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Some bookmakers from Nevada, New Jersey, did not believe Tiger Woods would win the Masters.
This was an expensive miscalculation.
Woods won the Sunday Masters, his first major title since the 2008 US Open and his first win at Augusta National since 2005. Woods was among the top candidates, closing around 12-1.
Tiger Woods won the Masters for the fifth time, winning his first major title in more than ten years.
Only two years ago, Tiger was sitting at Augusta National and thought that he was "finished". On Sunday, he was wearing the green jacket improbably for the fifth time.
Here's what athletes, celebrities and other notable golfers have to say about Woods triumphing at Augusta, which provoked Sunday's frenzy on the Internet.
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On Tuesday, a sportsbook bettor from William Hill, Nevada placed $ 85,000 on Woods to win a 14-1 rating. This was William Hill's first-ever bet ever placed by the customer and would pay $ 1.19 million, the largest individual golf ticket in the company's history in the United States.
"Very good first bet," said Nick Bogdanovich, sales director of William Hill in the United States, at ESPN.
It is thought that this is the fourth seven-figure win on a wager on William Hill's American bookmaker. The previous three were part of the Philadelphia Eagles in the LII Super Bowl against the New England Patriots.
"It's great to see Tiger coming back," Bogdanovich said in a statement. "It's a painful day for William Hill – our biggest loss of all time – but a great day for golf."
The Westgate SuperBook Las Vegas posted a five-figure net loss on its Masters futures contracts. Jeff Sherman, vice president of risks for the SuperBook and golf ratings specialist, said that he could not remember the last time the book had suffered a net loss against the Masters winner and that the victory of Woods had probably resulted in the most significant loss of the book on a golf event.
In February, the SuperBook had bet $ 10,000 on Woods at 12-1, which would bring in $ 120,000.
"I thought he had a chance to be competitive," Sherman told ESPN, "but I'm a little surprised that he wins, especially with the competition he's been facing I said before the tournament that if you eliminated Tiger Woods, you'd have a golfer with someone's stats at 25-1 odds. "
BetOnline.ag, an offshore sports magazine, told ESPN that Woods' victory led to the company's biggest loss in a futures market, higher than it had been in the Super Bowl.
It was not so bad for the bookmakers. Sports betting Caesars Entertainment, who said they saved a small victory over the Masters, made a big bet on a bid bet yes / no, "Will Tiger Woods win the four major tournaments?" The bettor has put $ 20,000 on the "no" at -100,000. If Woods does not win the PGA, U.S. Open and Open championships, the bettor will collect a net $ 20. Woods opened as a +850 favorite to win the PGA Championship at FanDuel, with Rory McIlroy and Dustin Johnson behind him at +950.
Woods finished the win with a 2 under par 70 on Sunday. He entered the final phase 2 shots back from Francesco Molinari.
Several bookmakers were not convinced that Woods had it in him and were willing to offer extended odds and promotional refunds.
On Saturday with Woods in contention, DraftKings increased its chances from 3-1 to 10-1 and up to 15-1 in Sunday's final round. Nearly 60% of the bets since the third round were on Woods at DraftKings, and about 30% of all live bets placed during the tournament were on Woods.
FanDuel told ESPN that its daily fantasy contest offers on the Masters would be more expensive than its results on the sportsbook site. FanDuel has organized a promotion for its $ 1 million Mega Eagle Daily Fantasy Contest for the Masters, which paid off the entry fees of each competitor, even though Woods was not in their lineup .
FanDuel announced that it would disburse more than $ 2 million in winnings and promotional refunds as part of the $ 1 million Mega Eagle Contest held at the Masters, the largest ever fantastic golf contest ever held for the society.
FanDuel told ESPN that its daily fantasy contest offers on the Masters would be more expensive than its results on the sportsbook site. FanDuel has organized a promotion for its $ 1 million Mega Eagle Daily Fantasy Contest for the Masters, which paid off the entry fees of each competitor, even though Woods was not in their lineup .
FanDuel announced that it would disburse more than $ 2 million in winnings and promotional refunds as part of the $ 1 million Mega Eagle Contest held at the Masters, the largest fantasy golf contest ever held for the society.
BetStars sports betting in New Jersey has announced a net loss of approximately $ 360,000 on its Masters futures market, the largest in the company's brief history of sports betting in the United States. BetStars also boosted Woods's chances. 100-1 with a limit of $ 10 on promotion.
Matthew Primeaux, senior vice president of strategy and operations at BetStars, said the book was intended to allow players to bet 100 dollars on Woods at 100-1, but subsequently opted for $ 10.
"I think my direct quote was:" Guys, it's impossible for Tiger to win this tournament, "Primeaux told ESPN. "Oops."
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