Philadelphia Eagles' Late Two-point Conversion Costs Bettor $500,000

The Philadelphia Eagles cost an unfortunate bettor $500,000 after scoring a late touchdown in their 23-17 loss against the Seattle Seahawks on Monday Night Football.

Despite playing at home, the Eagles entered the game as 6.5-point underdogs and trailed by eight points going into the final quarter. Seattle looked to have the spread safely covered after Jason Myers hit two fourth quarter field goals, the second of which extended the Seahawks' lead to 23-9 with just 1:13 left to play.

With just over a minute on the clock and Philadelphia's moribund offense struggling yet again to make anything happen, bettors who backed the Seahawks looked to be home and dry. They included a brave punter who, according to BetMGM figures, placed a $500,000 bet on Seattle to cover the spread at -6.5.

Elation, however, quickly turned into despair for the bettor as Eagles tight end Richard Rodgers hauled in Carson Wentz's Hail Mary with 12 seconds left for a 33-yard touchdown. The score brought Philadelphia to within seven points of the Seahawks and they closed the gap even further when Miles Sanders rushed over for a two-point conversation and Eagles celebrated an expected payout.

Eagles convert the Hail Mary with 12 seconds left. #FlyEaglesFly

📺: #SEAvsPHI on ESPN
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— NFL (@NFL) December 1, 2020

The majority of bookmakers had the Seahawks at 9-10 to cover the spread, meaning the $500,000 bet would have returned $950,000 and Philadelphia's late scoring burst spared oddsmakers major losses. According to data from PointsBet, 91 percent of bets taken ahead of Monday Night Football went on the Seahawks to cover the spread, as did 89 percent of the money staked on the game.

Disappointingly for anyone who bet on Seattle, the Seahawks had opened as 5-point favorites, before the line drifted all the way to 6.5 ahead of the game. Had it not moved, the Eagles' Hail Mary and two-point conversion would not have made a difference.

Even more frustrating for the bettors, Philadelphia was 3-7 against the spread this season, the NFL's third-worst record this season, and had failed to cover the spread by an average of 3.8 points per game. The Eagles, however, have a perfect 2-0 record against the spread in home games as underdogs.

The loss against Seattle was Philadelphia's third in a row and saw them drop to third place in the NFC East with a 3-7-1 record, behind the New York Giants and the Washington Football Team who are both 4-7.

Worryingly for the Eagles, they have the fifth-hardest remaining schedule in the league. Aside from NFC East matchups against the Dallas Cowboys and Washington, they still face trips to Green Bay and Arizona, as well as home games against the Seahawks and the New Orleans Saints.

Philadelphia Eagles, NFL
Richard Rodgers #85 of the Philadelphia Eagles is congratulated by teammate Travis Fulgham #13 after catching a Hail Mary pass in the end zone against the Seattle Seahawks during the fourth quarter at Lincoln Financial Field on November 30 in Philadelphia, Pennsylvania. The Eagles lost 23-17. Mitchell Leff/Getty