Sports

Actions

A bettor picked Texas Tech to win the NCAA title at 200/1 odds. You can buy the ticket to win $300K

Posted: 2:03 PM, Apr 05, 2019
Updated: 2019-04-05 16:10:23-04
NCAA Basketball Tournament - West Regional - Anaheim

Some lucky (or brilliant) sports bettor picked Texas Tech to win the NCAA tournament in November, and now you can buy their ticket that could net $300,000 if the Red Raiders hoist the trophy Monday night.

And, for the low low cost equivalent to 73 Epic passes, it could be yours.

According to ticket exchange PropSwap , an unidentified bettor put $1,500 on Texas Tech – which reached the Elite 8 in 2018 – to win the 2019 national title. At 200/1 odds, a win would be worth $300,000.

“It’s one of the best sports bets I’ve ever seen,” PropSwap co-founder Luke Pergande told the Philadelphia Inquirer .

But with the Red Raiders just two wins away from the first title in program history, that bettor is entertaining the idea of cashing out . The ticket is listed for sale on PropSwap for $65,000.

A sale at that price point be a sevenfold increase over the ticket exchange’s reported previous college basketball record.

According to ESPN’s Darren Rovell , a different bettor who put $250 on Texas Tech to win the title sold that ticket – with the potential to earn $50,000 – for $8,750.

So, what would you do?

For the seller, $65,000 is more than 43 times the initial investment – any bettor’s dream. For a prospective buyer (at least one looking to come away with $300,000), $65,000 is technically a bargain. Texas Tech now carries 4/1 odds to win the title, which means you’d have to bet $75,000 to win that amount.

The Red Raiders are 2.5-point underdogs in Saturday’s semifinal matchup against Michigan State. If they were to win Saturday, they’d face the winner of Virginia and Auburn for the national title.