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After their thrilling comeback victory over No. 4 Georgia in the SEC Championship Game, No. 1 Alabama cemented their status as the undisputed favorite to win the College Football Playoff this season. And FanDuel took it one step further by paying out those bettors who took Alabama to win it all -- over a month before the championship game.
On Nov. 30 at 5:00 pm ET, FanDuel Sportsbook decided to pay anyone and everyone who placed a bet on the Crimson Tide to win the national title this year, 38 days before the College Football Playoff National Championship game.
The payout, which involved all future bets on Alabama to win it all that were made before 5 p.m. Friday, Dec. 30, will initially cost FanDuel $40,000, and could cost the company upwards to $400,000 when taking into account all of the parlays that have Alabama to win the title in them.
And here's the kicker, if Alabama doesn't win the national championship, FanDuel will pay out bets on whichever team does win it all.
FanDuel made this decision saying it wanted to reward its customers for betting on a team with odds that actually difficult to win money. Currently, Alabama has -250 odds, according to FanDuel Sportsbook, meaning you have to risk $250 in order to win $100. Clemson has +240 odds, Oklahoma is at +1400, and Notre Dame is the longshot at +1600.
Paying out futures bets early is actually a common practice by sportsbooks as a way to generate publicity and attention. So if everything plays out according to the odds, FanDuel will payout Alabama bettors and acquire new clients in the process.
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Mike Esposito is not a FanDuel employee. In addition to providing DFS gameplay advice, Mike Esposito also participates in DFS contests on FanDuel using his personal account, username espo6891. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in their articles are the author's alone and do not necessarily reflect the views of FanDuel.