Filed under: Auburn, Oregon, SEC, BCS Championship Game
There are three certainties in life: death, taxes, and the SEC winning in the BCS title game.
Not just winning, by the way, but winning and covering the spread. In fact, if you'd pulled your kid's college fund out of stocks in the dawn of the BCS era in 1998 -- congrats, by the way, the rest of us hate you -- and rolled your money into the lucrative BCS title game gambling industry, you'd have paid for your kid's college by betting on six games. (Or at least paid for his preschool. I have two kids under the age of three in preschooland it costs me more than if they were both enrolled at a state university. How is this possible?) In the halcyon year of 1999, before Google and Facebook had created three of the richest men on Earth, the University of Tennessee rolled up against Florida State in the first BCS title game.
In a period of time when the stock market would return nothing, the stakes were set for you to return 64-times your investment over the next 12 years. How? Place a $1,000 bet on the SEC to cover the spread beginning with the first title game. (You could have actually made more money than this if you'd bet on the SEC to win since three of these teams were outright winners as underdogs, but we're simplifying because I don't want an accountant to get involved).
$2,000 --Tennessee over Florida State 23-16 (The Vols are two-point underdogs)
$4,000 -- LSU over Oklahoma 21-14 (LSU, the underdog by four points, wins by 7)
$8,000 -- Florida over Ohio State 41-14 (The Gators are touchdown underdogs and win 41-14)
$16,000 -- LSU over Ohio State 38-24 (LSU is favored by four and wins 38-24)
$32,000 -- Florida over Oklahoma 24-14 (The Gators are favored by five and win 24-14)
$64,000 -- Alabama over Texas (Bama is favored by four and wins 37-21)
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