Bettor’s $5 Parlay Could Net Six Figures in NCAA Tournament

Las Vegas, NV — As the NCAA Tournament unfolds, sportsbooks across the nation are reporting unprecedented betting activity. Many fans are not only wagering on game outcomes but also predicting future champions, leading some to place bets almost a year in advance.

A Hard Rock Bet customer stands on the brink of turning a $5 wager into a massive payout, potentially reaching $168,300, if all goes as planned. The bettor placed a five-team futures parlay that has already seen the first four legs win.

On May 12, 2024, this sharp bettor forecasted multiple championship outcomes, securing odds of +3,365,900—equivalent to 33,659/1. With the Duke Blue Devils now favored at +225 to win the national title, the final leg of the parlay hinges on their success.

Currently, Hard Rock Bet presents an early cashout option of $49,126.77, but the bettor is choosing to keep the ticket active, hoping for a Duke victory on April 7 in San Antonio.

“Turning $5 into nearly $50,000 sounds amazing,” said the bettor, who has expressed a desire to wait and see how Duke performs in the upcoming rounds. “I can understand why some folks would cash out, but I’m feeling lucky.”

Duke, a 9.5-point favorite against Arizona in the Sweet 16, must navigate a challenging path if this parlay is to payout.

Meanwhile, the Arkansas Razorbacks have also generated excitement for bettors. Entering the tournament as a No. 10 seed with odds of +50,000 (500/1) to win the national championship, a Caesars Sports customer placed a $1,000 bet on Arkansas. After securing an upset over the Kansas Jayhawks, who were a No. 7 seed, Arkansas moved on to face St. John’s. Another upset victory could net this bettor $500,000.

Similarly, the Ole Miss Rebels, who faced significant odds of +15,000 (150/1) at Caesars Sports, garnered attention when a customer placed a $2,000 wager. Following a strong performance in the first two tournament rounds, Ole Miss has advanced to the Sweet 16, standing to make a $300,000 profit if they can win the championship.

“It’s incredible to see the SEC represented so strongly this year,” remarked a regional sportsbook manager. “These underdog stories keep the excitement alive for fans and bettors alike.”

Other promising bets include an $85 parlay placed by a FanDuel Sportsbook customer during football season, which relies on Duke to close out a near $50,000 payout. In addition, the Florida Gators are making headlines with impressive performance and odds of +350 as one of the favorites to win it all.

Florida, who continues to capitalize on their momentum with a current win streak, also had a customer place a significant wager of $100,000 at +900 odds. Should they succeed, that ticket could bring a $1 million total payout.

As March Madness evolves, more bet holders are watching closely, hoping to cash in on their predictions. From large parlay tickets to individual wagers, this year’s tournament is shaping up to be one of the most lucrative for gamblers in recent history.