• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Major betting company loses huge $5,500,000 on one bet just days after reopening

Home> News> US News

Published 10:25 16 Nov 2023 GMT

Major betting company loses huge $5,500,000 on one bet just days after reopening

Not the best start!

Kit Roberts

Kit Roberts

A betting company that recently reopened after being shut for two years has already suffered a staggering financial loss.

The firm is Hard Rock and it reopened its sports book in Florida following a two-year-long legal battle.

The case made it all the way to the Supreme Court, but the company finally reopened 14 November.

Then, almost immediately, someone scooped a staggering $5.5 million win on a football game.

They say the house always wins, but a win like that must be hard to take.

Advert

The win came after a match between the Houston Texans and the Cincinnati Bengals.

Things had been evenly matched, with the win coming down to the final seconds of the game as the Houston quarterback C.J. Stroud authored a drive.

This led to Houston ultimately claiming victory with a score of 30-27 over Cincinnati.

Jon Chapper is the senior director of communications for Hard Rock Digital, and confirmed the enormous bet to ESPN.

Advert

The Houston Texans played the Cincinnati Bengals.
Ian Johnson/Icon Sportswire via Getty Images

He told ESPN: "With such a large and diverse population, nothing is 'low profile'.

"We see great interest in wagers across our deep betting markets. That said, we're always performing due diligence, especially on large wagers."

Shahrouz Ebadian works as a tech executive in Fort Lauderdale, and has placed a number of very large bets in the past.

Advert

These have included wagers ranging from $10,000, to a whopping $100,000.

While he didn't the begrudge the size of the bets, he was a little perplexed by what the gamblers chose to bet on.

Ebadian said that he was sat with his girlfriend at a bar when he saw that someone had placed the enormous bet.

He was in disbelief, but was told by a host at Hard Rock VIP that the bet was in fact genuine.

Advert

The Houston Texans played the Cincinnati Bengals.
Ian Johnson/Icon Sportswire via Getty Images

He said: "Why the hell would somebody put a million [dollars] on a 1-8 team? Why would you do that?

"But the amounts, I think you're going to see that all the time down here. I know there's money in New York, where it's legal, too, but I think South Florida is a different animal."

A scoop of $5.5 million is a mammoth win, but even that pales into insignificance compared to a bet placed by Texas furniture businessman Jim McIngvale, known as 'Mattress Mack'.

Advert

He won an astonishing $75 million back in 2022 after betting that the Houston Astros would win the World Series.

This is believed to be the largest win in legal sport betting.

Featured Image Credit: Hard Rock International/ Getty stock

Topics: News, US News, Sport

Kit Roberts
Kit Roberts

Kit joined UNILAD in 2023 as a community journalist. They have previously worked for StokeonTrentLive, the Daily Mirror, and the Daily Star.

Advert

Advert

Advert

Choose your content:

3 hours ago
  • Getty Images
    3 hours ago

    NASA rediscovered secret military base dubbed 'city beneath the ice' hidden underneath Greenland

    Scientists have warned that the experimental military base could pose a major threat

    News
  • GoFundMe
    3 hours ago

    Tennessee mom loses leg after attack by her own pet pit bull left limb ‘basically hanging off’

    Amanda Mears raised her dog from two weeks old, but suffered life-changing injuries when he clamped his jaws on her leg

    News
  • Getty Stock Photo
    3 hours ago

    Expert reveals exactly how long you should be able to hold a plank for according to your age

    A plank exercise is when you hold your body in a push up position, in a straight line, like a plank of wood

    News
  • Getty Stock Photo
    3 hours ago

    Global study reveals shocking number of adults qualify for weight loss injections

    Researchers looked at data from over 810,000 adults across 99 countries

    News
  • Major update on Texas teen who vanished outside her home on Christmas Eve
  • Tennessee mom loses leg after attack by her own pet pit bull left limb ‘basically hanging off’
  • 22-year-old college student tragically dies from eating peanuts just days after graduating
  • CEO reveals the one ‘painful lesson’ he learnt after being caught live on TV doing controversial act to child