Punter to take bookie to court over $113k bet debacle

Sports fans in America are split after a betting company refused to pay out an astronomical AU$113,000 win because of a glitch.

New Jersey bookmaker FanDuel is copping plenty of heat after refusing to pay out a customer who placed $150 on 750-1 odds that the Denver Broncos would come from behind and defeat the Oakland Raiders on Monday (AEST).

Only problem with the bet, the gambler, Anthony Prince, received those odds over a counter at a race course due to a glitch.

The Broncos were supposed to be a 7-1 chance of victory, not 750-1.

NO WAY: Punter misses out on $160K in cruel twist of fate

New Jersey bookmaker FanDuel is coming under fire for not paying out the huge bet. Pic: Getty

Still, upon the Broncos completing an unlikely come-from-behind victory over the Raiders with a fourth-quarter touchdown, Prince had a betting ticket which showed he was owed AU$113,000.

He returned to the counter, but his ticket was not accepted by FanDuel.

“They said their system had a glitch in it and they’re not obligated to pay for glitches,” Prince said.

Prince said FanDuel offered him AU$700 and skybox tickets to three New York Giants games instead.

However Prince still isn’t happy, and plans to take legal action in order to get his full amount.

Oakland Raiders quarterback Derek Carr (4) is sacked by Denver Broncos linebacker Von Miller during the first half of an NFL football game, Sunday, Sept. 16, 2018, in Denver. (AP Photo/David Zalubowski)

For their part, FanDuel are standing by their decision not to pay out the bet, due to the glitch.

“The wager in question involved an obvious pricing error inadvertently generated by our in-game pricing system,” FanDuel said.

“Specifically, near the end of the Sunday afternoon game between the Denver Broncos and the Oakland Raiders, the odds for the Broncos (who had the ball and were trailing by two points at the time) to win were +340 (bet US$100 to win US$340).


“The next play, the Broncos completed a 26 yard pass to position themselves to attempt a 36 yard field goal to take the lead in the final seconds of the fourth quarter, clearly positioning the Broncos as the favourite to win.

“At that moment in the game, our system updated the odds and erroneously posted a price of +75,000 on the Broncos to win the game (bet US$100 to win US$75,000) when the correct odds for the Broncos to win the game at that point in time were -600 (i.e., bet $600 to win $100).


“A small number of bets were made at the erroneous price over an 18 second period.

“We honoured all such bets on the Broncos to win the game at the accurate market price in accordance with our house rules and industry practice, which specifically address such obvious pricing errors.

“We have reached out to all impacted customers and apologised for the error.”

If FanDuel thought the matter would be ended there, they were wrong.

Not only will they face likely legal action from Prince, they’ve enraged many sport fans with their decision not to pay out the bet.

Plenty of fans took to social media to blast FanDuel for not paying out the bet.





 

Others took the betting company’s side, most notably, SportsCenter host Scott Van Pelt.






The New Jersey Division of Gaming Enforcement is currently investigating the matter.

With The Loop