Ladder Bettor Wins $235K as Knicks Beat Spurs in NBA Finals Game 1

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BetMGM’s well-known ladder bettor won nearly a quarter of a million dollars by backing the New York Knicks over the San Antonio Spurs in Game 1 of the NBA Finals.

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The anonymous user, who is believed to have profited approximately $2 million during the NBA Playoffs, cashed a range of bets from Knicks +8.5 to Knicks +4.5.

Key Takeaways

The bettor added $85.8K to their growing profit from betting on the NBA Playoffs.

BetMGM revealed bettor won about $1.2 million by backing the Knicks in the Eastern Conference Finals.

This is the first time all season the Knicks are favored to win the Finals.

BetMGM News posted on X shortly before tip-off that the sportsbook had accepted $150,000 worth of tickets, the largest of which was an $80,000 wager on the Knicks at +8.5 (-210).

A few hours later, and after the Knicks upset the Spurs on the road, 105-95, all of the bets were graded as winners. BetMGM paid the user $235,787.55, or $85,787.55 in profit. The largest individual win was $118,095.24 for the $80,000 stake on the Knicks +8.5 at -210 odds. 

The bettor behind these, and other ladder wagers, remains unknown. However, the consistency and uniqueness of their approach make it appear as if the same individual was behind a series of related bets throughout the playoffs.

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The user made nearly $1.2 million by backing the Knicks in the Eastern Conference Finals alone. That included $466,718 in profit from $775,000 in wagers during the Knicks’ historic Game 1 comeback, which saw them recover from a 22-point fourth-quarter deficit to win in overtime.

That said, the $150,000 in total wagers was on the smaller end of the bettor’s bankroll. They never risked less than $300,000 in the Eastern Conference Finals and had six figures of ladder bets in other series, including the Western Conference Finals and the conference semifinals on both sides of the bracket.

Spurs still favored in Game 2

The Spurs were a consensus 4.5-point Game 1 favorite before Wednesday’s tip-off. They were also BetMGM’s series favorites at -190,…

Source link : https://sports.yahoo.com/articles/ladder-bettor-wins-235k-knicks-151100148.html

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Publish date : 2026-06-04 15:11:00

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