Big Betting Losses Suffered After Raiders Upset Ravens on MNF

Raiders Vs Ravens Background

  • The Las Vegas Raiders scored a betting upset when they defeated the Baltimore Ravens 33-27 on Monday Night Football.
  • Huge betting losses were suffered by Baltimore backers, including a $250K and $100K bets at the Caesars Sportsbook.
  • Betting underdogs were 9-7 SU and a record 12-4 ATS in the opening week of the 2021 NFL season.

Losing J.K. Dobbins, Gus Edwards, and Marcus Peters to injuries in a span of less than a week was an ominous sign for Ravens fans. But when the best NFL betting sites decreased the opening spread from 6.5 to 3 or 3.5, Baltimore backers pounced on the Ravens’ odds, both at the moneyline and spread line.

When the Raiders pulled off the overtime upset in dramatic fashion, there were huge betting losses everywhere.

Big Betting on the Ravens

The Caesars Sportsbook reported taking two big balls bets at $250K and $100K on the Ravens at -3.5 points. According to Caesars, 54% of the total tickets and 71% of the total dollars wagered at the 3.5 spread were made on the Ravens. Likewise, 52% of the betting slips and 58% of the total handle at the Moneyline were also wagered in favor of Baltimore.

At BetMGM, 72% of the total money and 63% of the tickets were for the Ravens. Baltimore also had the most bets in 11 out of BetMGM’s 13 states with only Indiana and DC going for the Raiders.

Meanwhile, BetOnline talked about a tad over $50K bet for Baltimore at -3 (-109):

52% of BetOnline’s spread bets were also made on Baltimore. Meanwhile, FoxBet said that 76% of the Moneyline and 63% of the point spread bets were also wagered on the Ravens.

Over at PointsBet, someone was even brave enough to put $2,000 on the Ravens to win by 31 points:

These bettors had the reason to back Baltimore. The Ravens entered Monday Night Football with a 19-8-2 ATS record in their last 29 games and that’s a 70.4% winning percentage. Baltimore was 10-5-1 ATS last season and covered 8 out of a dozen games against AFC teams. Lamar Jackson had an impressive 9-2-2 ATS mark in 13 games as road favorites.

Derek Carr Didn’t Allow Lamar To Leave Las Vegas With a ”W”

Baltimore had a good start as they took a quick 14-0 lead. But they squandered that advantage when they went for 4th and 1 late in the second quarter and failed. The Raiders took advantage and turned it to a field goal for a 14-10 halftime score with Baltimore ahead. Still, the Raiders were a +230 and the Ravens a -5.5 at BetOnline’s live odds.

Las Vegas went as long as a +1700 at the live ML odds before making the comeback. Down 3 points with 37 seconds left and no timeouts remaining, Derek Carr completed two passes and moved the ball 38 yards. Daniel Carson then calmly sank a 55-yard field goal to sent the game to OT. The extra period was crazy but in the end, Carr completed his heroics with the walk-off score to a wide-open Zay Jones.

The Raiders’ upset win capped off a record-breaking week for betting underdogs who went 9-7 SU and 12-4 ATS in Week 1, the latter being the best performance ever for dogs on NFL’s opening week.

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