Rory Mcllroy’s Potential Victory At the Masters Will Cause Huge Losses For Bookmakers
Posted: April 11, 2014
Updated: October 4, 2017
It seems that most neutral golf fans are betting on Rory Mcllroy to win the Masters, which means that bookmakers will lose a lot of money if this scenario comes true at the end of the week.
William Hill, the largest British bookmaker, which operates under UK gambling laws
, is hoping that Mcllroy will take a few more years, before winning this Major tournament.
Possibly the reason for the massive betting support for Mcllroy was the special deal offered by William Hill, which was 14/1 odds on him winning the 2014 Masters.
This is how Rory became a pre-tournament favorite, and since the beginning of the week has dropped to 11/1 and even below on some online sportsbooks in the UK. It seems that if Mcllroy wins, William Hill could lose around $2 million.
Mcllroy’s support
Dave Kelner, member of the broadcast division at William Hill and host of William Hill’s Golf Betting Podcast, commented: “It’s little surprise that McIlroy’s been well backed. But the golf course suits him and his final round in Houston should be a pre-cursor to a big week at Augusta National.”
Mike Grenham, Kelner’s co-host, supported McIlroy on the podcast, placing a three point-bet on him to win.
The other possible “losers” according to William Hill are Sergio Garcia, who dropped from 22/1 to 18/1, and Angel Cabrera, who dropped from 66/1 to 50/1.