Poker Coverage: Poker Legislation Poker Tournaments U.S. Poker Markets Sports Betting
Wsopbanner

Anonymous Gambler Could Turn $1,500 Into $300K With Texas Tech NCAA Basketball Championship Victory

$1,500 Bet Was Placed In November At 200-1 Odds

Print-icon
 

The Texas Tech Red Raiders will square off against the University of Virginia Cavaliers Monday night for the NCAA men’s basketball national championship.

One gambler could win $300,000 if the Red Raiders come out victorious. According to ESPN Chalk, there is an unnamed gambler who bet $1,500 on Texas Tech to win the title at 200-1 odds.

The bettor placed the wager at the SuperBook at the Westgate Las Vegas last November. He also placed bets on the University of Wisconsin Badgers at 100-1 odds, which didn’t work out, and made a smaller bet on the University of Virginia. So either way, the gambler will walk away with some cash at the end of the night… it’s just a matter of how much.

According to ESPN writer Ben Fawkes, the gambler originally wanted to bet more on Texas Tech, but the sportsbook wouldn’t take any more of his action.

“He asked for more, to which we said, ‘No.’ I think to win $300,000 is pretty good,” said Westgate Sportsbook Director John Murray .

Since the bettor does have a smaller bet on Virginia, there is no real need to hedge his massive payday, but even if he didn’t have the other side, it looks as if he would be letting it ride.

He turned down multiple offers for the ticket on PropSwap, a website that allows gamblers to sell their futures tickets to other gamblers at an agreed upon price. According to ESPN, he turned down a $125,000 offer for his ticket and a Dallas Morning News article claims that he denied a $50,000 offer from NFL wide receiver Dez Bryant.

“I liked the long odds on Texas Tech at 200-1,” the bettor said. “I had bets on them last year at 250-1, and even though they fell short in the Elite Eight, they returned a lot of the same guys and the same coach.”

The NCAA men’s basketball national championship game tips off at 6:20 p.m. PT on CBS.