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BankrollMob Betting News

mar
21

Las Vegas casino owner could earn $1 million if Michigan wins NCAA tournament

Tags: Derek Stevens, Las Vegas, Michigan, NCAA.
Posted on Tuesday, March 21, 2017 by "T".

Detroit resident and Las Vegas casino owner Derek Stevens is potentially going to earn $1 million should his alma mater Michigan Wolverines win the national title. Derek Stevens plopped down $12,500 on Michigan before the NCAA Tournament commenced, which looks like he's set to win the whole thing - and even by Sin City standards, he's now four wins away from a massive payday.

He posted his Ticket on his Twitter feed:

 

According to the ticket, if Michigan emerges victorious in the national championship, Stevens is standing to win an awesome $1 million!

Stevens, who owns the Golden Gate Hotel and Casino as well as The D Las Vegas Hotel and Casino, which are both located in downtown Vegas, placed his wager at the Golden Nugget. CEO of Golden Nugget Tilman Fertitta seems calm and collected, sending a tweet at Stevens on Sunday afternoon, "Should be fun my friend!"

Stevens made the headlines prior to the NCAA Tournament when he placed an $11,000 bet on each of the 32 first-round games, against the spread. He amazingly won on both his bets on his home-state teams, picking Michigan and Michigan State to win their openers.

This is actually not the first time Stevens had bet huge money on a Michigan team to win all the way. Two years ago, he dropped $20,000 on the Spartans to win the NCAA championship, when Tony Miller, the Golden Nugget sportsbook director, accepted the bet on rival Michigan State at 50-1 odds on December 5. Stevens and Miller are known as good friends and Stevens is a regular at the sports book.

After a devastating start, Stevens lost a sum of $109,000 after going 10-19-3 on his bets from Tuesday through Friday. On Friday, he was down $124,000 and 3-14-2. His total wager was at $352,000 as he bet on all 32 games of the first round of the March Madness tournament.

Sources: https://news.worldcasinodirectory.com/vegas-casino-owner-to-pocket-1-million-if-michigan-wins-ncaa-tournament-43808

https://twitter.com/DerekJStevens/status/843568028528795648

 


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8 comments for "Las Vegas casino owner could earn $1 million if Michigan wins NCAA tournament"

 doubletop7773/21/2017 9:04:25 AM GMT
This could turn out to be an amazing bet and, even though he doesnt need the money, i always like to see a big bet come in. I will be cheering on Michigan and hope he collects
 Gerimantas3/21/2017 10:10:19 AM GMT
I am not really understand how this guy bets, i only understand a simple bet or a combi bet made from many simple betd, but thus is something different. Still he is making very big bets so probably has very much money that he can even lose, or just likes big risk

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I am not really understand how this guy bets, i only understand a simple bet or a combi bet made from many simple betd, but thus is something different. Still he is making very big bets so probably has very much money that he can even lose, or just likes big risk
 pochui3/21/2017 8:45:54 PM GMT
man again this fat pig face, can someone change the picture, i will pay $2 millions if you do. no need for sweating over sports result, no need for walking to the local betting shop or as it also can be called betting parlour.. just some quick editing and voila: no pig face + $2 millions in your account. [size=1]p.s.:offer valid for 10 seconds.[/size]
 Mober3/21/2017 9:28:12 PM GMT
He hasnt won yet and even if he does it was a silly bet after all,
like stated on the other thread a couple of days ago.
If you want to bet to win, this is not wht you don.
Unless you are a millionaire, and this is pocket money for you.
 pajalnick3/21/2017 11:54:31 PM GMT
It's good to be a millionaire !! You can do the craziest bets without the risk of being left without pants ..... and if some of the crazy bets win then you can get popularity placing the paper on the bet in different online communities ... nothing interesting
 Tony_MON7ANA3/22/2017 2:49:23 AM GMT
Derek Stevens... I have heard this guy's name before. He has done some crazy things. A pure thrill seeker. Wishing the best of luck to the Michigan Wolverines football team. I would love to see Derek's happy smiley face.
 bowie19843/22/2017 11:37:09 AM GMT
Posted by pochui:
man again this fat pig face, can someone change the picture, i will pay $2 millions if you do. no need for sweating over sports result, no need for walking to the local betting shop or as it also can be called betting parlour.. just some quick editing and voila: no pig face + $2 millions in your account

Welp, he really looks like some background extra from any Chris Farley or Adam Sandler movie.
 DaCapo713/23/2017 6:43:33 AM GMT
It seems that he was a gambler and this as a owner of a casino... I´m not sure about this combination, but ithink i goes bankrupt in the near future with this "strategy". In a casino it gives longtime only one winner: trhe casino and not the player Blink

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