Willy Wonka has nothing on Las Vegas sports books when it comes to selling Golden tickets.
Thirteen wagers were put in 500-1 odds on the Golden Knights to win the Stanley Cup at the Westgate sports publication during the preseason. 350 futures were taken by william Hill sports book on the Knights.
Those long-shot wagers and would-be souvenirs suddenly have been transformed into virtual Golden tickets by arguably the greatest expansion team in gaming history.
The Knights are eight victories from winning the Stanley Cup, but their backers can lock into a healthy gain now by selling their stocks stakes on PropSwap.com.
A startup secondary marketplace for active sports wagers in Las Vegas, PropSwap, has offered 20 Knights bets and has five futures tickets available, including a $400 bet at 300-1 chances that pays $120,000. That ticket is available for $40,000.
“Just like StubHub will for Golden Knights tickets, we do for Golden Knights bets,” said Ian Epstein, who based PropSwap with Luke Pergande. “We are a broker. There are individuals with sports stakes that are looking to market, and we go out and locate buyers for this.”
PropSwap, which takes 10 percent of the selling price, also has a $300 ticket on the Knights at 100-1 odds that pays $30,000 on sale for $13,500.
In both cases, the seller is prepared to take less than the purchase price, considering that the Knights are currently the 3-1 second choice to win the NHL title.
“These are open for bidding,” Epstein said. “We can negotiate.”
There was — a bet A ticket sold PropSwap for $550 at November. The buyer put it up for sale for as much as $4,400 but has since taken it off the market. Another 500-1 wager — $20 to win $10,000 — also is at the company’s database but is not for sale, either.
SHORT DESCRIPTION (Las Vegas Review-Journal)
“If you gamble that a 500-1 ticket and sold it today, you’d make 125 times your money,” Pergande explained. “When’s the last time you’ve hit a 125-1 long shot?”
Other earnings of Knights tickets comprised a $70 wager at 200-1 chances to win $14,000 that sold for $250 in November. The ticket was sold for $1,400 in March.
A $100 ticket in 100-1 chances to win $10,000 recently 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 is to offer your ticket, then lock in a gain and revel in the remainder of the Stanley Cup playoffs,” Epstein said. “No one ever went broke taking a profit.”
Pergande said many Knights backers have resisted selling their tickets pretending they’re considered significantly less than a genuine fan.
“It doesn’t make you any less of a fan if you sell your wager,” he said. “You are still rooting for the Knights. You just like cash.”
In January, PropSwap sold for $3,450 per month bettor’s $50 ticket in 200-1 odds to win $10,000 about the Knights winning the Pacific Division. The seller made over $3,000, and the purchaser ultimately turned into a gain of $6,550.
The Knights continue to fuel a seller’s market, since they have yet to track in a playoff series. But Epstein cautions that they will be underdogs from the Western Conference Final and won’t have home-ice advantage.
“These guys who have Knights bets have never had their backs against the wall,” he said. “They think this roller coaster will keep moving up and up and it is never going to stop. … We are trying to put money in your pocket.”
William Hill would lose more than $1 million if a Knights hoist the Cup, and Wynn Las Vegas sports book director Johnny Avello estimates the nation’s sports books would lose $5 million to $10 million.
More betting: Follow all of our sport betting coverage online at reviewjournal.com/betting and @RJ_Sports on Twitter.
Contact reporter Todd Dewey in tdewey@reviewjournal.com. Follow @tdewey33 on Twitter.

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