sports

World Cup Books Profit as USA Falls to Belgium

Bookmakers scored a major victory when the USA lost 4-1 to Belgium in the Round of 16, with heavy public betting on the Americans backfiring.

The defeat proved profitable for sportsbooks, with BetMGM calling it "one of the biggest wins we've had for a soccer game in company history." Throughout the tournament, USA supporters flooded books with bets, setting soccer records at Caesars Sports where 81% of money backed the Americans to qualify. A high roller wagered $750,000 on USA to advance, though that ticket went to the books when the U.S. fell. xsportfeed.life

Player prop bets on Folarin Balogun were popular but unsuccessful, while 97.6% of Both Teams To Score handle landed on Yes after just 31 minutes. "It was a bad result for the U.S. but a good result for the book," said BetMGM trading manager Adair Horne.