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Man duct-taped to traffic sign after losing bet

HOUSTON - A video of a man paying the price for losing a bet on a basketball game is going viral on Facebook. 

KHOU-TV reports that drivers who saw Miguel Chavaz taped to a yield sign in Houston called police. 

Chavez agreed to be taped to the sign after losing a bet on a Houston Rockets game.

The situation grew tense when, according to KHOU, officers arrived to see someone with a knife walking toward the tied-up Chavez. Turns out the knife-wielding man was there to cut Chavez down.

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