Covers - At one point this season, Virginia Commonwealth was 9,999-1 to win the NCAA tournament at the Las Vegas Hilton sportsbook.
At
5,000 to 1, Hilton book manager Jay Kornegay took a $10 bet on the Rams
to win the tournament. For those of you unsure of the math, that's a
$50,000 payout for that lucky bettor if the Rams cut down the nets next
Monday.
“We definitely have some liability associated with VCU
winning the title,” Kornegay told Covers.com in a phone interview from
Las Vegas. “I can’t say I’m comfortable.”
The sports books at the MGM Mirage and M Resort know the feeling.
Jay
Rood, book manager at the Mirage, told Covers.com Sunday that he took
“significant” futures action on VCU at 175-1 and Butler at 150-1. Mike
Colbert, book manager at the M, told the Las Vegas Review Journal
that he took some big-money bets on VCU at 16-1 before the Sweet 16.
And, over at Caesars, sportsbook analyst Todd Furhman wrote a ticket on
the Rams at 500-1 in January.
Shaka’s shakedown of Las Vegas is on.
I'm not sure if this guy was stupid, or pure genius. I guess risking $10 isn't to big of a deal, but it could be paying out big for one lucky gambler. If VCU wins the national championship he will make $50,000. Not bad for a days work. Let's GOOO Rams.
-Dow
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