Bookies Win Millions, Bettors Lose on Bad Steelers Call
An Estimated $64 Million Swing in Favor of Bookies
Las Vegas (November 16, 2008) The Pittsburgh Steelers were 5 point favorites over the San Diego Chargers on Sunday. As time expired, the Steelers scored a touchdown to put them up by 7, with the extra point pending. Then came a video review. The official initially announced the ruling on the field was upheld and the touchdown counted. But the officiating crew huddled again and changed the call taking the points off the board without explanation. The game was ended with Pittsburgh the 11 to 10 winner. Pittsburgh bettors lost. After the game, the official admitted that a mistake was made, and the touchdown should have counted.
An estimated 100 million dollars was wagered worldwide on the Pittsburgh/San Diego game, according to RJ Bell of Pregame.com. Approximately 66% of that money was on the Steelers; with only 34% on the Chargers.
If the touchdown was properly upheld, Steelers bettors would have won about 32 million dollars instead of losing big. This admittedly incorrect call resulted in a 64 million dollar swing in favor of the bookies. said RJ Bell of Pregame.com.
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About RJ Bell of Pregame.com
RJ Bell, president of http://Pregame.com, has been featured on CBS News with Katie Couric, ABC News with Charles Gibson, Nightline, Sportscenter, Outside the Lines (ESPN), First Take (ESPN2), ESPN.com, ESPN National Radio, Yahoo, AOL.com, CNN.com and in Wall Street Journal, USA Today, Associated Press, Sports Illustrated, LA Times, Newsweek.com, Maxim, and Forbes.
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