Bettor wins $16,000 on UMBC wager

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The whole country became UMBC fans throughout Saturday night as the Retrievers attempted – and ultimately pulled off – the first-ever 16-over-1 upset in the NCAA tournament against Virginia.

There may have been one person at The Venetian in Las Vegas cheering a little more than most, though. They had a little more on the line. The moneyline, to be exact. 

One bettor won $16,000 on a $800 wager that UMBC would beat the Cavaliers, which is exactly what they did, 74-54, in Charlotte.

While the bet paid off this time and it makes for an all-time story, it’s probably best not to make this your betting strategy. If you would have bet 800 bucks on every 16 seed every year, you would have been $108,000 in the hole before getting your Retriever payout and riding a rough 135-bet losing streak. Can’t win without buying a ticket, though, right?

And it’s not like that the person who just cashed a $16,000 check cares about that at the moment. Also no word on how they’re betting UMBC against Kansas State, either. The Wildcats are 10.5-point favorites, if you were wondering.