In terms of unexpected drama, there was one player who beat Tiger Woods handily on Sunday.
James Adducci chose to make what he says was his first sports bet one unlike any other.
Adducci loved Woods’ chances before the Masters.
A lot.
So much so that the Wisconsin native flew to Nevada to place an $85,000 on Woods bet at 14-1 last week.
Woods’ one shot victory, his fifth in the Masters. was worth $1.19 million to Adducci. He made his bet with William Hill at SLSLasVegas after two other sportsbooks – wisely – rejected his wager.
“I feel fortunate that (William Hill) allowed me to place the wager,” Adducci said, adding that he placed the bet on Woods because he “figured he’d want to win a major in front of his kids.”
Even better, he got one of those sweet oversized checks. The total of $1.275 million seen on check includes both Adducci’s winnings and the original $85,000 amount that he wagered on Woods. He split the bet on two tickets.
And yes, since it’s Tax Day, we are reminded that Adducci’s net winnings are taxable income. However, the IRS does allow documented gambling losses to be used to offset winnings without exceeding them.
No word if Adducci will let all ride on Tiger at 8-1 in the PGA Championship.
