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Because this was plan by FD-
Tremendous free PRComment -
FanDuel must be pretty confident they won't have similar glitches in the future. How many people are going to be watching NFL this weekend with the app or website open hoping to score it big like these guys did? Maybe the PR from this does pay for itself, still sets a terrible precedent.Comment -
The bet was made when Denver was at their own 45 with a minute left.
Prince was handed his 750-1 ticket with about a minute left in the game, as the Broncos trailed by 2 points on their final drive. Denver kicked a field goal with 6 seconds left to win 20-19, capping a second half comeback that started with the Broncos down 12-0.Comment -
Yeah, I'm sure FanDuel was thrilled with all the stories about their rip-off 40-50 cent MLB baseball lines when they started operating in Jersey. But hey, it got their names in some headlines!
Things just got better when they were part of a story about hanging a bad line and initially refusing to pay. Fans love stories about books cancelling or retroactively re-pricing winning tickets.
If FanDuel has a good publicist, they can probably get a few stories in about how their House edge in Fantasy Sports is more than double the 4.5% house edge on normal -110/-110 bets. I'm sure they'd love the publicity from some stories emphasizing that the effectively charge both sides -125 on their Fantasy products (in which they bear no risk).Comment -
Good thing that he got paid; the best incentive for books to avoid mistakes is to require them to pay up if they do make one. FD should get some small benefit from this in the form of customers going to the book hoping this will happen again and most surely losing their money.Comment -
10 pages......
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Fan Duel paid me $4000 ck last year.
I LUV FD!!
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Why would I lie about it?? LOL
6 paragraphs down.
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As others have said, the best thing that could have come out of this is some sort of concrete ruling either from FanDuel or NJ about when a book is allowed to rule that a bet was priced incorrectly and therefore void. FanDuel did not originally agree to pay the wager, if the original guy didn't complain and took the $500 and tickets offered to him, do we even get to this point? They only caved after pressure from the American public that is largely uninformed about betting painted this as a case of a dishonest company trying to cover its losses after making a mistake, when in reality this bet was only available for an 18-second window and those bettors knew exactly what they were doing.
However, instead of getting a concrete ruling, FanDuel decided it was in their best interest to honor the bet. The terrible precedent is that now bettors can and should expect to get paid on absurdly incorrect odds, not just at FanDuel but at any NJ book. I personally don't want legalized betting to turn into a situation where winners are largely banned but shot-takers are allowed to wait around on the app all day for +75000 to pop up again.Comment -
Fan Duel to pay man 82k for bad line
I was shocked by this. No book I know would ever honor such a bad line, "after talking with state regulators".
I'm all for the players and slightly jealous of this guy, but if someone ever hits a huge line into the millions what's the difference? Now you've set a precident for that to happen and get paid.
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Late to the party
but ya
its peanuts for them
might as wellComment -
I was shocked by this. No book I know would ever honor such a bad line, "after talking with state regulators".
I'm all for the players and slightly jealous of this guy, but if someone ever hits a huge line into the millions what's the difference? Now you've set a precident for that to happen and get paid.
https://www.njherald.com/article/201...P/309209778#//
All about Timing. They just opened up and are getting killed Pr wise only reason they did it. But you're right sets a terrible precedentComment -
Hyman all over this story. Also has an “inside” in Congress as well. I’d expect N.J. books to be shut down by weeks endComment -
Ya but next bad line that dings them for millions everyone will point to this story.
This makes me just want to look for bad lines "generated by their system". I think live lines are the obvious target.
Ok, I'm sure there is a thread. I'll check in on it.
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I was just there and a guy was trying to bet live and the game kept getting suspended while the guy at the counter was putting it in. If they are going to accept live bets just do it on the appComment -
there is no difference if its in the millions. they just have to eat it. pokerstars ate 10's of millions from payment processor thefts and goverment seizures and paid a billion dollar fine. im sure they can limit their risk by limiting all bets to certain maximum payout amounts though. stock trading bots can malfunction and lose millions and they dont get a refund why should gambling sites? if you have a program offering odds on your behalf then its your fault if they dont offer the right odds.I was shocked by this. No book I know would ever honor such a bad line, "after talking with state regulators".
I'm all for the players and slightly jealous of this guy, but if someone ever hits a huge line into the millions what's the difference? Now you've set a precident for that to happen and get paid.
https://www.njherald.com/article/201...P/309209778#//Comment -
It sets a great precedent, the same one Nevada has. Book a bet, pay a bet. All tickets are final as written. Hopefully every US jurisdiction where Sports betting is legalized will follow the same rules. I will gladly play at Fanduel as soon as they are available in my state, because I know my money is safe and they will honor their lines. As a new Sports Betting entity in the US, They went a long way toward establishing trust with bettors by coming around to the right decision, and it will pay off for them down the line.Comment
