A New Jersey financial pro just won nearly $500,000 on a sports bet. He’ll use it to pay off student loans.

by | Dec 27, 2023 | Stock Market

After winning nearly $500,000 on a $5 sports bet, a New Jersey financial adviser said he is planning to follow some of the advice he gives to clients and put the money to good use. Travis Dufner, a 32-year-old adviser with Millstone Financial Group in Millstone, N.J., is the bettor who has stepped forward to say he won the $489,378.01 parlay payoff. The wager involved picking 14 players who would score a touchdown over the holiday weekend’s NFL games.

When San Francisco 49ers running back Christian McCaffrey came through with a second-quarter touchdown in the Monday night game against the Baltimore Ravens, Dufner realized that his improbable bet, which carried odds of almost 100,000 to 1, had finally paid off. Dufner told MarketWatch that he planned to use his winnings to pay off student loans that he and his wife have, plus “some car payments we’d like to get rid of.” But he doesn’t plan to put anything toward his home mortgage, noting that it’s locked in at a hard-to-beat rate of 3 …

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[mwai_chat context=”Let’s have a discussion about this article:nnAfter winning nearly $500,000 on a $5 sports bet, a New Jersey financial adviser said he is planning to follow some of the advice he gives to clients and put the money to good use. Travis Dufner, a 32-year-old adviser with Millstone Financial Group in Millstone, N.J., is the bettor who has stepped forward to say he won the $489,378.01 parlay payoff. The wager involved picking 14 players who would score a touchdown over the holiday weekend’s NFL games.

When San Francisco 49ers running back Christian McCaffrey came through with a second-quarter touchdown in the Monday night game against the Baltimore Ravens, Dufner realized that his improbable bet, which carried odds of almost 100,000 to 1, had finally paid off. Dufner told MarketWatch that he planned to use his winnings to pay off student loans that he and his wife have, plus “some car payments we’d like to get rid of.” But he doesn’t plan to put anything toward his home mortgage, noting that it’s locked in at a hard-to-beat rate of 3 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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