Who puts 20K on a team 3 months out?
Derek Stevens has been known to place up to a $1,000 bet on an NFL game, but he’s never made a bet this big.
Stevens, owner of The D and Golden Gate hotels in Las Vegas, walked into the Golden Nugget casino in Las Vegas back in December and bet $20,000 on Michigan State to win it all. At 50-1 odds, the payout would be a cool $1 million. With the Spartans having an underwhelming 8-3 record at the time, Golden Nugget sportsbook director Tony Miller had to figure that the odds were in his favor, so despite it being a larger bet than they normally allow, Miller quickly got the casino owner’s approval and the bet was made official.
Of course, that was four months before Michigan State’s flawless run through their portion of the NCAA tournament bracket, and with only two wins to go, Miller is now beginning…
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