An Illinois bettor raked in $1.1 million thanks to Collin Morikawa’s Workday Charity Open win.
A man, who goes by “Cashout King” on Twitter, placed a series of bets at BetRivers Illinois over the weekend, and he lived up to the self-given name. He won more than $900,000 on Morikawa-specific bets alone and earned the rest thanks to UFC 251 and La Liga winners.
Collin Morikawa is my HERO
What a fucking rush
What a fucking day
Love you all pic.twitter.com/CXljyxLisP
— Cashout King (@CashoutKingJ) July 12, 2020
He notched a massive win on July 9, placing $4,000 on Morikawa to top the leaderboard after Round One at +5,000 odds. Morikawa shot a 6-under 65 on the day.
That bet netted $204,000, and it was only the beginning of a ridiculous hot streak.
Morikawa’s outright win was the biggest hit, as “Cashout King” risked $10,000 to win $290,000. It was the first PGA Tour victory of Morikawa’s career, as he outlasted Justin Thomas in the Sunday playoff. Thomas was the betting favorite going into the event.
Richard Schwartz, president of Rush Street Interactive, which operates BetRivers.com, said:
“This is the biggest payout ever at the newly launched BetRivers.com in Illinois and in fact at all BetRivers.com sportsbooks which are also live in Pennsylvania, Indiana and Colorado.”
The BetRivers mobile sportsbook has been live in Illinois for less than a month. As of now, it’s the only online sportsbook in Illinois.
Reduced limits going forward
The huge payday may earn BetRivers long-term publicity. But it could be a gut-punch in the short term, as one veteran oddsmaker noted on Twitter shortly thereafter:
It’s all fun and games for the book until this happens…
Expect to see drastically reduced limits going forward…
Gonna take awhile to recoup those numbers… https://t.co/4RBlc4hFHg
— Sportsbook Consigliere (@SportsbkConsig) July 12, 2020
As we’re set to embark on a loaded late-July sports calendar, it will be fascinating to see how this affects BetRivers’ limits (if at all).
The Memorial, which starts on July 16, is the PGA Tour’s next scheduled event, and Tiger Woods will make his 2020 tour debut.
‘King’ won as much as Morikawa
That’s right; the “Cashout King” won as much money on the weekend as Morikawa did.
Here were the top five winners from the Workday Charity Open:
- Collin Morikawa ($1,116,000)
- Justin Thomas ($675,800)
- Viktor Hovland ($427,800)
- Chase Seiffert ($303,800)
- Gary Woodland ($254,200)
Of course, Morikawa wasn’t responsible for the entire $1.1 million betting win, but the point remains. “Cashout King” had a weekend that’s a bettor’s dream.
With that said, bets like these are far more likely to lose than they are to win; however, the losers don’t make headlines. Consider this as a friendly reminder to bet responsibly.
Golf betting drawing solid interest for BetRivers
Golf has been a primary driver for BetRivers during the pandemic.
The Workday Charity Open accounted for 29% of the book’s Sunday action across all states. On July 5, the Rocket Mortgage Classic was the state’s most popular betting event.
As expected, UFC 251 was a betting hit for sportsbooks over the weekend. BetRivers says that it was “by far” its largest UFC event of all time, shattering UFC 249. It cites the launch of BetRivers Illinois as a big reason why.