Online Sports Betting Yields $27,000 Payout on $5 Bet
A Canadian sports bettor recently witnessed a $27,000 payout betting a mere $5. He did it at one of the world's leading online sports betting company, Sportingbet.com. It was done on a baseball accumulator bet.
Accumulator Bets are only now becoming popular in Canada. These are progressive wagers that allow a bettor to lay down a small amount of money on a series of bets, with the original stake plus winnings from one event placed as the stake on the next event.
In this case, the bettor placed a $5 wager on a total of 14 baseball wagers, including moneylines, runlines and over/unders. All 14 cashed.
The first bet was a moneyline wager on the Los Angeles Angels to beat the Oakland Athletics on the road. The Angels won as a +109 moneyline road dog.
Those winnings - the original stake plus profit - were then placed on the New York Mets to beat the Baltimore Orioles. The Mets won as +112 road underdogs.
That money was bet on a matchup between the Florida Marlins and Boston Red Sox, with the Red Sox cashing as -1.5 runline favorites at +115.
After nine more winning bets - which included five moneyline, three over/under and one runline wagers - the whole amount was placed on the final matchup: the Pittsburgh Pirates at the Minnesota Twins.
The Twins won as -133 moneyline favorites and the bettor suddenly found himself with nearly 28 thousand dollars in profit.
Top that off with the fact that Sportingbet.com offers its Canadian sports betting clientele a 20 percent signup bonus PLUS a $50 FREE bet, this is one happy man indeed.
Gambling911.com Staff
