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The rise of high-stakes betting
In the world of sports betting, few events capture attention like a massive wager. Recently, a Kentucky bettor made headlines by placing a staggering $3.1 million bet on the Philadelphia Eagles to defeat the Carolina Panthers.
This bet, made at Circa Sportsbook, is one of the largest ever reported in NFL history. With odds set at -700, the potential payout stands at approximately $442,800. Such high-stakes betting not only reflects the bettor’s confidence but also highlights the growing trend of significant wagers in the sports betting landscape.
Market reactions and sportsbook strategies
The immediate aftermath of this monumental bet saw Circa Sportsbook adjusting their odds. On Friday, they moved the Eagles’ odds to -870 while increasing the Panthers’ odds to +650. Derek Stevens, the owner of Circa Sports, acknowledged the magnitude of the wager, stating it was the largest his sportsbook has ever taken.
In response to the overwhelming action, Stevens instructed his team to seek buyback on the Panthers, emphasizing the need for balance in their betting book. With Circa now operating in five states, they are better positioned to manage such high-profile bets and mitigate potential losses.
The Eagles’ current standing and potential upsets
The Philadelphia Eagles are currently enjoying a remarkable season, boasting a record of 10-2 and sitting as the biggest favorites in Week 14 with a spread of -13.5 at major sportsbooks.
Their impressive performance includes an eight-game winning streak, making them a formidable opponent. However, a victory for the Panthers, who hold a 3-9 record, would be considered one of the biggest upsets of the NFL season. The Panthers have shown signs of improvement, narrowly losing to the Chiefs and Buccaneers after a bye week.
As the game approaches, the stakes are high, and both teams are under pressure to deliver.
