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LITTLE ROCK, Ark. (KTHV) - A popular online sports betting venue has stunned college football betters with refunds after the Hogs' loss to ULM Saturday.

SportsBetting.ag issued a press release Tuesday, announcing they're refunding every losing bet on the Razorbacks, who were defeated and knocked from the NCAA rankings. (http://bit.ly/TU07tV)

Head oddsmaker Dave Johnson says, "The loss was unbelievable, and to profit from it really doesn't sit well with us. That's why we're refunding every single player who dropped money on Arkansas to win. It's the right thing to do and we'd be shocked if other online sports books don't follow our lead."

Twitter: @THVMatt_Turner