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March Madness betting: St. Peter's holds the key to an $800k payout for one bettor

A quarter of the Sweet 16 is comprised of double-digit seeds who defied the odds to make the second weekend. Even though there are four Cinderellas at this ball, there's only one that everyone outside the state of Kentucky has fallen in love with, and that's the No. 15 St. Peter's Peacocks. One of those people is a BetMGM customer who placed a $4,000 wager at 200-to-1 odds that St. Peter's will win the national championship. If they cut down the twine on April 4, it will net the bettor $800,000.

Strutting their stuff

The Peacocks entered this year's NCAA tournament with an 0-3 record in the Big Dance and rated 118th by KenPom.