If you watched the Cardinals beat the Packers last weekend, you could not have helped but experience a range of emotions. In overtime, two plays after Green Bay missed a golden opportunity to win with a touchdown pass, the Cardinals won with a defensive touchdown. The was only the last of several dramatic moments.
Now, just imagine if you had $300,000 riding on the game. Professional handicapper Adam Meyer flew from Miami to Las Vegas to place that wager.
The M Resort and Casino is the only local sports book that accepts limitless wagers. Most strip outlets only allow $10,000-$20,000 per NFL bet. The M is targeting the country's largest bettors and welcomes action like Meyer's.
The M envisions a handle of $1 billion annually. Since gamblers must pay an additional 10% if their bet loses, M executives project more profit with the large volume. In fact, the M stood to lose more if the Packers won. Therefore, it rooted for Meyer and likely experienced similar nerves.
But Meyer actually had more riding on the Cardinals than his $300K. His professional handicapping service (www.AdamWins.com) has thousands of clients who pay him for his picks. Nearly all touts solely advise clients on selections. Meyer is a rarity that also bets his own money.
In fact, Meyer says he might return to Las Vegas to bet $1 million on the Super Bowl. If he continues on this streak, he could own the casino and it would not have to change its name.
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