Maybe the third time will be the charm for Derek Stevens. And if it is, the Big Ten's national championship drought would be over.
Stevens, a Michigan native and Las Vegas casino owner, has a bet that would pay him $1 million if the Wolverines win the national title. He had a similar bet on Michigan last year, and also on Michigan State when it made the Final Four in 2015.
Stevens, the owner of The D Las Vegas Hotel and Casino, placed a $25,000 bet on Michigan to win a national championship back on March 3 -- the day before the Wolverines beat Purdue in the Big Ten Tournament final.