The Amount Of Money John Daly Gambled Away During His Lifetime Is Bonkers

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John Daly has a present for making headlines. In 1991, he shocked the world after we went from the ninth alternate to the winner of the PGA Championship. He has shocked the world with points surrounding alcohol, cigarettes and even Weight loss program Coke. However all these points pale compared to John’s legendary playing losses.

After years of whispers and rumors, John Daly lastly revealed precisely how a lot cash he misplaced playing between 1991 and 2007.

The quantity?

$55 million

Really, it is much more stunning.

Daly elaborated by explaining that he really gambled away nearer to $90 million throughout his lifetime, however he managed to win again $35 million. Leaving his total loss whole at $55 million.

When he was requested how he managed to blow such an insane sum of money, Daly gave a one phrase reply: “Stupidity“.

John Daly Playing Losses / Mark Runnacles/Getty Photographs

How can somebody lose that a lot cash?

Daly websites three distinct components that value him $55 million. Initially, when he gambled at a on line casino, he frequently performed a number of arms of blackjack concurrently. He would guess between $10-$15 thousand per hand.

Relying on what web site you wish to consider, the home has a bonus of round .25%. So if Daly guess $10,000 per hand, he would lose $25 per hand. This assumes Daly performs completely. It additionally assumes the sport goes precisely as deliberate by way of odds; this hardly ever if ever occurs.

Secondly, Daly additionally talked about his love of slot machines. There is no actual quantity on the home benefit. It might be 2%. It might be 20%. Whatever the quantity, it is sensible that Daly would lose more cash on slots as a result of the home has a a lot increased benefit than the desk video games. Once more, this assumes the sport goes precisely as deliberate which hardly ever if ever occurs.

And at last, Daly has been open about points with alcohol. It is tough, and a few would argue unimaginable, to play completely inebriated. Any of the above components listed may simply be magnified if Daly wasn’t making good gaming choices. And it isn’t simply alcohol that might have been impairing his judgement. Final month, Daly informed the Howard Stern that at his peak he would drink 26-28 cans of Weight loss program Coke PER DAY and would smoke 40 cigarettes.

Combining the principles, stakes, home edge and life-style, it is really not a surprising shock that Daly managed to lose tens of tens of millions of {dollars}.

The place did this cash come from?

The PGA Tour web site says Daly earned slightly greater than $10 million over his 25 yr skilled profession. This quantity does not embrace Daly’s intensive endorsement offers of previous and current or any of the media work he has finished. Absolutely these latter two sources have paid Daly tens of millions and tens of millions extra. However nonetheless, there’s fairly a big leap to $90 million in playing losses.

Keep in mind, Daly’s greatest wins got here earlier than Tiger Woods blew up the wage construction for professional golfers.

Daly solely gained $230,000 for his PGA Championship. Right this moment, tour winners routinely get $1 million per win. One in every of Daly’s greatest course paychecks was the $750,000 he earned from the WGC-American Categorical Championship in 2005. In his 2006 autobiography, Daly admitted that instantly after cashing the examine, he drove straight to the Wynn On line casino in Las Vegas and blew $1.5 million on slot machines.

Daly has been married and divorced 4 instances. These relationships have left him saddled with $40,000 in month-to-month help obligations. Casinos are identified to supply traces of credit score, however the disparity right here is within the tens of millions. Both Daly’s endorsement offers had been a lot increased than anybody may have predicted, or individuals took a leap to assist fund his behavior.


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