Rather than try to find value, many bettors went for the near sure payoff with 28.7% of money going to Verstappen, the most in the 20-driver field. He opened at minus-350 at that sportsbook, and the number moved down throughout the week before finally reaching minus-185.
One BetMGM bettor wagered $200,000 at minus-200 to win $100,000 when Verstappen cruised past the start/finish line. Verstappen, who has won three series championships in a row, took the lead with 13 laps left to win for an 18th time this season. Westgate Las Vegas and Red Rock Resort reported on Saturday this race was the most-bet Formula One event at those sportsbooks.įormula One's most expensive and hyped race that included the lure of drivers competing on the famed Las Vegas Strip drove the betting action. Trading manager Seamus Magee said BetMGM took three times the number of betsthan any other F1 race. LAS VEGAS (AP) - The Las Vegas Grand Prix, which Max Verstappen won Saturday night, blew past BetMGM betting handles for previous Formula One races.
