Dan Bilzerian Wins $1.2 Million Cycling Bet

While there hasn’t been an official announcement yet, high-stakes gambler Dan Bilzerian has victoriously completed his 300 mile Las Vegas-to-Los Angeles cycling prop bet, which netted him roughly $1 million, according to various posts on Twitter.

Hedge fund manager and fellow poker player Bill Perkins, who bet $600,000 against Bilzerian, said on Twitter in the early morning hours on Thursday that Bilzerian was close to the end. The ride had to be completed by 11:59 p.m. PST on Thursday, Mar. 31, but Bilzerian only had 48 hours after he began peddling to make his way across the Mojave Desert.

He began the ride at around 3:30 p.m. PST on Mar. 29 (with a police escort) at the “Welcome to Fabulous Las Vegas” sign, so he completed it well within the alloted time.

@DanBilzerian 25 miles away, controversial van removed 100ish miles out, no doubt Dan smoked this on a few drugs and adrenaline #EgoMotivation

– Bill Perkins (Guy) (@bp22) March 31, 2016

Several high-stakes poker players were giving their congratulations to Bilzerian early Thursday morning, with Perkins also saying that he is now thinking of follow-up prop bets to make with the Instagram celebrity, known for photos of women and guns.

My man @DanBilzerian just crushed that race, and earned me a little something. Good job! #champion #beast

– Brian Rast (@tsarrast) March 31, 2016

Nice one DanBilzerian! Watched all of bp22 periscope updates. Your ride generated endless entertainment and prop betting for everyone!

– Phil Laak (@PhilLaak) March 31, 2016

At one point there was some concern that the 35-year-old Bilzerian was breaking the rules by drafting behind a van that was filming the ride. It was eventually settled that drafting was OK, but, like mentioned above, the van was later taken away.

[email protected] Thats not even drafting, are we sure there isn’t an invisible fishing line attached to him also? #yallgothustled pic.twitter.com/ouKjBCKzmf

– Haralabos Voulgaris (@haralabob) March 30, 2016

In order to get ready for the ride, Bilzerian persuaded Lance Armstrong to coach him. Bilzerian agreed to contribute $25,000 to Armstrong’s child-cancer charity. Bilzerian told The New York Post he was spending over $100,000 on gear and most of the folks helping him throughout the ride. Bilzerian stood to lose his personal jet to Rick Salomon if he died on the street.