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.
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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.
Villanova has won 10 straight games and is 8-2 ATS during the streak. The Wildcats have rolled through the NCAA Tournament, going 5-0 straight-up and ATS while winning each game by an average of 18 points.
Bruce Marshall’s daughter went to Loyola-Chicago, but the handicapper’s wife won’t be rooting for the Ramblers and Sister Jean — America’s favorite 98-year-old nun — in Saturday’s NCAA semifinals.
On an alternate point spread, Loyola-Chicago is a 3½-point favorite, at plus 290, over Michigan in Saturday’s national semifinal.
Handicapper Bruce Marshall went 12-5 ATS and hit both of his best bets to edge handicapper Kelly Stewart (12-5 ATS) by one point in the Review-Journal Madness Challenge.
Review-Journal sports betting columnist Todd Dewey, handicapper Kelly Stewart and CG Technology sports book vice president Matt Holt preview Saturday’s Final Four.