Sunday’s victory over the Colorado Avalanche in the Stanley Cup Final brought a lucky bettor huge payoffs.
BetMGM confirmed on Monday that a bettor turned a $500 free bet into a $269,000 win on a three-team futures bet.
The client bet on NFL, NBA and NHL champions. The first two innings came as the Los Angeles Rams won the Super Bowl in February at 10-1 and the Golden State Warriors won the NBA title this month at 6-1.
The Avalanche were all that stood between the bettor and a six-figure payout and took a 6-1 odds when they defeated two-time defending Stanley Cup champion Tampa Bay Lightning on Sunday. Colorado won 2-1 in Game 6 in Tampa, Fla., to claim its first championship since 2001.
The odds of betting were 538 to 1, depending on the bettor’s ticket. The Avalanche opened the season 6-1 at BetMGM to win the Stanley Cup, but were +325 heading into the playoffs.
BetMGM also revealed that the Avalanche had the most tickets written (25.7%) and the largest handful of bets (32.9%).
“The Avalanche were the preseason favorite to win the Stanley Cup and have been a significant sports betting liability all season,” BetMGM chief sports trader Christian Cipollini said in a statement.
Colorado is the consensus sportsbook favorite to win the 2023 Stanley Cup. BetMGM ranks the Avalanche at 4-1, with the Toronto Maple Leafs second at +850. The Golden Knights are the fifth pick at 14-1.