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He should have hedged his bet.
If your betting 20 team 89 cent parlays I'm guessing he's was a little short of the quarter mill.
You sell the parlay ticket to a sucker (maybe even the casino?) for $100k.I was wondering about this. He doesn't have to bet half - he could have just done $50k or whatever so he guarantees he walks away with something. But the more interesting angle - if the casino isn't interested in extending a line of credit to allow you to hedge, what do you do?
How does one come up with $100k+ cash in 12 hours when the situation presents itself?
You sell the parlay ticket to a sucker (maybe even the casino?) for $100k.
Keep in mind the Bears money line was something like -250 if I remember right. So even if he could have scrapped together $50,000, he "only" wins $20,000.I was wondering about this. He doesn't have to bet half - he could have just done $50k or whatever so he guarantees he walks away with something. But the more interesting angle - if the casino isn't interested in extending a line of credit to allow you to hedge, what do you do?
How does one come up with $100k+ cash in 12 hours when the situation presents itself?