Daly claims to have lost between $50,000,000-$60,000,000

MikeD · 05-01-2006, 08:11 PM

Whoa...that's a whole lotta 0's.

Quote:

John Daly says he has lost between $50 million and $60 million during 12 years of heavy gambling and that it has become a problem that could "flat-out ruin me" if he doesn't bring it under control.

Daly discussed his addiction to gambling in the final chapter of his autobiography, "John Daly: My Life In and Out of the Rough," to be released next Monday.

He told one story of earning $750,000 when he lost in a playoff to Tiger Woods last fall in San Francisco at a World Golf Championship. Instead of going home, he drove to Las Vegas and says he lost $1.65 million in five hours playing mostly $5,000 slot machines.

"If I don't get control of my gambling, it's going to flat-out ruin me," he says in the book, co-written with Glen Waggoner and published by HarperCollins.

The book got the attention of PGA Tour headquarters, and commissioner Tim Finchem met with Daly on Monday at the Wachovia Championship in Charlotte, N.C.

Finchem said the book does not violate PGA Tour regulations, although "it is clear that he continues to be concerned about and grapple with significant personal challenges."

"I have expressed to John the tour's concern for his well-being, as well as his ongoing need to uphold the image and standards of the PGA Tour," Finchem said. "While we will continue to enforce the regulations and policies of the PGA Tour, I have advised John of the tour's willingness to support him in his efforts to deal with his personal issues."

The two-time major champion wrote that he has spent the last 10 years paying off gambling debts with his sponsorship income, hustling appearance money and "running myself ragged doing corporate outings instead of spending time with my family and working on my game."

He recalled former Dallas Cowboys linebacker Thomas "Hollywood" Henderson telling him at a Tucson, Ariz., rehab center in 1993 that Daly would find something he loves as much as drinking and that he would have to be careful.

"The people around me ... were hoping, of course, that the 'something' would be practicing golf. No such luck," Daly wrote. "What I found was gambling."

He said he owed $4 million to casinos in two years of gambling until he won the 1995 British Open at St. Andrews, his second major. That victory and the ability to get handsome appearance fees enabled him to pay off the debt.

But the gambling continued.

Daly three-putted from 15 feet on the second playoff hole against Woods at Harding Park. He headed to Las Vegas and lost $600,000 within 30 minutes. He said he took out another $600,000 line of credit and lost that in two hours.

"And here's how my sick mind analyzed the situation," Daly wrote. "My sponsorship payments would be coming through in January, so I'd be able to pay everything off and get back to even by the beginning of the new year. Everything's fine. Everything's OK. No problema. Hell, yes, there's a problema."

Daly says he has taken more control of his life in the last six years.
"I'm off those ... medications. I don't drink JD [Jack Daniels] anymore. I don't beat up on hotel rooms and cars as much. Only gambling remains a problem," he wrote.

He said he plans to start at the $25 slots in the casinos and set a "walkout loss number," which would tell him it's time to leave.

"If I make a little bit, then maybe I move up to the $100 slots or the $500 slots, or maybe I take it to the blackjack table," he wrote. "It's their money. Why not give it a shot, try to double it? And if I make a lot, I can ...
"Well, that's my plan," he wrote.

Daly has been one of the most popular figures on the PGA Tour since he won the 1991 PGA Championship as the ninth alternate. He has five PGA Tour victories and career earnings of $8.7 million.

http://sports.espn.go.com/golf/news/story?id=2429380

Itsme · 05-01-2006, 08:17 PM

Can you image putting in $5000 in a slot machine for just one pull???

speedracer120 · 05-01-2006, 08:40 PM

Hell naw. I admire his honesty, and admire him for struggling against his illness but he needs to reign it in and quickly. I remember watching the footage of him having the DTs on the course, a really really sad sight to behold.

riskykougra · 05-02-2006, 05:43 AM

I have a friend who has a gambling problem, although not for those huge amounts of money, she can still lose her whole paycheck in one sitting. The only solution is to stop gambling because she has tried to set limits to how much she is going to lose then leave and it never works. And winning a little bit makes it worse cause then she wants to play till the "big win" which she "knows" is coming. She had herself voluntarily banned from the casino here it got to be so bad. If that guy is married his wife must want to kill him...I would...

kgsilvas · 05-02-2006, 11:30 AM

Daly's sad plan for change "...to start at the $25 slots in the casinos and set a "walkout loss number," which would tell him it's time to leave..." As someone that has overcome one addiction, he should understand that it isn't that simple. Does he think he could have just one drink and walk away? Some people can and do. Addicts cannot.

His family should get him banned from casinos and restrict his Internet access for on-line gambling. It would be for his own good.

brainsmile · 05-02-2006, 01:47 PM

Sort of like day trading I suppose...

Itsme · 05-02-2006, 08:19 PM

Daly says he won't seek counseling after huge gambling losses
BY RON GREEN SR.

Knight Ridder Newspapers

CHARLOTTE, N.C. - John Daly said his conversation Monday with PGA Tour Commissioner Tim Finchem about the gambling revelations in his new book was "positive" and the commissioner suggested the two-time major champion seek counseling.

On the practice range Tuesday at the Quail Hollow Club, Daly said he doesn't plan to undergo counseling for a gambling habit that, in his estimation, has cost him between $50 million and $60 million since 1992.

The enormous gambling losses are detailed in "John Daly: My Life In and Out of the Rough," to be released Monday by Harper Collins. They are just part of the story Daly tells about his often-wild life.

"It's the truth about my life," Daly said. "I'm not going to sidestep anything."

Since Daly shocked golf by winning the 1991 PGA Championship as a virtual unknown, his life has been a turbulent tale of highs and lows.

Daly has been married four times and battled alcohol problems along with his gambling troubles, all of which he details in the book.

Daly said the book was edited eight times, usually toning down the coarse language, so he could give the publisher the product it wanted without doing too much damage to the PGA Tour.

"There's a lot of cussing in the book, but we toned it down as much as we could," Daly said.

Finchem told Daly it made him look unprofessional.

"My life is unbecoming of a professional," Daly said. But "it's hard to say it in anybody else's words."

Daly said he decided several years ago he wanted to write the book before his 40th birthday. He turned 40 on Friday.

"It brings back memories of the stupid stuff I've done and of the good stuff I've done," said Daly.

"It's honest. It was fun to do. A lot of stuff in there was tough to talk about but it felt good to do it."

Near the end of the book, Daly tells of losing to Tiger Woods in a sudden-death playoff last fall in a World Golf Championship event in San Francisco.

After winning $750,000, Daly went to Las Vegas where he lost $1.65 million in less than six hours, playing a $5,000 slot machine.

"Twenty pulls is a hundred grand," Daly said. "The next thing you know, 600 grand is gone."

Daly said he had reduced his gambling in recent years before his night in Las Vegas last fall. It has not happened since, Daly said.

"It's not like I'm dying to gamble," said Daly, who admits he hasn't given up gambling completely.

In talking with Finchem, Daly said the commissioner expressed his concern about the gambling.

Daly said he asked Finchem how he felt about the book and the commissioner said, "I'm borderline about it."

On Sunday, Daly will be featured on CBS magazine show "60 Minutes," where he'll talk about the story he tells in his book.

"Will I lose some fans?" Daly said. "I hope not. I might gain some."

Houdini · 05-03-2006, 01:25 AM

Well, he made a big mistake by calling his winnings "their money." When you win ANYTHING in a casino, it's your money. Using the "house's money" excuse as a crutch will kill you every time.

Merlin · 05-03-2006, 06:15 AM

Quote:

Originally Posted by Houdini

Well, he made a big mistake by calling his winnings "their money." When you win ANYTHING in a casino, it's your money. Using the "house's money" excuse as a crutch will kill you every time.

Truer words have never been spoken. Ask yourself this....when you lose do you think the casino considers it your money or theirs?

MikeD · 05-03-2006, 03:57 PM

Now Barkley is admitting he has a problem too. $10,000,000? Maybe he's confused with how much he's wasted on burger joints over the years.

Quote:

Former NBA star and current TNT NBA analyst Charles Barkley revealed his own struggles with gambling in an interview with ESPN when asked about John Daly, who claims to have lost between $50 million and $60 million in the past 12 years due to gambling.

Barkley said Wednesday on ESPN that he has lost "probably $10 million" gambling, adding, "It is a problem for me."

"My agent has really worked with me to try to get it where I can go and gamble and have fun," he said. "That's easier said than done.

"Do I have a gambling problem? Yeah, I do have a gambling problem but I don't consider it a problem because I can afford to gamble. It's just a stupid habit that I've got to get under control, because it's just not a good thing to be broke after all of these years," he added.

Barkley told ESPN that he's working to solve the problem.

"I gamble too much, I gamble for too much money," he said. "And it's something I have to address ... I am addressing it, that would be the best way to explain it.

"I think the most difficult thing, No. 1, I've got to realize no matter how much I win it ain't a lot -- it's only a lot when i lose. And you always lose. I think it's fun, I think it's exciting. I'm gonna continue to do it but I have to get to a point where I don't try to break the casino 'cause you never can," he said.

Barkley also said that he believes Daly's estimate of losing $50 million to $60 million is high.

"I don't believe him," he said. "First of all, John Daly is one of the nicest athletes I've even met in my life. I could believe he has lost $20 million because think about it ... if he's lost $60 million he'd have to have made $200 million. And I don't think he has made $200 million in his career. I do believe that John has lost $20 million, to be honest with you. I truly believe that. And I wish him luck with our gambling addiction. "

In "John Daly: My Life In and Out of the Rough," his autobiography set to be released Monday, Daly said his gambling habit could "flat-out ruin me" if he doesn't get it under control.

The two-time major champion wrote that he has spent the last 10 years paying off gambling debts with his sponsorship income, hustling appearance money and "running myself ragged doing corporate outings instead of spending time with my family and working on my game."

http://sports.espn.go.com/nba/news/story?id=2432043

Itsme · 05-04-2006, 07:46 AM

Barkley said in the ESPN interview

"When I gamble I should be playing $1,000 a hand instead of $20,000 a hand, because if I played for $1,000 a hand I probably could lose $50,000 to $100,000 a hand instead of millions of dollars," Barkley said. "And I've got to reach a happy medium because I've told all of the people in my life that first and foremost it's my money."

Barkley said the thrill of competition has a lot to do with his urge to wager. "I like to gamble and I'm not going to quit," he said. "I've just got to get it under control."

nickel · 05-04-2006, 11:13 AM

i watched that interview with Barkley. he claims Daly is exaggerating his gambling losses. also, Barkley doesn't think he has that bad of a gambling problem because he still has 'lots of money and so it's not affecting him financially.

hey Sir Charles, you DO have a gambling addiction AND the money you are pissing away would be better spent on Katrina victims. now go do the right thing.

Merlin · 05-04-2006, 12:13 PM

Daly has to be exaggerating as 50 million is far more money than he has earned. But the point is the same. He is in bad shape.

Houdini · 05-04-2006, 03:16 PM

Quote:

Originally Posted by Merlin

Truer words have never been spoken. Ask yourself this....when you lose do you think the casino considers it your money or theirs?

Yep. That said, it is very easy to fall into the "house's money" trap, especially when you're up only a little bit and are willing to wager that to potentially win more without touching your "principal," with which you entered. Then again, I'm guilty of doing that at blackjack tables, etc. The best idea is to set rules. Enter with cash only. Enter with only money you're willing to lose as an "entertainment expense." When you lose it all, go home. If you double your money, go home. If someone offers you an extra $5 chip or something when you're out just to keep you in the game because the asshat to your right doesn't know what he's doing and is "killing" the table, it's your call. But if you win, pay him back.

Above all, stay the eff away from ATMs or credit lines.

05-01-2006, 08:40 PM	#3
speedracer120 Rear Admiral Upper Half Join Date: Mar 2000 Location: HB,CA/PA Posts: 3,437	Hell naw. I admire his honesty, and admire him for struggling against his illness but he needs to reign it in and quickly. I remember watching the footage of him having the DTs on the course, a really really sad sight to behold. __________________ Off in La La Land

05-02-2006, 05:43 AM	#4
riskykougra Lieutenant Commander Join Date: Jun 2005 Location: Too close to the North Pole. Posts: 562	I have a friend who has a gambling problem, although not for those huge amounts of money, she can still lose her whole paycheck in one sitting. The only solution is to stop gambling because she has tried to set limits to how much she is going to lose then leave and it never works. And winning a little bit makes it worse cause then she wants to play till the "big win" which she "knows" is coming. She had herself voluntarily banned from the casino here it got to be so bad. If that guy is married his wife must want to kill him...I would... __________________ I like long walks, especially when they are taken by people who annoy me.

05-02-2006, 01:47 PM	#6
brainsmile Chief of Naval Operations Join Date: Jun 2000 Location: woah... why is welfareloser here with me so early in the morning and more importantly why am I wearing her clothes?!? Posts: 13,754	Sort of like day trading I suppose... __________________ ********************************** DCM #1 (Founder) "Nobody beats Vitus Gerulaitis 18 times in a row." - Vitus Gerulaitis on beating Jimmy Connors after 17 failed attempts.

05-04-2006, 11:13 AM	#12
nickel Vice Chairwoman, Joint Chieftess of Staff Join Date: Feb 2002 Location: Jeterville, NYY Posts: 17,786	i watched that interview with Barkley. he claims Daly is exaggerating his gambling losses. also, Barkley doesn't think he has that bad of a gambling problem because he still has 'lots of money and so it's not affecting him financially. hey Sir Charles, you DO have a gambling addiction AND the money you are pissing away would be better spent on Katrina victims. now go do the right thing. __________________ click me

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05-01-2006, 08:17 PM	#2
Itsme Vice Admiral Join Date: Aug 2004 Location: Southern California Posts: 4,813	Can you image putting in $5000 in a slot machine for just one pull???

05-02-2006, 11:30 AM	#5
kgsilvas Rear Admiral Lower Half Join Date: Apr 2005 Posts: 2,245	Daly's sad plan for change "...to start at the $25 slots in the casinos and set a "walkout loss number," which would tell him it's time to leave..." As someone that has overcome one addiction, he should understand that it isn't that simple. Does he think he could have just one drink and walk away? Some people can and do. Addicts cannot. His family should get him banned from casinos and restrict his Internet access for on-line gambling. It would be for his own good.

05-02-2006, 08:19 PM	#7
Itsme Vice Admiral Join Date: Aug 2004 Location: Southern California Posts: 4,813	Daly says he won't seek counseling after huge gambling losses BY RON GREEN SR. Knight Ridder Newspapers CHARLOTTE, N.C. - John Daly said his conversation Monday with PGA Tour Commissioner Tim Finchem about the gambling revelations in his new book was "positive" and the commissioner suggested the two-time major champion seek counseling. On the practice range Tuesday at the Quail Hollow Club, Daly said he doesn't plan to undergo counseling for a gambling habit that, in his estimation, has cost him between $50 million and $60 million since 1992. The enormous gambling losses are detailed in "John Daly: My Life In and Out of the Rough," to be released Monday by Harper Collins. They are just part of the story Daly tells about his often-wild life. "It's the truth about my life," Daly said. "I'm not going to sidestep anything." Since Daly shocked golf by winning the 1991 PGA Championship as a virtual unknown, his life has been a turbulent tale of highs and lows. Daly has been married four times and battled alcohol problems along with his gambling troubles, all of which he details in the book. Daly said the book was edited eight times, usually toning down the coarse language, so he could give the publisher the product it wanted without doing too much damage to the PGA Tour. "There's a lot of cussing in the book, but we toned it down as much as we could," Daly said. Finchem told Daly it made him look unprofessional. "My life is unbecoming of a professional," Daly said. But "it's hard to say it in anybody else's words." Daly said he decided several years ago he wanted to write the book before his 40th birthday. He turned 40 on Friday. "It brings back memories of the stupid stuff I've done and of the good stuff I've done," said Daly. "It's honest. It was fun to do. A lot of stuff in there was tough to talk about but it felt good to do it." Near the end of the book, Daly tells of losing to Tiger Woods in a sudden-death playoff last fall in a World Golf Championship event in San Francisco. After winning $750,000, Daly went to Las Vegas where he lost $1.65 million in less than six hours, playing a $5,000 slot machine. "Twenty pulls is a hundred grand," Daly said. "The next thing you know, 600 grand is gone." Daly said he had reduced his gambling in recent years before his night in Las Vegas last fall. It has not happened since, Daly said. "It's not like I'm dying to gamble," said Daly, who admits he hasn't given up gambling completely. In talking with Finchem, Daly said the commissioner expressed his concern about the gambling. Daly said he asked Finchem how he felt about the book and the commissioner said, "I'm borderline about it." On Sunday, Daly will be featured on CBS magazine show "60 Minutes," where he'll talk about the story he tells in his book. "Will I lose some fans?" Daly said. "I hope not. I might gain some."

05-03-2006, 01:25 AM	#8
Houdini Admiral Join Date: Aug 2000 Location: New Orleans Posts: 5,054	Well, he made a big mistake by calling his winnings "their money." When you win ANYTHING in a casino, it's your money. Using the "house's money" excuse as a crutch will kill you every time.

05-04-2006, 07:46 AM	#11
Itsme Vice Admiral Join Date: Aug 2004 Location: Southern California Posts: 4,813	Barkley said in the ESPN interview "When I gamble I should be playing $1,000 a hand instead of $20,000 a hand, because if I played for $1,000 a hand I probably could lose $50,000 to $100,000 a hand instead of millions of dollars," Barkley said. "And I've got to reach a happy medium because I've told all of the people in my life that first and foremost it's my money." Barkley said the thrill of competition has a lot to do with his urge to wager. "I like to gamble and I'm not going to quit," he said. "I've just got to get it under control."

05-04-2006, 12:13 PM	#13
Merlin Admiral Join Date: Dec 2001 Location: Square On My Arse Posts: 7,410	Daly has to be exaggerating as 50 million is far more money than he has earned. But the point is the same. He is in bad shape.

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