Some NFL Week 1 Notable Bets: $30K Bet on Ravens Turns Into $600K Payday

Written by:
Don Shapiro
Published on:

At CG Technologies in Las Vegas one man bet $40K on the Seattle Seahawks to win Straight Up.  They beat Cincinnati by a single point and he walked away with an $8000 profit.

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This was one of a handful of notable bets made during Week 1 of the 2019 NFL season.

One lucky gambler profited $600K on the Ravens.

From ESPN.com:

Bookmaker PointsBet offers a unique way to bet on the NFL. They call it "PointsBetting," a high-risk, high-reward wager that the bookmaker pioneered in Australia and brought to the U.S. last summer.

It works like this: For every point a team covers the spread by, the initial stake multiplies. If you place a $5 "PointsBetting" wager on Team A -3, and Team A wins by 10 points, you win $35 (7 points times $5 per point above which the team covered the spread). Bettors have the option of setting the limits on a maximum win or loss, up to 50 times the initial wager.

On Sept. 1, a "sharp client" placed the largest "PointsBetting" wager the book has taken since arriving in New Jersey: A $30,000 bet on the Baltimore Ravens -6 against the Miami Dolphins. The bettor chose to set the maximum win/loss at 20 times their initial wager.

The Ravens won 59-10 on Sunday, and the bettor won $600,000.

The Ravens' rout of the Miami Dolphins was the among the most costly game in Week One.  93.7% of the money that had been bet on the game's point spread at Caesars Sportsbooks was on Baltimore.

Serving the state of New Jersey helped Pointsbet recover some of its losses.

The Bills-Jets game was the most heavily-bet on of the day at PointsBet. Approximately 90% of the money bet on the point spread was on the Jets.  New York failed to cover in the final minutes.

Elsewhere, the SuperBook at Westgate Las Vegas took a $45,000 moneyline bet on the Eagles to beat Washington straight-up at -450 odds. The bettor won a net $10,000.

- Don Shapiro, Gambling911.com

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