One bettor makes $300,000 on Phil Mickelson’s historic PGA Championship victory
Phil Mickelson became the oldest major winner ever, taking the 103rd PGA Championship in Kiawah Island, S.C., on Sunday.
His two-shot win over Louis Oosthuizen and Brooks Koepka win was a mixed bag for sportsbooks, as it included one bettor who won $300,000 on Mickelson at DraftKings Sportsbook, off a $1,000 bet on Mickelson to win at 300-1 odds. For long shots like Mickelson, a few bets can increase liability for books quickly.
“Let’s just say some of our customers will have an enjoyable Sunday,” DraftKings sportsbook director Johnny Avello told VSiN.
Mickelson had odds as long as 300-1 before the tournament, before shortening to around 250-1 before Thursday’s opening round. Mickelson’s odds were 90-1 before Round 2, 12-1 before Round 3 and 275 before Sunday’s final round at DraftKings. By Sunday, Mickelson had the sixth-most bets at BetMGM books (4.3%), and the third-highest handle at 6.5%. He was the largest liability in the tournament for BetMGM books entering Sunday’s final round; entering the tournament 31 other players had more tickets on them to win than Mickelson.
Phil Mickelson added to his notable list of career achievements, winning the PGA Championship to become the oldest player to win a golf major at age 50.
There were a few notable bets at William Hill sportsbooks, with one bettor in Nevada and one in Iowa wagering $100 each at 200-1 odds to win $20,000 each. “We were a good six-figure loser,” Michael Grodsky, vice president of marketing at William Hill told VSiN.
“It was about break-even for us,” Jeff Sherman, vice president of risk at SuperBook Sports told VSiN via text. “Phil had some support over the weekend at 14-1 and 3-1, but just some small stuff at 250-1.”
Lefty’s win was even better for other books, as Thomas Gable (sportsbook director at Borgata in New Jersey) told VSiN that Mickelson winning was a good result.
It was an incredible sight to behold the galleries and excitement on Sunday of Mickelson winning another major, even if all sportsbooks weren’t happy to see him victorious.
VSiN, the Sports Betting Network, offers more expert sports betting content in a free daily email at VSiN.com/email.
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