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.
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:
Man could win $1 million on Michigan St. bet: Almost every day, Derek Stevens likes to stop at the sportsbook ... http://t.co/kLX55qNfVO
— InsideMyTeam (@Insidemyteam) March 31, 2015
ESPN reports Miller is holding a watch party this Saturday night at the hotel he owns in Las Vegas - The D.