Betfred Pays Out Bengals Super Bowl Futures Bets Weeks Before Big Game
Betfred placed a giving bet for its launch in Ohio, and now the sports betting manipulator appears to be double down.
On Wednesday, the British-based companion proclaimed that it would make up out all Super Bowl futures bets on the Cincinnati Bengals. That’s despite the Bengals still needing ane more win to even capture to the game.
The NFL team, Betfred’s partner inward Ohio, plays the Chiefs William Ashley Sunday inward Kaw River City inwards the AFC Championship. If the Bengals win, they would face either the Philadelphia Eagles or the San Francisco 49ers on Feb. 12 inward the prominent game.
I’m so proud to be a sponsor. I’m so proud of(p) and so sure-footed that I’ve decided to make up out on the Bengals to win the Pro Football Championship,” Betfred Founder Fred Done said. “Yeah, you heard it right.”
Betfred paid come out on all Bengals Super Bowl-winning bets placed past 10 am Wednesday.
The sportsbook will still make bets on the Super Bowl. It also has boosted the Bengals odds to +300 from +250 before Sunday’s game, with payouts capped at $10,000 on the boosted odds. Betfred has the Eagles as the favorites at +240, the Chiefs are +275, and the 49ers are usable at +325.
While the companionship is amend known inward its aborigine Great Britain, Betfred is growing its presence inwards the US. Besides Ohio, it’s currently operating inward Arizona, Colorado, Iowa, Louisiana, Maryland, Pennsylvania, and Washington. It’s also seeking a sports betting license inward Nevada.
Bengals Bettors Blitzing Buckeye State Books
Sports betting launched inward Ohio River on Jan. 1, and that coincided with the Bengals decent one of the hottest teams inwards the NFL. The defending AFC Champions won their last eight habitue time of year games and make since won their firstly 2 playoff games.
That course led to the Bengals comely a popular pick. Not simply at Betfred but at some of the other sportsbooks licensed inwards OH as well.
Leading up to finally Sunday’s divisional playoff spunky at Buffalo, Hard Rock Sportsbook saw most of its activeness proceed with the Bengals. Jon Chapper, a senior managing director of communication theory for Hard John Rock Digital, told Casino.org 88% of the pre-game moneyline bets on playoff gamy were on the Bengals, who were an underdog to the Bills. On pre-game paste bets, 79% took the Bengals, who were getting as many as 5.5 points before the contest.
Those figures included wagers made on Hard Rock’s app and its retail sportsbook at Hard John Rock Casino Cincinnati.
The numbers were similar at Betfred for the Bengals-Bills game, and Great Commoner Bennett, Betfred’s COO, told Casino.org that they “definitely took a whacking on that market.” However, presumption the human relationship betwixt Betfred and the team, it also gives them another week of high-pitched exposure for the brand.
Betfred Looking Long-Term inwards Ohio
Betfred is sounding to purchase its human relationship with the Bengals, a squad that had struggled in recent years and for to the highest degree of story but made the Super Bowl for the first off time inwards 33 years endure year. With Ohio ane of the largest states to bid online sports betting, Betfred is focusing on existence the leader in the Cincinnati market.
They desire moves like the i they made Wed will help them hold back their stream customers inwards Ohio River and appeal unexampled ones.
“We’re just with the Bengals to donjon winning,” Bennett told Casino.org on Tuesday night. “Can’t purchase the publicity that comes with beingness able-bodied to raise our relationship with them for two weeks leading upwards to a Super Bowl.”
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