A VCU Win at 2011 NCAA Championship “Bomb Waiting to Explode” Says Sportsbook Director

Written by:
Don Shapiro
Published on:
Mar/29/2011
VCU Win 2011 NCAA Championship

The head of Las Vegas Hilton’s sportsbook told the media that, should Virginia Commonwealth University (VCU) go on to win the 2011 NCAA Championship, it would be a "bomb waiting to explode”.

While few bets were likely taken on VCU winning the Southwest Region at 150/1 odds coming into the Tournament, the Rams have become “America’s Team” after knocking off Kansas and advancing into the Final Four as one of the biggest Cinderella stories ever.  Some oddsmakers maintain long numbers even after VCU maneuvered their way out of the First Four. 

The bets have streamed in since their improbable rise throughout the Tournament.

While many of the online sportsbooks offered up VCU among the “field” options that would pay out a mere 10/1, the Hilton did get caught off guard by offering the Rams at 5000/1 early on in the season to win the 2011 NCAA Championship.

The $10 bet placed will pay out an incredible $50,000 should VCU go on to win.

"We definitely have some liability associated with VCU winning the title," Hilton’s Jay Kornegay told Covers.com. "I can't say I'm comfortable."

It could have been far worse.  Hilton had listed Virginia Commonwealth at 1000/1 odds at one point during the season. 

"They probably would have been much higher like 400- or 500-1, if they weren't associated with the field" Kornegay said. "But because they were playing in the play-in game, we put them in the field. I mean we had them at 200-1 to win the region."

Hilton can have some comfort in knowing they are not alone.

Jay Rood, book manager at the Mirage, told Covers.com Sunday that he took "significant" futures action on VCU at 175-1 and Butler at 150-1. Mike Colbert, book manager at the M, told the Las Vegas Review Journal that he took some big-money bets on VCU at 16-1 before the Sweet 16. And, over at Caesars, sportsbook analyst Todd Furhman wrote a ticket on the Rams at 500-1 in January.

- Don Shapiro, Gambling911.com

 

Follow us on Twitter for all the latest breaking gambling news

Follow us on Facebook.  Become a fan here.

Basketball Odds News

Drake Superfan Sideshow Betting Props for NBA Eastern Conference Finals Game 6

Bet on Drake: Raptors Rapper Superfan Betting Props for Game 6 of Eastern Conference Finals

Drake has become the sideshow of the NBA's Eastern Conference Finals, and one bookie is having some fun with the superfan rapper.

NBA Finals Early Series Odds 2019

NBA Finals Early Series Odds 2019

Dave Mason of BetOnline has released early series odds for the 2019 NBA Finals with two available scenarios.

What Happens to My Bet When a Game is Suspended or Postponed

With the Duke vs. North Carolina game cancelled due to inclement weather cancelled, this is a good time to answer the question: What happens to my bet when a game is suspended or postponed?

How to Bet on Sports - NBA Philadelphia 76ers Special Player Props

How to Bet on Sports - NBA Philadelphia 76ers Special Player Props

The Milwaukee Bucks in the Eastern Conference and the Golden State Warriors in the Western Conference appear to be on a direct collision course to meet in this season’s best-of-seven NBA Finals.

NBA Awards and Updated 2019 Championship Title Odds

NBA Awards and Updated 2019 Championship Title Odds

We're more than a month away from the NBA Awards show on June 24, but SportsBetting.ag (www.sportsbetting.ag, Twitter: @SportsBettingAG) has updated its odds for MVP and other league accolades, except for Rookie of the Year.

Syndicate