A bettor sitting on a $1.7 million payout if the Thunder win the NBA title is hedging by letting in outside investors

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A bettor sitting on a $1.7 million payout if the Thunder win the NBA title is hedging by letting in outside investors

His parlay ticket included championships for the Texas Rangers, Kansas City Chiefs, and Oklahoma City Thunder. He's two-thirds of the way there.

www.yahoo.com

 

[flyingillini]

I wonder what is the most he is going to get offered?

 

[jjgold]

lol

 

[aikman.tr]

Not worth the paper it's printed on

 

[djefferis]

“Part of the challenge is verifying offers received are legitimate”

I would say that’s more than a small part of the issue - it’s 99% of it.

So DK offered a cash out offer of 75k - says more about how bad DK cash out is than anything

Allegedly someone offered 200k - I’d be interested to hear the legitimacy of said offer. Series with the Mavs is basically even right now - then you have T-wolves awaiting you if you make it past this round (I think they do) - before getting an “easy” series in the Finals.

Beyond my level of risk tolerance - but if he was offered 200k cash today - bettor needs to grab it - or at least hedge and keep 25% and take 150k.

He’d be looking at 100k after taxes and still have a decent chance at a payday.

 

[BMR Genie]

A make or break decision.

 

[Don_Omarion]

i think if he got offered 200K , he should Cash-out and continue adventures ..
.Even if 75K is not bad deal on 100$ parlay .. but at least above 100K will make him think twice.

 

[castelion]

I don't blame the book making the cash-out offer they did. I don't blame him trying to sell a stake in his bet for more than a proportion of the cash-out offer. Business is business.

 

[tank28]

“Part of the challenge is verifying offers received are legitimate”

I would say that’s more than a small part of the issue - it’s 99% of it.

So DK offered a cash out offer of 75k - says more about how bad DK cash out is than anything

Allegedly someone offered 200k - I’d be interested to hear the legitimacy of said offer. Series with the Mavs is basically even right now - then you have T-wolves awaiting you if you make it past this round (I think they do) - before getting an “easy” series in the Finals.

Beyond my level of risk tolerance - but if he was offered 200k cash today - bettor needs to grab it - or at least hedge and keep 25% and take 150k.

He’d be looking at 100k after taxes and still have a decent chance at a payday.

Which state is the bettor in (how much tax applies on net winnings for the year)?

 

[BigJay]

Seems like this guy might have cashed out at the perfect time

Took the 80k cash out after the thunder won game 4 if I recall.

Cant find that thread where it was discussed a couple of days ago

 

[stormtrooper8]

Thunder would win the East

Unfortunately they are not in the East

 

[jjgold]

You’ll never be a winning gambler, taking cash out. It’s an absolute rip off.