D Las Vegas owner wagers $12,500 on Michigan for Nat'l Title; $1,000,000 payout
Stealing this from Scott Bell's Twitter account but thought it would be interesting to know if anyone on the board put any money on the Maize and Blue to win the title. If so, how much?
Also, would love to here other big sports-related wagers MGoBloggers made that have paid off big.
https://news.wagertalk.com/vegas-casino-owners-million-dollars-stake-mi…
March 21st, 2017 at 12:25 PM ^
March 21st, 2017 at 12:27 PM ^
No, you've got the odds wrong. State was the prohibitive favorite and odds were better than even. I think it was 3-9, if I'm remembering correctly.
March 21st, 2017 at 12:28 PM ^
He did this last year or the year before with Michigan State, if I remember correctly. The funny thing is, again IIRC, he needs a bigger casino to take the bet and cannot bet at his own, so he either screws over a competitor, or gives $12.5 K to a competitor...
March 21st, 2017 at 12:37 PM ^
Man,
That's a bet I'm
Sure he wishes he could
Undo.
March 21st, 2017 at 12:42 PM ^
It was two years ago, I just checked. He put $20K on MSU at 50-1 odds early in the season, and they ended up 2 wins away from paying him $1 million.
so close in that Final Four game v Duke! Oh wait - they didn't. An 81-61 ass kicking that wasn't as close as the score would indicate.
That Duke team was a machine.
He can bet at his casino. The book ,wiliam hill ,is an independent satellite book. I work next door at another william hill n next to us is the golden nuggett,which has its own sportsbook. He has a 'lucky' writer named Andy at the nuggett and they had fertitta approve the bet only because the main line setter, aaron, believes Michigan has a snowball's chance in hell.
GO BLUE IN CAPS! GO SNOWBALL!
March 21st, 2017 at 12:42 PM ^
Apparently this guy (Derek Stevens) is a Michigan grad. Class of 1990
http://www.reviewjournal.com/robin-leach/red-carpet-report-derek-steven…
March 21st, 2017 at 12:58 PM ^
A bit of an amusing personal story here - my first experience with an allowance of any kind coincided with my parents choosing to spend a night out with friends at Northville Downs. My allowance was all of $5, which bought you a bit more in the mid-1980s, but my dad handed me the bill and then got out the racing form and asked me if I wanted to bet my allowance on a horse.
Not being terribly familiar with odds in 5th grade, I chose a strategy of going for the first number that struck me - a horse with 50-1 odds. I pointed to that line and my dad chuckled but accepted and off they went.
At about 10:30 PM that night, my dad comes back with an envelope containing $250, so my first experience with getting an allowance - via a bet - was $250.
I did actually put a wager on Michigan long before the start of the Tournament - hoping to be similarly lucky on $20 to win about $2000, similar to one mentioned above.
I like where his head is at, but I think he's going to be waving bye-bye to that 12,500.
*Crosses fingers/toes/testicles hoping to be proven wrong*
Well yea, probably. But it's a great bet now that Michigan's odds to win it all are 15-1 and he's lying 80-1.
Aren't these often done as a business transaction, from one casino to another, as a hedge?
Put $20 on it at 110-1 just before the Big Ten Semis. Thinking about going back to Vegas just to cash it if (sorry, WHEN) it comes in.
What happens in Vegas . . . tell everybody.
to Mike Tyson for me.
Put $20 (8-1) on them to win the conference tournament and $5 (150-1) on them to win the national championship before the Big Ten tourny. Also put $5 on Florida (28-1) and and West Virgina (25-1).
I don't understand how betting lines work I don't think (have never really gambled).
I went to Vegas Insider, it shows Michigan at 18 / 1 odds to win the national championship.
Based on OP at 80 / 1 odds you just multiply your bet by the fraction?
So based on the current 18 / 1 odds if I bet $100 I have a chance at a $1800 payout (plus original wager) if Michigan won?
I could Google of course but I enjoy hearing the board.
At 18-1 odds for every $1 you bet you win $18 plus your initial bet if your team covers the spread.
I have $30 on them to win it all, it was just after BTT win... so line was 80/1.
This could be good news. Maybe this guy is in the mafia and his hench men have all of the refs bribed and scared to not screw over Michigan. One can hope! I hope the refs go to bed at night dreading the pain of broken knee caps.
October 23rd, 2020 at 12:32 AM ^
Guys, I want to visit Las Vegas so bad! It's my dream. There are so many interesting places. The Grand Canyon, the Hoover Dam. Of course, numerous casinos. I love gambling and I bet I'd be happy and broke in Vegas. For now, my only option to gamble is with casino apps which I search here https://casinos-rate.com/. Hopefully, the pandemic will end soon and I'll visit Vegas.