A bettor is risking $200k to potentially win $1,761, betting the Browns won't win the SB

Yeah, this is retarded. Leave that money in a damn checking account and you'll earn that. Instead, the casino will be earning interest on that guy's $200K for the next 9 months.

I'd be willing to bet that someone bet him to do this.

There has never been a bet made in history more guaranteed

I'm guessing this is related to some sort of rewards program the bettor is trying to achieve or maintain.

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laugh because 9-month CDs pay about 4x these potential winnings with no risk of loss of capital

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that was my thought before I even opened the thread, they’d get more in a savings account

One of those things as a bettor that irrationally makes my blood boil when people bet on anything at 99% or -10000 odds. Just stupid unnecessary risk

if there’s any benefit of the doubt though I will say from betting on Kalshi that they do pay out a 3.25% apy interest on open positions so maybe poly market does same and he’s getting interest plus any return the bet will eventually yield

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I'm guessing this is related to some sort of rewards program the bettor is trying to achieve or maintain.

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That has to be the answer. It’s the only thing that makes sense.

Maybe he’s a browns fan who will gladly pay 200 g’s for a title

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(I laugh because 9-month CDs pay about 4x these potential winnings with no risk of loss of capital)

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Is that how these types of bets work? They actually take the entire $200K from you upfront?

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Is that how these types of bets work?

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I'm pretty sure that's how it works. I've never heard of people locking in odds and not having to transfer payment for the bet until the event is played.

I guess his buds said it was a good idea. Can't see ANY star lining up for him. Shooters shoot.