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Barkley claims he lost $10 mil to gambling
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Bonn1997
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5/3/2006  10:50 PM
http://sports.espn.go.com/nba/news/story?id=2432043

Barkley claims gambling problem has cost him $10MESPN.com news services


Former NBA star and current TNT NBA analyst Charles Barkley revealed his own struggles with gambling in an interview with ESPN after being asked about golfer John Daly, who claims to have lost between $50 million and $60 million in the past 12 years due to gambling.


Barkley said Wednesday on ESPN that he has lost "probably $10 million" gambling, adding, "It is a problem for me."


"My agent has really worked with me to try to get it where I can go and gamble and have fun," he said. "That's easier said than done.


"Do I have a gambling problem? Yeah, I do have a gambling problem but I don't consider it a problem because I can afford to gamble. It's just a stupid habit that I've got to get under control, because it's just not a good thing to be broke after all of these years," he added.


Barkley told ESPN that he's working to solve the problem.


"I gamble too much, I gamble for too much money," he said. "And it's something I have to address ... I am addressing it, that would be the best way to explain it.


"I think the most difficult thing, No. 1, I've got to realize no matter how much I win it ain't a lot -- it's only a lot when I lose. And you always lose. I think it's fun, I think it's exciting. I'm gonna continue to do it but I have to get to a point where I don't try to break the casino 'cause you never can," he said.


Later Wednesday, Barkley seemed to soften his tone.


"It's unfortunate that it has become a story, because I was asked an innocent question about John Daly and I said 'I understand, gambling is a bad habit,'" Barkley said during halftime of TNT's coverage of Game 5 of the Pistons-Bucks series. "I'm going to continue gambling. I like to gamble. It's really nobody's business, because it's my own money, I earned it.


"I never bet on basketball. I only go to the casinos. … One problem I have is that I'm always trying to be honest. When I talked to reporters I was saying 'I understand what John Daly is saying.' I understand that's a lot of money, but it is my money. Nobody has the right to tell me what to do with my money. Like I said, I'm going to continue gambling, because I like it, but I realize I've got to gamble for less."


When asked by TNT basketball host Ernie Johnson if he felt his gambling had become a problem, Barkley answered: "It's not a problem. If you're a drug addict or an alcoholic, those are problems. I gamble for too much money. As long as I can continue to do it I don't think it's a problem. Do I think it's a bad habit? Yes, I think it's a bad habit. Am I going to continue to do it? Yes, I'm going to continue to do it.


"But I've got to understand you can't beat the casino. You might win a lot of money from them, but in the long run they are going to win more money from you, and I've got to get to a point where I don't gamble for as much. That's what I've got to do, because I'm not going to quit gambling because it's my life and it's my money."


Barkley, elected to the Basketball Hall of Fame last month, averaged 22.1 points and nearly 12 rebounds in a 16-year career that included stops in Philadelphia, Phoenix and Houston. He was the league's MVP in 1993, and he won gold at the '92 Barcelona Olympics as part of the original U.S. Dream Team.


Barkley also said that he believes Daly's estimate of losing $50 million to $60 million is high.


"I don't believe him," he said. "First of all, John Daly is one of the nicest athletes I've even met in my life. I could believe he has lost $20 million because think about it ... if he's lost $60 million he'd have to have made $200 million. And I don't think he has made $200 million in his career. I do believe that John has lost $20 million, to be honest with you. I truly believe that. And I wish him luck with our gambling addiction."


In "John Daly: My Life In and Out of the Rough," his autobiography set to be released Monday, Daly said his gambling habit could "flat-out ruin me" if he doesn't get it under control.


Barkley's agent had no comment on Wednesday's interview.


Information from The Associated Press was used in this report.
AUTOADVERT
Nalod
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5/3/2006  11:53 PM
Isiah paid off shandon anderson $20 million because Shandon would not talk to him.

Knicks Will pay 60mil in taxes.

We are paying for Lenny still. the list is long.

Isiah has his own addictions. Dolan is freaking nuts!@
4949
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5/4/2006  2:05 AM
For some people, probably most people, when you have that kind of money, your bound to lose a lot of it, to learn financial lessons, and there are few who never learn. Millions of dollars in your bank account is just not a natural thing, especially a common thing. It's a whole new ballgame when it comes to that. I'll tell you one thing, Dolans Knicks are going to have to do something really special for a number of years, to make back all the millions he's lost on basically pure entertainment (yes' entertainment now) and not the best skills in baseketball. Only in New York.
I'll never trust this' team again.
TemujinKnick
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5/4/2006  4:28 AM
They've been making a profit.
Nalod
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5/4/2006  9:01 AM
Posted by TemujinKnick:

They've been making a profit.

This team as a single entitiy is profitable with Salary and tax at $180 million plus Isiah, Larry and all personel? I can see the Rangers with a payroll of $35 mil being very profitable and perhaps all of cablevision, but this is no way to run a business.

Daly losing $60 mil is really wack.

Hey Bonnie, your a Psych kinda guy, whats your take? This is a national story so did you post it just to snitch out Daly to us or you have an opinion?

Barkley claims he lost $10 mil to gambling

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