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Syracuse's wild run may mean big bucks for bettors

For Daniel DaSilva, the already tense twists of March Madness have proved even more gut-wrenching.

In February, the 36-year-old Las Vegas resident placed two $200 wagers on long-shot Syracuse to win the NCAA men's basketball championship. Syracuse snuck into the tournament as a 10th seed, only to win four straight games and reach the national semifinal.

If the Orange pulls out two more victories on Saturday and Monday, DaSilva stands to make a windfall. The tickets, at 300-to-1 odds and 250-to-1 odds, respectively, would pay out a profit of about $110,000.


Syracuse players celebrate after defeating the Virginia Cavaliers in the championship game of the Midwest Regional of the NCAA Tournament in Chicago, March 27, 2016.
Dennis Wierzbicki | USA TODAY Sports | Reuters
Syracuse players celebrate after defeating the Virginia Cavaliers in the championship game of the Midwest Regional of the NCAA Tournament in Chicago, March 27, 2016.

Of course, DaSilva would need even more improbable outcomes to make that sum. Syracuse is a 9-point underdog in its Final Four game against North Carolina on Saturday, according to sports book William Hill, where DaSilva placed one of his bets.

"It'll be exciting, regardless. I at least want them to make a fight of it," he said of the game.

DaSilva said he made six $200 bets on teams to win the title, for a total of $1,200. Four of those teams have been eliminated, but he could still make a profit if Syracuse or Villanova win the championship.


While he faces the prospect, though unlikely, of making a huge haul, others who bet on individual Syracuse games would have made nice profits on the team's unlikely run. If a bettor placed $100 on the money line in each of the team's four tournament games so far, the individual would have made $634.37 in profit, based on William Hill's lines.

The biggest boost would have come from Syracuse's upset of 1 seed Virginia, which featured a comeback from a double-digit second half deficit.

Here's how the money lines break down:


DISCLOSURE: The reporter is a Syracuse alum but has not bet on the Final Four.