Have you ever made a bet knowing that it was so far fetched that you would probably never win it? We have all taken a chance on that underdog team and hoped that the ticket would come through at some point but how much would you stake? $5? $10? $20? How great would it be if that ticket came in and you won a few hundred dollars? What if you threw $1500 down on that underdog? That is exactly what someone did back in November!
Back in November, some guy made the above bet on Texas Tech to win the NCAA National Championship at 200-1 odds. A great bet for someone who has some confidence in the Red Raiders to make a run in March but to throw $1500 down on it is absolutely amazing. If the ticket comes through it will pay out over $300,000. WOW!!! I can't imagine putting an entire mortgage payment down on a sports bet that has very little chance of coming through. Maybe I could see myself throwing $50 or even $100 on the bet and that would be if I was super confident in that team which would be so hard to do back in November as the season was just getting started. $50 would have scored the guy $10,000 and that would be epic. Obviously, this person has a big pool of expendable cash and in less than a week it could pay HUGE dividends for him.
Now, to make things even more exciting, the bet slip is now available for purchase. The owner of the ticket has offered it up on a resale website for a modest $65,000. Here we are with only two games left for the Red Raiders to win and for a mere $65,000 investment, those two wins could net you $235,000 profit. WOW!! This guy could possibly get out right now with a huge win and the person who buys the ticket would be taking on such a MASSIVE risk. All this for a #3 seed who was not expected to be in the Final 4 let alone win a National Championship.
What is the biggest bet you have made? What is the biggest bet you have won? Would you have dropped $1500 on a 200-1 underdog? I know that I could never do it. It is just way too much coin to risk on a sports bet. I tend to save my bigger betting for my fantasy leagues. Between my different football leagues alone I spend about $400 a year in entry fees. At least with fantasy sports, I feel like I have some control over how my team does. I know that I will be watching very closely to see if this person wins the big money!
As you might know, the 300 SCR March Madness Pool is fast approaching its epic climax this weekend in Minneapolis. I posted the standings and laid out the scenarios in my most recent post:
As I was going through the teams again last night and looking at how the entire bracket has played out, I saw that I had overlooked a small item when tabulating the points on Monday. I had made an ERROR.
In that post, I announced that thesportsguru and bamamama were tied for the lead going into the final four weekend with 132 points. This scenario meant that there was a possibility of them ending up tied and having to go to a tiebreaker to determine the winner.
Unfortunately, I missed a bonus point that should have been awarded to Auburn for their win over North Carolina. Auburn is seeded #5 and therefore there was a 4 seed gap when they beat #1 NC. This means that Auburn should have been awarded 1 bonus point.
*** Bonus Points***
Bonus points will be awarded to teams that beat seeds that are higher than themselves in any game. This could happen in any round of the tournament.
Bonus points will be added as follows:
One point for an upset where the seed differential is 4-7
Two points if the seed differential is 8-11
Three points if the differential is 12-13
Five points if a 16-seed beats a 1 seed. (**This could only happen in the round of 16 after that the above rules would apply)
What does this mean for the pool?
Well, the same possibilities apply in terms of Texas Tech and Auburn winning games. If Texas Tech wins and Auburn loses then bamamama will be the winner. If Auburn wins and Texas Tech loses then thesportsguru will be the winner. If they both lose then thesportsguru would be the winner.
The same scenario applies to the battle between mikey, ronaldo420, and agfnzn10 for third. Mikey has Auburn and they both have Texas Tech.