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As ESPN reported on Friday, the vast majority of sports bettors backed Tiger Woods believing he would make the cut at this week’s British Open. That may prove costly.
Before the tournament, Woods was listed as a minus-190 favorite to make the cut at St. Andrews by William Hill's Nevada sportsbook. In the hours leading up to the tournament, 97 percent of the money wagered on the prop bet backed Woods to make the cut, ESPN.com reports.
While 97 percent of the money was on Woods to make the cut, 53 percent of the overall number of bets were on him missing the cut, an indication that the bigger money was on "Yes." The average bet on the "No" ended up being under $50 while the average on the "Yes" was a couple hundred dollars.
The projected cut line was hovering around even par as the late groups began to tee off. It does not look good for Woods.
- Don Shapiro, Gambling911.com
