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March Madness Bet On Syracuse Could Yield $100K Win

Orange Were 1,000-1 In Vegas In Mid-January

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Syracuse, the first no. 10 seed to make the NCAA March Madness Final Four, could give one Las Vegas gambler a $100,000 payday.

According to a report from ESPN, Syracuse had odds as long as 1,000-1 in mid-January when the school’s record was 10-7, and at least one gambler stands to win a six-figure sum on a $100 bet if they can get past North Carolina on April 2 and then win in the National Championship game against the winner of Oklahoma and Villanova.

Syracuse beat Virginia this past weekend 68-62 after coming from behind in dramatic fashion. The Orange began the tournament at 300-1.

Villanova actually has the record for the lowest seed to ever win the tournament. In 1985, the Wildcats won the title with a no. 8 seed. Though Syracuse is the only no. 10 to make the Final Four, a few no. 11 seeds have done so in the past.

According to the American Gaming Association, a total of $9.2 billion was bet on this year’s March Madness tournament, an all-time and better than 2015’s $9 billion.

Of that figure, $262 million will be bet at regulated and licensed sports books in Nevada, according to the AGA. Nevada is the only state in the country with sports books, though Delaware does have limited sports betting.