The Texas Tech Red Raiders are playing in their first Final Four in school history, and one bettor is hoping their magical run continues.
Back in November 2018, a bettor wagered $1,500 on the Red Raiders to win the national championship at 200-1 odds at the SuperBook at the Westgate Las Vegas. The ticket would win $300,000. ESPN has confirmed with the SuperBook that the ticket is legitimate.
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<source data-srcset="https://a.espncdn.com/combiner/i?img=%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=570&format=jpg, <a href=" https:="" a.espncdn.com="" combiner="" i?img="%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=1140&cquality=40&format=jpg"" target="_blank">https://a.espncdn.com/combiner/i?im...40x360_16-9.jpg&w=1140&cquality=40&format=jpg 2x" media="(min-width: 376px)" srcset="https://a.espncdn.com/combiner/i?img=%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=570&format=jpg, <a href="https://a.espncdn.com/combiner/i?img=%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=1140&cquality=40&format=jpg" target="_blank">https://a.espncdn.com/combiner/i?im...40x360_16-9.jpg&w=1140&cquality=40&format=jpg 2x" style="box-sizing: border-box;"><source data-srcset="https://a.espncdn.com/combiner/i?img=%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=375, <a href=" https:="" a.espncdn.com="" combiner="" i?img="%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=750&cquality=40&format=jpg"" target="_blank">https://a.espncdn.com/combiner/i?im...640x360_16-9.jpg&w=750&cquality=40&format=jpg 2x" media="(max-width: 375px)" srcset="https://a.espncdn.com/combiner/i?img=%2Fphoto%2F2019%2F0403%2Fr523743_640x360_16%2D9.jpg&w=375, https://a.espncdn.com/combiner/i?im...640x360_16-9.jpg&w=750&cquality=40&format=jpg 2x" style="box-sizing: border-box;">
<figcaption class="photoCaption" style="box-sizing: border-box; color: rgb(72, 73, 74); font-size: 11px; line-height: 16px; padding-top: 10px; position: relative;">A $1,500 wager on Texas Tech will net over $300,000 if they win it all. <cite style="box-sizing: border-box; color: rgb(165, 166, 167); font-style: normal; display: inline-block;">SuperBook</cite></figcaption></figure></aside>Now, the bettor is looking to potentially hedge his bet and cash out through PropSwap, a secondary marketplace that allows sports bettors to buy and sell their futures tickets. The ticket has been posted with a price of $65,000, which would be the largest cashout in the company's history (since 2015).
The SuperBook has set up its futures book well and isn't too concerned. "Auburn is our only liability, and a small one at that," SuperBook vice president of risk Jeff Sherman told ESPN.
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Texas Tech would be a 2-point favorite over Auburn if both advanced, and a 3-point underdog against Virginia, per the SuperBook.
Back in November 2018, a bettor wagered $1,500 on the Red Raiders to win the national championship at 200-1 odds at the SuperBook at the Westgate Las Vegas. The ticket would win $300,000. ESPN has confirmed with the SuperBook that the ticket is legitimate.
<aside class="inline inline-photo full" style="box-sizing: border-box; font-family: -apple-system, BlinkMacSystemFont, Roboto, Arial, "Helvetica Neue", Helvetica, sans-serif; height: 360.175px; border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: rgb(220, 221, 223); border-left-color: initial; border-image: initial; clear: both; margin: 6px 0px 18px; padding: 0px 0px 15px; width: 565px; color: rgb(0, 0, 0); font-size: 16px;"><figure style="box-sizing: border-box; line-height: 0; margin: 0px; position: relative;">
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<figcaption class="photoCaption" style="box-sizing: border-box; color: rgb(72, 73, 74); font-size: 11px; line-height: 16px; padding-top: 10px; position: relative;">A $1,500 wager on Texas Tech will net over $300,000 if they win it all. <cite style="box-sizing: border-box; color: rgb(165, 166, 167); font-style: normal; display: inline-block;">SuperBook</cite></figcaption></figure></aside>Now, the bettor is looking to potentially hedge his bet and cash out through PropSwap, a secondary marketplace that allows sports bettors to buy and sell their futures tickets. The ticket has been posted with a price of $65,000, which would be the largest cashout in the company's history (since 2015).
The SuperBook has set up its futures book well and isn't too concerned. "Auburn is our only liability, and a small one at that," SuperBook vice president of risk Jeff Sherman told ESPN.
<aside class="inline editorial float-r" data-behavior="article_related" style="box-sizing: border-box; font-family: -apple-system, BlinkMacSystemFont, Roboto, Arial, "Helvetica Neue", Helvetica, sans-serif; height: 216.8px; border: 1px solid rgb(220, 221, 223); clear: none; margin: 6px 0px 15px 18px; padding: 15px; width: 282.5px; float: right; color: rgb(0, 0, 0); font-size: 16px;">EDITOR'S PICKS
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PropSwap: the eBay for sports bettors
There currently is no secondary market for sports betting in Nevada. Two young Vegas entrepreneurs are attempting to change that with their company PropSwap, which allows customers to buy and sell live wagers before an event takes place.
Texas Tech would be a 2-point favorite over Auburn if both advanced, and a 3-point underdog against Virginia, per the SuperBook.