Dave Portnoy Places $1 Million Bet on Michigan in College Football Playoffs

Dave Portnoy, known for his outspoken persona and past controversies, has once again made headlines by placing a staggering $1 million bet on the outcome of the College Football Playoffs. Specifically, he's backing Michigan to triumph over Alabama in the upcoming 2024 Rose Bowl game. Portnoy, a Michigan alum, expresses unwavering confidence in the Wolverines' ability to dominate, citing their impressive performance in the Big Ten this season.

Portnoy made the bold move of placing his bet with FanDuel at odds of -118. If Michigan secures the win, he stands to rake in a substantial $847,457.63 in addition to his original stake. However, if luck doesn't favor him, it won't be the first time Portnoy faces significant losses in his gambling ventures, having previously declared "monstrous losses" and temporary retirements that seem to be short-lived.

While Portnoy has faced allegations of "sexual harassment" in the past, these were never proven. Despite the controversy, he has continued to be a prominent figure in sports gambling, even selling and repurchasing his company, Barstool Sportsbook. Having dropped a lawsuit against media outlet Insider earlier this year, Portnoy is now focusing on more positive experiences, such as placing seven-figure wagers on teams and players he supports.