Delaware Sports Bettor Loses out On Over $100K

Written by:
Dan Shapiro
Published on:

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 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

Gambling News

Sports Betting News Updates: Disney,

Sports Betting News Updates: Disney, Others Risk Reputation, PointBet Refunds on Egregious No Call

A number of media companies have gotten into bed with gambling firms in recent weeks.  Caesars hooked up wtih ESPN last year, well ahead of more recent "open" marriages where the media firms like Fox and possibly Sinclair will act as bet takers.

Influence of Blockchain on Internet Gambling

Influence of Blockchain on Internet Gambling

Ahead of the highly anticipated first ever segment on the long running CBS news magazine 60 Minutes covering bitcoin, Inside Financial looks at the impact blockchain has had on the gaming sector.

Legalized Sports Betting in the US: The Good the Bad and the Ugly

Legalized Sports Betting in the US: The Good the Bad and the Ugly

John Holden, Assistant Professor at Oklahoma State University, has written a must read paper on the legal sports scene in the United States one year after the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA). 

You're Not Welcome: Illinois Bill Seeks to Prevent Entrance by Draftkings, FanDuel

Language in a current version of bill floating around Illinois legislature seeks to keep out US legal sports betting titans FanDuel and Draftkings, both of which have absolutely cornered the NJ market.  The Cook County record suggests there will most certainly be legal repercussions.

Sports Betting Forums: Top Discussions

We tap into the hottest discussions on the sports betting forums and social media.  Hot now: Caesars-ESPN deal not celebrated by all, Bitcoin exchanges and gambling, Illinois sports betting bill keeps out Draftkings, FanDuel?