Gambling outside of America is a different animal. Last weeks blog post about overseas gambling should give you an idea about how big sports betting is overseas. The bet Rory McIlroy’s dad made with Ladbrokes should confirm sports betting’s popularity for you.
When Rory McIlroy was 15 years old his father and some friends placed a bet that he would win the British Open within 10 years. Ladbrokes only took a £200 bet on the 500-1 shot. Converted to dollars that’s only $341. This was the last British Open Rory McIlroy could win for his father’s bet to pay off. Boy did it pay off!
The $341 USD bet on Rory McIlroy will pay out $171,000
BOOM! If Rory McIlroy was American his father wouldn’t have been able to make this kind of bet legally. As sports betting continues to grow and expand in America bets like this will become legal.
Even though I don’t think that this is the kind of bet I would make I can’t wait until it’s possible that I could make the bet. I think long-term wagers like this would be very popular. The general public would eat up the opportunity to bet on a player like Jameis Winston or any other popular college football player winning a Super Bowl today if they could.
Photo: The Star