Vegas Bettor Guarantees $8.1M Super Bowl Profit
A Las Vegas bettor executed a sophisticated hedging strategy to secure a multi-million dollar profit from Super Bowl 60, ensuring a winning outcome regardless of whether the Seattle Seahawks or New England Patriots triumphed. The gambler’s preseason futures bets on the Seahawks were protected by large money-line wagers on the Patriots, locking in a guaranteed return.
Masterful Hedge Strategy
Before the season, the bettor placed at least seven $50,000 futures bets on the Seattle Seahawks at long odds, covering the team to make the playoffs, win the NFC West, win the NFC Championship, and win the Super Bowl. By the time of the Super Bowl, the first three legs had already hit, setting up a potential $10.5 million payout.
| Bettor’s Strategy | Details |
|---|---|
| Preseason Futures (Seahawks) | Multiple $50,000 bets at odds up to 75-1 |
| Super Bowl Hedge (Patriots) | $1.8+ million on the money line |
| Guaranteed Profit (Seahawks win) | $8.1 million |
| $6.6 million |
Executing the Guaranteed Win
To lock in the profit, the bettor placed over $1.8 million in hedge bets on the New England Patriots to win the game outright. Major sportsbooks confirmed the strategy.
Key Wager Breakdown
- At Circa Sports: $1.1 million on Patriots (+188) for a potential $2.1 million win.
- At BetMGM: $725,000 on Patriots (+195) for a potential $1.41 million win, adding to earlier Seahawks winnings.
Mike Palm of Circa stated the bettor had “locked it up,” while Lamarr Mitchell of MGM Resorts confirmed, “He’s a winner either way.” The Seahawks’ 29-13 victory secured the bettor the maximum $8.1 million profit from the elaborate plan.
