Report: Sportsbook refunding money

Updated: July 29, 2012, 6:02 PM ET
ESPN.com

SportsBettingOnline is refunding all players who lost money betting on Australian pro golfer Adam Scott to win The Open Championship, the sportsbook announced Tuesday according to geoffshackelford.com.

Adam Scott

Scott

Scott collapsed during Sunday's final round of the Open, blowing a four-shot lead with four holes to play and ultimately losing by one shot to Ernie Els.

"With so many of the favorites including Woods not cashing, it was a good day for sportsbooks. But that wasn't the case for those who dropped money on Scott," Dave Johnson, head oddsmaker for SportsBettingOnline.ag, told geoffshackelford.com. "We feel it's our duty to refund the players for taking such a bad beat. His collapse was historic and we know the bettors who had him must feel as awful as he does."

Odds on Scott taking the Open were listed at 45/1 at the sportsbook. That means every $100 bet would have paid $4500 had the Australian taken the title.

This is the second time in just more than two months that this company has refunded sports bettors, according to geoffshackelford.com. Last month, the online sportsbook refunded everyone who lost money on the Pacquaio-Bradley boxing match after the controversial results handed Bradley the win.

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