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Saturday, September 21, 2019

Tiger Woods’ win at Masters leads to worst golf loss ever for sportsbook

There were plenty of people who thought Tiger Woods would never win another major championship, but the 43-year-old had no shortage of confident supporters heading into the Masters this year. For evidence of that, all you have to do is follow the money.

Nick Bogdanovich, the director of trading at the William Hill US, said after Tiger won the Masters that Sunday was the “biggest golf loss ever” for the sportsbook. One bettor won $1.19 million after betting $85,000 on Woods, and there were plenty of others who took home bundles of cash.

At 14-to-1, Woods was tied for the third-best odds to win the Masters before the tournament began. Rory McIlroy was the favorite at 8-to-1, and Dustin Johnson was slightly better than Tiger at 13-to-1. Barring an injury or some unforeseen circumstance, that is not going to happen again.

Based on what Johnson and others said about the support Tiger got at Augusta National, it’s no surprise he had plenty of financial backers as well.



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