Game Losing Shot Worth Big Bucks

"It was a shot that meant nothing to some and everything to others."

The above quote is from this ESPN article which reports on the NCAA tournament game between Duke and UConn.  Though Duke lost, by one point, the last second Duke bank shot, which made the final score 79 - 78, in UConn’s favor, covered the spread and had a multi-million dollar sized impact on the betting.

"With approximately $100 million being bet on March Madness each year in Las Vegas and about $2.5 billion wagered online according to the FBI, the Duhon shot transferred anywhere from $30 million to $100 million from those who bet on UConn to cover the point spread to those who bet on Duke to cover, as estimated by those closely tied to the sports gambling business."

Via J. Bowen at No Watermelons Allowed.

Posted by on 04/06 at 08:15 AM

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