Suarez's vampiric habits are a well-known phenomenon: he has twice been caught taking a chunk out of an opponent on the field.
And when Swedish betting company Betsson started offering bets on whether the Liverpool forward would once again wrap his chompers around another player, 24-year-old Jonathan Bräck from Stensund took the chance and gambled 80 kronor ($12).
"I've seen him bite people before, and I was pretty sure he'd do it again," he told The Local. "The odds were fairly good and I knew it wasn't impossible."
"I was very excited to see the bite, I was thinking: 'Did he really just do that? I was trying to convince my family that it was a bite, and fortunately I was right. They're going to pay up."
He said that with the winnings he planned to head to Old Trafford and see Manchester United play.
Betsson said that a total of 167 punters from Sweden, Norway, Denmark and elsewhere had taken them up on the offer, gaining odds of 175/1 for their high-risk wager.
Amazingly, the bet came good when Suarez bit Italy defender Giorgio Chiellini.
"We lost a six figure amount in Norwegian kroner," Betsson spokesman Mikael Mellqvist told The Local Norway.
"Now the new bets are on how long a suspension Suarez will get, and whether another player will also bite someone in this World Cup".
According to Betsson, the biggest winner was an unnamed Norwegian man, who walked away with wins of more than 20,000 Norwegian kroner ($3,300).
Meanwhile, Bräck said smart money is on Brazil to win.
"Well, that's how I bet anyway. They're playing well and are still winning - they look strong and they can only get better. I've got 500 on them to win the cup," he said.