• Loading stock data...
Monday, December 9, 2024
Tune in on Dec. 11 at 1:05 p.m. ET for our last Future of Sports virtual summit of the year – Future of Sports: Marketing! Register Now

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

Las Vegas Doubles Down on Sports With $1.75B Ballpark and NBA Arena

Ballpark and arena projects in the booming sports market receive key approvals.

Amazon’s NFL Black Friday Game Ratings Up 41% From 2023

Amazon Prime Video’s Raiders-Chiefs broadcast averaged 13.51 million viewers.

A’s Vegas Ballpark Cost Rises to $1.75B, but John Fisher Can Afford..

Additional amenities and rising construction costs create a new price tag.
Bluesky and Twitter

Why Bluesky Is Not a Serious Threat to Sports Twitter

Bluesky recently hit 23 million total users. That doesn’t touch X/Twitter.

Featured Today

Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
November 30, 2024

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?

Poker Pro Pleads Guilty to ‘Massive’ Sports Betting Tips Fraud

Cory Zeidman ran a scheme that amassed $25 million over 14 years.
Sports betting Analyst Steve Coughlin gives out high-fives on the set of ESPN's College Game Day at the University of Texas, ahead of the Longhorns' game against the Georgia Bulldogs in Austin, Oct. 19, 2024.
November 7, 2024

ESPN Bet at Critical Point As Penn Reports Quarterly Earnings

The two sides agreed to a 10-year deal last August.
DraftKings
November 8, 2024

DraftKings Lowers Full-Year Guidance After Brutal NFL Outcomes

DraftKings cited a tough start to the fourth quarter in lowering its 2024 guidance.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Nov 4, 2024; Kansas City, Missouri, USA; Kansas City Chiefs wide receiver DeAndre Hopkins (8) celebrates with quarterback Patrick Mahomes (15) after scoring against the Tampa Bay Buccaneers during the second half at GEHA Field at Arrowhead Stadium.
November 6, 2024

Missouri Becomes 39th State to Legalize Sports Gambling

Missouri was the only state with sports gambling on its ballot this election cycle.
November 5, 2024

On the Ballot: Sports Betting, Former Athletes Impacting the 2024 Election

Several U.S. Senate candidates have sports backgrounds, while Missouri voters will consider legalizing sports betting.
Tony Hinchcliffe at Donald Trump rally.
November 4, 2024

Sports Betting Companies Holding Comic at Arm’s Length After Trump Rally

Hinchcliffe drew criticism over his comments at a rally for Trump.
November 1, 2024

Polymarket Is Pushing Into Sports Betting

Once the ballots are counted, Polymarket needs to take on sports.