FanDuel not honoring bet that would have paid more than $82k

just like if a company screws up on a price on line, they are not obligated to sell it at that price

In comment 14085072 ron mexico said:

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just like if a company screws up on a price on line, they are not obligated to sell it at that price

But why should they torture the poor kid with Giants tickets?

they offered him more money than what the payout should be (by around 27x) and free tix which he can sell. I think they are being fair here.

I'd say yes. Pay that man.

generating sympathy for casinos and betting sites. They're not going to give your money back if you make a mistake. Fuck you, pay me.

But know it’s not like a store having the wrong price on something. It would be like the store having the wrong price, selling it to at that price then coming back and trying to make you pay for the rest of it later. I think if the skid you a product or service than agreement had been made based off the listed odds

In comment 14085105 Chris in Philly said:

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generating sympathy for casinos and betting sites. They're not going to give your money back if you make a mistake. Fuck you, pay me.

This...

If you mistook a $25 chip for a $100 chip and said you made a mistake on the blackjack table, the dealer would laugh his ass of.

but anybody who does a lot of in game betting you can find all kinds of errors on a regular basis. Just this past Monday a quick line of bears at -14.5 showed up at then of the first QTR no way they where going to cover that and it only lasted for about 30 seconds until it dropped back down to -9.

It is worth the bad press that the "new" casino would get by all of this? Hell it has already made it to ESPN's front page.

They should have honored the bet or at least offered a better package then what they did to rectify it.

Zero chance it's worth 82k to them for the bad publicity. And then even worse, having to publicly explain how their betting line algorithm works. That’s alone, proprietary info, has got to be worth millions to them.

If you pulled that in Vegas you'd be blacklisted for life. European sportsbooks also don't mess around with that.

they offered the bet, he accepted the bet, they would have not refunded him or called no action if the player lost the bet. i hope theres a nj statute in place allowing him to collect attys fees after he beats their brains in.

in that article says it all. When this happens in Vegas, they will honor the payout but not let that person bet with them again. So we screwed up and will now punish you for it. It's not like they are hurting for money.

There’s no chance a live line for a team down 2 with the ball and a minute and half left wouldn’t be that high.

if their algos make them many errors, maybe they shouldn't offer live betting until they perfect the algos. They took his money and if the FG was missed he wouldn't have gotten his money back even though he bet on an "obvious" error so why should they get to keep their money?

Fan duel made an unconditiional offer. The guy accepted that offer. When FanDuel accepted the guy’s money the contract became enforceable by the terms that FanDuel set.

Unless there is some type of disclaimer on the ticket that memorialized the wager FanDuel is most likely fully to the terms of the wager.

The only issue now, if there is no disclaimer, is where the guy has to bring his claim.

Since there is most likely an arbitration clause on the ticket/reciept, the guy probably waived his right to go to court. That means that the guy will have to file for arbitration, pay the arbitrator a fee to hear the case and wait for an award.

Arbitrators awards are not self enforcing so, if the arbitrator rules in the guys favor and FanDuel refuses to pay up, the guy will have to go to court to enforce the award.

All this litigation is going to be very expensive. Since contract damages are limited, and punitive damages are not available, it might be better for this guy to reach some sort of settlement.

In comment 14085195 giants#1 said:

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if their algos make them many errors, maybe they shouldn't offer live betting until they perfect the algos. They took his money and if the FG was missed he wouldn't have gotten his money back even though he bet on an "obvious" error so why should they get to keep their money?

The same way people hit slot jackpots and don’t get their money due to error.

the bet and publicize it. Write something along the lines of, "we pay even if there's an obvious error in the line.' It would lead people to be even more secure with betting on their site. In the long run, the 82k means nothing to them.

having been on the wrong side of a betting error, you guys may have convinced me my initial stance was wrong.

In comment 14085238 moaltch said:

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the bet and publicize it. Write something along the lines of, "we pay even if there's an obvious error in the line.' It would lead people to be even more secure with betting on their site. In the long run, the 82k means nothing to them.

Nah, that would set a bad precedent IMO. I'm sure this won't be the last time they make an error or have a computer glitch. What if next time it's $820K? Bettors can then say well you paid off last time there was an error so pay now too.

I look at this similar to a bank error. If somehow money mistakenly shows up in your account, you don't get to keep it.

In comment 14085072 ron mexico said:

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just like if a company screws up on a price on line, they are not obligated to sell it at that price

How is that similar? If the price mistake had been the other way around (if they had charged the buyer much more than the actual retail price), he'd have some recourse.

Had this person lost the bet, they'd keep the money just the same.

Seems like an extremely shitty policy to be able to change the odds on something after the event has been decided. If the mistake were obvious enough, maybe (like a million to one), but in this case it just seems like whenever it suits them they can claim there was a pricing error.

at the window how does the window agent not catch this?

I'm OK with the casino not having to pay so long as such cases are regulated and documented by the proper regulating bodies. The casino should have to justify to this regulating body how the error occurred and how it's been rectified. There needs to be a certain level of transparency going on here. The casino should also be subjected to fines should this become a regular occurrence.