Some bettors have all the luck. They bet the Auburn Tigers at 1,000-1 odds to win the national title — and they’re only one win in the BCS title game from collecting a windfall.
That has the bookmaker who sold the tickets a bit nervous, but maybe not as much as you might think. In the sports betting business it’s not just the customers who take all the risks.
“Being in the gambling world every once in a while you’re going to get in situations that might not be favorable for your property,” said Jay Kornegay, who runs the sports book at the LVH hotel in this gambling city. “This is one of them.”
Kornegay says all of the bets are relatively small, though they do add up when multiplied by 1,000. They were taken during the spring when Auburn had a new coach, was coming off a 3-9 record and the general consensus was that there were five or six teams in the SEC alone that were better than the Tigers.
It didn’t take long for Auburn supporters to notice, and put a few bucks on their team just for the sport of it.
“We’re a player friendly book and are very aggressive with our futures odds,” Kornegay said. “I wish we had opened them at 100-1, but we didn’t.”
The LVH had the longest odds for the Tigers, but other sports books took what looked to be sure money on Auburn, too. One Auburn bettor posted a picture of his betting slip from the LVH on Twitter showing a wager of $5 on the Tigers at 1000-1 odds.
A bird in the hand is worth two in the bush. It would be a waste to be so close without walking away profitable.
Sportspicks.com wants to talk to you if your one of the people holding onto one of these tickets. We will buy the ticket from you and pay you cash NOW. If your holding a ticket and want to cash out now, please contact us at info (@ ) Sportspicks.com
Auburn could be the rare longshot that does, though the Tigers aren’t the biggest potential payday for bettors in recent years. That honor would belong to Virginia Commonwealth — a team that many felt didn’t even belong in the tournament — making it to the Final Four in 2011.
“It’s not like we’re going to have to raise price of our grilled cheese sandwiches,” Kornegay said. “Certainly we’re rooting for the Seminoles at this point but we have a month to adjust our money lines to make it a softer blow.”
It could be worse. The LVH made Philadelphia 9,999-1 underdogs to win the NBA championship this season, only to see the 76ers beat defending champion Miami in their first game and open the season 3-0. Since then, Philadelphia has reverted to form, losing 15 of 19.