They’re also banking on the fact that the other larger betting apps already have a stockpile of suckers, and they offer a big enticement to come over to their app and lose their money there.
Thanks for the links. Looks like BetMGM was trying to get away with some obvious bullshit, but had to pay up when the regulators stepped in.
True. The payoff on one whale who will take out a second mortgage, drain the kids’ college funds, and tap his retirement savings over a few years is way more than $150.00.
And I figure there are a lot of stories we don’t hear, from people without the resources to pursue legal action for a smaller payout than the ones that get into the papers
The Illinois Gaming Board, which oversees sports wagering, rejected Mr Aiello’s appeal and said BetMGM didnt have to pay his parlay off. It appears the odds Mr. Aiello bet were actually way off the mark (he should have only won 40,000 not almost 400,000 if the odds were right), and the bets were cancelled before the game was even played, so Mr. Aiello didnt actually have the bets made. He just thought he did, and he has a cool story about wanting to pay for his daughter’s college (maybe save up the fucking $2000 you bet rather than playing a stupid parlay) so it’s news.
Of course I doubt BetMGM will give him even the $40,000 correct odds he didn’t actually win because he didnt actually bet because they’re jerks too.
Pretty much everybody is a jerk in sports betting.
Thanks.