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Charles Barkley lost nearly $30 million gambling

Andrew Joseph, azcentral sports 12:42 p.m. MST January 16, 2015

 

Charles Barkley court side prior to the game between the Phoenix Suns against the Los Angeles Clippers at the US Airways Center.(Photo: Mark J. Rebilas/USA TODAY

 

The gambling escapades of Charles Barkley are not a secret. The former Suns star has been open about his habits and that continued when he joined Campus Insiders' Seth Davis for an interview.

 

Davis asked Barkley about his two-year break from gambling, and Barkley shed some light on just how bad it got. Barkley projected that he had lost a million dollars on 30 separate occasions.

 

"I went to Vegas a bunch of times and won a million dollars. Probably 10 times. But I've also went to Vegas and lost a million probably three times as much," Barkley said.

Barkley did say that he was never worried about gambling addiction, though. Before he took the break from gambling, his goal was to win a million dollars on every trip to Vegas, which often led to big losses. But Barkley said that he has learned to stop gambling when he's ahead.
 

He also is fine with stopping when he's down $200,000 and can still have a good time.

"You know, it's like anything, if you do it in moderation it's alright," Barkley said. "And now with my gambling, 'cause I love it. I love the action, I love the juice. But I just learned to do it in moderation."

That's a loose definition of moderation, but it's definitely an improvement on losing millions.

 

http://www.azcentral.com/story/sports/heat-index/2015/01/16/charles-barkley-lost-nearly-30-million-gambling/21871513/