1 wild NFL parlay cost FanDuel $20 million in Week 2
Not all bets are created equal. Some have long-shot odds that will never pay out. And some will cost a sports betting giant like FanDuel a cool $20 million.
FanDuel promoted a +20000 field goal parlay last weekend. For the 200-to-1 parlay to pay out, all 24 teams playing on Sunday afternoon of Week 2 had to convert on at least one field goal. Perhaps as a collective yet unintentional thank you to their fan bases, every single team that was part of the wager kicked one through the uprights.
FanDuel posted on X that they had to pay out over $20 million to those who capitalized on the long-shot ticket paying off.
KICKERS FOR THE WIN! 🤑
Every NFL team made at least 1 FG during the afternoon slates of Week 2…
Finance team just called: we're paying out more than $20 MILLION to FanDuel customers who locked in this bet! 😳 pic.twitter.com/ZBOMGe8bYq
— FanDuel Sportsbook (@FDSportsbook) September 18, 2023
In the least surprising move following the payouts, FanDuel has since lowered the odds to less than half of its previous value as of Friday night.
— Brandon DuBreuil (@CoversBDB) September 23, 2023
NFL teams usually convert at least one field goal during a game. Over the past 10 seasons, they’ve done so nearly 82% of the time. While that’s a high probability for one team to score a field goal or even two in the same game, 24 teams is a different story. ESPN Stats and Information listed the likelihood at a minuscule 0.84%.
FanDuel’s betting odds offered a payout better than the actual probability, but it was still a complete long shot to hit.