FanDuel is already paying out all national championship bets on Alabama
The College Football Playoff field hasn’t officially been determined yet and the championship game is still over one month away. But if you bet on Alabama to win the national championship, you’re already a winner.
FanDuel announced on Friday night that it is considering the Crimson Tide the national champions already, and is paying out any single-game bets to customers who placed the bet online, according to the Associated Press.
If a customer placed the bet in person, they can redeem the bet at the location where they initially placed it. Alabama is also considered a winner in any parlay bet that was dependent on it winning.
For the bet to be considered a winner, though, it had to have been placed by 5 p.m. ET on Friday. The move, FanDuel said, could cost it up to $400,000.
“It has been a dominant season for the Crimson Tide and our traders have seen enough,” FanDuel said in a statement on Friday.
If another team ends up winning the championship, FanDuel said it will also pay out those bets.
Not only is it a solid publicity move, especially with sports betting rapidly growing in the United States, FanDuel said this was simply a way to reward customers who placed the bets early on. The Crimson Tide opened as a 2-1 favorite to win the title, per the report. They are now listed at -280, making them heavy favorites to win.
“It’s a way to reward our customers for betting on Alabama when the odds were really hard to make any money doing it,” FanDuel spokesman Kevin Hennessy told the Associated Press.
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