Charles Barkley, who has a net worth of $60 million, shared new details about his gambling experiences. The former NBA star discussed his ups and downs in a candid conversation with Shannon Sharpe on the Club Shay Shay podcast.
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Old love for casinos
Charles Barkley, one of the NBA’s greatest players, has often spoken about his love for casinos. He is known for his impressive basketball career and his considerable net worth. Barkley’s wealth is largely due to his 10-year contract with TNT, which pays him over $10 million per year.
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During the podcast, Barkley revealed that he has lost $25 million in gambling over the years. He openly told Sharpe, “I love to gamble, I love to gamble.” However, this love for gambling has led to huge financial losses.
High stakes gambling
Barkley’s gambling habit was particularly intense in Las Vegas. He placed bets of $25,000, often leading to big wins and losses. “There’s probably been seven times when I’ve won a million dollars,” he said. “But there’s probably been 25 times when I’ve lost a million dollars.”
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The 1993 MVP confessed that his gambling habit was out of control. He had to quit gambling for two years because it negatively affected his life. Despite this, he missed the thrill of gambling.
Barkley explained that he could win $600,000 to $700,000 in a matter of days. However, he insisted on continuing to play until he won a million. This mindset often led to long gambling sessions. “We’d be sitting there, I’d get up and my friends would say, ‘Chuck, we’re going to spend the night.’ And my brain would say, ‘No, we’re not leaving this motherfucker until I win a million dollars.'”
Emotional Rollercoaster
Barkley was very happy with the win, but he was very sad with the loss. “I am very happy [when I won]Barkley admitted, “But when I lost the million dollars, I became very depressed.” The depression was not just about losing money, but also about the emotional toll it took.
Barkley explained how the negative emotions that come with losing often overshadow the joy of winning. “No matter how good it feels to win, when you lose, it feels so much worse,” he said.
changing his mindset
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To control his gambling habits, Barkley had to change his mindset. He realized that chasing losses wasn’t sustainable. “You can’t break the casino and, since I developed that mindset, gambling has become a lot more fun for me, honestly,” he said.
Barkley shared this change in his perspective during an interview with Graham Bensinger several years ago. This new perspective helped him enjoy gambling without the intense pressure of winning large sums of money.
Golden Years and Famous Friends
Most of Barkley’s wealth came from his successful basketball career in the 1980s and 1990s. During this time, he was one of the biggest names in sports. He was also friends with Michael Jordan, another famous gambler.
Barkley and Jordan often played poker with other NBA greats such as Scottie Pippen and Magic Johnson. Barkley joked that Jordan tried to “buy” the pots because he knew he had more money to bet than his opponents.
Source: https://hmiendongsaigon.edu.vn
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