..

Delaware Sports Bettor Loses out On Over $100K

Written by:
Dan Shapiro
Published on:
Oct/12/2010

A Delaware sports bettor who had won 14 of his picks in a 15-team parlay following a push in the 49ers-Eagles game failed to hedge his bet properly, The Philadelphia Daily News has revealed.

As Gambling911.com has previously reported, the state of Delaware offers a $5, 15-team parlay bet which would result in a $100,000 payoff.  The individual in question placed that 15-team parlay bet and won with his initial 14 teams, however, due to the bye weeks, the final pick had to wait another week.  It was on the 49ers’, who at the time were a 3-point underdog.  They were then made a 3-point favorite following the Eagles Michael Vick suffering an injury.

Had the gambler properly hedged his bet online, the winnings could have been over $100,000.  Instead, he profited a mere $7000.  We won’t get into all the complicated math but let’s just say this gambler must be slamming his head against the wall right about now. 

The bettor’s original wager on San Francisco at +3 was a loss since Philly managed to win by 3 points, resulting in a push. 

Unlike with the online sportsbooks, Delaware’s 15-team parlay bet does not revert back to 14-team parlay odds with a push.  The push automatically results in a loss.  – Dan Shapiro reporting for Gambling911.com.

Gambling News

Celtics vs. Heat Game 7 Betting Odds

Celtics vs. Heat Game 7 Betting Odds

The Celtics vs. Heat Game 7 comes following a brilliant performance by Jimmy Butler.

What Are the Payout Odds - 2022 Indy 500

What Are the Payout Odds - 2022 Indy 500

Indy 500 betting odds for Sunday have Scott Dixon payout out $550 for every $100 bet and Alex Palou paying $800.

Delays Anticipated in Orioles-Red Sox Doubleheader May 28

Delays Anticipated in Orioles-Red Sox Doubleheader May 28

Weather will almost certainly be a factor at some point during the doubleheader between the Orioles and Red Sox as severe storms were anticipated later in the afternoon.  

Can I Use Bitcoin to Bet Sports Online From the State of Tennessee?

Can I Use Bitcoin to Bet Sports Online From the State of Tennessee?

You most certainly can use Bitcoin to bet sports from the great state of Tennessee.  Simply download a Bitcoin wallet, set up an account at a cryptocurrency exchange that can be linked with your bank account and

Bet on If Colin Kaepernick Will Be on the Raiders Roster in Week 1

Bet on If Colin Kaepernick Will Be on the Raiders Roster in Week 1

It's the same old Colin Kaepernick song and dance we see every offseason.  Publicity stunt tryout by token NFL team, headlines generated, but nary a chance the former quarterback will play in the league.

Syndicate