Bettor at PointsBet Wins $750 on 50 Cent Bet After Georgia Clobbers TCU
Photo by Steph Chambers/Getty Images.
The sharps won big during Georgia's 65-7 thrashing over TCU in the College Football National Championship on Monday night.
The spread closed at Georgia -13.5 with the public siding on TCU but the pro money landing on the Bulldogs.
Besides the bets on Georgia's spread, there were some ridiculously sharp bets elsewhere.
One of them was a bettor at PointsBet who cashed his max of $750 on a .50 cent bet.
A bettor at @PointsBetUSA bet 50 cents on the win margin squared hitting the over of 332 points.
Georgia won by 58. So 58x58 = 3,364. Subtract 332 = $3,032.
Bettor set a max win/loss at $750, so only won 1,500 times his money. pic.twitter.com/csTrMVTHJQ
— Darren Rovell (@darrenrovell) January 10, 2023
If you are not a math wiz, bear with us here.
The bettor placed 50 cents on the winning margin squared going over 332.
At PointsBet, they take bets where the payout can grow based on margin of victory and vice versa. This is why the bettor set his win/loss maximum at $750.
Georgia ended up winning by 58. So if you multiply 58 by 58, it equals 3,364. Subtract that by 3,032, and it went 332 points over the total.
On a 50-cent bet, the payout of 1,500 times the original bet was $750.
That bettor was one of the happiest souls in the country watching Georgia score touchdown after touchdown.
PointsBet, which is self-explanatory by the name, was initially founded as a points betting company. The initial marketing plan was to target the new way of betting on sports. It depended on payouts that would vary based on margin of victory or loss against the spread.
Over the years, it has become more of a traditional sports betting company, but there are still people that have found a way to take advantage of the points betting system.