Image Source: Patrick Everson
Key Takeaways:
- A Fanatics Sportsbook customer won over $40,000 with an eight-leg parlay, but chose to cash out early rather than risking it all for a potential $95,000 payout.
- A DraftKings Sportsbook customer won $166,666.67 with a $200,000 bet on the Chicago Bears to cover the spread against the Green Bay Packers.
- A Fanatics customer won $10,044 with a two-leg player-prop parlay on the Los Angeles Rams vs. Carolina Panthers game.
- Big bets were placed on NFL wild-card games, including a $105,000 bet on the Bears to cover the spread and a $100,000 bet on the Miami Hurricanes to cover the spread.
- Sports bettors should always keep in mind that parlays are a bookmaker’s best friend and should never bet more than they can afford to lose.
Introduction to the World of Sports Betting
The world of sports betting can be a thrilling and unpredictable place, where fortunes can be won and lost in an instant. As Patrick Everson, a sports betting analyst for FOX Sports, notes, "Parlays are a bookmaker’s best friend." This is because parlays, which involve betting on multiple games or outcomes, offer a high potential payout but also come with a high level of risk. However, for those who have the disposable income to take on this risk, the potential rewards can be significant. As one Fanatics Sportsbook customer discovered, a well-placed parlay can result in a life-changing payout.
A Prudent Decision
A Fanatics Sportsbook customer found themselves in a difficult position over the weekend, with an eight-leg parlay that had already seen seven of its legs come through. The bettor had wagered $1,000 on the parlay, which had odds of +9532, or just beyond 95/1. With the potential payout of $95,320 hanging in the balance, the bettor was faced with a difficult decision: to let the bet ride and risk losing everything, or to cash out and take a guaranteed payout of $41,433.81. In the end, the bettor chose to cash out, a decision that Everson describes as "prudent." As he notes, "Anytime you can multiply your investment times 40, it’s not a bad idea to consider doing so."
Big Bets and Big Payouts
The weekend saw a number of big bets placed on NFL wild-card games, including a $200,000 bet on the Chicago Bears to cover the spread against the Green Bay Packers. This bet, placed at DraftKings Sportsbook, paid out $166,666.67 when the Bears came back from a 21-3 halftime deficit to win 31-27. Another notable bet was a $105,000 wager on the Bears to cover the spread, which paid out $115,500 in profit. As Everson notes, "High-rollers have the bankroll to take such risks, and absorb the losses. So keep your wagers and your expectations reasonable. Never bet more than you can afford to lose."
Parlay Payouts
Parlays were a major theme of the weekend, with a number of significant payouts reported. One Fanatics customer won $10,044 with a two-leg player-prop parlay on the Los Angeles Rams vs. Carolina Panthers game. The bettor had wagered $124 on the parlay, which had odds of +8000, or 80/1. As Everson notes, "It’s not all about making big bets or cashing out huge on a 10-leg parlay. Sometimes, it’s about putting 10 bucks on a single straight bet, backing a long shot or semi-long shot, and getting a solid return on investment."
In-Game Betting
In-game betting was also a major theme of the weekend, with a number of significant payouts reported. One FanDuel customer won $915.44 with a $14.50 in-game parlay bet on the Bears to come back and win, and D.J. Moore to score a touchdown. The bettor had utilized a 25% profit boost, which hiked the odds to +6213, or just beyond 62/1. As Everson notes, "Crazily enough, the Bears came back to win, clinching it on D.J. Moore’s 25-yard touchdown catch with 1:43 remaining. So that $14.50 blossomed into $915.44. It’s not five or six figures, but any of us would take that kind of ROI. And that kind of luck."
Conclusion
The world of sports betting is a complex and unpredictable place, where fortunes can be won and lost in an instant. As Everson notes, "Parlays are a bookmaker’s best friend," and should be approached with caution. However, for those who have the disposable income to take on the risk, the potential rewards can be significant. Whether it’s a big bet on a NFL wild-card game or a small wager on a long shot, the key to success in sports betting is to always keep your wagers and your expectations reasonable, and never bet more than you can afford to lose. As Everson concludes, "Keep your wagers and your expectations reasonable. Never bet more than you can afford to lose."
https://www.foxsports.com/stories/nfl/big-bets-report-bettor-cashes-41k-before-final-wild-card-game