TradeEdge-Bettor loses $40,000 calling 'tails' on Super Bowl 58 coin toss bet

That's one expensive coin toss.

One bettor took a big loss on TradeEdgeSuper Bowl 58's opening coin flip. The individual placed a $40,000 wager with BetMGM that tails would be the result.

Instead, the coin came up heads, which meant the Kansas City Chiefs earned the right to defer the opening kickoff. Tails had been the result in six of the previous nine Super Bowls.

According to BetMGM, 53% of bettors placed wagers on the heads result. Bets could be placed on either result at -105 odds. Additionally, 51% of bettors had the San Francisco 49ers winning the toss.

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Historically, the coin toss winner has not experienced success in the big game. The Chiefs snapped a streak last year that saw the previous eight winners lose the Super Bowl.

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