How To Be A Loser By Betting On A Winner

Imagine that you bet that a certain team will win a certain game. Imagine that the team wins that game. Imagine that you lost money on that bet anyway. That scenario came true for some bettors who made bets on the 2017 March Madness men’s game between Michigan and Oklahoma State. Here is an excerpt from a USA Today story about what happened: “Those of you watching the end of a nail-biter between Michigan and Oklahoma State saw Cowboys guard Jawun Evans nail a three at the buzzer to cut a four-point Wolverines win to just a one-point 92-91 victory.

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