A futures bet on Loyola Chicago to win the 2021 National Championship that was sold on PropSwap on March 10th has become much more valuable.
A sports bettor sold their 1500-1 ticket on the Ramblers, which was placed in June, turning their $60 wager into $500. What looked like a long shot at the time changed on Sunday.
The buyer is now in a great position after No. 8 seed Loyola Chicago knocked off No. 1 seed Illinois in the second round of the NCAA Tournament, 71-58, to advance to the Sweet 16.
The person who purchased the bet has new odds of 179-1, which was still significantly better than the Ramblers pre-tournament odds of 40-1.
If Porter Moser's squad wins it all, the bet would net $90,000.
Now, the Ramblers are in the Sweet 16 with a matchup against the winner of Oklahoma State-Oregon State next weekend.
Loyola-Chicago will be looking to replicate the magic it had in 2018, where they made the Final Four. If Sunday's domination of Illinois is any indicator, this bettor is sitting pretty for a chance to cash on a big payday.
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