For the actual games, March Madness chances are clearly very high. Sportsbooks throughout the country reported high activity during the first 48 games of the NCAA Tournament, as we witnessed during the first four days.
However, a lot of gamblers also placed bets on March Madness championship odds in an attempt to forecast the future. And about a year ago, some of those wagerers went all Nostradamus and placed their wagers.
This is the situation with a customer of Hard Rock Bet who is about to convert five dollars into a huge six-figure payout.
For more on that play and other noteworthy NCAA Tournament wagers, continue reading.
Put Up Your Duke
On May 12, 2024, before the Tennessee baseball team won the College World Series, a prescient bettor put together this five-team futures parlay at Hard Rock Bet:
- Tennessee +650 to win the CWS
- Los Angeles Dodgers +300 to win the World Series
- Ohio State +450 to win the College Football Playoff
- Philadelphia Eagles +1600 to win the Super Bowl
- Duke +1100 to win March Madness
Add that all up, and you’ve got massive odds of +3365900 — or, in somewhat more digestible terms, 33,659/1. The first four legs are already wins. The bettor has been waiting around for that last leg since Feb. 9, when the Eagles thumped the Kansas City Chiefs 40-22 in Super Bowl 59. And Duke now happens to be the favorite to win the national title, currently at +225. But there’s a dilemma for the customer: Hard Rock Bet is offering an early cashout option, for $49,126.77. Or the bettor can keep letting it ride for a shot at a whopping $168,300, if the Blue Devils lift the trophy on April 7 in San Antonio.
For most of us, turning $5 into over $50,000 would be plenty. My wife told me that we would have been cashing out yesterday if we had the ticket. which I obtain.
In order to find out what Hard Rock’s cashout offer is at that stage, the owner of this lottery ticket parlay could be hoping the Blue Devils make it to the Elite Eight. Or even the offer in the event that Duke advances to the Final Four.
Additionally, there is a chance to hedge and lock in profit. However, that probably means calculating an irrational amount of money for a $5 futures parlay bet.
