Indian Head, OK - A man from Texas lost $424,000 last month after he placed a double-or-nothing bet on the instant replay of a March Madness college basketball game. The man was down $212,000 dollars when he placed the bet. It is the largest gambling loss in the history of legalized gambling on Native American land in Oklahoma. The state released the news yesterday.
Vernon "Tex" Tithers had lost the $212,000 playing slap-jack at the Feather In Your Cap casino in Burbank in the Chippewa Nation. As casino personnel were taking Tithers to a back room for a good old fashioned beating, he looked up and saw the end of a game that was being played during the NCAA's March Madness college basketball tournament (we cannot name the teams specifically because we don't have expressed written consent of the NCAA and ESPN).
A player had just made a 3-point half-court shot at the buzzer which gave his team a one point victory. According to Tithers, he believed that there was no way the player could make that shot again. So Tithers yelled out that he wanted to go double-or-nothing on the end of the basketball game. The casino, which is under no obligation to consider the level of stupidity of gamblers, accepted the bet. The instant replay showed the same player making the same shot, and Tithers was down $424,000.
Said Tithers as he was being led away to sign over his house, car, boat, horses, and his teenage daughter Fernon to the casino, "I just couldn't believe that guy could make that shot again. I thought I had a sure thing. But damn if he didn't swish that ball a second time. I got a system and I'm sure I can win next time. I have two more daughters, so I'm still in."