Mon, 08 Mar 2021

Basketball's craziest bets!

7Newswire
29 Jan 2021, 08:42 GMT+10

Basketball has produced some crazy moments. From Wilt Chamberlain's 100-point game to LeBron's shock move to Miami in 2010, there's always something exciting going on in the world of basketball.

You can say what you want about it, but basketball is one of the most entertaining sports on and off the court. It's not just the players; some of the fans are just as crazy! Especially when it comes to some of the bets that they make.

In this article, we'll discuss some of the craziest bets ever made on basketball games. You might want to sit down because some of these are wild!

In 2013, the boxing legend Floyd 'Money' Mayweather laid down one of the biggest bets in sporting history. He bet $5.9 million on Miami beating the Indiana Pacers and walked away with $12.39 million - a whopping $6.49 million in profit! Placing a bet of that size takes some real cajones, but everyone knows Mayweather isn't short of those.

It seems that greatness recognizes greatness, and Mayweather had faith that Lebron would deliver the goods.

This bet has gone down in history as one of the biggest bets on not just a basketball match but on a sporting event. Mayweather is, of course, no stranger to making wild bets. Between 2010 and 2012, news sources estimated that Mayweather made 46 different bets that amounted to just under $4 million!

However, it's not always the rich and famous who win big. In 2016 an anonymous Las Vegas resident won $305,000 from a $5 bet. The unknown individual predicted 15/15 results, which is nearly impossible when you try and calculate the probability of something like that coming true.

The first twelve bets made were on college basketball games on Saturday, then they made two bets on NBA games on Sunday, and finished off with another college game on Monday.

The marketing director of William Hill was astonished when he heard the news and congratulated the anonymous individual personally.

Another famous individual who is no stranger to sports gambling is, Haralabos 'Bob' Voulgaris.

Voulgaris has made his reputation from being a successful NBA bettor - if not, the most successful sports bettor of all time. He started his career in the mid-nineties and very quickly made himself a small fortune and since defied the odds on multiple occasions. Most notably, in 2007, where he won $434,560 from a $10,000 bet!

His strategy relied on not just watching form and making informed guesses. He went as far as to create the 'Ewing algorithm' that could simulate a game of basketball between any two NBA teams.

He also made a habit of betting on three coaches, Byron Scott, Jerry Sloan, and Eddie Jordan, as he believed that these coaches methods and tactics were easy to predict.

However, his primary strategy was to exploit the betting company's inaccuracies. He believed that teams scored more points in the second half of the game, and because of this, he always betted on the 'over.'

This seems like a straightforward strategy, and it proved incredibly fruitful.

If you're looking to follow in the footsteps of Voulgaris, head online and have a look at some of.

We can learn a thing or two from Voulgaris' career, first off, there is a science to gambling; it's not just about luck, and second, to make money from sports betting, you have to have a plan. Luckily, handicappers thoroughly research their basketball picks, so you don't have to! Of course, chance and good fortune will always have some involvement in sports betting, but you must prepare for all outcomes. If you bear all this in mind, it's possible to make sports betting your full-time job.

Mark Cuban was so impressed by Voulgaris' ability to see into the future; he employed him to come on board for the Dallas Mavericks, where his title became Director of Quantitative Research and Development.

Since Voulgaris joined the Mavericks, the team has seen a visible increase in performances and rankings, thus showing that sports betting can become a career even if it's not you making the bets.

The analytics and strategy that involved with sports betting are useful skills to have, and they have proven incredibly fruitful to the likes of Voulgaris. Mark Cuban is a businessman that isn't scared of taking a risk, and once again, his risk has reaped reward!

As we have seen then, basketball betting can be just as adrenaline fuelled as the sport itself, with some people walking away with fantastic sums of money. While most people will tell you that putting on the occasional wild bet isn't a good idea, it can sometimes end up paying off.

However, if you want to start earning money, you should start studying basketball and how the odds work. But remember to have fun!

Betting on basketball can be a real thrill and can make any basketball game ten times more entertaining.

Here's to 2021 being your year!

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