Imagine that you bet that a certain team will win a certain game.
Imagine that the team wins that game.
Imagine that you lost money on that bet anyway.
That scenario came true for some bettors who made bets on the 2017 March Madness men’s game between Michigan and Oklahoma State.
Here is an excerpt from a USA Today story about what happened:
“Those of you watching the end of a nail-biter between Michigan and Oklahoma State saw Cowboys guard Jawun Evans nail a three at the buzzer to cut a four-point Wolverines win to just a one-point 92-91 victory.
The spread, you see, favored Michigan (we’ve seen some say it was -2, others -2.5), which means that Evans’ three lost some money for those who put cash down on the Wolverines. There was lots of anger about it on Twitter.”
These bettors are mad at the Michigan team, as if the team were responsible for the bets that were made.
It isn’t the job of the Michigan team to enable people to win bets. The Michigan team accomplished its mission regardless of how many points that the team won by.
These particular bettors aren’t losers just because the lost money. They are also losers because of their attitude toward the Michigan team.
The Michigan team did nothing wrong. These bettors are in need of an attitude adjustment.