Despite not winning the Masters since 2005 and no major at all since 2008, Woods was a popular pick among the betting public, leading to major payouts in Las Vegas and elsewhere.
By Des Bieler Des Bieler Sports reporter covering national topics, including fantasy football, as well as supporting coverage of D.C.-area teams Email Bio Follow April 14 at 8:27 PM Tiger Woods’s triumph Sunday at the Masters wasn’t just a feel-good story for himself and legions of golf fans; it made a lot of bettors happy as well. Several major sportsbooks took a beating on the victory, with one bettor heading to the 19th hole with a tidy profit of approximately $1.2 million.
“We got our tails kicked,” Bogdanovich said. “That’s just business. A guy drops money on the counter, we accept the wager, we pay, and then we move on. Does it sting? Sure it stings, but it’s just part of the business. Tiger is Tiger. He’s the greatest golfer I’ve ever seen. Hopefully, we will get some new golf bettors out of it.
FanDuel confirmed over $3 million in losses, with over $1 million a result of a promise to participants in a contest that all would get a refund if Woods won. As with officials from DraftKings, a FanDuel executive asserted to Rovell that, in the long run, Woods’s return to prominence is a positive for their business.“We actually want our players to get their wins,” said Jamie Shea of DraftKings. “They definitely beat us today, and hopefully they’ll come back.
“I believe my direct quote was, ‘Guys, there’s no way Tiger is winning this tournament,’ ” the executive, Matthew Primeaux, told ESPN. “Whoops.”
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