Man lays a $50,000 bet on the Warriors to beat the Jazz and the return is really not worth the bet
You can either be that dumb of a person or you have so much money you are a prick is the only explanation for a $50,000 bet on the Warriors
On Tuesday afternoon, hours before heavily favored Golden State tipped off with Utah, the Westgate SuperBook had taken just one bet on the Warriors to beat the Jazz in the seven-game series — a $50,000 bet at -10,000 odds.
If Golden State prevails, the risk-taker will net a profit of $500. To repeat, that’s $50,000 to $500.
The Jazz were as much as 20-1 underdogs to eliminate the Warriors, the outright favorites to win NBA championship.
Another bettor at William Hill chose the opposite strategy and bet $200 on the Warriors to win the series at -7,000 odds. Their bet would net $2.85.
For anyone who really isn’t into the betting world the payout for a -10,000 odds if you lay down $50,000 dollars is only $500 bucks. Now let that sink in for one moment…. Las Vegas letting the bet slip out is a hilarious thing to do. This guy now is getting blasted all over the internet and hopefully in his life too for making the dumbest bet you can possibly make.
The whole purpose of making bets is to make money not throw huge sums of money into an absolute sure thing that isn’t a racehorse. At least with the racehorse, the odds will be much much better, for example, let’s take the Kentucky Derby this year. The favorite this year on the site that I partake on is a horse named Classic Empire. The line that I see right now is a +400. Now if I wanted to put $50,000 on this horse and it wins I would make $200,000 plus the $50,000 I bet. This guy when the Warriors eventual win the series only gets back the $50,000 and then the $500 for winning the bet. That just enough money for a car payment and a night out at Chilis. The guy must have looked at it wrong or just didn’t understand how these things work. If he is the arrogant prick rich guy type who doesn’t care about throwing money around that fuck that guy.
Plus how big a dick head the person has to be to take that bet. If it was a person they had to be laughing so hard on the inside they might have peed their pants. The upside for them is thru the roof. If the Warriors win only out $500 but if they lose then you can say you met the dumbest person alive.