Bettor Sells Brock Purdy NFL MVP Futures Ticket 💰

[Wagerallsports]

Bettor sells Brock Purdy NFL MVP ticket for record price​

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A bettor made $125,000 from a wager without ever cashing the ticket.

The unidentified gambler sold their $2,000 bet to win $200,000 (100-1) on Brock Purdy to win the NFL MVP award on PropSwap for $125,000.

The 49ers quarterback is the odds-on -200 favorite at the Westgate SuperBook and as high as -235 elsewhere.

The buyer on PropSwap, an online secondary market for active sports bets, is paying $125,000 to collect $202,000, which equates to odds of -162.

“The price of -162 is truly the best in the world on this bet,” PropSwap co-founder Luke Pergande said in a text message. “Not to mention, many books not allowing for a wager this large to be placed on the event, with this few games remaining.

“The seller has turned $2,000 into $125,000 with three games to go on the Niners schedule. We’re happy to assist both sides of this transaction in a favorable outcome.”

The previous record sale on PropSwap (@PropSwap) was $57,000 paid by sports media personalities “Cousin Sal” Iacono and Clay Travis for an $8,000 wager to win $160,000 (20-1) on the Saints to win the 2019 Super Bowl.

Sportsbooks are on the hook for seven figures if Purdy wins the award. The final pick of the 2022 NFL draft, aka Mr. Irrelevant, Purdy is the largest liability at Caesars Sportsbook, which took wagers on him of $75,000 to win $412,500 (+550) and $25,000 to win $250,000 (10-1), among others.

 

[jjgold]

The guy got ripped off. He’s basically a shoe in

 

[quantumleap]

I think I would do the same thing if I held a ticket like that.

 

[Stallion]

You never know what could happen, he took the sure thing.

 

[JDS]

This is like the green & red button thread from digger but on a lower scale.

 

[BigJay]

Was Purdy really 100/1 before the season?

He got a really good number

 

[fishhead]

The guy got ripped off. He’s basically a shoe in

THIS

GL GOLD

 

[Archie]

how much does the site get?

 

[theriver55]

how much does the site get?

if Purdy wins 75K profit I would assume.

 

[BigJay]

if Purdy wins 75K profit I would assume.

how much does the site get?

The site was just the middle man. They just get a percentage of the sale from both sides probably. Another bettor or speculator bought the ticket

 

[Archie]

if Purdy wins 75K profit I would assume.

what?

that would make no sense.

the guy buying ticket isn't paying 125 to win back his money

 

[theriver55]

The site was just the middle man. They just get a percentage of the sale from both sides probably. Another bettor or speculator bought the ticket

OK I misunderstood. thx for the clarification.

 

[theriver55]

what?

that would make no sense.

the guy buying ticket isn't paying 125 to win back his money

does it not pay 200K though if Purdy wins? he paid 125K for the rights to the ticket.

 

[Archie]

seems like proswap even sweetens deal for buyer to win 202k instead of 200. so how much big do they take from seller

 

[Archie]

does it not pay 200K though if Purdy wins? he paid 125K for the rights to the ticket.

it wouldnt pay 200 if proswap took 75k out of it for commission

 

[theriver55]

it wouldnt pay 200 if proswap took 75k out of it for commission

ok yeah I am confused here with the write up my bad. I think Jay is right here.

 

[Archie]

yeah the pro swap site isn't doing this for free out of goodness of their heart. just trying to ask what their vig on transaction is

 

[danielesp]

Didn't know about that site, will take a look. If you don't hate variance, it can be a good way to make money.

Can anyone just collect a random ticket? I assumed bets that large would only be able to be collected by the person who made it (for security and tax purposes). Also, I guess it would be a nightmare if the bet was placed online.

 

[danielesp]

yeah the pro swap site isn't doing this for free out of goodness of their heart. just trying to ask what their vig on transaction is

I just looked, it is 10% commission

 

[KVB]

Didn't know about that site, will take a look. If you don't hate variance, it can be a good way to make money.

Can anyone just collect a random ticket? I assumed bets that large would only be able to be collected by the person who made it (for security and tax purposes). Also, I guess it would be a nightmare if the bet was placed online.

Licenesed US sportsbooks only, no offshore tickets.

Both Nevada and Illinois are not allowed either.

PropSwap can reject any ticket offered to them for the site.

For the buyer, you will get the hard ticket and can go to the origianl sportsbooks or mail in to collect.

You can be a buyer from non legal states, like California.

They do not tell you where the ticket is from, it's not disclosed.

So much is done over the mail and if there was something "lost" then PropSwap can actually contact the originating book and put the bet on hold.