“This certainly draws parallels with the Game Stop situation as it has driven a lot of action on Levis to go first overall,” Caesars Sportsbook’s lead college football trader, Joey Feazel, told The Post.
2 overall, but Reddit believes he’s going No. We shouldn’t be surprised, either Reddit is also responsible for half a billion dollars being pumped into the failing GameStop stock.īut like the Reddit-GameStop stock pump, most people will end up losing big when reacting to rumors like this in the betting market.
Since then, the market has stabilized, and Levis has moved back to +1000 on FanDuel, but this Reddit thread moved the market and likely lost the general gambling population huge sums of money. Thanks to a Reddit thread started by the reputable “SaleAgreeable2834” who claimed the Panthers had told Levis he would be getting selected first overall, the odds market saw an unbelievable shift towards the Kentucky quarterback, who dropped from 50:1 to +500 to go first overall in a matter of hours.
Reddit threads, rumors, and nonsense all hit simultaneously Tuesday, with millions of dollars coming in to bet on Kentucky quarterback Will Levis to be drafted No.
