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Originally written on Larry Brown Sports  |  Last updated 10/23/12

Everyone loves an underdog, but sometimes it pays to play the favorites. A gambler who places wagers through BetOnline.ag was apparently feeling lucky last week, but in a way he could make the argument that he was simply playing the odds. According to Beyond the Bets, this risk-taker decided to place $100 on a 23-team football parlay with a potential payout of $25,772. He won. Anyone who gambles on sports can tell you how difficult it is to win a parlay. Whether it be two teams or 10 teams, there’s a reason the payouts are so large. However, this gambler apparently decided that there’s also a reason certain teams are favored in Las Vegas. He included 21 college football favorites, one NFL favorite and one college football underdog in his wager. The lone underdog was Kansas State on the road against West Virginia, where the Wildcats pulled off an upset and destroyed the Mountaineers by a score of 55-14. The only NFL team included was the 49ers, who the mystery bettor apparently felt confident in at home against the Seahawks. The list of the other 21 NCAA favorites can be seen here. The favorites are favored for a reason, and one person is now more than $25,000 wealthier because of it. That being said, the people who have hit it big with all the crazy sports bets we’ve featured over the years here at LBS are tough to come by. That certainly isn’t a coincidence. H/T The Big Lead

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9 Comments:
  • PARLAY MEANS YOU BET ALL THE MONEY YOU WON ON THE 1ST BET ON THE 2ND BET AND SO AND SO ON, THIS GUY WOULD HAVE MADE 25 THOU BY HIS 11TH BET, IF YOU BSAY HE PLARLAYED IT 25 TIMES MAN HE GOT SCREWED
  • Unless he took heavy favorites and took the money line just to win on each pick. A six teamer against the spread in some casinos pays 52 - 1
  • But against the spread u bet 110 to win 100 but on some money lines u might bet 200 to 100
  • Shhhh! > GOD < told him the winning teams to bet!
  • At O'Shea's casino in LV, they offered a 20-team parlay for a cool $1 mil, but they closed a couple of months ago.
  • This is ridiculous. I win multi-team parlays all the time. The max my site allows is 12 and I can tell you that a 12-team parlay would pay at least $200k for a $100 bet. If I extrapolate the payoff odds to a 23-team parlay, the payout would be in the neighborhood of the hunderds of millions for a $100 bet. The odds of winning a 23 team parlay are about 4 million to 1. He got majorly ripped off. Sad.
  • Just to explain this poorly written story from the perspective of a professional gambler - the person in question obviously bet all 23 teams on the MONEY LINE and wasn't taking them at -110. Instead he simply bet on them to win (not ATS) and so in many cases the odds would have been more like -900. That's why the payout was so low.
  • Sounds great but he will probably lose it all next week just like every other person that gambles on sports. And where is it legal to bet on sports online in the United States?
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