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Colts’ collapse cost bettor $100K on 15-team parlay

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The Indianapolis Colts led the Philadelphia Eagles 17-6 at halftime on Monday night and were up 14 points midway through the first quarter, but they just couldn’t hang on. The Eagles came soaring back to grab a 30-27 victory. They pried $100,000 away from one bettor’s fingertips in the process.

Well, the guy didn’t lose $100K. He actually only bet $5, but all he needed was a Colts victory by three or more points to complete his 15-team parlay and pocket six figures.

“Honestly, we were rooting for the guy, starting with Sunday night’s game,” Delaware Lottery director Vernon Kirk told David Purdum of ESPN.com. “Our risk manager told us Sunday night that only one person had hit 13 games and needed the Bears and Colts.

“It definitely looked like Delaware had a winner when the Colts were up 14 midway through the third quarter. Then to have the Eagles rally like that — and to win in the last three seconds of the game — it was agonizing to watch when you knew one player was so close to such a big payout.”

I can’t even imagine how much that stings. Nobody expects to win a 15-team parlay when you place the wager, but when you get down to the final one or two games you definitely start seeing money signs. As ESPN noted, no one has hit a 15-team parlay with the Delaware Lottery — the largest legal sports betting operation in America outside of Nevada — since 2011. The odds of winning one are 32,000-1.

Alabama game ended in an incredible bad beat

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As expected, Alabama cruised to an easy victory over Florida Atlantic on Saturday. The Crimson Tide ended up winning 41-0 in a game that was shortened due to inclement weather. FAU had no problem calling the game early because they stood no chance of coming back, but anyone who bet on Alabama was left seeing red.

No, not the good kind.

The game was stopped because of lightning with 7:53 seconds remaining in the fourth quarter. If you bet on the game, you probably got Alabama laying somewhere between 40 or 41 points. Even if you had them at -41, the Tide were on the FAU 4-yard line at the time the weather arrived and were almost certainly going to score another touchdown and cover the spread. Too bad, because any game that doesn’t go at least 55 minutes is considered no contest.

In other words, all of the wagers were cancelled. Anyone who was brave enough to bet on FAU was probably dancing in their seat, but those who bet on Alabama got screwed. I suppose no action is better than some of the other bad beats we have shown you over the years, but what are the odds of a football game being called early due to weather? It almost never happens. If you bet on Bama, we feel your pain.

Guy misses out on $100,000 because he forgot to save his final bracket

Think you were having a bad day or week? I’m sure it was nothing compared to what Corey Johnson was going through.

Johnson, 28, picked one of the best brackets among all entrants on Yahoo! Sports. Even though nobody won the Perfect Bracket Challenge — no surprise — Yahoo! was still going to give away $100,000 to the top 20 brackets.

Entering Monday’s title game, Johnson was tied for fourth among all entrants. That’s impressive. He had 11 of the Sweet 16 teams, three Final Four teams and correctly predicted UConn and Kentucky would reach the title game.

Corey Johnson bracket

Prior to the game, Johnson said he had UConn winning it all but, because of some error, his pick didn’t save on Yahoo! That means he had one of the best brackets in the world, but a computer error kept him from winning $100,000.

Johnson joked to Deadspin that he would be watching the game “from a rope hanging from a tree” after his blunder, but we don’t think he should be so hard on himself. In fact, we think Yahoo! should make it up to him, especially since he correctly picked the title game before it was played.

I posted my brackets on LBS days before the NCAA Tournament began, so it was obvious I had completed my picks. But when I went to check the standings, I had a zero score. Yahoo! didn’t save my picks, possibly because I didn’t fill out the final score. It was a crappy and lame technicality, especially since I filled everything else out.

Yahoo! should apologize to the kid, who says he clicked UConn and hit save. Their system really was screwy this year.

And how hard is that going to be to get over? Ouch.

Pro Bowl ended with a bad beat for gamblers

Antonio-Cromartie-Pro-BowlThe only way that anyone could possibly have a rooting interest in the Pro Bowl is if you gambled on the game. Otherwise, it is known for being one of the most meaningless and boring sporting events of the calendar year. For those who did place a wager on Sunday night’s game, the ending was incredibly nerve-wracking.

Team Rice entered the game as a 1.5-point favorite over Team Sanders. The final score of the game was 22-21 in favor of Rice’s team, but should they have actually won by more?

With just seconds remaining, Baltimore Ravens kicker Justin Tucker attempted a 67-yard field goal that would have given Team Sanders the win. The kick came up short and Team Rice’s Antonio Cromartie fielded it in the end zone. Players and coaches began flooding the field after Tucker missed the kick, but Cromartie decided to weave through the crowd and return the kick the other way.

Technically, the ball was still live. Terrell Suggs chased after Cromartie but was unable to catch him before he reached the end zone. Cromartie’s field goal return should have given Team Rice another six points and been enough to cover the spread, but the score did not count for whatever reason.

As Shutdown Corner noted, 60 percent of the Pro Bowl gambling money was placed on Team Rice. Team Sanders wound up covering the spread after Cromartie’s touchdown was not acknowledged. A gambling controversy surrounding the Pro Bowl? Now we have seen it all.

Brent Musburger shouts out gamblers after Ohio State covers spread on miracle touchdown

Ohio State covered the spread against Northwestern on Saturday night in Evanston on a miracle touchdown on the last play of the game, making for one of the most memorable bad beats in sports betting history. And of course the most point spread savvy broadcaster in the business (save for Al Michaels), Brent Musburger, was there to call it all. Naturally, Musburger gave a shoutout to all the gamblers who won or lost on the fluke play.

Let’s set the scene for what took place.

Northwestern was down 34-30 and had the ball at their 8-yard line for a 3rd and 18 with five seconds left. They essentially had one last play to try scoring a touchdown to give them the win. They decided to run a hook and lateral play, but it was busted up by the Buckeyes and the ball ended up loose after a few attempted laterals. The Buckeyes dove for the ball in the end zone and recovered with no time left on the clock to give them a touchdown and a 40-30 victory.

Ohio State was favored by anywhere from 6-7 points at most books, so the last-second defensive touchdown gave them the cover.

“And you know what? There are some folks who are celebrating and others who are saying ‘you’ve got to be kidding me,'” Musburger said immediately.

“There are some numbers crunchers … oh ho ho,” Musburger said with a laugh.

“Oh my goodness. Oh my goodness,” he said in disbelief.

Kirk Herbstreit knew what Musburger was talking about, but he avoided the subject. Brent was all over it.

According to RJ Bell of Pregame.com, 80 percent of bets were on Ohio State for the game, so that touchdown turned a ton of losers into winners. If you’re an LBS fan, hopefully you were on the winning side.

And if you liked that video, you’ll love this one from Al Michaels two years ago.

[Read more...]

USC fails to cover after giving up late touchdown to Hawaii

lane-kiffinUSC got its 2013 season off to a good start with a win over Hawaii on Thursday night, but they left some gamblers unhappy. A lot of money went on the Trojans to cover a spread that was anywhere in the range of 22 to 24 points and they failed to do so. Was covering on Lane Kiffin’s mind?

USC led 23-5 with a minute left and was still trying to score a touchdown. Rather than burn out the remainder of the clock, the Trojans seemed adamant about adding to their 18-point lead. There has been some speculation that they were attempting to cover the spread for any alumni who bet on them, and it appeared they were going to do just that when they scored on a Justin Davis run with 42 seconds left in the game.

The late touchdown gave USC a 30-5 lead. However, the Trojans’ defense failed to do its part and allowed Hawaii to score on a 60-yard touchdown pass on the ensuing possession with 30 seconds remaining. Final score: USC 30, Hawaii 13.

And with that, we already have our first bad beat of the college football season. We have featured plenty of unlucky gambling losses in the past and will have many more in the future. Buckle up.

Duke disaster leads to Cincinnati covering spread in all-time bad beat

kick-nutsWe here at LBS don’t pretend like any of you were actually watching the BELK BOWL — whatever the hell that is — because you actually care about Duke or Cincinnati football. We know the real reason anyone watched the game was for the same reason — they had something riding on it. And those who had a little dough on Duke had to endure one of the worst bad beats of the football season.

As far as covers went, Duke was a lock. Not only did they start off the game up 16-0, but the game was tied at 34 with 1:32 left. Duke was getting either 9 or 9.5 points in most sportsbooks when the line closed. They were a lock. Game over, Duke covers.

That was until some incredibly bad luck struck.

Duke was driving and had the ball second-and-goal at the Cincinnati five. Not only were they going to cover, but they were about to win the game outright. That’s when Duke running back Josh Snead lost a fumble to give Cincinnati the ball at the six. Four plays later, Cincinnati threw an 83-yard touchdown pass to make it 41-34.

Even though Duke was suddenly trailing, at least they were still covering. Not so fast, my friends!

Duke completed a pass and got a penalty, so they had the ball at the Cincinnati 40 following the touchdown. They still had a shot to tie the game. That’s when Cincinnati’s defense clobbered quarterback Sean Renfree, whose pass was intercepted and returned for a touchdown.

Duke went from driving for the win to losing 48-34 in one minute and 18 seconds. That, my friends, is an all-time bad beat.