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For a punter from New Jersey, the Denver Broncos have been a long shot too good to be true.
New Jersey bookmaker FanDuel refused to honor a $ 110 bet on the Broncos on Sunday that would have paid more than $ 82,000 because of an error in the auction process, the team said. company.
"The bet in question implied an obvious price error inadvertently generated by our pricing system at stake," said a spokesman for FanDuel in a statement.
The bettor, who identified himself with News 12 New Jersey as Anthony Prince, placed the bet on the counter at the Meadowlands Racetrack bookmaker with Denver behind the Oakland Raiders 19-17 late in the fourth quarter.
After quarterback Case Keenum managed an 18-yard pass to Oakland, putting the Broncos at hand, FanDuel attempted to update the live odds for Denver to become a -600 favorite. However, according to the company, an error in the live odds stream caused the Broncos to get 750-1 (+75,000) outsiders to win the game.
Prince went to the counter, bet on the Broncos at the wrong odds of 750-1 and received a ticket that indicated a potential payout of $ 82,610. At the correct odds of -600, he would have earned a net $ 18.35.
Denver kicker Brandon McManus scored the winning goal 36 yards with 10 seconds to go, giving the Broncos a 20-17 win, but when Prince went to the counter, he was told the bet would not be paid at 750-1. opportunities.
Instead, FanDuel offered him about $ 500 and gave him tickets for three games of the New York Giants. Prince declined to take FanDuel's offer and told News 12 New Jersey that he was planning to hire a lawyer.
"They said that their system had a small problem and that they were not obliged to pay for problems," Prince told the television channel.
"A small number of bets were made at the wrong price over a period of 18 seconds," FanDuel said. "We honored all Broncos bets to win the match at the exact market price, in accordance with our internal rules and industry practices, which specifically address these obvious price errors." We apologized to all customers concerned. "
The New Jersey Gaming Police Division is studying the issue. The New Jersey Sports Betting Rule states: "A betting operator shall not unilaterally cancel a bet without the prior approval of the division."
FanDuel's internal rules, however, state that "where a blatant or palpable error is made in the offers made, the prizes offered or the bets accepted or in the transmission of any event on which we have purported to offer bets in direct, the bets can be settled correctly. " price at the time the bet was placed, as determined by FanDuel Sportsbook. "
Other jurisdictions with legal bets treat the problem differently.
In Nevada, errors in odds are not uncommon and can occur several times a month in sports betting. If a similar dispute arose in Nevada, the bookmaker would be required to contact the Gaming Control Board to investigate the matter.
Some Nevada books paid off odd bets, but then refused to take action from bettors who took advantage of mistakes in the future.
In the United Kingdom, where FanDuel owner Paddy Power-Betfair has been operating for decades, errors in odds are called palpable or "palpable" errors and usually result in the cancellation of the bet.
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