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Oklahoma State's meaningless buzzer-beater vs. Michigan was a big deal for gamblers

The Wolverines advance, but a whole lot of money just changed hands in Las Vegas because of the final play.

Michigan beat Oklahoma State, 92-91, to advance to the second round of the NCAA tournament.

But thanks to a final-second three by OSU’s Jawun Evans, everyone who’d bet on Michigan to win and cover the spread ended up losing money, and everyone who’d made a Cowboys bet (and probably already given up on it) walked away with cash, thanks to the backdoor cover.

CBS

The line before tipoff ranged between 2.5 points and 3.5 points, making that meaningless three one of the worst bad beats — or bets that don’t cash due to late, fluke-y plays that didn’t actually impact the result — in recent March Madness history.

And since Michigan is the bigger name and more popular school, it’s no surprise that more bettors had money on the Wolverines covering. Vegas always wins in the end.

However, one person’s bad beat is another person’s shrewd investment.

Either way, Brent Musburger’s smiling somewhere.