Man wins 609K for Kentucky Derby at William Hill in Reno, only offered 35K due to cap

[209 Life]

I don't bet horses, glad I don't after watching this

[eaglesfan371]

1) Ben deach has a good poker vlog. Andrew Neeme, brad Owens, Jaman burton, Jeff boski, and him are the ones I follow every week.

2) Not surprised, William Hill is the worst legal book there is.

[jjgold]

William Hill is the worst book in world

stiffed many many people UK

[littlekona]

I don't bet horses, glad I don't after watching this

standard.. many smaller places in Neveda have rule as do many offshore books. If you are not parimutuel licensed location the have signs that say so which this place did...Bottom line if your betting 100$ exacta boxes you should know rules....

[JBEX]

standard.. many smaller places in Neveda have rule as do many offshore books. If you are not parimutuel licensed location the have signs that say so which this place did...Bottom line if your betting 100$ exacta boxes you should know rules....

100% agree

[LT Profits]

William Hill may be bad, but having track limits is standard practice and the limits are displayed in the book, so really nothing to see here. The bettor should have known and not bet something with astronomical payouts at a brick and mortar book when there are legal online racing sites he could have used that go into the parimutuel pool.

[JAKEPEAVY21]

standard.. many smaller places in Neveda have rule as do many offshore books. If you are not parimutuel licensed location the have signs that say so which this place did...Bottom line if your betting 100$ exacta boxes you should know rules....

100% agree

William Hill may be bad, but having track limits is standard practice and the limits are displayed in the book, so really nothing to see here. The bettor should have known and not bet something with astronomical payouts at a brick and mortar book when there are legal online racing sites he could have used that go into the parimutuel pool.

could not agree more...noone wants to take responsibility these days and blame anyone or anything for their mistakes. It's up to you to know the rules of the game.

[milwaukee mike]

player seems like he is more interested in getting the word out, rather than on a witch hunt to get paid

as peavy and others said, important to know the rules first, on a smaller track/race if the bets were in the pool then they might have been a heck of a lot less, which is one of the reasons for the caps

[MalikHusam]

William Hill is is not FanDuel

[jts1207]

I don't bet the ponies so help me out here....

So the same trifecta wager paid the same wether you bet $20 or $100? Why would they accept the bet?

[JAKEPEAVY21]

I don't bet the ponies so help me out here....

So the same trifecta wager paid the same wether you bet $20 or $100? Why would they accept the bet?

it's not their problem, the onus falls on the player to know what's what.

[eidolon]

Why wouldn't it be 2x $35,000 = $70,000 since he won two different bets, the trifecta and exacta

[eidolon]

This happened to me at the SBR Casino. I didn't know there was a cap, so I only won 2,000 for a trifecta I hit. (This was like 8 years ago, so I the max may have changed by now)

[milwaukee mike]

Why wouldn't it be 2x $35,000 = $70,000 since he won two different bets, the trifecta and exacta

max payout on exacta is 150-1, trifecta 500-1

$100 on exacta = $15k winnings
$40 on trifecta = $20k winnings

[mrpapageorgio]

I don't bet the ponies so help me out here....

So the same trifecta wager paid the same wether you bet $20 or $100? Why would they accept the bet?

He bet at a book that had their own odds set and you're essentially betting against the house rather than a pari-mutuel book where the house basically pools all of the bets and splits it among the winners (after taking their cut of the pool).


That's why I don't get why people are siding with the book, if they refused to take his $40 and only let him bet enough to reach the cap, I would say ok. But they had no problem taking above and beyond the max bet should've been in this case.

[LT Profits]

He bet at a book that had their own odds set and you're essentially betting against the house rather than a pari-mutuel book where the house basically pools all of the bets and splits it among the winners (after taking their cut of the pool).


That's why I don't get why people are siding with the book, if they refused to take his $40 and only let him bet enough to reach the cap, I would say ok. But they had no problem taking above and beyond the max bet should've been in this case.

There is no way of knowing what payout is in advance, it is a parimutuel pool. Thus book accepts all bets, bettor should at least have an idea which payouts would be ginormous.

[LT Profits]

There is no way of knowing what payout is in advance, it is a parimutuel pool. Thus book accepts all bets, bettor should at least have an idea which payouts would be ginormous.

And actually on second thought, everything I said here is besides the point. It is not the size of the bet that matters, it is the ODDS that matter. Even if the guy bet $1 trifecta, he would have won only $500 instead of getting full odds.

[milwaukee mike]

He bet at a book that had their own odds set and you're essentially betting against the house rather than a pari-mutuel book where the house basically pools all of the bets and splits it among the winners (after taking their cut of the pool).


That's why I don't get why people are siding with the book, if they refused to take his $40 and only let him bet enough to reach the cap, I would say ok. But they had no problem taking above and beyond the max bet should've been in this case.

so they are supposed to analyze every $40 bet to see what the expected exacta/trifecta payouts would be? that's downright silly, and they could be way off

[LT Profits]

so they are supposed to analyze every $40 bet to see what the expected exacta/trifecta payouts would be? that's downright silly, and they could be way off

See Post 17, bet size does not matter.

[milwaukee mike]

See Post 17, bet size does not matter.

i was explaining that a book shouldn't have to waste time doing expected trifecta payout analysis on small bets

the caps are in place for a reason, you don't want people making millions fixing one race at a small track

[BuckyOne]

He bet at a book that had their own odds set and you're essentially betting against the house rather than a pari-mutuel book where the house basically pools all of the bets and splits it among the winners (after taking their cut of the pool).


That's why I don't get why people are siding with the book, if they refused to take his $40 and only let him bet enough to reach the cap, I would say ok. But they had no problem taking above and beyond the max bet should've been in this case.

Good point! The gaming commission should step in and make them refund excess funds they collected from the entire block of business. Those $'s were risked with zero chance of winning.

[mrpapageorgio]

i was explaining that a book shouldn't have to waste time doing expected trifecta payout analysis on small bets

the caps are in place for a reason, you don't want people making millions fixing one race at a small track

If their computers can’t do that, don’t book the bet then or go to Pari-Mutuel. This isn’t a neighborhood bookie, it William Hill with some of the most sophisticated computers setting lines.

[LT Profits]

If their computers can’t do that, don’t book the bet then or go to Pari-Mutuel. This isn’t a neighborhood bookie, it William Hill with some of the most sophisticated computers setting lines.

It is impossible for computers to do when William Hill is not part of parimutuel pool. They pay out track odds up to the limits, calculations are done on track and by parimutuel partners.

[littlekona]

Good point! The gaming commission should step in and make them refund excess funds they collected from the entire block of business. Those $'s were risked with zero chance of winning.

Some lunatic rich drunk guy could of made a 100k exacta at post time and then the payout is within the books posted odds.....parimutuel you never know what exact payout may be though they offer probables during pre race...the guy is not a $2 first timer making those wagers..he could of went to another parimutuel book in town or wagered online and gotten track payouts....like anything need to do some research never assume

[LT Profits]

Good point! The gaming commission should step in and make them refund excess funds they collected from the entire block of business. Those $'s were risked with zero chance of winning.

There is no such thing as "excess funds", Will Hill pays out max odds on every dollar so no such thing as dead money.

[milwaukee mike]

If their computers can’t do that, don’t book the bet then or go to Pari-Mutuel. This isn’t a neighborhood bookie, it William Hill with some of the most sophisticated computers setting lines.

ok please tell me what the trifecta payout would be on 1/2/3 on a small track when the odds are this

1) 5-1
2) 10-1
3) 8-1
4) 3-2
5) 6-1
6) 5-1

trifecta payout could be 300-1 based on those odds, or someone could've pounded that trifecta and it pays 20-1

here's one from presque isle yesterday that i played... payout should've been about 100-1 but it paid $965.60 (480-1)

no way would william hill expect it to pay that muc

May 15, 2019 - Afternoon

• Race: 7

	May Flowers	16.20	8.20	4.60
	Gales of November		7.60	6.00
	Dawn Lightning			4.60

EXOTICS:$2.00 EXACTA 6/7 paid $113.40
$2.00 TRIFECTA 6/7/3 paid $965.60
$2.00 DOUBLE 5/6 paid $25.20
$2.00 SUPERFECTA 6/7/3/4 paid $12,930.20
$2.00 PICK THREE 5/5/6 paid $98.40

[newton0038]

Precisely why I went to an OTB location and used there tellerless kiosk. Full odds payout IF it hits. Punted that $100 away in 2minutes. Phuck the online 150-1 max bullshit. Books offer you odds way below what longshot will pay in exaxta and trifecta, but if the top 3 favorites come in, they sure as shit will not be payin you more than what the track parimutual pool is paying. Books cant handle the payout, dont offer the odds or book the bets

[LT Profits]

There also appears to be some confusion between a money cap and an odds cap. There is no money cap here, so in that sense, bet size does matter because even though you get ripped of on the odds, you still win more when you bet more. What we have here is an odds cap.

[littlekona]

Precisely why I went to an OTB location and used there tellerless kiosk. Full odds payout IF it hits. Punted that $100 away in 2minutes. Phuck the online 150-1 max bullshit. Books offer you odds way below what longshot will pay in exaxta and trifecta, but if the top 3 favorites come in, they sure as shit will not be payin you more than what the track parimutual pool is paying. Books cant handle the payout, dont offer the odds or book the bets

Pleanty of online books that pay full track odds....also books like BOL even went as far as refunding people’s win bets on maximum security let’s see a otb do that....like anything have to research and imo offshore is way to bet horses to maximize profits no tax tickets bets don’t affect pools payouts plus rebates

[mrpapageorgio]

ok please tell me what the trifecta payout would be on 1/2/3 on a small track when the odds are this

1) 5-1
2) 10-1
3) 8-1
4) 3-2
5) 6-1
6) 5-1

trifecta payout could be 300-1 based on those odds, or someone could've pounded that trifecta and it pays 20-1

here's one from presque isle yesterday that i played... payout should've been about 100-1 but it paid $965.60 (480-1)

no way would william hill expect it to pay that muc

May 15, 2019 - Afternoon

• Race: 7

	May Flowers	16.20	8.20	4.60
	Gales of November		7.60	6.00
	Dawn Lightning			4.60

EXOTICS:$2.00 EXACTA 6/7 paid $113.40
$2.00 TRIFECTA 6/7/3 paid $965.60
$2.00 DOUBLE 5/6 paid $25.20
$2.00 SUPERFECTA 6/7/3/4 paid $12,930.20
$2.00 PICK THREE 5/5/6 paid $98.40

whats the typical pool for this kind of race? They can get this info. I have access to the expected exacta payouts on TwinSpires so they can get (buy) the info easily on expected payouts.

As I said, if they can’t handle these bets, don’t book it.

[jjgold]

He will win case or settle out of court

[littlekona]

He will win case or settle out of court

Lol....he has a better shot of being the new saloon moderator for sbr

[LT Profits]

He will win case or settle out of court

He has no leg to stand on with limits posted in the book clear as day.

[HurryUpAndDrink]

Most bookies are bonafide crooks

What is so hard to understand? Thats why beating them feels so good. They suck!

[milwaukee mike]

He has no leg to stand on with limits posted in the book clear as day.

those payout caps are on the BACK of a card, which makes this an interesting story... is that "posted clearly" or isn't it? it sure is posted clearly that they aren't in the pari-mutuel pools but is that good enough? we will find out within 45 days