Bettor Cashes Out $1.7 Million Thunder Championship Parlay for $80K

Bettor Cashes Out $1.7 Million Thunder Championship Parlay for $80K article feature image
Credit:

Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) works the floor against Dallas Mavericks guard Luka Doncic during the second half of Game 1 of an NBA basketball second-round playoff series, Tuesday, May 7, 2024, in Oklahoma City. The Thunder won 117-95. (AP Photo/Nate Billings)

The bettor who could have turned a $100 parlay into $1.7 million — contingent on the Thunder winning the NBA Championship — has cashed out for over $80,000.

His actual profit was less, considering he hedged slightly along the way. The values of those hedges are unknown.

The parlay by Wayne Shelton, a single father who owns a real estate appraisal business in Phoenix, consisted of the Rangers winning the 2023 World Series, the Chiefs winning the most recent Super Bowl and the Thunder winning it all in June. The $100 wager at +1714500 odds was placed with DraftKings in May of 2023.

The cash out occurred after the Thunder's come-from-behind victory in Game 4 of the Western Conference Semifinals vs. the Mavericks.

The bettor could have netted far more by hedging more aggressively through each round — but liquidity would have been an issue. In addition, sportsbook limits likely would have complicated the substantial wagers he would've needed to place in order to hedge perfectly.

And yet, he wouldn't have needed to hedge altogether, according to PropSwap, a service that allows users to sell their sportsbook tickets. The company said the ticket after Game 4 was worth $201,717.

"We had plenty of buyers ready to purchase," the company said on Twitter. "Next time!"

🚨 THE $1.7 MILLION THUNDER BETTOR HAS CASHED OUT 🚨

(w/ @Ascended85@DKSportsbook) pic.twitter.com/0lXGadLF4L

— br_betting (@br_betting) May 14, 2024

The parlay had individual odds at the Rangers to win the World Series at 22-1, the Chiefs to win the Super Bowl at 6-1 and the Thunder to win the NBA championship at 70-1 — long before OKC was considered a potential contender, before Shai Gilgeous-Alexander was an MVP candidate. The wager was also boosted by 50%, increasing his total payout by more than $570,000.

Before Game 4, the cashout value was slated at $57,000. Shelton said the cashout dropped to as low as $10,000 during Game 4, in which the Thunder trailed the entire game until a few minutes left in the fourth quarter.

How would you rate this article?

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only. Action Network makes no representation or warranty as to the accuracy of the information given or the outcome of any game or event.

Sportsbook Promos
See All
Legal Online Sports Betting

Caesars Sportsbook Promo Code ACTION41000: Claim $1K First Bet Insurance on Wednesday Action, Including Stars-Oilers

Nick Sterling
May 29, 2024 UTC