Daly’s gambling losses top $50 million
May 2nd, 2006John Daly says he’s lost more than $50 million over the past 12 years of heavy gambling.
The admission comes in Daly’s new book, “John Daly: My Life In and Out of the Rough,” which will be released next week.
In a classic understatement, Daly said, “If I don’t get control of my gambling, it’s going to flat-out ruin me.”
Let’s see, $50 million over 12 years. Yeah, I’d say that Daly’s a pretty poor gambler who could be in serious trouble if this continues.
Agreed if it’s true. But nothing quite like a sensational item to sell books either. I know–I’m a cynic.
I guess that’s what happens when you gamble not only with your own money, but with a line of credit extended by the house. It’s a sure bet (lol) that Daly hasn’t earned 50 million from the PGA tour. Of course, sponsors and appearance fees more than made up for it, I’m sure.
If Daly and those like him are losing $$$ at this rate, how can our public schools be in such financial straits?
Don’t you all remember how legalized gambling was to be the savior of our public school budgets?
Legalized gambling doesn’t contribute to an increase in crime either.
Everyone on ESPM thinks that the number is a little inflated. Even so, that is a lot of money. You have got to feel bad for this guy. He has done so many things to try to destroy his life.
Wow, that’s pretty crazy! But put me in the camp that says the $50 million figure has to be inflated. Even so: $1.65 million in five hours?? I can’t even fathom that.
The wording of this “$50 Million Loss” is up for interpretation. It is possible he HAS made $50 Million in losing bets, but also he could have made $50 Million in winning bets equaling a break even…
I agree this is just to sell books though.