First-time sports bettor pockets $1.2m cheque for backing Tiger

The Masters

An American man from Wisconsin turned an $85,000 wager into a $1.275 million windfall after deciding to place his first ever sports bet on Tiger Woods winning the Masters.

On Monday, a video circulated online of 39-year-old stockbroker James Adducci picking up his check from bookmaker William Hill at SLS Las Vegas Hotel & Casino.

Adducci told Golf Digest that the 14-1 bet was his first ever sports wager.

He plans to spend the winnings on home improvements and paying off debts while investing the rest.

The net $1.19 million payout was the largest for a single ticket golf bet in the company’s history in the United States.

“Pretty good first bet,” Nick Bogdanovich, William Hill’s U.S. director of trading, told ESPN.

“It’s great to see Tiger back. It’s a painful day for William Hill — our biggest loss ever — but a great day for golf.”

According to ESPN, several bookmakers were feeling the pinch after Woods’ win on Sunday. SuperBook at Westgate Las Vegas had a “high five-figure” net loss on its Masters futures and offshore sportsbook BetOnline.ag said the surprise win produced the company’s biggest loss on a futures market.