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Dan Bilzerian Wins $1.2 Million Cycling Bet

Gambler Completes 300-Mile Ride From Vegas To L.A.

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While there hasn’t been an official announcement yet, high-stakes gambler Dan Bilzerian has successfully completed his 300 mile Las Vegas-to-Los Angeles cycling prop bet, which netted him roughly $1 million, according to various posts on Twitter.

Hedge fund manager and fellow poker player Bill Perkins, who bet $600,000 against Bilzerian, said on Twitter in the early morning hours on Thursday that Bilzerian was close to the end. The ride had to be completed by 11:59 p.m. PST on Thursday, Mar. 31, but Bilzerian only had 48 hours after he began peddling to make his way across the Mojave Desert.

He began the ride at around 3:30 p.m. PST on Mar. 29 (with a police escort) at the “Welcome to Fabulous Las Vegas” sign, so he completed it well within the alloted time.

Several high-stakes poker players were giving their congratulations to Bilzerian early Thursday morning, with Perkins also saying that he is now thinking of follow-up prop bets to make with the Instagram celebrity, known for photos of women and guns.

At one point there was some concern that the 35-year-old Bilzerian was breaking the rules by drafting behind a van that was filming the ride. It was eventually settled that drafting was OK, but, like mentioned above, the van was later taken away.

In order to prepare for the ride, Bilzerian convinced Lance Armstrong to coach him. Bilzerian agreed to donate $25,000 to Armstrong’s child-cancer charity. Bilzerian told The New York Post that he was also spending more than $100,000 on equipment and all the people helping him during the ride. Bilzerian stood to lose his private jet to Rick Salomon if he died on the road.