PRESS RELEASE

SOURCE: Casablanca Sports

Zapote, Costa Rica -- Washington Redskins' football fans were not the only winners when Joe Gibbs was named as Steve Spurrier's replacement as the Skins' head coach. 11 clients of BetCBSports (www.betcbs.com) took the checkered flag, and correctly wagered on long shot Gibbs at 100-1 odds. Those wagers paid out over a total of $80,000 to the 11 sharp-minded bettors. Of the 11 winners who wagered on Gibbs, two of them bet the maximum of $250, winning $25,000 each.

"Initially we had Gibbs at 200-1, but after a large number of bets came in on a single day, combined with information from our sources close to the Redskins, we brought it down to 100-1," said BetCBSports Senior Odds Maker, Dan "The Man" Johnson. "I still think 100-1 wasn't high enough because Gibbs was truly a long shot in every sense of the word. So, you can imagine our shock when the news broke. At the same time, considering the amount of wagers we had on the other possible replacements, we came close to breaking even in the end."

"The top three favorites, who were listed at 2-1, Jim Fassel, Dennis Green, and Ray Rhodes, were also the most wagered on," said Johnson. "That is one of the reasons that Gibbs had such high odds, coupled with the fact that he had been away from the game for over 10 years and was on no one's radar screen. We had a few winners call and ask if Gibbs' hiring was some kind of hoax and then, when we verified that it wasn't, proceeded to scream like they had just won Powerball." Johnson said, referring to phone calls he received from the winners.

Of the 11 winners, eight of them were from DC and the surrounding area. The remaining three were from Michigan, Connecticut, and most surprisingly, Manchester, England.