With sports betting at an all-time high in terms of popularity, the Cincinnati Bengals (+10) provided the second-largest upset of the NFL season. Going in to Jacksonville, the Bengals were 10-point underdogs and left with a 34-31 overtime win.
What does that mean for the betting market? As of Monday morning, 78% of bets backed the Jaguars to not only win the game but to cover the spread, according to Sportsbettingdime.com:
A resounding 94% of bets had the Jacksonville moneyline, meaning the bettors thought they would win. Only six percent of those bets had the Bengals coming away with the win.
What all of this means is that it was a bad night for the betting public and a good night for the sportsbooks.
With bets leaning so far in Jacksonville’s favor, the sportsbooks kept the wagers of any bet that had Jacksonville winning or covering the 10-point spread. So the parlays that got broken up when Evan McPherson connected from 48 yards out went straight to the books.
On the other hand, those bold enough to bet on the Bengals likely took home a handsome payout. At +375, a $100 bet on the Bengals to win would have paid out $375. Even if you thought the Bengals would lose, but not by 10 or more points, you were able to find value and profit off the Monday Night Football thriller.
Were you confident enough to bet your hard-earned money on the Bengals? Let us know in the comment section!