- A bettor placed a $3 million bet on a three-leg parlay, making it the largest mobile sports bet ever.
- The bet was made on the Georgia Bulldogs, Alabama Crimson Tide, and the Green Bay Packers winning their respective divisions.
- There was another interesting bet made last week on a heavy favorited BYU Cougars to beat the Texas-San Antonio Roadrunners.
LAS VEGAS – An unidentified gambler has made a $3 million three-leg parlay bet on Tuesday that will pay out $8.6 million if it is successful according to DraftKings.
The bet featured the Alabama Crimson Tide to win the SEC West division, the Georgia Bulldogs to win the SEC East division, and the Green Bay Packers to win the NFC North division. The bettor would have a net profit of $5.6 million if this bet wins.
The bet was placed on Tuesday and the total was split between two tickers of $2,927,509.43 and $72,490.57 which adds up to exactly $3 million.
The odds for the parlay are +186 and placing the bet made it the largest bet made on a legal sports betting mobile app ever.
.@DKSportsbook takes its biggest mobile sports bet ever:
A $3 million three-team parlay:
Packers to win NFC North (-360)
Georgia to win SEC East (-110)
Alabama to win SEC West (-670)
Bet would win over $5.5 million.
Placed at 10:49 a.m. Tuesday and verified via screenshot.
— Ben Fawkes (@BFawkes22) October 6, 2020
Alabama and Green Bay have pretty heavy odds to win the bet with Georgia seemingly the hardest leg to win at this point in the season. Georgia and the Florida Gators currently have close odds to win the SEC East.
Other Notable Large Sports Bets
Another interesting bet was placed last week in Las Vegas at the William Hill Sportsbook at Caesars Palace when a bettor made a $240,000 money-line bet on the BYU Cougars vs. Texas-San Antonio Roadrunners game.
BYU was the heavy favorite by 34.5 points on legal sportsbooks and with the bet to win straight up the payout would be a $3,428.55 profit.
The bet is interesting because it was only a 1.4% return and though it seems questionable about players making big money line bets on huge favorites, a former Las Vegas bookmaker says it is more common than many would think.
Some people believe that people use these types of bets for money laundering but based on the bet, this would be a bad attempt.
“If someone had $240,000 in somewhat illicit funds, and they had a runner that could walk into a Las Vegas sportsbook without arousing suspicion with that amount, BYU, until kickoff yesterday, seemed like an incredibly safe bet, and it gets you the return of your principle into reportable, taxable income, which is what you want from a laundering point of view,” said Mac Verstandig, a Las Vegas attorney. “It just sends up more red flags than a May Day parade at Tiananmen Square.”
Verstandig, who specializes in gambling cases, knows how much sportsbooks have anti-money laundering protocols to follow which makes the bet all the more interesting.
Adia has a background in sports writing and strives to provide content that gives the readers accurate information. As a storyteller, she also works hard to create stories that are engaging to the audience. Whenever she’s not writing on sports betting news, she is getting her heart broken by every sports team in Georgia.