Bettor who just missed 16-team parlay received cash out amount, after all

Detroit Lions v Green Bay Packers
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You may have heard about the gambler who had a 16-team, money-line card that went 15 for 15 on Sunday, with only a Detroit Lions win over the Green Bay Packers standing in the way of a $726,000 payout. Obviously, the Lions lost — and there went the money.

Unless it didn’t.

As explained by Darren Rovell of TheActionNetwork.com, BetMGM has paid the cash out amount of $133,000 for the 15-of-16 showing, even though the specific wager (a free $25 bet) was not eligible for the cash out option.

Rovell also explains the challenges inherent to hedging a bet like this. Basically, the gambler would have had to borrow $580,000 to win $100,000, guaranteeing a profit of either $100,000 (with the Packers win) or $146,000 (if the Lions had won).

The rules of the promotional bet technically prevented the cash out. BetMGM — spending money wisely for the purposes of persuading others to come to the table with their own — opted to give the gambler the $133,000 for getting the first 15 games right.

Meanwhile, why in the hell did this person think the Lions would win the game?

6 responses to “Bettor who just missed 16-team parlay received cash out amount, after all

  1. To answer Florio’s question:

    The guy thought the reason why the Lions would win is for the same reasons he went 15 for 16. Dude almost pulled off the impossible, get him a job.

  2. gambling is ruining the game as are the never-ending sportsbook ads during them.
    ——————
    Truer words have never been typed.

  3. Because in order to go 16-0 you have to pick upsets. Green Bay looked horrible the week before, and he took a swing for the fences.

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