Sports bettors can often win big but sometimes can lose money that ends up causing all kinds of issues. Despite the high risk of betting money period did not seem to affect a bettor in Kentucky, who bet a staggering and record-breaking $3.1 million on the Philadelphia Eagles to win has hit big.
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The scary nature of this bet is losing millions, which nearly was the case, as the Carolina Panthers fought to the bitter end.
According to a story from ESPN about the initial bet, the unnamed bettor dropped $3.1 million and has brought in approximately $442,800 for the win.
The story also indicates that the bet is, “one of the largest bets ever reported on an NFL regular-season game.”
The bet was placed through Circa Sports, with ESPN reporting:
“Circa Sports took the wager on the Eagles money line Thursday afternoon at -700 odds, which would net approximately $442,800. In response, the sportsbook moved its line on Philadelphia to -870 and lengthened Carolina to +650 as of Friday morning. Other sportsbooks have Philly as long as -675, with the Birds giving around 13 points to the Panthers on the spread marketwide.”
“Circa Sports owner Derek Stevens told ESPN that the bettor first placed $1 million on the Eagles, then asked to bet more, ending up with the $3.1 million on Philadelphia. It’s the largest bet the sportsbook has ever taken, Stevens said.
“I told my guys in the risk room to go to work and get some buyback on the Panthers,” Stevens said Friday. “With us being in five states now, we should have the liquidity to get enough buyback to where we end up needing the Eagles.”
The Eagles and Panthers went back and forth on Sunday, and Carolina was leading 16-14 heading into the third quarter. However, Philadelphia’s defense began to show up plenty in the fourth quarter.
The Eagles marched down scored a touchdown, and added more on the two-point conversion.
Bryce Young and the Panthers began to march down the field, but the young quarterback ended up throwing a game-losing interception. The Eagles secured their 11th win of the season and helped the bettor win over $400,000.
Despite betting $3.1 million on the Eagles to win, the -700 odds on the bet led to the bettor only winning a fraction of the initial bet. Either way, it would be believed that this bettor was likely stressed to the max until the interception was thrown by Bryce.
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