Bettor loses $485,410 on Notre Dame in College Football Playoff title game

One bettor at Betr in Ohio had a rough Monday night

Photo by Cong Wang on Unsplash

The College Football Playoff National Championship Game on Monday night was a tale of two games, and highlights why sports betting has taken off like a rocket ship in the last few years after legalization in the United States.

Ohio State (-8.5) was a big favorite against Notre Dame going into the game, but betting was fairly split on the spread at sportsbooks and there was a lot of money on the Fighting Irish to win outright.

Notre Dame was impressive on its opening drive — marching down the field for a touchdown a 7-0 lead — but halfway through the third quarter Ohio State was winning 31-7. Bettors who had wagered on the Buckeyes to cover (or had Ohio State in a teaser or ML parlay like this author) were probably beginning to count their money — both on account of the score and how lopsided the game had looked since Notre Dame’s opening drive.

One bettor in Ohio was on the opposite side: He had placed a $485,410 wager on Notre Dame +8.5 pregame at the sport…