As Justin Thomas won his second PGA Championship in improbable fashion Sunday, among those not celebrating were Mito Pereira, Will Zalatoris and the sports books.
Here’s a look at how the final round at Southern Hills Country Club in Tulsa, Oklahoma, played out for bettors, with information from FOX Bet.
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Thomas overcame a seven-shot deficit Sunday to beat Will Zalatoris in a three-hole playoff. Per The Athletic, it’s the largest comeback in a major since Paul Lawrie came back from 10 strokes down entering the final round at the 1999 British Open.
RELATED: Thomas captures PGA Championship
This is J.T.’s second PGA Championship win (he won in 2017 at Quail Hollow Club in Charlotte, North Carolina).
Thomas was +1800 at FOX Bet (bet $10 to win $190) going into the tournament and got up to +2800 (bet $10 to win $290) heading into the final round, FOX Bet Sports Trader AJ Devine said. Thomas was -140 (bet $10 to win $17.14) heading into the playoff with Zalatoris.
“J.T. winning was one of the worst results possible for us — he’s always one of the most popular picks with bettors,” Devine explained. “However, we did claw some money back on the derivative markets — top 10, top 20, make/miss cut, etc. Not the worst weekend overall for us.”
As for Pereira’s collapse, he held a three-shot lead going into the final round but dropped into a tie for third place with a double-bogey 6 on the 18th hole. Pereira was listed at +15000 (bet $10 to win $1,510) at FOX Bet heading into the tournament.
Imagine the highs and lows of holding onto a Pereira outright betting ticket on Sunday.
“Pereira would have given us a positive result, but more importantly it would have been a huge story for a 150-1 range dog to win the PGA Championship,” Devine said. “With the tournament going to a playoff, we were able to keep offering odds throughout the head-to-head. Thomas, a -140 favorite vs. Zalatoris at +110, was the more popular pick among bettors, so customers ended the weekend on a high note.”
You have to feel for Mito and his backers, but those are the breaks of the game.
And as always, if you’re ready to make wagers on a sporting event, head over to FOX Bet!
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Golf – PGA – PGA Championship – 5/19/2022