Bettor puts up $50K to win $500 on Warriors

On Tuesday afternoon, hours before heavily favored Golden State tipped off with Utah, the Westgate SuperBook had taken just one bet on the Warriors to beat the Jazz in the seven-game series -- a $50,000 bet at -10,000 odds.

If Golden State prevails, the risk-taker will net a profit of $500. To repeat, that's $50,000 to $500.

The Jazz were as much as 20-1 underdogs to eliminate the Warriors, the outright favorites to win NBA championship.

Golden State is a 13-point favorite in Game 1 at Oracle Arena. The Jazz beat the Warriors 105-99 at Oracle on April 10, ending an eight-game losing streak to Golden State. But neither team was at full strength in that late regular-season meeting.

A bettor at Las Vegas sportsbook operator CG Technology put $576,000 on Golden State to win Tuesday night's game straight-up. The bet would net $36,000.

There are some Utah believers, though. In fact, 90 percent of tickets on the odds to win the series at William Hill's Nevada sportsbook were on the Jazz, the largest a $200 bet at 20-1 that would net $4,000.

Another bettor at William Hill chose the opposite strategy and bet $200 on the Warriors to win the series at -7,000 odds. Their bet would net $2.85.