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finally a smart decision, why would you wait anywayComment -
I can understand paying out partial, but the entire wager? What for?Comment -
FanDuel sportsbook is paying out bets from people who picked Alabama to win the college football national championship -- over a month before the game will be played.
The company announced Friday night it is treating the top-ranked Crimson Tide as the winners already, and paid out single-game bets to customers' online or mobile accounts. Those who made bets in person can bring their winning slips to the location where they bet to be paid.
Alabama also is being marked as a winner on parlay bets that included the necessity of it winning the title.
FanDuel says the move could cost it $400,000. Should Alabama not win the national championship, FanDuel will pay out bets on whichever team wins the title.
It says it wants to reward customers for betting on a team with odds that were so lopsided it was difficult to make money.
"It has been a dominant season for the Crimson Tide and our traders have seen enough," the company said in a statement Friday night.
The payout involved all future bets on Alabama to win it all that were made before 5 p.m. ET Friday. The Tide opened at nearly 2-to-1 odds before the season started, or plus 195, meaning a $100 bet would return $195.Comment -
NJ Sports Update-Fan Duel pays out Alabama futures early
good marketing or terrible bookmaking
my guess is they didnt have a very big position here.
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marketingComment -
Costs them $40,000 on straight futures and could cost them $400,000 eventually when adding in parlays that included Alabama futures (apparently those can be parlayed at FanDuel).good marketing or terrible bookmaking my guess is they didnt have a very big position here.
http://www.espn.com/chalk/story/_/id...onal-championsComment -
funny quote here, basically says " Merry Christmas you squares, please continue to wager with us moving forward"
"It's a way to reward our customers for betting on Alabama when the odds were really hard to make any money doing it," said FanDuel spokesman Kevin Hennessy.Comment -
Oh gawd. Look at the language there.good marketing or terrible bookmaking my guess is they didnt have a very big position here.
http://www.espn.com/chalk/story/_/id...onal-champions
Explaining the most basic things, talking to non-bettors.
These sort of advertorials about betting, specifically targeting non-bettors, might get a UK or Aussie book into hot water. Wonder how this will pan out in US. I suspect it is going to be a lot more liberal there. Not sure if that will be good or not for bettors yet though..Comment -
Kinda surprised gaming commissions allow thisComment -
Additional Breaking News:
FD pays out 1980 Russian Olympic Hockey Team futures; Mike Tyson over Buster Douglas and Colts Super Bowl III wagers.
FD such great folks.Comment -
good marketing or terrible bookmaking my guess is they didnt have a very big position here.
http://www.espn.com/chalk/story/_/id...onal-champions-280 is so lopsided that is difficult to make money? Enough to give away the winner?FanDuel says the move could cost it $400,000. Should Alabama not win the national championship, FanDuel will pay out bets on whichever team wins the title.It says it wants to reward customers for betting on a team with odds that were so lopsided it was difficult to make money.
"It has been a dominant season for the Crimson Tide and our traders have seen enough," the company said in a statement Friday night.
The payout involved all future bets on Alabama to win it all that were made before 5 p.m. ET Friday. The Tide opened at nearly 2-to-1 odds before the season started, or plus 195, meaning a $100 bet would return $195.
But its season has been so dominating that Alabama is now listed at minus-280, meaning a gambler would have to put up $280 of his or her own money in a bet to win $100 on Alabama.
Really?
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Nj can do whatever they want
Leaders in sportsbetting now USAComment -
PaddyPower are notorious for jinxing certs by paying out early for publicity.
Tiger Woods in the Masters one year. 4 or 5 years ago ManU was way ahead in the EPL with about 6 games to go, PP pay out and they went on to lose just about every game and missed it. There's at least a couple more famous ones like that by them..Comment -
Guys will just lose the money back now unless they rebet Alabama
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Part of the strategy would normally to be to get people to do just that.
Because so many will think that way, they will offer Bama at shitty odds and hedge every re-bet off for a guaranteed profit.
I haven't checked but I bet that's the case on FanDuel..Comment -
New Jersey was very smart they adopted the European style of bookmaking which makes massive amounts of moneyComment -
Fanduel pays out on Alabama
Wonder if anybody with inside info loaded up on Alabama before the announcement? Seriously though, great gimmick. Good to see Fanduel giving money back to the players.Comment -
TF is this shit.Comment -
If Bama makes the playoffs it is a travesty they played nobody, Citadel
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WellI meant if they lost, they got lucky Tua got hurt.Comment -
Clemson !!!!!Comment -
Great marketing on the part of FanDuel. This thread is a perfect example of that.Comment -
That and they will win it .
I don't expect Tua back in 2 weeks personally , Hurts just had the same procedure , 2 weeks after he was barely walking . It took him a full month , 3 weeks plus a bye week yet still not 100% but will be easily by the 29th .
Hurts can and will get his redemption for getting Bama there but Tua getting the glory last year . He's improved drastically being behind Tua and learning to read progressions , we knew he could run , now he can pass .Comment -
Spot on as Alabama will win the National championship with either Tua or Hurts at the HelmComment
