Bookmakers Profit from US World Cup Exit

Following the USA's elimination from the World Cup, bookmakers celebrated what BetMGM called "one of the biggest wins we've had for a soccer game in company history." The Americans' 4-1 defeat to Belgium reversed earlier tournament trends where betting support for the US had set records at sportsbooks. newsindata.org

Caesars Sports reported that 81% of money backed the USA to advance, with a high-roller placing a $750,000 bet on the team. Despite player prop bets on stars like Folarin Balogun, the loss meant sportsbooks across the nation "clawed back a big chunk of change" from betting masses who had supported the Americans throughout their tournament run.