sports

Bookmakers Profit as USA Exits World Cup

The USA's 4-1 defeat to Belgium in the Round of 16 proved profitable for bookmakers as heavy betting on the US team backfired.

The USA's elimination from the World Cup resulted in significant wins for bookmakers, with BetMGM calling it "one of the biggest wins we've had for a soccer game in company history." Caesars Sports reported 81% of money and 78% of handle backed the USA to qualify, while a single $750,000 bet on the US to advance at Circa Sports also went to the house.

Despite the public backing for the Americans, bookmakers clawed back substantial funds. Player prop bets on Folarin Balogun were popular but unsuccessful, though bettors did win on the "Both Teams To Score" market with 97.6% backing "Yes" after Belgium scored in the 31st minute. beltedkingfisher.blog