HomeTopicsBusinessWhat gamblers really won betting on Costa Rica

What gamblers really won betting on Costa Rica

For La Sele fans Costa Rica’s 3-1 win over Uruguay was a miracle, but for gamblers willing to take a risk on a long shot Costa Rica’s victory could have been a life changer.

According to OddsShark.com, on average sportsbooks set the odds of a Costa Rica win at +800, or slightly over 11 percent. At these odds, people who hedged their bets on a triumph for Costa Rica would have recouped eight times their investment.

After the game, rumors based on a fake story from a Costa Rica blog spread across the Internet saying that several gamblers won millions in Vegas betting on the exact score, but in truth sports books received very few bets on either side of the Costa Rica and Uruguay game.

The Tico Times interviewed representatives from two Costa Rica-based sports books, both chose to remain anonymous. According to the experts, Costa Rica and Uruguay’s general betting volume is lower than that of other countries, and the skewed odds deterred most of their customers from betting on the game at all, let alone placing large bets. The same is true of large international sports books.

According to Lee Phelps, a television and radio presenter with UK-based William Hill, one of the world’s largest  bookmakers, most of the company’s bets came in from Japan. The largest bet on Costa Rica came from a Russian who put €250 on Costa Rica at 15:2 odds and took home €1,875.

Trending Now

Keylor Navas Returns as Bryan Ruiz Names First Costa Rica Squad

Keylor Navas returns as interim coach Bryan Ruiz names his first Costa Rica squad for Nations League matches against Nicaragua and Haiti.

Costa Rica Opens Modern Pier at Historic San Lucas Island

Visitors to San Lucas Island National Park now have an easier way to get ashore after Costa Rica opened a new tourist pier at...

Argentina’s Nadia Podoroska’s Comeback Gains Momentum in São Paulo

Nadia Podoroska’s return to professional tennis has moved well beyond simply testing whether her body could handle competition again. Six months after returning from...

Costa Rica Turns to Bryan Ruiz After Firing Fernando Batista

Former Costa Rica captain Bryan Ruiz will take temporary charge of the national team after the Costa Rican Football Federation fired Argentine coach Fernando...

Costa Rica beats Nicaragua 3-0 as Bryan Ruiz wins debut on the bench

Costa Rica finally had something to celebrate last night as La Sele defeated Nicaragua 3-0 in Managua, giving Bryan Ruiz a victory in his...

Polarization in Costa Rica is Rooted in Ancient History

At the University of Oxford, we have been helping to build a vast database of world history capable of explaining why some civilizations grow...

Costa Rica Braces for Afternoon Storms as Tropical Wave No. 48 Arrives

Tropical Wave No. 48 is expected to cross Costa Rica today bringing a greater chance of afternoon downpours and thunderstorms as already wet areas...

Rebeca Grynspan Strengthens Lead in Race for UN Secretary-General

Costa Rican Rebeca Grynspan topped an informal United Nations Security Council vote for the third time on Tuesday, in what appears to be growing...

Costa Rica Plans to Spread El Niño Power Costs Over Three Years of Bills

A government directive proposes recovering the extra cost of generating electricity during El Niño through rates over 36 months to avoid abrupt increases.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel