Detroit Pistons Break Losing Streak Record: Here's How Much You Could Have Made Betting On 27 Straight Losses
Portfolio Pulse from Chris Katje
The Detroit Pistons set an NBA record with 27 consecutive losses, the worst start in the league at 2-28. Despite Cade Cunningham's strong performance, the team's losing streak has become a major story. Betting against the Pistons could have turned a $100 bet into $789,995.95. DraftKings Inc (NASDAQ:DKNG) has set the Pistons' season win total over/under at 9.5 and offers bets on their next win, with a bettor placing a $40 wager on the Pistons not winning another game at +100,000 odds.
December 27, 2023 | 8:10 pm
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DraftKings Inc (NASDAQ:DKNG) is offering betting options on the Detroit Pistons' season, including over/under win totals and wagers on their next victory. A notable bet includes a $40 wager on the Pistons not winning another game with a potential $40,000 payout.
While the article highlights the betting aspect of the Pistons' losing streak, it does not provide specific financial data or performance indicators for DraftKings Inc that would suggest a direct impact on the stock price. The mention of betting activity may generate interest in DKNG's offerings but is unlikely to have a significant short-term impact on the stock.
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