• Loading stock data...
Wednesday, August 27, 2025
Front Office Sports Honors winners are here! View the 2025 winners

Sports Bettor Loses Chance at $6M After Raiders Loss

  • An entrant named “Maddog” in the Circa Survivor Pro Football Contest was one of four contestants remaining.
  • Maddog needed a Las Vegas win to pocket $6.1 million.
Las Vegas Raider's quarterback Derek Carr signals play against Pittsburg Steelers
Michael Longo/For USA Today Network / USA TODAY NETWORK

A sports bettor lost the chance at winning $6.1 million after the Las Vegas Raiders blew a 10-3 halftime lead in losing to the Pittsburgh Steelers, 13-10 on Christmas Eve.

An entrant named “Maddog” in the Circa Survivor Pro Football Contest — a season-long competition where players pay $1,000 per entry in a field of 6,133 — was one of four contestants remaining entering Saturday’s game. 

Maddog just needed the Raiders to win to be the sole winner of the Survivor contest, but his three competitors advanced as they needed a Steelers victory.

A bettor had better luck due to the Steelers’ win as they pocketed $500,000 on a $550,000 straight bet through BetMGM on Pittsburgh to cover the spread at -2.5 points. 

“We got beat up a little on Saturday,” MGM Resorts director of trading Lamarr Mitchell told the Las Vegas Review-Journal. “The Raiders was our biggest loser.”

The Raiders made a quarterback change coming off the heels of the loss. On Wednesday, the Raiders decided to bench Derek Carr, its starting signal caller for the last nine seasons, for former New England Patriots quarterback Jarrett Stidham for the final two games of the season. 

The move was to maintain Carr’s health as the offseason approaches ahead of potential trades.

In April, Carr agreed to a three-year, $121.5 million contract extension, making him the seventh-highest-paid quarterback in the NFL.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

$2B A’s Vegas Stadium Hits Milestones, on Track for 2028

Construction progress and costs pick up in the Las Vegas project.

Tom Brady Opens Up on ‘Growing Pains’ in First Fox Season

Brady said he was “way more comfortable” by the time he called Super Bowl LIX.
Jon Gruden

Jon Gruden Wins Fight With NFL Over Email Leak Arbitration

Gruden wants his fight against the NFL to play out in court.
Tennessee Volunteers forward Igor Miličić Jr. (7) guards Houston Cougars guard Emanuel Sharp (21) during the second half of a game Sunday, March 30, 2025, during the Elite Eight round of the NCAA March Madness tournament at Lucas Oil Stadium in Indianapolis. Houston defeated Tennessee 69-50.

Sportsbooks Still Hesitant to Dive Into Prediction Markets

Sports betting giants are all monitoring the controversial space.

Featured Today

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Oct 2, 2024; Rosemont, IL, USA; Big Ten commissioner Tony Petitti speaks with the media during the 2024 Big Ten Women’s Basketball media day at Donald E. Stephens Convention Center.
August 22, 2025

‘Not Ready to Jump In’: Power 4 Commissioners Aren’t Sold on PE

Top leaders in college sports have yet to see a satisfactory proposal.
Saquon Barkley

NFL Warns Prediction Markets Are Sports Betting With Less Oversight

League officials say the markets “mimic” sports betting.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
August 20, 2025

FanDuel Enters Prediction Markets, but With No Sports

The company is partnering with derivatives exchange CME Group.
Malik Beasley
August 22, 2025

Malik Beasley Could Still Be Charged in Gambling Probe Despite Feds Dropping..

Beasley’s lawyer is hoping his client can return to the NBA.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
Dec 18, 2024; Inglewood, CA, USA; UNLV Rebels defensive back Rashod Tanner (41) celebrates after defeating the California Golden Bears in the LA Bowl at SoFi Stadium.
August 20, 2025

Robinhood Reactivates Sports Contracts in NJ and NV, Sues State Regulators

The suits were filed the same day Robinhood announced new football offerings.
Jan 20, 2025; Atlanta, GA, USA; Ohio State Buckeyes running back Quinshon Judkins (1) and quarterback Will Howard (18) celebrate after a touchdown against the Notre Dame Fighting Irish during the second half the CFP National Championship college football game at Mercedes-Benz Stadium.
August 19, 2025

Robinhood to Roll Out Football Prediction Markets

The new event contracts come on the heels of Kalshi’s expanded football offerings.
August 18, 2025

Limitations on Prop Bets Supported by NBA, Players’ Union

The union is trying to combat online and in-person harassment.
Feb 9, 2025; New Orleans, LA, USA; Philadelphia Eagles quarterback Jalen Hurts (1) against the Kansas City Chiefs during Super Bowl LIX at Ceasars Superdome.
exclusive
August 18, 2025

Kalshi Adds Touchdown Props, Over/Unders Amid Legal Uncertainty

The company is not cowed by its legal challenges.