Sometimes hedging a bet is your only option. Because if turning $7 into $124,000 on a 17-leg parlay seems to good to be true, it probably is.
That was the case for one NFL bettor who decided he wasn’t leaving his earnings up to fate.
Ahead of Week 8 action, the bettor placed a bet for $7.77 on a 17-leg parlay with +1600073 odds. It would have paid out more than $124,000. Incredibly, the first 16 legs hit Sunday, leaving Joe Mixon’s rushing yards over on Monday night as the only leg left.
At that point, the bettor had two options. Let it ride and risk coming away with nothing. Or sprinkle something on Mixon’s under to create a win-win scenario.
Wisely, they did the latter. Mixon was held to just 27 yards in a rough game for the Bengals.
16 of 17 legs hit in bettor’s $7.77 parlay to win $124K.
Last leg fails as Joe Mixon runs for only 27 yards.
Bettor hedged before game. Bet $34K to win $29,565 on Mixon under. pic.twitter.com/5i1jezPUIZ
— Darren Rovell (@darrenrovell) November 1, 2022
It helps to have $34K sitting around that you can use on a hedge. But with that money at their disposal, the bettor netted $29,000.
It’s not the $124K they would’ve won if the final leg of the parlay had hit (or $90K with the hedge subtracted). But for a bet that started with just $7, it’s most definitely a big win.
And it should lead to a pretty good honeymoon. The bettor got married Sunday.
THE $124K PARLAY BETTOR JUST GOT MARRIED TODAY…
LETS GOOOOOO 🔥
(via @DnlTanner / @FDSportsbook) pic.twitter.com/NLcFkzK8BH
— br_betting (@br_betting) October 30, 2022
The lesson here is always hedge if you can.
