Many parties welcomed Tiger’s success at Augusta with joy, but not bookmakers. William Hill faced the biggest loss in the company’s history with a sportsbook in Nevada taking a US$85,000 bet on Woods at 14-to-1.T Tat meant that when Tiger won his fifth green jacket, William Hill needed to pay out $1.19 million, the biggest liability on a single golf wager in William Hill’s seven-year history of taking bets in the US.
After all bets were paid out, William Hill was down seven figures. Fan Duel Group also lost U$2 million from Woods’s victory. “It’s great to see Tiger back,” said Nick Bogdanovich, director of trading at William Hill US, as quoted by Bloomberg. “It’s a painful day for William Hill - our biggest golf loss ever - but a great day for golf.” Despite his struggles on and off the course for the past decade, some people still believed Tiger would win a major.
One such person was James Adducci, who cashed in for an impressive US$1.19 million after placing the $85,000 bet on Tiger to win the Masters. Speaking to reporters, Adducci said this was the first bet he’d ever made on sports. Regardless of how long the odds were, Tiger remained a favorite among the golf-betting public.
