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John Daly loses $50M gambling
05-02-2006, 12:04 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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John Daly loses $50M gambling
Can you believe this guy losing $50M from gambling?* 
http://sports.yahoo.com/golf
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Retired 3/31/2007@52
Investing style: Full time wuss.
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Re: John Daly loses $50M gambling
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05-02-2006, 12:13 PM
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#2
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: John Daly loses $50M gambling
With that putter and this strategy...
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."
Yeah, I can see that he'd have a problem.
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Re: John Daly loses $50M gambling
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05-02-2006, 02:15 PM
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#3
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 362
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Re: John Daly loses $50M gambling
$8,776,552 Daly career winnings. Endorsements dollars, I have no idea. Maybe an exaggeration, did get lots of attention.
http://images.pgatour.com/players/intro/149697
Link to PGA official rankings.
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Fat, drunk, and stupid is no way to go through life, son.
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Re: John Daly loses $50M gambling
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05-02-2006, 02:33 PM
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#4
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Re: John Daly loses $50M gambling
 Quote:
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Originally Posted by DOG51
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Actually that cigarette dangling from his mouth, has a better chance of ruining him than the gambling! He also looks like the most overweight golfer on the tour.
This guy does not seem very smart at all levels. A good golfer, but not very smart! 
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Re: John Daly loses $50M gambling
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05-02-2006, 02:52 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Re: John Daly loses $50M gambling
It just goes to show you that it really doesn't matter how much money an addicted type of person has - they will spend it all ASAP.
Wasn't Limbaugh spending $10,000 a week for his "prescription" pain killers?
Audrey
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Retired since summer 1999.
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Re: John Daly loses $50M gambling
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05-02-2006, 04:31 PM
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#6
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 784
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Re: John Daly loses $50M gambling
Wouldn't $10,000 of prescription painkillers in a week be enough to kill a horse? I think he's getting ripped off...
Daly already "won" the lottery of being good enough at golf to make millions... Wouldn't gambling stop being fun after you've already won a $10 million jackpot? He should go back to drinking and smashing hotel rooms, or whatever it is he used to do...
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Re: John Daly loses $50M gambling
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05-02-2006, 04:40 PM
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#7
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 784
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Re: John Daly loses $50M gambling
And if he'd gambled in stock markets instead of casinos, his expected return would have been positive instead of negative. Not that it's the wisest retirement plan, but he probably would have ended up with more money, instead of a lot less money.
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Re: John Daly loses $50M gambling
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05-02-2006, 05:38 PM
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#8
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Recycles dryer sheets
Join Date: Feb 2005
Posts: 445
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Re: John Daly loses $50M gambling
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