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It compliments my portfolio very well. Thanks again. Sign up now for free tips and advice in your inbox every week. How it works. Or get even better value with our combo membership. To a huge range of bettings tips, tools and punting community. Still not sure?

Trev has a full set of ratings Season results after Round 8: Bets The Bool plus all the latest racing and sports betting news The Betting Academy. Group 1 Robert Sangster Stakes: Pro punter preview and best bet. It compliments my portfolio very well. Thanks again. Sign up now for free tips and advice in your inbox every week.

How it works. Or get even better value with our combo membership. To a huge range of bettings tips, tools and punting community. Still not sure. Trev has a full set of ratings Season results after Round 8: Bets The Bool plus all the latest racing and sports betting news The Betting Academy.

Group 1 Robert Sangster Stakes: Pro punter preview and best bet. Champion bet login From there, they can shop their bet around to other users or wait for offers to come in. They can, of course, purchase other users' wagers as well. Geiger wanted the opportunity to land this ticket on WagerWire, as it would be the biggest bet the platform ever handled.

He reached out to the purported ticket holder -- only it wasn't Shelton, but instead a year-old named Sean Koehler, who attempted to co-opt the internet fame by claiming the ticket was his. Shelton caught wind of the scheme and contacted Koehler, who admitted to duping media outlets.

Shelton eventually verified the bet was his by syncing his DraftKings account in WagerWire. DraftKings declined to comment for this story but confirmed the legitimacy of the ticket. Though Shelton wasn't sure if he even wanted to sell, he listed the ticket on the platform to keep all his options open.

Right now, WagerWire makes its money by splitting "nominal" buyer transaction fees with sportsbooks, which vary from operator to operator. The sportsbooks handle all of the actual transferring of wagers -- a feature that keeps the secondary market compliant with betting laws. Geiger feels that his company's product complements sportsbook's cash-out options, which are inherently lower than market value to align with their own business needs.

To that end, it's possible that WagerWire and similar products could eventually directly integrate with sportsbook interfaces, providing a more appealing alternative right in the apps. It might eventually look similar to the secondary events ticket marketplace: If a user couldn't get the ticket they wanted at the original price, they can pay a premium to get in later.

Finding a buyer willing to pay thousands -- or hundreds of thousands, in Shelton's case -- to get in on the action can be difficult. This is where another company, White Glove Bets, enters the picture. Self-described as a "concierge service" for digital betting, White Glove Bets has a stable of "high-level VIPs" that ordinarily cannot deposit money at major sportsbooks due to the inherent risk they bring with their deep coffers.

While they're not what you would call professional bettors, these players regularly make six-figure deposits and wagers. Smith said the clientele is "predominantly" male bettors with some as young as 25 years old. Several have been circling Shelton's ticket. One of the potential investors, who has a particular penchant for futures, was very intrigued by the final leg of the wager and expressed interest in buying it.

Smith has requested that the potential buyer remain anonymous. But knowing that the Thunder were likely to knock out the Pelicans in the first round of the playoffs, he decided to hold onto the ticket, anticipating a value increase. He also had some reservations about the still emerging secondary market. It's just that I have to trust the company that I'm talking to or the person I'm talking to, and I just don't know these companies well enough to be comfortable saying, 'Sure, I'll do that.

Protecting the original ticket remains his top priority. Still, if the secondary market can continue to grow and be taken seriously, it could provide the alternative to cash outs that high-end bettors have been waiting for: Only a "super VIP" could have the capital to bail Shelton's ticket out above the cash out value, and such a buyer could also have the means to properly hedge the bet all the way.

While the financial thrillseekers wait in the wings, looking for that moment to make him a life-changing offer, Shelton is just enjoying the ride. He says he might take a vacation and wants to meet someone famous if and when he comes away with the money, but hasn't put a lot of thought into it because it isn't tangible.