Las Vegas casino owner gets win, no $1M payday as Michigan loses

Updated April 2, 2018 - 10:19 pm

Derek Stevens didn’t cash his $1 million ticket on Michigan, but the Las Vegas casino owner still came out on top on his wagers Monday night and for the NCAA Tournament.

Stevens, who owns the D Las Vegas and the Golden Gate, lost his $25,000 futures bet on the Wolverines placed at the Golden Nugget when Michigan was defeated 79-62 by Villanova in the NCAA title game. But he won $100,000 on a $330,000 hedge bet he placed on the Wildcats on the money line Monday afternoon at William Hill sports book.

Minus the $52,000 in hedge bets he lost on Loyola-Chicago in the Wolverines’ win on Saturday and Stevens ended up with a net profit of $23,000.

The Michigan grad also won $16,000 in the first round of the NCAA Tournament — when he went 17-14-2 on 33 $11,000 wagers — bringing his total tournament winnings to $39,000.

Contact reporter Todd Dewey at tdewey@reviewjournal.com. Follow @tdewey33 on Twitter.

ad-high_impact_4
Sports Betting Spotlight Videos
Sports Betting Spotlight: College Football Week 8
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 8 of the college football season.
Sports Betting Spotlight: NFL Week 7
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 7 of the NFL football season.
Sports Betting Spotlight: College Football Week 7
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 7 of the college football season.
Sports Betting Spotlight: College Week 6
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 6 of the college football season.
Sports Betting Spotlight: NFL Week 5
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 5 of the NFL football season.
Sports Betting Spotlight: College Week 5
Todd Dewey and John Lukasik go over their picks for week five of college football.
Sports Betting Spotlight: NFL Week 4
Todd Dewey and John Lukasik go over their picks for week four of the NFL.
Sports Betting Spotlight: College Football Week 4
Todd Dewey, Kelly Stewart and The Cromwell sports book director, John Lukasik go over their picks for week four of college football.
Sports Betting Spotlight: NFL Week 3
Todd Dewey, Kelly Stewart and The Cromwell sports book director, John Lukasik go over their picks for week three of the NFL.
Sports Betting Spotlight: Canelo vs. GGG
Todd Dewey, Kelly Stewart and The Linq Hotel sports book director, John Lukasik go over the lines and their picks for Canelo vs. GGG 2.
Sports Betting Spotlight: College Football Week 3
Todd Dewey, Kelly Stewart and The Linq Hotel sports book director, John Lukasik go over their picks for week three of college football.
Sports Betting Spotlight: NFL Week 2
Todd Dewey, Kelly Stewart and The Linq Hotel sports book director, John Lukasik go over their picks for week two of the NFL.
Sports Betting Spotlight: NFL Week 1
Todd Dewey, Kelly Stewart and Matt Holt go over their picks for week one of the NFL.
Sports Betting Spotlight: College Week 2
Todd Dewey, Kelly Stewart and USIntegrity president Matt Holt goes over their picks for week two of college football.
Sports Betting Spotlight: New York Giants
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New York Giants season.
Sports Betting Spotlight: New York Giants
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New York Giants season.
Sports Betting Spotlight: Buffalo Bills
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 Buffalo Bills season.
Sports Betting Spotlight: New York Jets
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New York Jets season.
Sports Betting Spotlight: Miami Dolphins
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 Miami Dolphins season.
Sports Betting Spotlight: Atlanta Falcons
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Atlanta Falcons will perform in the 2018 season.
Sports Betting Spotlight: Carolina Panthers
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Carolina Panthers will perform in the 2018 season.
Sports Betting Spotlight: New England Patriots
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New England Patriots season.
Sports Betting Spotlight: Tampa Bay Buccaneers
Description: Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Tampa Bay Buccaneers will perform in the 2018 season.
Sports Betting Spotlight: New Orleans Saints
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the New Orleans Saints will perform in the 2018 season.
Sports Betting Spotlight: Houston Texans
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Houston Texans will perform in the 2018 season.
Sports Betting Spotlight: Tennessee Titans
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Titans will perform in the 2018 season.
Sports Betting Spotlight: Indianapolis Colts
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Indianapolis Colts will perform in the 2018 season.
Sports Betting Spotlight: Jacksonville Jaguars
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Jacksonville Jaguars will perform in the 2018 season.
Sports Betting Spotlight: Detroit Lions
Sports Betting Spotlight host Todd Dewey, Kelly Stewart and CG Analytics Oddsmaker Will Bernanke go over the odds for the Detroit Lions 2018 season.
Sports Betting Spotlight: Chicago Bears
Sports Betting Spotlight host Todd Dewey, Kelly Stewart and CG Analytics Oddsmaker Will Bernanke go over the odds for the Chicago Bears 2018 season.
Sports Betting Spotlight: Green Bay Packers
Sports Betting Spotlight host Todd Dewey, Kelly Stewart and CG Analytics Oddsmaker Will Bernanke go over the odds for the Green Bay Packers 2018 season.
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like