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Current DateTime: 07:51:22 10 Feb 2012
LinksList Documentid: 23279670
Expiration DateTime: 2/10/2012 7:54:30 AM

SPORTS BIZ SLIDESHOWS

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Current DateTime: 07:51:22 10 Feb 2012
LinksList Documentid: 37998722

DARREN ROVELL'S SPORTS INDEX

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ABOUT SPORTS BIZ

Darren Rovell brings you his unique take on the business of sports: a multi-billion dollar global industry and obsession full of personalities and products. On Sports Biz, Darren will give you his up-to-date take on everything from salaries to endorsement deals to marketing and promotions, trades and tirades – in short, everything that makes sports so exciting.

Sportsbook Bets Against The Lakers

Published: Tuesday, 14 Apr 2009 | 2:15 PM ET
Text Size
By: Darren Rovell
Sports Business Reporter

Los Angeles Lakers
CNBC.com
Los Angeles Lakers

This might be the craziest sentence you'll read all day:

ONLINE SPORTSBOOK IS BETTING AGAINST THE LOS ANGELES LAKERS.

What am I talking about?  I just got information that Bodoglife.com is actually taking a stand by saying that they are so sure that the Lakers won't win the championship, that if they do, they'll refund your money.

Yes, you read that right.

But I'll repeat it again.

From now until the start of the playoffs (this Saturday at 3 p.m. ET), if you place a bet on any other team but the Lakers, and your team doesn't win, but the Lakers do, you're still good.

You'll get your money back.

“In all my years in the business I’m not aware of any sportsbook that has ever taken a side, especially against a favorite such as this years’ Lakers to win the NBA Championship," said Bodoglife.com sportsbook manager Richard Gardner. "However, I just could not resist the temptation to take a stand, especially since the general public is betting the Lakers down to even money. The Cavs are clearly playing better basketball than the Lakers and if the Celtics can get healthy by the semifinals, they can handle the Lakers as well.”

Update: The maximum bet is $600 and Bodoglife.com will refund up to $50. Even still, there's at least seven figures on the line here if the Lakers win.

Questions?  Comments? 

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