Watched a guy go into a sportsbook in Atlantic City on the first Friday of the NCAA Championship in March.
The sportsbook was dimly lit, but playful. Games were on most of the displays, and he was hot for Wisconsin. Loved the Badgers, though they were facing an Oregon team that had won eight straight and played its way into the area by winning the Pac-12 Tournament.
But before jumping on Wisconsin, which started at 4:30 p.m., he set $3,500 on Cincinnati to beat Iowa in the first block of games. Cincy had won the American Athletic Conference Tournament the previous weekend and when the Bearcats jumped out to an 18-5 lead, it looked like a fine start to the day.
Then Iowa shot 65 percent from the field in the second half and roared back to win by seven. No issue, right? Still had Wisconsin starting in 90 minutes.
When our man went back to put an additional $3,500 on the Badgers, he had been told his limit had been cut to $2,800, essentially telling him that if he wanted to reclaim the $3,500 he dropped on Cincinnati, he would need to win two matches.
Casinos may impose limits at their discretion to limit their liability. It is well over the regulations, but a restriction brand new to many bettors within this area of the nation.
Aggravated, the man jumped in a taxi and went to the Borgata. He managed to get $3,500 on Wisconsin, which fell apart in the second half and dropped by 18.
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