A gambler in New Jersey lost $506,000 he had wagered on the Cleveland Browns on Saturday. He was backing the Browns to cover the spread in their game against the Los Angeles Rams.
a lot of sportsbooks across the country were hit hard
The spread for the game was +4.5 points for the Cleveland Browns, but they lost 20-13, meaning they did not cover the spread. The bet of $506,000 was made at the Ocean Casino Resort in Atlantic City. Even though this particular casino won big on the game, a lot of sportsbooks across the country were hit hard by the game’s result.
Popular game for bettors
The William Hill sportsbook’s director of trading, Nick Bogdanovich, spoke about these losses:
Even with the big fluke bet we took, this result was still horrible for us.”
According to Bogdanovich, there was a massive handle bet on the game. To date, it was the highest amount staked on a game this season. William Hill had extended the spread from 2.5 points to 4 points, with the majority of live bets also being placed on the Rams.
Bogdanovich confirmed that the $506,000 bet on the Browns was the biggest bet seen during this season. The bettor in question is a regular customer of the sportsbook at the Ocean Casino Resort.
Other notable bets
There were other large sums of money staked on games during week three of the NFL season.
A sports bettor wagered $208,000 on the Minnesota Vikings defeating the Oakland Raiders. The bet was placed online at DraftKings. The Vikings were victorious on a margin of 34-14, which saw the bettor make a profit of $56,200 after getting his money line at -370.
The online PointsBet sportsbook was hit hard again in week three of the season. A bettor staked $390,000 on a two-team parlay bet involving the San Francisco 49ers and the Green Bay Packers. With both teams winning, his profit amounted to $300,000.
In week two of the NFL season, the Australian bookmaker PointsBet suffered a $600,000 loss from a single $30,000 wager.