Folks, we have another ‘Chalk Eater Alert.’
Last week, a bettor placed a $1,000 wager on Auburn to win as a -20,000 money-line favorite at Caesars Palace in Las Vegas.
Regardless of the result, the bet was undeniably square even if it cashed…for a $5 return! Maybe he (or she) really enjoys the profit of a bottled water and $1 of change from risking $1,000.
The high-risk, low-reward bets are back this week, coming in the form of a parlay.
On Wednesday, a bettor — at Caesars Palace again — placed a $1,000 two-team money-line parlay on the New England Patriots and the Dallas Cowboys. If both teams win, as they are expected to, the bet would cash for $45 of profit.
The theories behind these types of wagers range anywhere from money laundering to drink tickets to rewards points at the sportsbook. Regardless, the bet is almost a guarantee…but it’s not.
Since 1992, teams favored by at least 20 points are 9-0 straight up. All nine of those teams have failed to cover the spread, but the Caesars parlay bettor just needs them both to win.
If the Cowboys or the Patriots lose, it would go down as the biggest single-game upset in NFL history, according to the odds. New England, under Bill Belichick, has been the team favored by 20- plus in four of the nine total games.
Dallas is 10-1 straight up when favored by 15 points or more. The lone loss came in a 24-17 defeat at the hands of the Washington Redskins in 1995, when the Cowboys were 17-point home favorites.
The last time Dallas was favored by 15 or more was 2008, when the Cowboys beat the Bengals as 16-point favorites.
New England is 16-0 SU as a ‘chalk’ of at least 15 points. The Patriots won 43-0 as 18-point favorites at Miami last week.