We already know that the World Cup is one of the biggest sports people place bets on, but 2015 March Madness and the Super Bowl are right behind it, and a lot, I mean a whole lot, of money is lost and won during this. Here’s a close look at the University of Kentucky and how some long sited or just plain lucky people might make a small fortune if the odds hold out for them.
Before the college basketball season started, at least 39 people placed a bet at a Nevada sportsbook with 50:1 odds. It’s looking like quite a brilliant wager right about now.
Because the season is so long, and because no team has gone undefeated in nearly four decades, gamblers were initially given long-shot odds that Kentucky could accomplish the feat in 2014-2015. Last summer, the William Hill sportsbook in Nevada began accepting bets that would pay off 50-to-1 if Kentucky won every game, including the tournament. According to ESPN, at least 39 people took those odds, including one $500 bet that will pay off to the tune of $25,000 if Kentucky wins its final three games.
Kentucky has had some close games this year, including back-to-back overtime games in January, against Ole Miss and Texas A&M. So it’s indeed possible that John Calipari’s super-talented squad could lose. But as NCAA March Madness entered the Sweet Sixteen this week, sportsbooks listed Kentucky as the overwhelming favorite, with 1:1 odds. Arizona was a distant second at 13:2, and all the other contenders were even bigger long shots. In other words, casinos have been practically begging gamblers to bet on any team other than Kentucky.
Yet even if Kentucky does run the table, there are those who will argue—fairly convincingly—that this year’s team is not the best ever. Not by a long shot. In fact, Vegas oddsmakers say that the 2014-15 Kentucky team would be the underdog in theoretical matchups against several notable college squads from the past, including the undefeated 1976 Indiana team, UNLV circa 1991 with Larry Johnson, Stacey Augmon, and Greg Anthony, and even the 2012 Kentucky team that won the national championship and had six players drafted into the NBA—but that didn’t go undefeated for the entire season.