Betfred Cashes Out Bengals Super Bowl Bets Early
Betfred Backs Bengals
As the AFC Championship looms, Betfred – the official sports betting partner of the Cincinnati Bengals – gave any customer who had a bet on the Bengals to win the Super Bowl, an early payout.
Founder and Chairman of Betfred Fred Done announced the news in a video on Twitter on Jan. 25. All bettors holding online or retail wagers in the U.S. on the Bengals to win the Super Bowl – as of 1 p.m. ET on Jan. 25 – were paid out as winners, despite the Bengals not yet having won the Super Bowl, or even been guaranteed a spot in it.
“As a partner of the Bengals, we’ve had a special relationship with Bengals fans all season, said Bryan Bennett, COO of Betfred USA Sports. “After the team’s huge win on the road in Buffalo last week, we had seen enough to believe they’re the best team in the league. As a result, we made the decision to pay existing championship bets early as a goodwill gesture to fans and customers.”
Their confidence in Cincinnati doesn’t stop there. Betfred also announced that anyone who missed the chance to bet on a Bengals Super Bowl win prior to Jan. 25, have until kickoff on Sunday to get +300 odds on the Bengals to win. “That has got to be the best price on the planet. Take advantage of it. Bet with Betfred and get great, great value,” Done said in the video.
Most other sportsbooks give the Bengals anywhere from +260 or +280 odds to win the big game. On a $100 wager, this means fans win $300 if they bet with Betfred as opposed to $260-280 with other sportsbooks.
Fred told you yesterday from the Las Vegas HQ that he was going to drop some BIG NEWS today!
We're so confident at Betfred in the #Bengals winning the #SBLVII that we've decided to PAY OUT ALL BETS on Cincinnati @Bengals to win the #BigGame before the #AFCChampionship is played! pic.twitter.com/S5bkul9WhD
— Betfred Sportsbook (@BetfredSports) January 25, 2023
Can The Bengals Pull it Off?
Joe Burrow and the Bengals enter this weekend’s AFC Championship game as a one to 1.5-point underdog to the Kansas City Chiefs. This line has seen quite a bit of movement throughout the week – at one point Cincinnati was a 2-point favorite over Kansas City.
Regardless of what oddsmakers are saying, it will be a good game nonetheless. This is a repeat of last year’s AFC Championship game which resulted in a 27-24 overtime win for the Bengals that punched their ticket to the Super Bowl. With another win for Cincinnati in the regular season this year, Joe Burrow is now 3-0 against Patrick Mahomes and the Chiefs. Suffice to say, Mahomes and his crew have a chip on their shoulder here.
Burrow and company have never looked better than they have in the last few weeks, as both sides of the ball seem to be firing on all cylinders. They are playing with an air of confidence and composure that makes them an extremely dangerous team.
As good as the Chiefs have been all year, there is a looming concern heading into this game. Mahomes suffered a high-ankle sprain in last week’s win over the Jacksonville Jaguars which may limit his mobility that is so crucial to his game. It’s unclear what Kansas City’s game plan is or how Mahomes is feeling, but if anyone can pull out a win in these circumstances, it’s Andy Reid and Mahomes.
For Betfred’s sake, you hope that Cincinnati can overcome an injured Mahomes and get to their second consecutive Super Bowl. But even then, the job isn’t finished. Tune in Sunday, Jan. 29 at 6:30 p.m. ET on CBS to watch it all go down.