Man Hoping To Turn $25,000 Bet On Michigan Into $1 Million

Josh Clark
April 02, 2018 - 4:10 pm
Michigan Coach John Beilein

Bob Donnan-USA TODAY Sports


SAN ANTONIO (105.3 The Fan) - Derek Stevens can't wait to watch tonight's national championship game between Michigan and Villanova, or maybe he can?

Stevens' emotions will probably be all over the place as he watches tonight's game thanks to a $25,000 bet he placed on the Wolverines to win their second national title. 

If the Wolverines are successful and pull off the upset over Jay Wright's Wildcats, Stevens will collect $1 million from the Golden Nugget in Las Vegas. 

So who approved of the large wager placed on Michigan? According to a tweet from The casino's chairman and ceo, Tilman Fertitta, he signed off on the bet from Stevens. 

Stevens, the co-owner of the D Las Vegas, a hotel and casino in near the Golden Nugget, told the Detroit Free Press in March that he and Fertitta went back and forth over the wager. 

"He has been willing to take a couple of big bets over the years," Stevens said of Fertitta. "About a month [ago> I was talking to him and I said 'I'd like to take a shot at winning a million.' We went back and forth and he finally said 'yes I'll take it.'"

Michigan is a seven-point underdog, according to OddsShark.