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SportA bettor turned $30,000 into a $600,000 payday after the riskiest Ravens bet

19:46  09 september  2019
19:46  09 september  2019 Source:   ftw.usatoday.com

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It seemed obvious to just about everybody that the tanking Miami Dolphins were going to lose to the Baltimore Ravens . It even seemed obvious that the visiting Ravens with Lamar Jackson at the helm would cover a 7-point spread.

In an expanding sports betting market, PointsBet offers a different, riskier style of betting against the spread. Here is how. 1, a VIP client for PointsBet deposited $ 600 , 000 up front and placed a $ 30 , 000 spread bet on the Ravens -6. The bettor chose a maximum win/loss of 20 times his original stake.

It seemed obvious to just about everybody that the tanking Miami Dolphins were going to lose to the Baltimore Ravens.

A bettor turned $30,000 into a $600,000 payday after the riskiest Ravens bet© Associated Press Associated Press

It even seemed obvious that the visiting Ravens with Lamar Jackson at the helm would cover a 7-point spread. But that brings us to a question: How much would you be willing to bet that the Ravens would cover AND would blow that spread out of the water?

We have an answer of sorts. Per Action Network, a bettor took $30,000 and put down on the Ravens at PointsBet. But there was a catch: That gambler used a specific product called "Points Betting":

The way Points Betting works is once the spread is covered, a bettor makes 1x the wager per point away from the spread. … The max win/loss for this particular wager was set at $600,000. So if the Ravens won by 26 or more, the bettor would win $600,000. Similarly, if the Ravens lost by 26 or more, the bettor would LOSE $600,000.

Bettor wagers $50 on Alabama over Duke only to win ... 30 cents?

Bettor wagers $50 on Alabama over Duke only to win ... 30 cents? Someone put down a $50 wager on Alabama to beat Duke Saturday at Caesar’s Palace in Las Vegas, and the return on that investment is hilarious. © John David Mercer-USA TODAY SportsRELATED: Saban nearly runs over cameraman Alabama’s moneyline to win at home against the Blue Devils is an absurd -16000, meaning this bettor will only bring home 30 cents if the Crimson Tide do, in fact, win. Someone just bet $50 on Alabama ML (-16000) to win…30 cents (via @CaesarsPalace) pic.twitter.com/BynBlkiZY2— B/R Betting (@br_betting) August 31, 2019 Maybe this person really, really needed that extra 30 cents.

NFL gambler brilliantly bet K on the Patriots and Cowboys to win : A bettor turned $ 30 , 000 into Bettor at a Caesars book placed a two-team money-line parlay Wednesday night. , 000 to win NFL picks against the spread, Week 3: Will the Ravens beat the Chiefs? The Scouting Report on

FanDuel's decision to pay out bettors who took Alabama in the College Football Playoff National Championship before the game began backfired big time.

It's super risky - if you had, say, bet with that product on the Cleveland Browns on Sunday, you would have lost A LOT of money since they were a minus-5.5 favorite against the Tennessee Titans and lost 43-13.

But this bettor could see what was shaping up. And now he or she is $600,000 richer because the the Ravens won 59-10.

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