What Are Some Of The Biggest Bets On NFL Matches?
More than $125 billion in wagers have been placed on American sporting events since the Supreme Court’s decision to legalize the industry in 2018. In 2021, $52.7 billion will be wagered on sporting events. This number has been steadily rising ever since, with 45.2 million Americans betting on the NFL’s 2021–22 season, making it the single most popular sport on which the country placed bets. That’s a 36 percent increase over the 2020-21 season.
There are no signs of a let-up in the NFL betting craze, with some estimating that $7.61 billion will be wagered only on Super Bowl LVII. Not surprisingly, given these staggering amounts, the NFL is a popular betting destination for affluent individuals. Keep in mind that the unbelievable wagers we’ll be discussing below are the exception rather than the rule, with most gamblers saving their biggest bets for online casinos.
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Let’s take a look at the five most impressive bets to be placed on America’s all-time favorite sport.
Unnamed Bettor Places $700,000 On The Patriots
One unnamed gambler proved that not all huge wagers are placed in the postseason by staking $700,000 on the New England Patriots winning against the Buffalo Bills in December 2020.
They bet $500,000 that the Patriots would beat the Bills by seven points and another $200,000 on the Patriots to win outright at +270 odds.
Even though both Cam Newton and Jarrett Stidham completed nine passes for a total of 78 yards, the Patriots were not able to win this regular-season game. After the Bills scored 21 unanswered points in the second quarter, they went on to win 38-9, turning a potential profit of over $1,000,000 into a deficit of $700,000.
Optimist Places $200,000 On The Chiefs
At one point in the AFC Championship Game between the Kansas City Chiefs and the Cincinnati Bengals in ’21–22, the Chiefs led the Bengals 21-3 and seemed to be cruising toward a third consecutive trip to the Super Bowl. One gambler had such faith in the Chiefs that they wagered $200,000 throughout the game on their winning. At the time, the bettor’s maximum potential payout was only $10,000 due to the very short odds.
Sadly for our anonymous optimist, the Bengals rallied, prevailing in overtime to go to the Super Bowl for the first time since 1989 and proving once and for all that nothing is ever certain in the NFL.
Furniture Tycoon Bets $5 Million On The Bengals
A Texas entrepreneur named Jim McIngvale put a $5 million wager on the Cincinnati Bengals to win Super Bowl LVI via Caesars Sportsbook, proving the point that the greatest bets are placed on the greatest events.
The millionaire had already staked an incredible $4.5 million on the Bengals, bringing his tally to an unbelievable $9.5 million, making this wager even more incredible. Having wagered when the Bengals were +170 underdogs, he had a chance at earning $16.2 million in wins.
He lost all $9.5 million after the Rams defeated the Bengals with a mere 1:25 to go on a touchdown by Cooper Kupp.
Mattress Mack Bets Make News Again With $3.46 Million On The Buccaneers
This wasn’t the first time Jim McIngvale, aka Mattress Mack, made the news with his sizeable bets. On the Super Bowl from the year before, which pitted the reigning champion Kansas City Chiefs against the Tampa Bay Buccaneers, he bet on the latter to win.
As a result of the Buccaneers’ lopsided victory, he collected $2.75 million on his $3.46 million wager. Mack made a brilliant publicity stunt by promising to reimburse anyone who spent more than $3,000 at his businesses should his favorite team win.
The Buccaneers Were Popular With Another $2.3 Million Bet
Mack’s bet wasn’t the only newsworthy wager to be placed on the Chiefs versus Buccaneers game, however. Another bettor placed a huge $2.3 million bet through BetMGM on the Buccaneers.
BetMGM’s Vice President of Trading, Jason Scott, was pleased at the time of the wager’s placement since the company had already written many very large wagers on Kansas City and the public was undoubtedly rooting for Andy Reid and Patrick Mahomes. This significant wager on the Buccaneers benefited their sportsbook since it evened out the odds.
The unnamed Nevada bettor, who won $2 million on the Buccaneers’ dominating victory, was also likely quite pleased.
We can now look forward to more and more amazing wagers like this, whether on famous sports like the NFL or in online casinos since everyone enjoys a good underdog narrative and is fascinated by a huge loss by the favorites.