Online Sports Betting Yields $27,000 Payout on $5 Bet

Written by:
Guest
Published on:
Jun/23/2009
online sports betting

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

Gambling News

How to Choose the Best Sportsbook Software Development Company?

 

The iGaming market has grown explosively within the last ten years. Over the years, the iGaming industry slowly reached all over the world. With this background, the demand for creative and top-notch iGaming applications has increased. Companies want to be on this market. It's quite profitable. They are constantly seeking the greatest iGaming tools. They must have them to organize their business.

Sheriff Arrested as Part of Gambling Probe

A sheriff in central Florida was arrested Thursday on charges of racketeering and conspiracy as part of what state authorities described as a probe into a massive gambling operation.

Syndicate