One of the most effective strategies in sports betting is bankroll management. Novice bettors are advised to play conservatively with a bankroll as they progress up the ladder. In other words, you should place the smallest possible bets as you learn the trick of successful betting.
For some people, betting conservatively can limit your chances of a big payout, especially if luck comes knocking on your door. But that’s not the case with the success stories in this article, where lucky bettors won massive amounts with $1 bets.
Since the United States legalized sports betting in 2018, the industry has created multiple winners in several states. A good example is the case of three unnamed bettors in Pennsylvania, United States, who won over $130,000 from a mere 50 cents bet.
This win happened on one of the leading regulated sports betting sites on January 13, 2022, and the bet was a 6-leg first-basket scorer parlay. The bet slip had long odds of +26056700, meaning the players would have won $26 million with a $100 bet.
In March 2023, the dream of one UFC bettor finally came true after winning a $399,472 payout from a 6-fighter parlay. The bettor neatly arranged a 6-round parlay slip at an anonymous bookie, ending up with long odds of +39947171.
Ideally, this is one of those scenarios all casual bettors hope for – turning a $1 bet into nearly half a million. But it’s vital to remember that these are rare occasions, especially with parlay bets, where a single loss can eliminate you from the payout.
It seems like parlay bets are working magically in the United States. An anonymous bettor recently won $31,800 after placing a massive 16-leg parlay wager at one of the local sportsbooks. The lucky bettor only needed a $1 wager to claim the entire slate.
The story of Samuel Abisai is one of the most inspiring in the world of sports betting. In 2017, this bettor placed a Ksh200 bet on a 10-leg parlay jackpot at one of the local betting sites in Kenya. Surprisingly, Abisai got all the legs right to win Ksh221 million.
Going by the current conversion rates between US and Kenyan Shillings, Abisai’s stake was slightly over $1.5. Even more surprising is that the bettor's claims of losing only $10 since he started betting a year earlier.