The bettor who won $1.2 million when Tiger Woods won the Masters is shooting for a bigger score this summer. And he’s betting Tiger can turn his $100,000 bet into $10 million.
James Adducci (pictured) placed a $100,000 bet on Woods to win the 2019 Grand Slam at 100-1 odds. Adducci flew from his home in LaCrosse, Wisconsin to place the bet at SLS casino in Las Vegas, where William Hill US confirmed the bet at its sportsbook. That’s the same casino and sportsbook where Adduccti cashed in $1.2 million on his first sports bet on Woods.
“[William Hill] told me it’s a bet that’s never been seen before.” Adducci told Golf Digest. “To make $1 million is a step. To make $10 million is jumping to a new level.”
Can Tiger defy the odds?
Adducci’s wager on Woods is not optimal, and he could have gotten longer odds than 100-1 had he shopped around or requested the wager to other sportsbooks like Caesars. But Adducci stayed with William Hill US, and explained why he went ahead with another big bet on Tiger to capture all four majors and complete the 2019 Grand Slam.
“Tiger has history winning at Bethpage, and he won at Pebble, by the biggest margin in history,” Adducci said. “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… he’s the definition of excelling under pressure. That’s how my brain works.”
Woods winning the Grand Slam in a calendar year would be historic for both him and the bettor, Adducci.
Only three golfers – Koepka, Spieth, and McIlroy – have won two majors in the same calendar year since 2010. No one has won three in the same year since Tiger in 2000, and no player has ever won the modern era Grand Slam in reference to the Masters, US Open, The Open Championship, and PGA Championship.
The Tiger Woods impact on sportsbooks
Tiger’s triumph dropped his odds to win the 2020 Masters to 8-1 as the favorite. Woods’ odds to win the 2019 Grand Slam also dropped from 500-1 to 100-1. Adducci missed the opportunity to bet Tiger at longer odds to complete the grand slam, but he’s parlaying nearly 10% of his profits from his Masters score into a potential $10 million payday if Woods can complete the Grand Slam.
“The Tiger effect is real,” said Mike Raffesnperger, CMO for FanDuel Group after Woods won the Masters and cost FanDuel more than $1 million. But FanDuel is not backing down. In fact, FanDuel is betting big against Tiger Woods again at the PGA Championship, where nearby fans and bettors in New York and New Jersey will no doubt be betting on Woods and take advantage of FanDuel’s current promotion called “Big Cat Cash Back.” The promotion allows all entrants of its PGA Big Cat Eagle or PGA Big Cat Stinger contests to receive a refund of their entry fees should Woods win the PGA Championship at Bethpage Black.
Woods also cost DraftKings Sportsbook more than $1 million with his Masters victory, and DraftKings offered even more incentive and higher odds on Woods into the final round. But DraftKings is not taking more risk on Woods during the majors this summer. DraftKings’ odds on Woods to win the PGA Championship is 7-1, and Woods is just 6-1 to win either the U.S. Open or Open Championship.
You can bet there will be more sportsbook promotions offered on Woods as fans love to bet on Tiger even when his odds are far lower than expected value. BetStars had a Masters promotion on Woods offering him at 100-1 odds to win for the first $10 bet on Woods. Sports bettors in New Jersey took advantage, and Woods will generate more betting interest as the favorite at this year’s PGA Championship.
PGA Championship betting favorites
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Looking ahead at Tiger Woods’ betting odds, Woods is also the co-favorite with Dustin Johnson to win the U.S. Open in June at Pebble Beach. Both players are +950. Woods is even the +950 favorite over Rory McIlroy (+1100) in the Open Championship at Royal Portrush in Northern Ireland, where McIlroy was born and made his rise to golf superstar.