{"id":1580280,"date":"2024-05-08T16:11:34","date_gmt":"2024-05-08T20:11:34","guid":{"rendered":"https:\/\/sports7.us\/?p=1580280"},"modified":"2024-05-08T16:11:34","modified_gmt":"2024-05-08T20:11:34","slug":"charles-barkley-reveals-to-shannon-sharpe-how-he-lost-25m-gambling","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/charles-barkley-reveals-to-shannon-sharpe-how-he-lost-25m-gambling\/","title":{"rendered":"Charles Barkley Reveals to Shannon Sharpe How He Lost $25M Gambling"},"content":{"rendered":"

NBA Hall of Famer Charles Barkley revealed to NFL legend Shannon Sharpe in a recent episode<\/a> of the \u201cClub Shay Shay\u201d podcast how he lost $25 million gambling over the years.<\/span><\/p>\n

Charles Barkley won a million dollars seven times, lost a million 25 times from gambling on $25,000 a hand<\/b><\/h2>\n

“I love to gamble, I don't like to gamble,” Barkley told the NFL Hall of Fame tight end. \u201cI would go to Vegas, and I\u2019d win a million dollars.\u201d<\/span><\/p>\n

When Sharpe asked him how much he played per hand, Barkley said he played \u201c$25,000 a hand\u201d on his gambling nights.\u00a0\u00a0<\/span><\/p>\n

He preferred cash winnings. The 11-time NBA All-Star wasn\u2019t interested in checks or wire transfers. This only motivated him to continue wagering.\u00a0<\/span><\/p>\n

\u201cThere's probably been seven times when I won a million dollars,” Barkley added.<\/span><\/p>\n

“But there's probably been 25 times when I've lost a million.”<\/span><\/p>\n

Sir Charles admitted that he was obligated to quit gambling for two years because it was \u201cgetting out of hand.\u201d\u00a0<\/span><\/p>\n

The 1993 MVP noted that he could have had several paydays between $600,000 to $700,000, but he insisted on playing until he left with at least a million.<\/span><\/p>\n

“We'll be sitting there, I'll be up, and my friends would be like, ‘Chuck, let's go for the night'.<\/span><\/p>\n

“And in my head I'm saying, ‘Nah, we're not leaving this motherf<\/span>\u2014<\/span>ker until I win a million dollars.”<\/span><\/p>\n

Barkley doesn\u2019t view his gambling as a problem, calls it a \u201cbad habit\u201d<\/b><\/h2>\n

Charles Barkley admitted that he felt exhilarated whenever he won, but his betting<\/a> losses far exceeded his winnings.<\/span><\/p>\n

“I got such a elation [when I won], but when I lost a million, I was so depressed. Because of the money, but [mainly] because of the losing,” he told Shannon Sharpe.<\/span><\/p>\n

“I'd be depressed for a week [thinking], ‘Damn, I lost a million dollars?'<\/span><\/p>\n

“I'd send the bill to my financial people and they'd be yelling and yelling and yelling.<\/span><\/p>\n

“I was getting out [of] hand. No matter how good it feels winning, when you lose, it just f<\/span>\u2014ki<\/span>ng sucks.”<\/span><\/p>\n

Barkley enjoyed gambling the most throughout the \u201880s and \u201890s, when he was close friends with fellow high-roller gambler Michael Jordan.<\/span><\/p>\n

In 2021, former NBA All-Star Antoine Walker appeared on <\/span>All Things Covered<\/span><\/i> and told a story about the time he and Jordan almost lost a million dollars playing in a 36-hour game of spades.<\/span><\/p>\n

Walker and Jordan were down $900,000, but the two still managed to get back <\/span>all the money except $20,000.<\/span><\/p>\n

In the end, Barkley doesn\u2019t view gambling as an issue.\u00a0<\/span><\/p>\n

\u201cIt\u2019s not a problem,\u201d Barkley said. \u201cIf you\u2019re 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\u2019t think it\u2019s a problem.<\/span><\/p>\n

“Do I think it\u2019s a bad habit? Yes, I think it\u2019s a bad habit. Am I going to continue to do it? Yes, I\u2019m going to continue to do it.\u201d<\/span><\/p>\n

Charles Barkley, who is a current TNT analyst for <\/span>Inside the NBA<\/span><\/i>, has an estimated net worth of $60 million in 2024.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

NBA Hall of Famer Charles Barkley revealed to NFL legend Shannon Sharpe in a recent episode of the \u201cClub Shay Shay\u201d podcast how he lost $25 million gambling over the years. Charles Barkley won a million dollars seven times, lost a million 25 times from gambling on $25,000 a hand “I love to gamble, I […]<\/p>\n","protected":false},"author":305,"featured_media":1580281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447288,447316],"tags":[447423,91,447424,447426],"acf":[],"yoast_head":"\nCharles Barkley Reveals to Shannon Sharpe How He Lost $25M Gambling<\/title>\n<meta name=\"description\" content=\"NBA Hall of Famer Charles Barkley revealed to NFL legend Shannon Sharpe how he lost $25 million gambling. 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