ESPN:Vegas bettor holds 1000 to 1 Syracuse NC ticket
 

The first No. 10 seed to reach the Final Four has a Las Vegas sportsbook sweating.

On Jan. 13, the Westgate SuperBook had Syracuse listed at 1,000-1 to win the NCAA tournament. Even though the Orange were struggling at that point, some folks had faith. The Westgate booked four bets, totaling $135, at that price, including a $100 ticket that would pay $100,100.

The underdog Orange came from behind to knock off Virginia on Sunday night and advance to the Final Four. Syracuse was down as many as 16 points early in the second half and trailed 54-39 with 9:33 to play. The Orange closed with a 29-8 run to win.

At one point in the second half, the Orange were a 16-1 underdog to win the game at William Hill's Nevada sportsbook. In the first half, a Syracuse believer took a $350 stab on the Orange at 14-1 odds. That person won $4,900.

Virginia was a -5,000 favorite to win straight up at one point in live wagering at William Hill. Late in the first half, with the Cavs in control, William Hill took a $2,400 money-line bet at -3,000 odds. It would have netted $80.

Syracuse was only listed at 1,000-1 for a week at the SuperBook before being trimmed down to 500-1 on Jan. 13. That was still an attractive price to a few bettors. In fact, the same bettor who put $100 on the Orange at 1,000-1 odds also took them at 500-1 twice at $50 a pop. The bettor has put all three tickets up for sale for $6,069 at Propswap, a Las Vegas site that acts as a secondary market, allowing people to buy and sell tickets from Nevada sportsbooks.

Jay Kornegay, vice president of race and sports at the Westgate and a 20-plus-year Vegas veteran, said he could not recall a 1,000-1 bet ever cashing. Auburn was 1,000-1 during the 2012-2013 college football season and reached the championship game before falling to Florida State.

At other Las Vegas sportsbooks, Syracuse never got as high a 1,000-1, but could still do some damage to the bottom line. The Orange were 300-1 at one point at CG Technology, and a bettor put down $200 on them to win it all, according to vice president of race and sports Jason Simbal. William Hill booked a $200 bet on Syracuse at 250-1 on Feb. 2 and a $2 bet at 400-1 on March 13.

Syracuse began the season at 100-1 to win the national title. Coach Jim Boeheim was suspended for nine games, a suspension that stretched from early December into conference play. The Orange lost their first four ACC games and were 10-7 on Jan. 9 after a home loss to North Carolina. Syracuse was one of the biggest surprises to get into the NCAA tournament field and began the tournament at 300-1.

At -475 UNC Moneyline it's going to take a helluva bankroll to make it profitable but maybe someone will pay what he's asking.

Hedge like a mother ****er.

Guaranteed payoff if you aren't a complete idiot.

When I got to Vegas on the 15th they were 150/1 and I opted not to bet it,when I left on the 22nd I threw $20 at it at 40/1.

My stakes aren't even close to that guy but I have to let it ride and just hope like hell that the 3rd time is a charm.

He won't be able to make much more than a grand or two without massive hedges.

If he wants to make four grand he'd have to take out a $20K plus on UNC. If They win, he clears about $4000. But if Syracuse wins, he's out $20K.

Their opponent wlil likely be +350 in the NC game. If he put $75 grand on Nova/OU, he'd only clear about $21 grand, which means he'd need to put $95K on the line to make either $1K or $4K.

If he waits until the national title game, he could put $75,000 on the favorite and clear $20-$25K either way.

On the other side, you had to bet $63,000 on the UConn women tonight to win $100. Good luck with that.

LOL

Let's get fifty CPers to chip in on it