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March Madness betting: Six-figure bet comes in on Kentucky to win national championship

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One BetMGM customer is heavily invested in the Kentucky Wildcats during March Madness.

BetMGM received a $100,000 bet on Kentucky to win the NCAA men’s basketball tournament. Kentucky has +800 odds to win it all, so the bettor would win $800,000 if John Calipari and the Wildcats cut down the nets in New Orleans in a few weeks.

Kentucky is the No. 2 seed in the East region, a region that also has Baylor, Purdue and UCLA. Despite not being on the No. 1 seed line, Kentucky has the third-best national championship odds at BetMGM. Only Gonzaga (+300) and Arizona (+600) have better odds than Kentucky.

Kentucky opens tournament play against Saint Peter’s on Thursday night in Indianapolis. Kentucky is favored by 18.5 points and the total is listed at 131.5.

According to BetMGM, 63% of the bets and 65% of the money is on Kentucky to cover that spread. Additionally, 62% of the bets and 73% of the money are on the over.

The Wildcats are led by All-American big man Oscar Tshiebwe, who averages 17.0 points and 15.1 rebounds per game. UK also has a standout freshman guard in TyTy Washington and a collection of veteran transfers — Kellan Grady (Davidson), Sahvir Wheeler (Georgia) and Davion Mintz (Creighton). Tshiebwe is also a transfer. He began his career at West Virginia.

It's a different group than the freshman-laden teams Calipari has brought to the tournament in recent years. Will that experience pay off in the form of a national championship?

March Madness: Kentucky head coach John Calipari on the sidelines against Florida during the first half of an NCAA college basketball game Saturday, March 5, 2022, in Gainesville, Fla. (AP Photo/Matt Stamey)
March Madness: Kentucky head coach John Calipari on the sidelines against Florida during the first half of an NCAA college basketball game Saturday, March 5, 2022, in Gainesville, Fla. (AP Photo/Matt Stamey)