Wager Mage
Wager Mage
Photo: Lukas
The 16-team moneyline parlay carried a payout of around 29,078-to-1. Typically, a 15-team parlay can pay upward of 15,000-to-1 on parlays comprised of spread bets. The bettor, however, settled for a payout of 5,320-to-1.
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Read More »A sports bettor who needed the Detroit Lions to defeat the Green Bay Packers on Monday Night Football to hit a mammoth 16-team parlay wound up cashing out the bet after all. After nailing the first 15 legs of the massive parlay, the Michigan bettor stood to collect $726,959 on the $25 risk-free bet had the Lions prevailed on Monday night at Lambeau Field. As a token of goodwill, BetMGM Sportsbook decided to reward the bettor with a pre-tax payout of $133,000. BetMGM publicized the parlay on Monday after the Ravens rallied to defeat the Chiefs 36-35 on Sunday Night Football. The 16-team moneyline parlay carried a payout of around 29,078-to-1. Typically, a 15-team parlay can pay upward of 15,000-to-1 on parlays comprised of spread bets. The bettor, however, settled for a payout of 5,320-to-1. It is unclear if the bettor negotiated a settlement with BetMGM during the game on Monday night or was compensated in the aftermath of the Lions’ defeat. “With a free bet, bettors don’t have the option to cash out. Given how incredible his 15 picks were, our trading team made an exception and worked with the bettor to offer a payout of $133,000,” a BetMGM spokesperson told MI Bets.
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Read More »On Monday night, the Lions improbably jumped out to an early lead and went to the locker room up 17-14 after Austin Seifert hit a 43-yard field goal with three seconds left in the first half. With the Lions up three, the bettor was only two quarters away from cashing a six-figure ticket. The wager generated a vigorous debate on Twitter, as sharp and recreational bettors alike urged the customer to hedge his bet. A simple $300,000 moneyline wager on the Packers (-600) would have returned a payout of $50,000. If the Lions pulled off the upset, the hedge would have dampened the customer’s return on investment, but he still would have taken home a pre-tax amount in excess of $420,000. Alternatively, the customer could have used the $25 risk-free bet on a 15-team parlay, ending with Sunday night’s contest. After collecting his winnings, he could have rolled over a portion of the payout on the Lions at +400 and still emerged as a winner regardless of the outcome. The Lions didn’t score again in the 35-17 defeat. Or if he had just done 13 bets and not counted SNF. He literally took a free $25 bet and then threw every game on the slate without thinking about it. Not a high stakes situation 99.9999% of the time. — Daniel (@aceragoff) September 22, 2021
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The more correct picks you have in your system bet, the higher the winnings. If you fail to meet the system criterion (e.g. only one pick is...
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