It’s Super Bowl season. So it’s time for supersized bets to be made on the Super Bowl.
Via David Purdum of ESPN.com, the first reported seven-figure Super Bowl wager for next Sunday’s Eagles-Chiefs game has been made.
Someone has bet $1 million on the Eagles straight up with BetMGM, at -125 odds. The bet will pay, if Philly wins, $800,000. And if the Chiefs win, a million bucks is gone forever.
If people with the money to make huge bets like that want to waste their hard-earned cash, so be it. But if you have the means to casually bet a million on a football game, who cares about potentially winning $800,000 — especially once all taxes are collected?
But, hey, there’s worse things you can do with a lot of money. Like buy a jar of sand for $100,000.