CALIFORNIA
Check out the new California section
Sports

Longshot Orioles could cost one offshore betting site six figures if they win AL East

Baltimore OriolesSportsAmerican League EastWorld SeriesBaseballHouston AstrosNew York Yankees

BOSTON -- If the Orioles manage to win the American League East, they could cost one sports betting website hundreds of thousands of dollars.

When offshore online sportsbook Bovada.lv released it’s the season-opening odds in late March, the Orioles were 100-to-1 longshots to win the division.

The Orioles -- who entered Friday’s series opener in Boston one game behind the division-leading Yankees with 13 games remaining in the regular season – had more favorable 11-to-5 odds to win the AL East as of Friday afternoon.

But if someone placed a modest $20 bet for the Orioles to win the division on Opening Day, they could be looking at a cool $2,000.

According to Kevin Bradley, the sportsbook manager at Bovada.lv, enough bettors took the Orioles to win the division that that his website would take a serious financial hit.

“There are some bettors who have them locked in at 150-to-1 or 100-to-1 for the World Series, but not enough that it would be a big loss for the book,” Bradley said. “However, the O’s opened at 100-to-1 to win the AL East and that is a six-figure loss for us.”

The Orioles opened the season with 150-to-1 odds of winning the World Series. Only the Houston Astros, who were 200-to-1, were bigger longshots. Those odds shrunk to 15-to-1 as of Friday afternoon. The Orioles were also the biggest longshot of winning the AL pennant (75-to-1 odds) on Opening Day. Now, the Orioles have 7-to-1 odds of winning the pennant.

“Baltimore opened the season at 150-to-1 [to win the World Series] but after playing as well as they did found themselves hovering around 30- to 40-to-1 midway through the season,” Bradley said. “They did start slumping and crept back up to 100-to-1, but now have a legitimate shot to make the playoffs, in what I would say would be one of biggest pre-season long shots to make the playoffs that I can remember.”

Copyright © 2014, Los Angeles Times
Related Content
Baltimore OriolesSportsAmerican League EastWorld SeriesBaseballHouston AstrosNew York Yankees
Comments
Loading