The Las Vegas Grand Prix in Las Vegas on Saturday was the most wagered-on Formula One race in BetMGM history, company officials said this morning.
One bettor risked $200,000 on Max Verstappen to win the race, collecting $100,000 for his first-place finish on the Las Vegas Strip.
Verstappen, who won for the 18th time this season, opened as a minus-350 betting favorite. After Verstappen complained during the week about racing what he labeled as an exhibition in Las Vegas, the market reduced to minus-200.
“The sportsbook took three times the number of bets on the race than any previous contest,” Seamus Magee, trading manager of BetMGM, said in a statement. BetMGM operates in 26 markets.