Gamblers usually take a hit when there are one or two upsets in college football, but College Football Week 5 betting was Armageddon for punters. Four ranked teams suffered upsets, and the public backed three of those losing teams heavily.
The biggest hit for the bettors came from Oklahoma. A week after they were upset by Kansas State at home, the public was convinced the Sooners were going to go to Ames, Iowa, and trounce Iowa State.
The Sooners were an 8.5-point favorite, and hadn’t lost on the road to the Cyclones since 1960. William Hill reported that 75% of the tickets were on Oklahoma, along with 88% of the money. DraftKings said 80% of the money was on the Sooners.
Not only did the Sooners not cover, they were beaten outright by Iowa State, 37-30.
One customer at SouthPoint in Las Vegas put $60,000 on the moneyline for Oklahoma to win $20,000.
Iowa bettors: ROLL CALL🗣
Who had Iowa State (+205 ML) taking down #18 Oklahoma?🙋♂️pic.twitter.com/QU25UkFAPH
— PointsBet Iowa (@PointsBetIA) October 4, 2020
After the game, Oklahoma head coach Lincoln Riley tried to spin the team’s second consecutive Big-12 Conference loss — the first time that’s happened since 1996.
“We were playing good ball, not great ball,” Riley said. “We had some chances to separate against a good team on the road. When you’re a great team you take advantage of those. We’re not quite there yet.”
Pitt, Mississippi State Upset Victims
Pitt was the other huge loss for gamblers. William Hill said 67% of the tickets were on the Panthers along with 79% of the money. Pittsburgh was a two-touchdown favorite over NC State, but lost 30-29.
Mississippi State was another college football upset few expected. The Bulldogs, who were 17-point favorites over Arkansas, were getting 56% of the tickets at William Hill, and 52% of the money.
The Razorbacks shocked both Mississippi State and gamblers, defeating the Bulldogs, 21-14.
KJ Costello throws his 3rd pick of the game, as #16 Mississippi St. (-17.5) trails in the 4th quarter!
— SportsBettingDime (@SBD) October 4, 2020
Texas, UCF Upsets Do Little Damage to Bettors
Gamblers had some intuition when it came to two college football upsets. Texas was ranked No. 9 in the AP Top 25 Poll, and laying 10.5 points in its game against TCU. The Horned Frogs were getting 59% of the tickets and 60% of the money at William Hill.
🚨UPSET ALERT 🚨
Max Dugan gives TCU a 33-29 lead with 4 mins left in the 4Q.
— KVUE News (@KVUE) October 3, 2020
The loss was the sixth by the Longhorns as an AP-ranked team against an unranked opponent since head coach Tom Herman took over in 2017. That’s the most of any FBS team.
Central Florida, who was ranked No. 11 in the AP Top 25, had the highest point-spread liability with 20.5 points against Tulsa. The public and sharps loaded up on Tulsa with 63% of the money at William Hill on the Golden Hurricane. Tulsa upset UCF, 36-24.
Big Parlay Bet Pays Off
One gambler had a three-team moneyline parlay card at DraftKings. The cost of the card was $2 million.
It consisted of Florida and Tennessee, and the Los Angeles Rams on Sunday. The card paid off for a $1.1 million profit.
Another big bet didn’t go so well, however. One bettor at FanDuel plunked down $150,000 on Auburn against Georgia. The 7.5 points didn’t help as the Tigers were clobbered by the Bulldogs,
Stat of the Week
Arkansas snapped a 20-game SEC losing streak with their victory against No. 16 Mississippi State. It was the sixth-longest in SEC history. They also snapped a 15-game losing streak vs. AP Top-25 opponents, which was the team’s longest losing streak in the poll era (since 1936).
Bad Beat of the Week
The under bettors were searching for a win on the Texas-TCU game, and looked good with six seconds remaining. The line was at 61.5 points, and the score was 33-29.
Losing an under on this is sickening pic.twitter.com/YeCz83ELWH
— Todd Fuhrman (@ToddFuhrman) October 3, 2020
Then, on the last play of the game, TCU quarterback Max Duggan ran out of the back of the end zone for a safety as time expired to send the total over.