When the Chargers went up 27-0, a bettor bet $1.4 million on them to win the game to net $11,200. Jacksonville came back and won 31-30.

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This shit happens a LOT more than you might think, obviously not at this level. I was guilty myself once or twice. Last spring when the VGK were fighting for their playoff lives in the closing games of the season, they had the New Jersey Devils at home, one of the worst teams in hockey. I put a much heftier wager on VGK than I normally would just to win a small amount, and the Devils won. Lesson learned!
 

A book has to agree to take such a bet in the first place, which seems crazy?? Why would they essentially agree to just give away $11k.

Yeah, this happened and good for them. But seems crazy they'd even take it at all?
 

Bet serious money for a 0.8% profit. That is some foolishness right there.
 

Right, but it's like saying "you get to have a free $11k because you have $1M in your bank account". That's kinda how wealth works overall, anyway.

Whoops!
 



I didn't know Glen Mason coached the Chargers.
 





Gophers_4life said:
A book has to agree to take such a bet in the first place, which seems crazy?? Why would they essentially agree to just give away $11k.

Yeah, this happened and good for them. But seems crazy they'd even take it at all?
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It's hard to believe they're taking $11.5 limits on live betting. Most places limits are much smaller than that on live betting. That said, he may have special limits, and if the guy is a known commodity, and has $1.4 million posted up in a cash account, you take that bet all day long.
 

Costa Rican Gopher said:
It's hard to believe they're taking $11.5 limits on live betting. Most places limits are much smaller than that on live betting. That said, he may have special limits, and if the guy is a known commodity, and has $1.4 million posted up in a cash account, you take that bet all day long.
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That specific bet? (ie, knowing that Jax had a damn good chance to win the game on paper)

Or any bet like that?? If so, why?
 

Gophers_4life said:
That specific bet? (ie, knowing that Jax had a damn good chance to win the game on paper)

Or any bet like that?? If so, why?
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Typically limits on live betting are smaller than on the point spread, or total that's been posted all week. That's due to the point spread & total having been "ironed out" by the professionals, and the house feeling extremely confident in the point spread, and total being the right line. It's also due to them having massive volume on the point spread, and total already since they've been up all week. The higher the volume, the more the juice works for the house.

In the case of live betting, it's more dynamic, with the oddsmaker forced to set the line on the spot, opening them up to more room for error, and offering less room to take bets on the other side. Essentially by taking huge limits on live betting, the house is gambling, and normally the house does not want to be gambling.

That said, when you have a whale that plays with you, and loses, you accommodate them whenever possible. This bet was allegedly made at DraftKings, which is post up only, meaning the better actually has $1.4mm on deposit with them. That means...he's a whale, he's not a pro, and he's already lost a fortune to them. Letting someone lay 125-1 to win $11k is small potatoes if that player has lost millions to you already, and as you can see...there's no such thing as a sure thing.
 
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Gophers_4life said:
Right, but it's like saying "you get to have a free $11k because you have $1M in your bank account". That's kinda how wealth works overall, anyway.

Whoops!
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The way I always looked at is was, "As long as I have more chips than you do, I'll take that bet. All I have to do is win one of these. You've got to win 125 in a row".
 
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Bob_Loblaw said:
I'd guess he makes several similar bets. So you win some and you lose some. Now, the "some" he wins is going to have to be about 130 of them in a row :).
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I do wonder if the bettor had action on the Colts/Vikes. Imagine that kind of double down.
 

So if this bettor lays down a $140 Million halftime bet on the Eagles to Win can they break even from last week?
 

Costa Rican Gopher said:
That said, when you have a whale that plays with you, and loses, you accommodate them whenever possible. This bet was allegedly made at DraftKings, which is post up only, meaning the better actually has $1.4mm on deposit with them. That means...he's a whale, he's not a pro, and he's already lost a fortune to them. Letting someone lay 125-1 to win $11k is small potatoes if that player has lost millions to you already, and as you can see...there's no such thing as a sure thing.
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Doesn't the whale have to be Phil Mickelson? He checks a lot of boxes.

- Big gambler.
- Track record of losing.
- Chargers fan.
- Flush with LIV dough.

Just sayin'...

2nd guess is Charles Barkley.
 

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