Dave Portnoy (Facebook)
It’s a good thing that Dave Portnoy went back on his pledge to quit sports gambling, well, at least it was good for Dave Portnoy anyway, as he keeps on winning big bets. The Barstool Sports founder and owner just raked in $1.35 million by betting on the world’s number one golfer Scottie Scheffler to win golf’s Masters tournament and take home the green jacket. He has now won $4.41 million from sports gambling so far in the month of April alone.
Portnoy placed a $300,000 bet on Scottie Scheffler to win the green jacket at +450 odds, or 4.25 to 1.
Dave Portnoy celebrated the win by posting a video of himself in front of a really huge television cheering on Scottie Scheffler on Twitter with the caption, “Nothing and I mean nothing beats that stroll down the 18th at the Masters with the Green Jacket in your pocket.”
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“Guys I don’t think people realize what we are witnessing,” he also posted. “To come into the Masters as the world’s #1 and the hottest gambler on the planet. To have a bullseye on your forehead and still win with ease? We may never see a 4 month stretch like this again.”
The big win came just days after Dave Portnoy raked in $2.16 million betting on UConn (the University of Connecticut) to win the 2024 NCAA college basketball tournament, also known as “March Madness,” which it did by defeating Purdue 75-60 in the finals. He bet $600,000 on UConn to win at +360 or 3.6 to 1 odds.
“The greatest bet of my life,” he said on Twitter about that win. “Thank you UConn Destroyed everybody and everything in their path. They’d win the tournament 100 out of 100 times. The biggest win of my life by a mile.”
Founded in 2003 in Milton, Massachusetts, Barstool Sports is a digital media company that produces content focused on sports and pop-culture. Barstool Sports began as a small blog, but it quickly grew into one of the most popular sports websites in the world. The site is known for its irreverent humor and its coverage of a wide range of topics, including sports, pop culture, and current events.
Dave Portnoy bought back Barstool Sports last August for just $1 from Penn Entertainment, which had spent a total of $551 million in acquiring it. In 2019, Penn Entertainment paid Portnoy $163 million for a 36% stake in the firm. And then earlier this year it paid another $388 million for the rest of Barstool Sports. Penn unloaded Barstool because it expected the company to lose as much as $800 million.
Born on March 22, 1977, in Swampscott, Massachusetts, David Portnoy is an American businessman, blogger, and podcaster and gambler. He is the founder and owner of Barstool Sports, a sports and pop culture blog. Portnoy is known for his controversial and outspoken personality. He has been criticized for his comments about women and minorities, but he also has a large and loyal following.
