Charles Barkley Admits $10 Million Gambling Loss

Filed in archive Gambling General on May 3, 2006

Not content with one sportsman admitting his gambling woes this week, basketball player, Charles Barkley has jumped on the confession bandwagon after golfer John Daly admitted losses of over $50 million.

NBA player turned writer turned analyst, Barkley has told an interviewer that he's lost over $10 million gambling - and only in casinos. He doesn't see it as a problem, because, as he says, he "can afford the problem". He just sees it as a bad habit - and a habit that he'll continue to have because he has the money to. He just needs to get it under control

"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."

Article: Barkley says he's lost about $10 million gambling