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Bettor places $5,000 bet on New York Jets to win Super Bowl LVII


Bronx
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5 hours ago, Bronx said:

 

https://jetsxfactor.com/2022/02/01/bettor-places-5k-bet-ny-jets-super-bowl/

Seemingly inspired by the upstart Cincinnati Bengals, someone has placed an enormous bet on the New York Jets to win Super Bowl LVII.

One bettor is dangerously confident in the New York Jets
According to oddsmakers at Caesars Sportsbook, the New York Jets are among the National Football League’s biggest longshots to win Super Bowl LVII.

The Jets open up with +20000 odds at Caesars Sportsbook to win the 2023 Super Bowl in Arizona. They are tied for the worst odds in the NFL with the Houston Texans and the Detroit Lions.

New York’s division-rival Buffalo Bills opened with the second-best odds at +700 behind only the Kansas City Chiefs at +650. The New England Patriots are +2200, while the Miami Dolphins are +4000 to win it all next season.

 

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5 hours ago, UntouchableCrew said:

+20000 means you bet 100 to win $20k.

At those odds you bet 10 to win $2k.

I was wondering the same thing. Thanks for clarifying.

Let’s say the Jets get off to a hot start snd their odds come to +10,000, is there a way this person can take the opposite side of that bet? Always wondered if you can hedge your bets. 

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19 minutes ago, GreenFish said:

I was wondering the same thing. Thanks for clarifying.

Let’s say the Jets get off to a hot start snd their odds come to +10,000, is there a way this person can take the opposite side of that bet? Always wondered if you can hedge your bets. 

I'm not sure what the opposite side of a futures/championship winner bet is, but you could surely find ways to hedge.

Also, the better/further the Jets advanced the more likely it is the sportsbook would approach the bettor to settle and limit their exposure. If the 2022 Jets were, for instance, the 2021 Bengals they'd for sure reach out once they were in the final four/eight and try to pay out winnings to get themselves out of the ticket.

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35 minutes ago, Bowles Movement said:

One dollar to win 20,000 is 10 dollars to win $200,000 

+20000 isn't "one dollar to win 20,000" though. It's 100 dollars to win 20,000.

All moneyline bets like this are framed as if $100 is the base unit.

So, if the Bengals are +140 to win the Super Bowl you wager $100 to win $140. If the Rams are -205 you need to bet 205 to win 100.

+20000 means you win 20k if you wager $100.

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2 hours ago, johnnysd said:

Obviously this guy is going to lose. We can only win when players like Berrios are no longer on the team.

I don't gamble but I might throw some money at this next time I am in Vegas.

And according to @cookiemonsta911 Urban Meyer is going to win the next super bowl so in order for that to happen we need to pick him up and take him from his retirement beach house

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Just now, GKnight83 said:

Guess that makes my $100 on the Dodgers to win it all in 1988 and then doubling down at 3-1 to beat the Mets in the playoffs look pretty insignificant - if he wins.  :)

The odds of the Dodgers were 100:1.  I made the bet the day after LA signed Kurt Gibson as a FA

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