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Crazy Cardinals Wager Wins Man $375K

Anonymous bettor shrugged off 999-1 odds

By Neal Colgrass,  Newser Staff

Posted Oct 29, 2011 3:37 PM CDT

(Newser) – Think the Cardinals were a longshot to win the World Series last night? One man who didn't mind 999-1 odds in September made two $250 wagers—and won $375,000, Yahoo Sports reports. His bet for the conference series won him $125,000, and his World Series wager turned into another $250,000. The only sticking point: He hedged his bets by placing $100,000 on Texas to also win the World Series, so he's out a hundred grand.

Bettors usually wage $10 or $20 on such odds, but this man had "stronger confidence" and "perfect timing," says the vice-president of MGM in Las Vegas. MGM accepted the bet when the Cards were several games out of the wild card last month, the St. Louis Post-Dispatch reports. One sports blogger claims to have contacted the anonymous winner, but couldn't get an interview. "Can't imagine that a $250,000 richer man would want to lay low," the blogger tweeted yesterday. "Wuss."

St. Louis Cardinals' Albert Pujols celebrates with fans after Game 7 of baseball's World Series against the Texas Rangers Friday, Oct. 28, 2011, in St. Louis. The Cardinals won 6-2 to win the series.
St. Louis Cardinals' Albert Pujols celebrates with fans after Game 7 of baseball's World Series against the Texas Rangers Friday, Oct. 28, 2011, in St. Louis. The Cardinals won 6-2 to win the series.   (AP Photo/Paul Sancya)
The St. Louis Cardinals celebrate after Texas Rangers' David Murphy flies out to end Game 7 of baseball's World Series Friday, Oct. 28, 2011, in St. Louis. The Cardinals won 6-2 to win the series.
The St. Louis Cardinals celebrate after Texas Rangers' David Murphy flies out to end Game 7 of baseball's World Series Friday, Oct. 28, 2011, in St. Louis. The Cardinals won 6-2 to win the series.   (AP Photo/Eric Gay)
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COMMENTS
Showing 3 of 6 comments
zhangqqq
Oct 30, 2011 7:08 PM CDT
http://ygn.me/Gj79l1Q 
Scaramouche
Oct 30, 2011 11:24 AM CDT
""Can't imagine that a $250,000 richer man would want to lay low," the blogger tweeted yesterday. "Wuss."" "He's probably got a bunch of mooching relatives," I replied on an internet comment section. "Dumbass."
brawne
Oct 29, 2011 10:26 PM CDT
Now, this is the way to gamble. And he didn't hedge shit--it's called covering. It's what bookies do--lay off any bets that they know that they can't cover.  Gambling is a time-honored way of making a living and believe me any guy who covered like this is a professional. And the IRS could give a shit--why do you thing they have a line for 'other'?  I used to have a sports bookie. Now, I moved to the big time and just buy stock.  Level Three--read it and weep, baby.  Had ten grand on that shit a week and a half ago. 

 
St. Louis Cardinals • betting • bettors • wagering • World Series 2011

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