A Caesars Sportsbook in Nevada could stand to lose nearly than $1 million to just one bettor if Los Angeles Angels pitcher/designated hitter Shohei Ohtani wins the American League MVP Award. On March 19, a Nevada bettor placed a $30,000 bet on Ohtani to win the award at 30/1 odds.
Ohtani is a finalist for the American League MVP Award along with Toronto Blue Jays first baseman Vladimir Guerrero Jr. and shortstop Marcus Semien.
If Ohtani does in fact win the award, the bettor will win $900,000.
"It's going to be the biggest loss on that type of market ever," William Hill (now Caesars Sportsbook) assistant director of trading Adam Pullen told ESPN. "It's going to stick out as a line item, when you see award betting and a big minus."
In February, the Angels slugger/pitcher opened at 60/1 odds to win the MVP and there was a significant amount of interest. There were more bets placed on Ohtani to win the award than any other players at the majority of sportsbooks.
In late June, Ohtani blossomed into the favorite and was listed at -5000 odds at BetMGM by the time August rolled around.
It certainly seems like a foregone conclusion that Ohtani will win the American League MVP Award when it's announced on Thursday evening. After all, the Angels star blasted 46 home runs and knocked in 100 runs while also posting a 9-2 record to go along with a 3.18 ERA on the mound.
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November 19, 2021 at 03:18AM
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Caesars Sportsbook could lose nearly $1 million on one bet if Shohei Ohtani wins MVP - CBS sports.com
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