Willy Wonka has nothing on vegas sports books in regards to selling Golden tickets.
Thirteen wagers were placed at 500-1 chances on the Golden Knights to win the Stanley Cup at the Westgate sports publication during the preseason. 350 futures were taken by william Hill sports book on the Knights in 100-1 or higher.
Those long-shot wagers and prospective souvenirs suddenly have been transformed into virtual Golden tickets by arguably the greatest growth team in gaming history.
The Knights still are eight victories from winning the Stanley Cup, but their backers could lock in a healthy gain today by selling their stocks stakes on PropSwap.com.
A startup secondary market for busy sports wagers at Las Vegas, PropSwap, has offered 20 Knights stakes and contains five futures tickets for sale, such as a $400 wager at 300-1 chances that pays $120,000. That ticket is available for $40,000.
“Much like StubHub does for Golden Knights tickets, we do for Golden Knights bets,” explained Ian Epstein, who based PropSwap with Luke Pergande. “We’re a broker. You will find people with sports bets that want to market, and we go out and locate buyers for this.”
PropSwap, which takes 10% of the sale price, also includes a $300 ticket on the Knights in 100-1 likelihood that pays $30,000 on sale for $13,500.
In both cases, the vendor is prepared to take less than the purchase price, considering the Knights are currently the 3-1 second choice to acquire the NHL title.
“All these are available for bidding,” Epstein said. “We can negotiate.”
A ticket — a $50 bet was marketed on PropSwap for $550 at November. The buyer put it up for sale for as much as $4,400 but has since taken it off the market. Another 500-1 bet — $20 to win $10,000 — is in the company’s database but isn’t for sale, either.
SHORT DESCRIPTION (Las Vegas Review-Journal)
“If you gamble a 500-1 ticket and sold it now, you’d make 125 times your cash,” Pergande explained. “When’s the last time you’ve struck a 125-1 long shot?”
Other sales of Knights tickets included a $70 bet at 200-1 odds to win $14,000 that sold for $250 in November. The identical ticket has been sold for $1,400 in March.
A $100 ticket at 100-1 chances to win $10,000 currently sold for $1,750, and a $10 ticket in 150-1 odds to win $1,500 sold for $660 on Monday.
“My advice to Knights fans is to offer your ticket, then lock in a gain and enjoy the remainder of the Stanley Cup playoffs,” Epstein said. “nobody ever went broke taking a profit.”
Pergande stated many Knights backers have resisted selling their own tickets pretending they’re considered significantly less than a true fan.
“It will not make you any less of a fan if you sell your wager,” he said. “You are still rooting for the Knights. You just like cash.”
In January, PropSwap sold for $3,450 a bettor’s $50 ticket in 200-1 odds to win $10,000 about the Knights winning the Pacific Division. The seller made more than $3,000, and also the purchaser finally turned into a gain of $6,550.
The Knights continue to fuel that a seller’s market, as they have yet to trail in a playoff series. But Epstein warns that they’ll be underdogs in the Western Conference Final and will not have home-ice advantage.
“These men who have Knights bets have never had their backs against the wall,” he explained. “They think this roller coaster is going to keep moving up and up and it is not likely to stop. … We are trying to put money in your pocket.”
William Hill would shed more than $1 million if a Knights hoist the Cup, and Wynn Las Vegas sports book manager Johnny Avello quotes the nation’s sports books would lose $5 million to $10 million.
More betting: Follow all of our sports betting coverage online at reviewjournal.com/betting and @RJ_Sports on Twitter.
Contact writer Todd Dewey in tdewey@reviewjournal.com. Follow @tdewey33 on Twitter.

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