Fanduel Voided Bet
FanDuel says its system should have calculated his odds at 1-6, meaning a bettor would have to wager $600 in order to win $100. Prince bet $110 on the Broncos but was stopped when he went to collect from FanDuel's betting window at the Meadowlands Racetrack in East Rutherford, New Jersey. FanDuel “If a match does not start on the scheduled start date and is not completed within 24 hours of the scheduled start time, all bets will be void except for those on markets which have been unconditionally determined.”. However, FanDuel suggested the gaming uptick was due to organic growth (via cross-sell) and the launch in Pennsylvania rather than COVID-19. For Q1 as a whole, gaming was up 255% to $33 million. Horse racing helped to fill FanDuel sports void. All bets will stand if a game is suspended and continues to a conclusion the following day (local time), Moneyline bets will be voided and those funds returned to you should your MLB Game be suspended prior to the game completing 5 innings (4.5 if the Home team is leading).
ATLANTIC CITY, N.J. -- Upon further review, a New Jersey man will get his full $82,000 payout on a disputed $110 sports bet. Several other gamblers who made similar bets at wildly inflated odds will also be paid in full, FanDuel said Thursday.
The online sports betting company said it will pay Anthony Prince of Newark the full 750-1 payout he was promised when the company's automated system mistakenly generated long odds on the final moments of the Denver Broncos-Oakland Raiders game on Sunday.
The company initially refused to pay the bet placed at its sportsbook at the Meadowlands Racetrack, saying it isn't obligated to pay for obvious errors. But FanDuel reversed field after consulting with state gambling regulators.
'Above all else, sports betting is supposed to be fun,' the company said in a statement Thursday. 'As a result of a pricing error this weekend, it wasn't for some of our customers.'
Prince made his bet before a game-winning field goal by Denver's Brandon McManus.
'A 36-yard field goal has approximately an 85 percent chance of success, so the astronomical odds offered on something highly likely to occur was very obviously a pricing error,' the company said. 'These kinds of issues are rare, but they do happen. We want sports betting to be fun. So, this one's on the house. We are paying out these erroneous tickets and wish the lucky customers well.'
Prince could not immediately be reached for comment.
Fanduel Voided Bet Odds
In a tweet earlier Thursday before FanDuel's decision was announced, McManus sided with Prince.
Prince was handed his 750-1 ticket with about a minute left in the game, as the Broncos trailed by two 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.
FanDuel says its system should have calculated his odds at 1-6, meaning a bettor would have to wager $600 in order to win $100. Prince bet $110 on the Broncos but was stopped when he went to collect from FanDuel's betting window.
Kerry Langan, a spokesperson for the New Jersey Division of Gaming Enforcement, said the agency 'is encouraged by FanDuel's actions today. The division will continue to work with FanDuel and the state's other licensed sports wagering operators to ensure the implementation of industry-wide best practices.'
Kip Levin, FanDuel's chief operating officer, said the company wants 'to use this as a learning experience for our new customers about how sports betting works.'
All told, 12 customers, including Prince, were given incorrect odds during an 18-second computer glitch. Levin would not say how much in total the company is paying, but said the promised payouts printed on the tickets or made online will be honored.
FanDuel also says it will give away another $82,000 this weekend by adding $1,000 apiece to the accounts of 82 randomly chosen customers.
The dispute is one of the earliest for the budding sports betting industry in New Jersey, coming at a time when new sportsbooks are opening in some other states and lawmakers throughout the country are considering whether to also jump in for the potential tax revenue. New Jersey challenged a federal ban and won a U.S. Supreme Court decision in May that cleared the way for gambling on games to expand beyond Nevada.
The idea that player money and winnings would be protected and regulated by the state has been a major selling point among sports betting supporters who contrasted legal gambling with shady offshore betting sites where players often have little recourse in disputes. But gambling regulators also have policies in place to void obvious errors in sports bets.
In Nevada, mistakes in the odds are not uncommon and can occur multiple times a month at sportsbooks. If a similar dispute happened in Nevada, the bookmaker would be required to contact the Gaming Control Board in order to investigate the matter.
Some Nevada books have paid off bets that were placed on bad odds, but then refused to take action from the bettors who took advantage of the mistakes in the future.
In the United Kingdom, where FanDuel owner Paddy Power Betfair has operated for decades, mistakes in the odds are called palpable errors or 'palps' and generally result in voiding the bet.
Information from ESPN's David Purdum and The Associated Press was used in this report.
FanDuel Sportsbookwill pay out a hefty tab related to dozens of disputed soccer bets.
It’s the outcome of a Thursday ruling from the New Jersey Division of Gaming Enforcement (DGE).
According to ESPN.com,the incident in question took place in mid-July and involved wagers on MLS, the Premier League, La Liga, and Serie A soccer games.
In essence, thousands of dollars were wagered over four days in the state. That equals a potential payout of more than $100,000.
FanDuel + DGE address the soccer palp
FanDuel issued a statement on the DGE ruling:
“Yesterday, the DGE ruled that a total of 10 online customers and one retail customer who placed wagers on erroneous soccer markets should be paid out after an investigation into a new bet type that was installed incorrectly resulting in erroneous lines being made available to customers.
“FanDuel Sportsbook appreciates the DGE looking into this matter on our behalf. We regret that this error happened, believe it is important for customers to know that there is a review process for these issues, and thank the DGE for their collaboration in the matter. Customers impacted will receive their winnings in their online accounts immediately, and our retail customer has been contacted to come into the Meadowlands to receive his winnings.”
The DGE shared a statement as well, addressing voided wagers, errors, and the protocols for vendors in the state:
“DGE’s general policy is to not automatically void wagers when errors occur on the part of sports wagering operators. Although operators are free to request that those wagers be voided after patrons have placed bets, DGE treats those requests on a case-by-case basis. This practice encourages operators to have appropriate controls in place to avoid offering erroneous sports wagers, and they reinforce the integrity of sports wagering in New Jersey and confidence in the industry by the public.”
What happened with the MLS bets at FanDuel Sportsbook?
This is one of those years NJ sports betting customers will never forget.
A global pandemic forced a monthslong shutdown of the NBA, NHL, and MLB.
During the Major League Soccer restart, an erroneous line, or palp, raised a red flag with the DGE.
For a bit more detail about palps (and other gambling news), watch the video below:
One of the games in question involved the July 16 matchup between FC Cincinnati and Atlanta United. FanDuel posted a pregame line of Cincinnati +5.
If the line seems high for a soccer match, well it is. Cincy ended up winning the game, 1-0.
And reports surfaced that FanDuel Sportsbook did not want the Garden State market to stay at that price. The operator held off paying out wagers following the game in question.
The payout delay prompted an investigation by the DGE.
The voided bets also occurred in Indiana, where FanDuel Sportsbook operates. In that state, regulations allow sportsbooks to cancel wagers in the case of “obvious error” and at the licensee’s discretion. However, the Indiana Gaming Commission is investigating the matter. It has not made any ruling yet.
Overall, FanDuel Sportsbook had strong July
Last month’s soccer betting controversy is yet another blip on FanDuel Sportsbook’s overall performance in the state.
The Garden State’s market-leading sports betting app is coming off an extremely strong July. Meadowlands Racetrack, FanDuel’s land-based partner, reported a whopping $14 million in online and retail revenue.
So FanDuel and PointsBet NJare responsible for nearly half of the total $29.5 million in revenue. Play NJ understands that FanDuel accounts for the bulk of the Meadowlands revenue.
Fanduel Voided Betting
And as a whole, NJ sports betting handle jumped to $315 million.