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‘Pete’ Stands to Win $10,000 from a $10 Bet if Colts Go 0-16

Are gamblers taking low-risk, huge-reward bets and coming close to winning them more often these days, or are we just hearing more about it? I’m sure it is the latter, but that doesn’t make them any less enjoyable to read about. Before we begin, let us note that for every @Pistol_Pete82 or rabid Cardinals fan who could win huge money through extremely unusual circumstances, there are millions of knuckleheads who might as well rip up their money and flush it down the toilet. That’s why the house always wins and will always win.

All that being said, according to the gambling website Beyond the Bets, a man named Pete took a 1,000-to-1 prop bet before the season began that the Colts — with Peyton Manning’s future in question — would go 0-16 on the year.  Pete placed only $10 on the bet and is five losses away from making $10,000.  Here is a picture from his iPhone that was posted on his Twitter page as proof.

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Rory McIlroy’s Dad Can Make Over $300,000 if Rory Wins British Open by 2014

Rory McIlroy gave his father, Gerry McIlroy, possibly the best Father’s Day gift: his first major win on Sunday. Now he has the chance to give his father possibly an even better present. Gerry McIlroy stands to pocket 200,000 pounds if Rory wins the British Open by 2014. Follow me on the this one.

When Rory was 15 years old, his father combined with three friends to bet 400 pounds (100 each) that Rory would win the Claret Jug by the age of 25. They received 500:1 odds, so the payoff is 200,000 pounds.

McIlroy is 22 years old and coming off a record-setting performance at the U.S. Open. Before that, he led the Master’s by four strokes entering the final round of play until he blew the tournament. He also was the leader after the first round of the British last year. McIlroy is proving he’s the top golfer in the world, so you have to like their chances of cashing.

We’ve seen someone hit on an even more improbable bet, but this would have to be infinitely more satisfying if it does come true. If you think about it, what’s 100 pounds when your son is that good? Cashing that ticket will be sweet.

Someone Bet $10 on VCU to Win it All, Stands to Make $50,000

The run VCU has been able to make to the Final Four in Houston has become — as expected — a complete sideshow.  The university recently shelled out $2,000 to let Dick Vitale know he was wrong and students and fans alike have been partying in the streets since the Sweet 16.  Only two out of 5.9 million ESPN brackets picked the final four correctly, and VCU is a huge reason why.  Whether you believe the Rams deserve to be playing for a championship or not, their run in the 2011 NCAA Tournament has been one of the most remarkable in history.

According to the USA Today, via Deadspin, one brave soul strolled into the Las Vegas Hilton earlier this season and decided to risk $10 of his or her hard-earned money on a whim.  That whim was that the VCU Rams would win the National Championship in 2011.  The odds? 5,000 to 1.  Therefore if VCU cuts down the nets next week in Houston, that person stands to win $50,000.

Other sportsbooks in Vegas said they took “significant” futures action on VCU at 175-1 and Butler at 150-1 before the tournament began.  There are still two games remaining before any serious cash would need to be shelled out, but book managers are admittedly nervous about the potential of having to pay some huge winners.

Granted, there were probably a ton of lost bets with people betting on the No. 1 and No. 2 seeds to win specific games and the National Championship, but I’m sure the Vegas sportsbooks would much rather pay those who bet on UConn and Kentucky to win it all than they would those who went out on a limb for VCU and Butler.