FanDuel Sportsbook experienced a significant loss of $20 million after offering 200:1 odds on a prop bet parlay involving field goals in the NFL’s Week 2 Sunday games. The bet was that every team playing in the 1 p.m., 4:05 p.m., and 4:25 p.m. games would make at least one field goal.
All 24 teams ended up making a field goal, resulting in FanDuel having to pay out over $20 million to the bettors who took the deal. The popularity of the bet was boosted by gambling influencers on social media, one of whom posted about the bet and received millions of views.
One of the reasons the bet gained attention was due to the attractive 200:1 odds offered by FanDuel. Competitor app DraftKings had the same bet but at a more modest 30:1 odds. This particular prop bet proved to be a costly one for FanDuel.
Perspective: FanDuel Sportsbook’s $20 million loss on the field goal prop bet parlay showcases the unpredictable nature of sports betting. While offering high odds attracts attention and potential profits for the bettors, it also carries the risk of significant losses for the bookmaker. This serves as a reminder that both sides of the betting coin can experience extreme outcomes.
