After betting on Phil Mickelson to win the PGA Championship, Bettor wins $300,000.
Phil Mickelson has insisted for the past eight years that he is still capable of winning a major.
On Sunday, a $1,000 bet turned into a $300,000 payout for a New Jersey bettor who shared his views as the American made history at Kiawah Island, South Carolina, by being the oldest player to win a major tournament and the first to win one of golf’s four most coveted tournaments after turning 50.
Mickelson shot a final round of 2-under par to win his second PGA Championship and first major in eight years, the sixth of his illustrious career. His victory was bad news for bookmakers, as Lefty, as Mickelson is affectionately called, started the tournament as a 200-1 underdog, with some sportsbooks offering even longer odds.
According to ESPN Stats & Details, Mickelson is the first golfer to win a major with odds of at least 200-1 since Louis Oosthuizen won The Open Championship at the same odds in 2010.
On Sunday, the South African was one of Mickelson’s main rivals on the Ocean Course, finishing tied for second with Brooks Koepka, two shots behind the winner.
Before the start of the tournament, DraftKings had Mickelson at 300-1 and paid out $300,000 to an anonymous bettor who bet $1,000 on him before the PGA Championship began.
Mickelson’s odds were reduced to 250-1 before the first round on Thursday, and then to 90-1 after he tied for third in the first round. He was down to 12-1 by the third round on Saturday.
DraftKings sportsbook director Johnny Avello said, “Let’s just hope some of our customers will have an enjoyable Sunday.”
William Hill’s losses were more contained, with two bettors in Iowa and Nevada each betting $100 on Mickelson at 200-1 and receiving $20,000 payouts.
According to ESPN, William Hill assistant director of trading Adam Pullen said, “We lost low six figures overall [in Nevada].” “When Tiger [Woods] won the Masters a few years ago [in 2019], we lost over a million dollars. After Tiger, I believe this is the second-largest [golf]loss we’ve had.”
Surprisingly, Mickelson had only gotten 1% of the pre-tournament bets and 1% of the overall money wagered. This is a brief summary.