Bad beat: Gambler lost $500K on National Championship Game wager
By Scott Rogust
One bettor felt really good about Ohio State prior to the CFP National Championship Game and it cost him dearly.
The CFP National Championship is a virtual holiday for college football fans who like to engage in legal sports betting. With the No. 1 ranked Alabama Crimson Tide facing the No. 3 Ohio State Buckeyes, some felt the contest was going to be a back-and-forth affair. One individual felt mighty confident about the underdog Buckeyes and it cost him dearly.
According to BetMGM in Las Vegas, one bettor placed $500,000 on the Buckeyes winning outright against the Crimson Tide. That’s right, they didn’t bet to cover the spread. Only a straight-up win, which would’ve paid them $1.3 million!
JUST IN:
— BetMGM 🦁 (@BetMGM) January 11, 2021
A bettor in Vegas just placed a $500,000 wager on Ohio State ML (+260)
The bet would payout $1,300,000 😳 pic.twitter.com/xRJVLEpNxB
A bet that turned out to be a massive gamble
In the first 25 minutes, it looked as though the Buckeyes were going to put up a fight against Alabama, as they only trailed 21-14 in the second quarter. However, the Crimson Tide pulled away before halftime with a field goal and two touchdown receptions from star wide receiver DeVonta Smith.
It was a rout after that.
We admire the individual for their intestinal fortitude, but the gamble turned out to be too huge of a risk.
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