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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 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 on 5/9/19 at 1:57 pm to TechDawg2007
(no message)
This post was edited on 4/8/23 at 6:02 pm
Posted on 5/9/19 at 1:59 pm to TechDawg2007
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 on 5/9/19 at 2:01 pm to TechDawg2007
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 on 5/9/19 at 2:02 pm to TechDawg2007
It's literally free money, why the hell not take a shot?
Posted on 5/9/19 at 2:03 pm to TechDawg2007
quote:that spretty shitty odds he got for the grand slam.
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,
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 on 5/9/19 at 2:21 pm to TechDawg2007
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.
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 on 5/9/19 at 2:22 pm to TechDawg2007
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 on 5/9/19 at 2:23 pm to OweO
The guy basically threw away 10k on the Masters bet.
I don't know his financial situation, but he is probably doing alright anyway.
I don't know his financial situation, but he is probably doing alright anyway.
Posted on 5/9/19 at 2:23 pm to LNCHBOX
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 on 5/9/19 at 2:23 pm to castorinho
I mean it's not really a bet when you have one of these...


Posted on 5/9/19 at 2:23 pm to TechDawg2007
Maybe that really was the first bet he ever made because this one is fricking retarded
Posted on 5/9/19 at 2:26 pm to 9Fiddy
Not sure but I don’t think he cares
Sounds like a lark
Sounds like a lark
Posted on 5/9/19 at 2:28 pm to OweO
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 on 5/9/19 at 2:31 pm to TechDawg2007
I can see dropping 10k on this given his circumstances. Not 100k on this given his circumstances.
Posted on 5/9/19 at 2:31 pm to LNCHBOX
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 on 5/9/19 at 2:34 pm to OweO
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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