Heartbreaker for sports bettors; What killed Tony Hsieh?

A last-second Carson Wentz Hail Mary pass and an ensuing two-point conversion didn’t enable the Philadelphia Eagles to catch the Seattle Seahawks but it ruined the evening for 91% of bettors, who expected Seattle to cover the 6.5-point spread. Instead it eked out a six-point win, great for Seattle but disastrous for those for whom it’s not whether you win or lose but did you cover the spread? This so-called “backdoor cover” was a bonanza for sports books, although we’ve yet to see a dollar amount for the epochal bad beat. As Sports Illustrated‘s Jimmy Traina put it, “A completely unwatchable game still had millions of people hanging around at the end because of one thing and one thing only: the point spread.”

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