This story was published more than 4 years ago.
A New Jersey man betting online turned $20 into $178,000 after he placed 15 basketball bets in the form of a parlay, becoming the largest win for the bet style at FanDuel since they began accepting sports wagers last year.
The man placed a series of different bets on professional and college basketball games, the combined odds giving him the big payout. He bet on the outcomes of halves of games, as well as money lines. The traditional NBA bets were of the safer variety, picking the favorites for the different outcomes, but the NCAA bets are where he raked in his money, picking obscure games to get to the huge win amount.
Speaking about the win FanDuel spokesman Kevin Hennessy shared: "It's definitely the biggest parlay win. Most parlays are two to five games. He just kept going."
"It was probably knowing Davidson [College Wildcats] was going to beat [the University of] Rhode Island" that drove the parlay over the top. That's not something a normal New Jersey bettor would know. You would probably have to do a lot of research for that."
"To win $178,000 for the stake of $20, to me that's the impressive part."