BetMGM Bettor Wins $775,000 on Knicks Ladder Bets as New York Erases 22-Point Deficit
Updated
Updated · Yahoo Sports · May 20
BetMGM Bettor Wins $775,000 on Knicks Ladder Bets as New York Erases 22-Point Deficit
5 articles · Updated · Yahoo Sports · May 20
A BetMGM customer cashed $775,000 in pregame ladder bets on the Knicks after New York rallied from 93-71 down with 7:48 left to win Game 1 of the Eastern Conference Finals 115-104 in overtime.
The bettor had staked five wagers totaling $775,000 on Knicks spreads from -2.5 to -6.5, meaning overtime became the only realistic path to covering after Cleveland built a 22-point fourth-quarter lead.
New York forced OT with a late surge and never trailed in the extra period, turning all five tickets into winners and handing Cavaliers +6.5 backers a severe bad beat.
At one point in the fourth quarter, DraftKings listed the Knicks at 80-1 on the moneyline, underscoring how improbable the comeback was.
Was the bettor's $775,000 ladder wager a brilliant strategy or just an incredibly lucky gamble?
What key coaching adjustment sparked the Knicks' improbable comeback from a 0.1% chance of winning?
How can the Cavaliers mentally recover from their historic 22-point collapse against the Knicks?