Tiger Woods Nearly Bankrupts Several Bookies

You gotta figure when a guy hasn't won a major since 2008, let alone the Masters since 2005, that he is a bit of a longshot. Unless, of course, that golfer is Tiger Woods. But don’t tell that to a few bookies from Nevada to New Jersey who actually didn't believe Tiger would win the Masters. That turned out to be a very expensive miscalculation. Woods won the Masters yesterday for his first major title since the 2008 U.S. Open and first win at Augusta National since 2005. Woods was listed among the top tier of contenders, closing at around 12-1. On Tuesday, a bettor at a William Hill U.S. sportsbook at SLS Casino in Las Vegas, Nevada placed an $85,000 bet on Woods to win at 14-1 odds. It was the first bet ever placed by the customer at William Hill and will pay out $1.19-million, the largest single golf ticket in the company's history in the U.S!

"Pretty good first bet," William Hill U.S. director of trading Nick Bogdanovich said. It's believed to be the fourth seven-figure payout on a bet at a William Hill U.S. sportsbook. The previous three were on the Philadelphia Eagles in Super Bowl LII against the New England Patriots. "It's great to see Tiger back," Bogdanovich added in a release. "It's a painful day for William Hill - our biggest loss ever - but a great day for golf." The SuperBook at Westgate Las Vegas reported a high-five-figure net loss on its Masters futures.Jeff Sherman, Vice President of risk for the SuperBook and a golf odds specialist, said he couldn't recall the last time the book had suffered a net loss on the Masters winner and that Woods' win likely produced the book's largest loss on a golf event.

Uh...wouldn't YOU love to have $85,000 to throw around...?!

Source:ESPN

Mark Manuel

Mark Manuel

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