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KY bettor places $3.1m wager on Philadelphia to beat Carolina

Was thinking of placing a similar bet on Oregon -3.5 over Penn State. All need is 3 mil. Seems like a lock. What am I missing there?
 
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Philadelphia survived, and the bettor won a net $442,857 off the $3.1 million wager.

Stevens told ESPN on Sunday that the sportsbook was able attract a lot of bets on the Panthers to mitigate the big wager.

"We got a lot of buyback on Carolina, but what was crazy, we had a lot of people pile onto the Eagles," Stevens told ESPN in a text message. "At kickoff, Circa Sports needs Carolina for a little bit. Ended up playing out OK."

https://www.espn.com/espn/betting/s...million-bet-eagles-wins-panthers-dropped-pass
 
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