With sports betting completely at a standstill because of the lack of live sporting events, when it was announced there would be a 2K20 Player’s Tournament, sportsbooks came out and gave odds on the video game action. Sports bettors were looking for some action so they jumped at the opportunity to gamble on anything.
This ended up being a huge problem. The 2K game was pre-recorded earlier that day and degenerates do what they do and found out the results of the game prior to the game being broadcast on tv.
Sportsbooks took notice of irregular action when a huge amount of money was coming in on the significant underdog Derrick Jones Jr.
“We initially made Durant the favorite to win the tournament, but he was taking very little action over the course of the first 24 hours,” Robert Cooper, Odds Manager at SportsBetting.ag, said. “When we posted the first-round matchup lines and the bets were completely one-sided toward Jones Jr., it became obvious that someone knew the outcome of the game.”
Some of the blame has to be placed on the bookmakers as well. With the shutdown of live sports leagues, cash flow to sportsbooks has completely frozen and they need some clever new way to bring back any sort of revenue.