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.
The bettor @WilliamHillUS who put $85,000 on Tiger Woods to win the #Masters2019 won $1,190,000. Per Nick Bogdanovich, William Hill's Director of Trading: “It’s great to see Tiger back. It’s a painful day for William Hill – our biggest golf loss ever – but a great day for golf.”
— RotoGrinders Sports Betting (@RGSportsBetting) April 14, 2019
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.