In a bold move that’s raising eyebrows across sports betting circles, a high-stakes gambler has placed a bet of $100,000 on the Super Bowl’s coin toss outcome, choosing ‘tails’ to win next weekend. This bet was made at Caesars Sportsbook and comes with odds of -105, potentially earning the bettor a profit of $95,238.10 if successful.
The Super Bowl coin toss bet, often seen as a game of chance, is notably one of few straight 50-50 wagers provided by some sportsbooks with no vig—meaning neither side has a pricing advantage. For instance, DraftKings is currently offering even odds at +100 for both heads and tails.
In contrast, other sportsbooks, feeling the market’s pulse, have adjusted their offerings. Circa Sportsbook, renowned for its sharp lines, has set the odds at -104 for heads and -103 for tails following substantial early bets on heads.
These odds are likely to change as the Super Bowl draws closer, incentivizing bettors to lock in closer to +100 odds to capitalize on this unique wager.
Historically, ‘heads’ has appeared only three times in the last decade of Super Bowls, suggesting a trend that might lead some to speculate on its likelihood in the upcoming game. Even though betting on such an unpredictable event as a coin toss might seem trivial to some, sportsbooks are enhancing the attraction of this wager with incentives like reward points and hotel comps, making it an appealing option for bettors seeking value.
As the excitement builds for the 2024 Super Bowl, this hefty $100,000 coin toss bet serves as a reminder of the vast array of betting opportunities available, some of which come with the potential to turn a seemingly simple game of chance into a lucrative event.
