A million reason why MSU should win the title

philhjr1 · 03-31-2015, 01:12 PM

Not sure if anyone else saw this artlice on ESPN, but BOY I hope this guy wins. The casino is sweating bullets and trying to scramble with coming up with the cash if this guy actually wins. In saying that, that guy has bigger you know whats then myself for making a bet like that even if he has a successful business.

Long story short, dude put down 20K on MSU to win the title at 50-1 odds early in the season and could be looking at clearing a cool Million if they win.

http://espn.go.com/chalk/story/_/id/...e-spartans-bet

NBAFAN · 03-31-2015, 01:28 PM

Now that is bold. Still this guy is lucky, who has 20k just to bet a long shot? Might as well bet 20k on Cavs when Lebron went back.

philhjr1 · 03-31-2015, 01:29 PM

Quote:

Originally Posted by NBAFAN

Now that is bold. Still this guy is lucky, who has 20k just to bet a long shot? Might as well bet 20k on Cavs when Lebron went back.

I hear ya, or buy 20,000 $1 dollar scratch offs, OR even $20K in wax for that matter.. LOLOL

Brad · 03-31-2015, 01:32 PM

He owns a couple casinos. A million dollar win will be a nice PR story for his brands, but won't be a life-altering event for him.

philhjr1 · 03-31-2015, 01:45 PM

Quote:

Originally Posted by Brad

He owns a couple casinos. A million dollar win will be a nice PR story for his brands, but won't be a life-altering event for him.

for sure its not going to send him or his business in the poor house if he loses, BUT I still would love to see him pull off the win to see how the other casino comes up with that much cash without interrupting the normal flow of their everyday business.

jeslan89 · 03-31-2015, 02:41 PM

Kinda reminds me of the man who bet on the cardinals to win when odds were 1/500 and 1/999

Man Bets Cardinals To Win World Series At 999/1 Odds - Business Insider

Specialkmaster · 03-31-2015, 02:43 PM

He'd be an idiot not to hedge at this point... If he can find casinos to take such a big action

miamitrev2 · 03-31-2015, 02:54 PM

Quote:

Originally Posted by Specialkmaster

He'd be an idiot not to hedge at this point... If he can find casinos to take such a big action

400K on Kentucky and like 100K each on Wisc and Duke?

gatorboymike · 03-31-2015, 05:53 PM

As long as Duke loses, I don't care who wins.

Specialkmaster · 03-31-2015, 10:49 PM

Quote:

Originally Posted by miamitrev2

400K on Kentucky and like 100K each on Wisc and Duke?

You have to ensure you don't take any further financial risk so it actually may prove more difficult than I initially thought. Looking at the numbers on bovada, michigan st 8-1, duke +325, Wisconsin is +375, and Kentucky is -150.

He may actually have to wait and hope michigan st upsets Duke before he can hedge profitably. I ran the #s and it doesn't look like it's workable.

Specialkmaster · 04-04-2015, 03:22 PM

Just saw on Sportscenter that he hedged his bet to ensure he breaks even at the very worst. He bet Duke ML $49k to win $20k... so if MSU wins, he'll have to fire a big bet on kentucky/Wisconsin ML in the championship game to get back the original $20k bet and the now $49k hedge bet that he's making

NBAFAN · 04-04-2015, 05:22 PM

Looking good for Michigan St so far. If Mich St wins the title, he will still walk away with a lot 800k or more.

03-31-2015, 01:12 PM	#1
philhjr1 Temporarily Suspended Join Date: Jan 2014 Location: New York Posts: 2,271 papabear1980	A million reason why MSU should win the title Not sure if anyone else saw this artlice on ESPN, but BOY I hope this guy wins. The casino is sweating bullets and trying to scramble with coming up with the cash if this guy actually wins. In saying that, that guy has bigger you know whats then myself for making a bet like that even if he has a successful business. Long story short, dude put down 20K on MSU to win the title at 50-1 odds early in the season and could be looking at clearing a cool Million if they win. http://espn.go.com/chalk/story/_/id/...e-spartans-bet Last edited by philhjr1; 03-31-2015 at 01:16 PM.

03-31-2015, 02:41 PM	#6
jeslan89 Member Join Date: Oct 2010 Location: So. Cal Posts: 2,985 jeslan89	Kinda reminds me of the man who bet on the cardinals to win when odds were 1/500 and 1/999 Man Bets Cardinals To Win World Series At 999/1 Odds - Business Insider __________________ Collecting Kobe, Jordan, Lebron, and other High-End

03-31-2015, 05:53 PM	#9
gatorboymike Member Join Date: Aug 2012 Location: Orlando, FL Posts: 1,012	As long as Duke loses, I don't care who wins. __________________ Collecting: Mike Dunleavy \| Avery Johnson \| Marreese Speights Home Page - http://www.freewebs.com/gatorboymike/index.html Trade List & PC - https://www.flickr.com/photos/140575244@N02/albums

03-31-2015, 01:28 PM	#2
NBAFAN Banned Join Date: Nov 2013 Posts: 195	Now that is bold. Still this guy is lucky, who has 20k just to bet a long shot? Might as well bet 20k on Cavs when Lebron went back.

03-31-2015, 01:32 PM	#4
Brad Member Join Date: Jul 2007 Location: MKE Posts: 3,947	He owns a couple casinos. A million dollar win will be a nice PR story for his brands, but won't be a life-altering event for him.

03-31-2015, 02:43 PM	#7
Specialkmaster Member Join Date: Oct 2014 Posts: 232 Specialkmaster	He'd be an idiot not to hedge at this point... If he can find casinos to take such a big action

04-04-2015, 03:22 PM	#11
Specialkmaster Member Join Date: Oct 2014 Posts: 232 Specialkmaster	Just saw on Sportscenter that he hedged his bet to ensure he breaks even at the very worst. He bet Duke ML $49k to win $20k... so if MSU wins, he'll have to fire a big bet on kentucky/Wisconsin ML in the championship game to get back the original $20k bet and the now $49k hedge bet that he's making

04-04-2015, 05:22 PM	#12
NBAFAN Banned Join Date: Nov 2013 Posts: 195	Looking good for Michigan St so far. If Mich St wins the title, he will still walk away with a lot 800k or more.