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ATLANTIC CITY, N.J. (AP) – After a re-examination, a New Jersey man will receive his full payment of $ 82,000 on a $ 110 sports bet.
And several other players who have made similar bets to exaggerated inflated odds will also be paid in full, said FanDuel Thursday.
The online sports betting company has announced that it will pay Anthony Prince of Newark the full 750-1 payment he was promised when the company's automated system mistakenly generated long odds in the final moments of the match. Broncos – Oakland Raiders of Denver.
The company initially refused to pay the wager placed on its sports book at the Meadowlands Racetrack, claiming that it was not required to pay for obvious mistakes. But FanDuel reversed the field after consulting the state gaming regulatory authorities.
"Above all, sports betting is supposed to be fun," the company said in a statement on Thursday. "Following a price error this weekend, some customers did not need it."
Prince received his 750-1 ticket with about a minute of play, while the Broncos lost 2 points on their last race. Denver started a field goal with 6 seconds left to win 20-19, finishing back in the semifinal with the Broncos, 12-0.
FanDuel said his system should have calculated his odds of 1 to 6, which means that a bettor should bet $ 600 to win $ 100. The company said a 36-yard goal itself had a 85% chance of success.
"These types of problems are rare, but they happen," the company said. "So, this one is on the house. We pay these erroneous tickets and wish good luck to the lucky customers. "
Prince could not be reached immediately for a comment.
Kerry Langan, a spokeswoman for the New Jersey Division's Division of Gaming Enforcement, said the agency "is encouraged by the actions of FanDuel today. The division will continue to work with FanDuel and other state-licensed sports betting operators to implement best practices across the industry. "
Kip Levin, FanDuel's director of operations, said the company wanted to "use this learning experience for our new customers on how sports betting works."
A total of 12 customers, including Prince, received incorrect ratings for an 18-second computer problem. Levin will not say how much the company pays in total, but says that promised payments on the tickets or online will be honored.
The dispute is one of the oldest in the budding sports betting industry in New Jersey, as new sports books open up in other states and lawmakers across the country are also wondering. potential tax revenues. New Jersey challenged a federal ban and won in May a US Supreme Court ruling, which ushered in the expansion of gambling beyond Nevada.
The idea that player money and winnings would be protected and regulated by the state was a major selling point for sports betting advocates who compared legal games to distant betting sites where gamblers rarely litigation.
But the game's regulators also have policies in place to undo the obvious mistakes in sports betting.
FanDuel also says it will provide an additional $ 82,000 this weekend by adding $ 1,000 to the accounts of 82 randomly selected clients.
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Follow Wayne Parry at http://twitter.com/WayneParryAC
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