Most Sportsbooks didn’t believe Tiger Woods would win the Masters, they were wrong.
Woods captured the Masters on Sunday, his first major title since the 2008 U.S. Open and first win at Augusta National since 2005. Woods was listed among the top tier of contenders, closing at around 12-1.
Tiger captured the Masters on Sunday, his first major title in 11 years. Woods was listed among the top tier of players, at around 12-1.
“On Tuesday, a bettor at a William Hill U.S. sportsbook at SLS Casino in Las Vegas, Nevada placed an $85,000 bet on Woods to win at 14-1 odds. It was the first bet ever placed by the customer at William Hill and will pay out $1.19 million, the largest single golf ticket in the company’s history in the U.S.”
Woods finished off the win with a -2 on Sunday. He entered the final round two shots back of Francesco Molinari. History has shown that Tiger does not comeback on Major Sunday’s because he prefers to play with a share of the lead. Therefore sporstbooks weren’t convinced Tiger had it him and were willing to extend live odds.
BetStars’ sportsbook in New Jersey reported taking an approximately $360,000 net loss on its Masters futures market, the largest in the company’s brief history offering sports betting in the U.S. BetStars also boosted Woods’ odds, at one point offering the five-time Masters champion at 100-1 with a $10 limit as a promotion.