Being afraid of money doesn't make you money, and it cost ESPN BET money.
It looked like an attempt by ESPN BET to even the books as big action took place against the Texans and Bills, but the PENN National-operated sportsbook is offering customers a huge boost for almost no limit. decided to do so.
On Saturday, they pushed the Ravens from -9.5 (-110) to +110 with a cap hit of $1.19 million.
This is an unprecedented number for a boosted line against the spread, giving bettors a nearly 6% advantage compared to other books.
ESPN BET was probably uncomfortable with the amount of responsibility it had for the Houston Texans, who sit somewhere between +300 and +370 on the money line heading into Saturday's divisional round matchup.
The cause of the alleged violent behavior remains unclear as ESPN BET declined to comment.
Some wondered if whale bettor Mattress Mack played a role in the boost, but ESPN's Dave Purdum said: Reported via X The notorious gambler was not betting on ESPN BET.
his $500,000 Texans Action Featured on Caesars Sportsbook.
Still, the results of the boost were disastrous, as the Ravens easily covered that spread with a 34-10 victory.
The same was true on Sunday when ESPN BET doubled, increasing the Chiefs' money line from +130 to +150 as well.
The Chiefs also won outright and cashed out both odds boosts to bettors, with ESPN BET paying out a huge amount of money for that extravagant boost.
The unconventional technique of boosting the other side of debt seems like a good idea, but bettors jumped at the opportunity to make money.
Sportsbooks typically set boost limits between $10 and $100, which vary from customer to customer. Many bettors still reported large bets on Chiefs +150 in Boost.
FanDuel Sportsbook has the Chiefs at +124 to start the week, while ESPN BET pushes the Chiefs to +150, a 4.64% difference between those lines.
Moreover, thanks to some clever footwork involving a third party, bettors were able to make this attempt risk-free.
Exchange betting platforms Prophet Exchange and Sporttrade immediately began instructing customers to bet on the Chiefs +150 on ESPN BET and then hedge against the Bills -140 on their platforms.
Bettor @Hitman428, shown above, bet $15,000 on the Chiefs +150 at boosted odds.
From there, all he has to do is bet $21,000 (Bills ML -140) on Prophet Exchange to cover a 15,000 bet on Chiefs +150.
Now he can't lose and the +150 Chiefs just locked him in for a $1,500 profit paid by ESPN BET.
And this scale became even more important when looking at the Texans vs. Ravens, as ESPN BET showed a much higher limit for the Ravens -9.5 +110.
“We can't just walk away from a $25,000 to $50,000 bet on the Texans right now.” Jake Benzaquen, co-founder of Prophet Exchange, said before Saturday's game.according to Vegas Insider.
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Prophet Exchange told the Post that as a direct result of ESPN BET's odds boost, two $50,000 bets were placed on the Texans +9.5 platform and the full $100,000 was matched on the other side to complete the hedge. He said that the profit has been confirmed.
SportsTrade CEO Alex Cain told the Post that one bettor hedged the Ravens -9.5 (+110) and bought the Texans +9.5 at +100 worth $40,000. Ta.
If this bettor placed $40,000 down on the Ravens -9.5 on ESPN BET and hedged it with the Texans -9.5 (+100), he would have made a risk-free profit of $4,400.
“This was the biggest doubles game in the history of the company,” Cain told the Post. “Saturday was our largest volume day ever by a margin of about 15%.”
Prophet Exchange reported similar seven-figure volumes as bettors sought to hedge the significantly increased volume on ESPN BET.
The Super Bowl is usually the biggest sports betting day of the year.
But thanks to ESPN BET, lightning has struck the betting exchange and customers have been handed huge sums of cash.
