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Bettor who won $1.2M on Tiger Woods lights $100K on fire on hope Woods wins Grand Slam

Posted on 5/9/19 at 1:55 pm
Posted by TechDawg2007
Bawville
Member since Nov 2007
32632 posts
Posted on 5/9/19 at 1:55 pm
quote:

James Adducci has decided to let it ride while he’s hot.

Well, not all of it. But the bettor who won nearly $1.2 million when Tiger Woods won the Masters put a chunk of his winnings on the line for a much bigger payday.

Adducci has placed a $100,000 bet that Woods will win the Grand Slam this year. If Woods goes on to win the PGA Championship, the U.S. Open and The Open Championship, he’ll cash out for $10 million, according to a Golf Digest report.

Adducci placed the bet Wednesday with the William Hill Sportsbook, the same book where he made his $85,000 bet on Woods to win the Masters at 14-1 odds, a wager he claims was his first sports bet.

Adducci getting 100-1 odds, not long enough

This time he’s getting 100-1 odds, which are long, but not nearly long enough for the achievement he’s betting on.

In his prime, Woods achieved the “Tiger Slam,” an accomplishment completed when he won the 2001 Masters. The win followed up a 2000 season where he won the U.S. Open, The Open Championship and the PGA Championship, giving him all four major championships at once.


quote:

It was a remarkable feat, one of the great achievements in the history of the game. Nobody since has approached it. Nobody before has won the modern-day Grand Slam that consists of winning the four current major championship in a calendar year.

Adducci counting on Woods’ past success

Adducci told Gold Digest he placed the bet because of Woods’ track record at the upcoming major courses.

Woods won the 2002 U.S. Open at Bethpage Black, which is hosting next week’s PGA Championship. The U.S. Open will be held at Pebble Beach, the site of one of Woods most dominant victories, his 15-stroke win at the 2000 U.S. Open.

"Tiger has history winning at Bethpage, and he won at Pebble, by the biggest margin in history," Adducci told Golf Digest. "This is a very unique situation. That's the way I'm thinking about it.

“We know that with every win, the energy level will get amped up. His game gets elevated. The expectation — does he play well under pressure? He's the definition of excelling under pressure. That's how my brain works."

Again, Woods achieved those wins in his prime. He most certainly is not in his prime in 2019. He’s 43 years old. His body has broken down and been rebuilt on multiple occasions. As remarkable as his Masters win was, he’s not nearly the same golfer who won the “Tiger Slam.”

Better uses for $100K

Woods will not win the next three major championships. Adducci would be better off laying $100,000 down on a spin of the roulette wheel. Or a lavish party weekend for his friends in Las Vegas. Or using it as kindling for a fire.

Eyebrows were raised when Adducci claimed that his $85,000 bet on Woods to win the Masters was his first.

Based on his judgment here, maybe it was.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 5/9/19 at 1:56 pm to
Posted by Splackavellie
Bayou
Member since Oct 2017
13037 posts
Posted on 5/9/19 at 1:56 pm to
His second bet ever.
Posted by alajones
Huntsvegas
Member since Oct 2005
35966 posts
Posted on 5/9/19 at 1:56 pm to
Posted by msutiger
Houston
Member since Jul 2008
71995 posts
Posted on 5/9/19 at 1:57 pm to
(no message)
This post was edited on 4/8/23 at 6:02 pm
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
68233 posts
Posted on 5/9/19 at 1:59 pm to
this is why books dont give a frick when people get those huge payouts - they know the chumps will give it back. this guy is a moron LOL
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6687 posts
Posted on 5/9/19 at 2:01 pm to
Why not donate it to a charitable organization instead of burning it?
This post was edited on 5/9/19 at 2:02 pm
Posted by LNCHBOX
70448
Member since Jun 2009
89339 posts
Posted on 5/9/19 at 2:02 pm to
It's literally free money, why the hell not take a shot?
Posted by castorinho
13623 posts
Member since Nov 2010
88334 posts
Posted on 5/9/19 at 2:03 pm to
quote:

Adducci has placed a $100,000 bet that Woods will win the Grand Slam this year. If Woods goes on to win the PGA Championship, the U.S. Open and The Open Championship, he’ll cash out for $10 million,
that spretty shitty odds he got for the grand slam.

He's 8 to 1 to win next week. Now let's say he's 5-1 at the US open and then 3-1 at The Open. That'd be 12,000,000. And that's using conservative odds.

So not only is he making an awful bet, he's also getting shite odds
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 5/9/19 at 2:21 pm to
And this is how you lose money.

The smart thing to do would be... To take 50% of your profits on that one bet and put it into some type of fund. Put it into a safe investment and forget you even have it. Take the other 50% of the profit to make "smart" bets.

Let's say you start week 1 of the football season and you bet 5% of it on games and you finish the week in the plus. You take half of the profit to add to investment then the other half goes into your bankroll.

You are not going to win every week. But a smart bettor who bets the numbers can finish the season winning at 56-57%.

But people are stupid.
Posted by 9Fiddy
19th Hole
Member since Jan 2007
67137 posts
Posted on 5/9/19 at 2:22 pm to
quote:

Adducci has placed a $100,000 bet that Woods will win the Grand Slam this year. If Woods goes on to win the PGA Championship, the U.S. Open and The Open Championship, he’ll cash out for $10 million, according to a Golf Digest report.

100:1 odds to win the grand slam seems pretty low IMO
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79744 posts
Posted on 5/9/19 at 2:23 pm to
The guy basically threw away 10k on the Masters bet.

I don't know his financial situation, but he is probably doing alright anyway.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 5/9/19 at 2:23 pm to
quote:

It's literally free money, why the hell not take a shot?




You can't look at it like that. Once you win it, it's YOUR money, not FREE money.
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
5338 posts
Posted on 5/9/19 at 2:23 pm to
I mean it's not really a bet when you have one of these...

Posted by Ed Osteen
Member since Oct 2007
59342 posts
Posted on 5/9/19 at 2:23 pm to
Maybe that really was the first bet he ever made because this one is fricking retarded
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 5/9/19 at 2:26 pm to
Not sure but I don’t think he cares

Sounds like a lark
Posted by LNCHBOX
70448
Member since Jun 2009
89339 posts
Posted on 5/9/19 at 2:28 pm to
quote:

You can't look at it like that. Once you win it, it's YOUR money, not FREE money.


Math disagrees, but whatever.

He started with $85,000. Now he's at $1.2mil. At worst he's at $1.1mil.

Tell em again how he's not playing with house money.
Posted by Tiger985
Member since Nov 2006
7767 posts
Posted on 5/9/19 at 2:31 pm to
I can see dropping 10k on this given his circumstances. Not 100k on this given his circumstances.
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8863 posts
Posted on 5/9/19 at 2:31 pm to
quote:

It's literally free money, why the hell not take a shot?


Plus the fact that gambling losses are deductible against gambling wins. Assuming a 40% tax bracket, that bet is only costing him 60K out of pocket after taxes if he loses.
This post was edited on 5/9/19 at 2:33 pm
Posted by jchamil
Member since Nov 2009
19881 posts
Posted on 5/9/19 at 2:34 pm to
quote:

The smart thing to do


definitely does not include

quote:

Take the other 50% of the profit to make "smart" bets.
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