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Bettor loses $569,000...


KingRevolver
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One bettor’s dream of a green Christmas turned into a nightmare.

 

The Seattle Seahawks have been automatic in recent years against the San Francisco 49ers, winning 10 straight games. That changed Sunday when the 49ers survived, 26-23, in overtime.

 

While it was celebrated by 49ers fans, it wasn’t by one bettor who put down a total of $569,000 on two money-line bets that had the Seahawks winning. While the bettor likely thought that money was an automatic gift, that person surely regretted it.

 

From David Purdum’s weekly Notable Bets column for ESPN:

 

According to MGM sportsbook supervisor Scott Shelton, the first bet was for $235,000 at -230 odds. The book bumped up the price to -250 and then took another $334,000 on the Seahawks from the bettor. The 49ers won 26-23 in overtime.

Purdum reported that the 49ers’ upset was “the largest win of the season on a single game for MGM.”

 

It was a tough gambling weekend for bookmakers new to the business on the other side of the country.

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You can get down plenty in NFL at a few different places. Really tough market to beat long term though. But that's a higher than normal bet there. Probably a pit whale. Counter limits are typically $50k or $100k at MGM properties for NFL and one repop at half limit for sharp players. App limits are smaller.

 

rito is usually referring to NCAAB I believe.

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Stories like this is why I never understand Rito and such saying you cant get down X amount of money.......

 

Serious question.....would he have been able to get the same amount down on SF?

 

If so then why the constant complaints about betting amounts?

If you show too much speed, especially if you’re consistently beating the closers, you’ll be fortunate to be allowed to keep making limit plays.

 

Not so much if you’re playing these big money line favorites though, those guys are given a lot more leeway and always end up crapping out anyway. Most books will gamble with you if you’re making those type of bets.

 

Like Monkey said, this guy was probably a huge table game player, and those guys can usually bet pretty much whatever they want.

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You can get down plenty in NFL at a few different places. Really tough market to beat long term though. But that's a higher than normal bet there. Probably a pit whale. Counter limits are typically $50k or $100k at MGM properties for NFL and one repop at half limit for sharp players. App limits are smaller.

 

 

$30K/10K/5K NFL limits at MGM Side/ML/Total generally.

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Why cant Rito Superstar who wins every bet but cant get down more then1k just pay these table game guy 1% to put down his million dollar plays?

I imagine it’s pretty easy to tell from his pattern of wagering that Rito isn’t someone you want to give anything much to. He’s also betting straight sides and totals, not some big ML favorites.

 

If a guy is a whale on tables/slots the casinos will do anything they can to keep them happy and playing. They know exactly what their theoretical hold is on that guy, if he wants to throw some big darts at some football games they will almost always accommodate him. Just the fact that he’s spending millions on a losing game percentage wise at the tables shows he’s not some super sharp guy.

 

There are also the guys who aren’t playing anything but sports, but have proven over time that they are a total square. Those guys can usually bet way higher than the limits also. Floyd is a good case in point, I was told Cantor holds about 13% of his handle, which shows why they let him bet anything he wants. They’d be stupid not to.

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I imagine it’s pretty easy to tell from his pattern of wagering that Rito isn’t someone you want to give anything much to. He’s also betting straight sides and totals, not some big ML favorites.

If a guy is a whale on tables/slots the casinos will do anything they can to keep them happy and playing. They know exactly what their theoretical hold is on that guy, if he wants to throw some big darts at some football games they will almost always accommodate him. Just the fact that he’s spending millions on a losing game percentage wise at the tables shows he’s not some super sharp guy.

There are also the guys who aren’t playing anything but sports, but have proven over time that they are a total square. Those guys can usually bet way higher than the limits also. Floyd is a good case in point, I was told Cantor holds about 13% of his handle, which shows why they let him bet anything he wants. They’d be stupid not to.

 

Very informative. Thx for sharing.

 

Let's send rito to pose as one of those types n then turn around and beat the system in the game wagers. I think that's what teddy was getting at.

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