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Statistics genius wins over $500K Vegas NFL contest

Statistics genius wins over 500K Vegas NFL contest

David Frohardt-Lane, a Chicago trader and consultant for a major professional team, has won a Las Vegas premier sports handicapping contest worth $557,850. Frohardt-Lane managed to beat over 1000 other contestants participating for a shot at the LVH casino betting super contest. He says he will donate half of his winnings to a nonprofit which evaluates charities.

The trader and consultant got interested in sports wagering while he was studying mathematics at Carleton College where he used his knowledge on NFL statistics on a math project which he later realized he could have used for placing bets and winning on average 60% of the times.

The SuperContest was established in the 80's and has grown massively over the last few years. In 2011 it drew in 517 contestants, 745 in 2012 and last year it attracted 1034 entries. The SuperContest charges an entry fee of $1500 and Frohardt-Lane bought two entries. He beat 0ver 1000 contestants of which only 34 finished in the money.