Dave Portnoy bets $10,000 on Michigan Wolverines' victory

Dave Portnoy, the president of Barstool Sports, has placed a significant bet during March Madness. He wagered $10,000 on his alma mater, the Michigan Wolverines, to win the national championship. If Michigan succeeds, Portnoy stands to gain over $800,000. Currently, Michigan is performing well in the tournament. They have advanced to the Sweet 16 after defeating UC San Diego and Texas A&M. Portnoy is excited about their chances, especially as Michigan holds an 80-1 odds to win the championship. Portnoy shared his bet on social media, joking about the unusual odds. However, advancing to the next round will not be easy. Michigan is set to face the top-seeded Auburn Tigers next. Auburn is favored to win by 7.5 points and has a strong team led by potential National Player of the Year, Johni Broome. With a few days left to prepare for the game, both teams will work on their strategies. The matchup is scheduled for Thursday night in Atlanta.