first_imgCasino owner's ticket for $1 million payout on Michigan State in NCAA Tournament.Twitter/@derekjstevensCollege basketball fans will tell you to never bet against Tom Izzo in March. One Las Vegas casino owner, Derek Stevens, placed a $20,000 bet on Michigan State to win the title back after the team’s 79-78 overtime loss to Notre Dame on December 3. The 5-3 Spartans were at 50-1 to win it all at the time, giving Stevens a potential payout of $1 million.I’ll be @theDlasvegas #LONGBAR to #SpartyOn THX @GoldenNuggetLV & @Gollumlv for giving me the shot @darrenrovell pic.twitter.com/GjK1ueQfin— Derek Stevens (@DerekJStevens) March 31, 2015In an article by ESPN’s Darren Rovell, sportsbook director Tony Miller admits that this is a big risk for the casino.…Miller accepted Stevens’ $20,000 bet, never thinking he’d be sweating the possibility that the Spartans could pull it off. “In my nine years at this sportsbook, I never accepted a bet that could result in us paying $1 million,” Miller said. “The most I’ve ever seen won here was a $100,000 parlay.”…Miller and Stevens have become good friends over the years, which makes the fact that the Spartans have two games to win it all a bit awkward.“This would be a massive loss for us,” Miller said. “I see days where we lose $10,000 to $30,000, but nothing close to $1 million.”Michigan State is a five point underdog against Duke on Saturday, and would play either Kentucky or Wisconsin for the title on Monday night. Stevens still has a long way to go to cash in, but it is definitely impressive that his bet is still alive.[ESPN]last_img

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