Dave Portnoy Loses $1M Bet on Buffalo Bills in AFC Championship Game

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Dave Portnoy, the founder of Barstool Sports, lost $1 million after betting on the Buffalo Bills to win the Super Bowl. Portnoy placed a $1 million wager on the Bills at +550 odds, which would have netted him $5.5 million if the Bills had won the Super Bowl. However, the Bills suffered a loss to the Kansas City Chiefs in the AFC Championship game, which ultimately cost Portnoy his bet.

The Bills were favored to win the AFC Championship game against the Chiefs, but they ended up losing, which also dashed Portnoy's hopes of winning the substantial bet. This loss has led Portnoy to express his frustration and vow to quit betting on football, particularly in the playoffs, due to what he perceives as controversial officiating that he believes cost him his bet.