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One bold bet on MSU could make man $1 million

Mar 31, 2015

Credit User shockmotion / Flickr

A former University of Michigan grad, Derek Stevens, walks into a Las Vegas hotel to plop down a $20,000 bet with sportsbook director Tony Miller. 

ESPN's Darren Rovell takes it from there:

Despite Stevens' being a regular customer, Miller's sportsbook doesn't accept bets that could cause such a colossal loss, so he called up his boss, Tilman Fertitta, who owns the Golden Nugget, to approve the bet.

It was a relatively smooth conversation. The Spartans were at 50-1 to win it all at the time, having just lost their third game of the young, eight-game season to Notre Dame.

So Miller accepted Stevens' $20,000 bet, never thinking he'd be sweating the possibility that the Spartans could pull it off.

"In my nine years at this sportsbook, I never accepted a bet that could result in us paying $1 million," Miller said. "The most I've ever seen won here was a $100,000 parlay."

His ticket has been making the rounds on Twitter:

ESPN reports Miller is holding a watch party this Saturday night at the hotel he owns in Las Vegas - The D.