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

Dollar Holds as Central Bank Warns US Rates Could Push It Higher

The dollar has eased from its early-October high, but Central Bank President Róger Madrigal warns a widening US rate gap could lift it again.

Costa Rica Concert Producers Arrested in $850,000 Money Laundering Probe

Two well-known Costa Rican concert producers were among 18 people arrested Wednesday in a money laundering investigation into whether an alleged drug trafficking organization...

Costa Rica Red Cross Considers Ending Overnight Shifts at 20 Branches

The Costa Rican Red Cross is considering eliminating overnight shifts at 20 local branches as financial pressure continues to affect its emergency-response network. The...

Costa Rica Hotel Project Faces Environmental Damage Allegations

A criminal complaint alleges impacts on waterways, protected areas and forest cover at a luxury hotel project in Manuel Antonio, including sediment runoff toward Playa La Vaca. The developer disputes the accusations and says it has complied with environmental requirements.

Costa Rica Authorities Find Dock Inside Protected Río Tárcoles Area

Environmental authorities are preparing legal action after inspectors found a long walkway, dock and floating platform extending into a protected area along the Río...

Southwest Adds Austin and Nashville Flights to Costa Rica

Southwest Airlines is expanding its service to Costa Rica’s Guanacaste province with new and extended nonstop flights from Austin and Nashville for the summer...

Bukele and Colombia’s President Expected at Costa Rica Prison Opening

Salvadoran President Nayib Bukele and Colombian President Abelardo de la Espriella are expected to attend the Oct. 14 inauguration of Costa Rica's new maximum-security...

World’s First All-Inclusive JW Marriott Opens in Guanacaste

Costa Rica is now home to the world's first all-inclusive JW Marriott. The JW Marriott Costa Elena Resort & Spa has opened at Playa...

Costa Rica Beats Haiti 2-0 as Bryan Ruiz Finishes Interim Run Unbeaten

Costa Rica beat Haiti 2-0 last night at Estadio Ricardo Saprissa, closing its Concacaf Nations League group stage with a second consecutive victory under...
Loading…

Latest News from Costa Rica

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