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Jul 9, 2014

Bettors cash in on Germany's 7-1 win

Catch up with everything you need to know in the tournament as Germany awaits a contender between Argentina and Netherlands.

Germany's 7-1 shocking margin of victory over Brazil in the World Cup semifinal on Tuesday paid dividends for bettors who collected on the 999-1 odds of it happening.

Barry Orr, a spokesman for England-based Betfair, told ESPN.com that three bettors, who placed a total of $11 on Germany beating Brazil 7-1, raked in approximately $11,000.

Bookmakers around the world didn't even list the improbable score as an option, but Betfair offers an exchange where fans can set up a wager on its platform.

The odds of 999-1 are the highest value that can be set on the exchange. The firm administers the payoff for a price of in between 2 and 5 percent of the winnings.

"The guys I feel sorry for are the punters who had 31 pounds [$53 U.S.] at 999-1 on 7-0 Germany," Orr said.

Nate Silver of FiveThirtyEight.com, a subsidiary of ESPN.com, wrote that from a statistical standpoint, the 7-1 result was the most surprising outcome in World Cup history.

Even without Neymar and Thiago Silva, bookmakers had made Brazil and Germany as co-favourites to win the title.

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