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December 11, 2013

The long odds

Somewhere out there — the best guess would be in Alabama — there are 14 anxious gamblers with more than just school pride riding on Auburn winning the national championship.

They’ve got the Tigers at 1,000-1 odds to win the national title — and they’re only one win in the BCS title game from collecting a windfall.

That has the bookmaker who sold the tickets a bit nervous, but maybe not as much as you might think. In the sports betting business it’s not just the customers who take all the risks.

“Being in the gambling world every once in a while you’re going to get in situations that might not be favorable for your property,” said Jay Kornegay, who runs the sports book at the LVH hotel in this gambling city. “This is one of them.”

Kornegay says all of the bets are relatively small, though they do add up when multiplied by 1,000. They were taken during the spring when Auburn had a new coach, was coming off a 3-9 record and the general consensus was that there were five or six teams in the SEC alone that were better than the Tigers.

It didn’t take long for Auburn supporters to notice, and put a few bucks on their team just for the sport of it.

“We’re a player friendly book and are very aggressive with our futures odds,” Kornegay said. “I wish we had opened them at 100-1, but we didn’t.”

The LVH had the longest odds for the Tigers, but other sports books took what looked to be sure money on Auburn, too. One Auburn bettor posted a picture of his betting slip from the Paris hotel-casino on Twitter showing a wager of $100 on the Tigers at 500-1 odds.

That’s a payout of $50,000, though it’s not time to start counting the cash just yet. Florida State is favored by as much as 9 points in the Jan. 6 game that will decide the final BCS title.

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