Thousands more bettors place tiny dollar parlays each week in the hopes of winning a large payout if they have a lucky week. Sportsbooks make a lot of money on parlays because they have the largest percentage hold of any bet on the board. That’s why they’re so glad to promote when bettors win, even if it’s a $10 bet that pays out $80,000, since they still make a lot of money on people’s aspirations of winning big.
This week’s nearly-home huge parlay comes from Michigan, where a BetMGM bettor has gone a perfect 15-for-15 on NFL money line picks in a $25, 16-leg parlay for $726,939. The only issue? On Monday night, the Detroit Lions (+400) will face the Green Bay Packers in the last leg. The fact that the Lions are on the parlay is one of the reasons it pays so handsomely, but it’s also why, despite a perfect start, they’re in danger of losing everything.
Here’s what they’ve hit so far, via PlayMichigan.
The biggest problem for this bettor is that hedging here is incredibly difficult. The Packers are -650 at the moment, which means this bettor would need to come up with some serious money in order to properly hedge this out. There’s no way they’ll be able to get to a genuine big money hedge (ideally, you’d put down $500,000 on the Packers to secure a hefty five-figure payment at worst), but they should at least try to get $6,500 in on Green Bay to ensure a four-figure payoff at worst. They’re still rooting for the Lions at that moment, but they can rest assured that their hard work on Sunday picking every game accurately won’t be in vain.