Australian Open Betting. Punter Risked $50,000 to make $500
One ballsy punter put them on the line with a massive $50,000 bet that Novak Djokovic ($1.01) would beat Argentina’s Leonardo Mayer ($17) to make a measley $500.
Luckily for the punter Djokovic who was paying $1.01 with Sportingbet had a trouble free straight sets match and has advanced to the third round of the Australian Open.
I made a few quick calculations and it would take aprox 4 months with $50,000 in the bank at 4% to make $500 after tax so bets like these are defiantly an interesting way to make money. Its costing the punter around $5.50 per day not having the funds in his own bank account earning interest so unless he cashes out asap his $500 in winnings is slowly looking more and more undesirable.
Australian Open betting has become a massive market of the last few year in Australia and bets like this are becoming more occurrent especially at the start of tennis tournaments when the odds are usually always short.
Sportingbet has some great tennis free bets running at the moment including their new signup free bet offer giving new punters $250 in free bets. See the Sportingbet site here for more info on this offer or to join Sportingbet.
Sportingbet is one of the leading tennis bookmakers and have a huge range of Australian Open betting not only for all the grand slams but also the challenger matches.
To see the full draw for the Australian Open and more info on the grand slam see the Australian Open site here.