 2022, 05:00:11 PM

Quote from: BitcoinAccepted on June 29, 2022, 04:05:08 PM

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.

Only a few percent or even not 1% of those big gamblers loses big time who had surfaced out on the web or media. Cool

Most of them do remain quiet but secretly losing up millions
of money because of gambling and cant really be avoided that this is totally a shameful situation for someone to be known thats why its not surprising that you would really be seeing
only a few who had been known on losing that big but basing on the gambling industry or market we do have which is flourishing and makes more in numbers then it does
signifies that there are lots of losers who do keep feeding these places and now it is really becoming even more a trend.

They remain quiet because its a big shame especially if there family members and friends know that they lose a lot of money on gambling, for sure the story of OP is not the only exist because for sure for how big scoop the gambling reach on for sure a lot of people especially huge rollers out there get burned heavily.

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Quote from: BitcoinAccepted on June 29, 2022, 04:05:08 PM

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.

Only a few percent or even not 1% of those big gamblers loses big time who had surfaced out on the web or media. Cool

Most of them do remain quiet but secretly losing up millions
of money because of gambling and cant really be avoided that this is totally a shameful situation for someone to be known thats why its not surprising that you would really be seeing
only a few who had been known on losing that big but basing on the gambling industry or market we do have which is flourishing and makes more in numbers then it does
signifies that there are lots of losers who do keep feeding these places and now it is really becoming even more a trend.

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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.

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Quote from: virasisog on June 29, 2022, 10:29:29 AM

Quote from: aioc on June 24, 2022, 10:46:48 AM

Quote from: bittraffic on June 15, 2022, 09:32:50 PM

Quote

“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.

That's such a huge amount of loss but the good thing is he has learned from his mistakes. One common thing that gambling addiction could do to us is that we'll lose everything and would only notice it when we're on the edge of our journey.
Gambling addiction could take away not just our money but also our jobs, savings, relationships, and more so we should know how to control things in the beginning.

That is a "huge" amount to people like you and me, and yes it's a big chunk for him as well but know the difference between him and us. He is a professional golfer who made much more money than that, sure wouldn't it be nice if he all that money with him? Of course it would be.

But that doesn't change the fact that we couldn't even make that if we all got together here, 100 of us, for all our lifetime, wouldn't reach what he lost. This is why I do not really feel the same pity to him that I feel towards people who lose their livelihoods on gambling, they are idiots too and they deserve our pity and hope they recover. This dude could get someone bankroll him again anyway.

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Quote from: aioc on June 24, 2022, 10:46:48 AM

Quote from: bittraffic on June 15, 2022, 09:32:50 PM

Quote

“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.

That's such a huge amount of loss but the good thing is he has learned from his mistakes. One common thing that gambling addiction could do to us is that we'll lose everything and would only notice it when we're on the edge of our journey.
Gambling addiction could take away not just our money but also our jobs, savings, relationships, and more so we should know how to control things in the beginning.

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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.

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If this is someone who isn't that rich, then this loss could've affected his career and life. For a person like Phil Mickelson it is part of his career and if he had continued it. Sometimes he might've ended losing big. According to the Wikipedia data the 2015 salary is $51m. So, according to me what he have lost is an year's salary.

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Quote from: Silberman on June 27, 2022, 04:00:42 PM

Quote from: ethereumhunter on June 25, 2022, 01:10:48 PM

Quote from: LogitechMouse on June 25, 2022, 10:36:39 AM

I also believe that if you have that much money, and you have nothing to spend your money with, that is the time when you think of gambling. Some NBA players have been addicted to gambling. There are some professional athletes that are getting addicted to gambling because they don't know where to spend much money with. Recovering with gambling addiction might be hard for others, but I think he can recover from it knowing that his career might be affected aside from his personal life if he will just continue to gamble.

If they want to think about what they will do with their money, they can choose to invest in property or set up a business that they manage by hiring experts to get more profit. After getting more profits, they can donate it to people who can't afford it. I guess that would be better than using the money for gambling. But indeed, they are also humans who sometimes have the desire to spend their money at the gambling table. But in the end, many of them get addicted and some may lose all their money because of gambling.

What happens is that we must not forget that many athletes go from having almost no money to millionaires almost overnight, so what happens to them is something similar to what we see with lottery winners, in which they get so much money so fast they do not know what to do with it and then they squander all of that money away, at least in this case he still has a lot of money, but there have been cases in which athletes that made a fortune lost everything and are now living in poverty.

That's one of the saddest thing that could happen to a celebrity, we have seen some of them living in poverty, doesn't even want to face a camera anymore because he is wearing a worn out shirt with cheeks so deep. Some of them so afraid to walk on public places because paparazzis going to publish his photo.

But for Phil Mickelson who got used to his rich life style and got old with it, its going to be rougher times. I believe his is trying to recover from this ordeal.

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Quote from: ethereumhunter on June 25, 2022, 01:10:48 PM

Quote from: LogitechMouse on June 25, 2022, 10:36:39 AM

I also believe that if you have that much money, and you have nothing to spend your money with, that is the time when you think of gambling. Some NBA players have been addicted to gambling. There are some professional athletes that are getting addicted to gambling because they don't know where to spend much money with. Recovering with gambling addiction might be hard for others, but I think he can recover from it knowing that his career might be affected aside from his personal life if he will just continue to gamble.

If they want to think about what they will do with their money, they can choose to invest in property or set up a business that they manage by hiring experts to get more profit. After getting more profits, they can donate it to people who can't afford it. I guess that would be better than using the money for gambling. But indeed, they are also humans who sometimes have the desire to spend their money at the gambling table. But in the end, many of them get addicted and some may lose all their money because of gambling.

What happens is that we must not forget that many athletes go from having almost no money to millionaires almost overnight, so what happens to them is something similar to what we see with lottery winners, in which they get so much money so fast they do not know what to do with it and then they squander all of that money away, at least in this case he still has a lot of money, but there have been cases in which athletes that made a fortune lost everything and are now living in poverty.

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Quote from: ethereumhunter on June 25, 2022, 01:10:48 PM

Quote from: LogitechMouse on June 25, 2022, 10:36:39 AM

Quote from: bittraffic on June 15, 2022, 09:32:50 PM

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

I also believe that if you have that much money, and you have nothing to spend your money with, that is the time when you think of gambling. Some NBA players have been addicted to gambling. There are some professional athletes that are getting addicted to gambling because they don't know where to spend much money with. Recovering with gambling addiction might be hard for others, but I think he can recover from it knowing that his career might be affected aside from his personal life if he will just continue to gamble.

If they want to think about what they will do with their money, they can choose to invest in property or set up a business that they manage by hiring experts to get more profit. After getting more profits, they can donate it to people who can't afford it. I guess that would be better than using the money for gambling. But indeed, they are also humans who sometimes have the desire to spend their money at the gambling table. But in the end, many of them get addicted and some may lose all their money because of gambling.

But what if you do already have investments that you do have on your list or had already have made out? and you are already making out some profits or money on passive state?
For sire you would really be finding out on how you would gonna spend up your money and some people do really ending up on going into gambling or making it as their option
on spending up their time and funds.Its not really bad to have that consideration on playing gambling for leisure but when the time comes that you are already spending up too much time
and finances then this is where things turns out to be sour which would really be resulting into disaster if you dont really able to control up yourself on how you would gonna spend
up your funds or totally have good control on that particular area.

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Quote from: LogitechMouse on June 25, 2022, 10:36:39 AM

Quote from: bittraffic on June 15, 2022, 09:32:50 PM

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

I also believe that if you have that much money, and you have nothing to spend your money with, that is the time when you think of gambling. Some NBA players have been addicted to gambling. There are some professional athletes that are getting addicted to gambling because they don't know where to spend much money with. Recovering with gambling addiction might be hard for others, but I think he can recover from it knowing that his career might be affected aside from his personal life if he will just continue to gamble.

If they want to think about what they will do with their money, they can choose to invest in property or set up a business that they manage by hiring experts to get more profit. After getting more profits, they can donate it to people who can't afford it. I guess that would be better than using the money for gambling. But indeed, they are also humans who sometimes have the desire to spend their money at the gambling table. But in the end, many of them get addicted and some may lose all their money because of gambling.

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Quote from: bittraffic on June 15, 2022, 09:32:50 PM

Another biggest loser in gambling is on the list adding to the competitive personalities they have in sports. He had been gaming since 2010-2014. Five years of gambling, yet he didn't realized he is not that good like his prime, he must be chasing his loss like everyone who in the process resulted to more loss. Mickelson suffer over $56 million in gambling loss and also spend hours for his therapy. When a guy already enroll himself in a therapy, you can tell its already bad.

I'm not a golfer but there was a time years ago where I was fond of watching golf tournaments just because I want to watch Cheesy

. I don't have interest of playing it either. The name was very familiar and when I searched it, I was right that he is a professional golfer. It's quite unfortunate that another pro player has been addicted to gambling again. The good thing though is that he is undergoing therapy right now.

Quote from: bittraffic on June 15, 2022, 09:32:50 PM

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

I also believe that if you have that much money, and you have nothing to spend your money with, that is the time when you think of gambling. Some NBA players have been addicted to gambling. There are some professional athletes that are getting addicted to gambling because they don't know where to spend much money with. Recovering with gambling addiction might be hard for others, but I think he can recover from it knowing that his career might be affected aside from his personal life if he will just continue to gamble.

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Quote from: bittraffic on June 15, 2022, 09:32:50 PM

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.

At best, the only way to remedy his situation is to completely avoid gambling or become a consultant that advocates in curing gambling addiction. In this way, he can be set as an example on why gambling long-term can lead to series of downfall as lots of people can never really have a stable career in this field (with a few notable exceptions).

If you are basing your steady stream of income to something that is completely unpredictable and risky, then you are placing yourself to a potential danger. I just hope that people who gamble do it purely for entertainment- once you chase for profits, then you will slowly realize that it will eat your resources quickly.

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Quote from: bittraffic on June 15, 2022, 09:32:50 PM

~ When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too.

I might be missing something here but I still cannot figure out if he was gambling on his own matches during his days at PGA or not. That's what I'm getting from this part of your post. Or maybe you mean something else like he uses most prize money from Golf tournaments he joins in gambling?

Anyway, it's better late than never. He's lucky there are still some organization willing to make deals with him. I don't expect his golfing career to bounce but he can still recover financially after overcoming his gambling addiction.

Topic: Phil Mickelson Opens Up About Losing MILLIONS From Gambling - page 2. (Read 585 times)