Bettors believed Tiger Woods would make the cut this week at The Open. It will prove costly.
Before the tournament, Woods was listed as a minus-190 favorite to make the cut at St. Andrews by William Hill's Nevada sportsbook. In the hours leading up to the tournament, 97 percent of the money wagered on the prop bet backed Woods to make the cut.
While 97 percent of the money was on Woods to make the cut, 53 percent of the overall number of bets were on him missing the cut, an indication that the bigger money was on "Yes." The average bet on the "No" ended up being less than $50, while the average on the "Yes" was a couple hundred dollars.
Woods, who missed the cut at the U.S. Open, is at 5 over with six-plus holes left in his second round, which was suspended late Friday because of darkness. He will resume play at 7 a.m. local time (2 a.m. ET) on Saturday.
The projected cut line is even par.
Woods also attracted plenty of money to win the tournament. He was tied with Louis Oosthuizen for fifth in terms of money wagered at William Hill to win the tournament.