NBA Bet Turns $166 Into Nearly $1M Payday For Bettor: Here's What The Bet Was, How LeBron James Factored In
Portfolio Pulse from Chris Katje
A bettor won nearly $1 million from a $166 wager on a 19-leg same game parlay with DraftKings Inc (NASDAQ:DKNG) during an NBA game between the Los Angeles Lakers and Utah Jazz. The game, aired on TNT, a unit of Warner Bros. Discovery (NASDAQ:WBD), ended with the Lakers winning 131-99. The parlay included various player and team performance predictions, with the odds of the bet cashing at around 0.02%. DraftKings highlighted the win after the bettor's successful prediction of multiple outcomes, including points and rebounds for players like LeBron James and Anthony Davis.
November 27, 2023 | 8:01 pm
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POSITIVE IMPACT
DraftKings Inc. gained attention after a bettor won nearly $1 million on a 19-leg parlay. The event showcases the potential high payouts of sports betting, which could attract more customers to the platform.
The news of a bettor winning a large sum on a parlay bet with DraftKings could positively impact the company's stock in the short term by highlighting the potential for large payouts, which may attract new customers and increase betting activity on the platform.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Warner Bros. Discovery, which owns TNT where the Lakers vs. Jazz game was aired, is mentioned in the context of the bet. However, the impact on WBD's stock is likely to be minimal as the news is more focused on the betting aspect and DraftKings.
While the game was aired on TNT, a unit of Warner Bros. Discovery, the connection to the bet and the subsequent win is tangential and unlikely to have a significant direct impact on WBD's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30