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(Bleacher Report)   John Daly loves to gamble, but he sucks at it: In two decades, he lost $55 MILLION   (bleacherreport.com) divider line 41
    More: Dumbass, John Daly  
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750 clicks; posted to Sports » on 02 Jun 2014 at 1:17 PM (16 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



41 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-06-02 11:29:23 AM
Well he's still got his health....

i2.cdn.turner.com

Well, he doesn't look as bad as Rick Flair...

img.bleacherreport.net

Well...he's not dead yet.
 
2014-06-02 11:35:39 AM
A great man once said, "Do I have a gambling problem? I do have a gambling problem, but it's not really a problem because I can afford to gamble."
 
2014-06-02 11:45:46 AM
His first mistake was going to a casino.  Betting against the house is an excellent way to lose money.
 
2014-06-02 01:03:53 PM
Does being a journeyman golfer really pay enough for him to lose that much?
 
2014-06-02 01:10:28 PM
That's a shame, he does such a good job hosting The Daily Show, it's a pity he throws his money away like that.

let's see if anyone takes this seriously
 
2014-06-02 01:10:33 PM

Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?


True, he never won the Masters but I would hardly call him a journeyman.
 
2014-06-02 01:19:32 PM

nmrsnr: That's a shame, he does such a good job hosting The Daily Show, it's a pity he throws his money away like that.


You're thinking of Payne Stewart
 
2014-06-02 01:23:18 PM
What? I don't get it... are people just getting around to reading his book that came out in 2007?
 
2014-06-02 01:26:07 PM

Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?



http://www.celebritynetworth.com/richest-athletes/richest-golfers/jo hn -daly-net-worth/
 
2014-06-02 01:26:29 PM
So what?

Is it your money?
 
2014-06-02 01:28:06 PM

Gunny Highway: A great man once said, "Do I have a gambling problem? I do have a gambling problem, but it's not really a problem because I can afford to gamble."


English footballer George Best:  "I spent my fortune on women, cars, and booze.  the rest, I just wasted."
 
2014-06-02 01:28:43 PM

Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?


Probably helps to have designed a few courses and a clothing business....

blogs.zappos.com
 
2014-06-02 01:31:00 PM

Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.


Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?
 
2014-06-02 01:33:58 PM

Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?


Like I posted before, he designed a few courses, has a clothing line and....sponsors

http://johndaly.com/sponsors/

Isn't that how most golfers make most of their money?
 
2014-06-02 01:35:42 PM

Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?


I'm sure some of the $55 mil was both won and lost at gambling
 
2014-06-02 01:38:21 PM

JusticeandIndependence: Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?

Like I posted before, he designed a few courses, has a clothing line and....sponsors

http://johndaly.com/sponsors/

Isn't that how most golfers make most of their money?


Possibly, but I'm skeptical that any of that could be pulling in cash 5x more than he made on the tour.
 
2014-06-02 01:38:48 PM

doofusss: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?


http://www.celebritynetworth.com/richest-athletes/richest-golfers/jo hn -daly-net-worth/

John Daly was an infamous gambler during his career, having earned an impressive $40 million at various casinos. Unfortunately, Daly also lost a mind-boggling $50 million gambling.


So did he net -$55 million, or doesn't the headline take into account his gains?
 
2014-06-02 01:39:17 PM
Just two years till he can join the senior tour. They better be ready.
 
2014-06-02 01:39:58 PM

Shotgun Justice: I'm sure some of the $55 mil was both won and lost at gambling


Good point. Gamblers aren't exactly known for their rigorous accounting methods.
 
2014-06-02 01:42:12 PM

Lost Thought 00: JusticeandIndependence: Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?

Like I posted before, he designed a few courses, has a clothing line and....sponsors

http://johndaly.com/sponsors/

Isn't that how most golfers make most of their money?

Possibly, but I'm skeptical that any of that could be pulling in cash 5x more than he made on the tour.


Phil Mickelson for example  180 Million net worth:

During his career, Phil Mickelson has earned over $65 million in tournament prizes. Today he earns roughly $60 million a year, $10 million in salary and tournament winnings and an astonishing additional $50 million in endorsements.
 
2014-06-02 01:42:29 PM
John Daly Estimates He Gambled Away $55 Million in Less Than 2 Decades

Oh........dear.
 
2014-06-02 01:48:57 PM
Pfft!  Drew's annual bar tabs are just about that much.
 
2014-06-02 01:55:35 PM
He's living the dream
 
2014-06-02 02:04:12 PM

SurfaceTension: nmrsnr: That's a shame, he does such a good job hosting The Daily Show, it's a pity he throws his money away like that.

You're thinking of Payne Stewart


No, I think he's thinking of the rap group responsible for "Jump Around."
 
2014-06-02 02:04:18 PM
That comes out to a little over $7500 per day, or over $300 per hour including hours spent sleeping.

Not a particularly wise way to lose money, but it's his money and he can do with it what he wants. And if he's rich enough that he could find this kind of money in his couch cushions or the pockets of pants he's about to wash, good for him.
 
2014-06-02 02:15:55 PM

JusticeandIndependence: Lost Thought 00: JusticeandIndependence: Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?

Like I posted before, he designed a few courses, has a clothing line and....sponsors

http://johndaly.com/sponsors/

Isn't that how most golfers make most of their money?

Possibly, but I'm skeptical that any of that could be pulling in cash 5x more than he made on the tour.

Phil Mickelson for example  180 Million net worth:

During his career, Phil Mickelson has earned over $65 million in tournament prizes. Today he earns roughly $60 million a year, $10 million in salary and tournament winnings and an astonishing additional $50 million in endorsements.



He also gets paid thousands and thousands of dollars to shoot a round with employees during corporate getaways. And he can do that whenever he wants. He talked about it in his Howard Stern interview. Which was fantastic, by the way.

He's one of the most recognizable names in the sport. Has quite the fanbase.
 
2014-06-02 02:17:40 PM

rickythepenguin: Gunny Highway: A great man once said, "Do I have a gambling problem? I do have a gambling problem, but it's not really a problem because I can afford to gamble."

English  Northern Irishfootballer George Best:  "I spent my fortune on women, cars, and booze.  the rest, I just wasted."


Sorry, but some of the UK sub-countries are a little picky about the details.
 
2014-06-02 02:26:00 PM
img.fark.net

"Daly lost $55 million? Chump change."
 
2014-06-02 02:26:21 PM
Here is a little hint, despite what individuals may say, everybody sucks at gambling. The only reason why it is still around as an activity is that the odds are overwhelmingly in the houses favor and people are dumb to think they have a chance. If people were good at it and could figure out how to win at it consistently, then casinos and gambling houses would shut down because there wouldn't be any money in it for them.
 
2014-06-02 02:38:42 PM

mainstreet62: So what?

Is it your money?


It could have been, if he ever played me in poker or something.
 
2014-06-02 03:06:23 PM

ongbok: Here is a little hint, despite what individuals may say, everybody sucks at gambling. The only reason why it is still around as an activity is that the odds are overwhelmingly in the houses favor and people are dumb to think they have a chance. If people were good at it and could figure out how to win at it consistently, then casinos and gambling houses would shut down because there wouldn't be any money in it for them.


People do gamble in other places than casinos, against other gamblers instead of the house.
 
2014-06-02 03:32:33 PM

bdub77: Well he's still got his health....

[i2.cdn.turner.com image 270x360]

Well, he doesn't look as bad as Rick Flair...

[img.bleacherreport.net image 523x347]

Well...he's not dead yet.


It looks like Uncle Sam and Gary Busey had a baby.
 
2014-06-02 04:01:06 PM

Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?


If you win two major championships, you are not a journeyman.
 
2014-06-02 05:20:39 PM

Rent Party: Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?

If you win two major championships, you are not a journeyman.


My pun was bad and that was what I was getting at.
 
2014-06-02 05:41:14 PM
I'll file this under mind bogglingly stupid, then forget all about it.
 
2014-06-02 06:14:55 PM

Gunny Highway: Rent Party: Lost Thought 00: Gunny Highway: Lost Thought 00: Does being a journeyman golfer really pay enough for him to lose that much?

True, he never won the Masters but I would hardly call him a journeyman.

Apparently his total career earnings from the PGA tour is right around $10 million, made mostly in a few good years when he cracked the top 50 in the rankings. Seems like a journeyman to me. But more importantly, where did the other $45 million come from?

If you win two major championships, you are not a journeyman.

My pun was bad and that was what I was getting at.


All puns are bad.  That might be the source of the confusion.
 
2014-06-02 08:13:44 PM

bdub77: Well he's still got his health....

img.fark.net

Well, he doesn't look as bad as Rick Flair...

[img.bleacherreport.net image 523x347]

Well...he's not dead yet.


Rex Kwan Do has really let himself go.
 
2014-06-02 08:52:16 PM
Assuming it isn't exaggerated, it isn't stupidly high. Less than $3.5 million per year. I am willing to bet there are plently of people that blow more than that in Vegas each year.

Now the important comparison would be to the amount he has wagered. If he placed a hundred million dollars in bets each year and only lost $3 million, that isn't too bad of a loss rate for casinos.
 
2014-06-02 09:02:46 PM

ongbok: Here is a little hint, despite what individuals may say, everybody sucks at gambling. The only reason why it is still around as an activity is that the odds are overwhelmingly in the houses favor and people are dumb to think they have a chance. If people were good at it and could figure out how to win at it consistently, then casinos and gambling houses would shut down kick you the fark out and ban your "cheating" ass because there wouldn't be any money in it for them.


FTFY. :P

Granted to even the odds or put them in your favor, you might have to get the rules tweaked and/or do something as heinous as count, but hey, that's you cheating.
 
2014-06-03 12:41:23 AM

SurfaceTension: nmrsnr: That's a shame, he does such a good job hosting The Daily Show, it's a pity he throws his money away like that.

You're thinking of Payne Stewart


I'm pretty sure it's stewart sink
 
2014-06-03 12:03:29 PM
Mick Fleetwood claims to have spent more than $6M on cocaine.

In this case I'll say I'm glad that was him and not me.
 
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