With just four holes to play, Adam Scott was considered such a lock to win the Open Championship that sportsbooks around the world were offering -7000 odds on the Aussie.
That meant if a gambler wanted to back Scott financially on the 15th tee, he would have to gamble $7,000 to win $100. Then the final four happened, once again reaffirming there is no such thing as a sure thing in sports.
Costa Rica-based sportsbook SportsBettingOnline, however, is refunding all money laid on Scott at any point for the Open Championship.
Why do it? Quite simply, hardly anyone backed Scott, even with a seemingly bulletproof lead.
"With so many of the favorites including Woods not cashing, it was a good day for sportsbooks. But that wasn’t the case for those who dropped money on Scott,” stated Dave Johnson, head oddsmaker for SportsBettingOnline. “We feel it’s our duty to refund the players for taking such a bad beat. His collapse was historic and we know the bettors who had him must feel as awful as he does.”
Scott began the week at 45-to-1, a reasonable gamble considering his pedigree. By the time he reached the 69th hole at Lytham, the price was 1-to-70.