To show how improbable UMBC's win over UVa was, I went back and looked at their season and the only reason why they're in the tournament is because they upset heavily favored Vermont on a buzzer beater in their conf. tourney.
Not how it works, if he placed a money line bet of $500 he would have won 10G Lay $100 to win $2000 200 - 4000 300 - 6000 400 - 8000 500 - 10000