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Bettor Won More Than $1 Million Thanks To Tiger Woods’ Masters Win

17 April 2019

Tiger Woods's first victory at the Masters in 14 years was a ratings bonanza for CBS, even with a weather-adjusted morning start time. "When I said how much I was looking to bet, it just kind of was laughable".

But one fan watching on no doubt celebrated a fair bit more jubilantly than the rest. Their big loss stemmed from a $10,000 bet they took in February on Woods to win at 12:1 odds.

The player with the lowest stroke total including starting strokes in the TOUR Championship after 72 holes of competition will be named victor of the FedExCup and will be awarded an official PGA TOUR victory.

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Joe Asher, CEO of William Hill US, authorized the bet after getting a call from the sportsbook.

As the years ticked by from 2008 and an injury-riddled Woods got stuck for more than a decade on 14 major titles, four short of Nicklaus's record, the "Golden Bear" kept saying he still thought his mark was in jeopardy.

Sportsbook operator William Hill US says the bettor's win is the largest golf payout in the company's history. The first three all came when the Philadelphia Eagles beat the New England Patriots in Super Bowl LII past year.

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"It's a painful day for William Hill - our biggest golf loss ever - but a great day for golf". A New Jersey outlet of BetStars took a net loss of about $360,000 on its Masters futures market, the biggest for the company since sports betting was legalized in the state previous year. One pessimistic gambler bet $20,000 on "no" at -100,000 odds, meaning he will win just $20 if Woods fails to win the PGA Championship, the U.S. Open, and the Open Championship later this year.

"I thought he had a chance to be competitive", Westgate's Jay Sherman said of Woods, "but I'm a little surprised by him winning, especially with the competition he faced".

Closer to home, ESPN reports that BetStars' sportsbook in New Jersey got hit for an approximate $360,000 loss on the futures market due to the tournament win.

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Bettor Won More Than $1 Million Thanks To Tiger Woods’ Masters Win