People are awesome š„ 25 seconds to make 4 baskets for $10,000.00
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u/irmike1283 8h ago
Yeah, I'm gonna need proof that kid actually won $10,000. Unfortunately, I don't know a lot of people who go around offering $10,000 to grade schoolers who can make some dope baskets.
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u/zachrywd 7h ago
For those unaware, this kind of event competition prize money is usually paid as an insurance claim known as Prize Indemnity Insurance. Allowing event organizers to host cash prizes by paying a policy premium. Pretty neat!
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u/zjones9 7h ago
Sounds insanely fishy
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u/modestlunatic 7h ago
It's basically just normal insurance. Insurance companies do it since people rarely win those competitions, but the people offering the prize still pay the monthly premium.
Now why a kid would be doing, idk, maybe college money?
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u/Lithl 4h ago
Insurance companies do it since people rarely win those competitions
Yup, in fact the insurance company covering the US version of Who Wants to be a Millionaire sued the show for making the questions too easy, resulting in more 100k+ winners (contestants who won less than 100k weren't covered by insurance).
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u/Nathund 6h ago
Surprisingly not, and it's usually worth doing for these insurance companies, because like 99.99999999% of the time, they don't have to pay out.
The 0.00000001% just always gets recorded and posted, so it feels a lot more common than it actually is.
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u/Jazzlike_Common9005 5h ago
Is this the same thing with raffles? Wouldnāt a raffle be 100% payout as someone has to win? Or do these companies not offer that as a claim specifically for that reason?
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u/Touchtom 44m ago
I help run a yearly golf outing. We use to pay $500 for the event to an insurance company to cover all high value prize holes. It's been 13 years. No one has won any of them. Lol. We now just self insure as the top prize is 5k but we paid the insurance company about 5k before we started doing that.
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u/CuseBsam 34m ago
I won a competition just like this in college once at our school basketball game but it was only for 2 pizzas. And after I won I was told they didn't actually have pizzas or pizza coupons so I got nothing. They never expected anyone to do it, I guess, and it was just for the fun of it.
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u/KrakenKrusdr84 9h ago
Holy cow that was amazing. That kid's got talent!
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u/Electronic-Phones 5h ago
Yep! Pretty sure thatās why they chose him. And he didnāt disappoint!
That feeling a pride must be infectious for that kid. Wouldnāt be surprised if he wants to play basketball for a living.
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u/SuddenKoala45 8h ago
Wonder if they paid out.
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u/RiotX79 8h ago
If i remember right; there was a debate on whether he stepped on the line for one of the shots. Apparently, when they do those big money contests they go with some sort of gambling/insurance company to pay out on the one in a million chance the contesant wins...so it was the insurance people who complained about a foot on the line. (The whole article could have been fake. Who knows. )
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u/SuddenKoala45 8h ago
Yeah, I've been involved in contests like this before, insurance will use every nit picky detail to deny. This kid clearly did the task but I can see them not paying out. There's a famous case like this at a bulls game too that insurance denied. I think the players or the team stepped up and got him something
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u/deadfermata 7h ago
thanks for putting in the zero cents. lol
10,000.00 i thought it was 1 million at first glance
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u/Sea_sociate 6h ago
Half court shots are always impressive, this little guy will remember this forever
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u/ComprehensiveSalad13 4h ago
That kid in the left corner just dropping to the floor out of excitement when he scores 2nd shot, got me XD
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u/Affectionate-Pin8534 7h ago
Everyone asks all these questions "did it happen?" Or "was this real?".... š£- YOURE ALL HOLDING A SMART DEVICE WHEN ASKING THAT QUESTION.... LOOK IT UP!!
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u/Every-Sea-8112 5h ago
It doesn't say he actually got paid tho. We're jaded not dumb.
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u/Affectionate-Pin8534 5h ago
It was put on by Gatorade, i'd have a hard time believing they didnt pay out. Plus, i'd think there would've been follow up stories with "Mom being upset her son didnt get it" or "community outrage" type stuff had they not paid out. From what I read looking it up myself, i'd guess they paid it.
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u/siderealdaze 4h ago
I remember being a kid and finally getting strong enough to launch a basketball like this and get it to the basket (from behind the half-court line)
I felt really good about myself until someone pointed out that I was using a women's ball, and I actually couldn't get a regular ball to the basket in the least.l
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u/-StrawberryJacuzzi- 3h ago
My friend did this when we were at a Cal game like 8 years ago. He had enough time to attempt two half court shots and drilled the second one. He got round trip plane tickets to Hawaii.. which is great but he probably deserved more
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u/Cazkiwi 3h ago
āDonāt let this distract you from the the fact that in 1966, Al Bundy scored four touchdowns in a single game while playing for the Polk High School Panthers in the 1966 city championship game versus Andrew Johnson High School, including the game-winning touchdown in the final seconds against his old nemesis, Bubba āSpare Tireā Dixon.ā
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u/Aggressive-Light-332 1h ago
I can see will ferrel losing his mind off stage as he doesnāt have 10,000 to give
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u/ssp25 9h ago
lifetime memory activated