Heard a rumor Meadowlands sports book didn't pay a Broncos live Ticket

[goduke]

What a scumbag this guy is. I hope all books get his name and he can’t place a wager anywhere in Vegas, offshore, or jersey

[KVB]

Reliability is important and if books place on emphasis on selling the ticket and not on reviewing what's sold, brick and mortar books will pay for it one way or another.

It's like being in a hurry to announce the news first that it doesn't matter if it's correct.

Well, it matters.

[KVB]

New Jersey have not said what it will be. And I'll bet you dollars to donuts the rule Fanduel has will stay.

The NJ operators and the regulator got together and decided their point of difference with offshore is perceived player fairness and regulation, so insisted Fanduel end this now rather than have it drag out into a court case.

The palpable error rule will stay for both online and B&M same as it exists every single regulated jurisdiction. And will be over-enforced in time, once the local market no longer feels in competition with offshore.

Jersey said exactly how it will be, and the book listened.

[reigle9]

im floored they paid...was listening to a cfb betting podcast with a guy from westgate, he said he doesn't know anymore than anyone else but he thought they would pay, i thought he was incompetent when he said that lol

guess 100k is a drop in the bucket compared to losing all of the square money because they think you don't pay winners

[BigJay]

Insane. I just saw that FD paid these guys.

Tony is rolling over in his grave about now.

[KVB]

Insane. I just saw that FD paid these guys.

Tony is rolling over in his grave about now.

Tony wouldn't last a minute in Vegas, not one fukkin minute.

Wait, Tony died?

[reigle9]

these dudes would 100% have their money taken and account closed on 5d

[KVB]

Posters waking up to how it used to be, before online bullshit warped their sense of gambling rules.

[Wohlford]

1. Books are licensed by the public and should serve the public interest. The rules that govern them should side with the public, as they do in Nevada compared to the UK which just lets books do whatever they want.

2. Books are run by major corporations who have it in their power to get insurance for these errors and implement policies and procedures to prevent them. If they screw up, they (and/or their insurer) can and should bear the cost of that.

3. The integrity of sports betting demands that every ticket that is written be honored. Period. These "palpable error" rules are industry-serving bullshit. How bad does the line have to be? That's an impossible line to draw.

4. The amount of people defending poor innocent FanDuel--who has the balls to post 40 cent gameday MLB lines--is pathetic. You're all a bunch of bootlickers. Did you idiots ever even realize that FanDuel was charging you -125 to play a H2H or 50/50 fantasy game?

[ikid2groove415]

Vegas deals with this too.

The Vegas commission handles it on a case by case basis.

Real hustlers knows what exactly going on here - this story was really fishy - and now that they pay the players? just confirms It- was all script
( the PR from this is worth millions 2 FD)

[Mrtop7]

the 82k bettor says he likes denver sunday

[Optional]

Jersey said exactly how it will be, and the book listened.

Quote the clarification?

And pulease don't try that line about "After discussions with the commission it was decided this would be done". That line shows what I was saying!

Show me where the commission says books, B&M or otherwise, can no longer cancel errors?

[Optional]

1. Books are licensed by the public and should serve the public interest. The rules that govern them should side with the public, as they do in Nevada compared to the UK which just lets books do whatever they want.

^^^ big important point.

And the way this was handled was not by any rules. It was done soley in the books/industry best interests, just like what happens in the UK.

New Jersey Commission should not be working with books on the best PR moves, they should be an independent adjudicator. Much more like how it works in Nevada.

[KVB]

Quote the clarification?

And pulease don't try that line about "After discussions with the commission it was decided this would be done". That line shows what I was saying!

Show me where the commission says books, B&M or otherwise, can no longer cancel errors?

It doesn't. In fact, to my dismay, it doesn't address how to avoid future errors or assurances they will.

What the commission did declare, as you can tell by the result, was that bets taken will be honored. The best path for the book is to honor the bet, or at least the best way to end it.

When we see a counter mistake, in Jersey, that isn't honored, then we can continue that discussion.

[KVB]

^^^ big important point.

And the way this was handled was not by any rules. It was done soley in the books/industry best interests, just like what happens in the UK.

New Jersey Commission should not be working with books on the best PR moves, they should be an independent adjudicator. Much more like how it works in Nevada.

Agreed, but they are trying to navigate some territory here. At least that's what they want to say.

We'll see just how much shit Jersey really did get together, or if the books have muscle.

I think the commission has muscle, and is buying time to institute policy.

[Optional]

It doesn't. In fact, to my dismay, it doesn't address how to avoid future errors or assurances they will.

What the commission did declare, as you can tell by the result, was that bets taken will be honored. The best path for the book is to honor the bet, or at least the best way to end it.

When we see a counter mistake, in Jersey, that isn't honored, then we can continue that discussion.

Fine, look me up when it does.

Over/Under 45 days until another one big enough to make the media blows up in the USA?


This publicity should bring angle shooters out of the woodwork to give it a shot. Fanduel will have to get everything mistake free to survive it in the short term.

Which might mean closing live betting before games end for one thing.

Don't kid yourself. Eventually regulated books will cancel and dishonor way more bets that you've ever experienced offshore.

[KVB]

Don't kid yourself. Eventually regulated books will cancel and dishonor way more bets that you've ever experienced offshore.

Remember Opti, this is the US.

We have a lot of guns.

You take a bet, you honor that bet.

[7deuceoff$uit]

Good to see this happen. It only makes legalized gambling look better when an error results in benefiting the player and not "shady sportsbook" .

[LT Profits]

I asked earlier in this thread if it was counter or kiosk betting.

I am only talking about counter betting, when a human hands the ticket.

Kiosk is betting online rules.

If you are counter betting, and can't figure out a way to tell if you are about to sell a wildly off number, then update your system or get out of the live line business.

It's that simple.

Errors, occur, but they don't have to be sold.

Kiosks could do the same, any system could and it should.

Right and live betting HAS to be mostly Kiosk betting by design except for during commercial breaks. This HAD to be a kiosk bet because it would have been easily spotted as error at counter.

[mrpapageorgio]

I have no clue about that. But are you inferring there is software out there that guarantees 100% reliability?

I think the point is if these big stock trading firms have to eat the losses because their software screws up, then it should be no different for FD to eat the losses if their software messes up.

https://dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/

FD should have all of the benefit, but none of the risk of using this software?

[7deuceoff$uit]

I wonder if we'll get an idea what the source is for supplying books the data needed for a live system? It has to be fast.

[LT Profits]

I think the point is if these big stock trading firms have to eat the losses because their software screws up, then it should be no different for FD to eat the losses if their software messes up.

https://dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/

FD should have all of the benefit, but none of the risk of using this software?

Gotcha and that makes sense. You must realize I have been betting online my whole life, so I was under the mistaken assumption that the "bad line" policy applied to Vegas and other B&Ms also, especially after seeing it written into both FanDuel and DraftKings rules.

[KVB]

Right and live betting HAS to be mostly Kiosk betting by design except for during commercial breaks. This HAD to be a kiosk bet because it would have been easily spotted as error at counter.

No, that's another online assumption. It's not like that by design at all, there is plenty of counter live betting at Will Hill shops all around Nevada, plenty. It's actually crazy...lol.

Limits low though, and they will limit you fast.

[KVB]

Alright, well.

This thread was fun. I hope you online guys can see that there is a difference when you enter the book, in the US, there are long standing expectations. I know times are changing and so will these expectations, I suppose.

Glad to see old school step up, at least a little bit.

Dealing bad lines, or errors, is a serious thing, especially if people are involved. Vegas investigates case by case.

Key word, investigates. They want to know what happened and then decide a fair judgement.

If you can't blame clerks and sups because the computer is telling them and they just push buttons, then those clerks and sups must be trained.

Maybe we go back to the days where a sportsbook manager actually makes a decision and isn't just setting schedules for mindless clerks while the conglomerate adjusts lines and assesses risk.

That'd actually be nice.

It's been fun.

[LT Profits]

No, that's another online assumption. It's not like that by design at all, there is plenty of counter live betting at Will Hill shops all around Nevada, plenty. It's actually crazy...lol.

Limits low though, and they will limit you fast.

This is hard for me to envision. what do agents take one customer at a time between plays? Do they even have time to write ticket and verify between plays?

[KVB]

This is hard for me to envision. what do agents take one customer at a time between plays? Do they even have time to write ticket and verify between plays?

Sometimes multiple clerks, but things move pretty fast because the bettor knows it's live. It seems to work but you need to be clear and confirm it when he repeats it.

It is clearly written, "there are no refunds on live bets" right on the board, but that doesn't mean there isn't some error fine print involved.

I just don't hear of too many errors, even though they happen. As it settles down in Jersey, we will hear less and less as well.

There will be protocol and no need to go to the papers.

[fried cheese]

This is hard for me to envision. what do agents take one customer at a time between plays? Do they even have time to write ticket and verify between plays?

its usually just commercial breaks when ive bet them but i dont bet live much or live in a gamble legal state.

[Optional]

This is hard for me to envision. what do agents take one customer at a time between plays? Do they even have time to write ticket and verify between plays?

Same as phone betting. The clerk tells you the odds, you confirm, and he tries to get them. If not he asks you again.

[mrpapageorgio]

Gotcha and that makes sense. You must realize I have been betting online my whole life, so I was under the mistaken assumption that the "bad line" policy applied to Vegas and other B&Ms also, especially after seeing it written into both FanDuel and DraftKings rules.

I don't live in Vegas so I'm used to betting on sports online and am only used to their rules. With that said, I never got why they are entitled to special treatment compared to stock firms that do the same thing except for the fact they're offshore which is the wild west. If they screw you over, you have nowhere to go since it's not regulated.

I've read about the dangers of software glitches like one I quotes (and even a clerk entering an extra 0) and it costs these Wall Street firms millions and even billions and they still had to eat the transaction despite the "glitch". That's the risk you run if you want to have this software making instant decisions that could make you millions exploiting small arbitrage in the market or trends based on complex mathematical formulas.

If the standard in the heavily regulated stock market is you should eat the glitches of your software, I don't see where it's unreasonable to tell the regulated books they have to be ready to handle the risk if the software goes the other way. If you want to enjoy the benefits this automation gives you.

[rangerz2478]

I am absolutely floored by this. Doesn’t this set a ridiculous precedent and won’t they now have to pay the next +75000 supposed to be -600?

[floridagolfer]

I am absolutely floored by this. Doesn’t this set a ridiculous precedent and won’t they now have to pay the next +75000 supposed to be -600?

This was a brilliant PR move on behalf of the book. Doesn't matter to me whether it changed its mind on its own or through some discussion with state regulators. Going forward, at least bettors have some sense that this place is going to pay on prices it posts. Who can ask for anything more?

[Optional]

I am absolutely floored by this. Doesn’t this set a ridiculous precedent and won’t they now have to pay the next +75000 supposed to be -600?

This was a brilliant PR move on behalf of the book. Doesn't matter to me whether it changed its mind on its own or through some discussion with state regulators. Going forward, at least bettors have some sense that this place is going to pay on prices it posts. Who can ask for anything more?

If even seasoned offshore bettors take this away from the incident, it was a great PR move.

Be interesting to see the reality over time though.

[Mrtop7]

all bets need a notary stamp before the books will accept them.

[matrix1022]

Paid yesterday. Nicest guy too. Went to FanDuel not far at all In nj. There building bigger area. Besides temp bar area and it’s looking pretty good so far. They made millions already. . Not bad lines not has good has Golden Nugget Which I’m always there . Jump in and out of Ocean which is great to enjoy game Plenty of drinks

[clip1]

Publicity stunt by Fanduel - enourmous exposure - most people don’t even know that fanduel is a Sportsbook - you guys don’t know the business world tactics -

yes