Dave Portnoy Lost Out On $1 Million Through Oilers Bet But Is Trying To Win It Back With A World Series Gamble

Zinger Key Points
  • Dave Portnoy, the founder of Barstool Sports and avid sports gambler, would have won more than $1 million had the Oilers won the Stanley Cup
  • After winning more than a million dollars when the Celtics won the NBA Championship, Portnoy now has a World Series bet to get back on track

Dave Portnoy, the founder of Barstool Sports, is known for betting large sums of money in sporting events.

What Happened: Despite a recent hot streak, including winning nearly $1.5 million when the Boston Celtics won the NBA finals, Portnoy’s luck seemed to run out when he lost a $150,000 bet that would have netted him more than $1 million on the Edmonton Oilers to win the Stanley Cup.

Portnoy seemed undeterred by the loss. He shared a DraftKings Inc DKNG bet slip showing that he placed $200,000 on the Philadelphia Phillies to win the 2024 World Series at +600 odds. That means he would win $1.2 million if the Phillies end up taking home the championship.

Read Also: Portnoy Wins Big With Boston Celtics NBA Championship, Rapper Drake Loses $500K And Could Lose $500K More On NHL Bet

Basically: Barstool, one of the leading sports media companies in the country, partnered with DraftKings after Penn Entertainment PENN sold Barstool back to Portnoy for $1. Penn, which previously ran the Barstool Sports book, now operates the ESPN Bet sports book. 

Past Wins: Portnoy has also netted money by betting on top golfer Scottie Scheffler.

Portnoy had a two-leg parlay of Scheffler winning the RBC Heritage in April and the Celtics to win the NBA Championship.

Scheffler's odds of winning the tournament were more than +500, while the Celtics' odds at the time were around +150. Both legs were victorious and the bet paid out more than $1.5 million in winnings on a $100,000 bet.

Now Read: Portnoy Says Roaring Kitty Made This ‘Tactical Error’ As GameStop Shares Trade Down

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Sports BettingSportsGeneralbaseballDave PortnoyEdmonton OilersHockeyMLBNHLStories That MatterWorld Series
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!