[ad_1]
Getty Images
You may have heard of the player who had a 16-team online card who went from 15 to 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 the money is gone.
Unless he didn’t.
As explained by Darren Rovell of TheActionNetwork.com, BetMGM paid the withdrawal amount of $ 133,000 for showing 15 of 16, even though the specific bet (a $ 25 free bet) was not eligible for the option. withdrawal.
Rovell also explains the challenges inherent in hedging a bet like this. Basically the player would have had to borrow $ 580,000 to win $ 100,000, guaranteeing a profit of $ 100,000 (with the Packers winning) or $ 146,000 (if the Lions had won).
Promotional bet rules technically precluded withdrawal. BetMGM – wisely spending money in an effort to persuade others to come to the table with theirs – chose to give the player the $ 133,000 for making the first 15 games.
Meanwhile, why the hell did this person think the Lions would win the game?
[ad_2]
Source link