Las Vegas Hilton took $10 bet on VCU at 5,000 to 1
By DAVID PAYNE/covers.com
At one point this season, Virginia Commonwealth was 9,999-1 to win the NCAA tournament at the Las Vegas Hilton sportsbook.
At 5,000 to 1, Hilton book manager Jay Kornegay took a $10 bet on the Rams to win the tournament. For those of you unsure of the math, that's a $50,000 payout for that lucky bettor if the Rams cut down the nets next Monday.
“We definitely have some liability associated with VCU winning the title,” Kornegay told Covers.com in a phone interview from Las Vegas. “I can’t say I’m comfortable.”
Kornegay will take on as much as “$30,000 to $50,000” in liability on a future bet like VCU to win the NCAA title. But most wagers on big longshots are of the “ham sandwich” or $20 variety.
“There were more significant bets on VCU, but most of the time it’s just little stuff. A guy will bet like $20 because he or his girlfriend went to school there,” said Kornegay. “But it doesn’t have to be a very large wager to hurt at those kinds of odds.”
I wasn’t sure if I was going to hop on this VCU bandwagon or not but this gambling aspect adds an element of revenge. After Vegas paralyzed my liver and stole whatever semblance of dignity I still had two weeks ago I’ve been hoping the city would fall like Sodom and Gomorrah. But with the house always winning there is little chance of that. But now a hero appears. Go Rams! Pay this devil city back for its evil ways.
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