Willy Wonka has nothing on vegas sports books when it comes to selling Golden tickets.
Thirteen wagers were put at 500-1 chances on the Golden Knights to win the Stanley Cup at the Westgate sports publication during the preseason. 350 futures bets were taken by william Hill sports book on the Knights in 100-1 or higher.
Those long-shot wagers and prospective souvenirs suddenly have been magically transformed into virtual Golden tickets by arguably the greatest growth team in gaming history.
The Knights are eight successes from winning the Stanley Cup, but their backers can lock in a healthy gain now by selling their futures bets on PropSwap.com.
A startup secondary market for active sports wagers at vegas, PropSwap, has offered 20 Knights bets and has five futures tickets for sale, such as a $400 wager at 300-1 odds that pays $120,000. That ticket is available for $40,000.
“Just like StubHub does for Golden Knights tickets, we do for Golden Knights bets,” said Ian Epstein, who founded PropSwap with Luke Pergande. “We are a broker. You will find people with sports stakes that want to sell, and we go out and locate buyers for that.”
PropSwap, which takes 10% of the selling price, also has a $300 ticket on the Knights in 100-1 likelihood that pays $30,000 on sale for $13,500.
In both cases, the vendor is prepared to accept less than the purchase price, considering that the Knights are currently the 3-1 second choice to acquire the NHL title.
“All these are open for bidding,” Epstein said. “We can negotiate.”
A ticket — a $50 wager to win $25,000 — was marketed for $550 in November on PropSwap. The buyer put it up for sale for as much as $4,400 but has since taken it off the market. Another 500-1 bet — $20 to win $10,000 — is at the company’s database but isn’t for sale, either.
SHORT DESCRIPTION (Las Vegas Review-Journal)
“If you bet that a 500-1 ticket and marketed it today, you’d make 125 times your cash,” Pergande explained. “When is the last time you’ve struck a 125-1 long shot?”
Other earnings of Knights tickets comprised a $70 bet at 200-1 chances to win $14,000 that sold for $250 in November. The same ticket was sold for $1,400 in March.
A $100 ticket in 100-1 chances to win $10,000 currently sold for $1,750, and a $10 ticket in 150-1 odds to win $1,500 sold for $660 on Monday.
“My advice to Knights fans would be to sell your ticket, lock in a gain and enjoy the rest of the Stanley Cup playoffs,” Epstein said. “No one ever went broke taking a profit.”
Pergande said many Knights backers have resisted selling their own tickets pretending they’re considered less than a genuine fan.
“It will not make you any less of a fan if you market your wager,” he explained. “You are still rooting for the Knights. You just like money.”
In January, PropSwap sold for $3,450 per month bettor’s $50 ticket in 200-1 chances to win $10,000 about the Knights winning the Pacific Division. The seller made more than $3,000, and also the purchaser ultimately turned a gain of $6,550.
The Knights continue to fuel that a seller’s market, as they have yet to track in a playoff series. But Epstein cautions that they will be underdogs in the Western Conference Final and will not have home-ice advantage.
“These men who have Knights bets have never had their backs against the wall,” he said. “They believe this roller coaster will keep going up and up and it’s never going to stop. … We’re trying to put money in your pocket.”
William Hill would shed more than $1 million if the Knights hoist the Cup, and Wynn Las Vegas sports book manager Johnny Avello estimates the state’s sports books would lose $5 million to $10 million.
More gambling: Follow all of our sports gambling coverage online at reviewjournal.com/betting and @RJ_Sports on Twitter.
Contact writer Todd Dewey in tdewey@reviewjournal.com. Follow.

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