Rovell: Bettor Places $85K Wager on Tiger to Win Masters, Would Pay Out $1.19 Million
Rob Schumacher-USA TODAY Sports. Pictured: Tiger Woods
- A bettor at William Hill placed an $85,000 bet on Tiger Woods to win the Masters at 14-1.
- If Woods wins, the bettor will take home $1.19 million. The sportsbook moved Tiger from 14-1 to 10-1 after taking the wager.
- Darren Rovell spoke to Nick Bogdanovich at William Hill about the bet and how it affected the market.
William Hill said it took a $85,000 bet on Tuesday on Tiger Woods to win the Masters in one of its sportsbooks in southern Nevada.
At 14-1, the bettor stands to win $1.19 million if Woods won his 15th major and his fifth green jacket.
As such, the amount represents the largest single-liability on a golf bet for the operator’s U.S. division.
“When we were approached with this bet, it was above my pay grade, so I had to go to my boss,” said Nick Bogdanovich, director of trading for William Hill, told The Action Network. “Because we have such a large Masters pool this year, we decided to take it.”
Bogdanovich said Woods now makes up roughly 25% of all the money the sportsbook has taken at its 100-plus establishments, with Rory McIlroy second at around 7%.
The book adjusted Tiger down from 14-1 to 10-1 after taking the wager.
“The public is really liking betting on golf right now,” Bogdanovich said. “If Tiger wins will obviously get toasted.”
Despite Tiger not winning a major since the 2008 U.S. Open, the 43-year-old is now tied with Dustin Johnson with the second-shortest odds to win it all. Rory is the favorite at 7-1, followed DJ and Tiger at 10-1, and Justin Rose (13-1).
The potential payout of $1.19 million is $20,000 more than Masters runner-up Rickie Fowler made from his success at Augusta National last year.