Caesars Sportsbook Could Lose Nearly $1 Million on One Bet If Shohei Ohtani Wins MVP

A Caesars Sportsbook in Nevada could lose nearly $1 million for just one bettor if Angel of Los Angeles pitcher / designated hitter Shohei Ohtani won the American League MVP Award. On March 19, a Nevada bookmaker placed a $30,000 bet on Ohtani to win the prize at odds of 30/1.

Ohtani made it to the final round of the American League MVP Awards along with Toronto Blue Jays first warrior Vladimir Guerrero Jr. and shortstops Marcus Semien.

If Ohtani actually wins the prize, the bettor wins $900,000.

“That would be the biggest loss on that type of market ever,” said William Hill (now Caesars Sportsbook) assistant trading manager Adam Pullen. told ESPN. “It becomes a line item, when you see prize betting and a big minus.”

In February, Angels slugger / pitcher open 60/1 odds to win MVP and have some significant profit. There are more bets on Ohtani to win the prize than any other player on the majority of sportsbooks.

At the end of June, Ohtani became a favorite and was listed at -5000 odds at BetMGM by the time August started.

It certainly seems a foregone conclusion that Ohtani will win the American League MVP Award when it is announced Thursday night. After all, the Angels star scored 46 home runs and beat in 100 runs while also recording a 9-2 record for a 3.18 ERA on the mound.