One whale got burned by Arch Manning and Texas on Saturday.
A Caesars Sportsbook bettor wagered $1 million on the Longhorns to take down Ohio State in what was the biggest known wager of the early college football season.
That money went ka-poof in just 60 minutes of action.
As slight underdogs at most major sportsbooks, Texas lost, 14-7, during a miserable performance from Manning and the Longhorns’ offense.
The bet would’ve won the unknown sports gambler $952,380.95.
While it’s always a team effort, Longhorns fans are mostly pointing the finger at Manning, who was underwhelming at best in his first week as Texas’ starting quarterback.
Manning went 17-for-30, throwing for 170 yards, one touchdown and one interception during the loss.
Most of those yards came as the Longhorns desperately tried to get back in the game after falling down 14-0.
The Heisman Trophy hopeful and potential No. 1 overall pick had fewer than 30 passing yards at the half.
Texas was popular among sports bettors heading into the contest.
The Longhorns received the most money and bets among all Top 25 games on Saturday at BetMGM Sportsbook.
About two-thirds of the handle at BetMGM was on Texas to cover the spread.
Betting on College Football?
Texas was a pre-season favorite to win the national championship, but have fallen all the way to fourth on the odds board at FanDuel Sportsbook after ugly loss in Columbus.
Manning, who was the preseason Heisman favorite, now has the third-best odds to win the award behind Clemson quarterback Cade Klubnik and LSU quarterback Garrett Nussmeier, who are both +700.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
