The News Courier in Athens, Alabama

Sports

December 10, 2013

Auburn bettors sitting pretty at 1,000 to 1 odds

LAS VEGAS —

Somewhere out there — the best guess would be in Alabama — there are 14 anxious gamblers with more than just school pride riding on Auburn winning the national championship.

They've got the Tigers at 1,000-1 odds to win the national title — and they're only one win in the BCS title game from collecting a windfall.

That has the bookmaker who sold the tickets a bit nervous, but maybe not as much as you might think. In the sports betting business it's not just the customers who take all the risks.

"Being in the gambling world every once in a while you're going to get in situations that might not be favorable for your property," said Jay Kornegay, who runs the sports book at the LVH hotel in this gambling city. "This is one of them."

Kornegay says all of the bets are relatively small, though they do add up when multiplied by 1,000. They were taken during the spring when Auburn had a new coach, was coming off a 3-9 record and the general consensus was that there were five or six teams in the SEC alone that were better than the Tigers.

It didn't take long for Auburn supporters to notice, and put a few bucks on their team just for the sport of it.

"We're a player friendly book and are very aggressive with our futures odds," Kornegay said. "I wish we had opened them at 100-1, but we didn't."

The LVH had the longest odds for the Tigers, but other sports books took what looked to be sure money on Auburn, too. One Auburn bettor posted a picture of his betting slip from the Paris hotel-casino on Twitter showing a wager of $100 on the Tigers at 500-1 odds.

That's a payout of $50,000, though it's not time to start counting the cash just yet. Florida State is favored by as much as 9 points in the Jan. 6 game that will decide the final BCS title.

Longtime oddsmaker Jimmy Vaccaro of the South Point hotel-casino said that bettor — and any others holding big tickets on Auburn — would be wise to hedge their bets by finding the best price on Florida State and betting that side. The payoff won't be nearly as big, but at least there will be a ticket to cash no matter who wins the game.

"It makes no sense to have a nice little score sitting in front of you if you don't collect anything," Vaccaro said.

 

1
Text Only
Sports
Photos


Poll

Do you believe America will ever make another manned flight to the moon or another planet?

Yes
No
     View Results
Facebook
AP Video
Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Cat Fans Lap Up Feline Film Festival Michigan Plant's Goal: Flower and Die Veteran Creates Job During High Unemployment
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee