The Kentucky Wildcats' dominating start to the college basketball season has one Nevada sportsbook in a precarious position.
In July, a customer at the William Hill sportsbook requested odds on Kentucky going undefeated. The book obliged and gave coach John Calipari's team a 50-to-1 chance to win every game, including the NCAA tournament. Five months later, the top-ranked Wildcats are 13-0 and William Hill is staring at a six-figure liability that keeps growing.
“It's pretty good six figures, too,” William Hill director of trading Nick Bogdanovich said of the liability on the popular prop bet. “They keep betting it.”
Kentucky defeated No. 4 Louisville 58-50 on the road Saturday, the Cardinals being the biggest challenge remaining on the Wildcats' regular-season schedule. They're expected to be solid favorites in their remaining 18 games and are outright favorites to win the national championship at multiple Vegas sportsbooks. But Kentucky is still an underdog to complete the first undefeated season since the 1975-76 Indiana Hoosiers.
Walter Cornett, of Glendale, Kentucky, is the owner and operator of Walter's Wildcat World. He founded WildcatWorld.com in 1998 making it one of the oldest Kentucky basketball fan sites in operation today.