Rory McIlroy Profit Pays off Ten-Year-Old Bet for His Father

Rory McIlroy Profit Pays off Ten-Year-Old Bet for His Father

Rory McIlroy’s British Open win paid off a big bet for their father.

Rory McIlroy’s win this weekend at the 2014 Open Championship (perhaps better known as the British Open) ended up being huge for the young golfer’s profession. It was their 3rd championship that is major making him only the third player to win three majors by the age of 25, joining a few guys you might have been aware of: Jack Nicklaus and Tiger Woods.

But the win may have been also bigger for McIlroy’s father and a few of their friends.

When McIlroy putted out on the 18th green at Hoylake, he fulfilled a bet that had been made by their father Gerry and two friends over about ten years ago. In 2004, Gerry McIlroy placed a bet on his son, then 15 yrs . old, to win the open that is british the time he had been 25 (or put another way, before he switched 26).

Ladbrokes was thrilled to take the £200 ($341) bet, and even gave the elder McIlroy 500-1 odds. After all, as talented as young Rory could be, he had been a long distance of from being capable of winning one of the world’s golf tournaments that are biggest.

McIlroy Covers Bet on Final Opportunity

But a funny thing happened within the next decade. McIlroy didn’t just become a professional golfer, but he became possibly the player that is best of his generation. Soon he had been a threat that is perennial win the Open, and those 500-1 were looking incredibly generous. Still, heading into last week’s tournament, McIlroy only had the one last chance to win and make his father a massive payday.

Sure enough, he did it, and Ladbrokes confirmed on Twitter that they would be paying out the £100,000 ($171,000) win to a bettor they considered to be Rory’s daddy.

Family Bets Typical

According to Rachel Bridge of Ladbrokes, these wagers aren’t exactly rare, though it’s uncommon that they pay off. Bridge told that these ‘special odds requests’ are generally made in the potential for children to win major events that are sporting with the firm taking more than 300 each year. Typically, just one will probably pay out every couple of years. The last big win of the type came when friends of racer Lewis Hamilton won a bet they made when he was just nine years old on him winning the F1 championship, a wager.

‘the chance is taken by us on wagers like these,’ Bridge thought to ESPN. ‘ We can make a lot of cash, however it’s a big risk if one comes through. Regrettably, on this one, we have egg on our face.’

Buddies Also Money In

Rory’s father ended up beingn’t the only one cashing in on the bet, either. Two other bettors ( thought to be friends of McIlroy’s daddy) won two separate wagers: one which would pay out at 250-1 if McIlroy won The Open Championship by 2015, and another that would pay out 150-1 should he win the tournament that is same age 50.

According to McIlroy, the win will likely mean more to the buddies than to his father.

‘i don’t think it matters so much to my dad anymore, but the teammates it was done by him with, I think they’re a little happier,’ McIlroy stated.

In accordance with Bridge, Ladbrokes hasn’t faced a payout on the Open since bettors made money that is big on Tiger Woods in 2006.

‘Although we’re facing losses that are heavy can’t assist but appreciate the foresight of Rory’s dad and his pals a decade ago,’ Bridge stated.

Harvard Researchers Declare Gambling Online Not Addictive

Bellagio’s real-life fountains offer a play ground feel, which researchers say encourages gambling. (Image:

Within the battles being waged over whether online gambling is managed in america, one major argument has been that Internet games could result in a higher level of gambling addiction. The theory is that the increased access to gambling services and products means that people many vulnerable to addiction will have an instant pipeline that allows them to pay money they can’t pay for to get rid of.

It is something that generally seems to sound right on an intuitive degree, but the data that’s being collected so far isn’t backing it up. A few studies from the Harvard Medical class’s Division on Addiction has discovered that the vast majority of Internet gamblers aren’t addicts, and are, in fact, extremely casual gamblers who are quite good at setting limits for themselves.

Studies Conducted with bwin

The studies were done with the cooperation of bwin, which gave researchers usage of information on thousands of players who proceeded different online casino games over a period that is two-year. The research included activities betting, poker, and casino gambling that is general. And in each full case, 95 percent or a lot more of the gamblers studied gambled in moderation, while only one to five percent had been said showing ‘intense gambling behavior.’

Into the full instance associated with the casino gambling study, more than 4,000 case studies had been analyzed. The average player gambled only once every two weeks, losing about 5.5 percent of the money they wagered over a nine-month period. Whenever it came to sports bettors, another study looked at 40,000 players, and unearthed that the median gambler was making 2.5 wagers every day that is fourth with the wagers averaging $5.50.

Another study by the University of Hamburg, designed to help augment the ongoing work being done at Harvard, looked solely at poker players. More than two million online poker players were analyzed over the course of six months. The median player is at the tables just for 4.88 hours over that duration, and the majority of players were paying less than a dollar per hour in rake.

Typical Gambler Spends Little Online

None of this is designed to state that compulsive gambling isn’t issue, or that issue gambling doesn’t occur on the online world. But it can claim that the extent to that the Internet exacerbates such dilemmas has been exaggerated. Part of the reason for this may sleep in how the data is presented: researchers used medians to show exactly what the ‘typical’ gambler looked like, largely must be small percentage of ‘intense’ gamblers significantly affect the common figures.

That research backs up numbers that are previous attended out of studies, such as one conducted in 2007 by regulatory body eCOGRA. That research discovered that online poker players typically played two to three times a week for an average of one to two hours, and that they paid about $1.20 an hour in rake. That study also unearthed that players just took about 6 per cent of these bankroll to a table on average, meaning most players exercised reasonable bankroll management while playing.

One reason that the access provided by on the web gambling hasn’t triggered a spike in addiction might be due to the distinctions between brick-and-mortar venues and their Internet counterparts. Researchers have found that a ‘playground’ model in a casino, one that makes use of hot colors, going water, and green spaces, was most successful for encouraging people to gamble. These features can not be included for most online gambling users although some sites have actually tried to increase the casino feel through the use of live dealer games.

Atlantic City Casino Revenues Up Slightly in June

The Borgata led Atlantic City in both online and revenues that are brick-and-mortar June. (Image:

There’s a lot of doom and gloom surrounding Atlantic City these times. At least three gambling enterprises have either closed or are set to shut this year, having a fourth also potentially closing if a buyer can’t be found. But while those are bad signs for the East Coast gambling hub, that does not mean that there cannot be the bit that is occasional of news for the town.

Revenue numbers for June had been released week that is last and when modified to discount the winnings from the Atlantic Club last year ( which is no longer open for company), video gaming revenues are up four % year-over-year. Last June, the 11 casinos that are still now in operation made $227.1 million, and that quantity rose to $235.9 million in 2014.

Closing of Atlantic Club, Online Gambling Help Numbers

The numbers that are rawn’t quite of the same quality, of course. In the event that you include the Atlantic Club’s revenue from this past year, the town as a whole saw casino winnings drop by 5.7 percent. But such changes are likely to become commonplace for the next 12 months or more, being a group of casino closures is changing the characteristics of this gaming industry within the city.

Another factor that’s only beginning to impact Atlantic City is online gambling. The online world casinos brought in $9.5 million during June, which accounts for every one of the increase in year-over-year revenue. Online gambling wasn’t yet managed or operational in nj-new jersey at this time year that is last.

That may seem like a success, but like many things in Atlantic City these days, there are two main sides to your story. That $9.5 million in revenue is down about nine percent from more than $10.4 million in May, and marks the next month that is straight of for on line gambling in New Jersey. It’s also the figure that is lowest published by the sites since January.

Borgata Leads City in Income

The Borgata is nevertheless the best choice in both land-based and online-gambling in the city. The casino won $48.1 million in June, down less than one per cent when comparing to last year. The Borgata also led just how with $3.4 million in online winnings, though that has been down 14 per cent from May and was the lowest monthly total so far in 2014.

In a month filled with up and downs, the winner that is biggest was obviously the Golden Nugget. While the $14.3 million the casino won ranked just 7th among Atlantic City casinos, that still marked a year-over-year increase of 32.4 per cent. The Golden Nugget was also the casino that is only posted a monthly increase in online gambling revenues, making about $100,000 more than it did in May. That represents the second growth that is consecutive for the Nugget’s online operations.

Regarding the other side of the coin, Trump Plaza saw its casino revenues tumble nearly 32 percent when compared with last June, down seriously to a paltry $4.7 million, by far the figure that is lowest in the city. Numbers like those help explain why the casino is now expected to be closed in September.

The Plaza is also the operator of the smaller online gambling operations in brand New Jersey in partnership with Betfair and GameAccount. At the moment, it’s unclear what’s going to become of this web site when Trump Plaza closes down. The casino site brought in just over $500,000 in revenue during June.