PGA odds: How Justin Thomas' PGA Championship finish impacted gamblers
As Justin Thomas won his second PGA Championship in improbable fashion Sunday, among those not celebrating were Mito Pereira, Will Zalatoris and the sports books.
Here's a look at how the final round at Southern Hills Country Club in Tulsa, Oklahoma, played out for bettors, with information from FOX Bet.
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Thomas overcame a seven-shot deficit Sunday to beat Will Zalatoris in a three-hole playoff. Per The Athletic, it's the largest comeback in a major since Paul Lawrie came back from 10 strokes down entering the final round at the 1999 British Open.
RELATED: Thomas captures PGA Championship
This is J.T.'s second PGA Championship win (he won in 2017 at Quail Hollow Club in Charlotte, North Carolina).
Thomas was +1800 at FOX Bet (bet $10 to win $190) going into the tournament and got up to +2800 (bet $10 to win $290) heading into the final round, FOX Bet Sports Trader AJ Devine said. Thomas was -140 (bet $10 to win $17.14) heading into the playoff with Zalatoris.
"J.T. winning was one of the worst results possible for us — he’s always one of the most popular picks with bettors," Devine explained. "However, we did claw some money back on the derivative markets — top 10, top 20, make/miss cut, etc. Not the worst weekend overall for us."
As for Pereira's collapse, he held a three-shot lead going into the final round but dropped into a tie for third place with a double-bogey 6 on the 18th hole. Pereira was listed at +15000 (bet $10 to win $1,510) at FOX Bet heading into the tournament.
Imagine the highs and lows of holding onto a Pereira outright betting ticket on Sunday.
"Pereira would have given us a positive result, but more importantly it would have been a huge story for a 150-1 range dog to win the PGA Championship," Devine said. "With the tournament going to a playoff, we were able to keep offering odds throughout the head-to-head. Thomas, a -140 favorite vs. Zalatoris at +110, was the more popular pick among bettors, so customers ended the weekend on a high note."
You have to feel for Mito and his backers, but those are the breaks of the game.
And as always, if you're ready to make wagers on a sporting event, head over to FOX Bet!
