BetMGM takes $500,000 bet on Seattle -6.5 at Miami

BetMGM is hoping for some "FitzMagic" Sunday in South Florida to derail a $500,000 bet on Seattle -6.5 vs. the Dolphins.

After months of no big sports bets in Vegas, bettors have returned to place monstrous NFL
wagers.

BetMGM took three such bets on Week 4 action, according to Todd Dewey of the Las Vegas
Review-Journal
. All three wagers are on spreads and each one is risking six figures.

The biggest of the three major wagers is on Seattle to cover as a 6.5-point favorite against
Miami. If the Seahawks get the job done, one bettor will win $500,000 on his or her $550,000
ticket.

The second bet is on Arizona to grab a win and cover as a 3.5-point favorite. Carolina will be
looking to spoil the $300,000 ticket, but the Panthers will have to do so without Christian
McCaffrey. The bet would cash for $285,000.

Finally, one bettor risked $100,000 on Baltimore to cover as a 12.5-point ‘chalk.’ The Ravens
have now been bumped up to 14-point favorites. A two-touchdown win would cash for $83,000.

BetMGM also took a big MLB wager this week.
The sportsbook had a bettor place a $100,000 future on Houston to win the World Series at 25/1. If
the Astros are able to pull it off, the ticket would be worth $2.5 million.

Miami advanced past Chicago on Friday afternoon, advancing to the NLDS. The Marlins are the
biggest liability at MGM, followed by San Diego and Los Angeles.

This particular Houston wager was not placed by the notorious Jim “Mattress Mack” McIngvale,
who has made a name for himself in the sports betting world. He runs a promotion at his furniture
store in Houston, allowing customers to get a refund on their mattress purchases if the Astros win the
World Series. McIngvale hedges his liability by betting on Houston to win the title.

He cashed big on the Astros earlier this week when they beat Minnesota in Game 1 of the AL Wild
Card series. McIngvale placed a $250,000 wager to win $375,000 on the Astros at +150 at BetMGM
in Mississippi. They swept the Twins in two games.

He also placed a $10,000 bet on Houston to win the World Series at 30/1 on Thursday at the South
Point sportsbook in Las Vegas.

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