Late-Game Chaos in Virginia-Purdue Swings Six-Figure Bets in Vegas
Kirby Lee-USA TODAY Sports Pictured: General overall view of the Welcome to Fabulous Las Vegas sign
- Virginia covered the 4.5-point spread against Purdue in miracle fashion in Saturday night's NCAA Tournament Elite Eight game.
- One bettor lost $110,000 on the bad beat, while The Mirage won $300,000.
Bettors who backed Purdue as 4.5-point underdogs against Virginia are reeling on Saturday night, thanks to an epic bad beat in overtime.
With 17 seconds left in regulation, and Purdue up three, The Action Network app showed the Boilermakers’ chance of covering at 97.95%.
One bettor at an MGM sportsbook, who wagered $110,000 on Purdue +4, had to be feeling pretty good, even with the chance for a miracle looming.
But then all hell broke loose. The foul. The missed second free throw. And, of course, Mamadi Diakite’s buzzer-beater that forced overtime.
What happened in overtime — Virginia going from up one with nine seconds left to winning by five — would swing at least six figures of action at multiple sportsbooks.
The bettor who placed the $110,000 wager lost, a brutal beat after the same punter also lost $110,000 on Gonzaga -4.5 earlier in the evening.
A different person lost the final leg of a seven-team parlay with Purdue +4.5. The $400 wager would’ve paid out nearly $10,500.
Bettors weren’t the only ones hurting after the result. The Westgate Las Vegas SuperBook lost north of $100,000 on the final free throw, according to Jay Kornegay, the VP of Race and Sports Operations.
The Mirage had a little better luck, winning $300,000, give or take, according to Scott Shelton.
And one individual cashed a $48,000 ticket on Virginia at a Cantor sportsbook, netting a cool $43,686 thanks to the ending.