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Betfred Pays Out Bengals Super Bowl Futures Bets Weeks Before Big Game – Casino.org
Posted on: January 25, 2023, 06:17h.
Last up to date on: January 25, 2023, 06:29h.
Betfred positioned a giant guess for its launch in Ohio, and now the sports betting operator seems to be doubling down.
On Wednesday, the British-based firm introduced that it could pay out all Super Bowl futures bets on the Cincinnati Bengals. That’s regardless of the Bengals nonetheless needing one more win to even get to the game.
The NFL group, Betfred’s accomplice in Ohio, performs the Chiefs Sunday in Kansas City within the AFC Championship. If the Bengals win, they might face both the Philadelphia Eagles or the San Francisco 49ers on Feb. 12 within the large game.
I’m so proud to be a sponsor. I’m so happy and so assured that I’ve determined to pay out on the Bengals to win the Pro Football Championship,” Betfred Founder Fred Done stated. “Yeah, you heard it right.”
Betfred paid out on all Bengals Super Bowl-winning bets positioned by 10 am Wednesday.
The sportsbook will nonetheless take bets on the Super Bowl. It additionally has boosted the Bengals odds to +300 from +250 earlier than Sunday’s game, with payouts capped at $10,000 on the boosted odds. Betfred has the Eagles because the favorites at +240, the Chiefs are +275, and the 49ers can be found at +325.
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While the corporate is higher recognized in its native Great Britain, Betfred is rising its presence within the US. Besides Ohio, it’s at the moment working in Arizona, Colorado, Iowa, Louisiana, Maryland, Pennsylvania, and Washington. It’s additionally searching for a sports betting license in Nevada.
Bengals Bettors Blitzing Ohio Books
Sports betting launched in Ohio on Jan. 1, and that coincided with the Bengals changing into one of many hottest groups within the NFL. The defending AFC Champions gained their last eight common season games and have since gained their first two playoff games.
That naturally led to the Bengals changing into a well-liked decide. Not simply at Betfred however at a number of the other sportsbooks licensed in Ohio as nicely.
Leading as much as final Sunday’s divisional playoff game at Buffalo, Hard Rock Sportsbook noticed most of its motion go along with the Bengals. Jon Chapper, a senior director of communications for Hard Rock Digital, advised Casino.org 88% of the pre-game moneyline bets on playoff game have been on the Bengals, who have been an underdog to the Bills. On pre-game unfold bets, 79% took the Bengals, who have been getting as many as 5.5 factors earlier than the competition.
Those figures included wagers made on Hard Rock’s app and its retail sportsbook at Hard Rock Casino Cincinnati.
The numbers have been related at Betfred for the Bengals-Bills game, and Bryan Bennett, Betfred’s COO, advised Casino.org that they “definitely took a beating on that market.” However, given the connection between Betfred and the group, it additionally offers them one other week of high publicity for the model.
Betfred Looking Long-Term in Ohio
Betfred is trying to leverage its relationship with the Bengals, a group that had struggled in recent times and for many of historical past however made the Super Bowl for the primary time in 33 years final yr. With Ohio one of many largest states to offer online sports betting, Betfred is focusing on being the leader within the Cincinnati market.
They hope strikes just like the one they made Wednesday will help them retain their present clients in Ohio and appeal to new ones.
“We’re good with the Bengals to keep winning,” Bennett advised Casino.org on Tuesday evening. “Can’t buy the publicity that comes with being able to promote our relationship with them for two weeks leading up to a Super Bowl.”
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UbetMobile.com Article Base: Betfred Pays Out Bengals Super Bowl Futures Bets Weeks Before Big Game uBetMobile – 2023
British sportsbook Betfred introduced that it’s going to pay out all Super Bowl futures bets made on the Cincinnati Bengals, regardless that the group nonetheless must win one more game with a view to make it to the Super Bowl. Betfred is the official sports betting accomplice of the Bengals, they usually have boosted their odds to +300 with payouts capped at $10,000. This transfer is a part of Betfred’s effort to achieve more publicity and appeal to clients in Ohio, one of many largest states to offer online sports betting. The firm hopes that their relationship with the Bengals will help them retain their present clients and appeal to new ones.
