Thursday, November 14, 2024
spot_img

Las Vegas Grand Prix drives record betting at BetMGM

Date:

Share post:

spot_img
spot_img

LAS VEGAS, Nov 21: The Las Vegas Grand Prix, which Max Verstappen won Saturday night, blew past BetMGM betting handles for previous Formula One races.
Trading manager Seamus Magee said BetMGM took three times the number of bets than any other previous F1 race.
Westgate Las Vegas and Red Rock Resort reported on Saturday this race was the most-bet Formula One event at those sportsbooks.
Formula One’s most expensive and hyped race that included the lure of drivers competing on the famed Las Vegas Strip drove the betting action.
Verstappen, who has won three series championships in a row, took the lead with 13 laps left to win for an 18th time this season.
One BetMGM bettor wagered $200,000 at minus-200 to win $100,000 when Verstappen cruised past the start/finish line. He opened at minus-350 at that sportsbook, and the number moved down throughout the week before finally reaching minus-185.
Rather than try to find value, many bettors went for the near sure payoff with 28.7% of money going to Verstappen, the most in the 20-driver field. However, he was third in ticket percentage at 10.5 behind Charles Leclerc (12.0) and Lewis Hamilton (11.9). (AP)

spot_img
spot_img

Related articles

Resolve NEHU crisis by Nov 20: HC to Centre

By Our Reporter SHILLONG, Nov 13: The High Court of Meghalaya on Wednesday decided to give time to the...

Gambegre registers 90.84% turnout

Our Bureau GAMBEGRE/SHILLONG, Nov 13: Residents of Gambegre voted in overwhelming numbers to elect their next MLA with voters...

KHADC agrees to amend delimitation rules after protesters block highway

By Our Reporter SHILLONG, Nov 13: Utter chaos prevailed on the arterial GS Road at Garikhana on Wednesday as...

NEHUTA to start non-cooperation movement against VC

By Our Reporter SHILLONG, Nov 13: The NEHU Teachers’ Association has launched a non-cooperation movement against Vice Chancellor Prabha...