Sports betting has been around for centuries, with people placing wagers on everything from horse racing to football. Over the years, some of these bets have grown to become some of the biggest ever placed, with millions of dollars changing hands in a single wager. In this article, we'll take a closer look at some of the biggest sports bets ever made, and the incredible stories behind them.
Betting on the biggest wins
Sports betting is a popular pastime for many people, with the thrill of the win drawing in millions of fans every year. While most bets are relatively small, there have been some huge wins in the past, with bettors taking home millions of dollars on a single wager. In this article, we'll explore some of the biggest sports bets ever placed, and the incredible stories behind them.
The Biggest Sports Bets Ever Made
- The $5.6 Million Super Bowl Bet
- The $3.5 Million Kentucky Derby Bet
- The $1.5 Million World Series Bet
- The $1.1 Million Golf Bet
- The $1 Million Mayweather vs. Pacquiao Bet
- The $777,000 NBA Finals Bet
- The $600,000 NFL Super Bowl Bet
- The $550,000 Australian Open Bet
- The $480,000 Champions League Bet
- The $450,000 Wimbledon Bet
- The $350,000 Monaco Grand Prix Bet
- The $300,000 MLB World Series Bet
- The $250,000 NHL Stanley Cup Bet
- The $200,000 English Premier League Bet
The stories behind the biggest bets
The $5.6 million Super bowl bet
In 2017, a mystery bettor placed a $5.6 million wager on the New England Patriots to win the Super Bowl against the Atlanta Falcons. The bettor not only won the bet, but also made history by placing the largest ever single bet on a sports event. The Patriots' historic comeback in the second half of the game led to a huge payout for the bettor.
The $3.5 million Kentucky derby bet
In 2005, a professional gambler named James "Mattress Mack" McIngvale placed a $3.5 million bet on a horse named Giacomo to win the Kentucky Derby. The longshot horse ended up winning the race, leading to a massive payout of $1.2 million for McIngvale.
The $1.5 million World series bet
In 2016, a gambler known only as "Vegas Dave" placed a $1.5 million bet on the Chicago Cubs to win the World Series. The Cubs had not won a World Series in over 100 years, but managed to make a historic comeback and win the championship. Vegas Dave's bet paid out a massive $2.5 million.
The $1.1 million golf bet
In 2019, a professional golfer named Tiger Woods made a historic comeback by winning his fifth Masters Tournament. Prior to the tournament, a bettor placed a $85,000 wager on Woods to win at 14-to-1 odds. After Woods won, the bettor cashed out with a massive payout of $1.19 million.
The $1 million world cup bet
In 2014, a bettor from Sweden placed a $1 million wager on Germany to win the FIFA World Cup. The bettor had a good reason to be confident, as Germany had a strong team and had previously won the World Cup three times. The bet paid off, and the bettor received a payout of $1.8 million.
The $777,000 Kentucky derby bet
In 2019, a bettor placed a $4,000 wager on a horse named Country House to win the Kentucky Derby. Country House was a longshot with 65-to-1 odds, but managed to win the race after another horse was disqualified. The bettor won a massive payout of $1.2 million, making it one of the biggest wins in Kentucky Derby history.
The $620,000 Leicester city bet
In 2015, a bettor from the UK placed a £50 bet on Leicester City to win the English Premier League. The team had 5,000-to-1 odds of winning, making it an unlikely outcome. However, Leicester City managed to defy the odds and win the league, leading to a huge payout of £250,000 (around $620,000). The bettor later revealed that he had placed the bet as a joke, never expecting to actually win.
The $480,000 Mayweather-McGregor Bet In 2017
A bettor placed a $400,000 wager on Floyd Mayweather to defeat Conor McGregor in a highly anticipated boxing match. The bettor was confident in Mayweather's skills and his undefeated record. The bet paid off, and the bettor won a payout of $480,000.
The $356,000 Wimbledon Bet In 2017
A bettor placed a £200,000 wager on Roger Federer to win Wimbledon. Federer had previously won the tournament seven times, and the bettor was confident in his chances. Federer went on to win the tournament, leading to a massive payout of £356,000 (around $471,000).
The $333,000 Super Bowl bet in 2015
A bettor placed a $500 wager on the Seattle Seahawks to score the first touchdown in the Super Bowl. The bet had 66-to-1 odds, but the Seahawks managed to score the first touchdown of the game. The bettor won a payout of $33,000, but then made an even bigger bet of $323,000 on the Seahawks to win the Super Bowl. The bet paid off, and the bettor won a total of $356,000.
The $240,000 English Premier League bet In 2016
A bettor from Leicester placed a £50 wager on his hometown team, Leicester City, to win the English Premier League. The team had 5,000-to-1 odds of winning, and the bettor was the only person to place a bet on them at the beginning of the season. Leicester City went on to win the league, leading to a massive payout of £240,000 (around $318,000).
The $100,000 Masters Bet In 2019
A bettor placed a $85,000 wager on golfer Tiger Woods to win the Masters Tournament. The bet had 14-to-1 odds, and Woods had not won a major tournament in over a decade. However, Woods managed to make a historic comeback and win the tournament, leading to a massive payout of $1.19 million for the bettor.
The risks and rewards of big sports bets
While the potential rewards of big sports bets can be huge, there are also significant risks involved. Many of the bets on this list were high risk, with the bettor putting down large sums of money on a single outcome. However, for those who are willing to take the risk, the rewards can be significant, with some bettors taking home millions of dollars on a single wager.
Betting big for the ultimate reward
Sports betting is a popular pastime for many people, with the thrill of the win drawing in millions of fans every year. While most bets are relatively small, there have been some huge wins in the past, with bettors taking home millions of dollars on a single wager. Whether you're a seasoned bettor or a newcomer to the world of sports betting, the stories behind these bets serve as a reminder of the risks and rewards of betting big.
Q: How do you know if a sports bet is a good bet?
A: A good sports bet is one that has a positive expected value (EV). This means that the bet has a greater chance of winning than the odds suggest, and the potential payout is worth the risk. To determine if a sports bet is a good bet, you need to consider a variety of factors, such as the teams or athletes involved, their recent performance, injuries, weather conditions, and more.
Q: Can you make a living from sports betting?
A: It is possible to make a living from sports betting, but it is not easy. Successful sports bettors need to have a deep understanding of the sports they are betting on, as well as a sound strategy and discipline. They also need to manage their bankroll effectively and avoid chasing losses. While some professional sports bettors do make a living from their bets, the vast majority of people who try to make a living from sports betting are unsuccessful.
Q: Is sports betting legal?
A: The legality of sports betting varies depending on where you live. In some countries, sports betting is fully legal and regulated, while in others it is illegal or only partially legal. In the United States, for example, the Supreme Court struck down a federal ban on sports betting in 2018, which means that individual states can now legalize and regulate sports betting if they choose to do so.
Q: What is the best way to bet on sports?
A: The best way to bet on sports depends on your personal preferences and style. Some people prefer to bet on a single sport or team, while others enjoy betting on a variety of sports and events. It is important to have a sound strategy and to manage your bankroll effectively, regardless of which approach you take. Additionally, it can be helpful to stay up-to-date with the latest news and trends in the sports world, as well as to use data and statistics to inform your bets.
See more: Arbitrage betting explained