Bobby Bones revealed on his show that he incurred a $3,000 loss while betting on NCAA men's basketball. The loss was caused by a mistake in how the bet was placed, underscoring the potential pitfalls of sports wagering. The story was shared during an episode of The Bobby Bones Show, where the host candidly reflected on the experience. This incident serves as a reminder of the risks associated with sports betting, especially when errors occur in the betting process.