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Old 04-03-2019, 09:59 AM
wayne1218 wayne1218 is offline
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$1,500 Texas Tech title bet could net $300K

The Texas Tech Red Raiders are playing in their first Final Four in school history, and one bettor is hoping their magical run continues.

Back in November 2018, a bettor wagered $1,500 on the Red Raiders to win the national championship at 200-1 odds at the SuperBook at the Westgate Las Vegas. The ticket would win $300,000. ESPN has confirmed with the SuperBook that the ticket is legitimate.

Now, the bettor is looking to potentially hedge his bet and cash out through PropSwap, a secondary marketplace that allows sports bettors to buy and sell their futures tickets. The ticket has been posted with a price of $65,000, which would be the largest cashout in the company's history (since 2015).

The SuperBook has set up its futures book well and isn't too concerned. "Auburn is our only liability, and a small one at that," SuperBook vice president of risk Jeff Sherman told ESPN.

Michigan State is a consensus 2.5-point favorite over Texas Tech at U.S. sportsbooks. As of Tuesday night, nearly 60 percent of the money on the spread and 93 percent of the money on the moneyline at William Hill US sportsbooks was on Michigan State.

Texas Tech would be a 2-point favorite over Auburn if both advanced, and a 3-point underdog against Virginia, per the SuperBook.

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Old 04-03-2019, 10:17 AM
secondbase secondbase is offline
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I would hedge that one
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Old 04-03-2019, 11:42 AM
WildKat WildKat is offline
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I guess my $4 to win $200 wouldnt make for a nice story around the world?
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Kentucky Football: Beat Penn State
Kentucky Basketball..not as good as I thought
NewOrleans Saints: Lets Do it, Breezy
Cincinnati Reds:Should be more competitive in 2019
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Old 04-03-2019, 12:57 PM
sailfish sailfish is offline
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Good Luck to Him !!!
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Old 04-03-2019, 04:54 PM
New York Knight New York Knight is offline
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For those saying the owner of this ticket should just hedge by betting the other side, This is how much they would need to bet to profit $60K ...

$93,000 on Michigan St. ML -155


Then, if Texas Tech wins ...

$260,000 on Virginia ML -170


And if TTU wins that game ... now you’ve lost $50,000
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Old 04-03-2019, 06:07 PM
secondbase secondbase is offline
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fun
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Last edited by secondbase; 04-03-2019 at 06:09 PM.
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Old 04-03-2019, 06:12 PM
wayne1218 wayne1218 is offline
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He should take the 65 grand and run
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Old 04-03-2019, 06:48 PM
Whoson1st Whoson1st is offline
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Quote:
Originally Posted by wayne1218 View Post
He should take the 65 grand and run
For me 65K would be life changing so fully agree!

I have known a gambler or two that would not hedge.
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Old 04-03-2019, 09:26 PM
New York Knight New York Knight is offline
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This same guy also has $1500 bet to win $60,000 on Michigan State to win it all

Both tickets on sale ⁦at Prop Swap⁩
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Old 04-04-2019, 02:38 PM
Hoosiercatdaddy Hoosiercatdaddy is offline
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I have two separate $50 bets on them from midway through season. I got good odds but nothing like that. That would be amazing!
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Old 04-05-2019, 02:31 PM
New York Knight New York Knight is offline
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Texas Tech current high bidder, Dez Bryant at $50,000
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  #12  
Old 04-05-2019, 03:21 PM
New York Knight New York Knight is offline
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Dez's $50,000 got turned down
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Old 04-05-2019, 03:28 PM
belmont kid belmont kid is offline
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They got the best player left in the tournament in Culver,id let it ride!
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Old 04-05-2019, 03:30 PM
New York Knight New York Knight is offline
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Per PropSwap

Just got a confirmed bid of $57,500
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Old 04-05-2019, 03:51 PM
New York Knight New York Knight is offline
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Seller still looking for $65K
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  #16  
Old 04-05-2019, 05:28 PM
wayne1218 wayne1218 is offline
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I would take the 57 and run
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Old 04-05-2019, 07:06 PM
New York Knight New York Knight is offline
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The guy with the above 2 tickets also has another on the Red Raiders for $800 at 125/1 (to win $100,000)

He still has more NCAAB futures ...
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  #18  
Old 04-05-2019, 07:29 PM
springjk springjk is offline
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IMO he should sell the Michigan State one and gamble with the Red Raiders. He should find easy buyers for MSU
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  #19  
Old 04-05-2019, 07:37 PM
New York Knight New York Knight is offline
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Id call 151 and ask him what to do

He'd probably call ya back at halftime with the answer.
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Old 04-06-2019, 02:13 PM
New York Knight New York Knight is offline
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Per PropSwap, the guy with the $1,500 ticket on Texas Tech is going to let it ride

He was looking for at least $62.5K ... $57.5K was highest bid
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  #21  
Old 04-06-2019, 10:05 PM
New York Knight New York Knight is offline
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1 away ...
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Old 04-06-2019, 10:09 PM
secondbase secondbase is offline
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ya have to hedge it now
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Old 04-07-2019, 07:22 PM
New York Knight New York Knight is offline
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The guy who holds the ticket got offers today on ⁦PropSwap⁩ for up to $125,000 ... He passed.

No info on his hedge strategy, but the word is he does have a position on Virginia.
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  #24  
Old 04-07-2019, 07:38 PM
wayne1218 wayne1218 is offline
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Based on the line I wouldn't sell it for any less than 200-225
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  #25  
Old 04-07-2019, 07:46 PM
New York Knight New York Knight is offline
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Plus he's also sitting on that Tech $800 at 125/1
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