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Stock Trader Wins $500k Picking NFL Games

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(photo: KXNT/Smith)

(photo: KXNT/Smith)

photo Chuck Meyer
Email Chuck at chuck.meyer@cbsradio.com
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(LAS VEGAS, KXNT, ASSOCIATED PRESS)–The newest champion of football handicapping may not work as a bookmaker, but he’s no amateur.

LVS SuperContest winner David Frohardt-Lane is a Chicago trader who lectures on predictive modeling in sports statistics and consults on scouting with a Big Four professional sports team.

Frohardt-Lane, 36, beat out more than 1,000 competitors to win the LVS casino-hotel’s football handicapping contest on Sunday. He takes home a $557,850 prize. He says he will donate half to GiveWell, a nonprofit that evaluates other charities.

He has a graduate degree in statistics from the University of Chicago, and studied math as an undergraduate at Carleton College.

The prestigious Las Vegas-based sports betting contest has more than doubled in size in recent years.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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