A record $436.5 million was wagered on basketball, college and pro, at Nevada sports books in March, with the NCAA Tournament accounting for an estimated $305.5 million.
Search results for:
Derek Stevens, who owns the D Las Vegas and the Golden Gate, lost his $25,000 futures bet to win $1 million on the Wolverines but he won $100,000 on a $330,000 hedge bet he placed on the Wildcats on the money line Monday afternoon.
The Westgate listed odds on 190 of the 353 Division I college basketball teams.
Las Vegas casino owner Derek Stevens is guaranteed to end up a winner in the NCAA Tournament after placing a $330,000 money-line wager to win $100,000 on Villanova over Michigan at the William Hill sports book.
Villanova is a 6½-point favorite over Michigan and the total is 145½ in Monday’s NCAA championship game. Here’s a survey of opinions from Review-Journal staff members, other media, oddsmakers and professional handicappers.
Derek Stevens has gained priceless promotional value with his NCAA Tournament gambit. Before the tournament, the aggressively loyal Michigan grad bet $25,000 on the Wolverines to win the championship at 40-1 odds.