BetOnline overwhelmed by bets on Negreanu over Hellmuth

Jon Pill
Jon Pill
Posted on: February 17, 2021 04:49 PST

BetOnline had to shut down their book on the upcoming Phil Hellmuth v. Daniel Negreanu heads-up match after posting a Tweet listing Hellmuth as the favorite. With long odds on Negreanu, the poker community couldn't give BetOnline their money fast enough.

Within two hours they had locked the Negreanu line. They just couldn't keep up with the volume of money people put down on DNegs to win. This isn't surprising. The Fed doesn't print enough money to keep up with the demand for a bet that good.

BetOnline's odds were Hellmuth at -150 (or 1.67) and Negreanu at +110 (or 2.1). By the time they pulled the plug on Negreanu's side of the bet, he was the -225 favorite.

Whether the confidence in Daniel is justified or not, it shouldn't have been hard to guess which way the market would bet. We just watched Daniel Negreanu spend six months honing his heads-up game to a razor-sharp edge. Hellmuth's big heads-up success, on the other hand, was taking down three heads-up sit-and-goes against Antonio Esfandiari.